Multi Commodity Exchange of India posted a sharp rise in earnings for the quarter ended March. Consolidated net profit reached 530 crore rupees, up 291 percent from the prior year. The exchange also announced a dividend of 8 rupees per share.
The company achieved revenue that tripled compared with the same quarter a year earlier. Profit after tax attributable to owners stood at 530 crore rupees against 135 crore rupees previously.
Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.
Reported by AI
India's listed brokers and exchanges posted strong results for the March quarter. Growth came from higher margin trading and increased market activity.
Shares of Adani Energy Solutions fell more than 3% despite the company reporting a 6% year-on-year increase in fourth-quarter net profit to Rs 684 crore. Revenue jumped 17% to Rs 7,443 crore, supported by key transmission projects.
Reported by AI
RBL Bank announced a threefold increase in its fourth-quarter net profit, reaching Rs 230 crore, up 233% from the previous year. The growth came from strong business expansion and better asset quality, even as net interest margins dipped. Net advances rose 23% year-on-year, led by the retail segment.