United India Insurance Company (UIIC) has announced a four per cent rise in its net profit at Rs. 364.54 crore for the half year ended September 30, 2013, against Rs 350.59 crore in the same period in the previous year.
The company reported a premium income of Rs. 4,768 crore in the first half year under reference. It is hopeful of reaching Rs. 10,500 crore mark in respect of premium income in the current financial year with focus on retail, MSME and rural insurance segments.
Investment income stood at Rs. 953 crore as against Rs. 855 crore in the year-ago period registering a rise of 11.46 per cent. The total market value of investment portfolio was Rs 19,788 crore and the company’s net worth was Rs 5,322 crore as on September 30, 2013.
Suzlon
Suzlon Energy has reported a net loss of Rs.734 crore for the second quarter ended September 30, 2013, as compared to a net loss of Rs.546 crore in the same period last year. Total income has decreased to Rs.656 crore from Rs.735 crore.
On a consolidated basis, the company reported a net loss of Rs.782 crore as compared to a net loss of Rs.807.70 crore. Total income stood at Rs.4,820 crore against Rs.5,784 crore.
Tata Teleservices
Tata Teleservices (Maharashtra) Ltd., has reported a net loss of Rs.165.23 crore for the second quarter ended September 30, 2013, as compared to a net loss of Rs.183.71 crore in the same period last year. Total income grew to Rs.677.79 crore as compared to Rs.642.97 crore in the same period last year.
Essar Ports
Essar Ports has reported a net profit of Rs.97.50 crore for the quarter ended September 30, 2013, as compared to Rs.80.50 crore in the corresponding period in the previous year, a growth of 21 per cent. Revenue, excluding trade revenues to fulfill export obligations, increased by 14 per cent to Rs.398.10 crore from Rs.348.30 crore.
Total income was at Rs.585.21 crore against Rs.344 crore.
