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CORPORATE RESULTS

CEMENT: UltraTech posts 12% fall in net profit
Real estate slowdown, rising input costs. Mumbai, Oct. 18 Signalling a slowdown in earnings of cement companies in the days to come, UltraTech Cement Ltd, an Aditya Birla Group company, recorded a 12 per cent drop in net profit at Rs 164 crore ...

PRIVATE BANKS: Federal Bank’s Q2 net up 20% on higher interest income
Engages Boston Consulting Group for restructuring. Kochi, Oct. 18 The Aluva-based Federal Bank has registered a 19.9 per cent increase in its net profit in the second-quarter ended September 30, registering Rs 114.28 crore against Rs 95.33 ...

PUBLIC SECTOR BANKS: Depreciation, tax nibble away Indian Bank’s profits
‘Bank will not drop lending rates unless deposit rates fell first’. Chennai, Oct. 18 A 47 per cent growth in advances helped Indian Bank turn in an operating profit of Rs 532 crore for the quarter ended September – 55 per cent ...

SOFTWARE: iGate reports $8.2 m net
iGate Corp, an integrated technology and operations company, reported net profit of $8.2 million on revenue of $55.4 million for the quarter ended September 30, 2008. In the year-ago quarter, the company reported net profit of $4.3 million ...

PRIVATE BANKS: Bank of Rajasthan net up 43%
...

COFFEE: Tata Coffee net rises 44%
Improved instant coffee volumes and realisations helped Tata Coffee to report a 44 per cent growth in consolidated net profits for the September quarter. Consolidated operational income grew by a fourth during the period. Tata Coffee posted a ...

PAPER, BOARD & NEWSPRINT: Seshasayee Paper net falls 64% on raw material, fuel costs
Chennai, Oct. 18 Raw material and fuel costs have contributed to Seshasayee Paper and Boards Ltd reporting a 64 per cent drop in net profits for the second-quarter ended September ...

PUBLIC SECTOR BANKS: Allahabad Bank net falls 82% on higher provisions
Kolkata, Oct. 18 Allahabad Bank has reported 82.5 per cent drop in net profit at Rs 41.68 crore for the quarter ended September 30, 2008, against Rs 239.78 crore during the corresponding quarter of the previous ...





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