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CORPORATE RESULTS
PETROLEUM:
IOC posts Rs 7,047-cr quarterly loss on under-realisations, weak rupee
Indian Oil Corporation Ltd (IOC) has registered a net loss of Rs 7,047.13 crore for the second quarter of the current fiscal against a net profit of Rs 3,817.75 crore in corresponding quarter of pervious ...
PHARMACEUTICALS:
Ranbaxy reports Rs 352-cr loss in Q3 on US ban, weak rupee
New Delhi, Oct. 31 Hit by the ban imposed by US authorities and a weakening rupee, Ranbaxy Laboratories has reported a Rs 352-crore loss, on a standalone basis, during the third quarter ended September ...
TELECOMMUNICATIONS:
RCom net rises 17%
Co pursuing aggressive capex plans. Mumbai, Oct. 31 Reliance Communications has reported a 17.3 per cent rise in net profit for the second quarter ended September 2008, as revenues rose across business segments. However this is the lowest profit ...
PUBLIC SECTOR BANKS:
PNB cuts prime lending, deposit rates by 50 bps
Posts 31% rise in Q2 net, steps up NPA recovery efforts. New Delhi, Oct. 31 Punjab National Bank (PNB) on Friday announced a cut in its benchmark prime lending rate (PLR) by 50 basis points to 13.5 per ...
HCV/LCV/TRACTORS:
Forex loss hits Tata Motors net
Mumbai, Oct. 31 A foreign exchange loss of Rs 285 crore dented auto-major Tata Motors’s profits, down 34 per cent at Rs 347 crore for the June-September ...
TELECOMMUNICATIONS:
Bharti’s Q2 profit up 27%
Average revenue per user, minutes of usage down Q-on-Q. New Delhi, Oct. 31 A record growth in the subscriber base has boosted Bharti Airtel’s second quarter profits by 27 per cent as against last year’s, but key operational ...
ALUMINIUM:
Hindalco’s Q2 net profit rises 12% at Rs 720 cr
Thanks to cost control, higher alumina production. Mumbai, Oct. 31 Despite aluminium and copper prices falling sharply on the London Metal Exchange, prudent cost control and higher alumina production have helped Hindalco Industries, an Aditya ...
FOOD & DAIRY PRODUCTS:
Nestle India standalone net profit rises 13.5%
Domestic sales grow 23%; exports up 11.6%. New Delhi, Oct. 31 Nestle India has announced a growth of 13.5 per cent in unaudited standalone net profits at Rs 132 crore for the third quarter ending September 30, 2008 compared with Rs 116 crore ...
PUBLIC SECTOR BANKS:
Syndicate Bank trims bulk deposits
Net profit up 15 per cent; asset repricing helps. Bangalore, Oct. 31 Public sector Syndicate Bank reduced its bulk deposits by Rs 1,055 crore on year on year basis in a bid to bring down the cost of ...
NON-CONVENTIONAL ENERGY:
High shipping cost sinks Suzlon net in Q2
Net profit plunges by 95% to Rs 17 cr. Global wind turbine major, Suzlon Energy Ltd has hit an air pocket. Net profit for the second quarter dipped 95 per cent, due to currency fluctuations, higher freight cost and compensation to the US ...
REAL ESTATE & CONSTRUCTION:
Puravankara’s profit drops 16% in Q2
Bangalore, Oct. 31 “This is not the time for bravado, but for actual performance. A good performance in such times will have a spin-off effect in the long term,” said Mr Ravi Ramu, Director, Puravankara Projects ...
REAL ESTATE & CONSTRUCTION:
Interest costs hurt Sobha Developers’ Q2 net
Bangalore, Oct. 31 Increase in interest costs brought down the net profits for Sobha Developers Ltd by about 13 per cent to Rs 49 crore for the second quarter of financial year 2008-09 from Rs 56.2 core for the corresponding quarter ...
POWER:
GVK Power Q2 revenues up 6%
GVK Power & Infrastructure has registered total income of Rs 115.50 crore and a net profit of Rs 30.47 crore for the second quarter ended September 30, 2008 as against total income of Rs 108.25 crore and net profit of Rs 39.51 crore for ...
INFRASTRUCTURE:
Maytas Infra net at Rs 17 cr
...
FOODS & FOOD PROCESSING:
Hatsun Agro net grows 16%
Hatsun Agro Product Ltd has reported a net profit of Rs 4.95 crore on an income of Rs 262.93 crore for the second-quarter ended September 30, 2008. This is a 16 per cent growth in net profit over the corresponding period previously when it ...
PHARMACEUTICALS:
Strides incurs Rs 52-cr loss on forex rate fluctuations
Bangalore, Oct. 31 Strides Arcolab posted a third-quarter net loss of Rs 51.67 crore in standalone numbers due to foreign exchange rate fluctuations compared to net third-quarter profit of Rs 24.9 crore ...
PUBLIC SECTOR BANKS:
UCO Bank Q2 net rises 36%
NPAs decline to 1.61%; net interest income up 16%. Kolkata, Oct. 31 Backed by a good recovery from written off accounts and an increase in net interest income, UCO Bank has posted 36 per cent growth in net profit at Rs 150 crore for the quarter ...
FINANCIAL SERVICES:
Reliance Cap standalone net slips 3%
Higher interest outgo affects profits; Co reports higher income. Mumbai, Oct. 31 Reliance Capital, on Friday reported a three per cent dip in its standalone net profit for the quarter ended September 30, 2008 as higher interest costs and ...
BREWERIES:
Balaji Distilleries posts Rs 32-cr net on ‘exceptional income’
Expects to come out of BIFR purview by 2010. Chennai, Oct. 31 A Rs 30-crore ‘exceptional income’ arising out of resolution of a dispute with the Rajasthan State Electricity Board (RSEB) enabled Balaji Distilleries post a net profit ...
TEXTILE MACHINERY:
LMW sets stage to start operations in China next year
‘Financial crunch affecting industry’. Coimbatore, Oct. 31 The slowdown has not deterred textile machinery manufacturing major Lakshmi Machine Works Ltd from going ahead with its project in ...
CEMENT:
India Cements to invest Rs 160 cr for captive power plant
Chennai, Oct. 31 India Cements plans to invest over Rs 160 crore to set up 40 MW of captive thermal power generation facilities to address the rising cost of power, according to Mr N. Srinivasan, Vice-Chairman and ...
PETROLEUM:
HPCL posts net loss of Rs 3,219 cr on high crude prices
Hindustan Petroleum Corporation Ltd (HPCL) has posted a net loss of Rs 3,218.92 crore for the second quarter of the current fiscal against a net profit of Rs 853 crore in the corresponding period last ...
PUBLIC SECTOR BANKS:
Interest income drives Andhra Bank net up
Hyderabad, Oct. 31 Andhra Bank’s net profit increased 6.8 per cent at Rs 161 crore in the second quarter ended September 30, 2008 compared with Rs 151.2 crore in the corresponding quarter of the previous ...
REAL ESTATE & CONSTRUCTION:
DLF net drops 4% in Q2
New Delhi, Oct. 31 DLF on Friday posted over four per cent drop in its consolidated net profit for the second quarter ended September, 2008 to Rs 1,935.3 ...
PAPER, BOARD & NEWSPRINT:
BILT net up marginally
New Delhi, Oct. 31 Paper major Ballarpur Industries Ltd (BILT) has reported a 5.34 per cent jump in its profit after tax for the quarter ended September 30 at Rs 76.97 crore against Rs 73.07 crore in the same period last ...
FERTILISERS:
FACT posts Rs 19 cr net in the first half
Kochi, Oct. 31 The public sector Fertilisers and Chemicals Travancore Ltd (FACT) has recorded a net profit of Rs 19.28 crore during the first six months of the current fiscal with a cash profit of Rs 41.6 crore as against a loss of Rs 92.1 ...
INFRASTRUCTURE:
IVRCL profit surges 63%
Hyderabad, Oct. 31 IVRCL Infrastructures & Projects Ltd has achieved a net profit of Rs 57 crore for the quarter ended September 30, 2008, a jump of 63 per cent over the comparable quarter figure of Rs ...
PRINTING:
Madhucon Q2 income up, net lower
Hyderabad, Oct. 31 Madhucon projects recorded income of Rs 242.89 crore with profit of Rs 12.81 crore for the second quarter ended September 30, as against a total income of Rs 158.67 crore and profit of Rs 13.50 crore for the ...
CEMENT:
Kakatiya Cements net up at Rs 7.27 cr
Hyderabad, Oct. 31 Kakatiya Cement, Sugar & Industries Ltd’s net profit more than doubled at Rs 7.27 crore in the second quarter ended September 30, 2008 compared with Rs 3 crore in the corresponding quarter of previous financial ...
AUTOMOBILE COMPONENTS:
Pricol’s sales up but provisioning pushes it into the red
Coimbatore, Oct. 31 Despite a near 15 per cent jump in income from operations and showing profit before interest and exceptional items, higher interest cost and exchange fluctuation loss pushed the automotive component manufacturer Pricol ...
TEA:
Higher volumes, prices buoy McLeod Russel Q2 profit
Kolkata, Oct. 31 Riding high on better average selling price of tea and larger sales volumes, McLeod Russel India Ltd, during the quarter ended September 30, 2008, posted a 45 per cent jump in operating profit at Rs 145.97 crore (Rs ...
ENGINEERING:
McNally Bharat to take up recast plan
Kolkata, Oct. 31 The board of directors of McNally Bharat Engineering Company Ltd at its meeting held on Friday resolved to consider proposed reconstruction of the company and its subsidiary, Sayaji Iron & Engineering Company Ltd, ...
PRIVATE BANKS:
Low market volumes dent Kotak Bank net
Coimbatore, Oct 31 Kotak Mahindra Bank’s net has dropped 36 per cent to Rs 47.86 crore for the quarter ended September 2008 against Rs 75.38 crore during the corresponding quarter ...
SOFTWARE:
GSS America net tad higher
Hyderabad, Oct. 31 GSS America Infotech, a consulting and software development company, has posted a net profit of Rs 21.53 crore in the second quarter ended September 30, 2008, as against Rs 20.67 crore in the first quarter, showing a growth ...
AUTOMOBILE COMPONENTS:
Bosch net up 15% in third quarter
Bangalore, Oct. 31 Bosch Ltd (formerly Motor Industries Co Ltd.) has posted an increase of 15.7 per cent in net profit to Rs 158.2 crore (Rs 136.7 crore) during the third quarter of its fiscal ...
CEMENT:
Birla Corpn turnover slips
Birla Corporation reported drop in turnover and net profit during the quarter to September 30, 2008. While turnover slipped to Rs 431.49 crore against Rs 455.83 crore in the corresponding period in the previous year, net profit dipped to Rs ...
PRIVATE BANKS:
Dhanalakshmi Bank net up 18%
...
NBFCS:
Srei Infra Fin net declines
Srei Infrastructure Finance Ltd reported a total operating income of Rs 243,92 crore in the quarter ended September 30, 2008 against Rs 162.46 crore in the corresponding period in the previous year. Net profit, however, declined to Rs 26.18 ...
ALUMINIUM:
Nalco posts higher net
During the quarter ended September 30, 2008, public sector aluminium giant National Aluminium Company Ltd posted a higher net profit of Rs 444.46 crore (Rs 439.73 crore in the same period of previous year) on a higher turnover of Rs 1,675.91 ...
PHARMACEUTICALS:
Vimta Lab's net up 31%
...
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