Why post tax cost of debt

Bandhan Bank's advances for the quarter rose 11.1 percent YoY to Rs 97,787 crore Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Bandhan Bank on January 20 posted a 66 percent drop in its net profit for the December quarter (Q3FY23) at Rs 290.57 crore amid a sharp jump in provisions and total cost. The lender had logged Rs 858.97 crore profit in the year-ago period. Its total expenditure rose 34.65 percent from the year-ago period to Rs 2,918.77 crore. Provisions and contingencies jumped 91.32 percent to Rs 1,541.49 crore versus Rs 805.71 crore year-on-year (YoY). Meanwhile, net interest income (NII) or the income a bank earns by giving loans, fell marginally by 2.1 percent YoY to Rs 2,080.43 crore. Other income increased nearly 45.74 percent YoY to Rs 1,033.30 crore. The lender's non-performing assets improved. Gross … [Read more...] about Bandhan Bank Q3: Net profit falls 66% YoY on higher provisions, total cost

Stripe Inc. (Image: Shutterstock) Digital payments firm Stripe has hired Wall Street banks Goldman Sachs and JP Morgan to explore a public listing and alternatives to allow employees to cash out stakes in the private company, two sources familiar with the matter told Reuters. The move, communicated to Stripe employees in an internal memo earlier on Thursday, would give them an opportunity to sell shares in the company either to private investors or in a public market, the sources said. Either possibility would address the problem that some employee share options are coming up for expiry but Stripe shares are not currently listed. The aim is to have one arrangement or the other in place within a year, the sources said, adding that if private sales are arranged the buyers will cover tax costs. A 2021 round of fundraising valued Stripe at $95 billion, but the sources said the company had recently cut its own assessment of its value to $65 billion. Read More … [Read more...] about Stripe hires Goldman, JP Morgan to explore listing and private share sale

Representative Image The Directorate General of Civil Aviation (DGCA) on January 25 announced new guidelines asking airlines to refund passengers that were downgraded to a lower class. As part of the new guidelines, the aviation regulator has asked airlines to issue a 75 percent refund of the cost of ticket including taxes to passenger that were downgraded when flying on a domestic route. Similarly, for passengers flying on international routes, if the route length is 1,500 km or lower, airlines will have to provide a refund amounting to 30 percent of the cost of ticket including taxes, if a passenger's seat is downgraded. For international flights between 1,500 km and 3,500 km, airlines will have to provide a refund amounting to 50 percent of the cost of ticket including taxes, if a passenger's seat is downgraded. ALSO READ: DGCA sets new rules for duty timings of air traffic control employees Read More COVID-19 Vaccine Frequently Asked Questions … [Read more...] about DGCA amends norms to provide refund to passengers who were shifted to lower class

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sterlite Technologies are: Net Sales at Rs 1,882.00 crore in December 2022 up 38.84% from Rs. 1,355.53 crore in December 2021. Quarterly Net Profit at Rs. 50.00 crore in December 2022 up 136.47% from Rs. 137.10 crore in December 2021. EBITDA stands at Rs. 251.00 crore in December 2022 up 811.85% from Rs. 35.26 crore in December 2021. Sterlite Techno EPS has increased to Rs. 1.95 in December 2022 from Rs. 3.45 in December 2021. Sterlite Techno shares closed at 179.60 on January 25, 2023 (NSE) and has given 29.12% returns over the last 6 months and -13.86% over the last 12 months. Sterlite Technologies Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from … [Read more...] about Sterlite Techno Consolidated December 2022 Net Sales at Rs 1,882.00 crore, up 38.84% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Ndr Auto Components are: Net Sales at Rs 105.73 crore in December 2022 up 90.73% from Rs. 55.43 crore in December 2021. Quarterly Net Profit at Rs. 5.68 crore in December 2022 up 77.45% from Rs. 3.20 crore in December 2021. EBITDA stands at Rs. 8.77 crore in December 2022 up 71.62% from Rs. 5.11 crore in December 2021. Ndr Auto Compon EPS has increased to Rs. 9.56 in December 2022 from Rs. 5.38 in December 2021. Read More Ndr Auto Compon shares closed at 615.05 on January 25, 2023 (NSE) and has given 64.01% returns over the last 6 months and 46.35% over the last 12 months. Ndr Auto Components Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income … [Read more...] about Ndr Auto Compon Consolidated December 2022 Net Sales at Rs 105.73 crore, up 90.73% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Standalone quarterly numbers for Sonata Software are: Net Sales at Rs 233.17 crore in December 2022 up 25.45% from Rs. 185.87 crore in December 2021. Quarterly Net Profit at Rs. 64.69 crore in December 2022 up 15% from Rs. 56.25 crore in December 2021. EBITDA stands at Rs. 81.82 crore in December 2022 up 13.28% from Rs. 72.23 crore in December 2021. Sonata EPS has decreased to Rs. 4.67 in December 2022 from Rs. 5.42 in December 2021. Sonata shares closed at 593.10 on January 23, 2023 (NSE) and has given 5.88% returns over the last 6 months and -3.39% over the last 12 months. Sonata Software Standalone Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 233.17 237.19 185.87 Other … [Read more...] about Sonata Standalone December 2022 Net Sales at Rs 233.17 crore, up 25.45% Y-o-Y

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Reported Consolidated quarterly numbers for Sonata Software are: Net Sales at Rs 2,260.78 crore in December 2022 up 21.68% from Rs. 1,858.02 crore in December 2021. Quarterly Net Profit at Rs. 117.66 crore in December 2022 up 20.47% from Rs. 97.67 crore in December 2021. EBITDA stands at Rs. 172.81 crore in December 2022 up 17.61% from Rs. 146.94 crore in December 2021. Sonata EPS has decreased to Rs. 8.48 in December 2022 from Rs. 9.40 in December 2021. Sonata shares closed at 593.10 on January 23, 2023 (NSE) and has given 5.88% returns over the last 6 months and -3.39% over the last 12 months. Sonata Software Consolidated Quarterly Results in Rs. Cr. Dec'22 Sep'22 Dec'21 Net Sales/Income from operations 2,260.78 1,495.98 … [Read more...] about Sonata Consolidated December 2022 Net Sales at Rs 2,260.78 crore, up 21.68% Y-o-Y

Multiple growth levers are in place such as cost efficiencies, strength in asset quality, high capitalisation, and improved profitability to further enhance the ROE PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Highest-ever quarterly disbursement Momentum is picking up in the co-lending arrangement AUM growth guidance of 30 percent remains intact NIM and spread compression expected in the medium term Overdue buckets continue to shrink Technology remains key driver for cost optimisation Diversifying funding sources Valuation reasonable, given the growth Home First Finance (HFFC; CMP: Rs 794; M Cap: Rs 6,950 crore) has posted healthy quarterly results, riding on improved macros. Net profit increased 28 percent year on year (YoY) in Q3FY23, demonstrating robustness and … [Read more...] about Home First Finance: Consistent show to support valuation re-rating

Santosh Iyer, the newly-appointed MD and CEO of Mercedes-Benz India, sparked a debate in November when he said that systematic investment plans (SIPs) are the luxury car brand’s biggest competitor in the country. He has now clarified that his remarks were made in the context of luxury market growth. “The statement made was in the context of the luxury market growth, what will happen in three to five years’ time,” Iyer told Moneycontrol in an interview . In November, Iyer, who was then the sales and marketing head of Mercedes-Benz India, had told Times of India that SIPs in mutual funds were eating into luxury car sales in India. If a potential customer diverted Rs 50,000 into buying a luxury car instead of investing through SIPs, the luxury car business would “explode,” Iyer had said. “The context of the discussion is that there are a couple of factors to change,” he clarified in a January interview with Moneycontrol. These factors, he said, included the fact that the … [Read more...] about Mercedes-Benz India CEO clarifies why ‘SIPs are competition’. Here is what he said

And you already thought it was difficult to get a reservation at Noma. The Copenhagen restaurant, one of the world’s most famous and a top destination for food tourism, has given notice that it will permanently close its doors to regular service. The good news for fine-dining groupies: The closing won’t come until the end of 2024. Rumors that Noma would close have been swirling for months. Rene Redzepi, chef-owner of Noma, said Monday that it wasn’t possible to make the math of fine dining work for his almost 100 employees and himself. “We have to rethink the industry,” he told the New York Times. In 2021, the restaurant lost money, even with government support, while selling $700 lunches, although it said it expected a better result in 2022. The restaurant is currently offering a seasonal tasting menu including sika deer, game birds and reindeer with forest-scavenged mushrooms and berries for 3,500 Danish kroner ($500), with a 1,800-kroner wine pairing. A Noma … [Read more...] about Noma, one of the world’s best restaurants, is closing its doors