The Hindu Business Line : Saturday, July 28, 2007

EID Parry reports loss of Rs 25 cr
EID Parry (India) Ltd has reported a net loss of Rs 25.41 crore on net sales of Rs 79.44 crore for the quarter ended June 30, 2007. During the corresponding period in the previous year, the company reported a net profit of Rs 108.30 crore on net ... More

CEMENT
Madras Cements net profit jumps 30%
Chennai, July 27 Madras Cements’ net profit rose 30 per cent at Rs 100.56 crore on net sales of Rs 469.37 crore for the quarter ended June 30, 2007.During the corresponding period in the previous year the company reported a net ... More

FERTILISERS
Tata Chem looks to renew focus on agri sector
Mumbai, July 27 Tata Chemicals plans to renew its focus on the agriculture sector, especially on the fresh produce business (Khet-Se), for which it recently joined hands with an Irish company called Total Produce.Speaking at the AGM of ... More

HOTELS
Taj GVK Q1 net at Rs 15 cr
HYDERABAD: Taj GVK Hotels and Resorts Ltd has registered a total income of Rs 57.20 crore (Rs 56.87 crore) for the first quarter ended June 30, 2007. The profit after tax was put at Rs 15.07 crore (Rs 14.79 crore), a company release said. ... More

INFRASTRUCTURE
GMR Infra net up 7.4 %
GMR Infrastructure Ltd (GIL), reported an increase of 7.4 per cent in its profit after tax while its growth in net revenue from operations grew 16 per cent for the quarter ended June 2007. The company’s profit after tax was Rs 69 crore on a ... More

PETROLEUM
GAIL’s Q1 net up 16% at Rs 685 cr
Revenues from petrochemicals biz rise 41% More

BPCL posts Rs 193-cr profit in Q1
Mumbai, July 27 Public sector oil major Bharat Petroleum Corporation Ltd (BPCL) has registered a net profit of Rs 192.7 crore for the quarter ending June 30 as compared to a net loss of Rs 426.5 crore for the year-ago quarter. Net ... More

SUGAR
Renuka Sugars buys two cos
Mumbai, July 27 Shree Renuka Sugars Ltd has drawn up Rs 273 crore investment plan to grow its business. The company has acquired the Pune-based KBK Chem-Engineering, which is into ethanol engineering, procurement and construction ... More

TEXTILES
Indus Fila
MUMBAI: Indus Fila Ltd announced a jump in its net profit by 124 per cent to Rs 8 crore for the first quarter ended June 30, 2007 compared with Rs 3.57 crore in the same period last year. The turnover increased to Rs 86 crore, up by 112 ... More

Welspun India
MUMBAI: Textile company Welspun India Ltd recorded a net profit of Rs 9 crore (Rs 7.5 crore) , up by around 23. The turnover for the quarter increased by 33 per cent to Rs 264 crore (Rs 198 crore). Total income rose by 32 per cent ... More

TYRES
Ceat Q1 net zooms to Rs 30 cr
Mumbai, July 27 Tyre maker Ceat Ltdhas posted net profit of Rs 30.35 crore for the first quarter FY 2007-08 up 130 timescompared with Rs 0.23 crore for the same period last year. The company’s turnover for the quarter stood at Rs 601 ... More

BREWERIES
United Spirits Q1 net rises 94%
Bangalore, July 27 United Spirits has posted 94 per cent increase in first-quarter net profit to Rs 87.6 crore, as revenues grew 17 per cent to Rs 766 crore. A company release said that earnings before interest, depreciation and tax rose 67 ... More

PERSONAL PRODUCTS
Godrej Q1 net doubles
Mumbai, July 27 Godrej Industries Ltd (GIL) has posted a 97 per cent increase in net profit at Rs 32.5 crore (Rs 16.52 crore) for the quarter ended June 30, 2007. Total income increased by 11 per cent at Rs 201 crore (Rs 181.67 crore). ... More

LIFESTYLE
Colgate net rises 69% at Rs 61 cr
Colgate-Palmolive ( India ) Ltd has recorded a 69 per cent increase in net profit at Rs 60.9 crore for the quarter ended June 30 compared to Rs 36.6 crore the previous year. The FMCG company reported a 13 per cent increase in net sales at Rs. ... More

RADIO/TV
Global Broadcast News trims Q1 net loss
New Delhi, July 27 Global Broadcast News (GBN), which owns CNN-IBN and IBN -7 news channels, has announced a net loss of Rs 3.50 crore for the quarter ended June 30. The company says it is a 73 per cent reduction on the loss of Rs 13.21 crore ... More

TV18 Q1 net down 31%
New Delhi, July 27 Television Eighteen has reported a 31 per cent decline in net profit at Rs 2.93 crore for the first quarter ended June 30, as against Rs 4.27 crore reported during the corresponding quarter the previous year. Net ... More

TWO/THREE WHEELERS
TVS Motor Q1 net down 64% at Rs 7.5 cr
Chennai, July 27 TVS Motor Company has reported a net profit of Rs 7.55 crore for the April-June quarter compared with Rs 21.26 crore in the corresponding quarter of last year. The company has attributed the 64 per cent decline in net ... More

HARDWARE
Tata Elxsi net profit up 18%
Bangalore, July 27 Tata Elxsi has reported a 18 per cent rise in its net profit and a 46 per cent rise in revenues for the quarter-ended June 2007 over the corresponding last quarter. Tata Elxsi reported a net profit of Rs 12.10 crore ... More

SOFTWARE
Patni Computer Q2 net at Rs 120.69 crore
Mumbai, July 27 The Mumbai based IT services provider Patni Computer Systems Ltd has posted a net profit of Rs 120.69 crore — on a standalone basis (according to Indian GAAP) — for the second quarter ending June 2007 compared with ... More

Cranes Soft net rises 29%
Bangalore July 27 Cranes Software International Ltd has reported a 29 per cent rise in its consolidated net profits and a 32 per cent growth in its revenues for the June quarter this year over corresponding last quarter. Cranes reported ... More

NIIT Tech net profit rises 61% at Rs 35 cr
Consolidated revenues record 20% increase More

WATCHES & ACCESSORIES
Titan posts 3-fold rise in net
Titan Industries has posted a three-fold increase in first quarter net profit at Rs 12.64 crore. Income from operations went up 48 per cent to Rs 666.59 crore from Rs 449.92 crore during the corresponding period last year. The watch segment grew ... More

NEWSPAPERS & PUBLISHING
Jagran Prakashan Q1 net rises 51%
Jagran Prakashan has announced a growth of 51.62 per cent in first-quarter net profit to Rs 34.71 crore against Rs 22.89 crore in the corresponding previous period. Net sales saw grew more than 34 per cent to Rs 183.42 crore (Rs 136.67 crore), ... More

CREDIT RATING
S&P may shift its rating biz to India from Singapore
‘There would be no loss of labour at Singapore’ More

PRIVATE BANKS
J&K Bank posts 33.4% growth in net profit
New Delhi, July 27 J&K Bank on Friday reported a 33.44 per cent increase in net profit for the quarter ended June 30 to Rs 83.24 crore compared with Rs 62.38 crore recorded in the same period last year. Interest earned for the ... More

Federal Bank Q1 net climbs 66%
Kochi, July 27 Federal Bank’s net profit grew by 66 per cent to Rs 66.94 crore (Rs 40.18 crore) during the first quarter of the current fiscal. Operating profit rose 65 per cent to Rs 188.43 crore (Rs 113.73 crore). Spurred by ... More

Karnataka Bank net up at Rs 51.8 cr
Driven by net interest income and higher yield on advances More

PUBLIC SECTOR BANKS
IOB not to enter stock broking
Launches syndication desk to help customers with huge loans More

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