Jammu & Kashmir Bank registered 20 per cent rise in net profit at Rs 250 crore for its fourth quarter ended March 31. The bank had recorded a profit of Rs 208.1 crore in the same period of the previous financial year.
NHPC reported PAT of INR3.1b for 3QFY13. This includes adjustment of prior period revenue, reversal of expenditure and interest income on water cess recovery. Adjusted PAT was INR2.4b, in line with our estimate.
Dalal Street’s romance with Srinagar-based Jammu & Kashmir Bank is proving to be a long-drawn one. Tagged as a sleepy, regional lender till a few years earlier, the bank’s stock was not much talked about in the investors’ community.
Jammu and Kashmir (J&K) Bank has surged 5% to Rs 1,174 after reporting a better-than-expected 35% year-on-year (yoy) jump in net profit at Rs 270 crore for the second quarter ended September 2012. Analyst on an average expected profit of Rs 226 crore
Jammu and Kashmir (J&K) Bank is trading higher by 4% to Rs 1,125, also its lifetime high, in otherwise weak market on the Bombay Stock Exchange. The stock opened at Rs 1,085 and has seen a combined 70,606 shares changing hands on the counter so far.
“Unit IV of 135MW of the 8X135MW power project at Barmer, Rajasthan, has been successfully commissioned and has achieved Commercial Operation Date (COD) from December 04, 2011,&" the electric utilities company said in a filing to the stock
"The shareholders of the bank have in their 73rd annual general meeting on July 9 approved the payment of dividend at 260% for the financial year ended 2010-11," J&K Bank said in a filing to the Bombay Stock Exchange (BSE).
Haseeb Drabu on Friday resigned as chairman of Jammu & Kashmir Bank, a year before his term was scheduled to end. Appointed by the earlier PDP-Congress coalition government, Drabu was asked to resign by the state government.