Company Results

Corporation Bank Q4 net profit jumps 26%; declares dividend of Rs 8 each share

Corporation BankPublic 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’s Net Profit dips 13% in Q4

Piramal HealthcarePiramal 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.

IDBI Bank Q4 net profit surges 28%

IDBI BankState-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.

Kirloskar Oil register 36% surge in its Q4 net profit

Kirloskar Oil EnginesDiesel-engine manufacturer Kirloskar Oil Engines has registered 36% jump in its net profit for the fourth quarter ended March 31, 2009.

The company posted net profit worth Rs 49.05 crore against Rs 36.17 crore in the same quarter ended March, 2008.

However, the total operating income of the company during the quarter, stood at Rs 503.81 crore against Rs 616.61 crore in the previous fiscal.

Zee News Q4 net profit dips 43%; Stock loses 6%

Zee NewsSubhash Chandra promoted firm Zee News has registered 42.67 per cent drop in its consolidated net profit for the fourth quarter ended March 31

The company posted net profit worth Rs 8.76 crore against Rs 15.28 crore in the same quarter ended March, 2008.

However, the company’s has cloaked total income worth Rs 138.44 crore during the quarter under review, as against Rs 113.07 crore in the same quarter last fiscal.

For the year ended March 31, the company has posted a consolidated net profit of Rs 44.66 crore, up 20.47 per cent from Rs 37.07 crore in the same period previous fiscal.

Bajaj Hindustan Registers 89% Growth: Nirmal Bang

bajaj hindusthanThe company reported Net Sales including operating other income of Rs 515.93 Crs in Q2 FY 09 as against Rs 500.04 Crs in Q2 FY 08 an increase of 3.08% on YoY basis and Rs 362.24 Crs in Q1 FY 09 an increase of 29.79% QoQ basis.

The company reported an EBIDTA of Rs 279.86 Crs in Q2 FY09 as against Rs 392.70 Crs in Q2 FY08 a decline of 40.32% YoY basis and against Rs 353.22 Crs in Q1 FY09 a decline of 26.21% QoQ basis as lower production cost and deprecation cost has increased.

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