SBI posts Q4 net loss of Rs 7,718 crore on higher bad loans
Business | May 22, 2018 15:22 ISTTotal income during the January-March quarter was up at Rs 68,436.06 crore, from Rs 57,720.07 crore in the same period a year earlier.
Total income during the January-March quarter was up at Rs 68,436.06 crore, from Rs 57,720.07 crore in the same period a year earlier.
The results come against the backdrop of a series of allegations of impropriety in ICICI Bank's extending loans to some companies and enjoying reciprocal benefits by the family members of the lender's CEO Chanda Kochhar.
The state miner said its total expenses during the December quarter stood at Rs 17,873.93 crore, down by 5.4 per cent from Rs 18,907.17 crore in the same quarter of previous fiscal.
The Naresh Goyal-owned private carrier had posted a net profit of Rs 549.02 crore in the same period last fiscal.
IRB Infrastructure, a leading private roads and highways developer, had clocked a net profit of Rs 142 crore in the corresponding quarter last fiscal.
Verticals like manufacturing and financial services, which contribute 60 per cent to HCL's revenue, grew 21.9 per cent and 14.2 per cent respectively.
India's second largest IT outsourcer Infosys suprised analysts posting a net profit of Rs 3,726 crore, an increase of 7 per cent sequentially.
On a standalone basis, the number are worse as net income fell 17 per cent to Rs 1,555.74 crore due to higher tax liabilities coupled with lack of profit on sale of investment
Contrary to analyst expectations of a decline in net profit, Reliance Industries on Friday said its standalone net profit for the first quarter of this financial year was up 18.5 per cent over the corresponding period during the previous financial ye
State Bank of India has reported a 66.35 per cent year-on-year drop in net profit to Rs 1,260 crore for the quarter ending March 31, 2016, down from Rs 3,742 crore recorded in the corresponding quarter in the previous year.
Beijing: China's Lenovo Group, the world's biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first
Chennai: HDFC Bank on Tuesday said it closed the first quarter of the current fiscal with 20.7 percent growth in its net profit.In a statement here, the bank said its after tax profit for the quarter
Paris: Airbus says its net profit soared 59 percent last year as a record-high number of jet deliveries helped offset a 551 million euros end-of-year charge against its delayed A400M military transporter program.The European jet
New Delhi: Dabur India Ltd. (DIL) on Friday said its consolidated net profit for the quarter ending December 31 rose by 16.4 percent to Rs.282.8 crore, up from Rs.242.9 crore for the same timeframe a
Mumbai: Country's largest software exporter TCS today reported a marginal 0.1 per cent slide in its profit at Rs 5,328 crore for the third quarter of this fiscal, but revenues increased by 15 per cent
Bengaluru: Infosys, India's second-largest IT firm, today reported a 13 per cent growth in consolidated net profit to Rs 3,250 crore for the quarter ended December 31, 2014, on higher volume and improved utilisation rates.
Bangalore: Leading watch and jewellery retailer Titan Company Ltd posted Rs.741 crore net profit for the just-concluded fiscal 2013-14, registering a flat growth of 2.2 percent over 2012-13 at Rs.725 crore.Income from sales for the
New Delhi: FMCG major Godrej Consumer Products Limited (GCPL) today reported 29.28 per cent decline in consolidated net profit at Rs 236.28 crore for the quarter ended March 31, 2014, due to exceptional items in
New Delhi: Maruti Suzuki India Ltd, India's largest car maker, today posted a 35.46 per cent decline in net profit at Rs 800.05 crore for the fourth quarter ended December 31, 2014.The company had posted
Chennai: The Mukesh Ambani-led Reliance Industries Ltd (RIL) Friday said it closed fiscal 2013-14 with a net profit of Rs.21.984 crore on a turnover of Rs.401,302 crore, up from a net profit of Rs.21,003 crore
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