SBI General Insurance reported a 591% growth in profit after tax at Rs 414 crore for H1FY25. The overall business showed strong growth with GWP growing at 16.1%. The solvency ratio stood at 2.26 times. In H1 FY25, the company’s growth was primarily driven by strong performance in the Motor, Health, Engineering and Marine Cargo segments.
Posts in category Economic Times
Persistent Systems Q2 results: PAT jumps 23% YoY to Rs 325 crore, revenue up by 20% (22-10-2024)
Persistent Systems reported a 23.4% jump in PAT to Rs 325 crore and a 20% YoY increase in revenue. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore. Persistent Systems posted an EBITDA of Rs 480.73 crore for the reporting period, up by 18.7% YoY, while the EBITDA margin was reported at 16.6%.
Share market update: Most active stocks in today’s market in terms of volume (22-10-2024)
The NSE Nifty index closed 309.0 points down at 24472.1
Mazagon Dock approves 1:2 stock split, Rs 23.19 dividend (22-10-2024)
To comply with DIPAM guidelines on capital restructuring, encourage greater participation from small investors, and improve the liquidity of its equity shares in the market, the company has decided to implement a stock split.
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (22-10-2024)
Diffusion Engineers, Unichem Labs, Tirupati Forge, Tainwala Chem and Creative Eye, hit their fresh 52-week highs during the day.
Jana Small Finance Bank shares plunge 11% after Q2 net profit drops 21% YoY (22-10-2024)
The bank’s non-performing assets ratio increased to 2.97% at the end of the September quarter, up from 2.44% a year earlier. It allocated a higher provision of Rs 210 crore for the quarter, compared to Rs 160 crore in the same period last year, which contributed to the decline in net profit.
Share market update: Most active stocks of the day in terms of traded value (22-10-2024)
The NSE Nifty index closed 309.0 points down at 24472.1
Gainers & Losers: Varun Beverages, Paytm among 6 stocks that hogged limelight on Tuesday (22-10-2024)
Indian benchmark indices fell sharply on Tuesday, with the Sensex dropping over 900 points and the Nifty closing 309 points lower, pressured by weak earnings and persistent foreign selling.
Stock market update: Nifty Bank index falls 1.36% (22-10-2024)
The Nifty Bank index closed 1.36 per cent down at 51257.15.
Rupee slips to all-time low on weak Asia FX, likely outflows (22-10-2024)
Asian currencies were down between 0.1% to 0.4% while the dollar index was at 103.9, hovering close to its highest level in two months.