The Mumbai-based bank reported a net profit of ₹11,746 crore for the quarter ended September 30, compared with ₹10,261 crore a year earlier and the average estimate of ₹10,952 crore by analysts tracked by Bloomberg.
Public offer likely to value Swiggy at $11.2 billion (27-10-2024)
The ₹11,300 crore IPO, among the largest this year in India, is likely to be launched on November 6, and will see as much as ₹6,800 crore in secondary sale through an offer for sale (OFS) with primary capital of ₹4,500 crore coming into the company.
Yes Bank beats forecast with Rs 553-cr Q2 profit (27-10-2024)
Net interest income – the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors – rose 14.3% to ₹2,200 crore, Yes Bank reported Saturday. The bank expects retail loans to pick up in the coming quarters, which will contribute to the margin.
IDFC First Bank’s Q2 profit plummets 73% (27-10-2024)
Provisions tripled to ₹1,732 crore from ₹528 crore a year ago, primarily as the bank increased its provisioning buffer for its microfinance business by ₹315 crore, covering about 99% of its loans due for more than 30 days but which are still not classified as NPA. This provision along with a ₹253 crore hit the bank took on a legacy toll account led to a spike in provisions, impacting profits.
Shilchar Technologies – Power & Distribution Transformers – Sunrise Sector? (27-10-2024)
But as they have said if operating at full capacity they can only achieve as much as 750-800cr of revenue in an year. To get benefitted from this increasing TAM they need to rapidly expand their production capacity, but then they also need to address the fact that this demand may not last forever, so when it actually dries out what are they going to do with the incremental capacity they have added through these years. Many companies depending on the Energy Transition boom are in this stage where they need to address this before deciding how fast they can expand.
Smallcap momentum portfolio (27-10-2024)
@Mudit.Kushalvardhan The current drawdown for me from ATH on this pf is 15.6%. I remain fully invested.
Midcap Momentum Portfolio (27-10-2024)
@Sudhakar_Subramanian I do a fortnightly rebalance of the Midcap pf. I will post my updates on 1st and 16th of every month.
Time technoplast (27-10-2024)
Raising equity for felling strong growth in the value added products might not be a bad idea, however company should not overpay for acquisitions. I would have been more happy with divestitures first and not equity dilutions
IDFC First Bank Limited (27-10-2024)
SMA1 is special mention account 1. Accounts that are 30 days past due
SMA2 are accounts that are 60 days past due