The Hindu Business Line : Sunday, October 26, 2008

CORPORATE RESULTS

AIRLINES: Jet Air posts Rs 384-cr loss in Q2
Higher fuel costs, lower passenger traffic. Mumbai, Oct. 25 Hit by higher fuel costs and the lean season drop in passenger traffic, Jet Airways reported a net loss of Rs 384.5 crore for the second quarter ended September 30 against a net profit ...

HARDWARE: Moser Baer incurs Rs 42-cr loss on lower pricing
New Delhi, Oct. 25 Moser Baer India has posted loss of Rs 41.84 crore for the second quarter ended September 2008, compared to a net profit of Rs 3.27 crore in the year-ago period, on account of lower pricing in the optical media business ...

PUBLIC SECTOR BANKS: Union Bank Q2 net rises by 31 %
Mumbai, Oct. 25 Union Bank of India’s net profit surged by 31.16 per cent to Rs 362 crore for the quarter ended September 30, aided by a 49 per cent increase in its net interest ...

STEEL: Usha Martin consolidated net up 14%
Usha Martin Ltd has posted improved performance during the quarter ended September 30, 2008. The key highlights of the consolidated results for the quarter included 50.8 per cent growth in gross sales to Rs 1,261.27 crore, 39.7 per cent growth ...

FOODS & FOOD PROCESSING: Agro Tech Q2 profit grows 20%
Agro Tech Foods Ltd has posted net sales of Rs 207 crore in the quarter ended September 30 against Rs 251.47 crore in the same period last year. The net profit for the quarter was put at Rs 4.45 crore (Rs 3.71 crore), showing a 20 per cent ...

PUBLIC SECTOR BANKS: Bank of Baroda up 21% on healthy credit growth
Mumbai, Oct. 25 Bank of Baroda’s net profit increased by 21 per cent to touch Rs 395 crore for the quarter ended September 30, 2008 against Rs 327 crore in the same quarter last year on healthy credit growth. The growth in profits is ...

PUBLIC SECTOR BANKS: Fee-based income boosts Corporation Bank profit
Mangalore, Oct. 25 The growth in fee-based income has helped Corporation Bank to register a growth of 18.67 per cent in net profit during the second quarter of the current financial ...

OILSEEDS & EDIBLE OIL: KS Oils net rises 59% in second quarter
Mumbai, Oct. 25 KS Oils, an integrated edible oil company, has reported a 59 per cent rise in net profit at Rs 42 crore in the second quarter of the financial year ended September 30, against Rs 27 crore registered in the same period last ...

PUBLIC SECTOR BANKS: SBBJ Q2 net zooms 88%
New Delhi, Oct. 25 State Bank of Bikaner and Jaipur (SBBJ) has reported a net profit of Rs 114.06 crore during the second quarter ended September 30, 2008. This represented an 87.8 per cent increase over the net profit of Rs 60.74 crore ...

PAINTS: Asian Paints Q2 net grows 12% at Rs 122 cr
Mumbai, Oct. 25 Asian Paints, on standalone basis, has posted a 12.2 per cent rise in net profit at Rs 122 crore for the second quarter ended September 30, as against Rs 108 crore of the same period a year ...

STEEL: JSW Steel net down 38% on forex loss
Mumbai, Oct. 25 Hit by a forex loss of Rs 268 crore, JSW Steel, on a stand alone basis, posted a 38 per cent drop in the net profit at Rs 317.45 crore for the quarter ended September 30 as against Rs 511.23 crore logged in the same period a ...

PRIVATE BANKS: Karnataka Bank Q2 net up 22%
Mangalore, Oct. 25 Karnataka Bank Ltd has recorded a net profit of Rs 73.60 crore in the second quarter of 2008-09 against Rs 60.14 crore in the corresponding period of the previous fiscal, recording a growth of 22.38 per ...

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Markets (Oct 25)

Nifty (at close)	2584.00(-359.15)
US Dollar (Buy/Sell)	49.96/97
Brent crude (a bbl) Rs	3,030
Gold (a gram) Rs	1,124
Silver (a kg) Rs	17,130

Parsvnath plans pink slips for ‘non-performers’

Union Bank Q2 net rises by 31 %

Axon posts HCL scheme document; voting on Nov 24

US acquisition on the radar for Sun Pharma

Looking back
Oct. 19-Oct. 25
Federal Bank’s Q2 net up 20% on higher interest income

Canara Bank Q2 net rises 32% on improved income

OBC net rises 36% on all-round growth

GAIL Q2 net rises 79% on higher earnings from gas transmission, LPG