Mumbai: Engineering and construction firm Hindustan Construction Co. Ltd (HCC) on Friday posted a net profit of Rs42.97 crore for the quarter ended 31 March, compared with Rs51.36 crore in the year-ago period.
Due to the adoption of new accounting standards, the results are not comparable with figures of the previous period last year, HCC said in a filing to Bombay Stock Exchange.
For the year ended March, HCC posted a net profit of Rs81.43 crore, down from Rs125.34 crore last year.
Allahabad Bank net falls on treasury income drop
Mumbai: State-run Allahabad Bank reported a 15% drop in Jan-March profit, while expecting loans and deposits to grow 25% this fiscal, a top official said on Friday.
For the January-March quarter, the bank earned a profit of Rs225 crore, down from Rs264 crore a year ago.
“Net profit for the quarter was down mainly due to the impact of the treasury income, which stood at Rs61 crore during the fourth quarter, compared with Rs245 crore in the corresponding period last year,” J.P. Dua, chairman and managing director, said.
Allahabad Bank earned Rs164 crore profit from core operations during the Jan-March quarter against Rs20 crore last year.
TTML posts net loss of Rs318 cr for FY10
Source: PTI. Graphic by Paras Jain/Mint
Mumbai:Tata Teleservices (Maharashtra) Ltd on Friday posted a consolidated net loss of Rs318 crore for the year ended 31 March.
The company had reported a net loss of Rs169 crore for the previous fiscal, it said in a filing to the Bombay Stock Exchange.
Total income stood at Rs2,309 crore for the year ended 31 March, compared with Rs2,058 crore for the corresponding period in the last fiscal, the filing added.
BEL Q4 net falls 64%; FY10 profit at Rs734 cr
Mumbai:Bharat Electronics Ltd (BEL) on Friday said its net profit declined 64.29% to Rs199.74 crore for the quarter ended 31 March over the same period in the previous fiscal.
Total income decreased to Rs1,914.50 crore for the quarter, compared with Rs2,753.48 crore in the same period last year, the company said in a filing to the Bombay Stock Exchange.
For the year ended March, BEL posted a net profit of Rs733.67 crore, compared with Rs745.75 crore in the last fiscal.
ABB net slumps on forex losses, cost overruns
Mumbai: Electrical equipment maker ABB Ltd’s net profit fell 92% for the March quarter, owing to foreign exchange and derivative losses and cost overruns in select large projects, the company said on Friday.
ABB’s revenue rose a nominal 5% to Rs1,456 crore, while the order backlog at the end of March stood at Rs8,754 crore, it said in a statement.
The Banglore-based capital goods firm won new orders worth Rs1,689 crore in the quarter, compared with a higher order intake of Rs2,303 crore in the year-ago period.
GVK Power posts FY10 profit of Rs21.68 cr
Mumbai:GVK Power and Infrastructure Ltd on Friday posted a marginal rise in net profit to Rs21.68 crore for the fiscal ended March, compared with Rs21 crore the year ago.
Net sales rose to Rs45.37 crore during the year from Rs26.14 crore in fiscal 2009, the company said in a filing to the Bombay Stock Exchange.
Bharati Shipyard net for Jan-Mar at Rs35.58 cr
Mumbai: Bharati Shipyard Ltd on Friday reported a net profit of Rs35.58 crore on net sales of Rs349 crore for the quarter ended 31 March.
The year-ago numbers were not immediately available.