SBI net up 36% at Rs 1,611 croreThe country’s largest bank, State Bank of India (SBI), has reported a 36% growth in its net profit at Rs 1,611.42 crore for the quarter to September, compared to Rs 1,184.49 crore for the corresponding quarter last year. Its net profit was buoyed by significant rise in both interest income and other income. A lower provision of Rs 85.71 crore for the quarter (Rs 321.30 crore) has also propelled the rise in profit. Significantly, operating profit before provisions and contingencies stood at Rs 2,713.22 crore (Rs 2,112.53 crore), reflecting a 28.44% growth.
Interest income for the period under review grew 32% to Rs 11,616.28 crore (Rs 8,799.62 crore) while other income rose 42% to Rs 2,041.94 (Rs 1,437.69 crore). For the half year period (April to September), SBI’s net profit grew 53.16% at Rs 3,037.23 crore (Rs 1,983.06 crore). Operating profit for the period was at Rs 5,074.68 crore (Rs 3,918.15 crore), grew 29.52%. The bank has managed to improve its asset quality significantly over the period.
NTPC Q2 net rises 31 pcCountry's top power generator NTPC Ltd on Saturday posted a 30.64 per cent rise in its net profit for the second quarter ended September 30, at Rs 1,925.49 crore as compared to Rs 1,473.93 crore in the corresponding period last year. Total income of the company for the quarter under review stood at Rs 8,749.2 crore, up 4.35 per cent over Rs 8,384 crore for the same period last year. The net sales stood at Rs 8,016.86 crore in the period as compared to Rs 7,724.30 crore during the same quarter previous year, a growth of 3.78 per cent, a company statement said.
Net sales for the half-year ended September 30 rose by 11.54 per cent to Rs 16,975.67 crore as compared to Rs 15,218.87 crore in the corresponding period last year. Profit after tax for the half-year increased 41.92 per cent at Rs 4,295.42 crore as compared to Rs 3,026.71 crore in the corresponding period last year. PLF of coal-based stations was higher in the first six months of the year at 88.63 per cent as compared to 85.12 per cent for the corresponding period last year.
Grasim Q2 net up 50 pc on record performance by VSF businessAditya Birla Group's flagship Grasim Industries today recorded a 50 per cent surge in consolidated net profit to Rs 620 crore for the quarter ended September 30, against Rs 414 crore a year ago, buoyed by a record performance of its Viscose Staple Fibre (VSF) business. Net revenue of the company also went up by 25 per cent to Rs 3,973 crore during the period as against Rs 3,186 crore last year. "In all areas of business, the company has recorded improved perfromance.
But, the performance of the VSF business has been outstanding. In fact, it has clocked a record profit during the quarter," Grasim's whole-time Director D D Rathi told reporters here. Operating profit of the VSF business went up by 81 per cent during the quarter to Rs 315.6 crore as compared to Rs 174.3 crore during the corresponding period last fiscal. The business, which contributed 23 per cent of its total revenue, clocked a gross profit of Rs 294.7 crore during the quarter, recording a whopping 81 per cent hike.
Jindal Saw posts 89% jumpSteel pipes maker Jindal Saw on Saturday posted an 89.34 per cent jump in net profits to Rs 90.07 crore for the quarter ended September 30 as compared to Rs 47.57 crore for the corresponding period last fiscal. Total income of the company increased 25.45 per cent to Rs 1,430.53 crore for three-month period as against Rs 1,140.29 crore in the same period a year ago, it said in a filing to the Bombay Stock Exchange.
Dena Bank's Q2 jumps 34%Dena Bank's Q2 jumps 34 pc State-run Dena Bank on Saturday registered a 34.03 per cent jump in net profit at Rs 92.15 crore for the quarter ended September 30, against Rs 68.75 crore for the same period last fiscal. Total income of the company increased 27.34 per cent to Rs 764.49 crore as against Rs 600.31 crore a year ago, the public sector bank informed the BSE.
Indusind Bank Q2 net up 30%IndusInd Bank Ltd has announced the following unaudited results for thequarter ended September 30, 2007. The company has posted a net profit of Rs 223.40 million for the quarter ended September 30, 2007 as compared to Rs 171.80 million for the quarter ended September 30, 2006. Total income has increased from Rs 4,191.70 million for the quarter ended September 30, 2006 to Rs 5,254.70 million for the quarter ended September 30, 2007.
Moser Baer net profit dips to Rs 3.27 crArvind Mills July-Sep net profit jumpsArvind Mills Ltd. has announced the following unaudited results for the quarter ended September 30, 2007. The company has posted a net profit after extrordinary items of Rs 105.00 million for the quarter ended September 30, 2007 as compared to Rs 47.40 million for the quarter ended September 30, 2006. Total income has increased from Rs 4932.80 million for the quarter ended Sepmtember 30, 2006 to Rs 5653.90 million for the quarter ended September 30, 2007.
Indian Hotels Q2 net profit at Rs 53.2 crore DCM Shriram net up at Rs 607.05 crDCM Shriram Consolidated (DSCL), a diversified agribusiness and chemical company, has reported a 56.15 times rise in net profit for the second quarter ended September 2007.
Thomas Cook Q3 net at Rs 6.8 crRaymond posts Rs 30.7-cr netBharat Forge Q2 net up at Rs 79.1 crBharat Forge Ltd today announced combined second quarter revenue of Rs 1,071.2 crore and profit after tax of Rs 79.1 crore, a growth of 8 per cent and 6 per cent, respectively over the corresponding period previous year.
TNPL net jumps 43%Seshasayee Paper net up 13%SCI`s net declines 43.26% in Sep`07 qtrShipping Corporation of India (SCI) registered a decline of 43.26% in net profit to Rs 1,823.10 million for the quarter ended Sep. 30, 2007, from Rs 3,212.90 million in the corresponding quarter, last fiscal. sales stood at Rs 8,688.80 million in the quarter ended Sep. 30, 2007, as against Rs 10,142.80 million in the corresponding period last year, recording a fall of 14.34%.
Redington India`s net up 29.44% in Sep`07 qtr Redington India registered a growth of 29.44% in net profit to Rs 153.90 million for the quarter ended Sep. 30, 2007, from Rs 118.90 million in the quarter ended Jun. 30, 2007. Net sales stood at Rs 14,637.10 million in the quarter ended Sep. 30, 2007, as against Rs 12,960.20 million in the quarter ended Jun. 30, 2007, an increase of 12.94%.Total Income rose 12.90% to Rs 14,663.00 million in the quarter ended Sep. 30, 2007 from Rs 12,987.10 million for the quarter ended Jun. 30, 2007.
Decolight Ceramics net up 23.09% in Sep`07 qtrDecolight Ceramics registered a growth of 23.09% in net profit to Rs 21.21 million for the quarter ended Sep. 30, 2007, from Rs 17.23 million for the quarter ended Jun. 30, 2007.
Net sales stood at Rs 164.05 million in the quarter ended Sep. 30, 2007, as against Rs 167.45 million in the quarter ended Jun. 30, 2007, a fall of 2.03%.
Moser Baer net declines 87.40% in Sep`07 qtrDalmia Cement net rises 59.17% in Sep`07 qtr Lanco Infratech net rises 68.81% in Sep`07 qtr Lanco Infratech posted a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 68.81% rise in profit to Rs 342.78 million from Rs 203.05 million in the quarter ended September 2006.Net sales for the quarter rose 2.88 times to Rs 3,794.03 million compared with Rs 1,313.31 million in the corresponding quarter, a year ago.
Godrej Industries net rises 78.40% in Sep`07 qtrPantaloon Retail net drops 23.16% in Sep`07 qtrNagarjuna Fertilizers Q2 net falls 52.18% Nagarjuna Fertilizers and Chemicals (NFCL), the flagship company of the Nagarjuna Group, registered a steep fall of 52.18% in net profit for the second quarter ended September 2007, hurt by 226 basis points fall in operating margins together with 75% drop in other income. During the quarter, the company saw a decline in net profit to Rs 86.6 million from Rs 181.1 million in the same quarter of the previous year. Earnings per share for the quarter fell 52.38% to Rs 0.20 compared with a year ago period.
Jyoti Structures Q2 net jumps 47.86%Jyoti Structures, a leader in providing turnkey solutions in the field of high voltage power transmission lines and substations, registered a substantial growth of 47.86% in net profit for the second quarter ended September 2007, helped by 142 basis points rise in operating margins together with strong sales growth. During the quarter, the company saw a rise in net profit to Rs 169.67 million from Rs 114.75 million in the same quarter of the previous year. The company reported diluted earnings per share of Rs 2.07 during the quarter
BEML`s net down 33.49% for Sep`07 qtrICI India Q2 net rises 3.5% Leading maker of paints and speciality chemicals, ICI India registered a marginal rise of 3.5% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 212.90 million from Rs 205.70 million in the same quarter of the previous year.Total income for the quarter dropped marginally 0.86% to Rs 2,455.60 million, when compared with the corresponding quarter, a year ago.
CRISIL net climbs 69.83% for Sep`07 qtrCity Union Bank Q2 net zooms 64.22%THERMAX LTD - Press Release
(Oct 27, 18:32)Thermax Q2 Net Profit at Rs 69.2 CroresThermax Ltd has informed the Exchange regarding the consolidated Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 153067 lacs for half year ending on 30-SEP-2007 against Rs. 85751 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 12815 lacs for the half year ending on 30-SEP-2007 against Rs. 7967 lacs for the half year ending on 30-SEP-2006.
TEXMACOLTD:
01-JUL-2007 to 30-SEP-2007 (Second Quarter)DIVISLAB Divi'S Laboratories Limited has informed the Exchange regarding a press release which is as follows: "Divi's laboratories has earned a PAT of Rs.91 crores on consolidated basis for the second quarter ending 30th September, 2007. Total income for the quarter grew by 48% to Rs.245 crores. For the corresponding quarter of last year, the company earned a PAT of Rs.30 crores on a total income of Rs.165 crores. For the current half-year, Divi's earned a PAT of Rs.156 crores on income of Rs.475 crores as against a PAT of Rs.56 crores and income of Rs.330 crores during the corresponding previous half-year".
NAVA BHARAT VENTURES LIMITED - Press Release
(Oct 27, 17:37)Nava Bharat Ventures Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Q2 PAT doubles to Rs.522 million; H1 Net Profits rise 83% to Rs.1,101 million".
GRANULES INDIA LIMITED - Press Release
(Oct 27, 14:04)GRANULESGranules India Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Granules India Q1FY08 Net Sales up 10 per cent at Rs 50 cr".
CORPORATION BANK - Standalone Results Update, Half Yearly ended, 30-SEP-2007
(Oct 27, 13:13):
Corporation Bank Q2 Net Profit at Rs 161.38 CroresCorporation Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Interest earned of Rs. 216417 lacs for the half year ending on 30-SEP-2007 against Rs. 156257 lacs for the half year ending on 30-SEP-2006. Interest expended of Rs. 145712 lacs for the half year ending on 30-SEP-2007 against Rs. 92110 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 33849 lacs for the half year ending on 30-SEP-2007 against Rs. 27125 lacs for the half year ending on 30-SEP-2006.
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