Shares of Bharat Dynamics were tanking at the bourses on Monday after the company’s June quarter results disappointed investors. The stock slumped around 20% to hit an intraday low of ₹1,222.35. What Happened: Bharat Dyanamics’ net profit tanked 82% year-on-year to ₹7.21 crore in the June quarter. Its operational revenue crashed 35% year on year …
Power Grid Corporation Of India posted its earnings for the quarter ended June late on Friday evening What Happened: The PSU’s net profit for the June quarter came in at ₹3,723.92 crore, an increase of around 3.5% compared to the ₹3,597 crore posted in the same quarter last. The company’s revenue for the June quarter …
Tata Elxsi posted its financial results for the quarter ended June on Wednesday after the market close. What Happened: The Tata Group company reported a 2.5% drop in its net profit at ₹184.07 crore, compared to the ₹188.85 crore it posted in the same quarter last year. On a sequential basis, the profit was down …
Shares of Yes Bank were climbing on Wednesday following a robust first-quarter update, showcasing steady earnings and improving asset quality. However, on a sequential basis, the numbers weren’t as promising. What Happened: The private lender reported a 15% year-on-year growth in loans and advances for the first quarter ended June, with loans reaching ₹2.29 lakh …