Reliance Industries: Asia’s richest man Mukesh Ambani-led Reliance Industries Ltd on Friday posted a consolidated web revenue of ₹18,549 crore for the quarter ended 31 December, 2021 (Q3FY22). This is a rise of 41% from ₹13,101 crore reported within the year-ago interval. The oil-retail-telecom conglomerate’s income from operations rose 54% to ₹1.91 lakh crore for the reporting quarter as in comparison with ₹1.23 lakh crore in the identical interval final yr. Reliance Jio Infocomm, the telecom arm of Reliance Industries, reported a web revenue of ₹3,615 crore for the quarter-ended December, 2021, 9.8% greater than ₹3,291 crore in the identical interval within the earlier monetary yr and a pair of.5% greater than ₹3,528 crore within the quarter ended September 2021.
Vodafone Concept: The telecom’s loss widened within the December quarter even because the struggling telecom operator reported greater income and common month-to-month buyer cellphone payments. Loss widened to ₹7,230.9 crore within the three months ended 31 December from ₹7,132.3 crore within the previous quarter, whereas income rose sequentially by 3% to ₹9,717 crore from ₹9,406 crore. Within the year-ago interval, the corporate had reported a lack of ₹4,532 crore on income of ₹10,894.
PNB: Punjab Nationwide Financial institution is trying to promote its stake in Pridhvi Asset Reconstruction and Securitisation Co. Ltd and Nationwide Commodity & Derivatives Change Ltd, or NCDEX, to release capital to develop lending. Whereas PNB owns 10% in Pridhvi ARC, its stake in NCDEX is at 7.29%. The lender needs to rent authorized advisers and different intermediaries to organize the required paperwork and to handle the divestment course of, in accordance with a discover revealed by the financial institution. It mentioned that it may both promote your entire stake or a portion of it by 28 February.
ICICI Financial institution: The financial institution on Saturday reported a standalone web revenue of ₹6,194 crore within the December quarter of FY22, up 25.4% from ₹4,940 crore in the identical interval final yr, owing to greater web curiosity revenue (NII) and decrease provisions. Its web curiosity revenue (NII), the distinction between curiosity earned and curiosity expended, rose 23% year-on-year (y-o-y) to ₹12,236 crore within the Q3 of FY22. Web curiosity margin (NIM), a key measure of profitability, contracted 4 foundation factors (bps) sequentially to three.96%. However, the financial institution’s provisions had been down 27% y-o-y to ₹2,007 crore.
Bandhan Financial institution: The financial institution on Friday reported a 36% rise in web revenue at ₹859 crore for the third quarter ended December 31, 2021. It was ₹633 crore within the year-ago interval. The web curiosity revenue (NII) rose marginally throughout the third quarter to ₹2,125 crore as in opposition to ₹2,072 crore in the identical quarter final yr.
Sure Financial institution: The corporate on Saturday reported a 76.8% yr on yr rise in web revenue at ₹266.4 crore in October-December quarter of FY22 as in comparison with ₹150.7 crore revenue throughout the identical quarter final yr. The non-public lender’s revenue rose 18.2 per cent on quarter on quarter foundation from ₹225 crore, whereas working revenue was up 7.7 per cent on Q-o-Q foundation and down 66.4 per cent on YoY foundation.
IDBI Financial institution: The non-public sector lender on Friday reported a web revenue of ₹578 crore for the three months to December, up 53% from the identical interval final yr owing to greater web curiosity revenue and decrease provisions. The Life Insurance coverage Company-promoted financial institution’s web curiosity revenue (NII) — the distinction between curiosity earned and expended – stood at ₹2,383 crore on the finish of the December quarter, up 31% from the identical interval of FY21. Its web curiosity margin, a key measure of profitability, was at 3.88%, 101 foundation factors (bps) greater on a y-o-y foundation and 86 bps greater sequentially.
SBI Life: SBI Life Insurance coverage on Friday reported a 56% rise in web revenue at ₹364 crore for the third quarter ended 31 December, 2021. It was ₹233 crore in the identical quarter of the earlier fiscal. Nevertheless, complete revenue declined 23% to ₹20,458 crore within the quarter beneath assessment as in opposition to ₹26,551 crore in final yr interval.
JSW Metal: JSW Metal on Friday reported a consolidated web revenue of ₹4,357 crore throughout the third quarter, up 62% over ₹2,681 crore reported within the final yr interval. Income from operations, in the meantime, rose 74% to ₹38,071 crore throughout the reporting interval as in opposition to ₹21,859 crore in the identical quarter final yr. On Friday, JSW Metal scrip closed 2.30% decrease at ₹666.80 apiece on NSE. The corporate reported an working EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation) of ₹9,132 crore throughout the third quarter, with a margin of 24%.
Tanla Platforms: Tanla Platforms Restricted, India’s largest CPaaS supplier, immediately introduced its monetary outcomes for the quarter three of FY’21-22. Its income elevated by 35 per cent year-over-year to ₹8,849 million. Rge Gross revenue elevated by 62 per cent year-over-year to ₹2,610 million. The gross margin was at 29.5 per cent and improved by 486 foundation factors year-over-year.
Supply: Live Mint