Indian Bank net profit jumps 55% to `2,247 cr
New Delhi: Public sector lender Indian Bank reported a 55 per cent jump in net profit at Rs 2,247 crore in March quarter of 2023-24. The bank had a net profit of Rs 1,447 crore in March quarter of the preceding fiscal. Total income increased to Rs 16,887 crore in March quarter of FY24, from Rs 14,238 crore in the fourth quarter of FY23. Net Interest Income (NII) increased by 9 per cent YoY to Rs 6,015 crore in March quarter of FY24, from Rs 5,508 crore in March quarter of FY23.
Arvind profit rises 7.32% at `104.42 cr
New Delhi: Textiles manufacturer Arvind Ltd on Monday reported a 7.32 per cent rise in consolidated net profit at Rs 104.42 crore in the fourth quarter ended March 31, 2024. The company had posted a net profit of Rs 97.3 crore in the same quarter of the previous fiscal, Arvind Ltd said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 2,074.51 crore as against Rs 1,880.76 crore in the corresponding period a year ago, it added.
CG Power and Industrial Solutions profit dips 10%
New Delhi: CG Power and Industrial Solutions on Monday reported 10 per cent dip in consolidated net profit to Rs 234 crore for March quarter FY24, mainly due to higher expenses. Its net profit (from continuing operations) was Rs 260 crore in the quarter ended March 31, 2023, a regulatory filing said. Total income rose to Rs 2,239.83 crore from Rs 1,917.05 crore in the year-ago period. Total expenses also surged to Rs 1,932.80 crore from Rs 1,654.63 crore in the same period a year ago.
Marico net profit rises 4.9% to `320 cr
New Delhi: Homegrown FMCG major Marico Ltd on Monday reported a 4.9 per cent rise in consolidated net profit to Rs 320 crore in the fourth quarter ended March 2024.
The company had posted a consolidated net profit of Rs 305 crore in the same quarter previous fiscal, Marico said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 2,278 crore as against Rs 2,240 crore in the year-ago period. Total expenses in the fourth quarter were lower at Rs 1,894 crore compared to Rs 1,907 crore a year ago, the company said.
Route Mobile profit falls 9% to `95 cr
New Delhi: Enterprise communication firm Route Mobile on Monday posted 8.5 per cent decline in consolidated net profit at Rs 95.16 crore for the fourth quarter ended March 31, 2024.
