Business Daily from THE HINDU group of publications
Tuesday, January 29, 2008
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CORPORATE RESULTS

TELECOMMUNICATIONS
VSNL third-quarter profit falls 93%
Mumbai, Jan. 28 Videsh Sanchar Nigam Ltd (VSNL) has reported about a 93.2 per cent dip in standalone net profit for the third quarter ended December 31, 2007 to Rs 9.52 crore against Rs 142 crore recorded in the same quarter a year ago. ... More

AIRLINES
Costlier fuel, new hires dent Jet Airways
Rs 91-cr loss in Q3; start-up losses may delay profitability More

AUTOMOBILES
Hind Motors posts Rs 28.76-cr net
Kolkata, Jan. 28 Hindustan Motors Ltd (HM) has posted a net profit of Rs 28.76 crore during the quarter ended December 31, 2007 compared with a loss of Rs 13.85 crore recorded during the corresponding period of 2006.According to a ... More

ENGINEERING
L&T net leaps 40% in third quarter
On improved cost management, judicious selection of orders More

Better mix, overseas orders bolster L&T earnings
Higher growth guidance for the year More

FOOD & DAIRY PRODUCTS
Higher realisations boost Britannia Q3 net
Bangalore, Jan. 28 Britannia Industries Ltd has posted a 176 per cent increase in net profit to Rs 45.4 crore during the third quarter of 2007-08 because of higher price realisation.A press statement from the company said net sales ... More

HOTELS
Indian Hotels Q3 net up 31% on occupancy
Mumbai, Jan. 28 The Indian Hotels Co Ltd, which owns the Taj Group of hotels, reported a 31 per cent rise in its net profit for the third quarter of the current fiscal to touch Rs 134.58 crore, against Rs 102.56 crore in the corresponding ... More

PETROLEUM
HPCL suffers loss of Rs 15.73 cr in Q3
High crude, product prices hit profitability More

Andhra Petro net falls to Rs 8.9 cr
More

PHARMACEUTICALS
Divi’s Lab net up at Rs 99 cr
Hyderabad, Jan 28 Divi’s Laboratories Ltd has posted 216 per cent increase in its net profit at Rs 99 crore in the third quarter ended December 31, 2008 compared with Rs 31 crore in the same period of the previous fiscal. The earnings ... More

STEEL
Jindal Steel net rises 68%
More

High input costs bring JSW Steel Q3 net down 9%
Efficiencies in yield, consumption neutralise impact More

TEA
Tata Tea Q3 net down 37 pc
Mumbai, Jan. 28 Packaged tea maker Tata Tea Ltd, also owner of the Tetley brand, reported a 37.5 per cent dip in its third quarter standalone net profit to touch Rs 58.38 crore (Rs 94.2 crore).However, the profit excluding exceptional ... More

TEXTILES
Arvind Mills Q3 net rises 54%
Mumbai, Jan. 28 Textile company Arvind Mills Ltd has posted a net profit of Rs 5.67 crore for the December quarter, up 54 per cent compared with Rs 3.69 crore of the same period the previous year, excluding extraordinary items. The ... More

GHCL net increases 6.49%
New Delhi, Jan. 28 Home textile and soda ash firm GHCL Ltd on Monday reported a 6.49 per cent rise in its net profit for the quarter ended December 31, 2007 at Rs 32.17 crore compared with Rs30.21 crore for the same period last year. ... More

AUTOMOBILE COMPONENTS
Sundram Fasteners Q3 net down at Rs 18.04 cr
Chennai, Jan. 28 Sundram Fasteners has reported a lower net profit of Rs 18.04 crore for the third quarter of the current fiscal compared with Rs 20.94 crore for the corresponding quarter of last year. This was in line with the fall in export ... More

SOFTWARE
HCL Info net rises 7% on system integration biz
Completes realignment of Nokia distribution business More

Zensar Tech Q3 net up at Rs 15 cr
Pune, Jan. 28 Zensar Technologies, a software and BPO player, has recorded a net profit of Rs 15.02 crore and revenues of Rs 199.20 crore for the third quarter ended December 2007. The company had recorded a net profit of Rs 13.22 crore ... More

Zylog clocks 36% rise in Q3 net
Zylog Systems Ltd, a Chennai-based software service provider, has reported a net profit of Rs 23.44 crore for the third quarter ended December 31, 2007, a 36.2 per cent growth over Rs 17.21 crore registered in the corresponding quarter last year. ... More

IT TRAINING
Educomp Q3 profit rises
Educomp Solutions, an e-learning provider, has registered a 131.62 per cent rise in its net profit at Rs 19.01 crore for the third quarter ended December 31, 2007 from Rs 8.20 crore in the corresponding quarter last year. It has posted an ... More

PAPER, BOARD & NEWSPRINT
JK Paper Q2 net profit declines
More

TRADING
STC hopeful of exceeding turnover target
Records turnover of Rs 11,089 crore in April-December 2007 More






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