Titan Q4 PBT up 25% at Rs 70 crore
Titan Industries, on Friday, reported 27.5 per cent growth in sales income at Rs 835 crore for the quarter ended March 31, 2008 as against Rs 606 crore in the corresponding quarter last year. While the watch segment sales grew by 11 per cent, jewellery segment sales went up by 36 per cent as compared to the previous year. Profit before taxes (PBT) for the January-March quarter rose 25 per cent to Rs 69.99 crore from Rs 56 crore in the year-ago quarter.
For the whole year, Titan posted a net profit of Rs 150.27 crore as against Rs 94.13 crore in the previous year, registering a 60 per cent growth. Total income increased by 42 per cent to Rs 3,042.86 crore from Rs 2,139.68 crore in the previous year.
UBI net up by 19 pc  at Rs 319 crore
United Bank of India (UBI), on Friday, reported 19 per cent growth in net profit at Rs 318.95 crore in 2007-08 and said the bank , will require a fresh exercise for implementing its financial restructuring plan, said Bank’s Chairman & Managing Director P K Gupta, reports DHNS from Kolkata.
UBI which is aggressively targeting to up its turnover by 20 per cent from the present level of Rs 75,123 crore to Rs 90,000 crore in 2008-09, announced a Rs 45.97 crore(3 per cent) dividend to be paid to the government of India in the 2007-08 fiscal. Even as the net interest margin was under pressure, the bank recorded a growth in non-interest income,distribution of third party product and income through mutual fund and government business. It plans to shortly launch a pension-related product in collaboration with Tata AIG.  Mr Gupta conceded that the bank’s fourth quarter performance took a hit following depreciation on investment and property.
ACC Q1 PAT remains flat at Rs 357 crore
ACC Ltd, on Thursday, posted a mere .53 per cent increase in net profit at Rs 357.54 crore for the quarter ended March 31, 2008 as against Rs 355.65 crore in the same quarter last year, reports DHNS from Mumbai.
During the quarter under review, the company’s total income was Rs 1861.37 crore as against Rs 1728.46 crore in the same quarter last year. Further, the company transferred its Ready-Mix Concrete business to its wholly-owned subsidiary- ACC Concrete Ltd - for a consideration of Rs 100 crore, which is subject to adjustment on finalisation of net assets transferred.
MRF registers 83% growth in net profit
Country’s largest tyre manufacturer MRF Ltd said on Friday that its total income rose 12 per cent to Rs 1,220.24 crore for the quarter ended March 31, 2008 from the year-ago quarter. Company’s net profit for the January-March quarter was at Rs 65.62 crore, 83 per cent higher than the same quarter last year.  
ABB net up 36 pc      at Rs 118 crore
ABB India, on Friday, reported 36 per cent growth in net profit at Rs 117.7 crore for the quarter ended March 31, compared with Rs 86.6 crore in the same quarter last year.
Revenues for the power and automation technology major rose 17 per cent to Rs 1553.8 crore from Rs 1327.6 crore in the year-ago quarter. The company has strengthened its order backlog by 35 percent to Rs 2695.4 crore at the end of January-March quarter compared to Rs 2000.3 crore in the year-ago quarter.
Indian Bank Q4 net  up 2.7 per cent
Indian Bank, on Thursday, said that the Bank’s net profit for the quarter ended 31 March 2008 stood at Rs 241.67 crore as compared to Rs 235.30 crore in the  same quarter a year ago,  a slight increase of 2.7 per cent . The Total Income of the Bank in the fourth quarter was Rs 1672.85 crore as against 1563.59 crore in the same period a year ago, an increase of 6.9 per  cent. 
The Bank has registered a growth of 32.22 per cent in net profit at Rs 1,008.74 crore during the fiscal year 2007-08, as against the last year’s figures of Rs 759.77 crore . Total income of the bank rose to Rs 6,218.66 crore, registering a growth of 23.93 per cent over Rs 5,017.86 crore a year ago, the bank said in a release. The gross NPA of the bank declined to 1.21 per cent, against 1.85 per cent in the previous year.
LIC Housing Finance Q4 net up 32 pc
LIC Housing Finance, on Friday, reported 32 per cent jump in the fourth quarter net profit ended March 31, 2008, at Rs 118.1 crore, compared with Rs 89.14 crore in the corresponding quarter last fiscal. During the period under review, the company’s total income rose 39 per cent to Rs 629.25 crore as against Rs 451.2 crore in the same quarter last year, said a company release in Mumbai. For the full-year ended March 31, the company’s net profit surged 39 per cent to Rs 387.19 crore as against Rs 279.14 crore in last fiscal, while total income increased 37 per cent to Rs 2164.92 crore from Rs 1575.56 crore.
GlaxoSmithKline PAT up 33% at Rs 56 crore
GlaxoSmithKline Consumer Healthcare, on Friday, reported 33.6 per cent jump in net profit at Rs 56.6 crore for the January-March quarter, citing strong brand-led activities, with focus on specific consumer base that include the launch of women’s Horlicks for women and ActiBase that tapped into the fast growing specialist nutrition segment.
While the company’s first quarter sales rose 25.7 per cent to Rs 410.6 crore, Profit Before Tax (PBT) grew 34.1 per cent to Rs 86.4 crore, a release said in Mumbai.