ITC profit rises while IndusInd Bank reports significant decline in earnings

ITC's Q2 profit increased by 3% year-on-year to ₹5,078 crore, but its operating margin fell short of expectations. The company's ability to maintain profitability in a volatile market is still a challenge.

On the other hand, IndusInd Bank saw a significant decline in its Q2 profit, dropping 39.2% year-on-year to ₹1,325.5 crore, compared to ₹2,181.5 crore in the previous year. This decline raises concerns about the bank's financial health.

While specific financial details were not disclosed, investors are closely monitoring the performance of Godrej Consumer Products in the current economic conditions.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings