STARTUP/TECHNOLOGY
HCL Infosystems Business Will Contract As Losses Widen In FY26
HCL Infosystems has no ability to invest in new businesses or expand its existing operations, said Chairman Nikhil Sharma. . The loss making company will continue to contract in the foreseeable future as it focuses on supporting legacy contracts and recovering long-overdue customer dues, he said in the latest annual report. Financial support from promoters […]
CW Bureau
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Aug 25, 2026
BANKING & FINANCE
Aptus Value Housing Finance Q1 PAT Jumps 19%; AUM Crosses ₹13,600 Cr
Aptus Value Housing Finance India Ltd reported a 19% year-on-year increase in net profit to ₹261 crore for the first quarter of FY27, driven by robust loan growth, higher disbursements and continued expansion of its branch network. The Chennai-based affordable housing finance company had posted a net profit of ₹219 crore in the corresponding quarter […]
CW Bureau
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Jul 31, 2026
BANKING & FINANCE
Northern Arc Capital Q1 Profit Jumps 41% To ₹114 Cr On Loan Book Growth
Diversified financial services platform Northern Arc Capital Ltd reported a 41% year-on-year increase in its consolidated profit after tax (PAT) to ₹114 crore in the first quarter of FY27, driven by healthy growth in lending assets, higher net interest income and improving asset quality. The company’s net interest income (NII) rose 32% year-on-year to ₹394 […]
CW Bureau
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Jul 27, 2026
BANKING & FINANCE
IDFC FIRST Bank Q1 Profit Rises 132% To Record ₹1,075 Cr, Bad Loans Drop
IDFC FIRST Bank delivered its strongest quarterly performance to date, reporting a record profit after tax (PAT) of ₹1,075 crore for the first quarter of FY27, more than doubling from ₹463 crore in the corresponding quarter last year, driven by improved margins, healthier asset quality and robust business growth. The bank’s net interest margin (NIM) […]
CW Bureau
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Jul 25, 2026
BANKING & FINANCE
Shriram Finance Q1 Profit Zooms 60% As Lending Momentum Stays Strong
Shriram Finance Ltd has reported around 60% year-on-year jump in its standalone net profit in the June quarter, driven by strong growth in lending, higher net interest income and expansion of its loan portfolio. The non-banking financial company (NBFC) posted a profit after tax (PAT) of ₹3,444.56 crore for the first quarter ended June 30, […]
CW Bureau
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Jul 24, 2026
BANKING & FINANCE
UCO Bank Q4 Net Profit Rises 23% to ₹801 Cr On Improved Asset Quality
Public sector lender UCO Bank reported a 22.66% increase in net profit at ₹801 crore for the March quarter, aided by continued improvement in asset quality. Net interest income contracted by 3.11% to ₹2,614 crore. Global Net Interest Margin (NIM) improved 1 bps to 3%, while domestic NIM fell 3 bps to 3.19%. Fee-based income […]
CW Bureau
·
Apr 26, 2026
