Paytm has maintained the growth momentum in the payments services business, expanded financial services business aggressively and are on the way to pre-pandemic volumes for Commerce and Cloud service.
The management believes that the current fiscal will play out pretty much like the last, which saw a sudden pick-up in investment in the second half.
The surge in Coronavirus cases across the country threatens to derail the growth reported by consumer-focussed companies in the March quarter.
Covid-19 hits tech major’s financial performance in the June quarter over the March quarter; net profit up 31.7% over the year-ago period.
Net profit rose 4.5% to ₹1,757 crore on the back of growth in net interest income. Profit did not meet analysts’ estimates but the bank saw a marginal improvement in asset quality.
The Bengaluru-based company expects revenue from its IT services business to rise by up to 2% y-o-y in the March quarter, announces interim dividend of ₹1 per equity share.
Net profit for the quarter ended December 2019 increased to ₹731 crore from ₹331 crore in the corresponding period of the previous year.
The engineering major retained its guidance for order inflow and sales growth but expects private sector capex to stay subdued in the near term.
The country’s largest bank reports a profit of ₹838 crore in the March quarter, NPAs decline.
Relatively stronger balance sheet puts ICICI Bank in analysts’ good books as target prices are revised upwards.
