Pre-tax Profit

The British bank's pretax profit for the July-September period was 2.2 billion pounds ($2.85 billion), up from 1.9 billion a year ago and higher than the average of analysts' forecasts of 2 billion

Shriram Life Insurance announced an 88 per cent increase in new business premium for retail and group policies in H1FY24 at Rs 860 crore compared to the year-ago period

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note. Earlier this month, the group repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. The ports-to-energy conglomerate is now looking at robust growth in sectors such as airports, cement, renewables, solar panels, transportation and logistics, and power and transmission, it said adding several of Adani's new infrastructure investments will also begin to fructify and generate cash in the coming years. Adani is expected to see an increase of more than 20 per cent in EBITDA on a consolidated basis in the coming years as it drives robust and sustainable growth across its business portfolio. Its target EBITDA of over Rs 90,000 ..

The company said its annual expenses increased 41 per cent to Rs 176.24 crore, from Rs 124.66 crore in FY22

The Mangalore Catholic Cooperative (MCC) Bank, one of the pioneers of cooperative banks in Karnataka, has recorded a pre-tax profit of Rs 12.20 crore in the 2022-23 financial year. The 111-year-old bank has been progressively reducing the non-performing assets (NPA) and for the first time in recent years, reduced the level to 1.37 per cent, a bank release said here on Thursday. The bank has 16 fully computerised branches spread across Dakshina Kannada and Udupi districts. With its operations now confined to the parent districts of Dakshina Kannada and Udupi districts since its inception in 1912, the bank is all set to expand its area of operations to five more districts. The bank has decided to open branches in Uttara Kannada, Shivamogga, Chikkamagaluru, Hassan and Kodagu districts, with the efforts of the team led by chairman Anil Lobo. Lobo said the bank has recorded substantial growth in business and financial parameters in the financial year that ended on March 31, 2023, with

Air conditioning and commercial refrigeration maker Blue Star Ltd on Thursday saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago, Blue Star said in a regulatory filing. Its revenue from operations was up 87.28 per cent at Rs 1,970.32 crore in comparison to a lower base of the pandemic-impacted corresponding quarter. In the year-ago period, Blue Star's revenue from operations was at Rs 1,052.04 crore. "With business and economic activities at 100 per cent normalcy in the first quarter of FY23, the growth momentum witnessed in the fourth quarter of FY22 continued in the first quarter of FY23. After two consecutive summers disrupted by the pandemic, this year witnessed a normal summer without any restrictions," said an earning statement from Blue Star. Consequently, demand for all Blue Star's products and services witnessed an uptick compar

Market leader IndiGo had registered a pre-tax loss of Rs 2,849 crore during the same period

Its operating revenue plunged 51 per cent to Rs 1,297 crores from Rs 2,654 crores last year

The firm's total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period

The first quarter numbers are not comparable year on year and quarter on quarter as they come after the merger (Indian Bank +Allahabad Bank)

During April-June, the firm reported a total income of Rs 6,540 crore as compared to Rs 7,874 crore in the year-ago quarter

Its operating income fell by 48 per cent YoY to Rs 1,027 crore, from Rs 1,974 crore.

High growth visibility in chronics, strong balance sheet will help sustain premium valuation

In the year-ago same period, the company logged a profit of Rs 36.19 crore, a regulatory filing said

The company posted a pre-tax loss of Rs 370 crore, as compared with a profit of Rs 1,853 crore in the year-ago quarter

The lender's net interest income rose 16.4 per cent year on year to Rs 3,309 crore

While revenue for the quarter rose, it was sluggish at Rs 3,050 crore versus Rs 3,000 crore reported a year ago

The consolidated profit after tax for the quarter was down 21 per cent at Rs 704 crore from Rs 887 crore in the same period last year.

Mahindra group firm beat estimates for the June 2020 quarter (Q1FY21) thanks to lower operating costs

Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery