Results: Indian Bank, JP Associates, Sintex, Aban etc

Indian Bank Q3 net up 61% at Rs 307.5 cr
12 Jan, 2008, 1707 hrs IST

Indian Bank today registered 61.44 per cent rise in its net profit of Rs 307.5 crore for the third quarter ended December 31, compared to Rs 190.47 crore for the corresponding period last year. Total income increased 36.31 per cent to Rs 1676 crore for the quarter ended December 31, against Rs 1229.54 crore for the same period last year, the public sector bank said in a filing to the Bombay Stock Exchange. The bank's business is divided into four main areas: retail, agriculture, corporate and commercial financial services, and small and medium-sized enterprises. Shares of the bank dropped 3.22 per cent to Rs 199.95 at the close of Friday's trading on the BSE.

Indian Bank Q3 net jumps 61.44%
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Geojit’s net rises 4-fold as client base widens
Mumbai, Jan 12
The net profit of Kochi-based Geojit Financial Services Ltd increased more than four times for the third quarter, with profits jumping from Rs 4.6 crore to Rs 18.9 crore. Higher revenue from increased client base and the ... More
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Jaiprakash Associates net rises 53% in Dec`07 qtr


Jaiprakash Associates announced a 52.94% rise in net profit at Rs 1560 million for the quarter ended December 2007 as compared to Rs 1020 million for the quarter ended December 2006.
Total Income increased 7.63% to Rs 10,020 million for the quarter ended December 2007 from Rs 9,310 million for the quarter ended December 2006. Jaiprakash Associates earlier known as Jaiprakash Industries (JIL) merged with Jaypee Cement (JCL) and got its current name.
Jaiprakash is an acknowledged leader in the construction of river valley and hydro power projects on turnkey basis and has been in business for more than three decades. It is the flagship company of the Jaypee group, which is a well diversified infrastructural industrial group of India with a turnover of over Rs 30,000 million (USD 650 million) that commenced its operations in 1972 as a partnership firm, then known as Jaiprakash Associates. Three decades later, the group has diversified itself into many sectors. The company executed simultaneously 13 hydro power projects spread over 6 states and the neighboring country of Bhutan for the generation of 10,290 MW of power. It has set up a 300 MW power station in Baspa, Himachal Pradesh, which is already in operation producing more than 1,200 million units of clean & green energy annually. It has also set up the 400 MW Vishnuprayag power project in Uttaranchal.
The board of directors last month approved raising funds upto USD 400 million by issue of global depository receipts (GDRs), in terms of the shareholders` approval already accorded.
Shares of the company gained Rs 15.45 , or 3.59% to end at Rs 446.4. The total volume of shares traded was 1,624,732 at the BSE.(Friday).

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Aban Offshore Q3 net zooms 2.29 times

Aban Offshore, India`s biggest offshore drilling entity in the private sector, reported today 2.29 times growth in earnings in the quarter ended December 31 to Rs 477.67 million compared with Rs 207.88 million in the prior year period. Substantial rise in revenues helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 12.64 in the quarter ended December 2007.

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Sintex Q3 earnings surge 2.17 times

Leading manufacturer of different plastic moulding and forming products, Sintex Industries announced today a 2.17 times rise in earnings in the quarter ended December 31 to Rs 553.77 million compared with Rs 254.63 million in the prior year period. Substantial rise in revenues couple with improvement in operating margin helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 4.78 in the quarter ended December 2007.

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