Reliance Jio Q3 Results: PAT rises 12% YoY to Rs 5,208 crore, revenue up 10%

Provisions in the quarter dropped sharply to Rs 583 crore, from Rs 1,645 crore a year ago, and Rs 1,292.4 crore a quarter ago.

The net interest income for the quarter increased by 26% on year to Rs 8,845 crore, and was way above an ETNow poll of Rs 7,130 crore.

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.

Bank of Baroda Q2 Results: Net interest income (NII), the difference between interest earned and interest expended, grew by 6.5% YoY to Rs 10,831 crore. The non-interest income grew more than two-fold on year to Rs 4,171 crore during the quarter. Operating profit for the quarter increased by 33% on year to Rs 8,020 crore. The cost-to-income ratio reduced to 46.54% from 49.74% a year ago.

Zee Entertainment Enterprises Ltd reports net loss of ₹53 crore in Q1FY24, compared to a profit of ₹107 crore a year ago.

Sequentially though, the bottomline was far lower than the Rs 3,091-crore profit posted in the June quarter, while revenue declined by more than 10% since the second quarter is typically a seasonally weak one for the sector. Earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR), surged to Rs 2,446 crore for the quarter, from Rs 229 crore a year ago. The operating margin subsequently expanded to 16.4% from 1.8% a year ago.

Net commission for the quarter stood at Rs 6,077 crore, compared with Rs 5,808 crore a year ago. The solvency ratio as of September-end stood at 1.90 times, compared with 1.88 times a year ago. The gross non-performing assets ratio as of September 30 was 2.43%, compared with 5.60% a year ago, and 2.48% a quarter ago.

Net interest income, the difference between interest earned and interest expended, rose 24% YoY to Rs 28,471.34 crore.