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CORPORATE RESULTS
PUBLIC SECTOR BANKS:
SBI net up 15% on fee income, recoveries
Ten-fold increase in provisioning. Mumbai, July 26 Despite making a huge provision for marked-to-market losses, State Bank of India reported a 15-per cent increase in first quarter net profit. ...
PRIVATE BANKS:
Treasury losses drag down ICICI Bank net
Operating profit, fee income rise. Mumbai, July 26 Losses in treasury operations dragged down ICICI Bank’s net profit by six per cent for the first quarter. ...
PUBLIC SECTOR BANKS:
Vijaya Bank posts Rs 76-cr loss in Q1
Rs 190-cr provisioning made towards depreciation. Bangalore, July 26 A huge diminution in its investment portfolios, which included exposure to equity, government securities and mutual funds, has pushed the public sector Vijaya Bank into a net ...
PUBLIC SECTOR BANKS:
Oriental Bank of Commerce posts higher net in Q1
Thanks to reduction in deposit costs, improved yield on advances. New Delhi, July 26 Aided by reduction in cost of deposits, improved yield on advances and a write-back of income-tax provision of Rs 147 crore relating to previous year, ...
STEEL:
Jindal Stainless net down 66%
Jindal Stainless has reported a net profit of Rs 28 crore for the first quarter of the current fiscal, down 66 per cent compared with Rs 83 crore in the corresponding quarter last fiscal. “On account of foreign exchange fluctuations, ...
POWER:
JSPL Q1 net rises 61%
Jindal Steel & Power Ltd (JSPL) has reported a 61 per cent increase in net profit after tax (PAT) to Rs 402.30 crore against Rs 250.11 crore in the same quarter last fiscal. The company’s net sales went up 55 per cent to Rs 1,895 crore ...
REAL ESTATE & CONSTRUCTION:
Hindustan Construction net down 11.8%
Mumbai, July 26 Hindustan Construction Company Ltd, on a standalone basis, posted a 11.83 per cent drop in net profit at Rs 30.82 crore for the quarter-ended June 30, against Rs 34.98 crore logged in the same period last year. However, total ...
PUBLIC SECTOR BANKS:
UCO Bank net up marginally despite Rs 107-cr provision
Kolkata, July 26 UCO Bank has reported a marginal increase in net profit by 0.76 per cent at Rs 134 crore for the first quarter ended June 30, 2008, up from Rs 133 crore during the corresponding quarter last ...
PHARMACEUTICALS:
Suven Life Sciences net down 49%
Hyderabad, July 26 Suven Life Sciences Ltd’s net profit decreased 49 per cent at Rs 1.6 crore in the first quarter ended June 30, 2008 compared with Rs 3.15 crore in the same quarter last year. ...
TEXTILES:
SRF profit declines on forex rate fluctuations, interest charges
New Delhi, July 26 SRF Ltd has reported a 16 per cent growth in revenues for the first quarter while the profit after tax (PAT) has declined by 18 per cent. The company’s total revenue and PAT for the quarter stood at Rs 471 crore and ...
PUBLIC SECTOR BANKS:
Andhra Bank Q1 net down 46% on operating expenses
Hyderabad, July 26 Andhra Bank’s net profit decreased by over 46 per cent to Rs 77. 6 crore in the first quarter ended June 30, 2008, compared with Rs 141 crore in the corresponding quarter of previous fiscal. ...
SHIPPING:
SCI net up 36%; bonus issue at 1:2
Mumbai, July 26 Shipping Corporation of India (SCI) posted a net profit growth of 36 per cent in the first quarter ended June 30, 2008 on account of high freight rates from liner division, bulk and tanker ...
FINANCIAL PERFORMANCE:
IFGL Q1 profit climbs 122%
Kolkata, July 26 IFGL Refractories Ltd has posted a 122 per cent growth in profit after tax on a consolidated basis during the quarter ended June 30, 2008. ...
PHARMACEUTICALS:
Divis Lab net rises 45%
Hyderabad, July 26 Divis Laboratories Ltd’s net profit increased 45 per cent at Rs 94 crore in the first quarter ended June 30 compared with Rs 65 crore in the corresponding quarter of previous fiscal year. This was driven by increase in ...
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