MUMBAI: Non-banking finance company (NBFC) Bajaj Finance on Wednesday reported a 52 per cent rise in net profit to Rs 164 crore for the March quarter boosted by sound growth in disbursements and core income growth. For the whole fiscal,net profit rose 46 per cent to Rs 591 crore compared to Rs 406 crore in FY12.
Adani Ports net up 197%
new delhi: Adani Ports and SEZ on Wednesday reported a 197 per cent increase in its consolidated net profit at Rs 710.31 crore for the fourth quarter ended March,2013,on account of one-time gain of Rs 420 crore as it divested its holding in Australias Abbot Point terminal to promoters. The Adani group company had reported a net profit of Rs 239.46 crore during the corresponding quarter of 2011-12. Net sales of the company rose by nearly 42 per cent to Rs 965.09 crore during the quarter vis-a-vis Rs 680.32 crore in the same period of the previous fiscal.
Karnataka Bank net dips 19%
new delhi: Private sector lender Karnataka Bank on Wednesday reported a 19 per cent drop in its net profit at Rs 67.39 crore for the fourth quarter ended March.Net profit of the bank stood at Rs 83.16 crore in the same period of previous fiscal,the bank said in a filing to BSE on Wednesday. Total income for the review period rose by 14 per cent to Rs 1,090.32 crore over the corresponding period of year-ago period.
UII 2012-13 net up 36%
new delhi: United India Insurance Company has posted a growth of 36 per cent in profit after tax (PAT) at Rs 527 crore for the fiscal 2012-13,as against Rs 387 crore for the previous year. The company has announced that the premium has went up 13 per cent to Rs 9,266 crore during the fiscal year,from Rs 8,179 crore during the previous year with an accretion of Rs 1,087 crore.