Net interest margin (NIM), a key profitability parameter, was at 2.43 per cent, lower than 2.57 per cent seen in the year-ago period.
Loan book increased 10 per cent to Rs 2.21 lakh crore in September 2021 including a 7 per cent growth in corporate loans as the bank completed a restructuring in its business to move away from high-risk loans.
Adani Ports revenue grew 19 per cent to Rs 4,066 crore. But costs increased 55 per cent, led by higher interest charges on loans.
Adani Ports & SEZ (APSEZ) net profit for the July-September quarter fell 31% on year to Rs 968 crore from Rs 1394 crore a year earlier.
The company also announced its plans to set up a captive non-bank finance company (NBFC) Bajaj Auto Consumer Finance to fund the retail sales of its products.
The company reported a consolidated profit after tax of Rs 238 crore in the last quarter. For the half-year ended 31st September 2021, the company reported a net profit of Rs 502 crore.
The balance amount of the issue is to be paid in two more additional calls as may be decided by India’s second-largest telco as part of the issue.
The conglomerate said the September quarter witnessed broad-based recovery in sales across markets and channels. ITC said there was a strong pick-up across all operating segments in the period under review after severe disruptions in the June quarter.
Net profit fell to Rs 247 crore in the quarter ended September 2021 from Rs 300 crore a year ago mainly as benefits paid including bonuses doubled to Rs 12,702 crore in September 2021 from Rs 6,426 crore a year earlier.
Treasury yields shot up by 14-19 basis points Wednesday in the primary auction since the preceding two such bids conducted by the Reserve Bank of India (RBI).
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