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Wednesday, 21 April 2010 09:14
Great Offshore Q4 net up 2.38 pc to Rs 73.05 cr
Integrated offshore oilfield services provider Great Offshore on Tuesday reported a marginal growth of 2.38 per cent in net profit to Rs 73.05 crore for the fourth quarter ended March, 2010.
The company had a net profit of Rs 71.35 crore in the same period of the previous fiscal.
Total income of the company rose to Rs 278.52 crore for the March quarter, as compared to Rs 269.65 crore for the same period of the corresponding fiscal, Great Offshore said in a filing to the Bombay Stock Exchange (BSE).
For the year ended March, 2010, the company posted a net profit of Rs 176.18 crore, compared to Rs 211.10 crore in the last fiscal.
Shares of Great Offshore today closed at Rs 418.55 on the BSE, up 1.42 per cent from its previous close.
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Share Markets
Wednesday, 21 April 2010 09:13
Axis Bank to continue to outperform peers in FY11
India's third-largest private bank Axis Bank has again demonstrated its ability to grow at a faster pace than the industry, something which its investors have now become accustomed to.
During the fourth quarter, the bank reported a growth of 28% in its loan book, significantly higher than the rate of 17% clocked by the industry, after loan growth had slipped to 12.5% in the quarter-to-December ’09.
Throughout the first nine months of FY10, the bank’s loan growth kept on sliding. There was a sharp turnaround in the March ’10 quarter, as net accretion to the bank’s loan book was Rs 19,573 crore, compared to just Rs 3,726 crore in the previous quarter. The unprecedented growth was on account of a higher pick-up in demand for loans and one-off factors such as an increase in limit utilisation by a few corporates.
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Share Markets
Wednesday, 21 April 2010 09:12
GTL Q4 net rises 27% to Rs 44 cr
Network services provider GTL has posted a 27% growth in quarterly net profit in the March quarter, helped by a robust growth in revenues from international operations and forex gain. It reported Rs 44-crore net profit in the March quarter. Revenues, during the period, grew by 10% to Rs 625 crore.
The company’s board has proposed a dividend of Rs 3 per share for FY10.
GTL, whose clients include Ericsson, Nokia Siemens Networks and Alcatel Lucent, earned Rs 214-crore revenues from international sales. This is up 34% over the same quarter of FY09. Its income from other operations due to forex gains improved 170% to Rs 28 crore, according to a company statement.
For FY10, GTL’s net profit was up 50% to Rs 206 crore. Consolidated revenues, including those from the Middle East, Africa, Europe and North America, were Rs 2,237 crore, a growth of 15% over FY09. The company has presence in 46 countries. It has an orderbook of Rs 4,223 crore, of which projects worth Rs 3,378 crore will be executed in India.
The total manpower of GTL increased to 7,066 as on March 31, 2010, against 5,942 in the corresponding year-ago period.
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Share Markets