Tag: quarterly result

SBI Q4 result: Net profit rises 41% YoY

Friday, May 13, 2022
The country’s biggest state-owned lender State Bank of India on Friday reported a 41.27 percent jump in standalone net profit for the quarter ending March at Rs 9,113.53 crore, up from Rs 6,450.75 crore in the same quarter a year ago, which was below Street's estimate of Rs 9,927.6 crore. The lender also announced a dividend of Rs 7.10 per share. The date of payment of the Dividend is fixed on June 10, 2022. SBI's profit grew 8 percent from Rs 8,432 crore in Q3FY22, driven primarily by a healthy increase in net interest income (NII).SBI's net interest income for the reported quarter came in at Rs 31,198 crore as against analysts' expectations of Rs 31,800 crore. This is 15.26 percent higher than Rs 27,067 crore the company announced last year. Read more

Sunpharma Q3 profit up 11 percent

Monday, January 31, 2022
Shares of Sun Pharmaceutical Industries Ltd gained 2.5 percent on January 31 after the company reported an 11% rise in its consolidated net profit to Rs 2,058.80 crore in the December quarter. The pharma major had reported a net profit of ₹1,852 crores in the December quarter of last year. Consolidated net sales for the quarter increased 11.41% from a year ago to Rs 9,814.17 crore. Total cost advanced 12% to Rs 7,829.38 crore. The company's board has also declared an interim dividend of ₹7 for the financial year ending on March 31, 2022. Operating EBITDA margin declined sharply to 17.12% in the quarter from 20.43% a quarter ago and 20.97% a year ago. The sale of formulations in the domestic market during the third quarter was at ₹3,167 crores, up by 15% over last year and accounting for 32% of total sales. Read more

SBI Q2 profits jumps 67 percent to ₹ 7,627 Crore

Wednesday, November 3, 2021
The country’s largest lender State Bank of India (SBI) on Wednesday reported a 67 percent year-on-year (YoY) jump in net profit at Rs 7,627 crore in the July-September quarter (Q2FY22), with easing asset quality pressure and fall in provisions & credit cost.SBI's net profit in the second quarter of the current financial year jumped 67 percent to ₹ 7,627 crores from ₹ 4,574.16 crores during the same quarter last year. The bank's earnings were better than estimates as analysts polled by Reuters expected SBI to report a net profit of ₹ 7,182 crores.Net interest income of the lender jumped 10.6 percent YoY to Rs 31,184 crore during the quarter under review. The domestic net interest margin of the lender stood at 3.50 percent in Q2FY22, up 16 bps YoY.SBI has incurred an exceptional item during the second quarter after it fully provisioned ₹7,418 crores on account of a change in family pension rules, even as the regulator granted dispensation to amortize in 5 years. Read more

Sun Pharma Q2 Results : Profit Rises 13% In September

Tuesday, November 2, 2021
Shares of the country's leading drug maker - Sun Pharma on Tuesday reported a 13 percent year-on-year (YoY) rise in consolidated net profit to Rs 2,047 crore, compared to Rs 1,813 crore reported in the same quarter in 2020. which was sharply above analysts’ expectations. Strong operating performance and healthy revenue growth supported the bottom line during the quarter. Analysts had expected the company to report a consolidated net profit of Rs 1,698.7 crore and revenues of Rs 9,443.4 crore for the reported quarter. Consolidated revenue came in higher at Rs 9,626 crore for the quarter, compared to Rs 8,553 crore in September 2020 quarter, registering a 12.5 percent growth. Sun Pharma's India sales jumped 26 percent to ₹ 3,187 crores while its sales in the US came in at $361 million, up 8 percent annually. Sun Pharma's EBITDA also known as operating profit came in at ₹ 2,560.8 crores, up 21 percent over Q2 last year, with a resulting EBITDA margin of 26.8 percent. Read more

Bata India gains 5 percent, Q1 loss narrows to Rs 69 crores

Thursday, August 12, 2021
Footwear maker's Bata India shares gained 5 percent and hit a 52-week high of Rs 1754.80 on the BSE in intra-day session on Thursday after the company reported narrowing of consolidated net loss to Rs 69.47 crore for the first quarter ended June 30, 2021. The company had posted a net loss of Rs 100.88 crore for the same period of 2020-21, Bata India said in a BSE filing. The firm’s operating revenue grew 98 percent to Rs 267 crore on a low base of Rs 135 crore that it has reported in the year-ago period. While revenues have almost doubled year-on-year to Rs 267.04 crore, helped by a favorable base, sales are still 70% lower than Q1FY20. "Sales across retail outlets remained largely subdued, owing to the second wave of COVID-19 infections and ensuing lockdowns. However, sales through e-commerce platforms continued to remain robust and witnessed an uptick despite the restrictions," Total expenses were higher at Rs 371.61 crore as compared with Rs 321.85 crore in the year-ago period. Read more

Coal India quarterly result

Tuesday, August 10, 2021
The country's largest coal mining company, Coal India reported a 52.4 percent year-on-year rise in consolidated net profit to Rs 3,174 crore for the quarter ended June, which was below analysts’ expectations. Profit was estimated at Rs 3,805 crore on revenue of Rs 24,400 crore for the June quarter, according to the average estimates of analysts polled by CNBC. It was Rs 2,080 crore in the year-ago period. Consolidated revenue from operations increased 36.8 percent year-on-year to Rs 25,282.1 crore in Q1FY22, with offtake (raw coal) rising sharply by 32.8 percent YoY to 160.44 million tonnes. The company also saw a sharp rise in expenses during the quarter led by raw material costs. Coal India’s consolidated total expenses in the reported quarter jumped 31.3 percent on year to Rs 21,626.5 crore. The state-owned coal mining firm produced 123.98 million tonnes of raw coal in Q1FY22, increasing compared to 121.04 million tonnes of production in the corresponding period last fiscal. Read more

MARKET UPDATE: Sensex zoomed 510 points to quote at 54,333 levels and Nifty at 16,270 levels, up 130 points

Wednesday, August 4, 2021
Factors like ample liquidity, solid earnings by India Inc, and a conducive global mood fired up stocks on Dalal Street today(4th August 2021) with benchmarks claiming fresh record peaks for the second consecutive day. The frontline BSE Sensex zoomed 510 points to quote at 54,333 levels after hitting a new peak of 54,340.5-mark in early deals. Its NSE counterpart, on the other hand, traded at 16,270 levels, up 130 points. In the intra-day session, it hit a new peak of 16,271. In the broader markets, the BSE MidCap and SmallCap indices also claimed new lifetime highs, adding 0.3 percent and 0.6 percent, respectively. About 70 companies, including State Bank of India, Titan Company, Godrej Consumer Products, HPCL, and PNB Housing Finance, that are slated to report their June quarterly result. Read more

MARKET UPDATE: Indian markets resumed their uptrend; Sensex gained 238 points, to quote at 52,681 and Nifty at 15,780 levels, up 81 points

Thursday, July 29, 2021
Indian markets resumed their uptrend today (29th July 2021) after three days of a selloff as global mood stabilised post favourable US Fed meet outcome. Besides, reports that the Chinese Securities regulator has stepped in to assuage investor concerns over tech crackdown supported sentiment. The S&P BSE Sensex gained 238 points, or 0.45 percent, to quote at 52,681. levels in early deals, led by HCL Tech, Bharti Airtel, Tech M, Asian Paints, and Titan.It's NSE counterpart Nifty 50, meanwhile, held above the 15,750-mark at 15,780 levels, up 81 points. The BSE Mid- and SmallCap indices too added 0.54 percent and 0.65 percent, respectively. More than 90 companies, including Tech Mahindra, TVS Motors, Future Retail, Lauras Labs, PVR, Raymond, Stove Kraft, and Union Bank will announce their quarterly numbers today.

MARKET UPDATE: Sensex slipped 85 points at 52,752 levels and Nifty tested 15,750-mark, down 49 points

Friday, July 23, 2021
Indian equity markets erased gains and traded 0.3 percent lower in morning deals today(23rd July 2021). After a positive start, the S&P BSE Sensex slipped 85 points at 52,752 levels while the broader Nifty50 tested 15,750-mark, down 49 points. The broader markets, meanwhile, were mixed. Sectorally, all except the Nifty IT and Pharma indices were in the red, led by the Nifty Realty and Bank indices, down 0.5 percent and 0.3 percent, respectively. Forty-one companies, including RIL, JSW Steel, SBI Card, YES Bank, and Federal Bank will report their quarterly numbers today. Analysts expect improvement in RIL's energy margins on the back of a pickup in global demand to support the consolidated performance of Reliance Industries in the first quarter. However, the gains are also expected to be offset by the challenges in the retail and petrochemicals businesses, and a flattish show in telecom.

MARKET UPDATE: Sensex traded at 53,215 levels, up 56 points and Nifty at 15,949 levels, up 25 points

Friday, July 16, 2021
Indian equity markets sustained their uptrend today(16th July 2021) despite the weak global trends and the benchmark indices hitting a new record high in intra-day deals. The S&P BSE Sensex traded at 53,215 levels, up 56 points or 0.11 percent while the Nifty50 was at 15,949 levels, up 25 points. In the intra-day trade, the indices touched new lifetime highs of 53,291 and15,962.25, respectively. The BSE MidCap and SmallCap indices advanced 0.11 percent and 0.38 percent in the broader market, respectively. Read more

MARKET UPDATE:Sensex traded flat around the 53,000-mark and Nifty topped the 15,900-mark

Monday, June 28, 2021
The markets in India traded flat with a positive bias in early deals today (28th June 2021)amid cautious trade in Asian markets. The S&P BSE Sensex traded around the 53,000-mark and the Nifty50 index topped the 15,900-mark. Dr. Reddy's, NTPC, and Asian Paints were the top Sensex gainers, while Titan and TCS were the top drags. Majority of the Nifty sectoral indices traded in the green, led by the Nifty PSU Bank index, up 1.8 percent. The S&P BSE MidCap and SmallCap indices were up 0.1 percent and 0.4 percent in the broader markets, respectively. Dodla Dairy and Krishna Institute of Medical Sciences will list on the bourses today The two IPOs that ran between June 16-18 were subscribed 46 times and 4 times, respectively. Around 300 companies are slated to post their quarterly numbers today including NALCO, Future Lifestyle, Zee Media, GIC Housing Finance, and NLC India. Read more

MARKET UPDATE:Sensex up 250 points at 52,560 levels and Nifty topped the 15,750-mark

Thursday, June 24, 2021
The Indian benchmark indices traded nearly half a percent higher in early deals today (24th June 2021) ahead of 44th Reliance Industries AGM and the monthly F&O expiry. The S&P BSE Sensex was up 250 points, or 0.5 percent, at 52,560 levels and the Nifty50 index topped the 15,750-mark. TCS, Infosys, and Tata Steel were the top Sensex gainers, while Bajaj Auto and NTPC were the top laggards. Majority of the Nifty sectoral indices traded in the green, led by the Nifty IT index, up 0.9 percent. The S&P BSE MidCap index was flat in the broader markets while the SmallCap index ticked up 0.3 percent. The shares of Shyam Metalics and Sona Comstar are slated to list on the bourses today. A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing, suggest grey market trends. Read more

MARKET UPDATE:Sensex hovered around 52,160 levels and Nifty near the 15,700-mark

Monday, June 7, 2021
The markets in India fluctuated between gains and losses in early deals today(7th June 2021), amid positive global cues. The S&P BSE Sensex hovered around 52,160 levels and the Nifty50 index near the 15,700-mark. Bajaj Finance fell over 3 per cent and was the top Sensex laggard, followed by Bajaj Finserv (down 2%). On the other hand, ONGC ticked up over 1 per cent. All the Nifty sectoral indices, except Nifty Financial Services, were painted green, led by Nifty PSU Bank index, up 1 per cent. Thirty-one companies which includ Union Bank of India, Central Bank of India, Mrs Bectors Food Specialities, Jubilant Ingrevia and MRF are slated to post their quarterly numbers today.

MARKET UPDATE:Sensex gained 320 points at 52,170 levels, and Nifty topped the 15,650-mark

Thursday, June 3, 2021
The markets in India edged higher in early deals today(3rd June 2021), up half a percent, tracking similar cues from other Asian markets. The S&P BSE Sensex gained 320 points at 52,170 levels, and the Nifty50 index topped the 15,650-mark. Titan rose 4 percent and was the top Sensex gainer, followed by Reliance Industries (up 2%). The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 1 percent. In the broader markets, the S&P BSE MidCap and SmallCap indexes ruled 0.7 percent and 0.9 percent higher, respectively. Twenty-nine companies, including GSPL, Arvind Fashions, and APL Apollo Tubes, are slated to announce their quarterly results today.

MARKET UPDATE:Fluctuating market;Sensex traded around 51,440 levels and Nifty traded below the 15,450-mark

Monday, May 31, 2021
The benchmark indices in India fluctuated between gains and losses in early deals today(31st May 2021), amid weak cues from other Asian markets. Among the headline indices, the S&P BSE Sensex traded around 51,440 levels. The index slid to as low as 51,180 in intra-day deals. The broader Nifty50 index, meanwhile, traded below the 15,450-mark. Mahindra & Mahindra fell 6 percent and was the top Sensex laggard. On the other hand, ITC rose 2 percent. The Nifty sectoral indices were mixed, with the Nifty Auto index, down 1 percent, being the top laggard. In the broader markets, the S&P BSE MidCap index was flat while the SmallCap index rose 0.36 percent. Seventy-nine companies slated to post their quarterly numbers today which include Aurobindo Pharma, Chemical Speciality Chemicals, Astron Paper & Board Mill, Jamna Auto Industries, and Uttam Galva Steels.

Sensex up 150 points at 50,830 levels and Nifty testing the 15,300-mark

Tuesday, May 25, 2021
The markets in India climbed off their early highs but were still trading in the green in morning deals today(25th May 2021). The S&P BSE Sensex was up 150 points at 50,830 levels, while the broader Nifty50 index was testing the 15,300-mark. ONGC, Titan, Mahindra & Mahindra, Nestle, and HDFC gained 1 percent, each, and were the top Sensex gainers. The Nifty sectoral indices were painted mixed, with the gainers led by the Nifty Metal index, up 2 percent. The broader markets outperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indexes trading 0.6 percent and 0.7 percent higher, respectively. Sixty-eight companies, including Emami, VIP, Ajmera Realty & Infra India, Alkem Laboratories, and AstraZeneca Pharma India are set to announce their quarterly results today.

SBI Q3 result:Profit Jumps 41%

Friday, January 31, 2020
One of the largest lender State Bank of India announced its quarterly results today with a 41% increase in profits at Rs 5,583.4 crore compared to Rs 3954.81 crores in the corresponding period of the previous year as the Provisions for bad loans fell sharply by 25.8 per cent sequentially to Rs 8,193.06 crore.