CBoP, Hind Copper, JBF Inds Q3 results

CORPORATE SCORECARD

Centurion Bank of Punjab net up 44%

Centurion Bank of Punjab has posted 44 per cent increase in net profit at Rs 33.5 crore for the quarter ended December 31, 2006, compared with Rs 23.3 crore in the corresponding quarter last fiscal. Total income rose to Rs 248.2 crore during the third quarter in 2006-07, up 51.7 per cent, from Rs 163.6 crore in the year-ago period, the private sector bank said.

The net advances of the bank increased 66 per cent to Rs 9,427.6 crore as on December 31, 2006, compared with the same period in 2005-06, while deposits grew by 46 per cent. CBoP said, as on December 31, its net total capital adequacy stood at 12.1 per cent and the Tier I capital was 11.1 per cent.

During the quarter under review the bank opened seven new branches taking its total network to 256 branches across 128 locations in the country.

Hind Copper PAT at Rs 132 cr

Hindustan Copper has posted a profit-after-tax at Rs 131.60 crore, an increase of 388.67 per cent, in the third quarter of 2006-07. The company's sales turnover increased 82.93 per cent at Rs 551.89 crore .

The improved performance is attributed to the specific measures adopted by the company to maximise capacity utilisation of its copper mines and plants.

Expansion activities at its mines at Malanjkhand in Madhya Pradesh and at Khetri in Rajasthan helped the company increase production of copper concentrate and reduce dependence on imports.

JBF Inds net rises 143% JBF Industries, manufacturer of polyester chips and polyester yarn, has posted 143 per cent increase in the net profit at Rs 23.37 crore in the quarter ended December 31 compared with Rs 9.6 crore in the corresponding previous year's quarter.

Its net sales grew to Rs 414.67 crore during the period against Rs 176.64 crore, up 134.75 per cent. The operating profit grew to Rs 51.25 crore compared with Rs 19.92 crore.

Earnings per share stood at Rs 4.6 against Rs 2.21 per share. Company's higher sales and the increase in profit are mainly due to the hike in volume after commissioning of a plant at Sarigam in Gujarat.