Net profit margin percentage

NEW DELHI: Bandhan Bank on Thursday reported 99.28 per cent year-on-year (YoY) rise in net profit for the September quarter at Rs 971.79 crore. The bank had posted a profit of Rs 487.65 crore in the quarter ending September 2018. However, it should be noted that the numbers for this quarter are not comparable to the same quarter last year due to its merger with Gruh Finance. Net Interest Income (NII) for the quarter grew 41.84 per cent to Rs 1,529 crore as against Rs 1,078 crore in the corresponding quarter of the previous year. Non-interest income grew 56.96 percent to Rs 361 crore for the quarter ended September 2019 against Rs 230 crore from year ago quarter. GNPA as at the end of Q2FY20 stood at 1.76 per cent against 2.02 per cent in the June quarter and 1.29 per cent in the September quarter last year. Net NPA was flat at 0.56 per cent against 0.56 per cent at the end of June 2019 and 0.69 per cent as on September 2018. CASA for the lender grew 38.69 per cent in the September … [Read more...] about Bandhan Q2 profit surges 99% YoY to Rs 972 crore

"The first half of FY2020 was a difficult period across the aged care sector with ongoing margin compression combining with declining occupancy as elevated levels of supply continue," Chief Executive Andrew Sudholz said. … [Read more...] about Japara profit slides amid margin pressure

Its net profit decline reflected a $46.1 million impairment charge relating to goodwill at its London-based Global Touring Business, $7.1 in non-recurring costs for reaccommodating customers after the collapse of Tempo and Bentours in Australia and New Zealand, a $3.1 million charge in its Ignite business as well as a $2.1 non-cash accounting adjustment. … [Read more...] about Flight Centre flags virus hit on FY profit

BENGALURU: Former Information Technology Minister Priyank Kharge on Monday said rising number of H-1B visa rejections by the US authorities to employees of Indian IT companies has begun to hurt their profit margins. In the coming months, the H-1B visa woes in India will only worsen, but no MP from Karnataka has either written or spoken about it,” Kharge, who is also an MLA from Kalaburagi, told ET. The US authorities, however, are favourable in grant of visas for employees of the American technology companies operating out of India, blatantly displaying a bias against Indian technology companies, the US-educated lawmaker said. Kharge timed his remarks with the two-day visit of the US president Donald Trump, which began in Gujarat on Monday. The Indian government, the former minister said, should have convened a meeting of Indian tech companies such as TCS, Infosys and Wipro, heard the issues they are facing in the US, and flagged their concerns to the visiting US team. It has … [Read more...] about H-1B visa denials to workers of Indian tech firms hurting margins, says former IT Minister Kharge

The furniture and electronics firm also warned on Friday it was bracing for a coronavirus hit to consumer confidence, though the Gerry Harvey-chaired firm refrained from offering solid guidance until the threat is understood and mitigated. … [Read more...] about Harvey Norman H1 profit hit by bushfires