New Delhi: Bank of Maharashtra on Monday posted a profit of Rs75.27 crore for the quarter ended 31 March 2007, against a loss of Rs33.41 crore in the same period a year ago. Total income of the lender stood at Rs852.99 crore for the quarter, compared with Rs620.98 crore in the corresponding quarter of last fiscal, the company said here. Capital adequacy ratio of the bank was at 12.06% as on 31 March 2007, while total business reached a level of Rs57,382 crore, it added.
Meanwhile, the board of directors has recommended 20% dividend for the year ended 31 March.
Castrol India Q1 PAT rises to Rs41.5 crore
Mumbai: Lubricant oil maker Castrol India Ltd on Monday said it had registered a 29.18% growth in net profit at Rs41.52 crore for the first quarter ended 31 March, compared with Rs32.14 crore in the same period a year ago. The company also recorded an 18.28% rise in total income at Rs449.40 crore for the January-March quarter, against Rs379.94 crore in the corresponding period in 2006, Castrol India informed the Bombay Stock Exchange.
Dhampur Sugar posts Rs6.9 crore loss in Q2
New Delhi: Dhampur Sugar Mills Ltd, India’s fifth-biggest sugar maker by market value, posted a loss of Rs6.93 crore in the second quarter because of a slide in prices of the sweetener. Sales fell 7% to Rs162 crore in the quarter ended 31 March, Arhant Jain, vice- president for finance, said in a phone interview on Monday.
Vijaya Bank Jan-March net profit Rs63.7 crore
Mumbai: State-run Vijaya Bank swung to a quarterly net profit in January-March helped by selective focus on a handful of “productive sectors”, its chairman said on Monday. Though net profit at Rs63.65 crore trailed analyst expectations, the bank’s shares were trading 0.72% up in the Mumbai market. “We have concentrated more on the SME, agriculture and infrastructure,” chairman and managing director Prakash P. Mallya said from Bangalore. A Reuters poll of analysts had forecast a net profit of Rs78.6 crore for the quarter. It had posted a net loss of Rs34.53 crore in the same period last year.
Andhra Bank net up 0.13% to Rs138.7 crore
Mumbai: State-run lender Andhra Bank on Monday announced that its fourth-quarter results rose by 0.13% to Rs138.7 crore, compared with Rs138.5 crore in the corresponding quarter of previous year. The bank’s total income jumped to Rs1,108.3 crore from Rs850.2 crore in the year-ago period.
Subex FY07 net profit jumps 79% to Rs67.5 cr
New Delhi: Telecom services provider Subex Azure Ltd on Monday said it had reported a 79% jump in net profit for the year ended March 2007 at Rs67.56 crore. The company also recorded an annual revenue of Rs340.9 crore. Subex Azure said in a press release that it expected net profit for 2007-08 at Rs155 crore and product revenue at Rs615 crore.