Nicholas Piramal Q4 net at Rs 132 crore, Marico up 50%

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crore in revenues

FMCG major Marico Ltd on Thursday reported a 50% increase in its net profit at Rs 169 core for the year ended March 31 as compared to Rs 113 crore during the previous fiscal. Marico turned in a revenue of Rs 1907 crore during FY 08.

Announcing the news, Milind Sarwate, chief-HR and Strategy said:" At 22%, it was another year of healthy growth over the previous year. This comprised 17% organic growth accompanied by 5 % inorganic growth. In fact, we have posted consistent growth in the last 34 quarters."The company declared a third interim dividend of 37 % on its equity share capital of Rs 60.9 crore.

Central Bank net falls 14.7% at Rs 127.20 cr

Central Bank of India has registered a 14.70% fall in its net profit at Rs 127.20 crore for the quarter ended March 31, 2008 as against Rs 149.13 crore profit earned during the corresponding period last year.

For the quarter, on year-on-year basis, operating profit declined by 4.51% at Rs 476.71 crore, net interest income reduced by 25.22% at Rs 538. 27 crore and net interest margin of the bank went down to 2.19 from 3.61 during the last quarter of the fiscal year 2006-07.

As on March 31, 2008, the net non-performing assets ratio of the bank was 1.45% and the capital adequacy ratio was 10.42%. CASA deposits increased by 15.05% to Rs 39,867 crore as on March 31, 2008 as against Rs 34,652 crore as on March 31, 2007. The net profit of the bank registered 10.47% growth at Rs 550.16 crore as on fiscal year ended March 31, 2008 as against Rs 498.01 crore net profit recorded in the financial year 2006-07.