Top gainer: Britannia 5,734 ▲ 14 (+0.2%)
Top loser: Tata Motors 1,025 ▼ 71 (-6.5%)
Bank of India Q1 PAT rises 10% to ₹1,703 crore
Bank of India (BoI) reported a 10% year-over-year (YoY) rise in its net profit for the first quarter of fiscal year 2025 at ₹1,703 crore. Operating profit declined 2%YoY to ₹3,677 crore during the quarter. Although asset quality improved compared to the same period last year, provisions witnessed an increase. Gross non-performing asset (NPA) ratio fell to 4.62% during the first quarter as compared to 6.67% in Q1FY24. Net NPA ratio fell to 0.99% from 1.65% in the same quarter last year. Read more
SBI shares tank over 3% post flat Q1 FY25 earnings
Shares of State Bank of India (SBI) were trading in red after the company released its financial results for the first quarter of fiscal year 2024-25 on Monday, August 5. The stock was trading 3.2% lower at ₹820.7 on the NSE in the early trade. It was down 3.2% at ₹820.4 on the BSE. The bank’s total income surged to ₹1,22,688 crore in the latest June quarter against ₹1,08,039 crore a year ago, SBI said in a regulatory filing. Read more
Britannia shares rise 2% after healthy growth in Q1 net profit
Shares of FMCG major Britannia Industries Ltd jumped over 2% in trade on Monday, August 5, after the company reported its earnings for the quarter ended June 2024 (Q1FY25). The company informed stock exchanges on Saturday that its consolidated revenue from operations rose 4% to around ₹4,130 crore in the June quarter compared to ₹3,970 crore a year ago. Read more