CORPORATE RESULTS
DIVERSIFIED
Pennar Q3 net up 33%
Pennar Industries Ltd has registered profit of Rs 9 crore for the quarter ended December 31, a growth of 33 per cent over Rs 6.76 crore achieved in the corresponding quarter of last year. The EBIDTA increased 29 per cent to Rs 17.18 crore (Rs ...
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AV Birla Nuvo net down 45%
Mumbai, Jan 30 Diversified company Aditya Birla Nuvo said its consolidated net profit for the third quarter of the fiscal dipped 45 per cent, as expenditure on its life insurance and BPO expansion continued to drag down the ...
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Tata Chem net increases 7%
Performance of subsidiaries subdued
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OUTSOURCING
Firstsource net falls 31% on US crisis
Mumbai, Jan. 30 Rising loan defaults in the US coupled with certain payments to be made relating to the recent MedAssist acquisition caused the city based pure play BPO vendor Firstsource Solutions to register a 31.7 per cent fall in ...
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TELECOMMUNICATIONS
Bharti Airtel net rises 42% to Rs 1,722 cr
New Delhi, Jan. 30 Notwithstanding the prolonged battle for spectrum, telecom service provider Bharti Airtel on Wednesday announced a 42 per cent increase in its profits to Rs 1,722 crore for the third quarter ended December 31, 2007 compared ...
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ENGINEERING
Cummins net rises to Rs 74.61 cr
Pune, Jan. 30 Cummins India Ltd has recorded a total income of Rs 617.11 crore for the third quarter of the current fiscal against Rs 502.9 crore for the corresponding period last year, according to a company release to the BSE. The company ...
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Praj Ind PAT increases 20%
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HOTELS
Higher rates, occupancies lift EIH net
Kolkata, Jan. 30 EIH Ltd (part of The Oberoi Group), for the quarter ended December 31, 2007 has posted a nearly 17 per cent increase in profit after tax at Rs 72.40 crore (Rs 61.94 crore). Mr P.R.S. Oberoi, Chairman of the company, in ...
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INSURANCE
Max India Q3 net rises 5-fold to Rs 21 crore
New Delhi, Jan 30 Having almost tripled capacity of speciality products business last year, Max India is reaping benefits with a five-fold increase in its standalone net profits at Rs 21 crore for the quarter ended December 31, 2007, as ...
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PHARMACEUTICALS
Aurobindo Pharma net declines to Rs 55 cr
Hyderabad, Jan. 30 Aurobindo Pharma Ltd has posted about 4.5 per cent dip in net profit at Rs 55.25 crore in the third quarter ended December 31, 2007 against Rs 60.12 crore in the same period of last fiscal year.The total income, ...
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Dabur Pharma Q3 net, revenues down
New Delhi, Jan. 30 Dabur Pharma’s net profit for the third quarter have declined marginally to Rs 8.26 crore as against Rs 8.9 crore reported during the quarter ended December 31, 2006. The oncology maker’s revenues also slipped ...
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POWER
NTPC net slips on staff costs, interest expenses
New Delhi, Jan. 30 Faced with higher interest expenses and a surge in staff costs, NTPC Ltd on Wednesday reported a 15.37 per cent dip in net profit at Rs 1,779.9 crore for the quarter ended December 31, 2007. The company’s total ...
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Lanco net up at Rs 8.25 cr
Hyderabad, Jan. 30 Lanco Infratech Ltd has recorded total income of Rs 77.82 crore and net profit of Rs 8.25 crore for the third quarter ended December 31, 2007 against total income of Rs 42.34 crore and net profit of Rs 6.22 crore for the ...
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Tata Power Q3 net at Rs 197.28 cr
Mumbai, Jan. 30 Tata Power has recorded a net profit of Rs 197.28 crore for the quarter ending December 31, 2007. In the previous quarter, the company’s net profit was at Rs 279.9 crore. The profit is not comparable with the ...
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Torrent Power net jumps 115%
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SHIPPING
Weak tanker market pulls down Shipping Corp net 22%
Mumbai, Jan. 30 Lower earnings from tanker segment have led state-run shipping company Shipping Corporation of India to post a drop of 22 per cent in net profit at Rs 176.78 crore for the third quarter ended December 31, 2007 against Rs 226.63 ...
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TEXTILES
Indo Rama Q3 net up at Rs 7.21 cr
New Delhi, Jan. 30 Polyester manufacturer Indo Rama Synthetics (India) Ltd has announced a growth of 137 per cent in its net profit for the third quarter ending December 31, 2007 at Rs 7.21 crore compared with Rs 3.04 crore in the same period ...
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Bombay Dyeing posts Rs 37-cr loss
Mumbai, Jan. 30 Dragged down by high raw material costs, Bombay Dyeing & Manufacturing Company incurred a net loss of Rs 37 crore for the quarter ended December 31, 2007.The company had reported a net profit of Rs 7 crore in the ...
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HCV/LCV/TRACTORS
One-time gain of Rs 157 cr boosts Mahindra net 67%
Company’s margins under pressure on higher expenses
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TWO/THREE WHEELERS
Bajaj Auto Q3 net slips 5%
Pune, Jan. 30 Bajaj Auto Ltd Q3 net profit has dropped 5 per cent to Rs 327 crore on a total turnover of Rs 2,680 crore (Rs 2,729 crore). Revenue from its auto business showed a marginal decline at Rs 2,501 crore (Rs 2,568 ...
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HOME APPLIANCES
TTK Prestige net soars over 47%
With its topline crossing the Rs 100-crore mark for the first time in any quarter, TTK Prestige reported over 47 per cent jump in its net profit to Rs 6.24 crore (Rs 4.24 crore) for the quarter ended December 2007. The company reported a ...
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ELECTRICAL GOODS
Demand surge boosts Universal Cables’ Q3 net, turnover
Riding on a robust growth powered by tripling of capacity to 1.5 million fibre km per annum to meet the surging demand for optic fibre cables, Universal Cables (a MP Birla Group company), for the quarter ended December 31, 2007, has recorded a ...
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Nippo Batteries net rises 4-fold
Helped by a fall in zinc prices, Nippo Batteries Ltd has reported a nearly four-fold increase in its net profit for the third quarter of the current year, compared with the same quarter last year. The Chennai-based company, which produces dry ...
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REAL ESTATE & CONSTRUCTION
DLF net rises 6% on higher realisations from projects
Growing demand for houses, offices seen
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SOFTWARE
Prithvi Info Q3 net rises
Hyderabad, Jan. 30 IT services provider Prithvi Information Solutions has recorded an income of Rs 291.72 crore and a net profit of Rs 28.40 crore for the third-quarter ended December 31, 2007 as against income of Rs 199.34 crore and profit ...
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Subex Q3 loss narrows on improved revenue
Bangalore, Jan. 30 Subex Ltd has reported a lower third-quarter loss of Rs 4.27 crore, compared with a loss of Rs 34.82 crore in the second quarter, citing improved revenue and stabilisation in cost. Revenue increased 38.1 per cent ...
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ALUMINIUM
Hindalco Q3 net dips 15% on lower domestic prices
Mumbai, Jan 30 Hindalco Industries, the flagship company of the Aditya Birla Group, reported a nearly 15 per cent dip in its net profit for the third quarter of the current fiscal to touch Rs 542.7 crore, as against Rs 643.9 crore in the ...
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Nalco Q3 net shows decline
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METALS
Ferro Alloys in talks for steel jt venture
Net profit up; Plans Rs 2,750 cr capex
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PAINTS
Asian Paints Q3 net up 65%
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Berger Paints sales rise 18.66%
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PACKAGING
Bilcare Q3 standalone sales up
Rs 26.38 crore), a growth of 20 per cent. Net profit stood at Rs 16.59 crore (Rs 14.20 crore). The consolidated sales for the third quarter of FY08 were Rs 149.29 crore. — Our ...
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PRIVATE BANKS
Rise in interest income lifts IndusInd Q3 net
Mumbai, Jan. 30 IndusInd Bank has reported a 16 per cent jump in Q3 net profit at Rs 25 crore, against Rs 22 crore in the corresponding quarter of the previous year, spurred by interest income.Net interest income was up 58 per cent at ...
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Karnataka Bank net rises 28% at Rs 69 cr
Mangalore, Jan.30 Karnataka Bank Ltd registered a net profit of Rs 69.03 crore during the third quarter of the current financial year as against Rs 53.88 crore during the corresponding period of the previous year, recording a growth of 28.12 ...
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PUBLIC SECTOR BANKS
IOB’s profit up 25% on growth in core income
Chennai, Jan. 30 Indian Overseas Bank (IOB) has reported a net profit of Rs 308.14 crore for the third quarter of the year compared with Rs 246.78 crore in the corresponding period of last year, a growth of 25 per cent. The profits came ...
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Bank of Baroda Q3 net grows 52% at Rs 501 cr
Robust growth seen in other income
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Andhra Bank Q3 net profit up 17%
Rise in credit, fee-based income key to growth
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