RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
Tata Communications Q1 Results: Cons PAT falls 43% YoY to Rs 190 crore, revenue up 7%
Tata Communications reported a 43% YoY drop in Q1FY26 net profit at Rs 190 crore. Revenue rose 7% to Rs 5,960 crore. Sequentially, profit plunged