Results: SBI, LIC hsg, Hero Honda etc

SBI Q3 cons net profit down 8.4% at Rs 3,304.59 cr

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

HCL Tech Dec qtr net dips 36% to Rs 255 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

Results: SBI, NTPC, Grasim etc

SBI net up 36% at Rs 1,611 crore

The 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 pc

Country'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 business

Aditya 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% jump

Steel 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 cr

Arvind Mills July-Sep net profit jumps
Arvind 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 cr
DCM 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 cr

Raymond posts Rs 30.7-cr net

Bharat 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 qtr
Decolight 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 qtr

Dalmia 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 qtr

Pantaloon Retail net drops 23.16% in Sep`07 qtr

Nagarjuna 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 qtr

ICI 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 qtr

City Union Bank Q2 net zooms 64.22%


THERMAX LTD - Press Release (Oct 27, 18:32)
Thermax Q2 Net Profit at Rs 69.2 Crores
Thermax 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)
GRANULES
Granules 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 Crores
Corporation 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.


D-Link India Q2 Net Profit at Rs 7.31 Crores



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