2 votes
The performance was led by a 49% rise in net interest income.
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4 votes
Sharp rise in interest income and control over interest expenses helped IDBI Bank post a 69 per cent rise in net profit at Rs 429 crore for the quarter ended September. It had a net profit of Rs 254 crore in the year-ago period.
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4 votes
Supported by strong growth in net interest income (NII) and core fee-based income, state-run Bank of Barodas net profit rose 60.7 per cent for the quarter ended September.
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5 votes
State-run Andhra Bank on Thursday reported a net profit of Rs 303 crore for quarter ended September, a 10.58 per cent increase compared to Rs 274 crore in the year-ago period. Revenues stood at Rs 1,941.1 crore, up 24.61 per cent from Rs 1,557.72 crore.
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6 votes
Suryalata Spinning Mills posted over two-fold rise in its net profit to Rs 4.01 crore for the quarter ended September 30 as compared with Rs 1.18 crore last year same time. Sales revenue stood at Rs 58.23 crore, up 33.8 per cent from Rs 43.52 crore.
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8 votes
Net in second quarter declines 35 per cent, despite sales rise.
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5 votes
Oil and Natural Gas Corporation (ONGC) today reported a 5.9 per cent rise in its second-quarter net profit at Rs 5,388.77 crore, over the corresponding quarter last year, on better oil price realisation. Revenue from sales rose over 20 per cent to Rs 18,239 crore.
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6 votes
United Spirits (USL), the countrys largest spirits player, today reported a tepid seven per cent rise in second-quarter net profit at Rs 74.6 crore, bogged down by financing its high-cost debt. Riding on sales growth of 16 per cent, revenue rose 26 per cent to Rs 1,366 crore. The flagship spirits company of the United Breweries Group sold 26.6 million cases during the three months to September. One case carries nine litres or 12 bottles of 750 ml.
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5 votes
Genpact, the countrys largest business process outsourcing (BPO) company, today said its third-quarter net income rose 20 per cent to $41.5 million from $34.5 million in the year-ago period. Net revenues for the three months to September rose 13.1 per cent to $321.5 million from $284.4 million. Genpact follows the calendar year as its financial year.
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2 votes
Colgate Palmolive (India) on Thursday posted a 12 per cent increase in net profit at Rs 100 crore for the quarter ended September, compared to Rs 89 crore for the same quarter last year. Total income increased 13 per cent to Rs 577 crore, from Rs 509 crore in the corresponding quarter last year.
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6 votes
Mid-cap IT services firm Hexaware Technologies posted a 1.7 per cent rise in its net profit at Rs 42 crore for the third quarter ended September 30, from Rs 41.3 crore in the corresponding quarter last year. The company had a one-time gain due to the sale of its subsidiary Pipal Research.
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8 votes
Orchid Chemicals & Pharmaceuticals reported a net profit of Rs 24.01 crore during the quarter ended September 30, compared to a loss of Rs 13.20 crore of the corresponding quarter of the last fiscal. The company achieved a turnover and operating income of Rs 381.80 crore, up from Rs 314.41 crore last year.
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7 votes
Media firm Network18 Media & Investments posted a consolidated net loss of Rs 35.80 crore for the quarter ended September 30. The company had registered a consolidated net loss of Rs 83.36 crore during the same period last year.
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6 votes
IHCL, the Tata group firm which owns the Taj chain of hotels, on Wednesday posted a net loss of Rs 6.30 for the second quarter ended September 30, as a high interest payout and erosion in value of one of its subsidiaries led to a fall in margins.The city-based company had reported a net profit of Rs 11.87 crore for the same quarter last year mainly on the back of income earned as claims accrued towards compensation for business interruption for the Taj Mahal Palace, Mumbai and profit on sale of
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6 votes
Shriram Transport Finance, the countrys largest asset-backed financing company, reported a net profit of Rs 298.96 crore for the quarter ended September, a 44.11 per cent increase compared to Rs 207.45 crore an year ago.
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