Infrastructure Development Finance Company (IDFC) on Monday reported a 25.72% rise in consolidated net profit at Rs 272.44 for the first quarter ended June 30, 2009. The firm logged a net profit of Rs 216.71 crore in the June quarter of FY’09, IDFC said in a filing to the Bombay Stock Exchange (BSE). Total income rose 14.26% to Rs 994.61 crore for the June quarter, from Rs 870.51 crore in the corresponding period a year-ago. On a standalone basis, IDFC posted a net profit of Rs 243.50 crore in the first quarter of current fiscal, up 19% from Rs 204.73 crore in the same period last fiscal.
The standalone total income rose 8.18% to Rs 877.89 crore during the June quarter, from Rs 811.53 crore in the corresponding quarter last fiscal.
The board has approved the appointment of G C Chaturvedi as the government?s nominee director on the board of the company, effective from Tuesday.
S Kumars profit falls
Textile company S Kumars Nationwide on Monday said its net profit stood at Rs 60.09 crore for the year ended March 31, 2009, while it had logged a net profit of Rs 178.13 crore in the same period previous fiscal. ?The financial results of the company for the year ended March 31, 2009 are not comparable with the results for the year ended March 31, 2008 on account of the subsidiarisation of Reid & Taylor with effect from January 1, 2008,? S Kumars Nationwide said in a filing to the Bombay Stock Exchange (BSE). Net sales stood at Rs 1,550.23 crore in the latest quarter.
Apollo Hospitals net up
Apollo Hospitals Enterprise Ltd (AHEL) said on Monday that its net profit for the first quarter ended June 30, 2009 has grown to Rs 44.80 crore as compared to Rs 29.27 crore during the same quarter last fiscal.
BASF India profit up 12%
Chemical producer BASF India reported a rise of 12% in its net profit for the first quarter ended June 30, to Rs 41.05 crore, over the corresponding period a year ago. The company had a net profit of Rs 36.65 crore during the June quarter a year earlier.
Merck Q2 net down 34%
Merck Ltd on Monday reported a net profit of Rs 11.88 crore for quarter ended on June 30, 2009, a fall of 34% over the same period last year. The company had reported a net profit of Rs 18 crore in the quarter ended June 30, 2008, Merck said in a statement.
