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CORPORATE RESULTS
SHIPPING/PORTS:
Mercator posts 15% rise in net
Long-term contracts have helped Mercator Lines post a 14.9 per cent increase in net profit for 2008-09 despite the collapse in the dry bulk shipping market last year. Net profit for the year ending March 31, 2009 was up at Rs 376.45 crore from ...
TEXTILE MACHINERY:
Lakshmi Machine hit by demand dip, liquidity crunch
Net profit in 2008-09 down by over 50%. Coimbatore, May 20 A combination of negative developments such as fall in demand and tight monetary conditions has had an adverse impact on the performance of textile machinery manufacturing major Lakshmi ...
ENGINEERING:
Bharat Forge Q4 net down 27% on auto sector downturn
Pune, May 20 The weakness in both the global and domestic automotive industry took its toll on the results of forgings major Bharat Forge Ltd (BFL) which posted a net profit of Rs 61 crore during Q4 2008-09 despite a gain of Rs 98.78 crore ...
NBFCS:
Bajaj Finserv posts Rs 107-cr net in Q4
Mumbai, May 20 Bajaj Finserv has reported a net profit of Rs 107 crore in the fourth quarter of 2008-09 against a net loss of Rs 21 crore in the corresponding period ...
SHIPPING/PORTS:
Mundra Port: Robust cargo volumes aid profit growth
BL Research Bureau Growth in cargo volumes and a healthy cargo mix suggest that the marginal decline in Mundra Port and SEZ’s revenues for the quarter ended March 2009 (compared to a year-ago number) may not be much cause ...
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