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New Delhi, Jan 25 () Private sector lender ICICI Bank on Saturday reported an over two-fold jump in standalone net profit at Rs 4,146.46 crore for the third quarter ended December 2019.
It had registered a net profit of Rs 1,604.91 crore in the October-December period a year ago, ICICI Bank said in a BSE filing.
Total income rose 17.23 per cent to Rs 23,638.26 crore during the quarter under review as compared to Rs 20,163.25 crore in the corresponding period a year ago.
The bank's asset quality improved with gross non-performing assets (NPAs) falling to 5.95 per cent of gross loans at December-end 2019, compared to 7.75 per cent a year ago.
"The net interest margin was 3.77 per cent in Q3, FY2020 compared to 3.64 per cent in the quarter ended September 30, 2018 (Q2, FY2020) and 3.40 per cent in Q3, FY2019," ICICI Bank said in a statement.
Net NPAs stood at 1.49 per cent of total advances as against 2.58 per cent as on December 2018.
"Provisions (excluding taxes) declined by 51 per cent year-on-year to Rs 2,083 crore in Q3 FY2020 from Rs 4,244 crore in Q3 FY2019," it said. 
In absolute term, gross bad loans of the lender stood at Rs 43 453.86 crore as on December 31, 2019 as compared to Rs 51 591.47 crore a year ago
Net bad loans were valued at Rs 10,388.50 crore as against Rs 16,252.44 crore in the same quarter of the previous fiscal.
On consolidated basis, the net profit was at Rs 4,670.10 crore during the quarter ended December 2019, against Rs 1,874.33 crore in the corresponding quarter a year earlier.
Income, on consolidated basis, was at Rs 38,370.95 crore during the quarter ended December 2018-19 from Rs 33,433.31 crore in the year-ago period.
Treasury income grew by 11 per cent year-on-year to Rs 531 crore in quarter under review from Rs 479 crore in the third quarter a year ago, it said.
 Net interest margin was 3.77 per cent in the third quarter.
ICICI Bank said the recoveries, upgrades and other deletions, excluding write-offs were at Rs 4,088 crore in Q3, FY2020. KRH MKJ

ICICI Bank Q3 net profit rises over two-fold to Rs 4,146 crore

CiscoCisco CEO Chuck RobbinsCisco just reported its third-quarter, FY2017 earnings.It reported: $11.9 billion in revenue. Analysts expected $11.89 billion, so that's a small beat.EPS of $0.60, excluding extraordinary items. Analysts expected $0.58, so that's a beat.This was its sixth consecutive quarterly decline in revenues, though only by a hair. In its third quarter a year ago, Cisco posted $12 billion in revenues.Still, the stock is down about 5% in after-hours trading. Despite that expectation, <a href="http://www.businessinsider.com/cisco-naysayer-reverses-course-rates-stock-a-buy-2017-4">Wall Street has generally been pleased with Cisco's direction of late.</a> Under CEO Chuck Robbins, Cisco has been spending big bucks on acquisitions to expand into growing markets, offsetting the declines in some of its bread-and-butter networking equipment business. Robbins is particularly focused on remaking the company into a software business with recurring revenues from lots of products in lots of markets other than networking.More to come.Here's <a href="http://investor.cisco.com/investor-relations/news-and-events/news/news-details/2017/Cisco-Reports-Third-Quarter-Earnings/default.aspx">the press release.</a>Cisco Reports Third Quarter EarningsSAN JOSE, CA -- (Marketwired) -- 05/17/17 -- Cisco (NASDAQ: CSCO)<ul><li>Q3 Revenue: $11.9 billion -- Decrease of (1)% year over year -- Recurring revenue was 31% of total revenue, up 2 pts year over year</li><li>Q3 Earnings per Share: $0.50 GAAP; $0.60 non-GAAP</li><li>Q4 FY2017 Outlook: -- Revenue: (6)% to (4)% decline year over year -- Earnings per Share: GAAP $0.46 to $0.51; Non-GAAP: $0.60 to $0.62</li></ul>Cisco (NASDAQ: CSCO) today reported third quarter results for the period ended April 29, 2017. Cisco reported third quarter revenue of $11.9 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.5 billion or $0.50 per share, and non-GAAP net income of $3.0 billion or $0.60 per share."I am pleased with the progress we are making on the multi-year transformation of our business," said Chuck Robbins, CEO, Cisco. "The Network is becoming even more critical to business success as our customers add billions of new connections to their enterprises. We are laser focused on delivering unparalleled value through highly secure, software-defined, automated and intelligent infrastructure."<table><tbody><tr><td colspan="14"> </td></tr><tr><td colspan="14">GAAP Results</td></tr><tr><td colspan="14"> </td></tr><tr><td> </td><td> </td><td colspan="4">Q3 FY2017</td><td> </td><td colspan="4">Q3 FY2016</td><td> </td><td colspan="2">Vs. Q3 FY2016</td></tr><tr><td>Revenue</td><td> </td><td>$</td><td>11.9</td><td> </td><td>billion</td><td> </td><td>$</td><td>12.0</td><td> </td><td>billion</td><td> </td><td>(1</td><td>)%</td></tr><tr><td>Net Income</td><td> </td><td>$</td><td>2.5</td><td> </td><td>billion</td><td> </td><td>$</td><td>2.3</td><td> </td><td>billion</td><td> </td><td>7</td><td>%</td></tr><tr><td>Diluted Earnings per Share (EPS)</td><td> </td><td>$</td><td>0.50</td><td> </td><td> </td><td> </td><td>$</td><td>0.46</td><td> </td><td> </td><td> </td><td>9</td><td>%</td></tr><tr><td colspan="14"> </td></tr><tr><td colspan="14">Non-GAAP Results</td></tr><tr><td colspan="14"> </td></tr><tr><td> </td><td> </td><td colspan="4">Q3 FY2017</td><td> </td><td colspan="4">Q3 FY2016</td><td> </td><td colspan="2">Vs. Q3 FY2016</td></tr><tr><td>Net Income</td><td> </td><td>$</td><td>3.0</td><td> </td><td>billion</td><td> </td><td>$</td><td>2.9</td><td> </td><td>billion</td><td> </td><td>5</td><td>%</td></tr><tr><td>EPS</td><td> </td><td>$</td><td>0.60</td><td> </td><td> </td><td> </td><td>$</td><td>0.57</td><td> </td><td> </td><td> </td><td>5</td><td>%</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr></tbody></table>The third quarter of fiscal 2017 had 13 weeks compared with 14 weeks in the third quarter of fiscal 2016.Reconciliations between net income, EPS and other measures on a GAAP and non-GAAP basis are provided in the tables located in the section entitled "Reconciliations of GAAP to non-GAAP Measures.""We executed well in Q3, delivering $11.9 billion in total revenue, while driving solid profitability and cash generation as we deliver on our strategic priorities," said Kelly Kramer, CFO, Cisco. "We will continue to invest in growth areas as we move the business toward more software and recurring revenue and return value to shareholders."Financial SummaryAll comparative percentages are on a year-over-year basis unless otherwise noted.Q3 FY 2017 HighlightsRevenue -- Total revenue was $11.9 billion, down 1%, with product revenue flat and service revenue down 2%. 31% of total revenue was from recurring offers, up from 29% for the third quarter of fiscal 2016. Revenue by geographic segment was: Americas flat, EMEA flat, and APJC down 2%. Product revenue performance was led by Wireless and Security, which increased by 13% and 9%, respectively. Switching revenue increased by 2%. NGN Routing, Collaboration, Data Center, and Service Provider Video revenue decreased by 2%, 4%, 5%, and 30%, respectively.Gross Margin -- On a GAAP basis, total gross margin and product gross margin were 63.0% and 61.7%, respectively. The decrease in the product gross margin compared with 63.8% in the third quarter of fiscal 2016 was primarily due to pricing, a supplier component remediation adjustment in the third quarter of fiscal 2016, and product mix, partially offset by continued productivity improvements.Non-GAAP total gross margin and product gross margin were 64.4% and 63.2%, respectively. The decrease in non-GAAP product gross margin compared with 64.5% in the third quarter of fiscal 2016 was primarily due to pricing and product mix, partially offset by continued productivity improvements.GAAP service gross margin was 66.7% and non-GAAP service gross margin was 67.8%.Total gross margins by geographic segment were: 64.6% for the Americas, 65.5% for EMEA and 61.8% for APJC.Operating Expenses -- On a GAAP basis, operating expenses were $4.3 billion, down 8%. Non-GAAP operating expenses were $3.8 billion, down 9%, and were 32.1% of revenue.Operating Income -- GAAP operating income was $3.2 billion, up 6%, with GAAP operating margin of 26.5%. Non-GAAP operating income was $3.9 billion, up 7%, with non-GAAP operating margin at 32.3%.Provision for Income Taxes -- The GAAP tax provision rate was 21.2%. The non-GAAP tax provision rate was 22.0%.Net Income and EPS -- On a GAAP basis, net income was $2.5 billion and EPS was $0.50. On a non-GAAP basis, net income was $3.0 billion, an increase of 5%, and EPS was $0.60, an increase of 5%.Cash Flow from Operating Activities -- was $3.4 billion, an increase of 10% compared with $3.1 billion for the third quarter of fiscal 2016.Balance Sheet and Other Financial HighlightsCash and Cash Equivalents and Investments -- were $68.0 billion at the end of the third quarter of fiscal 2017, compared with $71.8 billion at the end of the second quarter of fiscal 2017, and compared with $65.8 billion at the end of fiscal 2016. The total cash and cash equivalents and investments available in the United States at the end of the third quarter of fiscal 2017 were $2.9 billion.Deferred Revenue -- was $17.3 billion, up 13% in total, with deferred product revenue up 26%, driven largely by subscription-based and software offerings. Deferred service revenue was up 7%. The portion of product deferred revenue related to recurring software and subscription businesses grew 57% which includes the acquisition during the third quarter of fiscal 2017 of AppDynamics. Excluding AppDynamics, the increase was 51%.Capital Allocation -- In the third quarter of fiscal 2017, Cisco declared and paid a cash dividend of $0.29 per common share, or $1.5 billion. For the third quarter of fiscal 2017, Cisco repurchased approximately 15 million shares of common stock under its stock repurchase program at an average price of $33.71 per share for an aggregate purchase price of $0.5 billion.As of April 29, 2017, Cisco had repurchased and retired 4.7 billion shares of Cisco common stock at an average price of $21.21 per share for an aggregate purchase price of approximately $99.1 billion since the inception of the stock repurchase program. The remaining authorized amount for stock repurchases under this program is approximately $12.9 billion with no termination date.AcquisitionsIn the third quarter of fiscal 2017, Cisco completed its acquisition of AppDynamics, Inc. The AppDynamics acquisition provides cloud application and business monitoring platforms that are designed to enable companies to improve application and business performance.On May 1, 2017, Cisco announced its intent to acquire Viptela, Inc., a privately held software-defined wide area network company. The acquisition is expected to close in the second half of calendar 2017.On May 4, 2017, Cisco announced its intent to acquire the Advanced Analytics team and associated advanced analytics intellectual property developed by Saggezza, a privately held technology services company. The acquisition is expected to close in the fourth quarter of fiscal 2017.On May 11, 2017, Cisco announced its intent to acquire MindMeld, Inc., a privately held artificial intelligence (AI) company. The acquisition is expected to close in the fourth quarter of fiscal 2017.Business Outlook for Q4 FY 2017Cisco expects to achieve the following results for the fourth quarter of fiscal 2017:<table><tbody><tr><td> </td><td> </td><td> </td></tr><tr><td>Q4 FY 2017</td><td> </td><td> </td></tr><tr><td>Revenue</td><td> </td><td>(6)% to (4)% decline Y/Y</td></tr><tr><td>Non-GAAP gross margin rate</td><td> </td><td>63% - 64%</td></tr><tr><td>Non-GAAP operating margin rate</td><td> </td><td>29.5% - 30.5%</td></tr><tr><td>Non-GAAP tax provision rate</td><td> </td><td>22%</td></tr><tr><td>Non-GAAP EPS</td><td> </td><td>$0.60 - $0.62</td></tr><tr><td> </td><td> </td><td> </td></tr></tbody></table>Cisco estimates that GAAP EPS will be $0.46 to $0.51 which is lower than non-GAAP EPS by $0.11 to $0.14 per share in the fourth quarter of fiscal 2017.A reconciliation between the Business Outlook for Q4 FY 2017 on a GAAP and non-GAAP basis is provided in the table entitled "GAAP to non-GAAP Business Outlook for Q4 FY 2017" located in the section entitled "Reconciliations of GAAP to non-GAAP Measures." Get the latest Cisco stock price<a href="http://markets.businessinsider.com/stock/csco-Quote"> here.</a> <h3>NOW WATCH: <a href="http://www.businessinsider.com/marines-corps-machine-gun-wielding-robot-controlled-by-tablet-2017-4">The Marine Corps is testing a machine gun-wielding robot controlled with just a tablet and a joystick</a></h3> Please enable Javascript to watch this video

Live! Cisco reports earnings

Chennai, Credit rating agency <keyword id="19908266" type="General" weightage="20" keywordseo="icra" source="keywords">ICRA</keyword> on Wednesday said <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword>'s Gross Domestic Product (GDP) would grow at 6 per cent in Q3 FY2024 from 7.6 per cent in Q2 FY2024. Further, the Gross Value Added (GVA) growth is estimated to ease to 6 per cent in Q3 FY2024 from 7.4 per cent in Q2 FY2024, driven by the industrial and agriculture sectors, amid an improvement in the services sector. According to ICRA, the anticipated deterioration in the industrial sector growth in Q3 FY2024 is partly attributable to an adverse base effect and a deceleration in volume expansion even as the continued deflation in commodity prices kept profitability of some sectors favourable. Additionally, a mild 0.2 per cent contraction in the total spending of Government of India and 25 state governments (all states except <keyword id="19915575" type="General" weightage="20" keywordseo="arunachal-pradesh" source="keywords">Arunachal Pradesh</keyword>, <keyword id="19895061" type="General" weightage="20" keywordseo="goa" source="keywords">Goa</keyword> and Manipur) in Q3 FY2024 is expected to have dulled the GVA growth in the quarter. "Lower volume growth for the industrial sector, flagging momentum in certain indicators of investment activity, a slowdown in Government expenditure and an uneven monsoon are expected to dampen the GDP growth to 6.0 per cent in Q3 FY2024 from 7.6 per cent in Q2 FY2024," <keyword id="20028743" type="General" weightage="20" keywordseo="aditi-nayar" source="keywords">Aditi Nayar</keyword>, Chief Economist, Head-Research &amp; Outreachs said. ICRA estimates the industrial GVA growth to record a broad-based moderation to 8.8 per cent in Q3 FY2024 from 13.2 per cent in Q2 FY2024, led by all four sub-sectors, namely, manufacturing, electricity, construction and mining and quarrying. ICRA projects manufacturing GVA expansion at a healthy 10 per cent in Q3 FY2024, twice as high as the 4.7 per cent seen in Q1 FY2024, albeit lower than the 13.9 per cent recorded in Q2 FY2024, amid a deceleration in volume growth as reflected in the manufacturing Index of Industrial Production (IIP). Owing to the decline in output across all major kharif crops projected by the First Advance Estimates, ICRA projects the growth in agriculture, forestry, and fishing to dip to a muted 0.5 per cent in Q3 FY2024 from 1.2 per cent in Q2 FY2024. This would be the lowest growth print for the sector since Q4 FY2019 (-0.9 per cent). In contrast to industry and agriculture, ICRA estimates the services GVA YoY growth to rise to 6.5 per cent in Q3 FY2024 from 5.8 per cent in Q2 FY2024, led by trade, hotels, transport, communication and services related to broadcasting.

India's FY24 third quarter GDP growth seen at 6%: ICRA

<keyword id="895682" type="General" weightage="20" keywordseo="Adani-Ports" source="Orion">Adani Ports</keyword> and Special Economic Zone on Tuesday reported a net profit of Rs 1,479 crore during Q3FY22, down six per cent year-on-year. In the same quarter last fiscal, the net profit was Rs 1,577 crore. The company's consolidated revenue during the quarter grew one per cent to Rs 3,797 crore, as compared to Rs 3,746 crore in the same period last fiscal. EBITDA fell two per cent during the quarter to Rs 2,431 crore. During Q3FY22, cargo volumes were subdued due to higher commodity prices and disruptions in the supply chain. <keyword id="1033941" type="General" weightage="20" keywordseo="karan-adani" source="Orion">Karan Adani</keyword>, Chief Executive Officer and <keyword id="253911" type="General" weightage="20" keywordseo="whole-time-director" source="Orion">Whole Time Director</keyword> of <keyword id="841459" type="General" weightage="20" keywordseo="apsez" source="Orion">APSEZ</keyword>, said: "Our learnings in 2020 helped us weather the storm and our operational expertise allowed us to continue our expansion. The addition of two ports in 2021 - Krishnapatnam and <keyword id="1073434" type="General" weightage="20" keywordseo="gangavaram" source="Orion">Gangavaram</keyword> in Andhra Pradesh on the east coast of India - to the ones on the west coast continued to tighten our pan-India presence." "Our under-construction port of Vizhinjam in Kerala, along with our new terminal in Colombo, Sri Lanka, will act as a new transshipment hub in southeast Asia." With an extensive focus on the use of renewable energies the company is on the road to achieving carbon neutrality by 2025 and becoming the world's most sustainable ports company, he added. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/union-budget-2022-all-you-need-to-know-about-the-ev-battery-swapping-policy/slidelist/89274280.cms">Union Budget 2022: All you need to know about the EV battery swapping policy</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/budget/news/diamonds-will-now-be-cheaper-imitation-jewellery-and-umbrellas-costlier-here-are-the-highlights-on-how-budget-2022-will-impact-imports/articleshow/89272589.cms">Diamonds will now be cheaper, imitation jewellery and umbrellas costlier – here are the highlights on how Budget 2022 will impact imports</a>

Adani Ports' net profits decline by 6% in the third quarter of FY22

New Delhi: Steel companies in the country are likely to face margin pressure in the third quarter of FY25 as muted steel prices compress spreads, according to a report by Axis Securities. The report stated that the weak demand in China and higher exports from the country have been identified as key factors behind the decline in steel prices. The report highlighted that <keyword id="24048830" type="General" weightage="20" keywordseo="Chinese-steel-exports" source="keywords">Chinese steel exports</keyword> reached 92 million tonnes per annum (MTPA) between January and October 2024, marking a 22 per cent year-on-year increase. This has led to an oversupply in the global market, weighing down prices domestically. It said "Weak Chinese domestic demand along with higher Chinese exports has led to a decline in steel prices in India. Chinese steel exports from Jan'24 to Oct'24 stood at 92 MTPA, up 22 per cent YoY" In India, the average price of hot-rolled coil (HRC) steel in the trader's market in Mumbai fell by 8 per cent year-on-year and 6 per cent quarter-on-quarter to Rs 51,802 per tonne in the second quarter of FY25. Spot prices have further declined to Rs 49,000 per tonne, 5 per cent lower than the Q2FY25 average. The report also noted some signs of recovery in China's residential property sector, with increased transactions in major cities following policy measures aimed at boosting demand. However, challenges remain, as the three-month moving average of year-to-date floor space declined by 19 per cent year-on-year in September 2024, remaining in negative territory. It said "China's residential property sector is showing some signs of improvement with the transactions in major cities rising after recent policy measures introduced to boost demand". On the global front, the report noted that the probability of a 25-basis point rate cut by the US Federal Reserve in its December 2024 meeting has fallen to 58.9 per cent, down from 76.8 per cent in October 2024, owing to strong economic data from the US. Additionally, China has removed a 13 per cent export rebate on aluminum and copper, effective December 1, 2024, in response to anticipated tariff measures by the new US administration. These developments highlight the ongoing challenges and potential shifts in the global and domestic steel and metals markets.

Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

<ul class="summary-list"><li>Gucci had a challenging third quarter partly due to its APAC slump, per Kering's latest earnings call.</li><li>The Italian luxury brand's sales dropped 25% this quarter compared to the previous year.</li></ul>Gucci just had a bad quarter, and Kering is attributing the lackluster performance to a slump in its Asia Pacific market.The Italian luxury brand saw a 25% drop in quarterly revenue as compared to a year before.Gucci's parent company, French luxury group Kering, reported $1.77 billion in sales in the third quarter of 2024, compared to $2.39 billion in the same period last year."Sales from the directly operated retail network were down 25% on a comparable basis, the House being particularly impacted by market conditions, especially in Asia-Pacific," Kering's press release on Wednesday said of Gucci.The Asia Pacific region, which accounted for about a third of Gucci's global revenue this quarter, was the major dampener on sales.According to a third-quarter revenue infographic by Kering, sales in the APAC region were down 38% compared to the previous year."With discipline and determination, we are executing a far-reaching transformation of the Group, and at Gucci in particular, at a time when the whole luxury sector faces unfavorable market conditions," the group's CEO, François-Henri Pinault, said in the release."This severely impacts our performances in the short term," he added.Kering's performance was weaker than analysts had predicted."Overall, we were expecting a challenging 3Q print, and some level of reduction in FY24E EBIT guidance, however the magnitude of earnings erosion in the short term is worse than expected," analysts at RBC said in a note seen by Reuters."Of course, the debate continues to center on Gucci. How can the brand recover its mojo, how will margins ever build towards the 41%+ mid-term target, especially after FY23?" Jefferies analysts, led by James Grzinic, wrote in a note released on Wednesday.Luxury brands have been struggling in the Asian market, particularly in China. LVMH <a target="_blank" class="" href="https://www.businessinsider.com/lvmh-luxury-louis-vuitton-struggles-china-slowdown-2024">reported a 3% year-over-year decline in sales</a> in the third quarter due to waning demand from Chinese consumers.An ongoing property crisis, geopolitical tensions, and high youth unemployment rates have weakened consumer confidence in the country, which was once heralded as one of the world's hottest luxury markets.However, a bright spot for Gucci in Asia was Japan. According to Kering, Gucci saw a 7% increase in sales in Japan in the third quarter compared to the start of 2024.Luxury <a target="_blank" class="" href="https://www.businessinsider.com/rich-chinese-flock-to-japan-in-search-of-luxury-bargains-2024-7">sales in Japan have been strong</a> despite a downturn across Asia. This was partially because of its weakened currency, which attracted foreign tourists to buy luxury items on its shores."Right now, the devaluation of the yen is driving a lot of tourism to Japan," Amrita Banta, managing director of luxury insights firm Agility Research &amp; Strategy, told Business Insider in July.Apart from Gucci, Kering's other brand, Yves Saint Laurent, also suffered a loss. YSL's sales were down 12% compared to the same period last year, Kering reported.Shares for Kering fell nearly 1.5% after its earnings were released on Wednesday in Europe. Kering's stock has fallen over 40% year-to-date.The third quarter earnings come shortly after Kering appointed Stefano Cantino as Gucci's new chief executive on October 8. Cantino was previously the brand's deputy CEO. Representatives for Kering did not respond to a request for comment from Business Insider sent outside regular business hours.

Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

New Delhi, Jan 31 () The country's largest lender SBI on Friday reported a 41 per cent jump in net profit to Rs 6,797.25 crore in the October-December quarter this fiscal compared to Rs 4,823.29 crore in the year-ago period.
 Consolidated income rose to Rs 95,384.28 crore in the third quarter from Rs 84,390.14 crore in October-December 2018-19, SBI said in a regulatory filing.
 On asset front, the lender showed improvement with the gross non-performing assets (NPAs) falling to 6.94 per cent of the gross advances as at December 31, 2019 from 8.71 per cent by same period in 2018. The net NPAs dropped to 2.65 per cent from 3.95 per cent.
 On standalone basis, net profit jumped 41.2 per cent to Rs 5,583.36 crore in the third quarter of the current fiscal compared to Rs 3,954.81 crore during the corresponding October-December period in the same period a year ago.
 "This is also the highest ever quarterly net profit recorded by the bank," SBI said.
 Income (standalone) of the bank rose to Rs 76,797.91 crore as against Rs 70,311.84 crore in same period of 2018-19.
 During the quarter, the bank exercised the option of lower tax rate taking a one-time hit of Rs 1,333 crore.
 "Excluding the impact of this one-time additional hit, net profit in Q3FY20 would have been Rs 6,916 crore against Rs 3,955 crore in Q3FY19," SBI said.
 The provisioning for bad loans (standalone) too came down to Rs 8,193.06 crore for the third quarter of 2019-20 from Rs 13,970.82 crore parked aside for year ago period.
 SBI shares were trading 2.14 per cent higher at Rs 317.35 on BSE. KPM MR
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ICICI Bank Q3 net profit rises over two-fold to Rs 4,146 crore

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Live! Cisco reports earnings

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India's FY24 third quarter GDP growth seen at 6%: ICRA

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Adani Ports' net profits decline by 6% in the third quarter of FY22

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Falling steel prices amid Chinese export surge, to reduce profits of companies in Q3 FY25: Report

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Things aren't looking great at Gucci, and Kering says its APAC slump is to blame

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SBI share price jumps over 2% as profit spikes 41% in the latest quarterly earnings

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