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Saturday, 20 July 2013

HDFC and Hindustan Zinc Quarter one profit up today while Indian share market closed with Mix note.

HDFC-Housing finance major HDFC today posted 34 per cent rise in consolidated net profit at Rs
1,707.10 crore for the first quarter ended June 30, 2013. It had posted consolidated net profit of Rs 1,275.86 crore in the April-June quarter a year ago, HDFC said in a BSE filing.
The total income during the period rose to Rs 8,482.85 crore, from Rs 7,388.51 crore in the same period a year ago.
The consolidated result includes profit of subsidiaries such as HDFC Bank, HDFC Standard Life, HDFC Ergo General Insurance, HDFC Venture Capital and Gruh Finance Ltd.

Hindustan Zinc-Vedanta group firm Hindustan Zinc today reported 5% growth in net profit at Rs 1,660.45 crore for the quarter ended June 30, 2013, as impact of higher sales and output was partially offset by lower metal prices.
The company had reported a net profit of Rs 1,581.34 crore during the corresponding quarter of the previous fiscal. Net sales of the company increased by 8.36% to Rs 2,939.41 crore during the quarter vis-a-vis Rs 2,712.67 crore of the Q1 of FY'13.

Today Indian Share market- The BSE Sensex was up 21.44 points to close at 20149.85, Sensex touch high of 20256.60 and low of 20111.13 while the Nifty is down 8.85 to end at 6029.20; Nifty hit high of 6066.85 and low of 6020.85.
The BSE Midcap and Smallcap indices fell 0.56 percent each and NSE Midcap down 0.81% & Smallcap down 0.60%


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