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CORPORATE RESULTS
STEEL:
Tata Steel net rises 22% at Rs 1,488 cr
Company posts Rs 303-cr forex loss. Mumbai, July 31 Tata Steel Ltd has posted a 21.78-per-cent rise in its standalone net profit at Rs 1,488.40 crore for the quarter-ended June 30, against Rs 1,222.11 crore logged in the same period of last ...
TELECOMMUNICATIONS:
RCom net rises 24%
Higher subscriber additions help beat lower ARPU. Mumbai, July 31 Higher subscriber additions coupled with strong growth in its broadband business helped Reliance Communications report a 24 per cent rise in net profit, even as the average ...
FINANCIAL SERVICES:
Thomas Cook Q2 standalone net up
Mumbai, July 31 On the back of soaring sales from new products launched for the domestic and MICE (meetings, incentives, conferences and exhibitions) market, Thomas Cook India’s (TCIL) standalone net profit grew by 60 per cent for the ...
AUTOMOBILE COMPONENTS:
Amara Raja revenue up; forex hit clips profits
Hyderabad, July 31 Amara Raja Batteries announced that it has recorded gross sales of Rs 384.08 crore with profit of Rs 14.9 crore for the first quarter ended June 30, 2008 as against total sales of Rs 268.85 crore and profit of Rs 17.9 crore ...
AUTOMOBILE COMPONENTS:
Sundram Fasteners net down 50%
Sundram Fasteners Ltd (SFL) has reported a 50 per cent drop in net profit during the first quarter ending June 30, 2008 to Rs 12.86 crore against Rs 25.55 crore during the same period last year. The drop was despite the company growing its ...
REAL ESTATE & CONSTRUCTION:
Nagarjuna Const net up at Rs 37 cr
Nagarjuna Construction Company (NCCL) has registered a turnover of Rs 972 crore (standalone) for the first quarter ended June 2008 as against Rs 763 crore in the same quarter last year, showing a growth of 27 per cent. It achieved a net profit of ...
REAL ESTATE & CONSTRUCTION:
Gayatri Projects net up 74%
Gayatri Projects Ltd’s net profit increased 74 per cent at Rs 11.25 crore in the first quarter ended June 30, 2008 compared with Rs 6.4 crore in the corresponding quarter of previous fiscal year. The total income of the Hyderabad-based ...
REAL ESTATE & CONSTRUCTION:
DLF net profit rises 23% in Q1 on volume growth
New Delhi, July 31 India’s leading real estate company DLF Ltd on Thursday posted nearly 23 per cent rise in its consolidated net profit for the first quarter ended June 2008, to Rs 1,864 crore, on the back of strong volume ...
PRIVATE BANKS:
Marginal rise in Federal Bank net
Coimbatore, July 31 Federal Bank’s net profit increased by 1.81 per cent to Rs 68.15 crore for the quarter ended June 2008 compared to Rs 66.94 crore achieved during the corresponding quarter of the earlier ...
SOFTWARE:
Offshoring lifts HTMT Global Q1 revenues to Rs 178 cr
Bangalore, July 31 HTMT Global Solutions Ltd, provider of outsourcing solutions, reported a 17-per cent growth in revenue in the first quarter, helped by increased off-shoring by clients, and said it expected good business in the second ...
SOFTWARE:
Cambridge Tech gains from buys
Cambridge Technology Enterprises Ltd (CTEL) registered sales income of Rs 47.48 crore with net profit of Rs 5.37 crore for the first quarter ending June 30, 2008 as against total sales of Rs. 10.08 crore and net profit of Rs.1.75 crore for the ...
STEEL:
JSW Steel net dips 53% on forex losses
Mumbai, July 31 Saddled with a Rs 363-crore forex loss, JSW Steel Ltd registered a 53 per cent drop in net profit at Rs 219.5 crore for the quarter ended June 30, against Rs 468.45 crore logged in the same period a year ...
SOFTWARE:
Geodesic net up 103%
Strong revenue growth from its enterprises segment has led Geodesic Information Systems Ltd to report a 103-per cent rise in net profit to Rs. 58.44 crore for the June quarter as compared to Rs 28.73 crore reported in the same quarter a year ...
RADIO/TV:
NDTV Q1 profit at Rs 2.08 cr
New Delhi, July 31 NDTV Ltd has reported a profit of Rs 2.08 crore for the first quarter ended June 30 against a loss of Rs 2.15 crore in the year-ago period. ...
FOODS & FOOD PROCESSING:
GAEL operating profit up 38%
PRIVATE BANKS:
YES Bank net rises 51%
Coimbatore, July 31 A month after increasing its PLR by 50 basis points to 16.5 per cent, YES Bank has taken the cue from the recent rate hike by the Reserve Bank of India to effect yet another hike of 50 bps from August 1. The PLR would now ...
REAL ESTATE & CONSTRUCTION:
Parsvnath Developers Q1 consolidated net dips 27%
New Delhi, July 31 Real estate company, Parsvnath Developers Ltd, on Thursday posted 27.6 per cent drop in its consolidated net profit for the first quarter ended June 2008, to Rs 73.96 crore, on account of a higher interest outgo and increase ...
PUBLIC SECTOR BANKS:
Central Bank net dips 40%
Thiruvananthapuram, July 31 Central Bank of India has suffered a 39.6-per cent decline in its net profit to Rs 59.32 crore for the quarter ended June 30 from year-ago levels. ...
SOFTWARE:
Mindteck posts Rs 5.5 cr net
Bangalore, July 31 Bangalore-based Mindteck (India) Ltd, an IT services company, reported net profit of Rs 5.54 crore on revenue of Rs 73.36 crore for the first quarter ended June ...
SOFTWARE:
Virtusa revenue up, net slips
Hyderabad, July 31 Virtusa Corporation registered revenues of $42.5 million with net profit of $0.8 million for the quarter ending June 30, as against revenues of $37.44 million and profit of $2.6 million for the corresponding quarter last ...
REAL ESTATE & CONSTRUCTION:
Simplex PAT up 95%
Simplex Infrastructures Ltd on Thursday reported a profit after tax of Rs 38.3 crore, up 95 per cent compared to Rs 19.7 per cent in the same quarter last fiscal. The company posted a 81 per cent jump in its EBITDA during the quarter to Rs ...
NON-CONVENTIONAL ENERGY:
Forex volatility pulls down Suzlon net
Due to foreign exchange volatility the standalone net profit of Suzlon Energy Ltd has dipped to Rs 88 crore for the quarter ended June. In the year-ago quarter, the net profit was Rs 89 ...
CEMENT:
JK Lakshmi Cement begins work on 2.7-mt plant
Mumbai, July 31 JK Lakshmi Cement Ltd, flagship of JK Organization, has commenced work on the 2.7 million tonnes (mt) greenfield cement plant at Durg, Chhattisgarh with an investment of over Rs 1,100 crore. The plant is scheduled to be ...
REAL ESTATE & CONSTRUCTION:
Madhucon net up 61%
Hyderabad, July 31 Madhucon Projects Ltd’s net profit increased 61 per cent at Rs 14.8 crore in the first quarter ended June 30, 2008 compared with Rs 9.2 crore in the corresponding quarter of previous fiscal ...
METALS:
Sujana Metals net profit zooms to Rs 21 cr
Hyderabad, July 31 Sujana Metal Products Ltd (SMPL) for the quarter ended June 30, 2008 has registered a net profit of Rs 20.65 crore (Rs 3.07 crore). ...
POWER:
GVK Power net triples
Hyderabad, July 31 GVK Power & Infrastructure Ltd (GVKPIL) recorded a total income of Rs 141.37 crore with profit of Rs 40.55 crore for the first quarter ended June 30, 2008 as against an income of Rs 101.83 crore and profit of Rs 13.17 ...
PHARMACEUTICALS:
Natco Pharma Q1 net rises 23%
Natco Pharma Ltd’s net profit increased 23 per cent at Rs 8.7 crore in the first quarter ended June 30, 2008, compared with Rs 7 crore in the corresponding quarter of last ...
SUGAR:
GMR Ind revenue dips; PBT up on high sugar prices
Hyderabad, July 31 GMR Industries, the agri-business arm of the GMR Group, has registered a total revenue of Rs 25.83 crore in the quarter ended June 2008 against Rs 40.17 crore in the corresponding period last ...
TEA:
Harrisons Malayalam net up
Harrisons Malayalam Ltd has recorded a profit after tax of Rs 6.76 crore for the April-June quarter this fiscal, up from Rs 0.48 crore recorded for the corresponding quarter of the previous fiscal. The company has reduced its cost base through ...
PHARMACEUTICALS:
Orchid Chem net loss at Rs 31.65 cr
Orchid Chemicals and Pharmaceuticals has reported a net loss of Rs 31.65 crore for the quarter ended June, compared to a net profit of Rs 51.30 crore in the corresponding quarter of last year. This was mainly because of profit charge due to ...
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