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CORPORATE RESULTS
SOFTWARE:
Slowdown effect tells on TCS
Co says there has been cancellation/slowdown of orders in verticals such as BFSI and telecom. Mumbai, Jan. 15 Tata Consultancy Services has reported its third consecutive quarter of muted growth as it encountered a decline in IT spending by ...
PRIVATE BANKS:
HDFC Bank Q3 net up 45%
Mumbai, Jan. 15 HDFC Bank recorded a 45-per cent growth in net profit at Rs 622 crore for the quarter ended December 31, 2008, against Rs 429 crore in the same quarter last year, on the back of strong growth in both interest income and ...
PRIVATE BANKS:
Other income lifts IndusInd net by 80%
NPA recovery in corporate portfolio higher than expected. Mumbai, Jan. 15 IndusInd Bank’s net profit grew by 80 per cent to Rs 45.06 crore for the third quarter of 2008-09, aided by a substantial rise in its ...
PESTICIDES:
Rallis records 11% rise in profit
Rallis India, a Tata Group company, has reported a 11.06 per cent rise in net profit at Rs 15.57 crore from Rs 14 crore registered in the same quarter last year. Net sales for the quarter rose 17 per cent to Rs 208 crore (Rs 180 crore). In the ...
SOFTWARE:
GTL lines up initiatives to cut costs
Net profits down 18% for December quarter. Mumbai, Jan. 15 In a bid to stay competitive in the current economic environment, network services provider GTL Ltd plans to achieve annual cost savings of Rs 60-70 crore by implementing a slew ...
NBFCS:
Bajaj Auto Finance profit rises 39%
Mumbai, Jan. 15 In a scenario of tight lending as a result of rising defaulters, Bajaj Auto Finance Ltd (BAFL) has posted a 39 per cent growth in net profit at Rs 11.28 crore in the quarter ending December 31, compared with Rs 8.12 crore ...
FOODS & FOOD PROCESSING:
Sanwaria Agro net down at Rs 3.42 cr
Mumbai, Jan. 15 Hit by a sharp fall in realisations, Sanwaria Agro Oils, soyabean processors and producers of refined soya bean oil, has posted a 78 per cent drop in net profit at Rs 3.42 crore for the quarter ended December 31, against Rs ...
FINANCIAL INSTITUTIONS:
PFC net up 6% in Q3
New Delhi, Jan. 15 State-owned lender Power Finance Corporation (PFC) has reported a 6 per cent jump in net profits at Rs 339 crore during the third quarter of the current fiscal, as against Rs 320 crore during the same quarter last ...
CEMENT:
JK Lakshmi Cement Q3 net down 8%
Mumbai, Jan. 15 JK Lakshmi Cement has reported an 8 per cent drop in net profit at Rs 56 crore for the third quarter ended December 31, against Rs 61 crore registered in the same period last year. Net sales in the quarter under review were up ...
LIFE INSURANCE:
Bajaj Allianz Life net at Rs 30 cr
Mumbai, Jan. 15 Bajaj Allianz Life Insurance Company has made a profit after tax of Rs 30 crore for the third quarter of 2008-09 compared to a loss of Rs 35 crore in the year-ago period, due to lower acquisition expenses and management ...
SOFTWARE:
Infotech net down 32 pc
Infotech Enterprises Ltd’ net profit declined 32.1 per cent to Rs 14.47 crore in the quarter ended December 31, 2008 compared with Rs 21.33 crore in the corresponding previous quarter. The revenue, however, grew by 31.6 per cent at Rs ...
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