ITC net up 4.6 percent, crosses Rs.3,200 crore

July 31st, 2009 MUMBAI - State-run National Aluminium Co (NALCO) reported a 75 percent fall in net profit to Rs.126.4 crore for the quarter ended June 30, as compared to Rs.525.3 crore in the like period last year. The total income decreased 34 percent to Rs.1,036.5 crore from Rs.1,593.7 crore, the company said in a regulatory statement.

July 31st, 2009 BANGALORE - State-run Syndicate Bank posted a net profit of Rs.262 crore for the first quarter this fiscal, registering a whopping growth of 198 percent year-on-year from Rs.88 crore in the like period last year. "We have nearly trebled our net profit in the first quarter on a healthy 16.4 percent growth in net interest income (NII) to Rs.586 crore from Rs.503 crore a year ago and better management of treasury operations," bank executive director V.K.

July 29th, 2009 MUMBAI - Vedanta group firm Sterlite Industries Wednesday reported a 42 percent fall in its net profit for the quarter ended June 30 to Rs.672.6 crore as against Rs.1,151 crore in the like period last year. The total income fell 19 percent to Rs.4,957.1 crore from Rs.6,172.5 crore, the company said in a statement.

July 29th, 2009 MUMBAI - Jindal Steel and Power Wednesday reported a 25 percent dip in net profit to Rs.300 crore for the first quarter this fiscal as compared to Rs.402.3 crore in the same period last year. The total income decreased 16 percent to Rs.1,592.6 crore from Rs.1,902.7 crore, the company said in a regulatory statement.

July 25th, 2009 MUMBAI - State-run gas utility company GAIL India Saturday reported a 26.8 percent dip in its net profit at Rs.655.8 crore ($135.5 million) for the quarter ended June 30, compared to Rs.896.8 crore in the same period last fiscal. However, the total income increased 4.3 percent to Rs.6,101.3 crore from Rs.5,845.5 crore, the company said in a regulatory statement.

July 25th, 2009 CHENNAI - City-based engineering and infrastructure firm BGR Energy Systems has posted a net profit of Rs.20.23 crore for the quarter ended June 30 as against Rs.17.23 crore reported in the like period last year, a growth of 17 percent. The company's turnover during the period stood at Rs.311 crore as compared to Rs.306 crore in the April-June quarter last fiscal, BGR said in a statement.

July 23rd, 2009 KOLKATA - Diversified business house ITC posted a net profit of Rs.878.7 crore in the quarter ended June 30, as compared to Rs.748.67 crore earned in the corresponding quarter the previous year, the company said here Thursday. This reflected a growth of 17.4 percent.

July 22nd, 2009 BANGALORE - State-run Canara Bank Wednesday reported a net profit of Rs.555 crore for the first quarter this fiscal, registering a whopping 353 percent year-on-year (YoY) increase over the Rs.123 crore posted in the corresponding quarter year ago. "The net profit for the quarter has shot up due to multiple factors such as net interest income growing by 27 percent YoY to Rs.1,291 crore from Rs.1,019 crore, other income increasing by 29 percent to Rs.

July 14th, 2009 MUMBAI - The country's second largest private lender HDFC Bank Tuesday said its net profit increased by about 31 percent to Rs.606 crore (Rs.6.06 billion/$123.4 million) in the first quarter this fiscal, compared to Rs.464.35 crore in the year-ago period. The bank's net income for the period under review grew 21.86 percent to Rs.5,136.75 crore from Rs.4,215.15 crore.

June 25th, 2009 NEW DELHI - Realty major Unitech's net profit dipped 28 percent to about Rs.740 crore for 2008-09 from nearly Rs.1,031 crore posted the previous year, the company said Thursday. Its total income in the year under review decreased to Rs.2,455 crore from Rs.2,970 crore earned in 2007-08, it said in a regulatory statement.

June 12th, 2009 KOLKATA - Non-banking finance company SREI Infrastructure Finance has posted a net profit of Rs.50.36 crore for the year ended March 31 - a fall of 53 percent from Rs.107.96 crore recorded the year before. Total income fell by 30 percent to Rs.322.27 crore last fiscal from Rs.462.15 crore in 2007-08, the company said in a statement Friday.

June 5th, 2009 NEW DELHI - In yet another sign of the economy clawing back, direct tax collection in May rose to Rs.11,919 crore compared to the Rs.10,198 crore raised in the year-ago period when the global meltdown was still to hit India. This rise of about 16.88 percent is also in sharp contrast to the 3.19 percent negative growth witnessed in April.

June 2nd, 2009 MUMBAI - State-run oil refining and marketing major Hindustan Petroleum Co Ltd (HPCL) Tuesday reported 44.5 percent fall in consolidated net profit for 2008-09 at Rs.757.32 crore, down from Rs.1,364.1 crore recorded the year before. However, the overall turnover during the period marked an increase of 16.5 percent at Rs.129,978.82 crore, comparing to Rs.111,603.58 crore in 2007-08.

May 28th, 2009 NEW DELHI - Auto major Mahindra and Mahindra (M&M) Thursday reported a 22.2 percent decline in its net profit for 2008-09 at Rs.858.7 crore, down from Rs.1,103.3 crore reported the year before. This is despite a 14.5 percent jump in the company's annual turnover to Rs.13,364.02 crore last fiscal from Rs.11,671.6 crore in 2007-08, the company said in a regulatory statement.

January 26th, 2009 MUMBAI - State-owned steel manufacturer, Steel Authority of India (SAIL), Tuesday announced its net profits had declined in the third quarter by 56.4 percent to Rs.8.43 billion (Rs.843.34 crore) from Rs.19.35 billion (Rs.1,934.66 crore) in the year-ago period. The company's net sales were down 7.14 percent to Rs.88.52 billion (Rs.8,852.26 crore) for the period under review, against Rs.95.33 billion (Rs.9,533.3 crore) in the corresponding previous quarter.