State Bank of India: The country’s largest lender increased standalone profit by 8% year-on-year to Rs 14,330 crore due to reduced provisions and greater other revenue although pre-provision operating profit fell by 8%.
Interglobe Aviation: IndiGo posted a profit of Rs 188.9 crore for the fiscal quarter ending September FY24, compared to a deficit of Rs 1,583.3 crore the previous corresponding quarter. Revenue from operations rose 19.6% year-on-year to Rs 14,944 crore.
Vedanta: The mining company reported a combined loss of Rs 915 crore for the July-September quarter of FY24, compared to a profit of Rs 2,687 crore in the same quarter of the previous year. Consolidated revenue from operations grew by 6% year-on-year to Rs 38,546 crore in Q2FY24, owing to greater sales volume, beneficial exchange rate movement, and favourable arbitration awards.
Adani Ports & SEZ: The Adani Group firm increased cargo volumes by 27% year-on-year in October 2023 and is aiming for a 200 MMT cargo volume milestone in FY25.
Larsen & Toubro: Subsidiary L&T Infrastructure Development Projects (L&T IDPL) has entered into a share purchase agreement for the sale of its entire shareholding in Interise Investment Managers, a wholly owned subsidiary of L&T IDPL, for Rs 103.86 crore with CPPIB India, Allianz Infrastructure Luxembourg II S R L, and 2726247 Ontario Inc.
JSW Infrastructure: The JSW Group firm increased its consolidated profit by 89% year-on-year to Rs 254.4 crore for the fiscal quarter ending September FY24. During the same time, revenue from operations climbed by 28.1% to Rs 848.3 crore.
Bharti Airtel: The telecom operator has signed a share purchase agreement (SPA) with Manipura Digital Infrastructure Opco Pte Ltd for the transfer of its entire stake in Firefly Networks for a consideration of Rs 6.05 crore. Firefly will cease to be a joint venture of the company, upon completion of this transfer.
JK Cement: The cement firm has reported a consolidated profit of Rs 178.1 crore for the quarter ended September FY24, gaining 58.5% over a year-ago period, underpinned by robust operating performance. Consolidated revenue from operations climbed by 23% to Rs 2,753 crore compared to the year-ago time.
Bank of Baroda: Despite a surge in provisions, the public sector lender’s standalone net profit increased by 28.4 percent year on year to Rs 4,253 crore for the July-September quarter of FY24, led by solid other income and pre-provision operational profit.
Bank of India: The public sector lender reported a standalone profit of Rs 1,458 crore for the fiscal quarter ending September FY24, up 52% from the previous year. Net interest income increased by 13% year on year to Rs 5,740 crore for the quarter, with deposits increasing by 8.68% and advances increasing by 10%.
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