Q3 results Continue to delight

ICICI Bank Outperforms, Net up 42%, Interest Income up 32%

• Operating profit increased 65% to Rs. 1,976 crore (US$ 446 million) for Q3-2007 from Rs. 1,194 crore (US$ 270 million) for Q3-2006.
• Profit after tax for Q3-2007 increased 42% to Rs. 910 crore (US$ 206 million) from Rs. 640 crore (US$ 145 million) for Q3-2006.
• Net interest income increased 32% to Rs. 1,709 crore (US$ 386 million) for Q3-2007 from Rs. 1,296 crore (US$ 293 million) for Q3-2006.
• Fee income increased 53% to Rs. 1,345 crore (US$ 304 million) for Q3-2007 from Rs. 881 crore (US$ 199 million) for Q3-2006
• Retail assets increased 50% to Rs. 117,914 crore (US$ 26.6 billion) at December 31, 2006 from Rs. 78,495 crore (US$ 17.7 billion) at December 31, 2005
• Deposits increased 47% to Rs. 196,893 crore (US$ 44.5 billion) at December 31, 2006 from Rs. 133,881 crore (US$ 30.3 billion) at December 31, 2005.

More Details on ICICI Bank's results

Pfizer Net Zooms 50%

• Pfizer has declared its fourth quarter results. Its fourth quarter net profit stood at Rs 106.33 crore against Rs 70.73 crore in corresponding quarter previous year.
• Its Q4 total income was up at Rs 726.26 crore as compared with Rs 644.09 crore YoY.
  

Chennai Petro Net up 14%, Declares Dividend

• Chennai Petro has posted a 14.42% increase in net profit to Rs 243.50 million for the quarter ended Dec 31, 2006, whereas the same was at Rs 212.80 million for the quarter ended Dec 31, 2005.
• The Comapny has declared a dividend of 120% for the year 2005-06. This includes the 30% interim dividend paid in February, 2006.

ING Vysya Net zooms 294%

• The company has posted net profit of Rs 143.30 million for the quarter ended Dec 31, 2006 as compared to Rs 48.60 million for the corresponding quarter, last year.
• Total income has increased by 9.94% to Rs 3846.70 million for the quarter ended Dec 31, 2006 from Rs 3498.90 million for the quarter ended Dec 31, 2005.

Bharat Forge Net up 23%

• Third quarter net profit stood at Rs 76.95 crore versus Rs 62.69 crore in corresponding quarter previous year.
• Q3 total income total income was up at Rs 1037.09 crore as compared with Rs 956.67 crore, YoY.

Havell's India Net up 62%

• Net profit increased to Rs. 258 million as compared with a profit of Rs. 158.9 million in the corresponding quarter of the previous year.
• Net sales for the quarter jumped 72.04% to Rs. 3,909 million compared with Rs 2,272.1 million, a year ago.

GNFC disappoints, Net Down 23%

• Net profit at Rs 521.90 million for the quarter ended Dec 31, 2006 as compared toRs 675.90 million for the quarter ended Dec 31, 2005.
• The profit has been impacted by an unplanned shutdown of ammonia plant for 36 days and a 30 days shut-down for other major plants. The plants were recommissioned during the quarter

Sobha Developers Net up 49%

• Q3 Net Profit was 45.7 Croroes as compared to 30.6 crores in corresponding quarter last year.
• Net Sales at 298 Crores saw a growth of 77% as compared to 168 Crores in Q3 of last year.
• Q3 EPS stood at Rs. 7.13. EPS for Nine Months ending 31st december stood at 15.49.

Radio Mirchi Q3 Net up 14%

• Total income grew by 30.6% to Rs. 48.41 crores compared to Rs. 37.07 crores for the quarter ended December 31, 2005.
• The Company’s earnings before interest, depreciation, tax and
  amortization (EBITDA) grew 20.8% percent to Rs. 17.65 crores and net profit
  stood at Rs. 12.40 crores, up 13.9% YoY. On a like basis (7 Phase I stations only),
  EBITDA for Q3FY07 stood at Rs. 15.11 crores, up 3.4% YoY.
• The new stations namely Bangalore, Hyderabad and Jaipur recorded EBITDA
  margin of 28.2% for the quarter.

Coming up on this Blog....

How to Invest for Tax Savings ?