India's major public sector lender State Bank of India (SBI) has reported a 37% surge in its standalone net profit for the three month period ended December 31, 2008.
The bank has posted a net profit of Rs 2,478.42 crore as compared to Rs 1,808.64 crore for the same quarter year-ago (Dec 2007).
In a filing to the Bombay Stock Exchange, SBI informed that its total income for the quarter ended December 31, 2008 zoomed to Rs 21,255.90 crore as compared to Rs
15,364 crore during the corresponding quarter of the last year.
Financial Technologies, India has announced its financial results for third quarter on Sunday. The firm reported 53 per cent increase in net profit for the third quarter of current financial year. Its PAT stood at Rs 43.2 crore in the reporting quarter as compared to Rs 28.3 crore in the same period last year.
Leading manufacturer of personal and household products, Godrej Consumer Products had reported a dip in its net profit growth 7.3 per cent to Rs 40 crore for the third quarter ended December 2008, from Rs 43 crore for the corresponding quarter in the previous year.
India's largest CDMA operator, Reliance Communications (RCOM) announced financial results for the third quarter ended December 31, 2008. The company reported marginal increase of 2.7 per cent in net profit during the period. 
Leading software exporter of country, HCL Technologies announced its quarterly results for the period ending December 3, 2008. It posted 12.1 per cent increase in net profit for the third quart of current financial year. 
In the midst of economic meltdown, chipmaker AMD had been making hard efforts competing with rival chipmakers. However nothing seems to be helping for AMD, which otherwise is the second largest chipmaker of the world and has gained significant market share in various markets across the world. 
