Sesa Goa Ltd. has declared its fourth quarter result ended this 31 march 2011. It has earned consolidated net profit of Rs.1462 crore versus Rs.1213 crore, year-on-year, YoY, with a gain of 21%. Also its net sales were up 40% at Rs.3915 crore versus Rs.2800 crore, (Year-on-Year basis) YoY. Sesa Goa Stock: After posting the better than expected result Sesa Goa stock is likely to perform very well ... [Continue Reading]
Yes Bank Ltd. (YESBANK) Q4 Profit Jumps About 45%, Better than Expected
Yes Bank - A leading private sector bank fourth quarter (January-March) net profit rose more than 45% (year-on-year basis) to Rs.203.4 crore, beating the street's estimates on the back of a strong growth in deposits and loans. The quarterly profit was found to be highest ever since its inception. Its net interest income for the three-month period was up 42.7% from a year ago to Rs.348.5 crore. As ... [Continue Reading]
HDFC Bank Reports Excellent Q4 Results on Strong Loan Growth
HDFC Bank declared better than expected fourth quarter (January-March) results with net profit of Rs.1,114.7 crore, up about 33.2% year-on-year, supported by a strong loan-book growth and higher fee-based income. Bank's quarterly net interest income was up 20.8% from a year ago to Rs.2,839.5 crore. However, HDFC Bank’s other income during the three-month period rose 32.1% year-on-year (YoY) to ... [Continue Reading]
Infosys Technologies Ltd. (INFOSYSTCH) Q4 Profit Surges 2% at Rs.1818cr
India's second largest IT services exporter Infosys Technologies Limited. has announced quarter fourth result as, net profit was reported to be at Rs.1,818 crore, a growth of just 2.15% over Rs.1,779.8 crore same in previous quarter (Q3). Revenues went up 2% to Rs.7,250 crore as against Rs.7,105.6 crore on Q on Q basis. However these numbers were below the market expectations Dalal street was ... [Continue Reading]
Reliance Ind. (RIL) Q3 Net Profit Surges 28.14% at Rs.5136cr
India's largest company by market cap, Reliance Industries Ltd. (RIL) has announced its Q3 results today, reporting net profit up 28.14% at Rs.5136 crore against Rs.4008 crore previous quarter. Net sales were up 5.15% at Rs.59,789 crore against Rs.56.856 crore. Its cash profit was found to be at Rs.8,695 crore and GRM now stands at US $9 per barrel against US $5.9 per barrel previous year. However ... [Continue Reading]