Mastek Q1 net loss of Rs13.5 crore vs Rs26.4 crore profit

Software services firm Mastek Ltd registered a net loss of Rs13.5 crore for the first quarter ended 30 September 2010 as against the net profit of Rs26.4 crore in the same quarter last year.

During the September quarter, its total revenues declined to Rs151.4 crore from Rs191.4 crore due to lower development revenues from a client account and some revenue reversals in the India and Asian market, Mastek said in a regulatory filing.

On Thursday, Mastek shares fell 3.3% to Rs235 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.9% down to 20,497 points.
 

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LIC Housing Finance Q2 net profit Rs234.2 crore vs Rs171.3 crore

Housing mortgage lender LIC Housing Finance Ltd on Thursday reported a rise of 36.8% in its net profit to Rs234.2 crore for the second quarter ended 30 September 2010.

It had a net profit of Rs171.3 crore during the same quarter of the last fiscal, LIC Housing Finance said in a filing to the Bombay Stock Exchange (BSE).

The company reported 31.8% growth in its total revenues during the July-September quarter to Rs1,100.2 crore as against Rs834.9 crore in the year-ago period.

On Thursday, LIC Housing Finance shares gained 1% to Rs1,458 on the BSE, while the benchmark Sensex closed 0.9% down to 20,497 points.

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Axis Bank Q2 net profit up 38% to Rs735 crore

Private sector lender Axis Bank reported a 38.3% growth in its second quarter net profit to Rs735.1 crore from Rs531.6 crore last year, on higher revenues from treasury and corporate banking segment.

For the quarter to end-September, the lender said its total revenues, including interest income rose 18.6% to Rs4,657.5 crore from Rs3925.9 crore, same quarter a year ago.

Axis Bank said during the second quarter, its revenues from the corporate or wholesale banking segment increased 37.4% to Rs2,722.4 crore while revenues from treasury segment rose 22.5% to Rs,5746.2 crore as against a year ago period.

The lender's retail banking segment had revenue of Rs2,173.3 crore during the second quarter - a rise of 10.5% over Rs1,966.2 crore last year.

On Thursday, Axis Bank shares ended 1.6% down at Rs1,563 on the BSE, while the benchmark Sensex closed 0.9% down to 20,497 points.
 

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