Integrated financial services provider, JM Financial, today reported a 17.17% decline in its net consolidated profit to Rs 24.41 crore for the quarter ended June 30, 2011 on the back of reduced margins and rising interest rates.

JM Financial Q1 net down 17% at Rs 24 cr

Press Trust of India

State government promoted, Gujarat State Fertilisers and Chemicals Ltd (GSFC) has posted net profit of Rs 142 crore for the first quarter ended June 2011, up by 31 per cent from Rs 109 crore registered in the corresponding period last year.

GSFC net rises by 31% on increased sales

Business Standard

Bank of Baroda&rsquo;s (BoB) net profit grew 20.2 per cent to Rs 1,033 crore in the first quarter ended June, on steady growth in net interest income (NII). The government-owned lender&rsquo;s net profit for the same quarter last year was Rs 859 crore.

BoB net up 20% in June quarter

Vijaya Bank, the Bangalore-headquartered public sector lender, recorded a drop of of 58.4 per cent in net profit at Rs 72.22 crore for the first quarter of 2011-12 from Rs 173.48 crore during first quarter of 2010-11. Chairman and managing director H S Upendra Kamath said the bank had to provision Rs 154.2 crore towards bad loans, of which Rs 108.3 crore is due to rise in the minimum provisioning requirement.

Vijaya Bank net profit dips 58%

Punjab National Bank (PNB) on Thursday reported a modest 3.44 per cent rise in net profit at Rs 1,105 crore for the quarter ended June 30, against Rs 1,068 crore in the same quarter of the previous financial year. The profit growth came down on account of a reduction in treasury income and higher provisioning against bad loans.

PNB net rises 3.4%

Andhra Bank on Thursday reported a 20.6 per cent growth in net profit at Rs 386 crore for the quarter ended June 30. The growth was driven by improved net interest income and steadily-growing advances. The bank&rsquo;s net profit stood at Rs 322 crore in the same quarter last year.

Andhra Bank net up 21%

Corporation Bank posted a 5.3 per cent growth in net profit to Rs 351 crore for the quarter ended June 30, compared to Rs 333.8 crore in the same period of the previous year. The flat growth in net profit is due to higher cost of funds and slower loan growth.

Corp Bank net at Rs 351 crore

Cigarette to hotels major, ITC Ltd, beat market expectations in the first quarter posting a profit after tax of 25 per cent growth at Rs 1,332.7 crore, on the back of a sales surge across segments.

ITC posts 25% jump in PAT on sales

Oil and Natural Gas Corporation (ONGC), the country&rsquo;s biggest energy explorer, has reported a 12 per cent rise in net profit for the quarter ended June despite a 118 per cent jump in subsidy burden. Net profit for the quarter stood at Rs 4,095 crore while net sales rose 18.7 per cent to Rs 16,268 crore.

ONGC net profit up 12%

Hindustan Unilever's (HUL) sales grew by 14.4 per cent on year-on-year basis to Rs 5,579 crore in the quarter ended June. Volume growth was lower than expectations at 8.6 per cent. Notably, the company had registered double digit volume growth in the last 5 consecutive quarters.

HUL net profit soars 17.6% 

Motherson Sumi Systems posted its June quarter ended results with a net profit of Rs 65 crore, an increase of 9% from Rs 60 crore in the corresponding quarter a year ago.

Motherson Sumi Q1 net up 9% to Rs 65 cr

Public Sector lender Central Bank of India today reported a 17% decline in the net profit for the quarter ended June 30, to Rs 281 crore from Rs 377 crore reported in the corresponding quarter a year ago.

Central Bank Q1 net dips 17% to Rs 281 cr

Syndicate Bank has posted net profit for the first quarter ended June, 2011, at Rs 343 crore, up 29% from Rs 266 crore in the corresponding quarter a year ago.

Syndicate Bank Q1 net rises 29% to Rs 343 cr

The Kumbakonam-based bank reported a PAT of Rs 44.37 crore during the same period of the previous year, City Union Bank Managing Director and Chief Executive N Kamakodi, said.

City Union Bank Q1 up 31% at Rs 58 cr

Orchid Chemicals &amp; Pharmaceuticals today said its consolidated profit after tax declined by 28.09% to Rs 16.92 for the first quarter ended June 30, 2011, over the same period previous fiscal.

Orchid Chemicals Q1 net dips 28% to Rs 17 cr

Air conditioner maker Blue Star today posted a 74% decline in its net profit to Rs 9.79 crore for the quarter ended June 30, 2011 as against the same period last fiscal.

Blue Star Q1 net down 74%  at Rs 10 cr

Hit hard by higher raw material costs, Steel Authority of India (SAIL) today reported a 29% dip in net profit to Rs 838 crore for the first quarter of the current fiscal despite nearly 20% jump in sales.

SAIL Q1 dips 29% to Rs 838 cr

JK Tyre &amp; Industries today reported a 95.08% decline in its net profit for the quarter ended June 30 at Rs 96 lakh.

JK Tyre Q1 net profit falls 95% to Rs 96 lakh

The company had posted a net profit of Rs 40.37 crore in the year-ago period, TVS Motor Company said in a filing to the Bombay Stock Exchange (BSE).

TVS Motor Q1 net rises 46% at Rs 59 cr

The company had posted a net profit of Rs 342.1 crore in the April-June quarter of 2009-10, NLC said in a filing to the Bombay Stock Exchange.

Neyveli Lignite's Q1 net flat at Rs 343 cr

The company had reported a net profit of Rs 304.41 crore during the same quarter of the previous financial year, Torrent Power said in a filing to the Bombay Stock Exchange.

Torrent Power net up 14% at Rs 349 cr

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