India's largest bank, State Bank of India (SBI) has announced its third quarter results of FY10. The bank has reported 8.4% decline in its consolidated net profit of Rs 3,304.59 crore as against Rs 3,607.61 crore in the same quarter of previous year.
Consolidated net interest income increased 9.08% to Rs 8,781.7 crore from Rs 8,050.8 on year-on-year basis (YoY).
Its standalone net profit was flat at Rs 2,479.05 crore as against Rs 2,478.42 crore and net interest income went up 9.69% to Rs 6,316.3 crore from Rs 5,758.25 crore. CNBC-TV18 poll saw the net interest income at Rs 6,075.33 crore and net profit at Rs 2,556.15 crore.
Other income of the SBI increased to Rs 3,365.71 crore from Rs 3225.6 crore and provisions went up to Rs 856.61 crore versus Rs 196.83 crore.
Net non performing assets (NPAs) were up 64.2% to Rs 11,270 crore and provision cover was at 40.24% versus 42.86% in Q2.
SBI said, in a press conference, treasury income was down by Rs 234 crore since last year. Loan growth came in at 19% (YoY) and net interest margin was at 2.83%.
Net NPAs stood at 1.88% and provision coverage ratio at 56%. The bank has provided Rs 440 crore as additional provision. Deposit growth was at 11% (YoY).
Hero Honda Q3 net profit up 78.4% at Rs 535.8 cr
India's largest two-wheeler maker, Hero Honda has announced its third quarter results of FY10. It has reported net profit of Rs 535.8 crore, an increase of 78.4% over Rs 300.4 crore in the same quarter of previous year.
Net sales jumped 32.72% to Rs 3,814.4 crore from Rs 2,874 crore (YoY). EBITDA (earning before interest, tax, depreciation and amortisation) margin stood at 17.27%.
The numbers were better-than-expectations, as CNBC-TV18 poll saw the net profit at Rs 509 crore and net sales at Rs 3,783 crore.
In a press conference, Hero Honda said its bike market share in India was over 59%. On the outlook, it said the market demand would remain bullish but rising input costs remained a concern, as commodity prices are on 'Upward Trajectory'.
The company will look at hiking capacity at existing units and may look at setting up new plant in near future.
The share closed at Rs 1,618.00, down Rs 24.25, or 1.48%. Its market cap stood at Rs 32,309.44 crore at current market price.
- Voltas Q3 net up 86% to Rs 76 cr
- M&M Q3 net at Rs 413 cr on healthy sales
- Ian Lancaster new CEO of Reliance MF's Malaysian arm
- Bajaj Auto gets European patent for ExhausTEC
- LIC Housing Fin Q3 net up 14% to Rs 154 cr
Other Results:
Gujarat Alkalies & Chemicals net profit declines 40.49% in the December 2009 quarter
Sales decline 3.05% to Rs 309.38 crore
First Leasing Company of India net profit rises 9.48% in the December 2009 quarter
Sales decline 9.11% to Rs 39.90 crore
Cummins India net profit rises 11.11% in the December 2009 quarter
Sales rise 8.71% to Rs 814.83 crore
Jyoti Structures net profit rises 29.35% in the December 2009 quarter
Sales rise 18.24% to Rs 508.72 crore
Bharat Bijlee net profit declines 44.49% in the December 2009 quarter
Sales rise 15.18% to Rs 161.32 crore
GlaxoSmithkline Consumer Healthcare net profit rises 3.38% in the December 2009 quarter
United Credit reports net profit of Rs 0.69 crore in the December 2009 quarter
HCL Infosystems net profit declines 0.86% in the December 2009 quarter
Hero Honda Motors net profit rises 78.34% in the December 2009 quarter
Melstar Information Technologies reports net loss of Rs 0.76 crore in the December 2009 quarter
State Bank of India net profit rises 0.03% in the December 2009 quarter
Sagar Tourist Resorts reports net loss of Rs 0.09 crore in the December 2009 quarter
Cadila Healthcare net profit rises 73.48% in the December 2009 quarter
Godrej Industries reports net profit of Rs 16.91 crore in the December 2009 quarter
Celestial Biolabs net profit rises 1481.82% in the December 2009 quarter
Sterlite Industries India net profit declines 77.16% in the December 2009 quarter
Narmada Gelatines net profit rises 26.56% in the December 2009 quarter
Chokhani Global Express reports net profit of Rs 0.01 crore in the December 2009 quarter
D B Corp net profit rises 112.47% in the December 2009 quarter
Himatsingka Seide reports net profit of Rs 3.35 crore in the December 2009 quarter
Triton Valves net profit rises 120.00% in the December 2009 quarter
Nagarjuna Agri Tech reports net loss of Rs 0.15 crore in the December 2009 quarter
Super Sales India reports net profit of Rs 5.41 crore in the December 2009 quarter
Borosil Glass Works reports net profit of Rs 1.80 crore in the December 2009 quarter
Modison Metals net profit rises 467.86% in the December 2009 quarter
East Buildtech net profit declines 64.10% in the December 2009 quarter
Chokhani International reports net loss of Rs 0.12 crore in the December 2009 quarter
Shri Keshav Cements & Infra net profit rises 240.00% in the December 2009 quarter
Tamilnadu Jai Bharath Mills reports net loss of Rs 0.24 crore in the December 2009 quarter
Ashiana Agro Industries net profit rises 100.00% in the December 2009 quarter
SIL Investments reports net profit of Rs 0.46 crore in the December 2009 quarter
Electrotherm India net profit rises 35.64% in the December 2009 quarter
Shakti Pumps India net profit rises 25.96% in the December 2009 quarter
T.V. Today Network net profit rises 57.90% in the December 2009 quarter
Jarigold Textiles net profit rises 1900.00% in the December 2009 quarter
Redington India net profit rises 28.67% in the December 2009 quarter
Super Spinning Mills reports net profit of Rs 0.16 crore in the December 2009 quarter
XPRO India reports net profit of Rs 1.81 crore in the December 2009 quarter
Jet Airways India reports net profit of Rs 105.80 crore in the December 2009 quarter
Aarti Drugs net profit rises 772.73% in the December 2009 quarter
Gujarat Borosil reports net loss of Rs 0.50 crore in the December 2009 quarter
Pioneer Investcorp net profit rises 2853.85% in the December 2009 quarter
Wheel & Axle Textiles net profit rises 4600.00% in the December 2009 quarter
Rosekamal Textiles reports net profit of Rs 0.51 crore in the December 2009 quarter
Bijlee Textiles net profit rises 450.00% in the December 2009 quarter
Trigyn Technologies net profit rises 18.86% in the December 2009 quarter
Lloyds Steel Industries reports net profit of Rs 39.17 crore in the December 2009 quarter
Deepak Fertilizers & Petrochemicals Corp net profit rises 136.19% in the December 2009 quarter
Creative Eye reports net loss of Rs 0.58 crore in the December 2009 quarter
Tata Coffee net profit rises 14.31% in the December 2009 quarter
Hercules Hoists net profit rises 22.45% in the December 2009 quarter
Mahindra & Mahindra net profit rises 848.85% in the December 2009 quarter
Shilchar Electronics reports net profit of Rs 0.31 crore in the December 2009 quarter
Repro India net profit rises 81.60% in the December 2009 quarter
C & C Constructions net profit rises 132.43% in the December 2009 quarter
Voltas net profit rises 62.20% in the December 2009 quarter
Pushpsons Industries net profit rises 400.00% in the December 2009 quarter
Hindustan Hardy Spicer reports net loss of Rs 0.17 crore in the December 2009 quarter
Peacock Industries reports net loss of Rs 0.25 crore in the December 2009 quarter
Kanoria Chemicals & Industries reports net profit of Rs 6.09 crore in the December 2009 quarter
LIC Housing Finance net profit rises 14.33% in the December 2009 quarter
Sundaram Clayton reports net profit of Rs 5.19 crore in the December 2009 quarter
Austin Engineering Company net profit declines 9.34% in the December 2009 quarter
Kale Consultants net profit rises 234.46% in the December 2009 quarter
Polylink Polymers India reports net loss of Rs 0.17 crore in the December 2009 quarter
Acrysil net profit declines 16.89% in the December 2009 quarter
Blue Star net profit rises 31.50% in the December 2009 quarter
National Oxygen reports no net profit or loss in the December 2009 quarter
India Cements net profit declines 43.79% in the December 2009 quarter
Grindwell Norton net profit rises 41.90% in the December 2009 quarter
Andhra Bank net profit rises 29.48% in the December 2009 quarter
Vidarbha Iron & Steel Corporation net profit rises 200.00% in the December 2009 quarter
Shanthi Gears net profit declines 71.87% in the December 2009 quarter
J Kumar Infraprojects net profit rises 133.24% in the December 2009 quarter
Zydus Wellness net profit rises 6.00% in the December 2009 quarter
Victoria Mills reports net profit of Rs 1.18 crore in the December 2009 quarter
Lakshmi Machine Works net profit rises 129.32% in the December 2009 quarter
Kakatiya Cements Sugar & Industries reports net loss of Rs 2.21 crore in the December 2009 quarter
Shilpa Medicare net profit rises 516.20% in the December 2009 quarter
Megh Mayur Infra reports net loss of Rs 0.01 crore in the December 2009 quarter
Abhishek Corporation reports net loss of Rs 9.75 crore in the December 2009 quarter
Sundaram Brake Linings net profit rises 1405.56% in the December 2009 quarter
H. S. India reports net profit of Rs 0.80 crore in the December 2009 quarter
CNI Research reports net profit of Rs 0.77 crore in the December 2009 quarter
Treadsdirect net profit rises 415.84% in the December 2009 quarter
Gujarat Reclaim & Rubber Products net profit declines 16.77% in the December 2009 quarter
Money Matters Financial Services net profit rises 2.21% in the December 2009 quarter
Joy Reality net profit rises 650.00% in the December 2009 quarter
Cochin Minerals & Rutile net profit declines 64.29% in the December 2009 quarter
Poly Medicure net profit rises 587.69% in the December 2009 quarter
Globus Corporation reports net profit of Rs 0.01 crore in the December 2009 quarter
Arrow Textiles reports net loss of Rs 0.43 crore in the December 2009 quarter
High Energy Batteries India reports net loss of Rs 0.28 crore in the December 2009 quarter
Force Motors net profit declines 96.50% in the December 2009 quarter
Empire Industries net profit rises 111.93% in the December 2009 quarter
Gujarat Intrux net profit declines 39.47% in the December 2009 quarter
Marmagoa Steel reports net loss of Rs 1.04 crore in the December 2009 quarter
SNL Bearings net profit rises 490.00% in the December 2009 quarter
Span Diagnostics net profit declines 57.69% in the December 2009 quarter
Entegra reports net loss of Rs 10.75 crore in the December 2009 quarter
JBM Auto net profit rises 1891.67% in the December 2009 quarter
Delta Corp net profit rises 1333.33% in the December 2009 quarter
Era E-Zone India reports net profit of Rs 0.43 crore in the December 2009 quarter
Era Infra Engineering net profit rises 85.36% in the December 2009 quarter
Natural Capsules net profit declines 5.49% in the December 2009 quarter
Yuken India reports net profit of Rs 2.00 crore in the December 2009 quarter
U G Hotels and Resorts reports net loss of Rs 0.28 crore in the December 2009 quarter
Sarla Performance Fibers net profit rises 63.39% in the December 2009 quarter
Wendt India net profit rises 84.62% in the December 2009 quarter
NMDC net profit declines 39.65% in the December 2009 quarter
Dynacons Systems & Solutions net profit rises 275.00% in the December 2009 quarter
Shiva Cement net profit rises 144.44% in the December 2009 quarter
Deep Industries net profit rises 91.22% in the December 2009 quarter
Gujarat NRE Coke net profit rises 101.21% in the December 2009 quarter
V-Guard Industries net profit rises 275.71% in the December 2009 quarter
HCL Technologies net profit declines 35.82% in the December 2009 quarter
Kewal Kiran Clothing net profit rises 109.21% in the December 2009 quarter
Prithvi Information Solutions net profit rises 96.10% in the December 2009 quarter
Src:ET, Moneycontrol, Capitalmarket