Q1 Results Highlights: Angel One profit drops 61%; Tech Mahindra

Q1 Results Highlights: As many as six important names like Tech Mahindra, Angel One, L&T Technology Services, ITC Hotels, Orient Hotels, Ixigo, reported their results today. HDB Financial shares were also in focus after the company reported its June quarter results, which was its first as a listed entity. Net profit for the quarter declined on a year-on-year basis, as did disbursements, which also declined compared to the March quarter. Net Interest Margins saw a marginal improvement, compared to the same quarter last year. Asset quality saw deterioration with both Gross and Net NPAs rising from last quarter. Net Interest Income, or the lender’s core income though, rose on a year-on-year basis.

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