Yes Banks Q1 net jumps 30.5% to Rs 1,260.36 cr
New Delhi: Private sector lender Yes Bank’s net profit jumped 30.5% to Rs 1,260.36 crore for the quarter ended on June 30, 2018, on the account of higher income. The bank had reported a net profit of Rs 965.52 crore in the same quarter of last fiscal. Total income of the bank jumped to Rs 8,272.18 crore in the April-June quarter, up 42.96% from Rs 5,785.96 crore in the same quarter of 2017-18, Yes Bank said in a regulatory filing. Provisions for bad loans and contingencies, however, more than doubled to Rs 625.65 crore in the June quarter from Rs 285.78 crore in the year ago period.
Dr Reddy’s Q1 net profit jumps nearly 8-fold
New Delhi: Pharma major Dr Reddy’s laboratories on Thursday reported nearly eight-fold jump in consolidated net profit to Rs 456.1 crore for the first quarter of 2018-19 year mainly on account of robust sales. The company had posted a net profit of Rs 59.1 crore for the corresponding period of the previous fiscal, Dr Reddy’s laboratories said in a filing to BSE. Consolidated revenue of the company stood at Rs 3,720.7 crore in the April-June quarter this year against Rs 3,315.9 crore for the same period year ago.
NIIT Q1 net profit up 73% to Rs 17.9 cr
New Delhi: Skills development company NIIT on Thursday said its consolidated net profit for the June 2018 quarter grew by 73% to Rs 17.9 crore, on the back of strong growth in its corporate learning business. The company’s net profit stood at Rs 10.4 crore in the April-June 2017 quarter. NIIT saw its revenues increasing by 2% to Rs 214.3 crore in the quarter under review, as against Rs 209.9 crore in the year-ago period.
Novartis India Q1 net profit up 42%
New Delhi: Drug firm Novartis India on Thursday reported a 42.2% rise in its net profit at Rs 10 crore for the quarter ended June 30. The company had posted a net profit of Rs 7.03 crore in the corresponding period of the previous fiscal, Novartis India said in a BSE filing. Revenue from operations of the company stood at Rs 138.1 crore for the quarter under consideration. It was Rs 114.8 crore in the same period a year ago.