CORPORATE RESULTS
FINANCIAL SERVICES
JRG Securities net grows 315 per cent
Kochi Jan. 31 The net profit of JRG Securities Ltd grew by 315 per cent to Rs 2.67 crore (Rs 64 lakh) for the third quarter of the current fiscal. The gross income of the company grew by 129 per cent to Rs 18.31 crore (Rs 7.99 crore). ...
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TELECOMMUNICATIONS
RCom Q3 net surges 48% on wider subscriber base
Broadband business rises 44% at Rs 456 cr
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CEMENT
ACC net rises 15% on higher sales
Mumbai, Jan. 31 Buoyed by higher sales, cement major ACC Ltd has posted a 15.14 per cent rise in net profit to Rs 1,438 crore for the year ended December 31, 2007, against Rs 1,232 crore logged for same period a year ago.The company, ...
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PETROCHEMICALS
India Glycols net up at Rs 67.50 cr
New Delhi, Jan 31 Petrochemicals and speciality chemical player India Glycols Ltd has announced a net profit of Rs 67.50 crore for the third quarter of the current fiscal, up from Rs 10.24 crore during the same quarter of 2006-07. The ...
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PETROLEUM
Strong refinery margins lift IndianOil net 16.7%
New Delhi, Jan. 31 Strong refinery margins have helped state-owned Indian Oil Corporation Ltd (IOC) report a 16.7 per cent growth in net profit for the third quarter of the current fiscal. The PSU refining and retailing major has posted a net ...
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Essar Oil posts Rs 13.2-cr loss in third quarter
Higher expenditure has pushed Essar Oil to post a loss of Rs 13.20 crore for the quarter ending on December 31, 2007. In the year ago quarter, the company has clocked a profit of Rs 33 lakh. The net sales increased by a modest ...
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GAIL net falls 6.6% on higher tax, subsidies
Increased subsidy burden and corporate tax during the third quarter of the current fiscal had led to a dip in GAIL (India) Ltd’s net profit by 6.6 per cent. The net profit during the third quarter of financial year 2007-08 was Rs 621 ...
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BPCL net drops to Rs 291.3 cr
Net profit of Bharat Petroleum Corporation Ltd (BPCL) for the third quarter dropped to Rs 291.3 crore compared with Rs 303.5 crore for the corresponding quarter last year.Net sales for the quarter rose 19.51 per cent to Rs 28,928.4 ...
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PHARMACEUTICALS
Sun Pharma Q3 net up 60%
Mumbai, Jan. 31 An intellectual property (IP)-driven action-packed quarter in the US has buoyed Sun Pharmaceuticals’ consolidated performance for the three months ended December 31, 2007. A regulatory approval and launch of ...
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Jubilant Organosys posts 40% growth in Q3 net
New Delhi, Jan 30 Jubilant Organosys has reported a 40 per cent growth in consolidate net profits at about Rs 90 crore for the third quarter compared to Rs 63.7 the corresponding quarter, the previous year. Net sales grew 37 per cent ...
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STEEL
Tata Steel earnings growth flat on higher interest cost
Clocks Rs 1,069-cr net; output falls marginally
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PERSONAL PRODUCTS
Gillette India net up 12%
Mumbai, Jan. 31 Gillette India Ltd posted a 12.6 per cent increase in its third quarter net profit at Rs 31.2 crore. The company had reported a net profit of Rs 27.71 crore in the corresponding quarter last year. “We continued to ...
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HCV/LCV/TRACTORS
Higher borrowing costs dent Tata Motors net
Mumbai, Jan. 31 Tata Motors on Thursday reported a 2.8 per cent drop in its third quarter stand-alone net profit, as high borrowing costs curtailed demand for vehicles.Its profit during the quarter dipped to Rs 499 crore from Rs 513 ...
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TWO/THREE WHEELERS
Hero Honda net gains from cost-cutting drive
Two-wheeler sales flat in third quarter
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ELECTRICAL GOODS
Siemens Q1 net doubles
Mumbai, Jan. 31 Siemens Ltd clocked a 101 per cent increase in its net profit for the quarter ended December 31, 2007 to touch Rs 197.05 crore against Rs 98.07 crore in the same quarter last year.During the quarter, the company’s ...
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REAL ESTATE & CONSTRUCTION
Maytas Infra logs net profit of Rs 32.36 cr
Maytas Infra Ltd (Maytas) has decided to diversify into three new areas — mining, manufacture of construction material and advisory and consultancy services.The Hyderabad-based infrastructure major has logged a net profit of Rs ...
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Puravankara plans to invest Rs 1,000 cr
Bangalore, Jan.31 Puravankara Projects, a leading real estate company of Bangalore, plans to start work on four to five hotels in the next one year with an investment of Rs 1,000 crore. On completion of the projects, the company will be ...
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SOFTWARE
Rolta’s consolidated net climbs 47%
Mumbai, Jan. 31 The city based IT firm Rolta Ltd has registered a 47.2 per cent rise in its consolidated net profit for the quarter ended December 2007 to Rs 60.21 crore against Rs 40.9 crore recorded in the corresponding year ago quarter. ...
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MphasiS Q3 net up 38% at Rs 66 cr
Bangalore, Jan. 31 Fired by growth in all businesses, despite an appreciating rupee, the MphasiS Group has reported a 38 per cent increase in net profit for the third-quarter ended December 31, 2007 to Rs 66.3 crore. Revenues for the quarter ...
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ALUMINIUM
Manaksia to set up steel facility in Georgia
Kolkata, Jan.31 City-based Manaksia Ltd, a secondary producer of value-added aluminium-rolled products, has decided to set up new steel long products facility in Georgia, CIS, at a total investment of $35 million. The production capacity of ...
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NBFCS
Muthoot Capital net at Rs 1.21 cr
The net profit of Muthoot Capital Services has grown by 73 per cent to Rs 1.21 crore (Rs 70 lakh) during the third quarter of current fiscal. The total income of the NBFC grew to Rs 3.60 crore (Rs 2.20 crore). Mr Thomas George Muthoot, ...
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PRIVATE BANKS
City Union Bank Q3 net rises 83%
Chennai, Jan. 31 A 25 per cent increase in net interest income and a doubling of ‘other income’ helped City Union Bank post a net profit of Rs 25.38 crore for the third quarter of the current year, 83 per cent higher than in the ...
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LVB net profit grows 23%
Lakshmi Vilas Bank’s net profit increased by 23 per cent to Rs 3.82 crore for the quarter ended December 2007 against Rs 3.10 crore during the same period of the previous year. Its total income grew by 16.8 per cent to Rs 143.06 crore (Rs ...
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YES Bank net profit up 13.25%
YES Bank has reported 13.25 per cent rise in net profit for the third quarter ended December 2007 to Rs 54.24 crore as against Rs 47.89 crore reported in the corresponding quarter a year ago. Total income for the quarter was up 115.5 per cent at ...
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Dhanalakshmi Bank net up 77%
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PUBLIC SECTOR BANKS
Non-interest income boosts United Bank net 9%
Interest income drops; slowdown in advances
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