Tata Steel one of largest steel producer in India, has announced its FY11 results yesterday. The company's FY11 consolidated net profit was seen at Rs.8983 crore versus net loss of Rs.2,009 crore in its previous year. Also, its consolidated net sales were up at Rs.1.17 lakh crore versus Rs.1.02 Lakh crore. cash, bank balances were seen at Rs.10893 crore as on 31 March 2011. Companys net debt was ... [Continue Reading]
Sesa Goa Ltd. (SESAGOA) Q4 Profit Surges About 21% at Rs 1462 crore
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]
