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Revenue rose 7.2% from a year earlier, the slowest in five quarters, shows an analysis of the numbers from 175 companies that have reported results for the fiscal second quarter. Net profit growth at 2.5% was a six-quarter low, even as the operating margin of the sample group fell 1.5 percentage point to 20.9%.
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The NBFC will also issue fresh equity shares worth 2,500 crore in the IPO, taking the total size of the issue to around 12,500 crore, the bank said in a notice to the stock exchanges.
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The money borrowed under the brokers' margin trading funding (MTF) facility - a system allowing investors to borrow to buy shares they cannot afford - swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding product.
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News and Media
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