Jul 18, 2022
By: Bhakti MakwanaThe lender reported a 19 percent growth in the first quarter of FY23 net profit to ₹9,169 crore, from ₹7,729 crore in the same quarter last year. Its total revenues grew by 13 percent to ₹41,560 crore as compared to ₹36,771 crore last year.
Credit: BCCL
The company reported a net profit of ₹156 crore against a loss of ₹186 crore in the year-ago period due to significantly lower claims and provisions due to Covid-19.
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The company reported a multifold jump in consolidated net profit at ₹2,770 crore for June quarter as compared to ₹14.25 crore last year.
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Amid several malfunctions taking place at the airline, a plea has been filed at the Delhi High Court to stop all operations of the airlines.
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The firm posted a 27 percent increase in consolidated net profit at ₹274 crore in June quarter.
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The company has widened its consolidated loss to ₹48.36 crore in June quarter as compared to ₹3.52 crore last year.
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The company will seek shareholders' approval for raising up to ₹2,000 crore through the issuance of non-convertible debentures ( NCDs).
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IndiGo announced the appointment of former SEBI Chairman Meleveetil Damodaran as a non-independent non-executive director.
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Bank Of Maharashtra, Alok Industries, HeidelbergCement India, Nelco, Bhansali Engineering Polymers among companies to report quarterly results.
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