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CORPORATE RESULTS
PETROLEUM:
Oil bonds help IOC report 41% rise in net
New Delhi, Jan. 30 Oil bonds have come to the rescue of Indian Oil Corporation Ltd (IOC) in the third quarter of the current fiscal ended December ...
HCV/LCV/TRACTORS:
Tata Motors posts Rs 263-cr loss
Sees positive trend in present quarter. Mumbai, Jan. 30 Tata Motors has posted a loss of Rs 263 crore for the third quarter of the current fiscal, compared to a profit of Rs 499.05 crore in the same period last ...
PUBLIC SECTOR BANKS:
PNB net profit grows 86% on surge in treasury income
PLR cut by 50 bps; deposit and home loan rates trimmed. New Delhi, Jan. 30 Taking a cue from the RBI Governor, Dr Subbarao’s observation that banks had scope to further reduce lending rates, public sector lender Punjab National Bank (PNB) ...
NON-CONVENTIONAL ENERGY:
Suzlon posts Rs 390-cr net loss in Q3
Dented by forex losses, replacement of faulty turbine blades. Mumbai, Jan. 30 Wind turbine maker Suzlon Energy Ltd reported a standalone net loss of Rs 390.93 crore for the third quarter ended December 31, due to forex losses, provisions made ...
TEA:
Tata Tea net rises 10% on higher revenues
Mumbai, Jan. 30 Tata Tea Ltd has reported a 10 per cent increase in net profit at Rs 48.3 crore for the third quarter ended December 31, 2008, compared with Rs 43.7 crore logged during the year-ago ...
TELECOMMUNICATIONS:
Tulip Telecom Q3 profit falls 8% at Rs 49 cr due to forex losses
New Delhi, Jan. 30 Tulip Telecom Ltd has reported a decline of 8.2 per cent in profit to Rs 49.64 crore for the third quarter ended December 31, ...
FINANCIAL SERVICES:
JM Fin loss at Rs 2.56 cr
Mumbai, Jan. 30 JM Financial has reported a standalone net loss of Rs 2.56 crore and a consolidated net loss of Rs 230 crore for the quarter ended December 31, 2008, on account of provisions made by the company for the shrinking value of ...
STEEL:
JSPL posts Rs 325-cr net in Q3
Jindal Steel & Power Ltd (JSPL) has reported a net profit after tax of Rs 325.17 crore for the third quarter of 2008-09, up marginally by 1.92 per cent compared to Rs 319.05 crore in the same quarter of the previous fiscal. The ...
CEMENT:
Sagar Cements net down 65%
Sagar Cements Ltd’s net profit decreased 65 per cent to Rs 5.36 crore for the third quarter ended December 31, 2008, compared with Rs 8.88 crore in the corresponding quarter of the previous financial year. The total income had increased 13 ...
ELECTRICAL GOODS:
V Guard net falls by 38%
The net profit of V Guard Industries has fallen by 38 per cent to Rs 1.95 crore (Rs 3.17 crore) during the third quarter of the current fiscal. The reduction in the net profit was mainly due to the crash in commodity prices, the company pointed ...
STEEL:
Monnet Ispat Q3 sales up 39%
Monnet Ispat and Energy Ltd has recorded a net sales of around Rs 400 crore for the third quarter of the current financial year, up 39 per cent compared with Rs 288 crore in the same quarter last year. Net profit stood at Rs 33.50 crore. For ...
PUBLIC SECTOR BANKS:
IOB net profit increases 26%
Chennai, Jan. 30 Indian Overseas Bank has reported a 26 per cent increase in net profit at Rs 388.4 crore for the third quarter ending December 31, 2008, compared with the corresponding quarter of the previous year when it reported a ...
PUBLIC SECTOR BANKS:
Rise in treasury profits, interest income lift Oriental Bank net 82%
New Delhi, Jan. 30 An increase in treasury profits and interest income raised Oriental Bank of Commerce’s net profit for the third quarter ended December 2008 by 82 per cent to Rs 252 ...
ALUMINIUM:
Hindalco profit flat, sales down
Weak demand for aluminium in next quarter seen. Mumbai, Jan. 30 Hindalco Industries reported a marginal rise in net profit at Rs 545 crore in the third quarter of the financial year ended December 31, against Rs 543 crore logged in the same ...
SHIPPING/PORTS:
GE Shipping net down 18%
Mumbai, Jan. 30 Reduction in other income and marginal increase in interest and some exceptional items led Great Eastern Shipping to post a 18-per cent dip in net profit for the quarter ended December 31, 2008. The net profit for the ...
ELECTRICAL GOODS:
Siemens net rises 68% on one-time income
Mumbai, Jan. 30 Industry and infrastructure solutions provider Siemens Ltd notched up a 68 per cent rise in its net profit for the quarter ended December 2008, mainly helped by a one-time gain and fall ...
MEDICAL INSTITUTIONS & HOSPITALS:
Apollo Hospitals net rises to Rs 29.5 cr
Chennai, Jan. 30 Apollo Hospitals Enterprise Ltd has reported a net profit of Rs 29.53 crore on an income of Rs 373 crore for the quarter ended December 31, 2008. During the corresponding period in the previous year the company reported a ...
TRADING:
Adani Enterprises net down 54%
Ahmedabad, Jan. 30 Adani Enterprises Ltd, the flagship-cum-operating company of the Adani Group (except Mundra Port and SEZ Ltd), has seen its net profit decrease by 53.6 per cent in the third quarter ended December 31, 2008, compared to ...
NBFCS:
Srei Infra consolidated profits fall in Q3
Kolkata, Jan. 30 Srei Infrastructure Finance Ltd took a decision in last October to go slow on disbursements, concentrate on improving cost effectiveness, and intensify customer relationship till the time a clear picture on the economy ...
TELECOMMUNICATIONS:
MTNL net falls 40%
New Delhi, Jan. 30 Mahanagar Telephone Nigam Ltd has reported a 40.3 per cent decline in its profits to Rs 58.2 crore for the third quarter ended December 31, 2008 compared with Rs 97.6 crore for the corresponding quarter last ...
SHIPPING/PORTS:
Mundra Port Q3 profit surges 92%
Ahmedabad, Jan. 30 The Adani Group company Mundra Port and SEZ Ltd (MPSEZL) witnessed its net profit increase by 92.23 per cent in the third quarter of the current financial year, ended December 31, 2009, compared with the same quarter in ...
REAL ESTATE & CONSTRUCTION:
GMR Infra net dips 69%
Bangalore, Jan. 30 GMR Infrastructure Ltd has reported a reported a 69 per cent drop in net profit and a 79 per cent jump in income for the quarter ended Decemeber 31, 2008 over the same period last ...
CEMENT:
Binani Cement net down 84%
Mumbai, Jan. 30 Binani Cement reported an 84 per cent drop in net profit at Rs 9 crore in the third quarter of the financial year ended December 31, against a net profit of Rs 54 crore in the same period last year. Sales in the quarter ...
PRIVATE BANKS:
Karur Vysya Bank net up 28%
Coimbatore, Jan. 30 Karur Vysya Bank’s net profit for the third quarter of the current fiscal rose to Rs 59.25 crore against Rs 46.43 crore a year ago, registering a growth of 27.61 per cent. The operating profit increased 108.3 per cent ...
PAINTS:
Berger Paints net dips 35%
Kolkata, Jan. 30 The net profit of Berger Paints India Ltd, in the third quarter of 2008-09, declined by over 35 per cent to Rs 14.96 crore from Rs 23.25 crore during the same period ...
OUTSOURCING:
Hinduja Global net falls 8%
Bangalore, Jan. 30 Outsourcing solutions provider Hinduja Global Solutions, earlier known as HTMT Global Solutions, reported a 7.8 per cent decline in net profit for the December quarter though revenue increased 31.9 per ...
SOFTWARE:
Ramco Systems incurs Rs 10-cr loss in Q3
Chennai, Jan. 30 Ramco Systems Ltd reported a net loss of Rs 10 crore for the third quarter ended December 31, 2008, compared with a net profit of Rs 18 crore in the corresponding quarter ...
ENGINEERING:
Small dip in BEML net
Bangalore, Jan. 30 BEML Ltd’s third-quarter net profit has marginally dropped to Rs 58.74 crore year on year (Rs 59.2 crore). Net sales were nearly 2 per cent higher at Rs 632.8 crore (Rs 622 crore) year-on-year for the quarter ...
PRIVATE BANKS:
DCB reports net loss of Rs 3.22 cr
Mumbai, Jan. 30 The Development Credit Bank has reported a net loss of Rs 3.22 crore in the quarter ended December 2008, compared to a net profit of Rs 25.71 crore in the corresponding quarter in the year-ago period. Higher provisioning ...
PETROLEUM:
IGL net dips 15%
New Delhi, Jan. 30 Indraprastha Gas Limited (IGL) has reported a 15 per cent decline in net profit for the third quarter of the current fiscal at Rs 38.30 crore (Rs 45.02 crore). This has been due to demand of Rs 17.50 crore received ...
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