India’s GDP to grow at 6.4% in December quarter: ICRA
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
ICRA projected the economy to grow at 6.4 per cent in Q3 from 5.4 per cent in Q2, benefitting from enhanced government spending amid uneven consumption.
Steel Authority of India’s profit slumped 62 per cent year-on-year to Rs 126 crore in the December quarter. This was hit by lower prices of steel, even as higher sales volume boosted revenue from operations.
Its total revenue from operations grew by 8 per cent to Rs 3,932.38 crore during the quarter under review, company’s data showed.
The consolidated revenue from operations decreased to Rs 72.03 crore for the quarter under review from Rs 428.73 crore in the same period last fiscal, HCL Infosystems said in a regulatory filing.
An increase in consolidated profit also resulted in a rise in total consolidated income to Rs 4,274.79 during the quarter under review.
The consolidated income of the company dropped to Rs 872.82 crore in the quarter under review from Rs 1,275.48 crore earlier.
The net NPA ratio also softened to 4.03 per cent (Rs 26,598.13 crore) from 7.18 per cent (Rs 30,518.92 crore).
The Net Interest Income for Q3 of FY21 increased by 3.75 per cent YoY to Rs 28,820 crore from Rs 27,779 crore reported for Q3 of FY20.
Company’s total expenses increased to Rs 11,303.97 crore during the quarter under review from Rs 10,635.16 crore in the same period previous fiscal.
The company's total income (consolidated basis) rose to Rs 39,267.59 crore during the quarter under review.
