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IndusInd Bank has declared the results for the second quarter ended 30 September 2022 on 19 October. In the September quarter, the bank’s profit has grown by 55.8% year-on-year and has reached Rs 1,786.7 crore.
According to the results released today, the company net interest income for the September quarter stood at Rs 4,302.05 crore, up 17.6% year-on-year. While the net interest income of the bank stood at Rs 3,658.44 crore in the corresponding period of the last financial year.
Focus On Lupin
The company will buy two inhalation brands from Sunovion Pharma. The company will buy Brovana and Xopenex brands for $75 Mn. Combined sales of both the drugs are $60 Mn. The new acquisition will expand the inhalation portfolio.
SHOPPERS STOP IN FOCUS
The company footfall in the second quarter has increased to 40.8m from the pre-Covid level of 29.8m. Sales in the beauty segment increased from 15% to 45%.
Whereas private label contributes 15% to the sales. Loyalty members contribute 77% of sales. Sales from e-commerce grew 8% to Rs 64 crore. 6 new stores are set to open by November. There is a preparation to open 12-15 stores in the whole year.
Focus On JSPL
JSPL has tied up with Greenko. The company has tied up for 1,000 MW of carbon free energy. The agreement has been signed for the Angul plant in Odisha.
BEL has tied up with Triton Electric Vehicle. Agreement for the manufacture of hydrogen fuel cells.
Focus On Tata Motors
Tata Motors has tied up with Evera. 2000 XPRES-T EVs.
Focus On Aarti Ind
The record date for the demerger of Aarti Ind is today.
Focus On AU Small Fin
The results for the second quarter ended 30 September 2022 have been declared. The bank’s profit in the September quarter has seen a growth of 23 per cent year-on-year and has reached Rs 342 crore.
The net interest income of the company in the year-ago period stood at Rs 1,083.3 crore, up 43 per cent. Whereas in the corresponding period of the last financial year, the net interest income of the bank stood at Rs 753.1 crore.