Strong start to the year with sales growth of 27% on a reported basis and strong adjusted margin expansionReported first-quarter net loss from continuing operations of $1.32 per share with adjusted.
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Updated Jan 21, 2021 | 08:58 IST
Asian Paints, Bajaj Auto, SBI Card, Bandhan Bank, Biocon, Mphasis, Kajaria Ceramics, MCX and Mphasis are some of the companies which will announce their Q3 results today Stocks to track in trade for January 21, 2021: Bajaj Finance, HDFC AMC, L&T Tech, Aditya Birla Fashion | Photo Credit: BCCL
Key Highlights
Axis Bank gets approval from the Competition Commission of India for deal with Max Life Insurance.
Phillips Carbon Black net profit up 79% at Rs 125.6 crore vs Rs 70.2 crore YoY
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Bajaj Finance
The Q3 profits were below ET NOW estimates at Rs 1,146 crore, down 29% YoY. The net interest margins seem to be under pressure due to reversal of interest income and high liquidity surplus. The NBFC reported a huge rise in proforma GNPA at 2.86% vs 1.34% QOQ and Proforma Net NPA at 1.22% vs 0.56% QOQ. One time write off of principal outstanding at
Updated Jan 20, 2021 | 18:34 IST
Capital adequacy is good for next 3 years. Structural transformation is changing operating processes and that would mean change in technology stack, this process will be completed by May 2021: Rajeev Jain. Representational Image | Photo Credit: BCCL
Key Highlights
Outlook: “The company expects core AUM growth to resume to pre-COVID levels by Q4 FY21”
Outlook: FY22 onwards, see loan losses & prov seen at 160-170bps of avg assets (revert to pre-COVID level)
Outlook: Margin profile in all lines of businesses was steady at pre-COVID levels other than mortgages
Bajaj Finance Q3 profits were below ET NOW poll estimates at Rs 1146 crore, down 29% YoY. Net interest margins were under pressure due to reversal of interest income and high liquidity surplus. The NBFC reported a huge rise in proforma GNPA at 2.86% vs 1.34% QOQ and Proforma Net NPA at 1.22% vs 0.56% QOQ.