Result: iGate Q4 net jumps 110%

iGate Q4 net jumps 110%

New York: NASDAQ-listed iGate has said its net income more than doubled to $32.2 million in the October-December quarter of 2012. This is against net income of $15.3 million in the year-ago period.

"It is not a great quarter from revenue perspective but a stellar one from net income perspective. Our corporate restructuring programme has helped us immensely in increasing our net income," CEO Phaneesh Murthy said.

Essar Ports Q3 net doubles

Mumbai: Essar Ports' consolidated net profit more than doubled to Rs 90.42 crore in the third quarter of the current fiscal on higher income. The company had clocked Rs 44.98 crore net profit during the October-December quarter of the last fiscal, it said in a BSE filing. Income from operations grew to Rs 365.97 crore, from Rs 271.98 crore during the October-December quarter of the last fiscal.

Federal Bank Q3 net up 4%

New Delhi; Federal Bank has reported 4.4 per cent growth in net profit to Rs 210.78 crore for the third quarter ended December 31, 2012. The bank had posted a net profit of Rs 201.87 crore for the corresponding quarter last fiscal, Federal Bank said in a filing to the BSE. Total income of the lender rose to Rs 1,725.62 crore during the October-December quarter from Rs 1,604.76 crore in the same period last year.

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