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Companies

ICICI Bank Q1 results: Net profit rises 78% as bad loan buffers decline

ICICI Bank's core operating profit increased by 23 per cent year-on-year (Y-o-Y) to ₹8,605 crore during the quarter under review from ₹7,014 crore in the same quarter of previous fiscal

2 min read24 Jul 2021
Companies

HCL Tech Q2 net profit up 18.5%

HCL's revenue grew 4.2% q-o-q to Rs18,594 crore in the quarter under review, from Rs17,528 crore in the corresponding quarter last year

2 min read16 Oct 2020
Companies

ICICI Bank Q2 net profit falls 28% on one-off tax adjustment

Net profit for the quarter stood at ₹655 croreExcluding impact of one-time additional charge due to re-measurement of accumulated deferred tax, net profit would have been ₹3,575 cr compared with ₹909 cr in Q2FY19

1 min read26 Oct 2019
Companies

SBI Q2 net profit trebles to ₹3011.73 crore, asset quality improves

A Bloomberg poll of 21 analysts had expected the state-owned lender to report a profit of ₹2292.8 croreGross NPAs were at 7.19% in the September quarter, compared with 7.53% in the June quarter

1 min read25 Oct 2019
Markets

Maruti’s Q2 results underscore parent Suzuki’s pessimism on India car market

The net profit was 40% lower. It was better than estimated due to higher other income and lower effective tax rateWeak demand precipitated a 30% year-on-year slump in vehicle sales, which resulted in a 25% drop in net sales

2 min read25 Oct 2019
Markets

Given rock-bottom expectations, Wipro’s Q2 show will be cheered

Wipro reports a steady revenue growth after a sequential decline in Q1 revenuesNet profit was higher than expectations on better operating margins and a drop in tax rates

2 min read16 Oct 2019
Companies

IndusInd Bank Q2 net profit surges 50% to ₹1383 crore, but misses estimates

Net interest income rose 32.05% to ₹2,909.54 crore, against ₹2,203.28 crore in the same quarter last yearGross non-performing asset increased 145.33% to ₹4,370.20 crore, from ₹1,781.36 crore last year

1 min read10 Oct 2019
Companies

Union Bank Q1 net profit beats Street, rises 73%

The bank posted a net profit ₹224.43 crore for the three months ended 30 June, against ₹129.54 crore in the year-ago periodProvisions during the quarter decreased 33.63% to ₹1,519.34 crore, from ₹2,289.07 crore a year ago

1 min read2 Aug 2019
Companies

Marico Q1 net profit up 21.6% to ₹315 crore

The company, which sells Parachute hair oil and Safola edible oil brand among others, had posted a profit of ₹259 crore a year agoRevenue from operations during Q1 stood at ₹2,166 crore, up 6.8%, against the year-ago period

1 min read1 Aug 2019
Markets

Sun Pharma’s March quarter results indicate a patchy road to recovery

As the company re-routed India distribution to its own entity, domestic sales slumped 44% last quarterAs domestic business normalizes, the management expects revenues to expand in low to mid-teens in FY20

2 min read30 May 2019
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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