3 votes
Pharmaceutical major Dr Reddys Laboratories today reported a 31.93 per cent increase in net profit to Rs 286.7 crore for the quarter ended September 30 as compared to Rs 217.3 crore during the same time last year. Its revenues were Rs 1,870.4 crore, up two two per cent from Rs 1,836.8 crore last year.
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8 votes
South Indian Bank (SIB) reported its highest-ever quarterly net profit of Rs 77 crore for the quarter ended September 30, 2010, as against Rs 72.56 crore for the corresponding quarter of the previous year. The net profit for the six month period increased to Rs 135.44 crorefrom Rs 132.68 crore, a bank press release said. The total business of the bank has increased by Rs 9,942 crore from Rs 33,147 crore to Rs 43,089 crore on year-on-year basis registering a growth of 29.99 per cent. While the d
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4 votes
Bank of India, the countrys fifth-biggest public sector bank by market capitalization, reported a 91 per cent rise in net profit in the second quarter as it gave more loans and its net interest income and margins improved.
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6 votes
Mahindra Finance and Dewan Housing Finance Ltd (DHFL) have reported strong growth in net profit for the quarter ended September 30 on the back of good loan growth. DHFL reported more than two-fold increase in net profit to Rs 93.47 crore from Rs 37.51 crore a year ago. This was helped by Rs 35 crore capital gains.
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3 votes
TVS Motor on Thursday reported a 123 per cent rise in September quarter net profit at Rs 54.8 crore, compared to Rs 24.5 crore in the same period last year. Revenue grew to Rs 1,616 crore from Rs 1,130 crore.
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3 votes
Backed by higher interest income, public sector lender Allahabad Bank on Thursday reported a net profit of Rs 402.57 crore for the quarter ended September, a 20.68 per cent rise from Rs 333.59 crore in the same period last year.
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2 votes
Owing to higher core earnings, the Mangalore-headquartered Corporation Bank has posted a net profit of Rs 351.7 crore for the quarter ended September, as against Rs 291.6 crore reported in the same period last year, registering a rise of 20.6 per cent.
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2 votes
State Bank of Travancore has posted a net profit of Rs 163.60 crore for the quarter-ended September, as against Rs 122.49 crore during the same period previous year, an increase of 33.55 per cent.
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5 votes
South Indian Bank on Thursday said it had clocked its highest-ever quarterly net profit of Rs 77 crore in the September quarter, as against Rs 72.56 crore in the year-ago period.
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8 votes
Tata Consultancy Services (TCS) today beat market expectations with a 32.1 per cent rise in September quarter consolidated net profit at Rs 2,169 crore, driven by growth across regions and sectors. Revenue rose 24.9 per cent to Rs 9,286 crore, compared to the year-ago quarter. The numbers are according to Indian Generally Accepted Accounting Principles.
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4 votes
Bajaj Groups Financial services arm Bajaj Finserv reported a nearly 57 per cent jump in its consolidated net profit at Rs 69 crore, for the quarter ended September 30, over the same period last year. The company had a net profit of Rs 44 crore in July-September quarter last financial year. The total income of the company rose to Rs 464 crore in the second quarter of the current financial year compared to Rs 107 crore in the corresponding period.
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2 votes
Ceat, Indias fourth largest tyre maker by tonnage, had a 75 per cent fall in net profit for the quarter ended September 30, at Rs 15.3 crore as compared to Rs 61.5 crore in the same period last year. Anant Goenka, deputy managing director, said, Raw material prices have gone up by 40 per cent as compared to last year, with a 100 per cent increase in price of rubber. The company raised tyre prices during the quarter, but it wasnt enough.
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8 votes
Owing to higher growth in core earnings, public sector Canara Bank posted a net profit of Rs 1007.88 crore for the quarter ended September, a 10.7 per cent rise from Rs 910.52 crore in the corresponding period last year.
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4 votes
HCL Technologies, the countrys fourth-largest information technology (IT) services exporter, today posted a 3.1 per cent rise in its September quarter net profit at Rs 331.1 crore, compared to Rs 321.3 crore in the year-ago quarter. Revenues during the first quarter rose 21.9 per cent to Rs 3,708 crore, from Rs 3,042.5 crore. HCL follows a July-June financial year.
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8 votes
Thrissur-based Manappuram General Finance and Leasing Ltd reported three-fold increase in net profit at Rs 60.18 crore for the quarter ended September 30, compared to Rs 18.46 crore in the corresponding period of last year. The rise in profits came on the back of robust growth in the company's assets under management which touched Rs 4,955.8 crore as of September 30, according to a company release. The company's operating income stood at Rs 243.19 crore in the reporting quarter.
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