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SBH reports `163 cr net

Highlights

SBH Reports `163 cr Net, The City-Based Bank's, FMCG Segment. Dabur India on Monday reported 23.40 per cent increase in consolidated net profit at Rs 249.74 crore for the second quarter ended September 30, 2013-14, on account of strong performance in the FMCG segment.

Q2 results
State Bank of Hyderabad (SBH) on Monday reported 23.76 per cent fall in net profit at Rs 162.72 crore for the second quarter ended on September 30, as compared with Rs 213.43 crore in the same quarter a year ago.
The city-based bank's interest income however went up 7.41 per cent from Rs 3,068.07 crore a year ago to Rs 3,295.47 crore during July-September, 2013 period. The net interest income (NII) was down 3.23 per cent to Rs 944.53 crore from Rs 976.05 crore a year ago.
"Branch network of the bank increased by 97 branches from 1,490 as in September 2012 to 1587 as in September 2013. Further, 100 branches are planned for opening during the current financial year. The bank recruited 111 specialist officers in various cadres during this financial year," the bank said in a release.
Dabur India Q2 net up
Dabur India on Monday reported 23.40 per cent increase in consolidated net profit at Rs 249.74 crore for the second quarter ended September 30, 2013-14, on account of strong performance in the FMCG segment.
The company reported net profit of Rs 202.37 crore in the corresponding quarter of last fiscal, 2012-13.
Dabur's Q2, 2013-14 net sales went up by 14.85 per cent to Rs 1,748.81 crore, compared to Rs 1,522.6 crore in the year-ago period.
Dabur's consumer care business increased by 18.33 per cent at Rs 1,495.49 crore, while foods business grew by 15.71 per cent to Rs 203.39 crore.
"Strong demand from the hinterland following the mega initiative to double our rural distribution footprint helped Dabur India Ltd sail through a challenging business environment and moderation in consumption expenditure," the company said in a statement.

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