Bharat Heavy Electrical limited (BHEL) on Friday reported a 14 per cent jump in net profit at Rs.3,660.20 crore in the nine months ended December 31, 2011.
The power equipment major had a net profit of Rs.3,213.20 crore in the year-ago period. Sales rose to Rs.29,269.10 crore from Rs.24,756.50 crore in the same period a year ago, the company said in a statement here.
In the December quarter, the net profit rose to Rs.1,432.60 crore from Rs.1,412 crore. Sales stood at Rs.11,078.30 crore as against Rs.10,757.60 crore in the year-ago period.
Interestingly, BHEL has maintained its track record of earning profits uninterruptedly for nearly four decades without a break. Significantly, its turnover has increased by three times and the net profit by four times in the last five years, the statement said. The company's order book position stood at Rs.1,46,500 crore, at the end of the first quarter and it expects to achieve robust growth in 2011-12 and beyond.
BHEL has been pushing ahead with modernisation by way of contemporary technology, state-of-the-art manufacturing facilities and skilled technical manpower to meet the country's power forecast in the future. The company has established the capability to deliver 15,000 MW per annum of equipment and further augmentation to 20,000 MW per annum is under way.
NTPC
NTPC on Friday reported a 10.16 per cent decline in its net profit for the third quarter ended December 31, 2011, at Rs. 2,130.39 crore against Rs.2,371.48 crore in the same period in 2010-11, due to rising cost of fuel.
In a statement issued here, the company said its total income in the period under review increased by 14.68 per cent to Rs.16,245.42 crore from Rs.14,165.33 crore in the corresponding period of last fiscal.
Total expenditure grew by 26.87 per cent to Rs.13,232.97 crore from Rs.10,430.02 crore. Fuel cost alone rose by 29.43 per cent in the quarter ended December 31, 2011, to Rs.10,793.29 crore from Rs.8,338.64 crore in the corresponding period of last fiscal.
The company's board has decided to pay an interim dividend of Rs.3.50 per share on the face value of Rs.10 each for 2011-12. It said one unit of 600 MW of the company's Sipat project was declared c
Sundaram Finance
Sundaram Finance registered a 29 per cent growth in net profit at Rs.91 crore for the quarter ended December 31, 2011, up from Rs.70.69 crore in the same quarter in the previous year. Disbursements increased to Rs.2,485 crore (Rs.1,758 crore). Net profit for the nine months ended December 31, 2011, increased to Rs. 257.24 crore (Rs.197.03 crore).
The company declared an interim dividend of Rs. 7.50 per share.
MARG
MARG, a diversified infrastructure development company, has recorded a 52 per cent increase in net sales at Rs. 483 crore in the third quarter ended December 31, 2011, against Rs. 317.3 crore in the corresponding period in the previous year.
The net profit has risen by 15 per cent to Rs.18.40 crore from Rs. 15.9 crore, says a release.
Bank of India
Bank of India reported a 9.6 per cent rise in net profit to Rs. 716.15 crore in the third quarter of the current financial year despite a rise in the cost of deposits by one percentage point.
The net profit was Rs. 653.16 crore in the same period last year.
Total income rose to Rs. 8,002.27 crore (Rs. 6,115.76 crore). Net interest income grew by 4.1 per cent to Rs. 2,068 crore (Rs. 1,987 crore). Net interest margin stood at 2.55 per cent (2.43 per cent). Gross NPAs (non-performing assets) slipped to 2.74 per cent (2.36 per cent). The net NPA increased to 1.78 per cent from 0.88 per cent.
Karur Vysya Bank
Karur Vysya Bank has registered a net profit of Rs. 124.92 crore in the three months ended December 31, 2011, against Rs. 113.22 crore in the same three months in 2010-11.
Total income has risen to Rs. 945.77 crore from Rs. 645.87 crore. Interest income was higher at Rs. 856.33 crore (Rs. 575.49 crore). Gross NPAs were higher at Rs. 322.12 crore against Rs. 251.57 crore and the net NPA at Rs. 64.34 crore against Rs. 31.75 crore.
