DCB Bank Q1 profit up 36% to record ₹213 cr as provisions fall and asset quality improves

Shares of DCB Bank Ltd ended at ₹186.10, down by ₹3.65, or 1.92%, on the BSE.

Shares of DCB Bank Ltd ended at ₹186.10, down by ₹3.65, or 1.92%, on the BSE.

The Murugappa Group company reported a mixed set of June quarter earnings, with revenue, profit and operating performance missing Street estimates despite posting double-digit year-on-year growth. The company also announced a brownfield expansion of its Extra High Voltage (EHV) Gas…

ZF Commercial Vehicle Control Systems reported a decline in first-quarter profit as margin pressure offset revenue growth. The company also appointed Rakesh Mishra as its next CFO.

SBI Life reports 22% net profit jump to ₹725 crore in Q1, driven by strong new business premiums and renewal collections.

PTC Industries has received a development order from Gun Factory Kanpur to design, manufacture and supply two key artillery gun components. The company said the order strengthens its role in India’s defence manufacturing sector and will be completed within nine…

WPIL reported a 53% year-on-year jump in June-quarter profit as revenue rose 32% and margins improved. The stock gained over 3% after the results, even as the company continues to contest its debarment from future Madhya Pradesh Jal Nigam tenders.

Eternal and Swiggy declined on reports of increased competition. In the broader market, GE Vernova, Hero Moto, Hitachi and Amber Enterprises were among the top midcap losers.

HCLTech signed MoUs with Odisha govt for a Global Technology Center and an AI Data Center in Bhubaneswar, investing ₹14,257 crore. The AI center will partner with Sarvam.

Jinesh Joshi, Research Analyst at Prabhudas Lilladher, said the Adani Group’s clarification on its airline entry plans should ease concerns for now, although the policy debate is far from over.

Acuutas Chemicals’ Executive Chairman and Managing Director Naresh Patel reiterated that the company’s revenue growth for the full year will be at 25% and margins will also be stable.