State Bank of Mysore
has announced its first quarter results. The company's Q1 net profit was
down at Rs 39.8 crore versus Rs 64.3 crore, year-on-year, YoY.
Its net interest income (NII) was up at Rs 439.1 crore
versus Rs 382.3 crore, YoY.
Its gross NPAs was up at 4.67% versus 3.7%,
quarter-on-quarter, QoQ.
The company's net NPAs was up 2.43% versus 1.93%, QoQ.
"Keeping in line with the industry sentiments, the
first quarter results of the 2012-13 fiscal year for Raymond is reflecting a
subdued trend," Raymond Chairman and Managing Director Gautam Hari
Singhania said. He evinced hope that the global economic uncertainties and the
domestic scenario will improve going forward.
"We are, therefore, confident that this should bolster
market sentiment and help the industry steer back on growth path in second half
of the financial year," Singhania said.
Shares of Raymond today closed at Rs 349.85 on the BSE, down
2.04 per cent from its previous close.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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