The state-run Power Finance Corporation has reported an 87% increase in its profit after tax at Rs 555 crore for the quarter ended June as against Rs 296 crore recorded during the same quarter last year. Income from operations rose 31% to Rs 1,892 crore as against Rs 1,440 crore during the year-ago period. While ‘loan assets’ increased 21%, from Rs 54,703 crore to Rs 66,205 crore, net worth is up 26%, from Rs 8,959 crore to Rs 11,314 crore, during this period. Sanctions were up 24%, from Rs 15,110 crore to Rs 18,782 crore. Earning per share (EPS) has also gone up 87%, from Rs 2.58 to Rs 4.83.

Bajaj Auto Finance Q1 net jumps 5 fold

Bajaj Auto Finance on Wednesday reported a five-fold jump in its net profit to Rs 15.21 crore during the quarter ended June 30. The company had clocked a net of Rs 3.01 crore during the June quarter a year earlier, it said in a filing to the BSE. This fuelled a surge of 20% in its share prices on the BSE.

The total income of the auto financing firm rose to Rs 189.56 crore during the quarter from Rs 127.88 crore in the year-ago period.

CMC net at Rs 26 cr

CMC, an IT solutions provider, has posted revenues of Rs 173 crore for the quarter ended June 30, 2009, compared to Rs 257 crore during the corresponding quarter last year. The net profit was at Rs 26 crore during the quarter under review as compared to Rs 23 crore during the corresponding quarter last year. Earnings per share of stood at Rs 17.66 compared to Rs 15.20 during the corresponding quarter last year. Shares of CMC closed at Rs 827.30 on Wednesday on the BSE, up by 2.38%.

IL&FS net down 2.7%

Fund management company IL&FS Investment Managers on Wednesday reported a 2.7% decline in its net profit at Rs 9.25 crore for the quarter ended June. It had reported a net profit of Rs 9.51 crore for the year-ago period, the company said in a filing to the BSE.

Income from operations declined to Rs 21.55 crore in the quarter against Rs 22.77 crore in the same quarter last year. IL&FS said it had received approval from its board for a stock split in the ratio of 1:5.

Infotech Enterprises net up

Infotech Enterprises on Wednesday said its net profit stood at Rs 46.26 crore for the quarter ended June 30, 2009. The company had a net profit of Rs 24.56 crore in the same quarter ended June 2008, it said in a filing to the BSE.