Quarterly Results

Higher other income and advances coupled with better margins pushed up the fourth quarter profit of private sector lender IndusInd Bank by a robust 75.3 per cent to Rs 171.76 crore.

IndusInd net up 75 pc in Q4

MUMBAI: Higher other income and advances coupled with better margins pushed up the fourth quarter profit of private sector lender IndusInd Bank by a robust 75.3 per cent to Rs 171.76 crore. The net profit for the full fiscal rose by a healthy 64.80 per cent to Rs 577.32 crore on the back of good performance by all its verticals up from Rs 350.31 crore. The bank had recorded a net profit of Rs 97.96 crore in the corresponding quarter last fiscal,while its FY10 net income stood at Rs 350.31 crore. While net interest income rose 42.26 percent to Rs 388.08 crore (Rs 272.79 crore),core fee income jumped 46.91 per cent to Rs 164.85 crore (Rs 112.21 crore) and net bad loans came down to 0.28 per cent (0.50 per cent) during the quarter under review.

CMC March qtr net dips 0.76%

Mumbai: IT solutions provider CMC Ltd said its consolidated net profit declined by 0.76 per cent to Rs 43.96 crore for the quarter ended March 31,over the same year-ago period. The company had a net profit of Rs 44.30 crore in the same period previous fiscal,CMC Ltd said in a statement. Revenues of the company rose to Rs 294.10 crore during the January-March quarter against Rs 234.24 crore in the same year ago period.

Cera Sanitaryware net rises 40%

Mumbai: Cera Sanitaryware Limited has posted a net sales income of Rs 242.90 crore for the fiscal 2010-11 as compared to Rs 191.36 crore in 2009-10,reflecting an increase of 27%. Similarly,the operating profit under review amounted to Rs 50.31 crore as against Rs 38.53 crore in the same period previous year,registering an increase of 31 per cent.