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    Vikshita Vitthal Gujaran in News

    24-Apr-2023 06:09 AM


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    Induslnd Bank, Bank of Maharashtra, Nelco Q4 results today

    IndusInd Bank Ltd., along with other companies such as Persistent Systems Ltd. and Mahindra Logistics Ltd., is set to announce their financial results for FY23 on Monday.
    Apart from Q4 results, IndusInd's board of directors are likely to consider and recommend dividend for FY23 in a meeting today.
    IndusInd Bank has already announced its balance sheet figures for March 2023 quarter.
    During the December 2022 quarter, IndusInd surpassed estimates with a PAT of ₹1,959.20 crore up by a whopping 68.71% YoY and 9.65% QoQ. While net interest income (NII) stood at ₹4,495.34 crore higher by 18.5% YoY and 4.5% QoQ. The lender's provisions dipped by 35.63% YoY and 6.69% sequentially to ₹1,064.73 crores.
    During the trading session from April 17th to April 21st, Sensex edged up marginally by 182 points or 0.3%.
    Meanwhile, the Q4 earnings of Bank of Maharashtra, Century Textiles and Industries Ltd., Maharashtra Scooters Ltd., NELCO Ltd., Tamilnad Mercantile Bank Ltd., and Tata Teleservices (Maharashtra) Ltd. are expected to be announced.

    Source -MINT