MRF Q2 net jumps 40 %

April 18, 2013 11:49 pm | Updated 11:50 pm IST - CHENNAI:

MRF, on Thursday, reported a 40.2 per cent jump in its standalone net profit at Rs.210.61 crore for the second quarter ended March 31, 2013, against Rs.150.13 crore in the year-ago period.

Total income stood at Rs.2,906.30 crore as against Rs.2,992.80 crore.

The company follows October-September financial year period.

For the six month period ended March 31, 2013, the standalone net profit grew by 48.5 per cent to Rs.390.83 crore from Rs.263.02 crore, the company said in a BSE filing.

Total income grew marginally to Rs.5,932.05 crore from Rs.5,868.29 crore.

Essar Ports

Essar Ports reported a five-fold increase in its consolidated net profit at Rs.331.6 crore for fiscal 2012-13 on higher income. The company had clocked Rs.63.95 crore net profit during 2011-12 fiscal.

Income from operations grew 28.2 per cent to Rs.1,421.53 crore from Rs.1,108.81 crore, the company said in a filing on the BSE.

The company recommended a dividend of 50 paise per share for 2012-13.

In the fourth quarter ended March 31, 2013, the company recorded a net profit of Rs.92.1 crore against a loss of Rs.61.5 crore.

Its revenue increased by 31 per cent to Rs.389.9 crore from Rs..296.6 crore.

IndusInd Bank

IndusInd Bank reported a 38 per cent jump in its net profit at Rs.307.40 crore during the fourth quarter ended March 31, 2013, against Rs.223.38 crore a year-ago, driven by a healthy rise in its core income.

For the full fiscal ended March 31, 2013, the net profit grew 32 per cent to Rs.1,061.18 crore from Rs.802.61 crore in 2011-12.

During the fourth quarter, total income rose 23.55 per cent to Rs.2,190.66 crore from Rs.1,773 crore a year ago.

Net interest income soared 42 per cent to Rs.661.23 crore from Rs.464.40 crore. — PTI

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