Reliance Industries Quarterly Results Q2 FY22: Profits jumps 43%, Revenue 48%

by Bavadharini KS • October 23, 2021

Reliance Industries, one of the largest Indian conglomerates, reported its second quarterly results on 22nd October 2021. The much-awaited results once again beat all industry estimates as the company recorded impressive growth and profitability.  The consolidated net profit reportedly jumped 43% YoY from Rs.9567 crores reported last year for the September quarter to Rs.13,680 crores […]

Yes Bank Q2 Results FY22

by Revati Krishna • October 22, 2021

Yes Bank beat the market estimates with its performance in the second quarter of FY22. The bank posted a 74% YoY jump in its net profit to Rs. 225 crores in Q2 FY22 compared to Rs. 129 crores in the year-ago period. The sharp spike in the PAT came on the back of a sharp […]

Hindustan Unilever Q2 FY22 Results

by Bavadharini KS • October 19, 2021

FMCG giant Hindustan Unilever reported a 9% YoY increase in its net profit in its second-quarter results. The company’s standalone PAT (net profit) increased to Rs 2,187 crore in the September 2021 quarter from Rs 2,009 crore in the year-ago period. The company also reported a 7% increase in its profit on a sequential basis.  […]

Larsen & Toubro Infotech Quarterly Results Q2 FY22

by Bavadharini KS • October 18, 2021

Leading IT service provider, L&T Infotech announced its second-quarter results with a 20.8% YoY increase in its consolidated net profit. The bottom line was reported to be Rs 551.7 crores at the end of the September 2021 quarter. On a QoQ basis, PAT grew by 11.1% from Rs 496.8 crore in the previous quarter.  Consolidated […]

UltraTech Quarterly Q2 FY22 Results

by Revati Krishna • October 18, 2021

UltraTech Cement, India’s largest cement manufacturer, declared its second quarterly results with a 7.6% year-on-year (YoY) increase in the company’s net profit to Rs. 1,300 crores. On a quarter on quarter (QoQ) basis, however, profit after tax (PAT) for the company fell by 23.8% against a net profit of Rs 1,681 crore in the June […]

D-Mart Q2: Marching ahead, Net Profit doubles 

by Bavadharini KS • October 17, 2021

Promoted by Radhakishan Damani and family, Avenue Supermarts Ltd, the parent company of supermarket retail chain DMart reported its second-quarter earnings on Saturday (October 16, 2021).  The publicly owned company posted an astounding 110% YoY rise in net profits to Rs 417.8 crore in the quarter under review. Net profits stood at Rs 199 crore […]

HDFC Bank Q2: A Strong Show, Net Profit Up 17.5%

by Bavadharini KS • October 17, 2021

The largest private lender, HDFC Bank, has managed to sustain its reputation with a strong show of numbers in its second-quarterly release for the financial year 2021-22. Standalone net profit for the bank came in at Rs 8,834.3 crore in Q2, up 17.6% against Rs 7,513.11 crore in the year-ago period. HDFC bank also reported […]

HCL Technology Quarterly Results Q2 FY22

by Revati Krishna • October 14, 2021

HCL Technologies announced a 4% year-on-year (YoY) growth in consolidated net profit in its Q2 earnings report. It grew from Rs. 3,143 crores to Rs. 3,259 crores YoY. On a sequential (quarter-on-quarter) basis, the net profit grew 1.7% compared. HCL Technologies has also declared an interim dividend of Rs.10/share for the financial year 2021-22. Revenue […]

Infosys Quarterly Results Q2 FY22

by Revati Krishna • October 13, 2021

Infosys reported a consolidated profit of Rs. 5,421 crores for the quarter that ended in September. Daimler deal, broad growth across all verticals and deeper penetration of digitalisation were a few factors that aided an increase of 11.9% year-on-year (y-o-y). This is a 4.4% increase in comparison to Rs.5,195 crores achieved for the June quarter. […]

Wipro Quarterly Results Q2 FY22

by Revati Krishna • October 13, 2021

Wipro announced its results for the second quarter for FY22. The company’s consolidated net profit stood at Rs.2,930.7 crores after a sequential decline of 9.6% on a quarter-on-quarter (QoQ) basis. The company attributed the reduced net profits to increased costs and higher tax outgoes in the quarter. On a year-on-year (YoY) basis, however, the company’s […]

Why is Tata Motors Share on the Rise? Gaining over 18%

by Bavadharini KS • October 13, 2021

Tata Motors share price, one of the largest automakers in the country, surged nearly 18% intra-day today (October 13, 2021) on the back of fresh investments from TPG.  About the investment  The company, on October 12, 2021, had announced that the private equity firm TPG would be investing to the tune of Rs 7,500 crore […]

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Tata Consultancy Services (TCS) Quarterly Results Q2 FY22: Net Profit jumps 29%

by Bavadharini KS • October 11, 2021

Tata Consultancy Services kicked off the earnings season on a high note, however the stock is down 7% today (October 11, 2021). This could mainly due the company’s performance slightly below market expectations and on the back of concerns over supply-side challenges.  On that note, TCS posted its Q2 FY22 results and reported a 29% […]

Maruti Suzuki & Chip Shortage

by Revati Krishna • October 6, 2021

Maruti Suzuki was one of the top car-makers to have reported a slowdown in production due to a global shortage in semiconductor chips. Tata Motors and Mahindra & Mahindra (M&M) are also among the affected car manufacturers.  For instance, Maruti’s Gujarat plant was shut for three consecutive days in August owing to the semiconductor shortage […]

What is Behind Divi’s Laboratories Stock Surge?

by Bavadharini KS • October 4, 2021

Divi’s Lab share price hit a record high of Rs 5,313 per share on the BSE on Monday (October 4, 2021), surging as much as 10% in the intra-day trade.  Here is what is behind the rally. API manufacturing prospects Divi’s Laboratories is among the top manufacturers of API (active pharmaceutical ingredient) in the country. […]

RBI’s New Auto-Debit Rules Effective from October 1

by Bavadharini KS • October 1, 2021

The Reserve Bank of India, the central bank of the country, recently asked all the banks to use additional factor authentication (AFA) for the auto-debit transactions on both debit and credit cards of their customers. This is to protect the interest of the consumers from various fraudulent card-related transactions.  So effective today (October 1, 2021), […]

what is a bad bank

What is a Bad Bank? Will it Help Investors and Depositors? 

by Bavadharini KS • September 30, 2021

Loan default is a problem that is plaguing the banking sector since time immemorial. While stricter checks in the credit quality of borrowers have been put in place, the industry is still witnessing a rise in the level of NPAs. NPAs or non-performing assets is the technical term for loans that are bound to or […]

Indian Overseas Bank out of PCA, Shares Hit 20% Upper Circuit

by Revati Krishna • September 30, 2021

Indian Overseas Bank has been taken out of the Prompt Corrective Action (PCA) framework by the Reserve Bank of India. This was done after RBI carefully studied the bank’s financial performance for the financial year 2020-21 and found that it was not breaching PCA parameters anymore. Following the Indian Overseas Bank news, Central Bank of […]

How will Evergrande Crisis Impact India?

by Revati Krishna • September 22, 2021

Evergrande, a Chinese real estate developer, has recently reported a debt crisis that is creating noise all around the world. The company is now being termed as one of the most indebted real estate developers in the whole world. Given the 2008 recession also began with a real estate crisis in the US, many feared […]

Zee Entertainment Merger With Sony India – Shares Up 31%

by Revati Krishna • September 22, 2021

The stock of Zee Entertainment, one of the largest media and entertainment companies in the market, jumped nearly 20% today on the back of a merger deal with Sony Pictures India. Post-approval from board members and other stakeholders, the shareholders of Sony India will infuse capital of approximately $1.57 billion for achieving higher growth and […]

All you Need to Know About Tokenisation of Cards by RBI

by Revati Krishna • September 16, 2021

To protect the interest of the debit and credit card users for online transactions against fraud, cyber theft and other malpractices, RBI has recently tightened the norms of tokenization which is likely to take effect from January 1 2022. According to the recent circular, no entity in the card transaction or payment chain (other than […]