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Banks' efforts to mobilise deposits by the quarter-end helped reduce the credit deposit ratio to 78.9 percent as of October 04. Despite this, year-on-year deposit growth at 11.8 per cent continues to lag behind credit growth of 12.8 percent, signaling future challenges.
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While yearly revenue jumped by 16.4% to Rs 4,539.31 crore, the company experienced a decline on a quarterly basis. Profit fell by 34.3% and revenue dropped by nearly 22% compared to the previous quarter.
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News and Media
July-Sep quarter sales at Rs. 9746 crore remain flat as dumping from China and Vietnam continues, says company.
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News and Media
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