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ICICI + L&T Profits Down – Pulls Down Sensex

January 21, 2010

ICICI Bank Ltd has announced the following Audited results for the quarter ended December 31, 2009:

The Bank has posted a net profit of Rs 11010.60 million for the quarter ended December 31, 2009 as compared to Rs 12721.50 million for the quarter ended December 31, 2008. Total Income has decreased from Rs 103506.20 million for the quarter ended December 31, 2008 to Rs 77627.10 million for the quarter ended December 31, 2009.

The Group has posted a net profit of Rs 11486.60 million for the quarter ended December 31, 2009 as compared to Rs 15597.60 million for the quarter ended December 31, 2008. Total Income has decreased from Rs 169227.30 million for the quarter ended December 31, 2008 to Rs 141768.40 million for the quarter ended December 31, 2009.

Larsen & Toubro Ltd (L&T) has announced the following Unaudited results for the quarter ended December 31, 2009:

The Company has posted a profit after tax of Rs 7588.20 million for the quarter ended December 31, 2009 as compared to Rs 15204.40 million for the quarter ended December 31, 2008. Total Income has decreased from Rs 89243.20 million for the quarter ended December 31, 2008 to Rs 83557.50 million for the quarter ended December 31, 2009.

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