Sensex Today Live Updates: Sensex, Nifty open in the green as global peers gain; TechM, Indigo, Tata Steel, Vedanta eyed
₹3,825 crore, up from ₹3,158 crore in the same period last year. The consolidated figures encompass the operations of its subsidiaries, Bajaj Housing Finance and Bajaj Financial Securities.On an individual basis, the net interest income for Q4FY24 surged by 29% to ₹7,340 crore from ₹5,669 crore in Q4FY23. The net total income on a standalone basis for Q4FY24 increased by 25% to ₹8,904 crore from ₹7,105 crore in Q4FY23.As of March 31, 2024, the gross non-performing assets (NPA) were reported at 0.85%, a decrease from 0.94% in the same period last year.
The net NPA remained steady at 0.37% as on March 31, compared to the same period a year ago. The company maintains a provision coverage ratio of 57%Sensex Today Live : 15 of the 50 stocks on the Nifty 50 were in the red. Bajaj Finance, Bajaj Finserv, Tata Consumer Products, Mahindra & Mahindra, and Eicher Motors, were the top drags, while Tech Mahindra, Divi's Laboratories, LTIMindtree, Hindalco, and Tata Steel, were the top gainers.
Sensex Today Live : On Thursday, April 25, Tech Mahindra reported a 41% drop in its consolidated net profit in Q4FY24, which stood at ₹661 crore. The company's revenue from operations also fell 6.2% to ₹12,871.3 crore in the fourth quarter compared to the previous year. In comparison to ₹1,117.7 crore in the corresponding period last year, Tech Mahindra's net profit for the March quarter plummeted by 41%.
The company's revenue also experienced a 6.3% decrease in the fourth quarter, amounting to ₹13,718 crore compared to the same period last year. For FY24, the consolidated net profit decreased 51.2% YoY, amounting to ₹2,358 crore. The company's revenue for FY24 was ₹51,996 crore, marking a 2.4% decline from the previous fiscal year.
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