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Thursday, November 02, 2006
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CORPORATE RESULTS

FINANCIAL SERVICES
Ratnabali Capital Mkts H1 net up
Ratnabali Capital Markets Ltd (RMCL), a Kolkata-based and BSE-listed stock broking firm, has reported a profit before tax of Rs 11.03 crore for the half-year ended on September 30, against Rs 8.13 crore for the same period in the previous ... More

HOTELS
Indian Hotels posts 75% growth in net
Indian Hotels Company Ltd (IHCL) has announced a 74.5 per cent increase in net profit for the second quarter ended September 30, on a 30 per cent increase in turnover. The company's net profit stood at Rs 46.22 crore (Rs 26.48 ... More

EIH Q2 net trebles
EIH Ltd has recorded a higher net profit of Rs 27.46 crore during the three months ended September 30 compared with Rs 8.03 crore in the corresponding period of 2005. The board of directors of the company met on Tuesday to take note of the ... More

PETROLEUM
Sops boost BPCL net to Rs 1,259 cr
Compensations in various forms received by BPCL helped the company report a net profit of Rs 1,258.5 crore for the second quarter of the current fiscal, as against Rs 18.8 crore in the corresponding quarter of last fiscal. This was despite the ... More

PHARMACEUTICALS
Suven Life Q2 net up 53 pc
Suven Life Sciences Ltd has reported a growth of 47 per cent in revenue and 53 per cent in net profit for the second quarter of current fiscal ended September 2006. The company posted a turnover of Rs 27.97 crore during the quarter under ... More

PLASTICS
VIP Q2 net drops
VIP Industries Ltd has posted decline in net profit to Rs 0.10 crore (Rs 0.82 crore) for the second quarter ended September. Net sales, however, rose to Rs 76.29 crore (Rs 65.14 crore). Exports rose 68 per cent to Rs 19.53 crore (Rs 11.63 ... More

SHIPPING
Essar Shipping net profit up 23 pc
Essar Shipping Ltd (ESL) has reported a 23.8 per cent jump in net profit for the second quarter of the current fiscal to touch Rs 15.28 crore, against Rs 12.34 crore in the corresponding quarter of the previous fiscal. During the quarter, the ... More

ABG Shipyard Q2 net grows 42%
ABG Shipyard has reported a 42.8 per cent jump in its net profit for the second quarter of the current fiscal to touch Rs 27.1 crore, compared to Rs 18.9 crore in the corresponding period a year ago. During the quarter, the company's income was ... More

STEEL
Pennar Industries reports higher net
Chennai facility to take off soon More

Essar Steel Q2 net profit up 51 pc
Essar Steel Ltd (ESL) has reported a 51.70-per cent jump in its net profit for the second quarter of the current fiscal to touch Rs 154.34 crore against Rs 101.74 crore in the corresponding quarter of last fiscal. During the quarter, the ... More

Mukand Q2 net up 60 pc
Specialty steel manufacturer Mukand Ltd has reported a 60 per cent increase in net profit for the second quarter of the current financial year to Rs 25.15 crore against Rs 15.67 crore in the corresponding period last year. During the quarter, the ... More

SUGAR
Simbhaoli Sugars net slumps 83%
Simbhaoli Sugars Ltd has reported an 83 per cent decline in net profit at Rs 2.02 crore for the second quarter ended September 30, 2006, against Rs 11.7 crore in the same period last year, mainly due to higher cost of production ... More

TEA
Tata Tea net rises 92%
Helped by higher branded tea sales, one-time gains More

TEXTILES
Alps Industries Q2 net profit jumps 72 pc
Alps Industries Ltd, a manufacturer of yarns and furnishings, has reported a 72 per cent increase in net profit to Rs 8.39 crore (Rs 4.85 crore) for the quarter ended September 30. Net sales have nearly doubled to Rs 112.85 crore (Rs 56.81 ... More

Sangam (India) net at Rs 10 cr
Sangam (India), a polyester-viscose dyed yarn manufacturer, has posted a 74.09 per cent rise in net profit to Rs 10.08 crore (Rs 5.79 crore) for the second quarter ended September 30. Net sales rose 52.39 per cent to Rs 125.39 crore (Rs 82.28 ... More

AUTOMOBILE COMPONENTS
Mico net rises 46 pc
Robust growth in the auto industry helped Motor Industries Company Ltd (Mico), flagship of the Bosch Group, to record a 46.5 per cent growth in net profit to Rs 125.4 crore during the third quarter of 2006. Its net sales during the same period ... More

ELECTRICAL GOODS
Indo Asian Q2 net at 4.4 cr
Indo Asian Fusegear Ltd (IAFL) on Tuesday reported a growth of 5.28 per cent in its net profit for the second quarter ending September 30, 2006, to Rs 4.38 crore from Rs 4.16 crore in the same period last year. The company also reported a growth ... More

GEMS & JEWELLERY
Rajesh Exports sees 25 pc rise in net profit
Rajesh Exports has reported 25.06 per cent increase in net profit in the second quarter of fiscal 2006-07 at Rs 21.16 crore compared to Rs 16.9 crore for the corresponding period the previous year. The company reported revenue of Rs 1,712.8 ... More

SOFTWARE
California Software net profit up
California Software Ltd reported a net profit of Rs 63.08 lakh for the second quarter ended September 2006 compared with a net profit of Rs 54.23 lakh for the corresponding quarter last year, an increase of 16.32 per cent. Revenue was at Rs 45.97 ... More

Bartronics net, revenue rise
Bartronics India Ltd recorded total income of Rs 15.81 crore and a net profit of Rs 3.64 crore for the quarter ended September 30, 2006 against total income of Rs 8 crore and a net profit of Rs 1.63 crore for the corresponding quarter last ... More

Megasoft Q3 revenue rises 44 per cent
Megasoft Ltd has recorded revenues of Rs 49.92 crore and a net profit of Rs 9.62 crore for the third quarter ended September 30, 2006, as against revenues of Rs 29.76 crore and a net profit of Rs 6.13 crore for the corresponding quarter last ... More

Mindteck clocks Rs 1.36 cr profit
Mindteck (India) Ltd has recorded a modest improvement in its net profit for the quarter ended September 30, 2006, at Rs 1.36 crore on total revenue of Rs 25.76 crore. The company's net profit for the corresponding period in the previous year ... More

Ramco trims loss
Ramco Systems Ltd has reported reduced net loss of Rs 3.59 crore for second quarter ended September 30, compared with a net loss of Rs 7.11 crore for the corresponding quarter in the previous year. Revenue was Rs 19.45 crore (Rs 33.85 crore), ... More

Nucleus Soft net up 57.86 pc
Nucleus Software Exports Ltd has registered a 54.22 per cent increase in its consolidated revenue for the quarter ended September 2006 to reach Rs 55.09 crore against Rs 35.72 crore during the corresponding period of the previous fiscal. The ... More

ALUMINIUM
Nalco net rises 110%
The Orissa-based National Aluminium Company (Nalco) has achieved 110.22 per cent increase in net profit to Rs 595 crore for the second quarter ended September 30, against Rs 283.04 crore recorded in the corresponding period last year. ... More

PAPER, BOARD & NEWSPRINT
Orient Paper Q2 turnover up 34 pc
Shutdown hits paper division More

West Coast Paper net rises
West Coast Paper Mills Ltd for the quarter ended September 2006 has come out with an improved performance compared to the corresponding period of previous year, as the gross profit has increased from Rs 17.08 crore to Rs 23.48 crores, registering ... More

HOUSING FINANCE
Can Fin Homes Q2 net up 69%
Can Fin Homes recorded a 69-per cent growth in its net profit at Rs 14.87 crore for the quarter ended September 30, compared to Rs 8.8 crore for the same quarter in the previous year. The Canara Bank subsidiary also had a ... More

TRADING
MMTC turnover grows 65 pc in H1
MMTC, the largest global trading company of the country, has logged 65 per cent growth in business volume during the first half of the current fiscal, with a turnover of Rs 11,253 crore against Rs 6,802 crore during the corresponding period of ... More

PRIVATE BANKS
IndusInd Bank net drops
IndusInd Bank's net profit has fallen 45 per cent to Rs 17.18 crore (Rs 31.49 crore) during the quarter ended September 30. "The profits were lower mainly due to absence of profit on securitisation in the second quarter and increase in the cost ... More

PUBLIC SECTOR BANKS
Central Bank net doubles in H1
Central Bank of India's net profit surged 99.07 per cent for the six-month period March-September 30 to Rs 215 crore (Rs 108 crore) on growth in advances and less NPAs. The bank saw an increase of 39.65 per cent in gross advances to Rs 43,245 ... More

SUPPLY CHAIN MANAGEMENT
Gateway Distriparks Q2 net higher by 8 pc
Gateway Distriparks Ltd, a port-based logistics company, has reported 8.15 per cent rise in net profit for the second quarter of the current fiscal to touch Rs 21.09 crore, against Rs 19.5 crore in the second quarter of last fiscal. During the ... More






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Top Stories
Mothercare expansion may exceed targets


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Looking back
Oct. 22-Oct. 28
TVS Motor Q2 net drops 22.28%

Dr Reddy's Q2 net trebles on record sales

Bank of India net rises 61 pc on higher interest income



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