Net profit rose to Rs 3.43 billion ($53.51 million) for its fiscal first quarter ended June 30, from Rs 3.06 billion a year earlier, the New Delhi-based bank said on Wednesday (2 August).
BidaskClub Upgrades Atlas Air Worldwide Holdings (NASDAQ:AAWW) to Buy
The transportation company reported $0.31 EPS for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.01. Finally, SG Americas Securities LLC raised its position in Atlas Air Worldwide Holdings by 0.3% in the first quarter.
Tata Group firm Voltas reported 17.68 percent rise in consolidated net profit at Rs 187.91 crore for the quarter ended June 30, on account of higher income.
While, the bank had kept aside Rs942.73 crore towards bad loans provisioning for June 2016 quarter. This number has improved marginally for June quarter, as the bank posted gross bad loans to total loans percentage at 13.66%, but it still remained higher than 12.53% that it had posted in its March quarter.
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The business had revenue of $836.60 million during the quarter, compared to analysts' expectations of $817.07 million. On July 28 analysts at Loop Capital added the stock to its research portfolio giving it an initial rating of "Hold".
The net NPAs stood at 8.94% as on 31 March, 2017.
On the equity volume front, 21.55 lakh shares of the company were traded on BSE and over 3 crore shares changed hands on NSE during the day.
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Conrad has been super open in recent years about her desire to start a family, so we genuinely couldn't be more thrilled for her. The first-time mom and her newborn son grace the August 14 cover of People , on newsstands Friday.
Income from operations during the quarter under review stood at Rs 1,962.37 crore as against Rs 1,844.81 crore in April-June quarter a year ago.