Axis Bank standalone profit soars 23% in Q1
Axis Bank on Saturday reported a 23% year-on-year increase in standalone quarterly net profit, aided by lower provisions, even as its pre-provision operating profit grew just 1.3%.
Profit by knowlytics
Axis Bank on Saturday reported a 23% year-on-year increase in standalone quarterly net profit, aided by lower provisions, even as its pre-provision operating profit grew just 1.3%.
Next week will witness the launch of four public offerings, including the Cube Highways Trust InvIT and three initial public offerings (IPOs). Notably, Indo MIM’s IPO comprises both a fresh issue and an offer for sale, while Lohia Corp’s venture consists solely of equity shares available in the offer for sale format. Additionally, Xtranet Technologies…
These stocks were identified using specific filters: a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum average trading volume of 5 lakh shares.
The Q1 FY27 earnings season gathers momentum this week, with 256 companies scheduled to announce their April-June quarter results. Key names include Infosys, Eternal, Bajaj Auto, UltraTech Cement, Nestlé India, Adani Power, Paytm and TVS Motor. Investors will closely track corporate earnings and management commentary for cues on business performance, demand trends and the broader…
Dalal Street ended the week on a strong note, with the Sensex and Nifty gaining over 1% on Friday. Investors will track six key market triggers this week, including the peak of the Q1 earnings season, the escalating Iran-US conflict, surging crude oil prices, the global tech selloff, rupee movement and FII flows. Analysts remain…
Nifty ended a five-week consolidation with strong Friday gains as Q1 earnings from IT majors and select private banks boosted sentiment. SBI Securities’ Sudeep Shah tells ETMarkets that a Bollinger Band squeeze and falling ADX point to a big directional move ahead, with 24,550 the key level to watch as earnings from Reliance, HDFC Bank,…
JK Cement Ltd reported a 15.3 percent decline in net profit for the June quarter. The company posted Rs 274.62 crore profit, down from Rs 324.25 crore last year. Revenue from operations increased by 20.25 percent to Rs 4,031.72 crore. Total expenses rose by 25.5 percent during the same period. JKCL’s total income, including other…
Lohia Corp will launch its IPO on July 23, with the issue comprising a pure offer for sale of over 2.59 crore shares. The technical textile machinery maker reported a 64% YoY jump in FY26 net profit and a 25% increase in revenue, ahead of its market debut.
Thirteen BSE SmallCap stocks rallied 10-15% after posting gains in each of the last five trading sessions, outperforming the broader market’s modest advance.
RBL Bank reported a 27% YoY rise in Q1 FY27 standalone net profit to Rs 254 crore, while net interest income increased 12%. The lender said Emirates NBD’s majority ownership has expanded its growth opportunities, with management expecting stronger momentum in corporate banking, trade finance and cross-border business.