SKS Micro posts Rs 2.7cr profit

SKS Microfinance, India's only listed micro lender, said it made Rs 2.70 crore net profit for the fourth quarter ended March 31, 2012. The company had posted a net loss of Rs 329 crore in the year-ago period. Total income from operations grew by 44 per cent to Rs 95 crore during the January-March, 2013 quarter from Rs 66 crore in the same quarter of 2011-12, SKS said in a statement. For the full year ended March 31, 2013, the company said it has narrowed its net loss to Rs 297 crore from Rs 1,361 crore in the previous fiscal. Total income for 2012-13 was, however, down by nearly 24 per cent to Rs 332 crore from Rs 436 crore during 2011-12, the statement said.A SKS, which had to make Rs 1,350 crore payment as provisioning towards bad loans of Andhra Pradesh for some quarters in the past, reported profit of A Rs 1.2 crore in the previous quarter (October-December, 2012).

HDFC Q4 net rises over 17% New Delhi: Mortgage major HDFC said consolidated net profit increased by 17.2 per cent to Rs 2,083.12 crore for the quarter ended March 31, 2013. Its consolidated net profit during the same quarter (January-March) a year ago stood at Rs 1,776.74 crore. Total income during the last quarter of 2012-13 increased to Rs 11,042.88 crore from Rs 9,278.11 crore in the same period of the previous fiscal, it said in a filing. For the full fiscal ended March 31, 2013 the company's consolidated net profit stood at Rs 6,639.72 crore, up from Rs 5,462.51 crore. Total income during the fiscal increased to Rs 35,986.93 crore from Rs 30,302.86 crore. On standalone basis, net profit during January-March quarter of 2012-13 stood at Rs 1,555.21 crore, up from Rs 1,326.14 crore, while total income stood at Rs 5,677.71 crore over Rs 4,891.03 crore a year earlier. HDFC has declared dividend of A Rs 12.50 per share.

Corporation Bank Q4 net up 1.2% New Delhi: Corporation Bank reported a marginal increase of 1.2 per cent in its net profit at Rs 355.53 crore for the fourth quarter ended March 31, of last fiscal.A The bank had reported net profit of Rs 351.26 crore during the corresponding period (January-March) of 2011-12. Total income of the bank in the fourth quarter of 2012-13 rose to Rs 4,635.49 crore, up from Rs 4,009.17 crore in the corresponding period a year ago, it said in a filing. However, for the entire fiscal 2012-13, the net profit of the bank fell to Rs 1,443.24 crore from Rs 1,518.38 crore a year earlier. Total income of the bank during FY13 stood at Rs 16,954.01 crore, up from Rs 14,524.55 crore in the previous fiscal.

Lupin Q4 surges to Rs 408 cr New Delhi: Drug major Lupin Ltd posted nearly three-fold increase in its consolidated net profit at Rs 408.1 crore for the fourth quarter ended March 31, 2013. The Mumbai-based firm had posted a net profit of Rs 155.6 crore in the same period of previous fiscal. Net sales of the company rose to Rs 2,537.4 crore for the January-March quarter, compared to Rs 1,883.2 crore in the same period of previous fiscal, Lupin Ltd said in a statement. For the year ended March 31, 2013, the company posted a net profit of Rs 1,314.2 crore, compared to Rs 867.6 crore in the 2011-12 fiscal.