Business Daily from THE HINDU group of publications
Saturday, October 25, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, October 25, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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STEEL: Tata Steel net rises on volumes, value-added products Net profit up 50%; drop in steel prices likely. Tata Steel has attributed the 50 per cent growth in net profit for the second quarter of this year over the same period last year to higher volumes and sale of better value-added products. Steel ... CARS: Maruti net down 36%; to hike prices Rise in raw material prices, foreign borrowing losses. An increase in raw material prices, losses on external commercial borrowings and a new depreciation policy on its tools triggered a 36 per cent drop in Maruti Suzuki’s net profit at Rs ... POWER: NTPC Q2 net up 10% Despite a steep rise in fuel and employee costs, power major NTPC Ltd posted an increase of nearly 10 per cent in second quarter net profits at Rs 2,110.51crore (Rs 1,925.49 crore), mainly on the back of a lower tax expense . Total income was up ... PAPER, BOARD & NEWSPRINT: TNPL net profit up 21% Chennai, Oct. 24 Tamil Nadu Newsprint and Papers Ltd has reported a 21 per cent jump in net profit at Rs 40 crore for the second quarter ended September 30, 2008, as compared with Rs 33 crore posted in the corresponding quarter in the ... ELECTRICAL GOODS: Voltas posts 17% rise in net profit Air-conditioning and engineering services provider Voltas Ltd has posted a 17 per cent increase in net profit at Rs 62 crore for the quarter ending September 30. In the year ago quarter, the profit was Rs 53 crore. Net sales for the ... SOFTWARE: Ramco Systems breaks even in Q2 Chennai, Oct. 24 Ramco Systems has broken-even in the second quarter of this financial year with global net profit of $0.10 million as compared to a net loss of $2.74 million in the first quarter. It recorded global revenues of $12.86 million, ... CEMENT: Fuel, power costs hit Ambuja Cements Q2 net Mumbai, Oct 24 Ambuja Cements Ltd, part of the Swiss major Holcim, has reported a seven per cent drop in net profit and an eight per cent increase in net sales for the third quarter ended September 30, over the same period last year. Fuel ... PERSONAL PRODUCTS: HUL net profit rises 34% on higher pricing, volumes Mumbai, Oct. 24 Higher pricing, improved volumes and one-time gains helped consumer goods maker Hindustan Unilever (HUL) clock a 34 per cent rise in net profit for the second quarter ended ... PHARMACEUTICALS: GSK’s priority products, vaccines bolster performance A bounce back by the priority products including vaccines and an improved product mix, helped bolster GlaxoSmithKline Pharmaceuticals’ (GSK) performance for the three months ended September 30, ... HARDWARE: HCL Info consolidated net dips 8% in July-Sept New Delhi, Oct. 24 HCL Infosystems Ltd has posted over an 8 per cent decline in its consolidated net profit for the first quarter ended September 2008 at Rs 66.09 crore, on account of foreign exchange losses. The company’s gross sales ... AUTOMOBILE COMPONENTS: Exide net up 25 pc in Q2 despite forex loss Kolkata, Oct. 24 An exchange loss of over Rs 8 crore notwithstanding, Exide Industries posted 25 per cent growth in net profit at Rs 78 crore on topline growth of over 30 per cent at Rs 901 crore during the second quarter compared to ... ELECTRICAL GOODS: ABB net dips to Rs 105 cr in Q3 Bangalore, Oct. 24 After maintaining a robust growth in net profit for consecutive 30 quarters, ABB India reported a dip in its net profit for the third quarter ending September 30, 2008 to Rs 104.8 crore compared with Rs 115. 7 ... ELECTRONICS: Phoenix Mecano's expansion drive ... ELECTRICAL GOODS: KEC International net dips ... OUTSOURCING: HTMT Global Q2 net falls Bangalore, Oct. 24 HTMT Global Solutions Ltd, an outsourcing solutions provider that is part of the Hinduja Group, reported a 27 per cent decrease in net profit for the second quarter ending September ... DIVERSIFIED: ITC net up 4%; new FMCG biz drives turnover Kolkata, Oct. 24 ITC Ltd registered a marginal increase of 4.13 per cent in its net profit at Rs 803 crore for the quarter ended September 30, 2008, up from Rs 771 crore during the corresponding quarter last year, according to a press ... ELECTRICAL GOODS: BHEL net down despite strong topline growth New Delhi, Oct. 24 State-run equipment major Bharat Heavy Electricals Ltd (BHEL) reported an over 10 per cent dip in net profit for the second quarter ended September ... PRIVATE BANKS: IDBI Bank profit flat IDBI Bank continued to report flattish profits in the second quarter also. Net profits crawled up by a mere 4% to Rs.162 crore. The bank had reported identical numbers in the first quarter ... CEMENT: Binani Cement net dips 44% on high fuel cost Mumbai, Oct. 24 Bogged down by high power and fuel cost, Binani Cement has reported a 44 per cent decline in net profit at Rs 27 crore in the second quarter of the financial year ended September 30, against Rs 48 crore reported in ... PUBLIC SECTOR BANKS: BoM net drops 22% in Q2 on provisioning Mangalore, Oct. 24 Bank of Maharashtra recorded a 22 per cent decline in net profit in the second quarter of 2008-09 due to provisioning. The bank registered a net profit of Rs 70.55 crore as against Rs 90.45 crore in the corresponding period ... PHARMACEUTICALS: Global markets growth drives Lupin Q2 net up 53% Growth in international markets like the US and Europe, besides an improved product mix helped Lupin post a healthy profit for the three months ended September 30, 2008, said the Managing Director, Dr Kamal ...
PHARMACEUTICALS:
Neuland Labs net down 30% Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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