After getting listed, this is the first time that InterGlobe Aviation Ltd, which runs the airline under the brand name IndiGo, is announcing its quarterly results.
BSNL boss Anupam Shrivastava said the company is making relentless efforts to revive itself under the leadership of Telecom Minister Ravi Shankar Prasad, who is very keen to restore the pristine glory of the company.
The company said the poor performance was mainly due to weaker China sales and mix, foreign exchange revaluation and higher depreciation and amortisation expenses in the Jaguar Land Rover unit.
Net profit in the July-September quarter at Rs 4,842.02 crore was 11 percent lower than Rs 5,444.89 crore clocked in the same period of last fiscal, the firm said in a statement.
According to Moody’s the rise in bad loans on the books of Indian banks will continue at a slower pace on account of improving economic scenario.
The bank had posted net profit of Rs 575.34 crore in the same quarter of the previous financial year.
During the quarter under review, Tata Steel UK has taken significant impairment charges in the UK Strip business.
Refinery throughput increased to 13.683 million tons during the quarter from 13.407 million tons a year ago.
ICICI Bank scrip was trading at Rs 273.40 on BSE during afternoon trade, up 0.72 per cent from previous close.
The company had posted a standalone net profit of Rs 311.29 crore in the same period last fiscal.
The total sales grew by 8.1 percent to Rs 5,504 crore in the July-September quarter of the current fiscal as compared to Rs 5,092 crore in Q2FY15, the company said in a release.
The company had posted a net profit of Rs 862.54 crore during the same period last fiscal.
The company said voice business net revenues during the second quarter were up 9 percent year-on-year.
Consolidated profit growth is low despite on a standalone basis the company reported 18 percent growth in profit and all the subsidiaries reported a healthy numbers.
The company's net profit was Rs 5,972 crore in the same period of 2014-15 fiscal.
The company had posted net profit of Rs 988.16 crore in the July-September quarter of the 2014-15.
The Mumbai-based firm had reported a profit of Rs 5,244.28 crore in the corresponding period last fiscal, it said in a regulatory filing.