Shriram Transport Finance Company (STFC) has reported a rise of 11 per cent in its net interest income (on a standalone basis) for the fourth quarter ended March 31, 2013, against Rs. 805.59 crore in the same period in the previous year. The profit after tax surged by 15.3 per cent to Rs. 355.22 crore from Rs. 308.06 crore. For the year ended March 31, 2013, net interest income increased by 7.21 per cent to Rs. 3,458.82 crore from Rs. 3,226.13 crore in the previous year. The profit after tax moved up by 8.2 per cent to Rs. 1,360.62 crore from Rs. 1,257.45 crore.
The company has proposed a final dividend of Rs.4 per share. This is in addition to the interim dividend of Rs. 3 paid already taking the total dividend to Rs. 7 per share.
The directors of the company have approved on Tuesday the proposal for raising funds by way of a public issue of secured, redeemable non-convertible debentures not exceeding Rs. 2,000 crore in one or more tranches, the company said in a notification to the stock exchanges.
Ceat
Tyre maker Ceat has reported 32.8 per cent increase in its consolidated net profit at Rs.64.90 crore for the fourth quarter ended March 31, 2013, against Rs.48.86 crore in the corresponding period last year.
The consolidated net income during the period also went up by 5.7 per cent to Rs.1,345.70 crore from Rs.1,273.25 crore.
For the year ended March 31, 2013, the RPG Enterprises firm witnessed a jump of over six-fold in its consolidated net profit which stood at Rs.120.19 crore against Rs.18.19 crore in the previous fiscal. The consolidated net income rose by 8.6 per cent to Rs.5,052.21 crore from Rs.4,652.71 crore.
Glenmark Pharma
Glenmark Pharmaceuticals posted a 10.93 per cent rise in consolidated net profit at Rs.166.79 crore for the fourth quarter ended March 31, 2013, on the back of robust sales in both international and domestic markets, against Rs.150.35 crore in the year-ago period.
Net sales rose to Rs.1,335.48 crore from Rs.1,065.85 crore, the company said in a filing to the BSE.
For the year ended March 31, 2013, the company posted a net profit of Rs.614.74 crore, as against Rs.460.34 crore in the previous fiscal. Net sales rose to Rs.5,012.34 crore from Rs.4,020.64 crore.
The company’s board recommended a dividend of Rs.2 per share of the face value of Re.1, for 2012-13.
