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Mahindra Lifespace Developers' sale bookings grow 32% to Rs 399 crore in Q2

Realty firm Mahindra Lifespace Developers' sale bookings rose 32 per cent to Rs 399 crore during September quarter 2022-23 on better housing demand. Its sale bookings stood at Rs 303 crore in the year-ago period, according to an investors' presentation. Mahindra Lifespace, a part of business conglomerate Mahindra Group, reported an over two-fold jump in sale bookings at Rs 1,001 crore for AprilSeptember 2022-23 from Rs 449 crore in the year-ago period.

Triveni Engineering Q2 net up to Rs 1,388 cr, board okays Rs 800-cr buyback

Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multifold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains.

Its net profit stood at Rs 92.47 crore in the year-ago period.

Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal from Rs 1,163.66 crore in the corresponding period of the previous year, according to a regulatory filing.

Bank of Baroda's Q2 net jumps 58.7% aided by rise in NII, dip in provisions

Public sector lender Bank of Baroda reported a 58.7 per cent year-on-year (YoY) jump in net profit in July – September (Q2FY23) quarter, aided by robust rise in Net Interest Income (NII) and dip in provisions burden. Its net profit totaled to Rs 3,313 crore in Q2, a record high for the bank, compared to Rs 2,088 crore in the year-ago period.

NII of the lender was up 34.5 per cent YoY to Rs 10,714 crore, on the back of healthy growth in advances. In the year-ago period, its NII was to the tune of Rs 7,566 crore. Its domestic Net Interest Margins (NIMs) for the quarter under review stood at 3.41 per cent, up 34 basis points sequentially, as the hike in lending rates was passed on to the borrowers but deposit rates have gone up with a lag. Global NIMs was up 31 basis points during this period at 3.33 per cent.

SBI's Q2 net rises 74% to Rs 13,265 crore on improved interest margins

State Bank of India’s net profit rose by 73.93 per cent year-on-year (YoY) to Rs 13,265 crore in the July-September quarter Q2FY23 on improvement in interest margins and decline in provisions for bad loans. Country’s largest lender had posted a net profit of Rs 7,627 crore in Q2FY22.

Punjab & Sind Bank Q2 profit up 27% to Rs 278 cr on reduction in bad loans

Public sector lender Punjab & Sind Bank on Saturday said its net profit rose 27 per cent to Rs 278 crore in the second quarter of FY23 on the back of reduction in bad loans.

The bank had reported a profit of Rs 218 crore in the year-ago period.

Total income of the bank during the July-September quarter of FY23 rose to Rs 2,120.17 crore against Rs 1,974.78 crore in the corresponding period of FY22, Punjab & Sind Bank said in a regulatory filing.

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