Q2 Results
Pharma major Dr Reddy's Laboratories' second quarter consolidated net profit plunged 60.1 percent year-on-year to Rs 309 crore on weak operational performance but sequentially doubled.
India's second largest private sector lender HDFC Bank met analysts' expectations on Tuesday with second quarter profit rising 20.4 percent year-on-year to Rs 3,455.3 crore. Net interest income, other income, operating profit and lower provisions boosted profitability.
Telecom operator Bharti Airtel's consolidated profit during July-September quarter declined marginally to Rs 1,460.7 crore from Rs 1,462 crore in previous quarter but that was far ahead of analysts' estimates on better-than-expected operational performance.
Private sector lender Axis Bank has reported a whopping 83.1 percent degrowth in profit at Rs 319 crore for July-September quarter, dented by big clean-up of bad loans that lifted provisions 5-fold.
Private sector lender Kotak Mahindra Bank has reported a whopping 42.8 percent growth in second quarter standalone profit at Rs 813.3 crore compared with year-ago period. The growth was driven by strong net interest income, other income and operating profit.
India's second largest private sector lender HDFC Bank met analysts' expectations on Tuesday with second quarter profit rising 20.4 percent year-on-year to Rs 3,455.3 crore. Net interest income, other income, operating profit and lower provisions boosted profitability.
Telecom operator Bharti Airtel's consolidated profit during July-September quarter declined marginally to Rs 1,460.7 crore from Rs 1,462 crore in previous quarter but that was far ahead of analysts' estimates on better-than-expected operational performance.
Private sector lender Axis Bank has reported a whopping 83.1 percent degrowth in profit at Rs 319 crore for July-September quarter, dented by big clean-up of bad loans that lifted provisions 5-fold.
Private sector lender Kotak Mahindra Bank has reported a whopping 42.8 percent growth in second quarter standalone profit at Rs 813.3 crore compared with year-ago period. The growth was driven by strong net interest income, other income and operating profit.
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