Bajaj Finance Q4 results: PAT jumps 30% YoY, below Street estimates; firm declares dividend of Rs 10
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Bajaj Finance Q4 results: PAT jumps 30% YoY, below Street estimates; firm declares dividend of Rs 10ETMarkets.com
Last Updated: Apr 27, 2021, 08:44 PM IST
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The non-bank lender’s net interest income in the quarter fell 4 per cent on-year to Rs 4,287 crore, which was higher than analysts’ estimate of Rs 4,182 crore.
Bajaj Finance Q4: Consolidated net jumps 42% to Rs 1,347 cr
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Bajaj Finance today reported a 30 per cent year-on-year growth in net profit at Rs 1,161 crore for the quarter ended March, which was slightly below analysts’ estimates of Rs 1,261 crore.
HDFC Bank Q4 results: Net profit rises 18% YoY to Rs 8,186.5 crore, below Street estimates
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HDFC Bank Q4 results: Net profit rises 18% YoY to Rs 8,186.5 crore, below Street estimatesETMarkets.com
Last Updated: Apr 19, 2021, 08:56 AM IST
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Analysts had expected HDFC bank to report a 23 per cent YoY rise in net profit to Rs. 8,550.3 crore and a near 12 per cent rise in net interest income to Rs 17,000 crore.
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The lender reported a net interest income of Rs 17,120.2 crore, up 12.6 per cent from a year-ago quarter.
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MUMBAI: India’s largest private sector lender HDFC Bank today reported an 18.2 per cent year-on-year rise in net profit to Rs 8,186.51 crore for the quarter ended March. The lender reported a net interest income of Rs 17,120.2 crore, up 12.6 per cent from a year-ago quarter.
Deere’s shares surged 9.9% on Feb. 19 as the manufacturing company posted better-than-expected fiscal first-quarter results. The company’s new operating strategy and a 23% rise in net sales drove the earnings beat. Deere’s (DE) 1Q earnings more than doubled to $3.87 per share on a year-over-year basis and beat the Street estimates of $2.14 per share. Revenues jumped 19% to $9.1 billion and surpassed the consensus estimate of $7.21 billion. The company’s net sales from equipment operations came in at $8.1 billion, up 23% year-over-year, driven by improving conditions in the farm and construction sectors. For fiscal 2021, the company projects net income to be in a range of $4.6 billion to $5 billion. (See Deere stock analysis on TipRanks) Deere CEO John C. May commented, “As our recent performance shows, these steps are leading to improved efficiencies and helping the company target its resources and investments on areas that have the greatest impact.&#
DTE Energy posted better-than-expected earnings in the fourth quarter, as the diversified energy company saw an increase in customer demand for natural gas. The Detroit-based company’s 4Q earnings rose 3% to $1.39 per share on a year-over-year basis and beat Street estimates of $1.24 per share. DTE Energy’s (DTE) earnings from its natural gas utility segment came in at $84 million, up 31% year-over-year. The electric utility earnings amounted to $102 million, down 20.3%. For 2021, the company reaffirmed its outlook and expects adjusted EPS to come in at a range of $6.88 to $7.26, versus the consensus of $7.16. (See DTE stock analysis on TipRanks) DTE CFO David Ruud said, “We are well positioned for another solid year in 2021 as we continue to invest in reliability and infrastructure improvements for our customers.” DTE Energy also announced the progress on the spin-off of its non-utility natural gas pipeline, storage, and gathering business into a new and in