Overview
- State Bank of India reported all‑time high standalone profit of Rs 21,028 crore and consolidated profit of Rs 21,317 crore in Q3, with the gross NPA ratio improving to 1.57%.
- Tata Steel’s consolidated net profit jumped to about Rs 2,730 crore on total income of roughly Rs 57,503 crore, with an exceptional labour‑code charge of around Rs 82 crore and India deliveries crossing 6 million tonnes in a quarter.
- Bharti Airtel’s revenue rose 19.6% year‑on‑year to Rs 53,982 crore with ARPU at Rs 259, while outlets reported conflicting consolidated net profit figures as the company booked a sizeable one‑time labour‑code charge.
- Tyre makers logged sharp gains, with MRF’s consolidated net profit rising to Rs 692 crore on revenue of Rs 8,050 crore and JK Tyre’s profit climbing over three‑fold to Rs 208 crore, helped by stronger OE and replacement demand after GST changes.
- NSE posted Q3 PAT of Rs 2,408 crore, down 37% year‑on‑year but up 15% sequentially, and recorded a one‑time gratuity expense tied to labour codes in its first results since receiving Sebi’s IPO nod.