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Q3 Earnings Update: DABUR, ICICI Bank & Punjab National Bank

FMCG major Dabur India registered a 11.9% increase in the net profit to Rs 172.82 crore while ICICI Bank declared a 20% rise in its net profit at Rs 1,728 crore and Punjab National Bank (PNB) reported a 5.5% jump in the net profit at Rs 1,150 crore; for the quarter, which ended on December 31st, 2011. ALso, PNB recently announced a mjor recruitment drive where it plans to recruit 750 management trainees.

Dabur India Logo - Celebrate Life

Dabur India Logo - Celebrate Life

The previous year profits of the same companies are Rs 154.44, Rs 1,437 crore and Rs 4,433 crore respective with Dabur India, ICICI and Punjab National Bank. Shares of Dabur India were trading 1.62% up at Rs 94.35 on the BSE in the afternoon trade. ICICI Bank closed 5.87 per cent higher, at Rs 902, on the BSE, on Tuesday.

Companies are finally bagging profits after experiencing dreadful losses due to Inflation. Of all the market segments, the ones which saw growth are secured retail like mortgages and auto loans, domestic corporate and international corporate. Foreign currency loans given to Indian corporate have bagged a rich.

Sources: 1, 2, 3


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