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New Delhi: Wires producer Paramount Cables has reported a 54 p.c rise in its consolidated web revenue at Rs 22.03 crore within the December quarter of the present fiscal, boosted by greater earnings.
It had posted a web revenue of Rs 14.32 crore through the October-December quarter within the previous monetary 12 months, the corporate mentioned in an alternate submitting on Saturday. The corporate’s whole earnings rose to Rs 285.83 crore, up 29 per cent from Rs 221.99 crore within the year-ago interval. Its bills stood at Rs 263.77 crore as towards Rs 207.68 crore 12 months on 12 months.
Paramount Cables manufactures multi-core cables, low and high-voltage cables, moreover extra-high-voltage cables for industrial purposes. Earlier, the nation’s largest lender SBI on Saturday reported a 35 p.c fall in standalone web revenue to Rs 9,164 crore for the December quarter. State Financial institution of India (SBI) had earned a web revenue of Rs 14,205 crore within the year-ago interval. (Additionally Learn: India’s Inventory Exchanges Lower Paytm Each day Buying and selling Limits To 10% After Rout)
The financial institution’s whole earnings rose to Rs 1,18,193 crore within the third quarter of the continued fiscal as towards Rs 98,084 crore in the identical interval a 12 months in the past, the financial institution mentioned in a regulatory submitting. Through the quarter, the financial institution earned curiosity earnings of Rs 1,06,734 crore as towards Rs 86,616 crore in the identical interval a 12 months in the past.
The financial institution’s gross Non-Performing Property (NPA) of the overall advances declined to 2.42 p.c at December-end of three.14 per cent on the finish of the third quarter of final 12 months. (Additionally Learn: Chennai Metro Joins ONDC, First To Do So; Verify What New It Brings)
Equally, web Non-Performing Property (NPAs) additionally eased to 0.64 per cent towards 0.77 per cent on the finish of the identical interval a 12 months in the past.
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