State-run IDBI Bank on Friday has reported a 28.02 per cent growth in its net profit for the fourth quarter ended March 31, 2009. The lender’s net profit rose to Rs 3.13 crore, against Rs 2.45 crore in the March quarter of FY'08.

While, lender’s total income surged 41% to Rs 37.34 crore for January-March 2008 from Rs 26.47 crore in the corresponding period a year ago.

During the quarter, IDBI's interest income jumped 45 per cent to Rs 32.62 crore, while interest expenditure stood at Rs 27.80 crore, up 38 per cent over the same period last fiscal.

Diesel-engine manufacturer Kirloskar Oil Engines has registered 36% jump in its net profit for the fourth quarter ended March 31, 2009.

The company posted net profit worth Rs 49.05 crore against Rs 36.17 crore in the same quarter ended March, 2008.

However, the total operating income of the company during the quarter, stood at Rs 503.81 crore against Rs 616.61 crore in the previous fiscal.

Subhash Chandra promoted firm Zee News has registered 42.67 per cent drop in its consolidated net profit for the fourth quarter ended March 31

The company posted net profit worth Rs 8.76 crore against Rs 15.28 crore in the same quarter ended March, 2008.

However, the company’s has cloaked total income worth Rs 138.44 crore during the quarter under review, as against Rs 113.07 crore in the same quarter last fiscal.

For the year ended March 31, the company has posted a consolidated net profit of Rs 44.66 crore, up 20.47 per cent from Rs 37.07 crore in the same period previous fiscal.

Revenues declined by 23.9 % y-o-y to Rs 28362 crs in Q4 09. Decline in revenues is attributable to poor performance across segments. Revenue from Petrochemicals segment declined 31.1% y-o-y to Rs 9724 crs.

Refining segment registered decline in revenue of 24.6% y-o-y to Rs 21631 crs, while revenue from oil&gas segment declined by 11.1% y-o-y to Rs 736 crs.

NII for the quarter March 09 increased by 12.8% YOY and declined by 6.4% QOQ. NII for QOQ decreased on account of reduction in interest earned.

NII for year FY09 increased by 42.0%

Profit before provisioning increased by 44.3% YOY and 7.7% QOQ. Increase in profit was on account of increase in other income.

HDFC Bank reported PAT of 630.9 crores resulting in increase of 1.5% QOQ and 33.9% YOY.

PAT for the year. FY09 increased by 41.2%. EPS for Q409 stood at 14.8 resulting in an increase of 11.6% QOQ and 41.2% YOY

The Indian market finally breaks its three days losing streak, and settled the day with handsome gains.

On Thursday, the domestic benchmark Index opened the day marginally up, but suddenly it turned volatile tracking mixed cues from the markets all over the world.

However, after touching intraday low, the benchmark indices bounced back on good buying interest. After that, the market didn't turn back and continued to extend its gains tracking recovery in the Asian markets.