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CORPORATE RESULTS
DIVERSIFIED:
Subdued VSF, sponge iron biz hits Grasim profits
Q4 net profit down 35% at Rs 569 cr. Mumbai, May 19 Grasim Industries, an Aditya Birla Group company, saw its profitability in 2008-09 impacted by the poor performance of its viscose staple fibre (VSF) and sponge ...
ENGINEERING:
Thermax net up at Rs 287 cr
Energy and environment solutions company Thermax Ltd has posted a net profit of Rs 287 crore during FY09, a marginal increase from Rs 281 crore in the previous fiscal. Income from operations was at Rs 3,211 crore (Rs 3,156) on the back of ...
REAL ESTATE & CONSTRUCTION:
Sobha Developers’ full year net down 52%
To pay 10% dividend; co to raise Rs 325-400 cr thru QIP. Bangalore, May 19 With a slowdown that has practically brought the real estate market to a standstill, Sobha Developers recorded a 32 per cent dip in revenues for the financial year ...
PETROLEUM:
Essar Oil posts Rs 660 cr Q4 net profit
Mumbai, May 19 Strong retail sales and relatively stable crude oil price helped Essar Oil report Rs 660 crore net profit for the quarter ended March 31, against a net loss of Rs 8 crore for the year-ago ...
PHARMACEUTICALS:
Impairment loss offsets revenue growth for Dr Reddy’s
CIS, Russian markets improve company’s revenues. Drug maker Dr Reddy’s Laboratories reported a net loss for the quarter-ended March 2009, in spite of growing its revenues by about 50 per ...
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Markets (May 19)
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| Nifty (at 03.30 pm) | 4,318.15(-05.25) |
| US Dollar (Buy/Sell) | 47.78/80 |
| Brent crude (a bbl) Rs | 2,476 |
| Gold (a gram) Rs | 1,364 |
| Silver (a kg) Rs | 22,250 |
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