ICICI Bank Q2 net profit dives 42% to Rs 1,205 cr
New Delhi: ICICI Bank on Friday reported a 42% drop in its consolidated net profit to Rs 1,204.62 crore in the quarter ended September 2018. The country’s largest private sector lender had posted a consolidated net profit of Rs 2,071.38 crore in the corresponding quarter a year ago, the bank said in a regulatory filing. However, total income of the bank on a consolidated basis rose to Rs 31,914.82 crore as against Rs 30,190.54 crore a year ago. On a standalone basis, its net profit fell by 56% to Rs 908.88 crore in the said quarter as against Rs 2,058.19 crore in July-September 2017. The bank had reported a net loss of Rs 119.55 crore in the first quarter of the ongoing fiscal. Total income of the ICICI Bank on a standalone basis stood at Rs 18,262.12 crore during the September quarter, down from Rs 18,763.29 crore in the year-ago period.
ITC Q2 profit up 12% to Rs 2,955 crore
Diversified group ITC on Friday reported 11.92% rise in standalone net profit at Rs 2,954.67 crore for the second quarter ended September 30, led by strong performance across segments like cigarettes FMCG, and agribusiness. The company had posted a net profit of Rs 2,639.84 crore in July-September quarter of 2017-18, ITC said in a BSE filing. Total income during the reported quarter stood at Rs 11,776.63 crore as against Rs 10,258.13 crore in the year-ago period, it added. Total expenses of the Kolkata-headquarter firm were at Rs 7,407.51 crore as against Rs 6,313.84 crore earlier. During the quarter, revenue from total FMCG business was up 11.25% to Rs 8,186.41 crore as against Rs 7,358.32 crore in the year-ago period.
Dr Reddy’s Q2 net profit up 77 pc to Rs 504 cr
Drug major Dr Reddy’s Laboratories on Friday reported a 76.83% jump in its consolidated net profit at Rs 503.8 crore for the quarter ended September 30, 2018 on robust sales. The company had posted a net profit of Rs 284.9 crore in 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 3,797.8 crore for the quarter under consideration. It was Rs 3,546 crore for the same period year ago.
Reliance General Q2 profit up 20% at Rs 56 cr
Reliance General Insurance Company on Friday reported 20% rise in profit at Rs 56 crore for the second quarter ended September 30, 2018. Gross written premium too surged 20% to Rs 2,025 crore during the quarter, it said in a statement. RGI said its market share in the general insurance business rose to 4.5% from 4.3% in the second quarter of 2017-18.