NIIT Technologies has said that its net profit has risen 22 per cent to Rs. 56.6 crore during the fourth quarter of the financial year 2012-2013 as the company recorded growth in all sectors.

Kolkata, May 18 : Public sector lender State Bank of India (SBI) chairman Pratip Chaudhuri Saturday said the lender's margins in overseas business were under pressure.

However, non performing asset (NPA) levels of the country's largest lender in the fourth quarter last fiscal remained low compared to third quarter.

New Delhi, May 17 : Conglomerate ITC's fourth quarter (January to March) 2012-13 net jumped by 19.4 percent.

It posted a net profit of Rs. 1,927.98 crore for the quarter ended March 31, 2013 as compared to Rs. 1,614.36 crore for the quarter ended March 31, 2012.

Total Income has increased from Rs. 7,145.44 crore for the quarter ended March 31, 2012 to Rs. 8,511.38 crore for the quarter ended March 31, 2013. (IANS)

Adani Ports and SEZ has said that it has recorded a growth of an impressive 197 per cent in its consolidated net profit at Rs 710.31 crore during the fourth quarter of the year till March 31, 2013.

The company had recorded a net profit of Rs. 239.46 crore during the fourth quarter of the previous financial year 2011-2012. The company said that the rise was mainly due to a one-time gain of Rs. 420 crore from the disinvestment of its holding in Australia's Abbot Point terminal to promoters.

Vedanta Resources has said that it has recorded an increase of 21 per cent in its core profits at US$ 4.888 billion for the financial year 20012-2013.

The India focused natural resources giant had recorded a. earnings before interest, taxes, depreciation and amortisation of US$ 4.026 billion in the financial year 2011-12. The company said that its revenues rose 7 per cent to US£ 14.989 billion in the financial year 2012-2013 compared to US$ 14.005 billion recorded in the previous financial year.

Mumbai, May 16 : Reliance Capital Thursday said its net profit surged by 77 percent to Rs. 812 crore ($149 million) in the financial year ended March 31, 2013.

The company, a part of Anil Ambani-led Reliance Group, said its consolidated total income jumped by 13 percent to Rs. 7,519 crore ($1.4 billion), largely due to a sharp increase in "topline of general insurance, commercial finance and asset management businesses, and sale of stake in Reliance Capital Asset Management."

Reliance Capital's earning per share increased by 77 percent to Rs. 33.1.

New Delhi, May 16 : Two- and three-wheeler manufacturer Bajaj Auto Thursday reported a marginal increase of one percent in net profit for 2012-13.

The net profit stood at Rs. 3,044 crore from Rs. 3,004 crore in the fiscal year 2012-13.

The company reported a three percent growth in turnover for the period under review at Rs. 20,793 crore from Rs. 20,137 crore in the first quarter of last fiscal.

The company's total sales in 2012-13 declined by three percent at 4,237,162 units from 4,349,560 the 2011-12.

Eicher Motors recorded a fall of 10.6 per cent in its net profit to Rs. 97.94 crore during the first quarter of the year from January to March, 2013.

The company said that its net sales recorded a growth of 3.2 per cent to Rs. 1708.60 crore during the first quarter compared to the same quarter of the previous year. The company announced the results for the quarter after market hours on Monday, 13 May 2013. It said that total sales fell 12.3 per cent to 12,529 units during the quarter.

Sun Pharma Advanced Research Company (SPARC) has recorded a net profit of Rs. 44 crore during the fourth quarter from January to March, 2013 mainly due to a strong growth in operational income.

The company has said that the company a loss of Rs. 21.6 crore in the previous year. The company has said that its income from operations rose to Rs. 72 crore during the quarter compared to Rs. 4.22 crore during the same quarter of the previous year. The company’s TTM EPS was recorded at Rs -0.41 per share as of March, 2013.

Amara Raja Batteries (ARB) has announced a year-on-year rise of more than 33 per cent in net profit for the year ended 31 March 2013, irrespective of supply restraints and slowdown in the automobile industry.

ARB, which produces lead acid batteries for automotive as well as industrial applications, said its net profit increased 33.28 per cent to Rs 286.70 crore, while net sales grew 25.24 per cent to Rs 2961.40 crore in the FY2012-13, over the FY2011-12.

Pharmaceuticals giant Dr Reddy's Laboratories Ltd on Tuesday reported an impressive increase of 66.6 per cent in its quarterly net profit, thanks to strong sales in North America and emerging markets.

Dr Reddy's said its net profit jumped to Rs 571.01 crore in the quarter ended March 31, 2013, from Rs 342.70 crore in the corresponding period of the previous year.

India's leading gold loan company, Muthoot Finance Ltd has recorded a fall of 6.4 per cent during the quarter from January to March, 2013 compared to the same quarter of the previous year.

The company said that its net profit fell to Rs. 220 crore for the quarter mainly due to higher allocations for provisioning. Muthoot Finance also said in a statement that its income from operations recorded an increase of 9 per cent at Rs. 1,411 crore during the quarter from January to March, 2013 compared to the same quarter of the previous year.

Reliance Infrastructure has said on Tuesday that its net profit has risen by an impressive 76 per cent to Rs. 726.12 crore during the quarter till March 31, 2013.

The company had recorded a net profit of Rs. 411.46 crore during the same period of the previous financial year, it said in a statement. The company's total operating income stood at Rs 6,187 crore during the quarter from January to March 2013 compared to Rs 7,135 crore in the same quarter of the previous financial year.

New Delhi, May 13 : Bank of Baroda's net profit for the quarter ending March 31 dipped to 32.21 percent, the public sector bank told the Bombay Stock Exchange.

It has posted a net profit of Rs. 1,028.85 crore for the quarter ended March 31, 2013, as compared to Rs. 1,518.18 crore for the quarter ended March 31, 2012.

Total income has increased from Rs. 9,016.31 crore for the quarter ended March 31, 2012, to Rs. 10,262.50 crore for the quarter ended March 31, 2013.

Ashok Leyland, a leading commercial vehicle maker in India, has recorded a fall of 42 per cent in net profits to Rs. 150.03 crore during the first quarter of the year.

The company had recorded a net profit of Rs. 258.73 crore during the same period of the previous year. The total revenues were recorded at Rs. 3,728 crore and the total sales stood at 23,602 units during the January to March, 2013 period. Experts have said that the company faced lower earnings due to low operating margins, low utilization levels and high discounts in the country.

Indian broadcasting giant, NDTV Group has recorded a net profit of Rs. 2 crore during the financial year 2012-2013 after reporting losses in the previous two financial years.

New Delhi, May 10 : Reliance Communications Friday said its net profit surged almost 300 percent to Rs. 624 crore in fiscal 2012-13.

The company posted a net profit of Rs. 624 crore for the year ended March 31, 2013 as compared to Rs. 156 crore for the year ended March 31, 2012.

Total income increased from Rs. 11,863 crore for the year ended March 31, 2012 to Rs. 12,820 crore for the year ended March 31, 2013.

Reliance Communications share price rose 0.55 percent to Rs. 110.30 at the Bombay Stock Exchange.(IANS)

Japanese automaker, Nissan has recorded an increase of 2.3 per cent in its global revenues to 9.6 trillion during the year.

The company also said that its total net income rose marginally by 0.3 per cent to 342.45 billion yen or about $3.4 billion during the year. Nissan, which is partly owned by France's Renault, has said that it is expecting its net profit to rise 23 per cent to 420 billion yen during the current financial year.

Electronics giant, Panasonic has said on Friday that it has recorded a net loss of 754.25 billion yen or $7.5 billion during the financial year till March, 2013.

The company had recorded a disappointing net loss of 772.17 billion yen in the previous financial year. It is the one of the worst financial performance recorded by the Japanese company ever.

Panasonic said that the electronics industry in Japan is facing a slowdown due to low demand for flat-panel TVs.

World's largest steel company, ArcelorMittal has said on Friday that it has recorded a loss of $345 million during the first quarter of the year from January to March, 2013.

The company believes that the earnings fell from the $92 million profit recorded in the same period of the previous year as demand for steel remained at low levels due to the effects of the global economic slowdown. The company also said that its sales fell 13 per cent to $19.8 billion during the first quarter of the year compared to the January to March quarter of 2012.