Results: Axis bank, Patel, Monnet Ispat, Guj NRE, Vakrangee

AXIS Bank Q2 net jumps 60.46%

AXIS Bank, formerly UTI Bank, registered a substantial jump of 60.46% in net profit for the quarter ended September 2007, to Rs 2,278.20 million from Rs 1,419.80 million in the same quarter, last year.

Interest earned by the bank for the quarter surged 59.65% to Rs 16,764.90 million, while the total income jump 64.11% to Rs 20,593.70 million, when compared with the corresponding quarter, a year ago.The bank reported a diluted EPS after extraordinary items of Rs 7.14 during the quarter.


Patel Engineering net up 29% in Sep`07 qtr

Patel Engineering registered a 29.55% rise in net profit to Rs 324.40 million for the quarter ended Sep. 30, 2007, as compared with Rs 250.40 million, for the quarter ended Sep. 30, 2006.
For the quarter ended September 2007, the company`s net sales jumped 19.14%, to Rs 2,357.70 million, compared with Rs 1,978.88 million for the quarter ended September 2006.

Total income for the quarter rose 20.22% to Rs 2,402.70 million, compared with Rs 1,998.54 million in the same quarter, last year.The earning per share (EPS) stood at Rs 5.44 for the quarter ended Sep. 30, 2007.


Monnet Ispat net up 36.17% in Sep`07 qtr

Monnet Ispat and Energy registered a 36.17% growth, in net profit to Rs 367.80 million for the quarter ended September 2007, as compared with Rs 270.10 million for the corresponding quarter, last fiscal.Net sales for the quarter rose 92.36% to Rs 2,583.10 million, as compared with Rs 1,342.80 million for the same quarter, a year ago.
Total income for the quarter rose 91.63% to Rs 2,633.50 million, as against Rs 1,374.20 million for the corresponding quarter, last year.
The earnings per share (EPS) of the company stood at Rs 10.19 in the quarter ended September 2007.

Gujarat NRE Q2 net jumps 7.21 times

Gujarat NRE Coke, India`s largest non-captive manufacturer of low ash metallurgical coke, reported a phenomenal growth of 7.21 times in net profit for the quarter, ended September 2007. During the quarter, the company saw a rise in net profit to Rs 125.5 million from Rs 17.40 million, in the same quarter of the previous year.

Substantial rise in operating margins, helped the company to report an excellent growth in earnings. Operating margins increased to 11.26% during the quarter, a rise of 453.20 basis points compared with the corresponding quarter, a year ago.


Vakrangee Softwares net up 2.64 times in Sep`07 qtr

Vakrangee Softwares registered a growth of 2.64 times in net profit to Rs 127.35 million for the quarter ended September 2007 from a profit of Rs 48.07 million for the quarter ended September 2006.

Net sales for the quarter rose 86% to Rs 562.56 million from Rs 302.45 million in the same quarter, last year.Total income rose 85.44% to Rs 563.26 million for the quarter ended September 2007 from Rs 303.74 million for the quarter ended September 2006.



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com and for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.