Q1 RESULTS
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Bank of Maharashtra profit rises 47%
New Delhi: Bank of Maharashtra (BoM) on Monday reported 47 per cent jump in net profit at Rs 1,293 crore for June quarter FY25, helped by decline in bad loans and improvement in interest income. The Pune-based lender had posted a net profit of Rs 882 crore in the year-ago period. Total income in the quarter under review rose to Rs 6,769 crore from Rs 5,417 crore in the same period a year ago, the state-owned lender said in a regulatory filing. Interest earned by the bank grew to Rs 5,875 crore as compared to Rs 4,789 crore in June quarter FY24.
HDFC AMC profit grows 26%
New Delhi: HDFC Asset Management Company on Monday reported 26 per cent rise in profit after tax (PAT) at Rs 603.9 crore for June quarter FY25. The company had posted a PAT of Rs 477.5 crore for the year-ago period, the fund house said in a regulatory filing. Revenue from operations surged 35 per cent to Rs 775.2 crore from Rs 574.5 crore in June quarter FY24. The company’s average asset under management (AAUM) stood at Rs 6.71 lakh crore as of June 2024 against Rs 4.86 lakh crore a year ago.
