Particle.news
Download on the App Store
71 ARTICLES
·
last mo.

India Q3 Results: PSBs Post Steady Gains as Some Private Lenders and NBFCs Falter, Select Non-Financials Advance

Improved asset quality supported state-run banks, and multiple companies noted small one-time employee-benefit charges tied to newly implemented labour codes.

Employees and security staff work at the reception area of Cipla at its headquarters in Mumbai, India June 17, 2015. REUTERS/Danish Siddiqui/File Photo
Image
Image
Image

Overview

  • Indian Bank’s net profit rose 7.33% year-on-year to Rs 3,061 crore with NII up 7.5% and gross NPA at 2.23%, while Bank of India’s profit increased 7.47% to Rs 2,705 crore alongside sharper NPA improvements.
  • Bandhan Bank’s quarterly profit fell 51.7% year-on-year to Rs 205.6 crore as income softened and costs rose, though gross NPAs improved to 3.33% and net NPAs to 0.99%.
  • Shriram Finance reported a 22% year-on-year decline in consolidated net profit to Rs 2,530 crore even as NII grew 16% on AUM expansion, and management signaled plans to push new CV and gold loans.
  • Aditya Birla Sun Life AMC’s profit increased about 20% year-on-year to Rs 269.5 crore as revenue climbed 7.4% and QAAUM rose 20%, with a small labour-code related exceptional charge recorded.
  • Adani Energy Solutions’ revenue grew 15.4% year-on-year to Rs 6,729.65 crore, EBITDA hit a record, and adjusted PAT rose 30% on stronger transmission and smart metering performance.