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State-run Engineers India Ltd (EIL) has announced its financial results for the first quarter of the fiscal year 2010-11. The company has posted a net profit of Rs 114.56 crore for the quarter that ended in 30th June, 2010.

The net profit was Rs 94.22 crore for the corresponding quarter in the previous fiscal year. Engineers India Ltd has also informed that it is coming up with on public offer in this month itself which will be opened on 27th of July.

Engineers India Ltd (EIL) has informed this in a filing at the Bombay Stock Exchange. 

State-run Rural Electrification Corporation has declared its first quarter financial results for the fiscal year 2010-11. As per the report it has managed to register a significant net profit rise in the quarter under review.

Rural Electrification Corporation has posted a profit after tax of Rs 587.36 crore for the quarter that ended in 30th June, 2010.

The net profit was reported to be Rs 471.82 crore during the same period of time in the previous year. 

Leading State-run lender, UCO Bank has produced a remarkable performance in the previous year and hoping to continue the same in the coming years as well.

In the shareholders meeting, Executive Director of the bank Mr. Ajai Kumar has informed that the bank is anticipating posting a net profit of 13.5 billion rupees in FY11.

Private-sector lender Development Credit Bank announced that it has posted a net loss of Rs 2.9 crore first quarter of the fiscal year 2010-11. The company has also informed that this time it has managed to reduce the loss figure to almost Rs 3 crore while last year the net loss was Rs 35.3 crore for the same period of time. 

According to a top official of the company, the ongoing business restructuring plan has done the trick for the firm and it has produced a better show this time.

Thrissur-based South Indian Bank (SIB) has declared its first quarter financial results for the fiscal year 2010-11.

The bank has registered a net profit of Rs 58.44 crore for the quarter that ended in 30th June, 2010. This net profit figure was Rs 60.11 crore in the corresponding quarter in the last fiscal. This has been informed by SIB in a filing at the Bombay Stock Exchange.  

There has been a marginal decline in the net profit figure for the bank in the quarter under review against its like period in previous fiscal.

B&Q holder Kingfisher has recorded a dip in the sales figures and swayed a caution warning attitude for consumer expenditure.

The likely sales, that which was not taken into account were the sales from new stores, dwindled by 4.4% in the last 10 weeks to 10 July in the UK and Ireland.

The plummet has mirrored lesser endorsements and limp demand for the big price tag items expressed by the company.

The overall group sales dwindled by 0.8% due to augmented earnings from global stores, especially in France.