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Saturday, May 30, 2009
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CORPORATE RESULTS

CARS: Tata Motors Q4 net up 10% at Rs 591 cr
Telang is new Managing Director. Mumbai, May 29 Tata Motors has reported a 10 per cent growth in net profit at Rs 591 crore for the quarter ending March 31, 2009 as against Rs 536 crore in the corresponding period last year. Net income dropped ...

PETROLEUM: IOC cushioned by Govt bonds, lower fuel sale loss
Margins shrink on oil price volatility. New Delhi, May 29 Indian Oil Corporation has posted a profit during the fourth quarter of the fiscal ended March 31, 2009 as losses for selling fuel below the cost were lower compared to the same quarter ...

REAL ESTATE & CONSTRUCTION: Water biz pumps up IVRCL’s turnover; 35% growth expected in 2009-10
Hyderabad, May 29 IVRCL Infrastructures & Projects Ltd has recorded a turnover of Rs 4,983 crore on a stand-alone basis for 2008-09, up 35 per cent, as against a turnover of Rs 3,699 crore for the previous fiscal, thereby crossing ...

READYMADE GARMENTS: Gokaldas Exports Q4 net falls 45% on forex loss
Bangalore, May 29 Crippled by a forex loss of Rs 71 crore, garment exporter Gokaldas Exports has posted a 45 per cent dip in the fourth-quarter net profit at Rs 4.71 crore. Net sales for the period dropped 2.6 per cent to Rs 253.7 ...

REAL ESTATE & CONSTRUCTION: Nagarjuna Const Q4 net, turnover slip
Hyderabad, May 29 Nagarjuna Construction Co Ltd (NCCL) has seen a significant fall in both net profit and turnover for the fourth quarter ended March ...

CEMENT: Madras Cements net down 11%
Chennai, May 29 Madras Cements has reported a 11 per cent drop in net profit for the year ended March 31, 2009, as compared with the previous year due to “the steep increase in the price of ...

PETROLEUM: Oil bonds help BPCL post Rs 3,628-cr net
Mumbai, May 29 Bharat Petroleum Corporation has reported a net profit of Rs 3,628.02 crore for the quarter ended March 31, 2009, compared with Rs 58.39 crore in the corresponding period last ...

NBFCS: Sundaram Finance posts Rs 150-cr net; to pay 25% final
Chennai, May 29 Sundaram Finance Ltd has reported a net profit of Rs 150.73 crore for 2008-09 compared with Rs 212.54 crore for the previous year. However, the net profit for the previous year included a one-time profit of Rs ...

PRIVATE BANKS: LVB net rises to Rs 19.9 cr in Q4
Coimbatore, May 29 Despite odds, Lakshmi Vilas Bank has managed an appreciable growth on all fronts. The biggest challenge for the bank at this juncture, according to its Managing Director and CEO, Mr V.S. Reddy, is cutting cost on resources ...

MINERALS: NMDC net sales up at Rs 1,936 cr in Q4
Hyderabad, May 29 NMDC Ltd recorded net sales of Rs 1,936 crore for the fourth quarter ended March 31, 2009, an increase of 2 per cent over Rs 1,894 crore recorded in the same period last ...

PETROLEUM: CPCL posts Rs 397-cr loss
Chennai, May 29 Thanks to a Rs 272-crore net profit for the fourth quarter of 2008-09, Chennai Petroleum Corporation managed to limit the net loss for the full year to Rs 397 crore, against a net profit of Rs 1,123 crore for the previous ...

PLANTATIONS: Harrisons Malayalam posts flat net; to pay 15%
Kochi, May 29 Despite the marked fluctuations in the global commodity markets, the net profit of Harrisons Malayalam remained almost stagnant at Rs 6.04 crore (Rs 6.18 crore) for ...

CHEMICALS: Krebs Bio Q4 loss at Rs 14 cr
Krebs Biochemicals and Industries Ltd has posted a Rs 14-crore loss in the fourth quarter ended March 31, 2009. The revenue increased to Rs 13.65 crore (Rs 12.87 crore). For the full year, the Hyderabad-based company posted a Rs 42-crore loss. ...





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Markets (May 29)
Nifty (at close)4,448.95(+111.85)
US Dollar (Buy/Sell)47.07/08
Brent crude (a bbl) Rs3,113
Gold (a gram) Rs1,372
Silver (a kg) Rs24,865


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