State Bank of India reported a rise in net income and a decline in gross non-performing assets in the June quarter. JK Tyre & Industries reported a sharp jump in its net income in the June quarter. Britannia said the modest increase in profit was driven by higher volume sales and improving profit margins.
Macrotech Developers reported a surge in revenue and earnings, and the company cited strong pre-sales in Pune. Dixon Technologies said a sharp jump in sales supported solid gains in earnings in the June quarter. GAIL India said improved margins and higher volume sales supported its quarterly results.