Quarterly results

NALCO Q3 profit up two-fold

NEW DELHI: Aluminium major NALCO on Wednesday reported more than two-fold jump in net profit to Rs 118.94 crore for the quarter ended December 31, 2012, on the back of improved sales. The company had reported a net profit of Rs 51.22 crore for the corresponding period of FY12. Total income of the company increased by 16.67 per cent to

Rs 1,692.82 crore for the quarter ended December 31 as compared to Rs 1,450.85 core in the corresponding period of previous fiscal.

IOB Q3 net profit up 7.6%

new delhi: Public sector Indian Overseas Bank (IOB) on Wednesday reported a 7.60 per cent growth in its net profit at Rs 116.50 crore for the third quarter ended December 2012. The interest income of the bank rose 16 per cent to Rs 5,333.14 crore during the December quarter. It was Rs 4,604.26 crore in the same period a year ago. The net non-performing assets stood at 2.33 per cent of the total loans at the end of December quarter, higher than 1.23 per cent in the year-ago period.

Central Bank net soars 59%

Mumbai: State-run Central Bank of India posted a robust 59 per cent increase in net profit at Rs 180 crore in the December quarter on a jump in core income but provisions for bad assets continued to rise.

Dena Bank net up 10.6%

Mumbai: A Rs 24-crore income from asset sale helped Dena Bank report 10.6 per cent rise in net profit at Rs 206.44 crore in the October December quarter, as its bad loans increased and margins crimped.

Godrej Properties profit up 24%

Mumbai: Godrej Properties on Wednesday posted a 23.97 per cent rise in net profit for the quarter ended December 31, 2012 at Rs 35.48 crore, mainly on improved sales resulting from new projects despite a flat sentiment in overall real estate market.

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