AB Nuvo posts net loss

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New Delhi, Mumbai, Oct 24: fiscal, Bharat Electronics Ltd said in a filing to the Bombay Stock Exchange.

Total income rose to Rs 833.90 crore for the quarter under review from Rs 760.62 crore for the same quarter previous fiscal. For the six months ended September 30, the premier defence PSU posted a net profit of Rs 126.25 crore, against Rs 149.14 crore for the same period last year. Total income rose to 1179.82 crore for the reviewed period from Rs 1113.31 crore for the same period a year ago.

IDBI's net remains flat

State-run IDBI has reported a net profit of Rs 162 crore for the quarter ended September 30, 2008 from Rs 156 crore a year ago, thus registering a marginal growth of 4%. The bank's total business (deposits and advances) stood at Rs 1,66,564 crore from Rs.1,12,355 crore a year ago, showing a growth of 48%.

Deposits increased by a robust 59%, while advances grew by 40%. But, net NPAs also increased marginally to 1.28% from 1.11% a year ago. The bank's CAR currently stands at 11.57%. NII for the observed period stood at Rs 229 crore showing a growth of 53%. Fee based income showed a growth of 69%.

ABB net down 9% at Rs 105 cr

Engineering firm ABB said its net profit for the third quarter ended September 30, stood at Rs 104.79 crore, a 9.41 % decline over the same period a year ago.

The firm had a net profit of Rs 115.68 crore in the September quarter of FY08, ABB said in a filing to the Bombay Stock Exchange. Total income rose by 11.89% to Rs 1,559.02 crore in the quarter under review, from Rs 1,393.31 crore in the same quarter last year. The third quarter revenues stood at Rs 1,559 crore, a 12% increase over last year same quarter, it said.

Hexaware net plunges 57%

Software major Hexaware Technologies said its net profit for the quarter ended September 30 fell 57.22% at Rs 11.51 crore over the corresponding period a year ago.