Results: Axis Bank profits down; Hindustan Unilever to pay 24 dividends; Tech Mahindra’s profit rises losses to ACC

New Delhi| Axis Bank’s net profit declined marginally to Rs 7,117.5 crore in the March quarter of 2024-25. Net profit in the same quarter of 2023-24 was 7,129.67 crore. The bank told the stock market on Thursday, its total income increased to Rs 38,022 crore in this period. Gross NPAs declined from 1.43 per cent to 1.28 per cent.

Hindustan Unilever (HUL) net profit declined by 3.35 per cent to Rs 2,475 crore. However, revenue from the sale of products rose by 2.68 per cent to Rs 15,416 crore. The company has declared a final dividend of Rs 24 per share to the shareholders. Earlier the board of HUL also paid an interim dividend of Rs 19 and a special dividend of Rs 10 in November, 2024.

Tech Mahindra
Tech Mahindra’s consolidated net profit rose 76.5 per cent to Rs 1,166.7 crore in the March quarter of 2024-25. The company told the stock market on Thursday, it got new deals worth around Rs 6,800 crore in this period. In the entire financial year 2024-25, deals worth around 23,000 crore were achieved.

ACC
Cement Maker ACC Ltd. The consolidated net profit declined by 20.4 per cent to Rs 751.04 crore in the March quarter. The Adani Group company reported, its operating revenue increased by 12.7 per cent to Rs 5,207.3 crore. Total spending stood at Rs 5,514.82 crore, up 13.11 per cent