Reliance Industries reported its highest ever quarterly net profit in the July-September quarter period with a net rise of 17.4%. RIL posted a net profit of Rs. 9,516 crores in the quarter under review, as against Rs.  8,109 crores recorded during the corresponding quarter of the previous fiscal. According to the company’s statement, the record earnings came from petrochemical business and bumper earnings from retail business and telecom arm made up for a decline in refinery margins. The company total revenue jumped 54.5 per cent to Rs 1,56,291 crores. Its retail business, which comprises 9100+ stores witnesses before tax profit rise of 213 per cent to Rs 1,392 crores on the back of more than doubling of revenues to Rs 32,436 crore. Reliance Jio posted a standalone net profit of Rs 681 crore, recording 1

Jammu and Kashmir Bank released their quarterly financial report with a net profit of Rs. 93.75 crores in September-end quarter of FY19, rising 30.86% from the net profit of Rs. 71.64 crores earned during the corresponding quarter of the previous fiscal year. Jammu and Kashmir Bank’s net interest income (NII) or the core interest (income) the bank earns through handing out loans stood at Rs. 791.85 crores in the quarter under review as against Rs. 722.62 crores in the July-September quarter of FY18, posting a 9.58% uprise. The Bank’s net profit during the June-end quarter of the current fiscal year was reported at Rs. 52.59 crores. Provisions And Contingencies for the quarter under review stood at Rs. 172.38 Crores as against Rs. 242.87 crores whereas P&A for the June-end quarter of the current fisc

Mahindra CIE Automotive, the auto component supplier reported a standalone net profit at Rs 42.57 crore posting a 109.1% uprise for the quarter ended September 2018. The company reported the standalone net profit of Rs. 20.36 crores during the quarter ended in September 2017. According to the Mahindra CIE Automotive regulatory filing, the company had registered a net standalone profit of Rs. 43.85 crores in the June-end quarter of the current fiscal. Standalone revenue from operations of the company rose to Rs 652.4 crore during the quarter under review as compared to Rs 484.25 crores in the corresponding quarter of the year-ago period, whereas the standalone revenue during the June-end quarter stood at Rs. 649.96 crores. Net profit for the first nine months of 2018 also jumped to Rs 124.9 crore as against

Network 18 Media & Investments has confined their consolidated loss for the second quarter of the current fiscal to Rs 67.87 crore as against the loss of Rs 113.17 crore in the June-end quarter of FY19 on the back of strong revenue growth and improved operational performance. The company had reported a loss of Rs 70.70 crore on revenue of Rs 326.86 crore for the quarter ended September 2017. Revenue from operations during Q2 FY19 grew by 10 per cent to Rs 1,237 crore compared to Rs 1,124.24 crore in June-end quarter. Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) of Network18 in the July-September quarter rose nearly 400 per cent sequentially to Rs 92.1 crore and margin expanded to 7.4 per cent from 1.6 per cent during the previous quarter. The company’s tax expense

Trident, the textile-to-paper manufacturer has reported their quarterly net profit at Rs. 109.14 crores for the September-end quarter of the current fiscal year, registering a strong 114.43% rise as compared to Rs. 50.90 crores of net profit during the corresponding quarter of the previous fiscal year. Total Revenue for the quarter under review stood at Rs 1,391.5 crores registering a 24.2 per cent increase as against Rs. 1,120.5 during the previous year same quarter period. The company stated that the growth was driven by strong operational growth despite big forex loss. According to the company’s BSE filings, the textile business posted a growth rate of 25 per cent whereas the paper & chemicals reported a 22 per cent growth Year-on-Year basis. Trident’s EBITDA (earnings before interest, tax, depre

Crisil Ratings, the S&P-controlled domestic rating agency reported a net profit of Rs. 90 crores, posting a growth rate of 30 per cent in the July-September quarter of the current fiscal from Rs. 69.42 crore in the corresponding quarter of the previous year. The company stated that the rise in profit was driven by new client additions and focus on efficiencies. According to the company’s BSE filing that the total income for the quarter under review stood at Rs. 454.22 crores, posting a 10 per cent rise during the third quarter at, whereas the consolidated revenue from operations was posted at Rs. 425.46 crores, surging 4 per cent up. Ashu Suyash, managing director and chief executive said, "During the quarter, our sharp focus on driving superior customer value and relevant analytics enabled us to grow ex

The market regulator SEBI has directed the former promoters of Fortis Healthcare - Shivinder Mohan Singh and Malvinder Mohan Singh, along with eight other entities to repay Rs. 403 crores along with interest to Fortis Healthcare, after finding illegal diversion of funds from the company. According to an order uploaded on its website, SEBI said that all the entities have prima facie acted in a fraudulent manner in diverting funds around Rs 403 crore from Fortis Healthcare Ltd (FHL), a listed company, for the ultimate benefit of parent company - RHC Holding Pvt Ltd and group company -Religare Finvest Ltd, violating the securities laws. In a 21-page interim order, The Securities and Exchange Board of India said that prima facie role of FHL and Fortis Healthcare Ltd (FHsL) in the alleged diversion of funds through

India's one of the largest television broadcasting networks, TV18 Broadcast reported a consolidated profit, for the second quarter of the current fiscal, at Rs 40.36 crores against a loss of Rs 14.17 crores that occurred during the previous quarter of current fiscal. The company returned to profit in the quarter ended September 2018 after at least 4 quarter, on a sequential basis. Consolidated revenue from operations during the quarter under review stood at Rs 1,198.33 crores, posting a growth of 10.12 per cent sequentially, as compared to Rs 1,088.19 crores of the June-end quarter. TV18 had reported a profit at Rs 7.33 crores on revenue of Rs 227.23 crores during the corresponding quarter of the previous fiscal year. Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) surged