Kalpataru pre-sales jump 41% to ₹4,531 cr in FY25 on better housing demand
Kalpataru Ltd reports 41% growth in pre-sales to ₹4,531 crore in FY25, driven by high residential demand. Net profit of ₹21.62 crore marks a turnaround.
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Sona Comstar forms joint venture with China’s JNT to manufacture driveline systems
Sona BLW (Sona Comstar) has entered a joint venture with China’s Jinnaite Machinery (JNT) to manufacture and supply driveline systems for global and Chinese automotive OEMs. Sona will hold a 60% stake with $12 million investment; CNBC-TV18 Newsbreak Confirmed.
NLC India’s renewable arm NIRL to raise ₹4,000 Cr via IPO by FY27: CMD
NLC India Ltd, which will invest ₹50,000 to ₹60,000 crore to increase its renewable energy capacity by almost seven times, plans to do it through equity and debt.
Stocks to Watch on July 21: HDFC Bank, ICICI Bank, Reliance Industries and more
Indian markets saw robust earnings momentum led by Reliance Industries, which posted a 76% YoY profit jump aided by consumer growth and stake divestment gains. Banks dominated the spotlight—HDFC Bank, ICICI Bank, and Yes Bank all beat estimates, while RBL…
Trade Setup for July 21: Nifty trajectory on Monday to be determined by RIL, HDFC Bank and ICICI Bank shares
According to analysts, a slide below 24,900 could open the door to further weakness towards 24,500 in the week ahead.
Q1 Results: Here’s how HDFC Bank, ICICI Bank and peers fared this quarter
Multiple banks reported their June quarter results today. HDFC Bank, ICICI Bank, Yes Bank, RBL Bank and many others. Here’s a look at the quarter gone by for these lenders
AU Small Finance Bank Q1 Results: Core income grows by 6%, asset quality deteriorates
On the asset quality front, the lender reported a deterioration on a sequential basis. Gross non-performing assets (GNPA) rose to ₹2,751.3 crore, compared to ₹2,477 crore in the previous quarter, with the GNPA ratio increasing to 2.47% from 2.28%.
Central Bank of India Q1 Results: PSU lender reports drop in core income but slippages moderate
Central Bank of India had recently raised ₹1,500 crore through a Qualified Institutional Placement (QIP), where Life Insurance Corporation (LIC) invested a sum of ₹238 crore.
JK Cement profit jumps 75% in Q1, expands capacity across key markets
Operating profit also showed robust growth, with EBITDA rising 41.4% to ₹687.6 crore from ₹486.3 crore a year ago. Margins improved to 20.5%, up from 17.3% in the corresponding quarter last year.
ICICI Bank management sees margin compression in the September quarter
ICICI Bank reported its June quarter results on Saturday, July 19, where its core income and profitability increased on a year-on-year basis and were also higher in comparison to expectations from the CNBC-TV18 poll.