CORPORATE RESULTS
DIVERSIFIED
Scale-up of business segments drives ITC Q2 net 13% higher
Non-cigarette biz up 17%; agri trade declines
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CEMENT
JK Cement Q2 net up 114%
JK Cement Ltd has reported a 114 per cent jump in net profit at Rs 72.7 crore(Rs 34 crore) for the quarter ended September 30. The net turnover increased by 33 per cent to Rs 356.4 crore (Rs 268.2 crore), a company release said here. The earning ...
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ENGINEERING
L&T net jumps 73% buoyed by growth in sales
Mumbai, Oct. 26 Engineering and construction company Larsen & Toubro registered a 73 per cent increase in the second quarter net profit, driving up the stock prices by Rs 420.40 or 12.16 per cent on the day. The share price closed ...
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Cummins India PBT stays flat in Q2
Pune, Oct. 26 Cummins India Ltd has reported net second quarter sales of Rs 528.2 crore, an increase of 13 per cent over Rs 467.4 crore sales for the same period last year. Net profit before tax rose by 3 per cent to Rs 91 crore against Rs ...
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FERTILISERS
Coromandel Fert Q2 net rises at Rs 66 cr
Coromandel Fertilisers Limited (CFL), an arm of the $2-billion Murugappa group, has registered a higher turnover and net profit for the second quarter ended September 30, 2007, thanks to the new initiatives in the areas of marketing, ...
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HOTELS
Room rates, occupancy prop Indian Hotels
Healthy improvement in average room rates and occupancy have led Indian Hotels Company, operators of Taj group of hotels to register a net profit growth of 15 per cent at Rs 53 crore (Rs 46 crore) for the second quarter ended September 30, ...
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PHARMACEUTICALS
GSK Pharma Q3 sales higher
GlaxoSmithKline Pharmaceuticals Ltd told the Bombay Stock Exchange that the company’s performance in the third quarter under review was not comparable to the corresponding period last year, as the company had sold its animal health business ...
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Dabur Pharma net rises 23% but sales dip
New Delhi, Oct. 26 Oncology specialist Dabur Pharma has reported a 23 per cent jump in standalone net profits of Rs 8.5 crore for the second quarter, despite a nearly 31 per cent drop in sales.The company claims this is a result of a ...
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Sun Pharma confident of closing Taro deal
‘Growth good across different segments’
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Vimta Labs Q2 net at Rs 1.6 cr
HYDERABAD: Vimta Lab’s net income nearly doubled to 1.61 crore (Rs 87 lakh) in the second quarter of current fiscal ended September 30. The company clocked Rs 21.9 crore gross revenue (Rs 18.2 crore), according to ...
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STEEL
Tata Steel posts 8% profit growth in Q2
Mumbai Oct. 26 Tata Steel, India’s biggest steel producer in the private sector, reported a modest 8.2 per cent increase in its net profit for the quarter ended September 30, 2007, on the back of a stagnant operating profit ...
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TEXTILES
Century Textiles Q2 net down
Century Textiles & Industries Ltd reported a decrease of 4.21 per cent in its net profit at Rs 71.64 crore for the quarter ended September 30, 2007 as compared to Rs 74.79 crore for the same period last year. Total income increased by 3.27 ...
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TYRES
Apollo Tyres Q2 net zooms on stable raw material prices
New Delhi, Oct. 26 Stable raw material prices have helped Apollo Tyres Ltd register a 164 per cent jump in net profit on a standalone basis (Indian operations only) for the second quarter ended September 30, 2007. The net profit for ...
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PERSONAL PRODUCTS
Colgate Palmolive net more than doubles
Market share rises to 49% in toothpaste
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SOFTWARE
i-flex net falls on higher expansion costs
Mumbai, Oct. 26 Higher costs associated with expansion and infrastructure have caused the city-based IT services firm i-flex Solutions Ltd to report a 6.5 per cent fall in net profit for the quarter ended September 30. The company, ...
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NBFCS
Pioneer Investcorp net up
Pioneer Investcorp Ltd, a financial services company, has reported a net profit of Rs 2.68 crore for the quarter ended September 2007, as against Rs 1.06 crore for the corresponding quarter ended September 2006. The total income of the company ...
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LIFE INSURANCE
ICICI Pru posts 52% rise in new premium
ICICI Prudential Life Insurance has registered a 52 per cent increase in new business premium in the first six months of the fiscal 2007-08 at Rs 2,466 crore, against Rs 1,626 crore in the corresponding period in the previous year.The ...
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PAINTS
ICI net rises 15%
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CREDIT RATING
Crisil net rises 70% at Rs 24 cr
Ratings agency Crisil Ltd has recorded a growth of 70 per cent in its net profit at Rs 24.37 crore for the quarter ended September 30, 2007, against Rs 14.35 crore in the corresponding quarter last year. The huge rise in net profits for ...
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PRIVATE BANKS
Kotak Bank net doubles on higher interest, fee income in Q2
Backed by a higher net interest income and fee-based income, Kotak Mahindra Bank has posted a 116.6 per cent growth in its standalone net profit for the quarter ended September 30, 2007 at Rs 75.38 crore, against Rs 34.80 crore in the same ...
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Federal Bank net up 37% on higher income
Plans 1:1 rights issue
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ING Vysa calls EGM to discuss pref issue
ING Vysya Bank Ltd has convened an extraordinary general body meeting on November 6 for raising its paid-up equity through a preferential allotment to the ING group and to Qualified Institutional buyers (QIB).A statement said that the ...
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City Union net rises 64%
City Union Bank’s net climbed 64.21 per cent to Rs 26.80 crore for the quarter ended September 2007 against Rs 16.32 crore during the corresponding period of the earlier fiscal.Its interest income for the just-ended quarter rose ...
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PUBLIC SECTOR BANKS
Rise in expenses weigh on Andhra Bank net
Insurance foray under serious consideration
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Syndicate Bank net up 11% on better yield on loans
Plans $125-m MTN issue and follow-on public issue
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