Stock Corner
1.
Public
sector lender Bank of India has reported first quarter profit growth at 8.4
percent year-on-year despite rising provisions and weakening asset quality,
beating analyst expectations. Profit
during the quarter increased to Rs 95.1 crore compared to Rs 87.7 crore in same
period last fiscal. Strong growth net interest income and tax credit helped the
bank report profit for the quarter but apart from higher provision, lower other
income and operating income restricted profit growth.
2.
Dabur India
has reported a consolidated total income from operations of Rs 2,080.68 crore
and a net profit of Rs 329.22 crore for the quarter ended Jun-2018. For the
quarter ended Jun 2017 the consolidated total income from operations was Rs
1,790.06 crore and net profit was Rs 264.14 crore.
3.
Tata Motors
is expected to post a 93 percent year-on-year decline in its consolidated net
profit for the June quarter because of weak growth in subsidiary Jaguar Land
Rover's sales and declining margins. Tata Motors, which is India's largest
automotive company, gets 90 percent of its net profit from the two iconic
British brands. Jaguar Land Rover's retail (dealer-to-customer) sales grew 5.9
percent on year during the June quarter to 145,510 units.
4.
V-Guard
Industries has reported a standalone total income from operations of Rs 634.89
crore and a net profit of Rs 34.40 crore for the quarter ended Jun-2018. For
the quarter ended Jun 2017 the standalone total income from operations was Rs
559.53 crore and net profit was Rs 23.25 crore.
Missed call
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