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Wednesday, April 23, 2008

Results: Bajaj Hindusthan, Escorts, Indian Bank, Oriental Bank of Commerce

 
Bajaj Hindusthan Ltd has announced the following Unaudited results for
the quarter ended March 31, 2008:

The Company has posted a net profit of Rs 43.03 crore for the quarter
ended March 31, 2008 as compared to Rs 3.66 crore for the quarter
ended March 31, 2007. Total Income has decreased from Rs 527.76 crore
for the quarter ended March 31, 2007 to Rs 500.04 crore for the
quarter ended March 31, 2008


ESCORTS
 
Despite declining tractor sales, Escorts Ltd posted a 43.28 per cent
jump in its net profit to Rs 9.6 crore for the second quarter ended
March 31, 2008 as against Rs 6.7 crore in the same quarter last year.
Escorts recorded a 7.3 per cent decline in its net sales to Rs 531.4
crore for the quarter as compared to Rs 573.6 crore the the previous
fiscal.

"The increase in net profit has been due to operational efficiencies.
But sales have declined due to the overall industry volumes remaining
flat. On the top of it there has been inflation and pricing continued
to move progressively. This has affected tractors sales," said Rajan
Nanda, Chairman and Managing Director, Escorts Ltd.

Nanda attributed to the lower sales volume on the loan waiver. He said
that despite a good crop, the waiver had aroused confusion among the
farmers and many of the public sector banks had reduced lending.
 
 
 
Indian Bank has announced the following results for the quarter & year
ended March 31, 2008:

 The Audited results for the Quarter ended March 31, 2008:

The Bank has posted a net profit of Rs 241.67 crore for the quarter
ended March 31, 2008 as compared to Rs 235.30 crore for the quarter
ended March 31, 2007. Total Income has increased from Rs 1563.59 crore
for the quarter ended March 31, 2007 to Rs 1672.85 crore for the
quarter ended March 31, 2008.

The Audited results for the Year ended March 31, 2008:

The Bank has posted a net profit of Rs 1008.74 crore for the year
ended March 31, 2008 as compared to Rs 759.77 crore for the year ended
March 31, 2007. Total Income has increased from Rs 5017.86 crore for
the year ended March 31, 2007 to Rs 6218.67 crore for the year ended
March 31, 2008.

Oriental Bank of Commerce (OBC) has announced the following Audited
results for the quarter & year ended March 31, 2008:
The Audited results for the Quarter ended March 31, 2008:

The Bank has posted a net loss of Rs 99.44 crore for the quarter ended
March 31, 2008 as compared to profit of Rs 54.86 crore for the quarter
ended March 31, 2007. Total Income has increased from Rs 1577.29 crore
for the quarter ended March 31, 2007 to Rs 2071.01 crore for the
quarter ended March 31, 2008.

 The Audited results for the Year ended March 31, 2008:

The Bank has posted a net profit of Rs 353.22 crore for the year ended
March 31, 2008 as compared to Rs 580.81 crore for the year ended March
31, 2007. Total Income has increased from Rs 5652.91 crore for the
year ended March 31, 2007 to Rs 7454.84 crore for the year ended March
31, 2008.


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