Quarterly results

IDBI Bank Q3 net up 58.

IDBI Bank Q3 net up 58

MUMBAI: IDBI Bank has reported a jump of 58.13 per cent in its net profit at Rs 454.08 crore for the third quarter ended December 31,2010. It had a net profit of Rs 287.15 crore during the corresponding quarter of last fiscal,IDBI Bank said in a filing to the Bombay Stock Exchange. The bank also reported an increase of 16.38 per cent in its total income during the third quarter at Rs 5,159.54 crore as against Rs 4,433.40 crore in the year-ago period,it added. Total business grew by over 12 per cent to Rs 2,84,729 crore during the quarter under review from Rs 2,54,075 crore in the corresponding period of 2009-10. Its advances went up by nearly 21 per cent to Rs 1,34,491 crore.

Sterlite Q3 profit up 60

new delhi: Non-ferrous metals and mining company Sterlite Industries on Wednesday reported a whopping 60.27 per cent rise in its consolidated net profit at Rs 1,101 crore for the third quarter of the current fiscal on higher sales. The company,a subsidiary of Anil Agarwal-led Vedanta Resources,had registered a consolidated net profit of Rs 686.93 crore in the same quarter last fiscal. Sterlites net sales increased to Rs 8,294.32 crore during the quarter compared to Rs 6,669.28 crore during the October-December quarter of the last fiscal.

JK Tyre Q3 net down 75

new delhi: Hurt by rising input costs,JK Tyre amp; Industries on Wednesday reported a 74.93 per cent decline in net profit for the quarter ended December 31,2010,to Rs 9.14 crore. The company had posted a net profit of Rs 36.46 crore for the same quarter last fiscal,JK Tyre amp; Industries said. Net sales during the third quarter this fiscal stood at Rs 1,174.4 crore,against Rs 798.7 crore in the year-ago period,translating into a 47 per cent increase. It was a very challenging quarter as the prices of natural rubber have increased 100 per cent,attaining unprecedented levels, the firms VC amp; MD Raghupati Singhania said.

Grasim Q3 net dips 13.5

Mumbai: Aditya Birla Group flagship company Grasim Industries which runs its business in cement,viscose staple fibre VSF,chemicals and textiles has reported a 13.5 per cent dip in consolidated net profit to Rs 501.76 from Rs 580.25 crore in the corresponding quarter last fiscal,the company said in a statement. Total income,however,increased to Rs 5,461.21 crore in the October-December quarter of the current fiscal as against Rs 4,845.51 crore in the same quarter last fiscal.