State Bank of India
SBI’s Q3 earnings were largely in-line with estimates. It’s net profit came in at Rs 8,431.8 crore against CNBC-TV18 poll of Rs 8,538.7 crore, while net interest income stood at Rs 30,687.2 crore as compared to CNBC-TV18 poll of Rs 30,792.8 crore.
The company’s profit jumped to Rs 9,572.67 crore in Q3FY22 against Rs 3,697.22 crore in Q3FY21. Revenue also surged to Rs 60,783.11 crore from Rs 41,935.21 crore YoY.
City Union Bank
The bank reported higher profit at Rs 196.11 crore in Q3FY22 against Rs 169.93 crore in Q3FY21, while net interest income rose to Rs 489.97 crore from Rs 489.05 crore YoY.
The company reported a net loss at Rs 778.5 crore against a loss of Rs 535.5 crore YoY. However, revenue jumped 89 percent at Rs 1,456.1 crore as compared to Rs 772 crore YoY.
The company reported a lower profit at Rs 482.70 crore in Q3FY22 against Rs 631.58 crore in Q3FY21. However, revenue rose to Rs 3,637.11 crore from Rs 3,557.21 crore YoY.
The company recorded profit at Rs 129.78 crore in Q3FY22 against loss of Rs 620.14 crore in Q3FY21, while revenue jumped to Rs 9,294.77 crore from Rs 4,909.98 crore YoY.
CMS Info Systems
The company clocked strong profit at Rs 60.24 crore in Q3FY22 against Rs 40.7 crore in Q3FY21, and revenue rose to Rs 403.65 crore from Rs 332.53 crore YoY.
The company reported higher profit at Rs 69.9 crore in Q3FY22 against Rs 49.5 crore in Q3FY21, but revenue fell to Rs 738.3 crore from Rs 739.8 crore YoY.
The company on February 9, will consider the proposal for buyback of shares.
Kedar Upadhye has resigned from the position of Global Chief Financial Officer of the company to pursue his professional aspirations beyond the pharmaceutical and healthcare sector.
FII & DII DATA
FII Net SELL – 2267.86 cr
DII Net BUY – 621.98 cr