The BSE Sensex was up 60.61 points to 9,296. The market turned positive after showing weakness in opening trade. Asian markets were trading lower today, as a record crash in Japanese production and lower profit forecasts fueled anxiety among investors.
Companies like Tata Steel, Hindalco Industries, Bharti Airtel fell by between 0.25% to 1.28%. While, Jaiprakash Associates, Ranbaxy Labs, Sterlite Industries, Reliance Communications rose by between 1.3% to 4.17%.
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Mastek Ltd, has Reported its third quarter numbers. It has posted net profit of Rs 35 crore for the quarter ended March 2008 as against Rs 27.1 crore in previous quarter. Its revenues stood at Rs 239 crore versus Rs 211.7 crore.
The company also said it may do better in the next quater, market reports is that these number are strong as given the Dollar movement and the US slowdown.
The company share price moved up almost 30Rs on bse the movrement results were anounced.
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Yes Bank has declared its fourth quarter and FY08 results. The bank has reported 108.74% jump in its Q4 net profit of Rs 64.5 crore versus Rs 30.9 crore in the corresponding quarter of previous year. Other income was up at Rs 106 crore versus Rs 78.7 crore.
Net interest income went up at Rs 389 crore versus Rs 202 crore and capital adequacy ratio, CAR stood at 13.64%.
Non performing assets, NPA stood at Rs 8.5 crore. Provisions and contingencies went up 80% at Rs 22.8 crore.
The company has also informed that bank dose not hance any exposure to forex products for the SME secotor
Its Full year (FY08) net profit Up by 111.97% at Rs 200.02 crore as against Rs 94.36 crore.
In the whole the bank has given the good numbers give the market status and lot of speculation on posible MTM loss on forex products.
Results
, profits, Q4, Results, Yes bank