QUARTERLY LEDGER

November 2017 \ Business & Investment \ BUSINESS AND GOVERNANCE

Q2 Rs 28 crore profit for HCL

State-run Hindustan Copper Ltd (HCL) has reported that its net profit jumped over four times to Rs 28.55 crore for the quarter ended September 30 as compared to Rs 6.77 crore in the year-ago period. “Once the NALCO board approves the proposal, a company will be formed to deal in the area of strategic minerals,” company’s CMD Santosh Sharma said.

Q2 Rs 70 crore profit for A-Bank

State-run Allahabad Bank on Friday reported close to 8 per cent growth in its net profit to Rs 70.20 crore for the quarter ended September 30, as compared to Rs 65.03 crore for the year-ago period. The growth in bank’s net profit for the second quarter of the current fiscal was aided by a healthy growth in operating profit along with fall in the bank cost of deposits.