April 24: Mahanagar Telephone Nigam Ltd (MTNL) has reported a 47 per cent increase in net profit at Rs 206 crore in the quarter ended March 31 compared with that in the corresponding period last year.

Total income, however, decreased 13.07 per cent to Rs 1,386.07 crore from Rs 1,594.51 crore in the year-ago period.

MTNL’s chairman and managing director R.S.P. Sinha said the revenue could be considered to have increased if the Rs 350 crore accrued as other income is taken out of the fourth quarter figure of the previous fiscal and the declining tariff scenario is considered.

The increase in net profit can be attributed to a decrease in operational expenses, he added. The company posted a net profit of Rs 643.12 crore in the year ended March 31 compared with Rs 580.29 crore in the previous year.

MTNL’s total income decreased to Rs 5,530.69 crore from Rs 6,090.99 crore in the previous year.

MTNL performed well in this quarter despite stiff competition from other operators. It has generated an income of Rs 1,199.97 crore from services during the quarter compared with Rs 1445.28 crore a year ago. Total income from services has decreased to Rs 4,923.4 crore from Rs 5,560.98 crore in the previous year.

Yes Bank

Yes Bank’s profit after tax was Rs 30.90 crore in the fourth quarter ended March 31, up 101.69 per cent from Rs 15.32 crore in the same quarter of the previous year.

Total income rose 177.37 per cent to Rs 281.09 crore in the quarter from Rs 101.34 crore a year ago.

For the fiscal ended March 31, the bank posted a PAT of Rs 94.36 crore, a 70.57 per cent rise from Rs 55.32 crore a year ago. Total income for the fiscal increased to Rs 782.18 crore, up 98 per cent from Rs 289.92 crore in 2005-06.

Total business for the fiscal rose to Rs 14,510 crore from Rs 5,317 crore, registering an increase of 172.89 per cent.

For the quarter ended March 31, the bank’s income from interest almost trebled to Rs 202.36 crore from Rs 68.13 crore a year ago. Non-interest income for the period rose to Rs 78.73 crore from Rs 33.21 crore.

HDFC Bank

HDFC Bank has posted a 30.53 per cent increase in net profit at Rs 343.57 crore in the quarter ended March 31 against Rs 263.21 crore a year ago.

The bank’s total income grew 41.69 per cent to Rs 2,384.19 crore in the quarter from Rs 1,682.65 crore in the corresponding quarter of the previous year, the bank has informed the BSE.

The Bank’s board declared a dividend of Rs 7 on shares of Rs 10 each, or 70 per cent for the year ended March 31.

The bank posted a net profit of Rs 1,141.45 crore for the fiscal against Rs 870.78 crore a year ago. Total income rose to Rs 8,405.25 crore from Rs 5,599.32 crore.

Hexaware Tech

Hexaware Technologies has posted a 25.77 per cent rise in profit after tax to Rs 26.30 crore in the first quarter ended March 31 from Rs 20.91 crore in the same quarter of the previous year.

Total income for the quarter was Rs 127.23 crore compared with Rs 90.92 crore in the year-ago period, the company has informed the Bombay Stock Exchange.