CORPORATE RESULTS
OUTSOURCING
Allsec net hit by rupee rise, increased expenditure
Chennai, Oct. 29 Rupee appreciation, wage inflation and increased expenditure have together dented Allsec Technologies’ net sales as well as net profit for the quarter ended September 2007. The company incurred expenditure of Rs ...
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Firstsource net jumps 143%
Mumbai, Oct. 29 City-based pure play BPO firm Firstsource Solutions has reported a 143 per cent rise in its net profit for the quarter ended September 30 to Rs 45.6 crore as against Rs 18.7 crore in the corresponding quarter a year ...
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AIRLINES
Jet Q2 net at Rs 28 cr on improved load factor
An eight per cent drop in unit cost and improved load factor has led Jet Airways to post a net profit of Rs 28 crore for the second quarter ended September 30, as against a net loss of Rs 55 crore in the same quarter a year ago. Total ...
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PESTICIDES
United Phosphorus in red
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PETROLEUM
HPCL Q2 net dips 30% on global crude price surge
New Delhi, Oct 29 Hindustan Petroleum Corporation Ltd’s (HPCL) performance in the second quarter ended September 30, 2007 has been impacted by high international crude prices and no change in the domestic retail selling price (RSP) of ...
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PHARMACEUTICALS
Granules Q1 net at Rs 2.02 cr
Granules India Ltd’s net profit decreased marginally to Rs 2.02 crore in the first quarter ended September 30, as against Rs 2.04 crore in the corresponding period previous fiscal. The net sales grew by 10 per cent to Rs 50.03 crore (Rs ...
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Divi Labs PAT up at Rs 91 cr
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STEEL
JSPL Q2 up 76%
New Delhi, Oct 29 Buoyant sales in steel products has pushed Jindal Steel and Power Limited’s (JSPL) net profit for the second quarter ended September 30, 2007 up by 76.47 per cent to Rs 277.47 crore. JSPL for the corresponding previous ...
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Steel sector boom propels Ferro Alloys Q2 net profit
New Delhi, Oct. 29 The surge in the steel sector has helped Ferro Alloys Corporation (FACOR) record a 248.05 per cent rise in its net profit for the second-quarter ended September 30, 2007. The group’s net profit was at Rs 43.75 crore ...
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SUGAR
EID Parry Q2 net down on low prices
Chennai, Oct. 29 EID Parry (India) Ltd, the Murugappa Group company, has been hit by low sugar prices in the domestic and international market and reported a loss despite higher volumes of sugarcane crushing and sugar production.The ...
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TEA
Tata Tea dips 43% on interest costs
Mumbai Oct 29 Tata Tea on Monday reported a 43-per-cent dip in its consolidated net profit for the second quarter of the current fiscal to touch Rs 109 crore, as against Rs 194 crore in the year ago quarter.This was mostly on account of ...
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AUTOMOBILE COMPONENTS
Sundram Fasteners Q2 net rises, to pay 45% interim
Sundram Fasteners Ltd recorded total sales and other income of Rs 597.09 crore for the half year ended September 30, 2007 as against Rs 605.02 crore achieved during the same period in the previous year.Export sales for the period were ...
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HCV/LCV/TRACTORS
M&M Q2 net dips 26%
Tractor sales, capex on expansion hit profits
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ELECTRICAL GOODS
BHEL Q2 net zooms 91%
New Delhi, Oct. 29 Bharat Heavy Electricals Ltd (BHEL) has reported a 91.01 per cent rise in the net profit for the second quarter ended September 30, 2007. BHEL’s net profit for the second quarter of the current fiscal was at Rs 687.7 ...
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FOODS & FOOD PROCESSING
Agro Tech PAT up at Rs 3.7 cr in Q2
Hyderabad, Oct. 29 In tune with its strategy to exit from the commodities business and increase its exposure to branded foods, Agro Tech Foods Ltd (AFTL) has reported a lower turnover in the second quarter of fiscal 2007-08, while increasing ...
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GEMS & JEWELLERY
Titan Ind net profit rises 44%
‘Strong presence across segments, retail network’
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MEDICAL INSTITUTIONS & HOSPITALS
Fortis Q2 health weakens with Rs 26.7 cr net loss
New Delhi, Oct. 29 The Ranbaxy-promoted Fortis Healthcare has reported a net loss of Rs 26.7 crore for the second quarter ended September 30. Last fiscal, the company had reported a loss of Rs 20.36 crore for the same quarter. Net sales ...
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HOUSING FINANCE
HDFC spreads seen improving
Net up 76% on Intelenet sale
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PRIVATE BANKS
J&K Bank Q2 net up 30% on higher volumes
New Delhi, Oct 29 J&K Bank has reported a 29.95 per cent increase in net profit for the second quarter ended September 30 at Rs 107.80 crore as compared to net profit of Rs 82.95 crore recorded in the same quarter last year.Net ...
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PUBLIC SECTOR BANKS
PNB net profit rises 7%; to focus on NPA recovery
New Delhi, Oct. 29 Higher pressure on margins notwithstanding, Punjab National Bank (PNB) has reported a 6.63 per cent increase in net profit for the quarter ended September 30, 2007 at Rs 538.48 crore as compared to net profit of Rs 504.99 ...
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Cost of deposits pulls down Oriental Bank net profit
New Delhi, Oct. 29 Oriental Bank of Commerce (OBC) has reported a 29.86 per cent decline in net profit for the quarter ended September 30, 2007 at Rs 175 crore compared with Rs 249.51 crore recorded in the same quarter last ...
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Bank of India’s net doubles on all round growth
Mumbai, Oct. 29 Bank of India’s net profit has surged by 100 per cent for the quarter ended September 30, to Rs 425 crore from Rs 212 crore in the same quarter last year. The growth was due to a rise in interest income and robust growth ...
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