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CORPORATE RESULTS
PUBLIC SECTOR BANKS:
Rise in fee-based income lifts Bank of Baroda net
Net interest income grows by 10%; MTM losses at Rs 181 cr. Mumbai, July 29 Despite a sharp increase in provisions and contingencies, Bank of Baroda’s first quarter net profit rose 12.1 per cent as fee-based earnings grew ...
PHARMACEUTICALS:
Ranbaxy consolidated Q2 profit flat at Rs 160 cr
Pharma major confident of resolving US probe. Ranbaxy Laboratories on Tuesday reported consolidated profit of Rs 160.8 crore for its second quarter ended June 30 compared with Rs 160.4 crore for the corresponding quarter last year. ...
PHARMACEUTICALS:
Wockhardt consolidated net slips on high interest costs
Consolidated sales up 48% in second quarter. Mumbai, July 29 Drug-maker Wockhardt Ltd saw a 6.3 per cent drop in its consolidated net profit for the three months ended June 30, 2008, due to the interest cost on loans taken to service the ...
PHARMACEUTICALS:
Cadila Q1 net up 21%
Zydus Cadila reported a net profit of Rs 90 crore (Rs 74 crore), up 21 per cent for the first quarter ended June 2008. Driven by a 60 per cent growth in formulation exports, the consolidated income rose to 714 crore (Rs 572 crore), up 25 per ...
REAL ESTATE & CONSTRUCTION:
Akruti City’s net zooms
Mumbai-based real estate developer Akruti City, on a consolidated basis, has posted a 284 per cent growth in net profit at Rs 170.90 crore for the quarter-ended June 30, against Rs 44.48 crore logged in the same period a year ago. Total income ...
PERSONAL PRODUCTS:
Godrej Ind net rises 69%
On a consolidated basis, Godrej Industries has posted a 69 per cent increase in net profit at Rs 53 crore (Rs 31 crore). Total income stood rose to Rs 841 crore from Rs 675 crore during the first quarter. However, on a standalone basis, its net ...
AIRLINES:
Jet Airways Q1 net jumps four-fold to Rs 143 cr
Reversal of depreciation keeps company in black. Jet Airways has reported a four-fold increase in net profit for the first quarter, chiefly due to a reversal of depreciation charged in earlier ...
PUBLIC SECTOR BANKS:
Corporation Bank net up 4%; provisioning hurts
New Delhi, July 29 A higher provisioning due to depreciation in its government securities portfolio has pulled down the bottomline growth of Corporation Bank in the first quarter of the current fiscal. ...
PUBLIC SECTOR BANKS:
Syndicate Bank net dips 60% on Rs 260-cr depreciation
Bangalore, July 29 Public sector Syndicate Bank’s net profit dropped 60 per cent in the first quarter (Q1) of the current financial year, 2008-09, weighed down by depreciation in ...
PETROLEUM:
HPCL net loss widens in Q1 on crude price rise
New Delhi, July 29 Soaring crude and petroleum product prices have taken their toll on the financial performance of public sector refining-cum-retailing company Hindustan Petroleum Corporation Ltd (HPCL). ...
PETROLEUM:
GAIL net up 31% on petrochem, gas trading biz
New Delhi, July 29 A higher revenue from petrochemicals and gas trading and transportation business has boosted GAIL (India) Ltd’s net profit for the first quarter of the current fiscal by 31 per cent. ...
TWO/THREE WHEELERS:
Hero Honda net up 44% on higher sales
New Delhi, July 29 Hero Honda’s net profit ballooned 44 per cent on back of robust sales and tax advantage garnered from its new facility in Haridwar, at Rs 272.8 crore for the first quarter of the current fiscal, higher than Rs 189.84 ...
PUBLIC SECTOR BANKS:
Bank of Maharashtra net down 42%
Mangalore, July 29 The Pune-based Bank of Maharashtra has registered a decline of 42.84 per cent in the net profit at Rs 46.63 crore in the first quarter of 2008-09 against Rs 81.58 crore in the corresponding period of the previous fiscal. ...
RADIO/TV:
Raj Television Q1 net rises to Rs 5.6 cr
Chennai, July 29 Raj Television Network Ltd has reported a net profit of Rs 5.6 crore on a turnover of Rs 18 crore for the first quarter ended June 30, 2008. ...
HCV/LCV/TRACTORS:
Ashok Leyland Q1 net down on mark-to-market losses
Chennai, July 29 Ashok Leyland has reported a net profit of Rs 50.6 crore for the quarter ended June 2008, compared with Rs 88.2 crore for the corresponding quarter last year, mainly because of adverse movement of the exchange rate. ...
RADIO/TV:
IBN18 Broadcast posts higher Q1 losses at Rs 9.46 cr
New Delhi, July 29 Media network IBN18 Broadcast has reported higher losses of Rs 9.46 crore during the first quarter of this financial year. This compares with the Rs 3.5 crore losses it reported in the corresponding quarter of the previous ...
FOOD & DAIRY PRODUCTS:
Britannia net up 11.6% in June quarter
Bangalore, July 29 Britannia Industries Ltd reported an 11.6 per cent increase in its net profit at Rs 40.3 crore for the quarter ended June 30, 2008 compared with Rs 36.1 crore for the corresponding period last fiscal. ...
AUTOMOBILE COMPONENTS:
Other income pushes up Bosch Q2 net
Bangalore, July 29 Helped by a significant contribution from other income, Bosch Ltd (formerly Motor Industries Co Ltd), the flagship of the Bosch Group in India, reported a net profit at Rs 219.7 crore for the second quarter of 2008, compared ...
POWER:
NTPC Q1 net dips 27% on higher expenses, interest cost
New Delhi, July 29 Hit by higher expenses and a big spurt in interest costs, power major NTPC Ltd on Tuesday announced a 27 per cent dip in net profit at Rs 1,726.53 crore for the first quarter ended June 30, 2008, from Rs 2,369.90 crore ...
PAPER, BOARD & NEWSPRINT:
AP Paper Q1 income up at Rs 180 cr
CHEMICALS:
Clariant Chem net rises 83%
Mumbai, July 29 Clariant Chemicals India, manufacturers of specialty chemicals, reported a net profit increase of 83 per cent to Rs 26.8 crore for the quarter ended June 30 against Rs 14.6 crore reported during the corresponding period last ...
NEWSPAPERS & PUBLISHING:
Deccan Chronicle Holdings net down
ENGINEERING:
E&C segment bolsters L&T results
Order inflows from power sector. Larsen & Toubro’s engineering and construction (E&C) segment was the key contributor to the robust growth in topline and earnings of the company for the quarter ended June 2008. ...
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