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Friday, April 25, 2008

Results: FM-Goetze, HCC, Brigade, Andhra Bank, Central Bank

Automotive components maker Federal-Mogul Goetze (India) reported a marginal 2.97% increase in net profit to Rs 44.02 million for the first quarter ended March 2008, as against Rs 42.75 million in the
year ago period.

Net sales rose 18.93% to Rs 1,781.4 million, as against Rs 1,497.84
million in the quarter ended March 2007.

Total income grew 18.75% to Rs 1,868.09 million for the quarter ended
March 2008.

Federal-Mogul Goetze is a manufacturer of pistons, piston rings,
sintered parts and cylinder liners, having applications in the
automobile sector.
 
 
Hindustan Construction Company Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a net profit after tax of Rs 108.77 crore for
the year ended March 31, 2008 as compared to Rs 79.28 crore for the
year ended March 31, 2007. Total Income has increased from Rs 2401.88
crore for the year ended March 31, 2007 to Rs 3120.75 crore for the
year ended March 31, 2008.

The Consolidated results are as follows:

The Group has posted a net surplus after tax of Rs 88.92 crore for the
year ended March 31, 2008 as compared to Rs 75.43 crore for the year
ended March 31, 2007. Total Income has increased from Rs 2321.83 crore
for the year ended March 31, 2007 to Rs 3034.73 crore for the year
ended March 31, 2008.
 
 
Brigade Enterprises, one of the major diversified real estate
developers in Bangalore announced the company has earned Rs 209.45
million as consolidated net profit on the total income of Rs 1,512.66
million in the quarter ended Mar. 31, 2008.

For the financial year 2008, the group posted a 39.72% rise in
consolidated net profit over fiscal 2007 to Rs 1,020.25 million.
Consolidated total income in the year climbed 26.30% over last year to
Rs 5,076.78 million.

The board of directors has recommended a dividend of 20% i.e. Rs 2 a
share on the paid-up capital of the company for the year ended March
2008.
 
Andhra Bank today posted a 10.4% drop in its fourth quarter net profit
at Rs 124.25 crore as against Rs 138.7 crore in January-March 2007 due
to sharp rise in interest costs.

According to a release issued by the bank to the BSE today, the total
income for the January-March 2008 quarter rose by 22.03% to Rs 1,352
crore. The interest income moved up to Rs 1,169.22 crore from Rs
969.99 crore a year ago.

The interest expenditure shot up by 41% to Rs 826.3 crore from Rs 582
crore. The net interest income for the Q4FY08 was down at Rs 343 crore
from Rs 387.9 crore in same period of 2006-07.

Central Bank of India has posted a 14.8 per cent drop in its fourth quarter net profit due to sharp rise in interest costs and establishment expenses.

The net profit for January-March 2008 dipped to Rs 127.20 crore from
Rs 149.13 crore a year ago. Its net interest income dipped by 25.22
per cent to Rs 538.28 crore from Rs 719.84 crore.

Consequently, its net interest margin nosedived to 2.19 per cent in Q4
from 3.61 per cent in the corresponding period a year ago.

The bank's board has recommended a 20 per cent dividend for 2007-08,
same as was announced for 2006-07.

 


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