Axis Bank | The bank reported a net profit of Rs 2,677 crore in Q4FY21 against a loss of Rs 1,388 crore in Q4FY20, while net interest income rose 11 percent to Rs 7,555 crore from Rs 6,808 crore. YoY. Net Interest Margin was at 3.56 percent versus 3.55 percent, YoY.
Britannia Industries | The company’s net profit in Q4FY21 fell 3.3 percent to Rs 360.1 crore from Rs 372.3 crore, while revenue rose 9.2 percent to Rs 3,130.7 crore from Rs 2,867.7 crore, YoY. Volume growth was at 8 percent, in line with estimates.
Bajaj Finance | The company’s Q4FY21 consolidated net profit rose 42 percent to Rs 1,347 crore from Rs 948 crore, while net interest income fell 0.5 percent to Rs 4,659 crore from Rs 4,684 crore, YoY.
Info Edge (India) | The company will sell stake worth Rs 750 crore in the initial public offering (IPO) of its investee company Zomato.
News Source: CNBC TV 18