Public sector lender Dena Bank’s profit more than halved to Rs. 125.67 crore in the quarter ended March 31, 2013 due to higher provisioning and contingencies.
The bank had reported net profit of Rs. 254.79 crore over the same period (January-March) of the previous fiscal 2011-12.
Bank’s provisioning and contingencies rose to Rs. 341.95 crore in the quarter ended March 2013 from Rs. 291.11 crore over the previous quarter a year ago.
Total income of the bank during the quarter under review rose to Rs. 2,539.74 crore from Rs. 2,166.36 crore a year earlier.
For the full fiscal 2012-13, the net profit of the bank rose marginally to Rs. 810.38 crore from Rs. 803.14 crore in 2011-12.
Total income during the year rose to Rs. 9,554.85 crore from Rs. 7,376.30 crore.
Shares of the bank closed at Rs. 93.90 apiece on the BSE on Friday, up 0.91 per cent from their previous close.
Lower sales and higher outgo on freight have eroded JK Cement’s net profit by 30 per cent for the quarter ended March 31 at Rs. 56.19 crore.
The company had clocked Rs. 80.34 crore net profit after taxes, minority interest and share of profit of associates in the corresponding quarter of the previous fiscal, it said in a BSE filing. Net sales of the company dipped to Rs. 768.81 crore from Rs. 805.86 crore a year ago.
Total expenses, on the other hand, went up to Rs.669.68 crore compared to Rs. 639.35 crore, mainly on higher outgo on freight. Freight charges rose to Rs. 171.19 crore during the quarter from Rs. 148.47 crore, it said.
For the full year 2012-13, JK Cement’s net profit, however, increased to Rs. 233.54 crore from Rs. 177.33 crore in 2011-12.
The company’s board of directors has recommended dividend of Rs. 6.50 per share for 2012-13.
Drug firm Unichem Laboratories reported a 33.57 per cent rise in net profit at Rs. 31.03 crore for the fourth quarter ended March 31, 2013, on the back of robust sales.
The company had posted a net profit of Rs. 23.23 crore for the corresponding quarter in previous fiscal, the company said in a filing to BSE.
Total income of the company also rose to Rs. 243.53 crore for the quarter under consideration from Rs. 192.97 crore in the same period year ago.
The board of directors has recommended a dividend of Rs. 4.50 per equity share of Rs 2 each for the year ended March 31, 2013.
The net profit of the company for the fiscal ended March 31, 2013, stood at Rs. 129.59 crore compared to Rs. 82.46 crore in 2011.12.
Total income rose to Rs. 1,005.21 crore for the fiscal year under consideration from Rs. 803.18 crore in the preceding year.
Godrej Properties has reported a 51 per cent rise in its standalone net profit at Rs. 122.67 crore for the year ended March 31, 2013 against Rs. 81.36 crore in the previous financial year. Total income rose by 15.7 per cent to Rs. 426.71 crore from S. 368.94 crore.
The company reported a 34 per cent increase in its consolidated net profit at Rs. 53.2 crore for the fourth quarter of 2012-13 fiscal on lower tax outgo. It had posted a net profit of Rs 39.8 crore in the year-ago period. The directors have recommended a dividend of Rs. 4 per share (40 per cent) for the year under reference.
In a BSE filing, Godrej Properties said the board of directors also approved the rights issue of equity shares of the face value of Rs. 10 each aggregating up to Rs. 700 crore. The terms and conditions of the rights issue, including the ratio, the issue price, issue size, record date, timing of the issue and other matters would be decided by a committee, it said.
The board of directors of Sundaram Clayton announced a second interim dividend of Rs. 5 per share (100 per cent) for the year ended March 31, 2013. The board earlier declared the first interim dividend of Rs. 9 (180 per cent) per share, taking the total dividend to Rs. 14 per share.
There will be no final dividend, the company said in a notification to stock exchanges.
For the year ended March 31, 2013, the company reported a marginal rise total income from operations at Rs. 1,018.56 crore (standalone) against Rs. 1,017 crore in the previous year. The net profit slumped to Rs. 35.42 crore from Rs. 72.29 crore.
Financial services firm India Infoline reported a rise of 72.4 per cent in its net profit to Rs. 84.17 crore in the fourth quarter ended March 31, 2013 against Rs. 48.80 crore in the same period in the previous year.
Total income stood at Rs. 732.10 crore against Rs 632.41 crore.
For the full fiscal 2012-13, the net profit rose to Rs. 279.33 crore from Rs. 136.07 crore. Total income stood at Rs. 2,658.11 crore against Rs. 1,880.37 crore in the year ago.