5 votes
Public lender State Bank of Travancore has posted a net profit of Rs 176.01 crore for the quarter-ended December, as against Rs 164.96 crore in the year-ago period, growth of 6.70 per cent. A higher provisioning for bad loans and revision in wages moderated the growth in net profit. At Rs 464.15 crore, the net interest income rose by 24.77 per cent. Consequently, the net interest margin increased by 11 basis points to 2.93 per cent, as against 2.82 per cent an year ago.
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6 votes
Development Credit Bank clocked a net profit of Rs 8.1 crore for the quarter-ended December, as against a loss of Rs 18 crore in the year-ago period. At Rs 166.2 crore, the total income increased by 23 per cent, as against Rs 134.7 crore in the year-ago period. For the nine months ended-December, net profit rose to Rs 10 crore, as against a loss of Rs 70.2 crore in the year-ago period.
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2 votes
Petronet LNG, the countrys biggest liquefied natural gas (LNG) importer, today said its third-quarter net profit more than doubled on highest ever gas sales. Net profit in the three months through December rose more than 105 per cent to Rs170.8 crore, while net sales rose over 61 per cent to Rs3,627.6 crore.
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4 votes
Healthy growth in core and fee incomes helped Axis Bank clock a 36 per cent rise in net profit for the quarter ended December. The net profit was Rs 891 crore, as against Rs 666 crore in the same period last year.
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4 votes
Strong growth from the UK and Asia-Pacific along with the US, West Asia and Africa, made Indias largest information technology service provider Tata Consultancy Services report yet another better than expected quarter, both in terms of profitability and margin improvement.
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8 votes
However, operating margin in the third quarter was lower at 10.8 per cent, compared with 12.4 per cent a year earlier.
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4 votes
High refining margins have led Ruias promoted Essar Oil post a net profit of Rs 273 crore in the quarter ended December 31 against a loss of Rs 266 crore in the corresponding previous quarter.
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4 votes
Mortgage lender Housing Development Finance Corporation (HDFC) has posted a 32.8 per cent rise in net profit to Rs 891 crore for the quarter ended December 2010. Its net profit was Rs 671.3 crore in the corresponding quarter last year.
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8 votes
State-run Steel Authority of India (SAIL) today posted a 34 per cent drop in third-quarter net profit at Rs 1,107 crore, hit by higher input costs. It had posted a net profit of Rs 1,675.55 crore in the year-ago quarter.
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3 votes
But lower-than-expected net profit of Rs 1,780 crore fails to impress markets.
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6 votes
The company had a net profit of Rs 25.39 crore in the same period financial year, Pfizer said in statement.
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4 votes
State-owned Oil and Natural Gas Corps third quarter profits may be hit by a higher subsidy payout to cover oil marketing companies massive losses on fuel sales, Chairman R S Sharma said today.
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3 votes
Coal India (CIL) today reported a 29 per cent rise in net profit at Rs 4,020 crore for the first half of this financial year, compared to Rs 3,115 crore a year earlier.
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6 votes
V-Guard Industries Limited recorded a 21.27 percent rise in the profit after tax at Rs8.78crore in Q2 as againstRs 7.24 crore in the same period of last year.
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6 votes
Generic drug maker Natco Pharma reported a 10.84 per cent increase in net profit to Rs 14.82 crore for the quarter ended September 2010, as compared with Rs 13.37 crore during the same period last year. Revenues stood at Rs 127 crore, up 7.62 per cent from Rs 118 crore last year.
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