Tata Motors, India’s premier automotive manufacturer, has outperformed market expectations in its Q3 FY24 results, showcasing an impressive more than two-fold increase in net profit. The stellar performance is attributed to robust sales from its British luxury car subsidiary, Jaguar Land Rover (JLR). The consolidated net profit surged by 137.5%, reaching ₹7,025.11 crore, compared to … Read more
Dhanlaxmi Bank’s stock continues its remarkable ascent, gaining 5% in intraday trade and reaching ₹53.75 apiece, the highest level since August 2014. Over the last 10 trading sessions, the stock has shown an impressive return of 69%. Explore the reasons behind this surge and the key highlights from the bank’s Q3FY24 business update. Stock Performance: … Read more
SBI Card and AU Small Finance Bank face market challenges as their Q3 FY24 performance falls short of expectations, leading to a notable decline in their stock prices. Analysts attribute the dip to rising provisions, interest rates, and funding costs. Here’s a detailed overview of their financial performance and the market’s reaction. SBI Card’s Q3 … Read more
Private lender ICICI Bank Ltd has reported a robust standalone net profit of ₹10,271.54 crore for the December quarter, showcasing a significant 23.57% YoY growth. The bank’s Q3 results also reveal noteworthy improvements in provisions, net interest income (NII), and various business segments. Here are the key takeaways from ICICI Bank’s Q3FY24 performance. Financial Highlights: … Read more
In the third quarter of FY24, HDFC Bank, India’s largest private sector lender, delivered a stellar financial performance with a notable 33% year-on-year growth in net profit, reaching ₹16,372 crore. The bank’s robust net interest income (NII), which increased by 24% YoY to ₹28,470 crore, underscored its resilient core operations. The management’s post-earnings call revealed key insights into the bank’s strategies and future plans.