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CORPORATE RESULTS
PETROLEUM:
Reliance Q2 net rises 7%; refining margins thin
Mumbai, Oct. 23 Reliance Industries said its second quarter net profit rose 7 per cent, the lowest for any quarter in two and a half years as narrowing refining margins muted ...
CEMENT:
Higher input costs drive down ACC’s net profit
‘Decline in cement consumption likely’. Mumbai, Oct. 23 Saddled by the rise in input cost and taxes, ACC Ltd has reported a 3 per cent drop in standalone net profit at Rs 284 crore in the quarter ended September 30, against Rs 292 ...
DIVERSIFIED:
Input costs, Re dip dent Grasim’s net
Revenues go up 13%. Mumbai, Oct 23 The marked slowdown in the economy has taken its toll on both cement and viscose staple fibre (VSF) business of Grasim Industries which has reported a 22 per cent drop in net profit at Rs 486 crore in the ...
PUBLIC SECTOR BANKS:
Vijaya Bank seeks Rs 800 cr from Govt
Net profit declines; cost of working funds rises. Bangalore, Oct. 23 Public sector Vijaya Bank has approached the Government for capital funds amounting to Rs ...
PHARMACEUTICALS:
Dr Reddy’s Q2 net profit dips 52%, turnover rises 30%
Co to focus on cost-cutting, operational efficiencies. Hyderabad, Oct 23 Pharma major Dr Reddy’s Laboratories Ltd’s net profit declined 52 per cent at Rs 120 crore in the second quarter ended September 30, 2008 compared to Rs 252 ...
PHARMACEUTICALS:
33% rise in Zydus Cadila net
During the second quarter ended September 30, Cadila Healthcare Ltd (Zydus Cadila) reported a total income of Rs 741 crore, up by 22 per cent from Rs 610 crore in the corresponding quarter of the previous year, on a consolidated basis. The PBIDT ...
TYRES:
Apollo Tyres net profit down 85%
A sharp increase in crude and natural rubber prices plunged Apollo Tyres standalone net profit by 85 per cent to Rs 7.8 crore for the second quarter ended September 30 as against Rs 51.1 crore during the corresponding quarter last fiscal. ...
ENGINEERING:
Punj Lloyd Q2 net increases 60%
Engineering and construction firm Punj Lloyd on Thursday reported a 60 per cent jump in consolidated net profit at Rs 144.12 crore for the quarter ended on September 30, 2008, as against a consolidated net profit of Rs 89.4 crore in the same ...
TEA:
Harrisons Malayalam net zooms
Harrisons Malayalam Ltd, an RPG group company, has posted high turnover and profits during the first half of the current fiscal. The Kerala-based plantation company has achieved a turnover of Rs 89.23 crore for the quarter ending September 30, ...
PETROLEUM:
GAIL Q2 net rises 79% on higher earnings from gas transmission, LPG
Higher earnings from gas transmission, LPG and liquid hydrocarbons, and natural gas trading business boost public sector, GAIL (India) Ltd’s performance during the second quarter of the current ...
PUBLIC SECTOR BANKS:
Dena Bank net up 12% on higher interest income
Mumbai, Oct. 23 Dena Bank’s net profit rose 12 per cent to Rs 102.83 crore for the quarter ended September 30, 2008 mainly due to a 23-per cent growth in net ...
CEMENT:
Interest, fuel costs hit Madras Cements net
Chennai, Oct. 23 Madras Cements’ net profit dropped by 6 per cent during the second quarter ended September 30, 2008, over the corresponding period in the previous year on high interest and fuel ...
PAPER, BOARD & NEWSPRINT:
Orient Paper net down 23%
Mumbai, Oct. 22 Hit by high input costs, Orient Paper and Industries Ltd, a C.K. Birla Group company, has reported a 23 per cent drop in net profit at Rs 45 crore in the second quarter ended September 30 against Rs 48 crore registered in the ...
AUTOMOBILE COMPONENTS:
Sundaram-Clayton to make engines
Chennai, Oct 23 Chennai-based Sundaram-Clayton Ltd has announced that it would get into the manufacture of internal combustion engines, initially for stationary application such as gensets and later for off-high way vehicles such ...
TWO/THREE WHEELERS:
Bajaj Auto net profit down 22% on VRS payout
Pune, Oct. 23 Two-wheeler major Bajaj Auto Ltd posted a Q2 net profit of Rs 185 crore, a decrease of 22 per cent over Rs 238 crore posted in the corresponding quarter of ...
SOFTWARE:
Educomp net jumps 119%
New Delhi, Oct. 23 Educomp Solutions has reported a 119 per cent jump in net profit at Rs 28.8 crore for the second quarter for the fiscal 2008-09 as against Rs 13.1 crore in the corresponding quarter last ...
FINANCIAL SERVICES:
Edelweiss Capital Q2 standalone net profit drops 33%
Mumbai, Oct. 23 Edelweiss Capital has recorded a 33 per cent decline in its standalone net profits for the quarter ended September ...
PRIVATE BANKS:
City Union Bank net rises 41%
Coimbatore, Oct 23 Although a 40 per cent growth in net profit is in line with the performance of its peers, Kumbakonam-headquartered City Union Bank perceives that its ALM (Asset Liability Management) strategy has been planned well and ...
SOFTWARE:
Infotech Q2 net rises 38%
Hyderabad, Oct. 23 Infotech Enterprises has posted revenue of Rs 221.42 crore in the second quarter ending September 30, as against Rs 161 crore in the same quarter last year, showing a growth of 37.5 ...
ENGINEERING:
AIA Engg sales, PAT up in Q2
Ahmedabad, Oct. 23 AIA Engineering Ltd, manufacturer of high chrome mill internals, has recorded consolidated net sales of Rs 286.07 crore, an increase of about 77 per cent, in the second quarter ended September 30, 2008, compared with Rs ...
SOFTWARE:
Tanla Solutions net up 93 pc
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