Stock Corner
1.
IDBI Bank
reported a wider net loss of Rs 2,409.90 crore for the first quarter ending
June 2018. The loss widened from Rs 853 crore registered in the same quarter a
year ago, due to a jump in non-performing assets (NPAs) and provisions. In the
fourth quarter ending March 2018, the net loss stood at Rs 5,663 crore.
2.
Rajesh
Exports, the world's largest gold refiner, today reported 34.43 per cent jump
in consolidated net profit to Rs 399.1 crore for the quarter ended June 30,
2018. Net profit in the year-ago period stood at Rs 296.8 crore Total income
declined to Rs 43,926.7 crore from Rs 50,408.2 crore in the year-ago period.
Expenses however remained lower at Rs 43,535.7 crore as against Rs 50,116 crore
in the said period.
3.
Sun Pharma
reported a consolidated net profit of Rs 982.8 crore in the first quarter ended
June, beating analysts' estimates on strong India and US sales. In the same
quarter last year, the largest drugmaker in India had reported a net loss of Rs
423 crore. Profit in that quarter was adversely impacted by the settlement with
certain plaintiffs related to the Modafinil antitrust litigation in the US,
with the settlement amounting to Rs 951 crores.
4.
State-owned
Allahabad Bank today reported a net loss of Rs 1,944.37 crore in the first
quarter ended June due to higher provisioning for bad loans. The bank had
registered a net profit of Rs 28.84 crore in the corresponding April-June
period of 2017-18. Total income of the bank also fell to Rs 4,794.04 crore as
against Rs 4,968.57 crore mainly owing to fall in income from other sources.
Missed call
@8817002233,WHATSAPP NO. 8602780449
Mail Us =
starindiamarket@gmail.com
No comments:
Post a Comment