The Hindu Business Line : Thursday, July 31, 2008

CORPORATE RESULTS

CARS: Tata Motors net slips 30% on input cost rise, forex fluctuations
Sales of commercial vehicles up, passenger cars flat. Mumbai July 30 Volatility in foreign exchange rates, inflationary pressures and a steep increase in input costs pulled down automobile major Tata Motors’ net profit for the quarter ...

CARS: M&M Q1 net down 17%
To merge Punjab Tractors with itself. Mumbai, July 30Tractor and utility vehicle major Mahindra and Mahindra reported a 17 per cent fall in the first quarter net profit. According to the company, the fall in profits is mainly on account of ...

PETROLEUM: IOC first quarter profit slides 71% at Rs 415 cr
New Delhi, July 30 Indian Oil Corporation Ltd’s (IOC) continued good performance in the physical business was not enough to better its financial performance, with the company reporting a 71 per cent decline in net profit for the first ...

DIVERSIFIED: ITC net dips on excise duty hike on cigarettes
Turnover up 18%, non-cigarette biz grows 29%. Kolkata, July 30 ITC Ltd reported 4 per cent drop in net profit at Rs 748.67 crore for the quarter ended June 30, 2008, from Rs 782.87 crore during the corresponding quarter of last ...

SOFTWARE: Hexaware to trim workforce by 5%
Fall-out of low utilisation rates, delay in deals. Mumbai, July 30 Hexaware Technologies is likely to end the year with a 4.5 per cent reduction in its workforce. ...

SOFTWARE: Rolta India sees opportunities in power plant design space
Govt’s plans for nuclear power, defence offer big opportunities. Mumbai, July 30With the Indo-US nuclear deal back on track, city-based technology firm Rolta India aims to double revenues from its power plant design & automation ...

PUBLIC SECTOR BANKS: PNB’s net rises 21% in Q1
New Delhi, July 30 Punjab National Bank has reported a 20.6 per cent increase in net profit in the first quarter of the current fiscal to Rs 512.40 crore (Rs 425.07 crore). Total income of the bank for the period under review increased to Rs ...

DIVERSIFIED: GHCL net up 20% at Rs 38 cr

HARDWARE: MIC Electronics net, turnover up

OILSEEDS & EDIBLE OIL: KS Oils net rises 75%
KS Oils Ltd, a leading integrated edible oil manufacturing and leader in the packaged mustard oils business, reported a 75 per cent increase in its net profit at Rs 41.02 crore during the first quarter this fiscal as against Rs 23.5 crore for the ...

SHIPPING: Mundra Port & SEZ net zooms
Favourable market conditions and increased movement of goods and services saw Mundra Port and SEZ Ltd record 397 per cent increase in net profit as its revenues increased by 118 per cent in the first quarter ended June 30, 2008, compared with the ...

HOTELS: Marginal rise in Taj-GVK net
Taj-GVK Hotels and Resorts Ltd has registered a total income of Rs 58.75 crore in the first quarter ended June 2008 as against Rs 56.72 crore in the same quarter last year, showing a marginal increase of 3.5 per cent. The net profit was Rs 15.09 ...

PHARMACEUTICALS: Vimta Labs net up at Rs 1.60 cr
Vimta Labs’ net profit increased 84 per cent at Rs 1.60 crore in the first quarter ended June 30, 2008 compared with Rs 87 lakh in the corresponding quarter of previous fiscal. This was driven by increase in revenue to Rs 21.2 crore (Rs ...

REAL ESTATE & CONSTRUCTION: Sadbhav Q1 up 33%

CEMENT: JK Lakshmi Cement PAT at Rs 38 cr
JK Lakshmi Cement has reported gross sales of Rs 314.57 crore for the first quarter of the current fiscal as against Rs 311.52 crore in the same quarter last year. The operating profit for the quarter came down to Rs 64.96 crore against Rs 88 ...

PAINTS: Berger Paints Q1 sales up 25 %
Berger Paints has reported a 25 per cent growth in sales at Rs 378 crore and 16.5 per cent in PAT at Rs 23.17 crore during the first quarter to June 30, 2008, despite “spiralling material costs,” the company said on Wednesday. Earlier ...

READYMADE GARMENTS: Marginal rise in Gokaldas net

REAL ESTATE & CONSTRUCTION: GMR Infra net dips 41% despite higher income
Bangalore, July 30 Even as its total income grew 76.88 per cent to Rs 994.77 crore during the first quarter of the current fiscal, GMR Infrastructure Ltd’s (GIL) net profit for the period saw a steep decline of 41.44 per cent to Rs 40.69 ...

REAL ESTATE & CONSTRUCTION: IVRCL group turnover up at Rs 1,065 cr
Hyderabad, July 30 The IVRCL group achieved a turnover of Rs 1,065 crore in the first quarter ended June 2008 as against Rs 766 crore in the same quarter last year, registering a growth of 39 per cent, Mr E. Sudhir Reddy, Chairman and Managing ...

MEDICAL INSTITUTIONS & HOSPITALS: Fortis plans international foray; declares profit for first time
New Delhi, July 30 After expanding its network to 22 hospitals in the country, Fortis Healthcare Ltd is now looking to foray in international markets. The company is eyeing developing countries in Africa, Latin America and Asia for a possible ...

CEMENT: India Cements sales rise; net down on higher tax, forex losses
Chennai, July 30 “Unabated demand for cement,” increased blending and higher prices have contributed to India Cements holding on to margins, according to Mr N. Srinivasan, Vice-Chairman and Managing ...

REAL ESTATE & CONSTRUCTION: Unitech Ltd net profit up 16% in Q1
New Delhi, July 30 Real estate company Unitech Ltd on Wednesday posted nearly 16 per cent year-on-year rise in consolidated net profit for the first quarter ended June 2008, to Rs 423.31 crore, as an “aged” land bank acquired at ...

ELECTRICAL GOODS: V Guard Q1 net profit rises 12%
The net profit of V Guard Industries Ltd has grown by 11.9 per cent to Rs 5.7 crore (Rs 5.09 crore) for the first quarter of the current fiscal. The profit before tax was up 9 per cent at Rs 8.55 crore (Rs 7.83 crore). The earnings per share ...

HOTELS: Royal Orchid net up 9% at Rs 6.76 cr
Bangalore, July 30 Despite a marginal setback in occupancies, which has been the case across the hospitality sector, Royal Orchid Hotels Ltd has, on a consolidated basis, posted a 35 per cent increase in total income to Rs 39.22 crore for the ...

PHARMACEUTICALS: Torrent Pharma’s Q1 profit up 84%
Ahmedabad, July 30 Ahmedabad-based pharma major, Torrent Pharmaceuticals Ltd, reported a jump of 84 per cent in its consolidated net profit for the quarter ended June 2008 at Rs 49 crore (Rs 27 ...

PAPER, BOARD & NEWSPRINT: Orient Paper shows marginal rise in profit
New Delhi, July 30 Orient Paper and Industries, a Birla group company, has reported a marginal rise in its net profit at Rs 46.11 crore for the quarter ended June 30, 2008 as against Rs 44.6 crore the corresponding period last ...

SOFTWARE: MRO-TEK Q1 net down 12.5%
Bangalore, July 30 MRO-TEK, the Bangalore-based manufacturer of access networking devices, reported a 12.5 per cent drop in first quarter net profit, hurt largely by loss on foreign exchange fluctuations, sending shares down 1.5 per ...

ENGINEERING: Punj Lloyd net up 88% on higher orders
New Delhi, July 30 Buoyed by higher orders, Punj Lloyd Ltd on Tuesday announced an 88 per cent jump in consolidated net profit for the first quarter of the current fiscal at Rs 112 crore, up from Rs 59.5 crore during the corresponding quarter ...

REAL ESTATE & CONSTRUCTION: Puravankara consolidated net up 41%
Bangalore, July 30 Natural hedging is an important part of our strategy for a good performance, said Mr Ravi Ramu, Director, Puravankara Projects. “This has helped us keep our margins in the face of what happened in the real estate ...

HCV/LCV/TRACTORS: Escorts posts Rs 9.3-cr net on high sales
New Delhi, July 30 Higher sales has led tractors and farm equipment company Escorts record a net profit of Rs 9.3 crore for the quarter ended June 30, 2008, against a loss of Rs 6.2 crore in the corresponding quarter the previous fiscal. ...

REAL ESTATE & CONSTRUCTION: Omaxe’s Q1 net dips 23% on high input costs
New Delhi, July 30 The Delhi-based real estate company Omaxe Ltd has posted nearly 23 per cent drop in its net profit for the first quarter ended June 2008 to Rs 56.6 crore, as rising input costs and higher finance costs impacted ...

SOFTWARE: Tulip Telecom profit up 61%
New Delhi, July 30 Enterprise communications service provider Tulip Telecom Ltd on Wednesday reported a 61 per cent increase in its net profit to Rs 45.96 crore for the quarter ended June 30, 2008 against Rs 28.54 crore in the same quarter ...

PRIVATE BANKS: DCB net down 5% in Q1 on provisioning
Mangalore, July 30 The private sector Development Credit Bank (DCB) recorded a net profit of Rs 5.44 crore in the first quarter of 2008-09 against Rs 5.74 crore in the corresponding period of the previous fiscal, registering a decline of 5.23 ...

PHARMACEUTICALS: Forex losses drag down Aurobindo net by 73%
Aurobindo Pharma Ltd’s net profit decreased 73.3 per cent at Rs 16.4 crore in the first quarter ended June 30 compared with Rs 61.7 crore in the corresponding quarter of previous ...

CEMENT: Madras Cements net up on better efficiencies
Higher cost efficiencies and productivity have contributed to a growth in net profits for Madras Cements. According to a press release from the company, Madras Cements has posted a 13 per cent growth in net profit for the first quarter this year ...

CHEMICALS: Tata Chem net drops 52 pc
Mumbai, July 30 Tata Chemicals has posted a 52 per cent drop in net profit at Rs 59 crore in quarter ended June 30, against Rs 121 crore logged in the same period last year. Total income rose 82 per cent to Rs 1,237 crore (Rs 681 crore). ...

SOFTWARE: Megasoft Q2 profit up 28%
Hyderabad, July 30 Megasoft has recorded revenues of Rs 84.98 crore with a profit of Rs 12.13 crore for the second quarter ended June 30, 2008, a growth of 41-per cent in revenues and 28-per cent in profit against revenues of Rs 60.11 crore ...

NEWSPAPERS & PUBLISHING: Jagran Prakashan Q1 net declines
New Delhi, July 30 Media company Jagran Prakashan’s profits during the first quarter were down 8.82 per cent to Rs 31.65 crore compared to the corresponding quarter the previous year. ...

STEEL: VISA Steel net zooms to Rs 48 cr
Kolkata, July 30 VISA Steel Ltd has posted a net profit of Rs 48.51 crore during the first quarter of 2008-09. This marks a growth of 846 per cent over the net profit of Rs 5.13 crore during the corresponding period of 2007. ...

FERTILISERS: RCF Q1 net triples on better sales
Mumbai, July 30 Rashtriya Chemicals and Fertilisers Ltd has nearly tripled its net profit to Rs 19 crore for the quarter ended June 30, from Rs 7 crore for the same period last year. ...

CEMENT: India Cements: Maintaining margins
For the first quarter of FY09, India Cements recorded a 17 per cent increase in its earnings before interest, depreciation and tax with net sales rising over 17 per cent. ...