Dr Reddys Labs net jumps twofold

Pharma major Dr Reddys Laboratories on Tuesday said its consolidated net profit jumped by over two-fold to Rs 238.89 crore in the quarter ended June 30,2009,compared to the same period last year.

Pharma major Dr Reddys Laboratories on Tuesday said its consolidated net profit jumped by over two-fold to Rs 238.89 crore in the quarter ended June 30,2009,compared to the same period last year. The company had a net profit of Rs 91.97 crore in the same period ended June 2008,the pharma firm said in a filing to the Bombay Stock Exchange. Total income stood at Rs 1,839.3 crore in the quarter,against Rs 1,547.6 crore in the same period last fiscal. On a standalone basis,the drug firm posted a net profit of Rs 227.44 crore in the latest quarter,up 8.30 per cent from Rs 210 crore in the same quarter last fiscal. PTI

OBC Q1 NET PROFIT UP 17 PC

New Delhi: The Oriental Bank of Commerce OBC has recorded a 16.72 per cent rise in its net profit rose at Rs 257.41 crore in the first quarter of this financial year. The bank had earned a net profit of Rs 220.52 crore during the same period last year. The non-interest income of the bank grew by 90.71 per cent at Rs 391.89 crore compared with Rs 205.49 crore in the quarter ending June 2008. The banks interest income jumped by 23 per cent at Rs 2,404 core. For the same quarter last year,it was Rs 1,915 crore. Total income rose by 29.5 per cent to Rs 2,796.10 crore compared with Rs 2,159.21 crore last year. Operating profit grew 46.13 per cent to Rs 516.91crore. ENS

YES BANK Q1 PROFIT UP 84 PC

Mumbai: Private sector lender Yes Bank on Tuesday reported a 84 per cent jump in its net profit for the first quarter ended June 30 to Rs 100.07 crore,over the corresponding period a year ago. Meanwhile,the bank said it is planning to raise 250 million about Rs 1,210 crore through the issue of securities in the domestic market. The issuance may be by way of QIP,preferential allotment or by any other appropriate mode as decided by the committee, Yes Bank said. PTI

RADICO KHAITAN Q1 NET UP 55 PC

New Delhi: Riding on robust sales of two of its popular brands 8PM Whisky and Magic Moments Vodka,spirits maker Radico Khaitan has reported a 55.52 per cent jump in its net profit at Rs 10.70 crore for the first quarter ended on June 30,2009. The company had a net profit of Rs 6.88 crore in the corresponding quarter ended June 30,2008,Radico Khaitan said in a statement. PTI