Feb 7, 2022By: Rounak Jain
Reported a 158 percent surge in net profit to ₹9,573 crore while revenue jumped 45 percent to ₹60,783 crore, year-on-year.
The state banker reported a net profit of ₹8,432 crore as against ₹5,196 crore a year ago, while net interest income increased to ₹30,687 crore from ₹28,820 crore. Net non-performing assets stood at 1.34 percent.
Reported a net profit of ₹128 crore as against a loss of ₹627 crore a year ago. Revenue surged sharply by 89 percent to ₹9,295 crore.
Losses ballooned to ₹778 crore from ₹536 crore, but revenue saw a jump of 89 percent to ₹1,456 crore, year-on-year.
Its subsidiary Jio Platforms announced the acquisition of a 25 percent stake in AI company, Two Platforms Inc., for $15 million.
IndusInd Bank filed an insolvency petition against the company claiming a default of ₹83 crore.
Net profit fell over 21 percent to ₹492 crore, while revenue edged up 6.8 percent to ₹3,552 crore, year-on-year.
TVS Motor, Nalco, Borosil, Castrol India, Fortis Malar, Indo Count Industries, PB Fintech, Tarsons Products, among others.
Reported a 15 percent decline in net profit to ₹245 crore while revenue increased 12 percent to ₹3,240 crore, year-on-year.