Tag: YoY

Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA

Staying with the growth momentum, automobile retail sales in July posted a 10 per cent year-on-year increase, with 1.77 million units sold. Three-wheelers took the lead with a record growth of 74 per cent, according to the Federation of Automobile Dealers’ Associations (FADA). However, sales declined by 5 per cent month-on-month (m-o-m) mainly due… Continue reading Auto retail sales up 10% in July y-o-y; three-wheelers at record pace: FADA

Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data

Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year basis in the first three months of the current fiscal, according to Reserve Bank data. Players in the MSME sector, the backbone of domestic industry and largest employer, said risk averseness makes banks reluctant to provide loans to… Continue reading Bank credit growth to MSMEs decelerates on y-o-y in Q1, finds RBI data

Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY

State Bank of India (SBI)’s standalone net profit more-than-doubled to Rs 16,884.29 crore in the June quarter (Q1) of financial year 2023-24 (FY24), driven primarily by higher net interest income (NII) and better loan growth.   Its net profit was Rs 6,068.1 crore in the corresponding quarter of the previous fiscal (Q1FY23).  … Continue reading Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY

Consolidated net profit up 56% YoY to Rs 3,683 cr

The consolidated net profit of Mahindra & Mahindra (M&M) Limited for the first quarter of the current financial year (Q1FY24) saw a rise of 56.04 per cent to Rs 3,683.87 crore, compared to Rs 2,360.70 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net… Continue reading Consolidated net profit up 56% YoY to Rs 3,683 cr

LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%

LIC Housing Finance Ltd reported a 43 per cent year-on-year (Y-o-Y) increase in net profit, reaching Rs 1,323.66 crore for the first quarter ending June 2023 (Q1FY24). The company attributed this growth to a strong performance in net interest income (NII) and improved margins. LIC’s NII for the reported quarter escalated by 39… Continue reading LIC HFC Q1 net profit rises 43% YoY at Rs 1,323.6 crore; NII up 39%

Consolidated net profit jumps 376% YoY to Rs 588 crore

The consolidated net profit of MRF Limited for the first quarter of the current financial year (Q1YFY24) saw a rise of 376.3 per cent to Rs 588.75 crore, compared to Rs 123.60 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit was up… Continue reading Consolidated net profit jumps 376% YoY to Rs 588 crore

Analysts see profit surging up to 169% YoY; here’s why

State Bank of India (SBI) Q1FY24 results preview: State Bank of India (SBI)’s April-June quarter (Q1) net profit may decline up to 18 per cent on a sequential basis as the country’s biggest government-owned lender may create higher provisions and record muted operational performance during the quarter, analysts said. The net profit estimates… Continue reading Analysts see profit surging up to 169% YoY; here’s why