RESULTS 24.04.2010& 25.04.2010

• • Wipro Q4 FY10 Results : Net rises 20.77%
  • Honeywell Automation India Q4 FY10 Results : Net rises 2.95%
  • Results Today – 24th April 2010
  • Zensar Technologies Q4 FY10 Results : Net plunges 52.22%
  • Ambuja Cements Q4 FY10 Results : Net rises 38.36%
  • ABG Shipyard bags order worth Rs 385 crores
  • Valecha Engineering bags order worth Rs 147 crores
  • Nestle India Q4 FY10 Results : Net rises 2.31%
  • Kale Consultants Q4 FY10 Results : Net rises 57%
  • Can Fin Homes Q4 FY10 Results : Net rises 27.68%

  • ICICI, HDFC Bank Q4 net up by a third on credit demand

    ICICI Bank, India's second-largest lender, posted its best quarterly profit growth in two years, helped by an increase in fee income and reduction in operational costs.
    Smaller rival HDFC Bank reported a 32.6 per cent rise in its quarterly profit, beating market estimates, bolstered by a pick-up in credit demand in Asia's third-largest economy.
    Bank credit in India grew an annual 17.05 per cent in early April, according to the central bank's provisional data, in tune with a rise in business and consumer confidence, from a low 9.7 per cent in October and compared with 16.7 per cent at end-March.
  • ICICI said its January-March net profit rose 35 per cent to Rs 10.06 billion($227 million) from Rs 7.44 billion. A poll of analysts had forecast net profit of Rs 10.89 billion.
    New York-listed HDFC Bank said its January-March net profit rose to 8.37 billion rupees ($188 million) from 6.31 billion rupees. A poll had projected net profit at Rs 8.15 billion.
    Shares in ICICI Bank, valued at nearly $24.5 billion, have risen 11.4 per cent this year and HDFC has gained over 14 per cent, beating the sector index. The main Mumbai market is up 1.3 per cent.