Page 4 - Financial Year

LIC has edge over private insurers: Gains market share in FY23

Top private insurance firms shed 447 bps as national insurer gets aggressive in group biz

Investors react positively to LIC's good showing in second quarter

LIC posted a record rise in the Q2 profit after tax (PAT) to Rs 15,950 crore, up 10x year-on-year (YoY) compared to Rs 1,433.71 crore a year ago

Ashok Leyland posts Rs 199 crore net profit in Q2, revenue up 85% YoY

The company has also achieved a market share of 32 per cent in Q2FY23

Jubilant FoodWorks net rises 10% in July-Sept quarter on high demand

This was owing to uptick in demand across all formats

Godrej Properties net profit up 54% to Rs 55 cr, net income grows 13%

Company says it has added 6 new projects with a total saleable area of 6.34 million sq ft

Birla Corp posts Rs 56.4-crore net loss in Q2, appoints new MD & CEO

The company said profitability was impaired by a sharp increase in power and fuel costs, which could not be passed on to consumers

Near-term growth concerns, further price cuts to cap returns for Marico

Further price cuts, higher advertising costs to weigh on margins

Infy may overtake Cognizant on revenue front after a decade, say analysts

Slow growth rate and execution challenges impact Cognizant Q4 performance

UCO Bank net profit up 145% at Rs 504 cr in July-September quarter

Net NPA reduced to Rs 2,700.29 crore in Q2FY23 from Rs 3,854.33 crore as on Q2FY22 and from Rs 3,103.82 crore as on Q1FY23

Indian Bank Q2 net profit up 12% to Rs 1,225 crore in July-Sept quarter

Public sector major Indian Bank has posted a 12 per cent rise in net profit during the second quarter of the financial year to Rs 1,225 crore,

Mahindra Lifespaces Developers logs net loss of Rs 8 crore in Q2

The company has also set a target of achieving annual residential sales of Rs 2500 crore and annual leasing of Rs 500 cr

NaBFID likely to make first fund commitment this financial year, says MD

It is looking at projects in transmission, energy, solar power and roads; is also eyeing a retail bond issuance

PNB to transfer bad loans worth Rs 20,008 cr from 62 accounts to NARCL

NARCL has been set up by commercial banks to aggregate and consolidate stressed assets for their subsequent resolution

Warehousing biz grows 45% in first 9 months of 2022 amid headwinds: Experts

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

Cholamandalam Investment and Finance posts 7% dip in Q2 net profit

CIFC's total income increased by 22 per cent from Rs 2,481 crore during the second quarter of 2022-23 from Rs 3,038 crore during the same period last financial year

Flipkart India FY22 revenue at Rs 51,176 cr, loss widens 39% to Rs 3,404 cr

The B2B arm of Walmart-owned e-commerce firm Flipkart reported expenses of Rs 54,580 crore, up about 19% over the previous year

Expenditure on India's information commissions has fallen 91% in six years

Since FY17, the budget allocation for information commissions has shrunk by 82.7% from Rs 31.9 crore

Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23

Duty cuts on edible oil, petro products to blame; may not hit overall collection

Flipkart's loss widens 51% to Rs 4,362 cr in FY22 on 36% spike in expenses

The firm spent more on delivering orders as well as on ads and promotions; revenue up 31% to Rs 10,659 cr

Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees

Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr