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CORPORATE RESULTS
SOFTWARE:
Tech Mahindra Q2 net down 44%
Interest costs on Satyam acquisition impact profits. Mumbai, Oct. 20 Tech Mahindra has recorded a 44 per cent fall in its second quarter consolidated net profit largely due to interest costs incurred on borrowings for acquiring Satyam Computer ...
SOFTWARE:
Polaris second quarter net rises 3% despite lower revenues
Rate-cut, shift of business from onsite to offshore affect income. Polaris Software Lab reported a net profit of Rs 35 crore in the second-quarter ended September 30, 2009, compared with Rs 34 crore in the corresponding quarter last year — ...
PUBLIC SECTOR BANKS:
SBH profit rises 27%; net NPAs increase in Q2
Hyderabad, Oct. 20 State Bank of Hyderabad’s (SBH) net profit has increased 27 per cent at Rs 234 crore in the second quarter ended September 30, compared with Rs 185 crore in the ...
MINERALS:
Sesa Goa Q2 net halves
Mumbai, Oct. 20 The net profit of Sesa Goa, a Vedanta Group company, more than halved to Rs 139 crore in the second quarter of 2009-10, against Rs 306 crore in the same period last ...
TYRES:
Apollo Tyres reports over 10-fold rise in standalone net
New Delhi, Oct. 20 Buoyed by an uptake in the demand of commercial and passenger vehicle segment, Apollo Tyres Ltd reported more than ten-fold increase in its standalone net profit at Rs 102 crore for the quarter ended September 30, 2009 ...
SOFTWARE:
Subex posts lower losses in Sept quarter
Bangalore, Oct. 20 Telecom software maker Subex Ltd narrowed September quarter losses to Rs 3.2 crore from Rs 71.6 crore the previous year aided by better cost management. Revenues for the quarter declined by almost a fourth to Rs 109.7 crore ...
PAPER, BOARD & NEWSPRINT:
JK Paper’s net more than doubles
New Delhi, Oct. 20 JK Paper’s net profit has more than doubled to Rs 23.42 crore for the second quarter ended September 30, 2009, from Rs 9.07 crore a ...
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