Central PSUs record 47 per cent jump in net profit for 2023-24, market cap doubles
The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared to Fiscal Year 2023-24, the report said.
The market capitalisation of CPSEs more than doubled in Fiscal Year 2024-25 as compared to Fiscal Year 2023-24, the report said.
State Bank of India (SBI) on Friday reported 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024. In the year ago period, it reported net profit of Rs 14,330 crore. On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
The company broke all previous records and achieved an unprecedented milestone by crossing operational income of Rs 10,400 crore.
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
According to the statement from the company, the total income of the firm went down 1 per cent to Rs 60.19 crore, against Rs 60.81 crore in the year-ago period.
We noted rebound in volumes by the second fortnight of June 2021, said Lalit Khaitan, chairman and MD
The company reported total volumes of 10,53,337 units in second quarter, down 10 per cent from 11,73,591 units in July-September quarter of 2019-20
Odisha Hydro Power Corporation has paid an interim dividend of Rs.30 crore to Odisha government for the Financial Year 2019-20.
The company's profit grew to Rs 1,203.1 crore from Rs 27.8 crore in the year-ago quarter.
Sequentially, however, net profit in Q1 declined 6.8 per cent from Rs 4,078 crore a quarter ago.
