Buoyed by a hefty growth in fees and trading incomes, the country&rsquo;s third largest private sector lender Axis Bank On Friday reported a 63.23 per cent jump in its net profit at Rs 500.86 crore

Axis Bank net profit jumps 63%

Business Standard

GTL Infrastructure (GIL) has posted reduced net losses of Rs 1.40 crore in third quarter ended December 31, 2008, compared with a net loss of Rs 16 crore recorded during the same period of previous financial year.

GTL Infra reduces net losses to Rs 1.40 crore

PSI Data Systems, an Aditya Birla group company, said on Wednesday its net loss for the third quarter ended December 31 stood at Rs 559 lakh, while it had a net profit of Rs 61.96 lakh in the same period a year ago.

PSI Data Systems&#39; Q3 net loss at Rs 5.59 cr

Press Trust of India

Forex losses of Rs 13.9 crore due to the pound slipping against the dollar by 18 per cent resulted in a fall of 51.58 per cent in NIIT Technologies&rsquo; net profit for Q3 ended December 2008. Profit after tax (PAT) stood at Rs 16.8 crore compared to Rs 34.7 crore in the year-ago period. The company gets 46 per cent of its revenues from Europe and 36 per cent from the US. On a y-o-y basis, the consolidated revenue was 6.2 per cent up at Rs 248.5 crore from Rs 233.8 crore.

NIIT Tech&#39;s Q3 PAT down 52% on forex hit

Network services major GTL has posted a consolidated net profit of Rs 32.14 crore in the third quarter ended December 2008, down 18.11 per cent from Rs 39.24 crore in the year-ago period. The company posted a total income of Rs 467.81 crore in the quarter, up 4 per cent from Rs 450.31 crore compared with the year-ago period, according to a company statement. On a standalone basis, net profit declined 31 per cent to Rs 22.28 crore during the quarter under review.

GTL's consolidated net dips 11 per cent in Q3

JK Lakshmi Cement has posted a decline of 8.28 per cent in its net profit for the quarter ended December 2008 at Rs 56.04 crore compared with Rs 61.10 crore in the corresponding quarter the previous year. Net sales during the period grew to Rs 297.35 crore (Rs 282.35 crore), up 5.31 per cent.

JK Lakshmi Cement net dips

Sonata Software, a Bangalore-based travel and outsourced services firm, has posted consolidated profit after tax increase of 27 per cent at Rs 19.90 crore at the end of its third reporting quarter ending December 2008. This is from the Rs 15.68 crore posted in the corresponding period of the previous year.

Sonata Software PAT up 27%

Recovery of bad debts in corporate portfolio helped the bank to offload a substantial portion of its non-performing assets (NPAs) during the quarter. The gross NPAs for the period were recorded at Rs 263.59 crore, almost 36 per cent lower as against Rs 411.41 crore in the corresponding period last year.

IndusInd Bank Q3 profit jumps 80%, recovers NPAs

Bajaj Finserv On Thursday reported a net profit of Rs 12.29 crore for the December quarter, as against a loss of Rs 50.76 crore in the corresponding period last year despite a fall in income.

Bajaj Finserv reports first profit

Currency volatility badly hit the revenue and net profit of India&rsquo;s largest IT services provider Tata Consultancy Services. The company recorded a net profit (consolidated Indian GAAP) of Rs 1,362 crore for the quarter ended December 31, 2008 -- up a mere 2.68 per cent over the corresponding quarter figures of Rs 1,327 crore in FY07. Net profit was higher by Rs 41.53 crore due to lower depreciation charges.

Currency swings see TCS net rise just 2.7%

Tinplate Company of India has recorded a net profit of Rs 2.53 crore in the three months ended December 31, 2008, an increase of 273 per cent over the same period last year, on the back of fresh capacity and higher sales.

Tinplate, BRPL & HCC Q3 Results

LIC Housing Finance has reported a 26.70 per cent rise in its net profit to Rs 134.33 crore for the quarter ended December 31, 2008, compared with Rs 106.02 crore in the corresponding quarter last year.

LIC Housing Fin profit up 27 per cent

Reliance Capital On Tuesday posted a 11.34 per cent rise in its third quarter consolidated net profit to Rs 131.54 crore, thanks to the 36.11 per cent growth in its operating income.

R-Capital net rises 11% to Rs 132 crore

Biocon, India&rsquo;s largest biotechnology firm in the private sector, said group profit in the third quarter of the current financial year plummeted 90 per cent. Profit dropped to Rs 28 crore in the three months ended December 2008, compared to Rs 291 crore in the corresponding quarter of the last financial year. The company set aside Rs 48 crore for mark-to-market losses on foreign exchange and said profit for the year ending March 31, 2009, is likely to be hit because of exchange losses.

Biocon net dips 90 per cent

Wipro Ltd &mdash; the soaps to IT major &mdash; reported an 18 per cent net profit growth in the third quarter ending December 31, 2008 but said it expects revenues in dollar terms from its software services business to decline sequentially in the fourth quarter. Software services account for 70 per cent of Wipro's revenues.

Dollar steamrolls Wipro's Q3 IT services business, Q4 outlook weak

Hit by a slowdown in its advertising revenue growth, coupled with an increase in the input costs, media and entertainment firm Zee Entertainment Enterprises (ZEEL) has posted a 26 per cent dip in its consolidated net profit to Rs 83.97 crore for the quarter ending December 2008, compared to Rs 113.47 crore for the same quarter, a year ago.

Zee Ent net profit dips by 26%

United Breweries, India&rsquo;s largest beer marketer, has more than doubled its net profit to Rs 1.48 crore for the third quarter ended December 2008, as against Rs 68 lakh for the corresponding previous quarter. Topline of this UB Group company, which has 40 per cent of the Indian beer market, has increased by 24 per cent to Rs 373 crore for the third quarter.

United Breweries net  doubles

Pantaloon Retail, the country&rsquo;s largest retailer, posted a growth of 6 per cent in its net profit for the second quarter of FY09, much lower than analyst expectations, owing to a higher interest payout by the company in the December quarter. The company posted a net profit of Rs 33.54 crore for the quarter compared with Rs 31.65 crore in the year-ago period.

Pantaloon net up 6%

Sundaram Brake Linings has reported an 88 per cent drop in net profit for the quarter ended December 2008, to Rs 0.52 crore, compared to Rs 4.66 crore during the same period last year. Total income dropped by 26 per cent to Rs 38.28 crore from Rs 48.46 crore for the same quarter last year.

Sundaram Brake net dips

HDFC, the country&rsquo;s largest housing finance company, today reported a 15.73 per cent decline in its third quarter net profit to Rs 546.83 crore as against Rs 648.93 crore registered in the corresponding period last year.

HDFC net dips 15.7% to Rs 546 cr

UCO Bank has reported a 107.33 per cent increase in net profit to Rs 171.63 crore for the quarter ended December 31, 2008, as against Rs 82.78 crore for the same period last year.

UCO net profit rises 107 per cent

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