The state-owned LIC Housing Finance has posted a 26.70 per cent increase in net profit for the third quarter ended December 31, 2008.

Its profit stood at Rs 134.33 crore in the reporting quarter as compared to Rs 106.02 crore posted in the corresponding quarter last year (December 2007).

The housing finance company has posted a growth of 39.41 per cent in its total income for the three month period, which stood at Rs 765.09 crore from Rs 548.80 crore the previous year.

A 67% increase in net profit for the third quarter ended December 2008 at Rs 6.93 crore as against Rs 4.15 crore posted in the corresponding quarter last year was today posted by United Breweries Holdings.

It should be noted however, that total income of the company in the quarter saw a decline by 11% to Rs 91.75 crore when compared to Rs 102.91 crore in the same quarter last year.

There has been a decrease by 8% at Rs 51 crore in the company's total expenditure in the quarter as compared to Rs 55.25 crore in the corresponding quarter last year.

It was today informed by Vedanta group firm Madras Aluminium Company that for the Q3 ended 31st December, the net loss of the company stood at Rs 7.13 crore, while it had a net profit of Rs 14.72 crore for the same quarter in the previous fiscal.

It was informed by the company that a proposal from the promoter, Twinstar Holdings has been received by its board, in which the former has offered to acquire the remaining 20 per cent stake in Malco, following which the shares of the firm would be delisted from the stock exchanges.

Sterlite Technologies Ltd, a part of Sterlite group, has declared the results for the three month period ended December 31, 2008.

The leading global provider of wire and cable solutions for the power and telecom industry has posted a growth of 19.13 per cent in net profit for the three month period, which stood at 314.50 million from Rs 264 million the previous year.

The company was greatly helped by cutting costs and excess inventory, sharp rise in order book plus new customers.

Infrastructure conglomerate Jaiprakash Associates Ltd (JAL) has announced the results for the three month period ended December 31, 2008.

The flagship of Jaypee Group has posted a growth of six per cent (6%) in profit after tax (PAT) for the three month period, which stood at Rs 165.51 crore from Rs 155.8 crore the previous year.

There was an increase by 44.49 per cent to Rs 1,447.12 crore from Rs 1,001.57 crore the previous year in the total inclone of the company for the quarter.

Federal Bank was immensely helped by the sharp rise in other income and lower interest income to approximately double its net profit for the third quarter ending December 31, 2009 to Rs 203.89 cr from Rs 102.92 cr the previous fiscal.

The net profit of the bank had a rise by 45.67% to Rs 386.32 crore for the nine month ended December 31.

There was an increase by 94% to Rs 164.81 cr from Rs 84.95 cr the previous year in the other income of the bank for the quarter while an increase by 35.11% was noted in the interest income.