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Friday, July 25, 2008
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CORPORATE RESULTS

PETROLEUM: Strong refining margins drive Reliance net up 13%
Bottomline growth, however, is lowest for several quarters. Mumbai, July 24 Reliance Industries’ net profit for the first quarter rose 13 per cent on higher revenues and strong margins from refining, its largest business. ...

CEMENT: ACC net down 22 pc on rise in input costs
Turnover drops 3%, sales volume flat. Mumbai, July 24 Bogged by steep rise in input cost, cement major ACC has reported 22 per cent fall in net profit at Rs 271 crore in the quarter ended June 30, against Rs 346 crore registered in the same ...

TELECOMMUNICATIONS: Strong subscriber base drives Airtel Q1 profits up
75.09 lakh new customers, highest in a single quarter. New Delhi, July 24 A massive increase in its subscriber base has enabled telecom major Bharti Airtel Ltd to record a 34 per cent rise in profit for the quarter ended June 30, 2008. ...

ELECTRICAL GOODS: Nippo Batteries net down in first quarter
Chennai, July 24 Nippo Batteries Ltd today reported a net profit of Rs 3.72 crore for the first quarter of the current year against Rs 4.21 crore in the corresponding quarter last ...

SOFTWARE: NIIT Q1 net up 10% on strong enrolments, school orders
NIIT Ltd on Thursday posted a 10 per cent year-on-year rise in its consolidated net profit for the first quarter ended June 2008 to Rs 17 crore, on the back of strong enrolments and large ...

TELECOMMUNICATIONS: Idea net down 14.7%
Mumbai, July 24 Expiry of concessions available on licence fee coupled with foreign exchange losses related to the rupee depreciation caused the GSM mobile operator Idea Cellular to post a 14.7 per cent dip in consolidated net profit for the ...

RADIO/TV: Zee News standalone net profit up 50 pc
Mumbai, July 24 Higher advertisement and subscription revenues helped Subhash Chandra-promoted Zee News Ltd post a nearly 50 per cent rise in its standalone net profit in the quarter ended June 30, 2008 to Rs 9.50 crore versus Rs 6.4 crore in ...

SOFTWARE: Patni net down 20% in June quarter
Mumbai, July 24 Patni Computer Services has reported a 19.5 per cent decline in consolidated net profit (as per Indian accounting standards) for the June quarter at Rs 119.1 crore as against Rs 148 crore in the corresponding year-ago ...

TYRES: MRF’s net down on cost pressures
MRF Ltd’s net profit for the April-June quarter of the current year declined to Rs 31.90 crore against Rs 42.50 crore in the corresponding quarter of last year. This was mainly because of rise in costs of key inputs such as rubber and ...

TYRES: J K Tyres Q3 net profit flat
New Delhi, July 24 J K Tyres and Industries maintained the same level of net profit, despite increasing raw material costs, at Rs 20.2 crore for the third quarter ended June 2008 as against Rs 20.1 crore in the same quarter last year, mainly ...

REAL ESTATE & CONSTRUCTION: Sobha Developers net rises
Sobha Developers has posted a 24 per cent growth in net profit at Rs 50.5 crore for the quarter ended June 30, 2008, compared to Rs 40.8 crore for the corresponding quarter last year. Total income grew 30 per cent to Rs 348.8 crore (Rs 269.3 ...

AUTOMOBILE COMPONENTS: Cummins India Q1 net up 38%
Diesel engines manufacturer Cummins India Ltd has posted a net profit of Rs 88.2 crore during the first quarter of this fiscal, up 38 per cent over the corresponding quarter last year. Net sales were Rs 707 crore, a rise of 30 per cent ...

SOFTWARE: Aztecsoft posts Rs 9 cr loss
Aztecsoft Ltd, a provider of software engineering services, reported a net loss of Rs 9.29 crore for the first quarter on revenue of Rs 76.77 crore. For the year-ago quarter, the company had reported a net profit of Rs 5.7 crore, on revenue of Rs ...

PHARMACEUTICALS: Neuland Labs net down at Rs 1 cr
Neuland Laboratories Ltd’s net profit decreased significantly at Rs 1.01 crore in the first quarter ended June 30, compared with Rs 2.78 crore in the corresponding quarter of previous financial year. Total income of the Hyderabad-based ...






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Commodities & currency (July 24)
Gold (per gram) Rs1,171
Silver (per gram) Rs26.15
Brent crude (per bbl) Rs5,283
US Dollar (Buy/Sell)42.13/14


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