In 2013-14, the country's listed microlending institution SKS Microfinance expects to achieve a loan disbursal of Rs 4,800 crore, which is 50 percent more than last year. In 2012-13, the firm lent Rs 3,200 crore. The company has regained its financial position which deteriorated in the wake of the crisis in the indus
Tag: earnings
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Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per
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Net profit of Corporation Bank rises marginally
Corporation Bank posted a net profit of Rs 3,555.310 million for the quarter ended March 31, 2013 as compared to Rs 3,512.625 million for the quarter ended March 31, 2012. Total Income has increased from Rs 40,091.798 million for the quarter ended March 31, 2012 to Rs 46,354.956 million for the quarter ended March 31, 2013
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Net profit of State Bank of Hyderabad falls 21%
During Jan-Mar 2013, net profit of State Bank of Hyderabad fell 21 per cent to Rs 379 crore compared to Rs 481 crore in the year-ago period. For the full year 2012-13, net profit declined 3.70 per cent at Rs 1,250 crore (Rs 1,298 crore). Total business grew by 16.9 per cent to Rs 2,10,532
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STFC to raise Rs 20 bn via bonds
Shriram Transport Finance Company (STFC) decided to raise Rs 2,000 crore by the way of non convertible debentures in 2013-14 in one or more tranches. The company said this while announcing earnings results for the entire financial year 2012-13. Its net profit rose 8 per cent to Rs 1,361 crore year on year during 2012-13
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Subdued demand may hit margins of steel firms
Owing to subdued demand for steel, earnings of companies in the sector may remain under pressure despite decline in the cost of coking coal and iron ore, the two key raw materials. Some analysts feel that earnings of steel firms may not improve in the next quarter and may recover only from the second half of 2012-13 as demand revives once cons
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Income of Gujarat Pipavav Port rises in March quarter
Net sales or income from operation of Gujarat Pipavav Port rose to Rs 124.47 crore during Jan-Mar 2013 from Rs 100.38 crore in the year-ago period. The port posted Rs 35.37 crore net profit during the quarter under consideration against Rs 14.08 crore in the corresponding period of
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Net profit of Andhra Bank rises
During Jan-Mar 2013, the net profit of Andhra Bank rose 1.5 per cent to Rs 345 crore compared from Rs 340 crore in the year-ago period. The state-run bank posted 15 per cent growth in total income at Rs 3,713 crore compared to Rs 3,229 crore in the corresponding period last year. While net interest margin was in the range of 3.04 per cent, the bank posted 17 per cent and 18.4 per cent grow
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Growth in corporate sales falls sharply in Dec quarter
Growth in the sales of 2,745 non-financial private sector companies declined sharply to 9.2 per cent at Rs 7.5 lakh crore in Oct-Dec 2012 from 19.2 per cent in the year-ago period. Data released by Reserve Bank of India (RBI) on these companies shows. During Jul-Sep 2012, sales of these firms expanded 11.3 per cent. The sales growth in Oct-Dec 2012 quar
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Net profit of RIL rises 6% in FY13
The standalone net profit of Reliance Industries (RIL) rose 6 percent in 2012-13 on a year-on-year (y-o-y) basis to Rs 21,003 crore, while its revenue rose 9.2 percent to Rs 3.71 trillion. The company attributed the growth in earnings largely to strong and improved refining margins during the year