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Tuesday, January 20, 2009
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CORPORATE RESULTS

CEMENT: UltraTech Q3 net down 15% on high power, fuel costs
Mumbai, Jan. 19 Weighed down by high input costs, UltraTech Cement has reported a 15 per cent drop in net profit at Rs 238 crore (Rs 279 crore) for the third quarter of the current ...

DIVERSIFIED: ITC net up 8.7% in Q3
‘High costs, slowdown put pressure on profitability’. Kolkata, Jan. 19 ITC Ltd has registered a marginal growth of 8.7 per cent in net profit at Rs 903 crore for the third quarter ended December 31, 2008, against Rs 803 crore during ...

PRIVATE BANKS: Allahabad Bank Q3 net flat on higher provisioning
Sheds high-cost deposits worth Rs 6,000 cr; marginal rise in net NPAs. Kolkata, Jan. 19 Allahabad Bank has posted an almost flat growth in net profit at Rs 369 crore for the third quarter ended December 31, 2008, against Rs 365 crore during the ...

COKE & METALURGICAL COKE: Gujarat NRE Q3 net drops 73%
Ahmedabad, Jan. 19 Despite registering a decline in net profit by 73 per cent in the third quarter of fiscal 2007-08, due to lower price realisation, the country’s largest independent low-ash metallurgical coke producer Gujarat NRE ...

PUBLIC SECTOR BANKS: SBT net up 215% in Q3
Thiruvananthapuram, Jan. 19 The net profit of State Bank of Travancore (SBT) rose by 215 per cent during the third quarter ended December 31, 2008, compared with the same quarter in the ...

SOFTWARE: MindTree net drops 75%
Bangalore, Jan. 19 MindTree Ltd reported a 75.2 per cent drop in net profit for the December quarter, largely hurt by an $11-million mark-to-market provision for the period, and marginally pared standalone revenue forecast for ...

PUBLIC SECTOR BANKS: State Bank of Mysore net rises 157% on treasury gains
Bangalore, Jan. 19 State Bank of Mysore (SBM) reported a 157 per cent increase in net profit for the third quarter of the current financial year on the back of improved treasury ...

DIVERSIFIED: Jaiprakash Associates net up 6%
New Delhi, Jan. 19 Jaiprakash Associates Ltd, part of the diversified Jaypee Group, has registered net profit of Rs 165.51 crore for the quarter ended December 31, 2008 registering growth of six per cent over the corresponding quarter of ...

SOFTWARE: MRO Tek posts Rs 1.27-cr loss
Bangalore: MRO Tek, a leading last mile network solutions provider, has reported net loss of Rs 1.27 crore due to a huge erosion caused by foreign exchange fluctuation of Rs 51.79 lakh for the quarter ended December ...





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Markets (Jan 19)
Nifty (at close)2,846.20(+17.75)
US Dollar (Buy/Sell)48.65/66
Brent crude (a bbl) Rs2,132
Gold (a gram) Rs1,228
Silver (a kg) Rs19,090


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