Tag Archives: profit

Bajaj Finance posts 52% rise in Q3 profit, sets aside ₹85 crore for Karvy loan

Consumer durable lender Bajaj Finance on Wednesday reported a 52% year-on-year (y-o-y) rise in consolidated net profit of ₹1,614.11 crore, its highest-ever quarterly profit, on the back of healthy interest income. Bajaj Finance’s interest income surged 39% y-o-y to ₹6,104.84 crore in the December quarter of FY20. The other large component of its revenues was in the form of fees and commission ... Read More »

Mahindra Finance registers 66% fall in consolidated net profit to Rs 108.5 crore

Mahindra and Mahindra Financial Services (Mahindra Finance) has posted a decline of 66 per cent in its consolidated net profit to Rs 108.50 crore in the first quarter ended June 30, the company said on July 23. It had registered a net profit of Rs 322.30 crore in the corresponding quarter of the previous financial year. Total income (consolidated) was, however, ... Read More »

Lenovo Posts First Quarter Profit as Recovery Continues

Chinese technology giant Lenovo Thursday recorded a sharp rise in first-quarter net profit as the company’s turnaround gathered pace. The PC maker posted a $77 million (roughly Rs. 541 crores) net profit in the quarter to June 30 – up from a $72 million loss in the same period last year. “The Group remains confident in its core PC business, and aims to ... Read More »

SRF shares tank 14% as profit falls on finance & depreciation cost, debt increases

Shares of chemicals firm SRF plunged by as much as 14 percent on Friday after the company reported a decline in its March quarter net profit and an increase in its debt. The company’s net profit for the March quarter fell 4 percent year on year to Rs 124 crore, dented by higher finance and depreciation costs. Revenue from operations grew 21.5 percent ... Read More »