NET OPERATING INCOME
HCL Tech net profit up 6.8% QoQ at Rs 4,257 crore; surpasses estimates
Following the Tata Consultancy Services (TCS) earnings Thursday, several technology stocks surged to lifetime highs Friday, and were at the forefront of the stellar showing of the broader stock indices. TCS led the pack of five technology companies, including HCL Tech, that were the top five Nifty gainers.
JPMorgan Q2 Results: Profit jumps 25% to record, fuelled by investment banking
A surge in debt and equity offerings, alongside increased takeover deals, fueled by growing confidence in the U.S. economy, has significantly boosted Wall Street banks' income. Investment banking revenue alone jumped 46% to $2.5 billion, surpassing earlier forecasts.
VRL Logistics outlook: Should you buy this stock? Know why analysts are bullish on this stock
VRL Logistics: Analysts are confident about VRL Logistics due to its aggressive expansion and investment plans, and the promising outlook of the logistics industry. The buoyant prospects of logistics industry will continue to support the company’s growth. The company has multiple differentiators to sustain its growth momentum. An Emkay May 2024 report states that its business model will help reap benefits of operating leverage due to owned assets and branch expansion plans.
NBCC Q4 Results: Cons PAT jumps 49% YoY to Rs 414 crore
The new business secured touched Rs 23,500 crore on the consolidated level and Rs 18,400 crore on the standalone level, registering a growth of more than 250% and 355%, respectively, in comparison to preceding financial year.
Karnataka Bank Q4 Results: Net profits dips 23% YoY to Rs 274 crore, dividend declared at Rs 5.5 per share
Its net interest margin, a key profitability metric, fell 57 basis points to 3.3% for the quarter as compared with 3.87% seen in the year-ago period. Net interest income was 3% lower at Rs 834 crore.
Revenue/Ebitda misses led to Vi’s higher net loss in Q4FY24: Analysts
Vodafone Idea's widening net loss to Rs 7,675 crore in the fiscal fourth quarter was attributed to lower revenue and operating income. Despite minimal customer losses, Vi struggled to compete with Reliance Jio and Bharti Airtel. Analysts noted a decline in revenue and Ebitda, with a modest increase in ARPU. The recent equity raise aims to alleviate financial strain.
Brookfield REIT Q4 Results: Net income jumps 89% YoY at Rs 461 crore
Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI) stood at Rs 244.4 crore in the year-ago period.
Brokerages increase target price for Bank of Baroda. Should you buy?
BoB’s net interest income for the full financial year stood at Rs 44,722 crore, an 8.1% uptick over FY23. The operating profit for FY24 was reported at Rs 30,965 crore, a 15.3% year-on-year (YoY) gain.
Union Bank and Bank of India shares drop up to 10% after Q4 results
Union Bank and Bank of India witnessed a 6-10% fall in their shares on Monday as their Q4 results fell short of expectations. Union Bank reported a 19% growth in net profit, while Bank of India's net profit increased by 7%.
This banking stock gave 22% returns last year; is Equitas Small Finance Bank stock a good buy now?
Equitas Small Finance Bank’s 2022-23 annual report expects a Rs.22 lakh crore market for small business lending, backed by residential property. A recent Centrum Broking report states that the company is poised to double its AUM within the next three years, supported by its improving deposit franchise and distinct client segments. Its comfortable valuations at 1.4 times based on 2025-26 P/ABV (price to adjusted book value) presents an appealing opportunity for entry, adds the Centrum report. Should you invest in Equitas Small Finance Bank now?
BoI Q4 results: Net up 7% on strong retail, farm loans
Net profit increased to ₹1,439 crore in the quarter ended March 2024 from ₹1,350 ₹crore a year earlier despite a 15% fall in operating profit.
Capital Small Finance Bank Q4 Results: Lender reports net profit at Rs 28.2 crore
Capital Small Finance Bank on Thursday reported Rs 28.2 crore net profit for the March quarter against Rs 24.3 crore in the year-ago period, riding on lower provisions and contingencies.
Suryoday Small Finance Bank Q4 Results: Net profit soars 56% YoY to Rs 61 crore
The bank's net interest margin for the quarter was 10.1% against 10.4% in the same quarter last year, although it rose sequentially from 9.8%. Operating profit was 25.5% higher at Rs 128 crore against Rs 102 crore. Provisions and contingencies were a ltad lower at Rs 48 crore against Rs 51.5 crore.
Nexus Select leases 1.1 million sq ft retail space in FY24, records highest occupancy
Blackstone-backed Nexus Select Trust, India’s first listed retail REIT, achieved a record 97.6% occupancy in FY 2023-24. The trust is set to acquire three Hyderabad malls, financing through debt, aiming for asset portfolio growth.
SBI Q4 Preview: Profit may fall 24% YoY; NII seen flat
Analysts anticipate a relatively stable net interest income (NII) growth or potentially a slight decrease of up to 1% year-on-year, attributed to increased operating expenses and normalization of net interest margins (NIM).
Esaf Small Finance Bank Q4 Results: Net profit plunges 57% YoY to Rs 43 crore
The bank's operating profit was 30% higher at Rs 285 crore against Rs 219 crore but provisions and contingencies at Rs 226 crore against Rs 82 crore pulled the net profit down.
Muthoot Microfin Q4 Results: Profit jumps 27% to Rs 120 crore
Muthoot Microfin Q4 Results: The non-banking financial company-micro finance institution (NBFC-MFI), which is a part of the Kerala-based Muthoot Pappachan group, saw its gross loan portfolio expanded by 32.4% year-on-year to Rs 12,194 crore while it reported the highest ever disbursement of Rs 10,661.59 crore.
Fusion MicroFinance Q4 results: Net profit up 16% to Rs 133 crore
Fusion MicroFinance Q4 results: “We closed a very successful FY24 with the highest ever profit after tax, consistent growth in AUM, healthy return ratios and overall robust operational and financial metrics," managing director Devesh Sachdev was quoted as saying in a note issued by the company.
Mindspace REIT Q4 Results: Net operating income rises 9% to 477 cr; to distribute Rs 283 cr to unitholders
Mindspace Business Parks REIT on Tuesday reported 9 per cent growth in net operating income (NOI) to Rs 476.8 crore and declared distribution of Rs 282.9 crore to unitholders for March quarter FY24.
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