Financial Daily from THE HINDU group of publications
Saturday, January 21, 2006
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CORPORATE RESULTS

DIVERSIFIED


ITC net climbs 25% to Rs 582 crore — Non-cigarette topline accounts for 49% of net sales
ITC Ltd, for the quarter ended December 31, 2005, has registered a 24.8 per cent increase in its post-tax profit (before exceptional items) to Rs 582.27 crore (Rs 466.70 crore). Pre-tax profits for the quarter at Rs 842.58 crore have shown a ... More

FINANCIAL SERVICES


IL&FS Investsmart posts higher net
MUMBAI: IL&FS Investsmart Ltd (IIL), on Thursday, reported a profit after tax of Rs 19.31 crore for the quarter ended December 31, 2005, an increase of 116 per cent from the corresponding quarter last year. Total income rose by 64 per ... More

ENGINEERING


TIL Q3 profit up
KOLKATA: TIL Ltd has registered a profit before tax of Rs 3.70 crore (Rs 2.04 crore) in the third quarter of 2005-06, marking a growth of 81 per cent. Net sales of the company increased to Rs 115.25 crore (Rs 82.14 crore). ... More

HOTELS


Indian Hotels Q3 net up 76 pc on higher room revenues
ROBUST business in food and beverages and banqueting and a healthy growth in room revenues helped Indian Hotels Company Ltd (IHCL) report a net profit of Rs 61.54 crore in the quarter ended December 31, 2005. This was a 76.33 per cent growth on ... More

PHARMACEUTICALS


Shasun Chemicals net up 43 pc
CHENNAI: Shasun Chemicals and Drugs has reported 43 per cent rise in net profit at Rs 12.90 crore (Rs 9.01 crore) for the third quarter ended December 2005. Net sales grew by 33 per cent to Rs 98.41 crore (Rs 73.88 crore). Profit ... More

POWER


Tata Power net soars 66 pc in Q3
TATA Power's net profit for the third quarter of the current fiscal grew by 65.8 per cent. Its profitability was due largely to one-time gain from sale of some its businesses during the quarter. Improved sales and fuel savings resulting from ... More

STEEL


Mukand net rises 43 pc
MUMBAI: Mukand Ltd, speciality and alloy steel manufacturer, has recorded a 43 per cent increase in its December 2005 quarter profit after tax at Rs 88.70 crore (Rs 61.85 crore). An exceptional item of Rs 69.85 crore helped the increase ... More

JSW Steel net down 38 pc on lower prices
JSW Steel Ltd has reported a 38.16 per cent decline in net profit for the quarter ended December 31, 2005, to Rs 139.20 crore from the previous corresponding Rs 225.11 crore. At a press briefing, senior company officials cited lower steel ... More

SUGAR


EID Parry third quarter turnover, net up
CHENNAI: The turnover of E.I.D.- Parry (India) Ltd for the quarter ended December 31, 2005 stood at Rs 223.04 crore (Rs 189.17 crore). The profit before tax was Rs 38.22 crore, including Rs 22.85 crore representing profit on sale of share ... More

TEXTILES


Indo Rama Q3 net down 78 pc
NEW DELHI: Polyester-manufacturer Indo Rama Synthetics Ltd (IRSL) on Friday reported a 78.39 per cent dip in net profit at Rs 4.63 crore (Rs 21.43 crore) for the third quarter ended December 31, 2005. The gross sales dipped 16.5 per ... More

CARS


Higher sales, cost cutting measures drive Maruti's Q3 net up 41 pc
MARUTI Udyog Ltd today reported a 41.5 per cent growth in net profit at Rs 339 crore for the quarter ended December 31, 2005, compared with Rs 239.66 crore earned in the corresponding quarter last year, aided by higher operational efficiency, ... More

HCV/LCV/TRACTORS


Escorts Sept quarter net up at Rs 165 cr
ESCORTS Ltd on Friday announced an increase in net profit at Rs 165.30 crore for the quarter ended September 30, 2005, compared to a net loss of Rs 26.29 crore during the same quarter in previous fiscal. Total income increased to Rs 683.86 crore ... More

SOFTWARE


Satyam Q3 net rises 64 pc; ups guidance
REFLECTING the growth momentum of technology majors, Satyam Computer Services Ltd has announced robust numbers scaling up the year outlook, while indicating this trend would continue to take it past the $1 billion mark. During the third ... More

Fall in products biz dents Sasken Q3 net
A SHARP decline in its products business impacted Sasken Communication Technologies Ltd's profits for the third quarter-ended December, 2005. Sasken's consolidated net profit for the quarter dropped by 87 per cent year-on-year to Rs 18 lakh as ... More

METALS


Vedanta Resources sees 78 pc rise in Q3 group revenues
GROUP revenues of Vedanta Resources Plc for the third quarter were $974.7 million, higher by 78 per cent over the year-ago period. For the nine-month period revenues grew by 92 per cent to $2359.3 million. Higher production volumes with ... More

PRIVATE BANKS


Retail lending pushes ICICI Bank net up 24% — Deposits register 63 pc growth
ICICI Bank has reported a 24 per cent increase in net profit for the third quarter ended December 31, 2005, driven by increased retail lending, higher net interest income, and higher fee income. Net profit for the quarter rose to Rs 640 crore ... More

ING Vysya Bank sells stake in ING Investment Management
THE ING Vysya Bank has decided to sell its stake in the ING Investment Management (India) Company Pvt Ltd.The decision was made at the ING Vysya Bank board meeting on Thursday.Currently ING Vysya Bank holds 17.6 per cent stake in ING Investment ... More

PUBLIC SECTOR BANKS


United Bank of India records Rs 175-cr net
UNITED Bank of India (UBI) has recorded a net profit of Rs 175.42 crore during April-December 2005 as against Rs 165.97 crore posted during the corresponding period of the previous year. The bank reported an increase in operating profit to Rs ... More

FINANCIAL INSTITUTIONS


IDFC posts PAT of Rs 89 cr in Q3
INFRASTRUCTURE Development Finance Company Ltd (IDFC) has posted a profit after tax of Rs 89.4 crore for the quarter ended December 31, 2005 (Q3 FY 05-06) as compared to Rs 80.27 crore for the year-ago period. Total income increased to Rs ... More



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