IDBI net up 14.28% at Rs 40cr

Industrial Development Bank of India( IDBI) has posted a 14.28 per cent increase in net profit at Rs 40 crore for the third quarter ended De...

Industrial Development Bank of India( IDBI) has posted a 14.28 per cent increase in net profit at Rs 40 crore for the third quarter ended December 31, 2002, as compared to Rs 35 crore in the same period of previous year.

Dr Reddy’s net slips 42.32%

HYDERABAD: Vindicating market fears, Dr Reddy’s Laboratories Ltd on Tuesday reported a 42.32 per cent fall in the net profit to Rs 93.16 crore for the third quarter ended December 31, 2002 as against a net profit of Rs 161.53 crore it clocked last year, the company release stated today.

SAIL Q3 at Rs 215 crore

NEW DELHI: Public sector Sail has reported a cash profit of Rs 215 crore for the third quarter ending December 31, 2002 as against a cash loss of Rs 297 crore in the same period previous year. It witnessed a jump of Rs 4,908 crore.

Gail net profit up 17 per cent

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NEW DELHI: State-owned Gas Authority of India Limited has reported a 17.3 per cent increase in its net profit to Rs 359.29 crore in the quarter ended December 31, 2002. It also declared a 30 per cent interim dividend for the 2002-03 fiscal.

Andhra Bank net up 120%

BANGALORE: Andhra Bank’s net profit for the third quarter ending December went up by more than 120 per cent at Rs 112.68 crore from Rs 46.78 crore. Net profit for nine months were up 98.7 per cent at Rs 262.40 crore from Rs 132.05 crore.

PNB net up 46.6 per cent

NEW DELHI: Punjab National Bank has reported a 46.6 per cent growth in net profit at Rs 601.66 crore during the first nine months of this fiscal compared to Rs 410.28 crore in April-December 2001. The bank’s net profit surged by 133 per cent to Rs 189.25 crore in the third quarter of this fiscal.