MRF Q4 net profit drops 15%
New Delhi: Tyre major MRF on Thursday posted 14.91% decline in its standalone net profit at Rs 293.83 crore for the fourth quarter of 2018-19 fiscal. The company had posted a net profit of Rs 345.32 crore in the year-ago period. Revenue from operations, however, rose to Rs 4,073.45 crore during the fourth quarter as compared with Rs 3,835.50 crore in the same period of 2017-18, MRF said in a regulatory filing. For the 2018-19 fiscal, the company reported a net profit of Rs 1,096.87 crore, up marginally from Rs 1,092.28 crore in 2017-18. Revenue from operations rose to Rs 15,837 crore in 2018-19 fiscal as compared with Rs 15,181.05 crore in 2017-18. The company’s board recommended a final dividend of Rs 54 per share, which along with two interim dividends of Rs 3 each already paid, works out to Rs 60 per share for the year ended March, 31 2019.
Bandhan Bank Q4 net rises 68%
Kolkata: Net profit of private sector Bandhan Bank during the last quarter of FY18-19 increased 68% at Rs 650.87 crore as compared to Rs 388 crore the same period previous fiscal. Net profit for the whole financial year 2018-19 increased 45% y-o-y at Rs 1951.50 crore as against Rs 1346 crore in the similar corresponding period, the bank said in a statement on Thursday. Net interest margin (NIM) of the bank in the current quarter stood at 10.69% against 9.32% in the corresponding period of the previous year. Total advances of the bank grew 38.46% at Rs 44,776 crore as on March 31, 2019, as against Rs 32,339 crore as on March 31, 2018. Total deposits increased by 27.64% at Rs 43,232 crore as on March 31, 2019, compared to Rs 33,869 crore as on March 31, 2018, the statement added. Gross NPAs as on March 31, 2019 stood at 2.04% against 2.41% as on December 31, 2018. CASA ratio of the bank at 40.75% of total deposits, compared to 34.32% in the corresponding period last year. Operating profit for the quarter increased by 63.92% at Rs 1,154 crore against Rs 704 crore in the corresponding quarter of the previous year.
Dabur net profit falls 6.4%
New Delhi: Homegrown FMCG major Dabur India Ltd on Thursday reported a fall of 6.46% in consolidated net profit to Rs 371.49 crore for the fourth quarter ended March 2019. The company had posted a net profit of Rs 397.18 crore in the January-March quarter a year ago, Dabur India said in a BSE filing. Its total income stood at Rs 2,194.25 crore, a rise of 4.18% as compared with Rs 2,106.15 crore of the year-ago quarter. Dabur’s total expense was Rs 1,729.59 crore as against Rs 1,603.56 crore a year ago, up 7.85%. For the entire financial year 2018-19, Dabur’s profit stood at Rs 1,446.25 crore as against Rs 1,357.74 crore in the previous year.
Radico Khaitan Q4 net profit up 14% to Rs 39 crORE
New Delhi: Liquor firm Radico Khaitan ON Thursday reported 14.24% increase in its standalone net profit to Rs 39.05 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 34.18 crore during the January-March a year ago, Radico Khaitan said in a regulatory filing. Its total income during the quarter under review stood at Rs 1,981.85 crore, up 18.51% against Rs 1,672.30 crore in the corresponding quarter previous fiscal. Radico Khaitan’s total expenses surged 18.78% to Rs 1,925.19 crore compared to Rs 1,620.74 crore. For the entire 2018-19, Radico Khaitan’s profit stood at Rs 188.06 crore, up 52.33%, as against Rs 123.45 crore in the previous year. Total income in the last fiscal stood at Rs 8,071.29 crore, up 28.54%, from Rs 6,279.03 crore in 2017-18.
Orient Paper Q4 net profit surges over two-fold to Rs 32.42 crORE
New Delhi: CK Birka group firm Orient Paper on Thursday reported over two-fold jump in its standalone net profit to Rs 32.42 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 15.78 crore during the January-March a year ago, Orient Paper said in a regulatory filing.