Monday, November 18

Tag: Profit

Bandhan Bank Posts Net Profit of Rs275.24 crore
15May By Press Trust of IndiaNo Comments
News

Bandhan Bank Posts Net Profit of Rs275.24 crore

Kolkata: Joining Indian banking league with 501 branches, Bandhan Bank Ltd said it had posted a net profit of Rs.275.24 crore, or Rs.3.40 per share, till 31 March, in the little over six months since it started functioning as a bank. The former microfinance lender, which launched itself as a bank on 23 August, has till now clocked revenue of Rs.1,731 crore, it said in a regulatory filing. Earlier in the day, its managing director and chief executive officer Chandra Shekhar Ghosh said at a media interaction that the bank had added around 700,000 new customers since last August and that it currently has around Rs.13,000 crore in public deposits. The loan book size is Rs.15,200 crore, he added, while refusing to discuss financial performance. State-wise, Bandhan's West Bengal unit...
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Decoding – Snapdeal revenues have increased 5 times from last year
19Nov By AdityaNo Comments
News

Decoding – Snapdeal revenues have increased 5 times from last year

It seems a comment from Kunal Bahl (CEO, Co-founder of Snapdeal) is true that Snapdeal will become profitable in three years. As per the latest data from a Blog, Snapdeal revenues have increased 5 times. The Blog also revealed that the loss per rupee of revenue earned has also decreased drastically comparison to last year.   Loss per rupee chart: So Snapdeal revenues have been growing multifold every year. Every Valuation round is a multiple of the last one. But what about its losses? The negative point is that revenue for FY 2012-13 was INR 340 million which is a very small scale to be of any use for benchmarking. And the loss at even a scale of INR 1,680 million is twice the revenue.
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