Mumbai, July 22 (IANS) Dr Reddy’s Laboratories on Wednesday reported a 69 per cent year-on-year (YoY) decline in its consolidated net profit for the first quarter of FY27, with earnings taking a hit from lower revenues in its global generics business, declining North America sales and disruptions in semaglutide supplies.According to the company’s regulatory filing with the National Stock Exchange (NSE), net profit attributable to the owners of the company stood at Rs 4,435 crore during the April…
Latest FY27 News & Updates
Mumbai, July 22 (IANS) Bandhan Bank shares plunged more than 15 per cent on Wednesday after the lender trimmed its return‑on‑assets (RoA) outlook, despite reporting a stronger‑than‑expected quarterly profit.The Kolkata‑based bank said it now expects RoA to average 1.2–1.4 per cent by the end of FY27, down 40 basis points from its earlier expectation of 1.6–1.8 per cent.The bank expects a dip in RoA due to narrower net interest margins and higher operating expenses.Bandhan Bank shar…
Ahmedabad, July 21 (IANS) Adani Energy Solutions Limited on Tuesday reported a sharp rise in its first-quarter earnings (Q1 FY27), with consolidated net profit more than doubling on the back of strong growth in revenue from its transmission business.The company reported a consolidated net profit of Rs 1,149 crore for the quarter ended June 30, compared with Rs 513 crore in the corresponding quarter of the previous financial year, according to its stock exchange filing.Consolidated revenue from o…
Mumbai, July 21 (IANS) Arvind Fashions, the Indian retailer behind premium apparel brands including Arrow, Calvin Klein and Tommy Hilfiger, on Tuesday reported a 23.8 per cent decline in consolidated net profit for the first quarter of FY27, as higher costs weighed on earnings despite strong revenue growth.The company’s net profit fell to Rs 9.6 crore in the quarter ended June 30, compared with Rs 12.6 crore in the corresponding quarter of the previous financial year (Q1 FY26), according to its …
Mumbai, July 20 (IANS) Mahindra Group-owned SML Mahindra Limited on Monday reported a 5.1 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 64 crore for the first quarter of FY27.The company had posted a net profit of Rs 67 crore in the corresponding quarter of the previous financial year (Q1 FY26), according to its stock exchange filing.Revenue from operations rose 13.2 per cent year-on-year to Rs 957 crore in the April-June quarter from Rs 846 crore a year ago, it added …
New Delhi, July 18 (IANS) State-owned Punjab National Bank (PNB) on Saturday reported a nearly three-fold year-on-year jump in consolidated net profit to Rs 5,339 crore for the first quarter of FY27.The bank had posted a consolidated net profit of Rs 1,832 crore in the corresponding quarter of the previous financial year. On a sequential basis, net profit rose over 2 per cent from Rs 5,225.12 crore in the March quarter, according to its exchange filing.PNB’s consolidated total income stood at Rs…
Mumbai, July 17 (IANS) Tata Technologies Limited on Friday reported an 11.5 per cent sequential decline in consolidated net profit for the first quarter of FY27.The Tata Motors subsidiary posted a consolidated net profit of Rs 181 crore for the April-June quarter, compared with Rs 204 crore in the January-March quarter, according to its stock exchange filing.Revenue from operations increased 5.9 per cent quarter-on-quarter to Rs 1,665 crore from Rs 1,572 crore in the preceding quarter.The compan…
New Delhi, July 16 (IANS) Shares of ICICI Lombard General Insurance tumbled nearly 15 per cent on Thursday in morning session after the company’s June quarter earnings missed market expectations, with profit hit by higher claims and additional reserve provisions.As of 11:35 am, the stock fell as much as 14.86 per cent to a fresh 52-week low of Rs 1,544.40 on the BSE during early trade.At the last count, it was trading at Rs 1,614.30, a decline of 11 per cent from the previous close of Rs 1,814.T…
Mumbai, July 15 (IANS) Fintech and broking firm Angel One Limited on Wednesday reported a 27.8 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit for the first quarter of FY27 amid lower revenue and a contraction in operating margins.The company posted a consolidated net profit of Rs 231 crore for the April-June quarter, compared with Rs 320 crore in the preceding quarter (Q4 FY26), according to its stock exchange filing.Revenue from operations also declined 2.1 per cent se…
New Delhi, July 14 (IANS) India’s current account deficit for the second quarter of CY26 is tracking around 1.5 per cent of gross domestic product by June-end, a report said on Tuesday.The capital account and the overall balance of payments are likely to remain in deficit for the quarter, the report from HSBC Global Investment Research said.The report forecasted inflation to average nearly 5 per cent in FY27.The debt inflows picked up in June and the external position should improve as non‑r…