Axis Bank, one of India’s largest private sector banks, clocked an impressive 28% growth in net interest income to Rs 3,838 crore for the quarter ended 31 December 2010, compared to the same period last year. Its net profit grew at 36% to Rs 891 crore, on a year-on-year (y-o-y) basis, and 21% over quarter ended 30 September 2010, which is commendable.
December 2010 results
Recent Posts
IndusInd Bank net profit rises by 75%, stock unmoved
|
IndusInd Bank has done well in the December quarter, with its net interest income rising by 53% to Rs 363 crore, in the quarter ended December 2010, over the same period a year ago. Its net profit has risen 75%, to close at Rs 154 crore in this quarter. The bank’s year on year growth is similar to that for September 2010 quarter, when its net profit rose by 71% and net interest income rose by 58%.
Filed under: Banks, Companies, Top News, December 2010 results, Indusind Bank
TCS results to brighten IT sector outlook
|
Indian software giant Tata Consultancy Services (TCS) has logged impressive sales as well as profit growth, on the back of rising volume of work and aggressive cost management.
The company’s consolidated sales in the quarter ended 31 December 2010 rose by 4% over the previous quarter to Rs 9663 crore. This growth was higher than that of Infosys, whose sales grew by just 2.3% sequentially, and which had got affected by foreign exchange volatility.
Filed under: Companies, Information Technology, Top News, December 2010 results, Infosys, TCS
Jaiprakash Power Ventures’ net profit rises 35%
|
Jaiprakash Power Ventures (JPVL), a large private sector hydropower company reported a 52% increase in sales to Rs 181 crore, in the December 2010 quarter. Its sales slipped 36% sequentially, which should be seen in the light of the business being a seasonal one.
JPVL’s net profit is 35% up at Rs 23 crore, compared to the December 2009 quarter and one-fourth the previous quarter’s level.
Filed under: Companies, Power, Quick News, December 2010 results, Hydro Power, Jaiprakash Power Ventures
Unichem profit falls 24%, stock falls 7%
|
Pharmaceutical company Unichem Laboratories reported a 14% increase in its standalone revenues to Rs 197 crore in the December quarter, over the same period last year. Its domestic business revenues rose by 12% to Rs 155 crore while its exports business revenues rose by 24%.
Its raw material costs rose at a much faster rate however, with material consumption rising by 18% to Rs 67 crore.
Continue Reading →
Filed under: Companies, Quick News, December 2010 results, Pharmaceutical, Unichem Laboratories
Godrej Properties net profit halves in December quarter
|
Godrej Properties, an emerging force in the real estate sector, has done well in the quarter ended December 2010, with sales rising 40% to Rs 48 crore, over the previous quarter, and by 39% over the same period last year.
Its profits, however, have fallen, with net profit halving to Rs 18 crore, compared to the previous quarter, but is flat when compared to the same period, a year ago.
Filed under: Companies, Real Estate, Top News, December 2010 results, Godrej Properties
HDFC net profit rises 32%, as investment income zooms
|
Housing Development Finance Corporation (HDFC), a well-known housing finance company, reported its December quarter numbers. Concerns about rising interest rates have clouded the outlook for financial service providers, particularly lenders. The quarter has seen slower growth in HDFC’s net interest income.
Highlights:
Continue Reading →
Filed under: Companies, Finance+Markets, Top News, December 2010 results, HDFC, Housing Finance
CMC’s international biz drives growth
|
CMC Ltd, a mid-sized Rs 708 crore IT solutions company has announced its results for the quarter ended December 2010. Its consolidated sales have risen by 29% to Rs 274 crore, over the same quarter last year. Its net profit has risen by 25% in this period.
Filed under: Companies, Information Technology, Quick News, CMC, December 2010 results
Sintex Industries logs impressive results in December quarter
|
Sintex Industries, the plastics and textile major, has logged impressive growth of 28% in revenues to Rs 1,186 crore, in the December quarter over the preceding quarter, and about 42% year on year. It has been strong on the profit front too, with the net profit crossing the Rs 100 crore mark, to Rs 113 crore.
Filed under: Companies, Quick News, December 2010 results, Sintex Industries
Infosys meets $ guidance, but markets want more
|
Infosys Technologies reported its December quarter results today. Its share price was down by about 4% at the time of posting, as its results lagged market expectations.