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Thursday, October 30, 2008
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CORPORATE RESULTS

HCV/LCV/TRACTORS: Forex losses drag M&M profits down 21%
Co will look to tighten costs and process efficiency. Mumbai, Oct. 29 Notwithstanding the increase in sales, tractor and utility vehicle major Mahindra & Mahindra posted a 21 per cent drop in net profits at Rs 227 crore for the quarter ended ...

PETROLEUM: Other income boosts Cairn India Q3 profit
Cairn India Ltd and its subsidiaries (consolidated) clocked a 12-fold increase in net profit for the third quarter ended September 30. The net profit stood at Rs 293.32 crore for the quarter (Rs 23.24 crore in same quarter last ...

FINANCIAL SERVICES: Muthoot Capital Services net up 61% to Rs 1.36 cr
‘Company managed to restrict increase in interest expenditure’. Kochi, Oct. 29 The net profit of Muthoot Capital Services Ltd has risen by 61 per cent to Rs 1.36 crore (Rs 84.81 lakh) during the second quarter of this ...

REAL ESTATE & CONSTRUCTION: GMR Infra net declines 6% in Sept quarter
Bangalore, Oct. 29 GMR Infrastructure Ltd’s net profit has declined 6 per cent to Rs 46.58 crore for the quarter ended September 30, 2008 mainly because of a notional foreign exchange loss of Rs ...

SOFTWARE: Four Soft net surges 250%
Hyderabad, Oct. 29 Four Soft, a provider of software solutions for transport and logistics industry, has posted net sales of Rs 38.31 crore in the second quarter ended September 30, as against Rs 41.84 crore for the same period last year, ...

OUTSOURCING: Syntel raises 2008 revenue guidance
Pune, Oct. 29 Syntel, a player in the KPO segment, has recorded an 18 per cent increase in revenue for the third quarter of the current calendar ...

SOFTWARE: Subex net loss widens in Q2
Bangalore, Oct. 29 Subex Ltd, a provider of operations and business support systems for communications services providers, reported a wider net loss for the second quarter, hurt by foreign exchange losses, but maintained its outlook for the ...

NBFCS: JM Financial net up
Mumbai, Oct. 29 JM Financial has recorded an increase of 3.5 per cent in net profit for the second quarter of the fiscal, but a 53 per cent dip in its consolidated net profit for the ...

CHEMICALS: Jayshree Chem net rises 183%
Kolkata, Oct. 29 Jayshree Chemicals Ltd registered 183 per cent growth in net profit at Rs 1.19 crore for the quarter ended September 30, up from Rs 42 lakh during the corresponding quarter last year, according to a press statement issued by ...

HCV/LCV/TRACTORS: Eicher Motors posts Rs 45-cr PAT for Q2
New Delhi, Oct. 29 Eicher Motors on Wednesday reported a profit after tax (PAT) of Rs 45.2 crore for the second quarter of the current financial year as against Rs 14.1 crore in the same quarter last ...

DAIRY & DAIRY PRODUCTS: Britannia profit rises 10%
Bangalore, Oct. 29 Britannia Industries Ltd (BIL) reported a 10 per cent increase in net profit to Rs 53.30 crore for the quarter ended September ...

MEDICAL INSTITUTIONS & HOSPITALS: Fortis eyes acquisitions; Q2 net profit at Rs 10 cr
Fortis Healthcare Ltd on Wednesday said it was looking to acquire hospitals, including in international markets, to take its total bed capacity from 2,500 to 3,000 by the end of the financial ...





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Markets (Oct 29)
Nifty (at close)2697.05(+12.45)
US Dollar (Buy/Sell)49.80/82
Brent crude (a bbl) Rs3,058
Gold (a gram) Rs1,129
Silver (a kg) Rs16,605


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