Wednesday, March 12

Tag: q2 results

Net profit declines 10% to Rs 181 cr, revenue up 16%
19Oct By adminNo Comments
Business

Net profit declines 10% to Rs 181 cr, revenue up 16%

IT company Coforge on Thursday posted a 10 per cent year-on-year decline in consolidated net profit for the September quarter at Rs 181 crore, partly on account of a one-time increase in ESOP costs. The IT solutions company reaffirmed its 2023-24 revenue growth guidance of 13-16 per cent. Consolidated Profit After Tax (PAT) for the second quarter of the current fiscal was at Rs 181 crore, 10 per cent lower than the year-ago period. However, the PAT for the quarter was 9.5 per cent higher when compared sequentially. The net profit (attributable to owners) was Rs 201.1 crore in the year-ago period. Revenue from operations came in at Rs 2,276.2 crore in the quarter under review, rising over 16 per cent from Rs 1,959.4 crore in the corresponding period of th...
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Net profit slumps at Rs 2.7 crore on weak demand
18Oct By adminNo Comments
Business

Net profit slumps at Rs 2.7 crore on weak demand

Retail chain Shoppers Stop on Wednesday reported a decline of 83.14 per cent in consolidated net profit at Rs 2.73 crore in the second quarter ended September 30, on muted demand in the apparel business and offset by growth in non-apparel business. The company had posted a net profit of Rs 16.20 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Its revenue from operations during the first quarter of this fiscal was at Rs 1,039.12 crore, up 2.6 per cent against Rs 1,012.74 crore in the year-ago period. The total expenses in the September quarter were at Rs 1,041.31 crore, up 5 per cent. "Shoppers Stop reported impressive financial results, despite challenging market conditions and shifting of Pujo from Q2 to Q3 this...
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HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details
16Oct By adminNo Comments
Business

HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details

HDFC Bank has declared its Q2 financial results.HDFC Bank Q2 Results: Its net interest income during the September 2023 quarter stands at Rs 27,385 croreHDFC Bank, India’s largest private sector bank, on Monday reported a 50 per cent year-on-year jump in its net profit to Rs 15,976.11 crore for the July-September 2023 quarter. It is the first financial result since the merger with Housing Development Finance Corporation (HDFC).On a quarter-on-quarter basis, net profit rose 33.7 per cent. The bank’s gross non-performing assets (NPA) deteriorated to 1.34 per cent in the reporting quarter.HDFC Bank’s net interest income — interest earned less interest expended — jumped 30.3 per cent to Rs 27,385 crore during the quarter ended September 30, 2023. It had stood at Rs 21,021 crore, according to ...
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Gift Nifty quotes near 19,850; Brent Crude dips to $85
12Oct By adminNo Comments
Business

Gift Nifty quotes near 19,850; Brent Crude dips to $85

Stock market updates on October 12, 2023: IT stocks led by TCS and Infosys are likely to guide the market sentiment on Thursday. That apart, Nifty weekly options expiry could add to the day's volatility. Further, inflation rate for September; industrial production and manufacturing data for August are scheduled to be announced later in the day. After market hours on Wednesday, TCS reported its September quarter results wherein the IT major missed its Q2FY24 estimates and hinted towards slow growth prospects in the rest of the financial year. The company has announced Rs 17,000 crore share buyback, at Rs 4,150 per share. READ MORE At 07:00 AM, Gift Nifty futures quoted at 19,844, suggesting a likely flat start to the day's trade. Overnight, the US market recoupe...
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