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CORPORATE RESULTS
TWO/THREE WHEELERS:
Bajaj Auto net rises 8% despite slump in sales
Focus to be on domestic market for growth: Rajiv Bajaj. Mumbai, May 21 Reduced raw material cost, a shift in focus to higher priced products and tax benefits helped Bajaj Auto post an eight per cent increase in standalone net profit at Rs 130 ...
SHIPPING/PORTS:
MPSEZ standalone Q4 net up 66%
Adani Group’s Mundra Port and Special Economic Zone Ltd (MPSEZ) posted a standalone net profit at Rs 151.19 crore (Rs 91.1 crore) up 66 per cent for the fourth quarter ended March 31, 2009. The net sales for the period decreased 13.4 per ...
SHIPPING/PORTS:
Varun Shipping net up 51% on forex gains
Mumbai, May 21 Varun Shipping Company reported a 51 per cent rise in net profit at Rs 122.8 crore for the year ended March 31, 2009, against Rs 81.5 crore in the ...
GENERAL INSURANCE:
Chola MS net down at Rs 7 cr
Chennai, May 21 Cholamanadalam MS General Insurance reported a marginal fall in net profit to Rs 7 crore for 2008-09, from Rs 7.2 crore in the previous ...
SOFTWARE:
MphasiS Q2 net up at Rs 224 cr
Bangalore, May 21 The MphasiS Group, the Indian IT services subsidiary of Hewlett-Packard, reported a consolidated second quarter net profit of Rs 224.5 crore on revenues of Rs 1,048.5 crore aided by steady bill rates and a weak rupee. Net ...
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