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Company results: HDFC and Just Dial’s profits down, Bata India up

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HDFC released the results for the quarter ended 31 March on Monday. The company’s net profit fell 22 per cent to Rs 2233 crore in the March 2020 quarter. This was lower than Rs 2862 crore in the same quarter last year. HDFC’s gross non-performing loan as on 31 March 2020 was Rs 8908 crore. It is 1.99 per cent of the loan portfolio of the company. At the same time, Just Dial and Bata have benefited.

HDFC released its fourth quarter results on Monday. The company’s board has decided to pay the dividend. The company has decided to pay dividend at the rate of Rs 21 per share. The dividend income of the company was Rs 537 crore in the same quarter last year, which was Rs 2 crore this time. During this period, the company earned a profit of Rs 2 crore from selling investments, which was Rs 321 crore in the same quarter last year.

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The home loan company has stated in its results that due to the coronavirus epidemic, it had to provision Rs 1274 crore. The company had provisioned Rs 398 crore in the same quarter a year ago.

Bata India gains Rs 38 crore in fourth quarter

Footwear major Bata India Ltd.’s integrated net profit fell 56.68 percent to Rs 38.40 crore in the January-March quarter. The company had a net profit of Rs 88.66 crore in the same quarter of the previous fiscal year 2018-19. As per the information given to the stock market, the company’s operating income declined 8.77 percent to Rs 620.57 crore during the period under review. The income of the company was Rs 680.23 crore in the same period of the previous financial year.

Net profit of the company for 2019-20 Rs 328.95 crores

The Kovid-19 lockdown has affected the company’s operations. Because of this his income has decreased. During this period, the company’s total expenditure fell 3.81 percent to Rs 579.46 crore. It was Rs 602.46 crore in the same period of the previous financial year. The company had a net profit of Rs 328.95 crore for the entire financial year 2019-20. This was Rs 328.99 crore in the same period of the previous financial year. The company’s chief executive officer Sandeep Kataria said its retail stores were closed due to the lockdown. Otherwise the company expected to increase profits by the end of the year. The company is expanding its e-commerce business and delivery to more than 1,300 cities. The company has also started selling WhatsApp.

Just Dial gets Rs 76.1 crore net profit in Q4

The integrated net profit of Just Dial, a company that provides local search engine facilities to the people, grew by 21.6 percent to Rs 76.1 crore in the January-March quarter. The company had a net profit of Rs 62.5 crore in the same quarter of the previous fiscal year 2018-19. According to the information given to the stock market, the company’s operating income increased 1.2 percent to Rs 234.9 crore during the review period. This was Rs 232.3 crore in the same period of the previous financial year.

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The company said that its business has been affected by the nationwide lockdown due to the Kovid-19 epidemic. The company said that on 23 March it too closed its offices and provided employees with work from home. It has resumed reopening of offices with limited staff following the recent relaxation in the lockdown rules. The company’s board of directors approved the repurchase of 31,42,857 shares on April 30, 2020, for Rs 220 crore. The maximum price per share has been fixed at Rs 700.

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