by Bhaveek Patel
India’s second largest private sector bank HDFC Bank, reported its first quarter result for 2011 (April-June), its net profit rose by more than 33% to Rs.1,085 crore as compared to the same period last year. This result was better than expected, so the market participants has become positive on the growth of this private sector bank. However, the CASA (Current Account Savings Account) ratio dipped to 49.1% from 51% in March quarter, this was a .....
by Bhaveek Patel
India’s second largest two wheeler producer Bajaj Auto Ltd. has declared its first quarter FY12 net profit of Rs/711 cr, a growth of 20.5% as compared to Rs.590 crore for the same period a year ago. Also, revenues increased 22% to Rs.4,777 cr in the quarter ended March 2011 versus Rs.3,890 crore in same period the previous year. However, operating profit margin too was quite a bit disappointing, which came at 19.06% against 20% on .....