Yes Bank, MRPL, Ajanta Pharma, Godrej Inds, Asian Paints results

Backed up strong credit offtake, Yes Bank has posted a 50.8 per cent rise in net profit for second quarter ended September at Rs 21.5 crore as against Rs 14.3 crore a year ago.

The total income for the reporting quarter rose by about 182 per cent to Rs 166.0 crore as compared to Rs 58.8 crore. The interest income from advances improved to Rs 92.57 crore from Rs 25.43 crore.

The treasury income rose to Rs 92.57 crore from Rs 20.50 crore in Q2 of 2005-06. The total deposits grew by 293.1 per cent to Rs 4,329.9 crore from Rs 1,101.4 crore. The total advances grew by 177.1 per cent to Rs 3,730.5 crore from Rs 1,346.4 crore as at September 30, 2005.

MRPL net falls at Rs 9 crore

There was a sharp fall in the net profit of Mangalore Refinery and Petrochemicals Limited (MRPL) at Rs 9 crore in the July-September quarter, from Rs 166 crore in the corresponding quarter last year, due to abnormal inventory losses resulting from reduction in petroleum product prices and discounts on LPG and kerosene to oil marketing companies.

Higher exports of Rs 3,603 crore during the quarter, against Rs 2,019 crore last year, also hit the bottom line since margins in exports are lower compared with domestic sales, a statement from MRPL, a subsidiary of Oil and Natural Gas Corporation (ONGC), said. Total income (net of excise) during the quarter was, however, up 30 per cent, from Rs 6,206 crore to Rs 8, 070 crore

Ajanta Pharma net up 26%

Ajanta Pharma has posted 26 per cent growth in net profit at Rs 2.14 crore during the quarter ended September 30, 2006, compared with Rs 1.69 crore of the corresponding previous quarter.

The company's total sales during the quarter under review were up by 25.53 per cent to Rs 58.94 crore from Rs 46.53 crore of the comparable quarter in the last financial year.

Godrej Industries net at Rs 126.4 cr

Godrej Industries has posted net profit of Rs 126.4 crore for the quarter ended September 30, 2006, marginally higher by 0.55 per cent compared with Rs 125.7 crore for the corresponding quarter in 2005. Net sales and income for the period fell 10.69 per cent at Rs 1758.7 crore against Rs 1969.3 crore in 2005.

The chemicals business contributed 66 per cent to the group revenue. Godrej Agrovet posted a revenue growth of 12 per cent during the quarter and Godrej Properties 31 per cent for the half year ended September 30, 2006.

Asian Paints net at Rs 77.56 crore

Asian Paints has posted net profit at Rs 77.56 crore for the quarter ended September 30, 2006, 26.79 per cent increase compared with Rs 61.17 crore for the corresponding quarter in 2005. Net sales for the period were Rs 784.89 crore compared with Rs 602.47 crore in 2005, higher by 30.27 per cent. The sales growth of 30 per cent beat analysts expectation of a 20 per cent growth for the quarter.

The consolidated results of the group showed 39.8 per cent increase in net profit at Rs 82.7 crore compared with Rs 59.2 crore in the previous corresponding quarter. For the half year FY 2007, the group posted net profit of Rs 143 crore, 38.9 per cent higher compared with Rs 102.9 crore for the six months ended September 30, 2005.