Bank of Rajasthan, Core Emballage & Dewan Housing Q1 results

CORPORATE SCORECARD

Bank of Rajasthan net down

Bank of Rajasthan has posted a sharp drop in its first quarter net profit at Rs 5.21 crore as against Rs 20.15 crore in the Q1 of 2004-05 owing to provision for depreciation for securities and wage revision.

Yotal income for the reporting quarter remained almost flat at Rs 155.08 crore against Rs 155.43 crore in April-June 2004, the private sector bank said in a release on Monday.

Net profit was down owing to provision of depreciation of about Rs 12 crore made for movement of securities from available-for-sale category (AFS) to held-to-maturity (HTM) and Rs 4.5 crore for wage revision, bank chairman P K Tayal said. The bank has moved securities worth Rs 350 crore from AFS to HTM in the current quarter, he added.

Core Emballage net dips

Ahmedbabad-based Core Emballage has registered sales turnover of Rs 7.17 crore with net loss of Rs 1.23 crore during the first quarter ended June 30 of the current financial year.

During the first quarter of previous fiscal 2004-05, the company had registered sales of Rs 8.33 crore with net loss of Rs 1.36 crore.

Dewan Housing net up

Dewan Housing Finance Corporation reported a 40 per cent increase in net profit in the first quarter of 2005-06 to Rs 7.88 crore from Rs 5.60 crore a year earlier.

The housing finance company's income from operations was up 31 per cent to Rs 47.10 crore in the quarter ended June 30, 2005 from Rs 35.93 crore a year earlier.