Hindustan Unilever (HUL) witnessed 34 percent rise in its net profit. The FMCG major made profit of Rs 546.61 crore for the quarter ended September 30. Its profit was Rs 408.06 crore during the corresponding quarter of last year. The company managed to increase its net sales by 20 percent as compared to the same quarter of last year. Net sales stood at Rs 4,027.87 despite global financial crisis and volatility problems in the finance system.
Bank of India has shown a 80 percent increase in net profit during the period July-September with both interest and Non-interest incomes going up. The bank has registered a profit of Rs 7.63 billion as against Rs 4.25 billion last year. Also the total income has shown a rise from Rs 36.03 billion last year to Rs 46.12 billion. While the net interest income rose to Rs 13.63 billion against Rs 9.86 billion a year back, whereby improving the net interest margin from 3.04 percent a year back to 3.2 percent now.