| Anil Dhirubhai Ambani Group company Reliance Capital today said its consolidated net profit almost remained flat for the quarter ended March 31 at Rs 306 crore (Rs 303.94 crore in the year-ago quarter). Consolidated total income, however, more than doubled to Rs 883.86 crore from Rs 413.82 crore. |
| The company said its standalone net profit during the period rose by 9.23 per cent to Rs 311.95 crore from Rs 285.59 crore in the same quarter last year. |
| Total income grew by 26.38 per cent from Rs 322.33 crore to Rs 407.37 crore, the company said. As a new initiative, Reliance Capital has announced that it would be foraying into the retail consumer finance business during the current financial year. |
| Central Bank FY07 net up 94% |
| Central Bank of India has posted 94 per cent growth in its net profit at Rs 498 crore for the year ended March 31 as against Rs 257 crore in 2005-06. The bank's deposits rose by 24.5 per cent to Rs 82,776 crore from Rs 66,483 crore in the previous year. |
| Gross advances for the year rose to Rs 53,489 crore from Rs 39,195 crore in the previous year. |
| Oudh Sugar net loss at Rs 41.25 lakh |
| The KK Birla group company, Oudh Sugar Mills, has registered a net loss of Rs 41.25 lakh for the third quarter ended March 31, 2007. It made a net profit of Rs 19.73 crore in the comparable previous quarter. |
| The company has attributed its losses to lower margins due to a sharp increase in cane prices and record sugar production, further aggravated by the government ban on exports. Turnover was down 26.02 per cent to Rs 101.03 crore during the same period. |
| However, the company expects the lifting of ban on exports to move some of the surplus sugar out of the country. The company's policy of concentrating on co-products such as ethanol and cogeneration of power is expected to stabilise operations. |
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