NBCC reports 31% rise in Q2 net profit to Rs 81 crore

Share
NBCC reports 31% rise in Q2 net profit to Rs 81 crore

The company's Q2 net profit fell 60.8 percent at Rs 20 crore against Rs 51 crore in the same quarter last fiscal.

Footwear major Bata India today reported a 23.99 per cent increase in its standalone net profit to Rs 42.89 crore for the second quarter ended September 30.

Gross non-performing assets (NPAs) in absolute terms rose 15.8 per cent year-on-year at Rs 12,892.67 crore during the period under review.

The company said the results for the period are not comparable as it include the financials of Aditya Birla Nuvo Ltd (ABNL) and its subsidiaries post its merger with effect from 1 July 2017.

Also, the bank said it made an additional provision of Rs 22.06 crore in respect of standard advances to stressed sectors of the economy.

The bank's asset quality worsened further in the September quarter of the current fiscal. Income from other sources were up 11.20 per cent to Rs 1,737 crore.

On half yearly basis, net profit at Rs 2,335 crore was 32 per cent higher than year ago profit.

The deposits stood at Rs 5.83 lakh crore by end of second quarter, 2017-18 against Rs 5.67 crore.

Shares of the company settled 0.26 per cent up at Rs 456.45.

Share

Advertisement

Related Posts

Hate crimes down in Wisconsin
The number for hate crimes against Sikhs, whose population is estimated to be 500,000, went up from six in 2015 to seven in 2016. Additionally, there were 105 incidents against transgender people last year, a rise of 44 percent from the year before.

Analyst's Predictions on PPL Corporation (PPL), Advance Auto Parts, Inc. (AAP)
Currently, 163.06 million total shares are owned by the public and among those 154.93 million shares have been available to trade. Director at Advance Auto Parts Inc ., Karaboutis Adriana on 2017-06-02 Buy 367 shares of the company at a price of $135.28.

Know before you buy this stock: Bank of America Corporation (BAC)
Walter & Keenan Consulting Com Mi Adv holds 0.15% of its portfolio in Bank of America Corp (NYSE:BAC) for 12,000 shares. Bank of America Corporation (BAC ) is an interesting player in the Financial space, with a focus on Money Center Banks.

Volunteers needed to knit, crochet red hats for newborns
Thank you for making this program so special and for helping to spread awareness of heart disease and congenital heart defects. The American Heart Association and The Children's Heart Foundation co-fund the Congenital Heart Defect Research Awards.

Jon Stewart "Stunned" by Louis CK Scandal
Stewart reiterated what he said at the time , which is that he "hadn't heard, at that point, of any of it". His upcoming film, I Love You, Daddy , which premiered and sold at TIFF in September, has been shelved.

Trading Patterns In Focus: MannKind Corporation (MNKD), The Boeing Company (BA)
November 8 investment analysts at HC Wainwright left the company rating at "Buy" with a current price target of $7.00. Further, company shares have been seen trading -53.88% off of the 52 week high and 381.84% away from the 52 week low.

Andra AP fonden Boosts Position in American Tower Corporation (REIT) (NYSE:AMT)
Traders are feeling more bearish on shares of the company recently if you take into consideration the increase in short interest. Fjarde Ap has invested 0.05% in Westinghouse Air Brake Technologies Corp (NYSE:WAB). 6,000 were accumulated by Brown Advisory.

First Interstate Bank Has $7.93 Million Holdings in Gilead Sciences, Inc. (GILD)
The biopharmaceutical company reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.87 by $0.12. After $0.66 actual EPS reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

Community Bank NA Raises Stake in Cisco Systems, Inc. (CSCO)
Cetera Advisor Network Ltd Liability Corporation holds 0.29% or 199,738 shares. 3,427 are held by Mason Street Advsrs Limited Co. As of the end of the quarter Rothschild Asset Management Inc had sold 1,452,196 shares trimming its holdings by 54.0%.

The BlackRock Group LTD Cuts Stake in AbbVie Inc. (ABBV)
Clough Capital Prtnrs LP holds 0.37% in Dermira Inc (NASDAQ:DERM) or 181,785 shares. 26,774 are held by National Asset Management. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.39 by $0.02.

© 2015 ExpressNewsline. All Rights reserved.