GAIL Q4 net jumps 51 percent on higher gas transmission

The SBI had posted net profit of Rs 3,742.02 crore in the corresponding, January-March quarter of the previous fiscal 2014-15.

Shares of State Bank of India were trading 1.66 per cent higher at Rs 187.20 post Q4 earnings.

International Olympic Committee had a net profit of Rs 6,285.35 crore in January-March 2015, the company said in a stock exchange filing.

“We have had an outstanding year in terms of both operating performance and profit”, he said.

In 2015-16, large corporate advances grew about 17 percent year-on-year. Under-recoveries dropped from Rs 39,758 crore in 2014-15 to Rs 7,757 crore in 2015-16.

The realty major’s standalone total income for the quarter under review increased by 25.21 percent to Rs.1,596.80 crore from Rs.1,275.25 crore.

SBI, like several other state-owned banks, registered the sharpest fall in profits since 2011 following a clean-up order after a central-bank audit triggered a surge in provisions for bad loans. Net NPA has come in at Rs 55807.02 crore as against 40249.12 crore an increase of 38.7 per cent. On the contrary Net profit has declined from Rs 16994.3 crore in FY15 to Rs 12224.59 crore in FY16, a decrease of 28.1 per cent.

“For oil companies profitability should be looked at from the point of view of the full year”, he said.

Talking about Net Interest Margin, she said that it 3.27 per cent domestic and 1.29 per cent for overseas operations.

Its revenue from movie exhibition was at Rs 377.87 crore in the fourth quarter of 2015-16 as against Rs 271.40 crore of the same period of the previous fiscal. The stock rose 6.42% to close at Rs 195.55 on the BSE on Friday as profit slumped to Rs 1,264 crore, below expectations.