Exhibiting one of its worst quarterly performances ever, Ranbaxy Laboratories – now owned by Japanese firm Daiichi Sankyo - has posted its third straight quarter of losses, for the quarter ended March 31, 2009.
Citing foreign exchange instability, a 14 percent drop in its US market, and pricing strain in key markets, Ranbaxy posted a net loss of Rs 761 crore during the quarter – a dramatic turnaround from the Rs 153 crore net profit figures in 2008. In the previous two quarters, Ranbaxy posted losses of Rs 680 crore and Rs 394 crore.
Despite a difficult economic year, HCC, the engineering construction and infrastructure development company, has reported net profit of Rs 51.4 crore for the quarter ended March, 31,2009 compared with Rs 26.41 crore in the corresponding previous quarter.
The company has registered a growth of 94.47 per cent in its fourth quarter's net profit.
However, company's net sales during the quarter dipped to Rs 1,049.86 crore from Rs 1,071.73 crore last year, down by 2.04 per cent.
Public sector lender Corporation Bank on Friday reported a 26.18% surge in its net profit at Rs 260.49 crore for the fourth quarter ender March 31.
The lender had a net profit of Rs 206.43 crore in the March quarter last financial year.
During the fourth quarter of FY’09, the total income of the bank grew to Rs 2,199.64 crore from Rs 1,464.74 crore in the same quarter previous year.
For the financial year ended March 31, Corporation Bank reported a net profit of Rs 892.76 crore, down 21.46 per cent over the year-ago period. The bank had a net profit of Rs 734.98 crore in FY'08.
Piramal Healthcare on Friday informed that its consolidated net profit slipped 13.49% to Rs 114.90 crore in the fourth quarter ended 31 March, 2009, over the corresponding period a year ago.
The pharmaceutical firm had posted a net profit of Rs 132.82 crore in the March quarter of FY'08.
However, company’s net sales surged 9.34 per cent at Rs 850.91 crore in the March quarter, against Rs 778.20 crore in the same period last fiscal.
State-run IDBI Bank on Friday has reported a 28.02 per cent growth in its net profit for the fourth quarter ended March 31, 2009. The lender’s net profit rose to Rs 3.13 crore, against Rs 2.45 crore in the March quarter of FY'08.
While, lender’s total income surged 41% to Rs 37.34 crore for January-March 2008 from Rs 26.47 crore in the corresponding period a year ago.
During the quarter, IDBI's interest income jumped 45 per cent to Rs 32.62 crore, while interest expenditure stood at Rs 27.80 crore, up 38 per cent over the same period last fiscal.
Despite an economic slowdown, G
Exhibiting one of its worst quarterly performances ever, Ranbaxy Laboratories – now owned by Japanese firm Daiichi Sankyo - has posted its third straight quarter of losses, for the quarter ended March 31, 2009. 
Despite a difficult economic year, HCC, the engineering construction and infrastructure development company, has reported net profit of Rs 51.4 crore for the quarter ended March, 31,2009 compared with Rs 26.41 crore in the corresponding previous quarter. 
Public sector lender Corporation Bank on Friday reported a 26.18% surge in its net profit at Rs 260.49 crore for the fourth quarter ender March 31.
Piramal Healthcare on Friday informed that its consolidated net profit slipped 13.49% to Rs 114.90 crore in the fourth quarter ended 31 March, 2009, over the corresponding period a year ago.
State-run IDBI Bank on Friday has reported a 28.02 per cent growth in its net profit for the fourth quarter ended March 31, 2009. The lender’s net profit rose to Rs 3.13 crore, against Rs 2.45 crore in the March quarter of FY'08.
