Thread by @Sanju_Verma_

Spate of Q4FY21 results showcase #Economy is on track

#ICICIBank reported Profit of Rs4402Cr,a 260% jump YoY,with NII up a solid 16.8% at 10431Cr

Tech companies have done well,with #TechMahindra reporting Dollar Revenue growth of 1.6% QoQ &Margins up 10bps at 16%
#Modinomics💪

#HCLTech also reported good numbers with Dollar Revenue up 3% QoQ

IT&Business Services segment grew 4.4% QoQ

Even for #MarutiSuzuki,while Profit fell,it managed to have Gross Margins at 26%,Vs 27.5% QoQ

Margin above 25% despite challenges thrown by Pandemic,is good
#Modinomics

In Banking space,besides great results by #HDFCBank& #ICICIBank, #AxisBank too reported good results, with Profit at Rs2677Cr,Vs loss of 1388Cr,YoY

While Gross&Net NPAs of Axis rose 15%&52% YoY,with Provisions down 28%,good news is NII is up 11% at Rs7555Cr

#Economy #Modinomics

#ABB reported Profit of Rs141Cr,up 117%,with Revenue up 7%&Margins up 820bps,at 8.1%

Good results,be it IT,Banking or Power Sector,showcase how #EconomicRecovery is all pervasive

#BajajFinance saw Profit rise of 42%,with #GrossNPA at 1.79% Vs 2.86% QoQ
#NetNPA at 0.75% Vs 1.22%

#TVSMotors saw Revenue growth of 53%,Margins rose 310bps to 10.1%; Ebitda up 119%&Profit up 291% at Rs 289Cr

#Britannia too saw good results with solid Volume growth of 8%,Revenue up 9.2% at Rs 3131Cr,Ebitda up 11%& Margins up 30bps at 16.1%

#Economy #Modinomics
#COVID19India