The net profit of Madras Cements for the quarter ended December 31, 2011 has increased by 77 per cent to Rs. 76.84 crore from Rs. 43.48 crore. According to a release, net sales have risen to Rs. 741.04 crore from Rs. 579.21 crore.
The profit from operations, before other income, interest and exceptional items, is higher at Rs. 149.15 crore against Rs. 97.63 crore.
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Godrej Industries, with presence in consumer products, chemicals, real estate and agro products, has benefited from an overall growth from its business verticals and reported a 39 per cent higher consolidated net profit of Rs.85 crore (Rs.61 crore) for the third quarter ended December 31, 2011, on a 41 per cent higher total income of Rs.1,520 crore (Rs.1,076 crore).
Godrej Consumer
Godrej Consumer Products (GCPL) reported a 41 per cent higher net profit at Rs.167 crore on revenues of Rs.1,344 crore and also a 59 per cent higher operating profit of Rs.272 crore.
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During the period, GCPL bought a majority stake in Cosmetica Nacional giving it access to markets in Latin America.
GIC Housing
GIC Housing Finance reported a net profit of Rs. 12.20 crore for the third quarter ended December 31, 2011, against Rs. 57.35 crore in the year-ago period. Total income was higher at Rs. 112.29 crore (Rs. 85.08 crore).
Loan disbursements stood at Rs. 246.35 crore.
The company effected disbursements to the tune of Rs. 715.44 crore in the nine months ended December 31, 2011, against Rs. 722.43 crore in the corresponding period in the previous year.
Lakshmi Vilas Bank
Lakshmi Vilas Bank registered 10.35 per cent rise in net profit at Rs. 28.35 crore for the third quarter ended December 31, 2011 against Rs. 25.69 crore in the same period in the previous year.
Total income has risen by 49.4 per cent to Rs. 429.49 crore.
Total business improved to Rs. 22,625 crore from Rs. 16,872 crore with deposits accounting for Rs. 13,281 crore (Rs. 9,954 crore) and gross advances Rs. 9,344 crore (Rs.6,918 crore).
The capital adequacy ratio stood at 10.82 per cent. The bank is in the process of raising Rs. 250 crore in Tier-II bonds.