The Hindu Business Line : Sunday, August 02, 2009

CORPORATE RESULTS

NON-CONVENTIONAL ENERGY: Lower sales push Suzlon into the red
Posts Rs 462 cr consolidated loss in Q1; income from operations up 33%. Mumbai, Aug. 1 Suzlon Energy has reported a net loss of Rs 462 crore, on a consolidated basis, for the first quarter ended June 30, compared with a Rs 52-crore profit in the ...

STEEL: Forex gains help Graphite profts
...

OILSEEDS & EDIBLE OIL: Sanwaria Agro net rises
...

REAL ESTATE & CONSTRUCTION: Gayatri Projects profit stays flat
Gayatri Projects managed to retain its net profit of Rs 11.96 crore (Rs 11.25 crore in the corresponding quarter) in spite of a 40.47-per cent growth in revenue at Rs 291 crore (Rs 207 crore) for the quarter ended June 30. The Managing Director ...

ENGINEERING: McNally Bharat Q1 net doubles
McNally Bharat recorded net sales of Rs 269 crore in the first quarter to June 30 against Rs 131.80 crore during the comparative quarter last year. Net profit almost doubled to Rs 8.07 crore against 4.07 crore. The company in a note said that ...

PLASTICS: Moldtek Plastics posts 71% rise in net
Moldtek Plastics Ltd’s net profit increased 71.5 per cent at Rs 3 crore for the first quarter ended June 30 against Rs 1.76 crore in the corresponding period last year. The total revenue of the Hyderabad-based company increased six per cent ...

REAL ESTATE & CONSTRUCTION: Gammon India net falls 52%
Gammon India has posted a net profit of Rs 25.06 core for the quarter ended June 30, down by 52 per cent from Rs 52.43 crore. Net sales were, however, higher at Rs 850.45 crore (Rs 585.24 crore), the company said in a communication to the ...

REAL ESTATE & CONSTRUCTION: Demand slowdown drags down Unitech net
Real estate company Unitech Ltd has posted nearly 63 per cent fall in its consolidated net profit for the first quarter ended June 2009, at Rs 158 ...

STEEL: RINL posts Rs 1, 335 cr profit in 2008-09
Visakhapatnam, Aug. 1 Rashtriya Ispat Nigam Ltd (RINL) here posted a sales turnover of Rs 10,411 crore during 2008-09, though “it was a turbulent year for the company,” according to Mr P. K Bishnoi, Chairman and Managing ...

HARDWARE: Moser Baer back in the black
New Delhi, Aug. 1 Moser Baer India Ltd posted a net profit of Rs 2.7 crore for the first quarter ended June 30 after rising from a loss of about Rs 104 crore in the year-ago period. Strong operating cash flows and improved profit margins ...

INFRASTRUCTURE: High interest costs hit GMR Infra profit
High interest costs and higher depreciation have pulled down the net profit of GMR Infrastructure by 70 per cent to Rs 22.53 crore (consolidated) during the first quarter of this fiscal, while net sales have grown 33 per cent to Rs ...

CEMENT: Bheema Cements net up 29%
Bheema Cements net profit increased 29 per cent at Rs 5.47 crore (Rs 4.23 crore) in the first quarter ended June 30. “Better price realisation and decrease in raw material costs, among others, were behind the growth in profit,” Mr ...

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Markets (July 31)

Nifty (at close)	4,636.45(+35.00)
US Dollar (Buy/Sell)	47.94/95
Brent crude (a bbl) Rs	3,339
Gold (a gram) Rs	1,382
Silver (a kg) Rs	23,565

AI restructures operations to cut cost

Interest subvention for exporters extended

Lower sales push Suzlon into the red

Demand slowdown drags down Unitech net

Looking back
Jul. 26-Aug. 1
Ashok Leyland Q1 net profit falls 84%

Bank of Baroda net up 85% on strong trading gains

Treasury income lifts Corporation Bank profits

Indian Oil pumps up nine-fold rise in Q1 profits

Tata Chem profits up 59% on demand growth

Syndicate Bank QI net soars on growth in treasury income

Tata Power profit doubles to Rs 396 cr