Axis BankBank posts 54% increase in fourth-quarter profit Revenue was aided by strong growth in debt and low provisioning. Net income for the January-March quarter was 41.2 billion rupees. It was 26.8 billion in the previous year. It surpassed the average estimate of 16 analysts at the Bloomberg survey of 39.1 billion rupees.
Vedanta: Vedanta Ltd., a mining company, has posted a consolidated profit after tax of Rs 7,570 crore for the January-March quarter of 2021-22 on the back of higher sales volume, supportive commodity prices and operational efficiency.
Shoppers StopRetailer Shoppers Stop Ltd today cut its consolidated net loss to Rs 15.85 crore for the fourth quarter ended March 2022.
BioconThe company had posted a net profit of Rs 283.9 crore for the fourth quarter ended March 31, 2022, down 4 per cent. The consolidated net profit for the corresponding quarter last fiscal was Rs 296.4 crore. Biocon Ltd has appointed former HSBC India Chairman Naina Lal Kidwai as its Director, according to a regulatory document.
Tata Power: Tata Group has entered into an agreement with the National Real Estate Development Council (NAREDCO) to set up 5,000 EV charging points across Maharashtra, the company said in a statement yesterday. The report said that Tata Power will provide comprehensive EV charging solutions on the assets of NAREDCO’s member developers.
Bajaj HoldingsBajaj Holdings & Investment today reported 16 per cent increase in net profit at Rs 1,105 crore for the fourth quarter ended March. The company had posted a consolidated net profit of Rs 949 crore in the January-March quarter of the 2020-21 financial year.
Shriram Transport FinanceSriram Transport Finance, a non-bank financial institution, today reported 43.87 per cent increase in net profit at Rs 1,086.13 crore for the quarter ended March 2022, on the back of improvement in net interest rates and asset quality. .
Ambuja Cements: Part of the Holcim Group, a Swiss building materials manufacturer. For the first quarter ended March 2022, its consolidated net profit fell 30.26 per cent to Rs 856.46 crore due to higher fuel prices.
IIFL Finance: IIFL Finance’s net profit rose 30 per cent to Rs 321 crore in the March quarter, driven by strong credit sales and lower quota for weaker assets.
PNB HousingHousing Finance’s net profit rises 33% to Rs 170 crore for the quarter ended March 2022.