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CORPORATE RESULTS
PETROLEUM:
Reliance Ind net down 6.4%
Gross refining margin more than halves to $6.3 a barrel. Mumbai, Oct. 29 Reliance Industries has posted a profit of Rs 3,852 crore for the second quarter ended September 30, a fall of 6.4 per cent from Rs 4,116 crore in the corresponding period ...
HCV/LCV/TRACTORS:
Utility vehicles, tractors drive M&M to record Rs 703-cr profit
Mumbai, Oct. 29 Higher sales volumes, lower raw material costs and excise duty helped Mahindra & Mahindra post its highest ever net profit of Rs 703 crore for the second quarter of this fiscal compared with Rs 206 crore in the same ...
PETROLEUM:
ONGC net profit rises 6% in Q2 on lower subsidy outgo
New Delhi, Oct. 29 ONGC has reported its first gain in five quarters by registering a 5.9 per cent increase in its net profit during the second quarter of ...
PUBLIC SECTOR BANKS:
Bank of India net drops 58% on higher provisioning
Seeks Rs 2,000-crore capital infusion. Mumbai, Oct 29 Higher provisioning for bad loans dragged Bank of India’s net profit down by 58 per cent to Rs 323 crore in the second quarter ending September 30, 2009 as against Rs 763 crore in the ...
PUBLIC SECTOR BANKS:
Treasury gains, high interest income lift PNB profit 31%
To sell 26% stake in housing finance arm. New Delhi, Oct. 29 Punjab National Bank on Thursday announced a 31 per cent rise in net profit at Rs 927 crore for the quarter ended September 30, 2009 against Rs 707 crore in the corresponding quarter ...
SOFTWARE:
Slowdown in demand pulls HCL Info Q1 net down 11%
HCL Infosystems on Thursday posted a nearly 11 per cent decline, year-on-year, in its consolidated net profit for the first quarter ended September 2009 at Rs 58.97 ...
PUBLIC SECTOR BANKS:
Other income growth boosts Corporation Bank’s net in Q2
Plans to raise Rs 500-600 crore this year. Mumbai, Oct. 29 Corporation Bank’s net profit rose 52 per cent to Rs 292 crore in the second quarter of 2009-10, against Rs 192 crore in the corresponding quarter ...
AIRLINES:
SpiceJet net loss at Rs 101 cr
New Delhi-based low cost airline SpiceJet has reported a net loss of Rs 101 crore for the quarter ended September this year. The airline had reported a net loss of Rs 198 crore in the same quarter in the previous year. In a statement to the ...
DIVERSIFIED:
Eveready profits zoom
Eveready Industries India Ltd has reported a PAT (profit after tax) of Rs 17.54 crore in the quarter to September 30 against Rs 2.26 crore in the corresponding quarter last year. Net sales grew to Rs 263 crore from Rs 219.13 crore. According to ...
POWER:
Power Grid Q2 net up 16%
Power Grid Corporation of India Ltd (PGCIL) announced a 16.03 per cent surge in net profit at Rs 459.97 crore for the quarter ended September 2009, up from Rs 396.43 crore in the same quarter the previous year. The company’s net sales for ...
HOTELS:
EIH posts net loss of Rs 9.7 cr
East India Hotels Ltd has posted a net loss of Rs 9.66 crore during July-September quarter of 2009-10 against Rs 31.31 crore profit during the corresponding period last fiscal. During the April-June quarter, EIH had recorded a profit of Rs ...
CEMENT:
Kakatiya Cement net dips 30%
Kakatiya Cement and Sugar Industries Ltd’s net profit plunged 29.7 per cent at Rs 5.11 crore in the second quarter ended September 30 compared with Rs 7.27 crore in the corresponding period last year. The revenue of the Hyderabad-based ...
REAL ESTATE & CONSTRUCTION:
DLF net profit tanks 77% in Q2
New Delhi, Oct. 29 Real estate major DLF Ltd on Thursday posted a 77 per cent fall in its consolidated net profit for second quarter ended September 2009 at Rs 440 crore compared with Rs 1,935 crore earned in the previous corresponding ...
FINANCIAL SERVICES:
JM Fin consolidated net surges 172%
Mumbai, Oct. 29 Robust investment banking and broking revenues pushed up JM Financial’s net profit up 172 per cent for the quarter ended September 2009 over the corresponding quarter last year. The consolidated net profit for the ...
AUTOMOBILE COMPONENTS:
Sundram Fasteners net profit doubles
Sundram Fasteners Ltd doubled its net profit to Rs 18.87 crore for the quarter ending September against Rs 9.17 crore recorded in the same quarter previous year, despite the company’s sales dropping 14 per cent to Rs 331 crore (Rs ...
SOFTWARE:
Sasken logs 58% rise in net profit on cost-cutting
Tighter cost control measures helped Sasken Communication report a 58 per cent rise in consolidated net profits for the September quarter over the year-ago period, while revenues slumped 23 per cent on ...
PUBLIC SECTOR BANKS:
Interest income props up Vijaya Bank net
Vijaya Bank has posted net profit of Rs 108.43 crore for the second quarter of this fiscal, up 35.7 per cent from Rs 79.88 crore recorded during the corresponding period last year, on the back of improved net interest income and other ...
PUBLIC SECTOR BANKS:
IOB second quarter net profit halves to Rs 176 cr
Chennai, Oct. 29 Indian Overseas Bank has reported a 50 per cent fall in its net profit for the July-September period of the current year. Its net slid to Rs 176 crore, compared with Rs 359 crore in the corresponding period of last year, ...
DIVERSIFIED:
Grasim net profit rises 61% on higher production
Grasim Industries, an Aditya Birla Group company, has reported a 61 per cent rise in net profit at Rs 781 crore (Rs 486 crore) in the quarter ended September 30, even as its revenue grew six per cent to Rs 4,743 crore (Rs ...
PETROLEUM:
Arbitration award helps Cairn India register 60% rise in net
Cairn India Ltd has reported a 60 per cent rise in its profit (consolidated) for the second quarter of the current fiscal. This is after two straight quarters of decline. The company reported a profit of Rs 469.5 crore compared with Rs ...
PHARMACEUTICALS:
Natco Pharma’s net up 12.6%
Natco Pharma Ltd’s consolidated net profit increased 12.6 per cent at Rs 13.37 crore in the second quarter ended September 30, 2009 compared with Rs 11.87 crore in the corresponding quarter of previous financial ...
DAIRY & DAIRY PRODUCTS:
Brisk growth in Britannia net
Bangalore, Oct. 29 Britannia Industries Ltd has reported a 10.8 per cent rise in net profit in the second quarter which stands at Rs 59.1 crore against Rs 53.3 crore in the corresponding quarter of the previous ...
OUTSOURCING:
Firstsource net rises 3% in Q2
Mumbai, Oct.29 Pure play back-office firm Firstsource Solutions has reported a 3.2 per cent rise in consolidated net profit for the second quarter ended September 30, 2009, to Rs 29.1 crore from Rs 28.2 crore reported a ...
POWER:
KSK Energy net dips marginally in Q2
Hyderabad, Oct.29 Higher cost of sales, fuel and personal expenses led to a marginal drop in net profit for KSK Energy Ventures Ltd at Rs 37.24 crore on revenues of Rs 106.99 crore for the second quarter ended September ...
HOUSING FINANCE:
LIC Housing net up on robust disbursements
Mumbai, Oct. 29 LIC Housing Finance’s net profit grew 27 per cent to Rs 171 crore in the September-ended quarter, aided by a robust growth ...
SOFTWARE:
Ramco Systems net up at Rs 53 lakh
Chennai, Oct. 29 Ramco Systems Ltd has posted higher net profit of Rs 53.21 lakh for the quarter ended September 30, 2009 against a net profit of Rs 2.48 lakh in the corresponding previous quarter. Its revenue, however, declined 22 per cent to ...
PETROLEUM:
BPCL prunes net loss to Rs 159 cr
Mumbai, Oct. 29 Bharat Petroleum Corporation has reported a net loss of Rs 158.77 crore for the quarter ended September 30, which is lower than Rs 2,625.27 crore in the same period last ...
FERTILISERS:
Tata Chem net profit down 20%
Mumbai, Oct 29 Sharp fall in sales pushed Tata Chemicals net profit down by 20 per cent to Rs 222.83 crore for the quarter ended September 30, 2009 from Rs 277.70 in the year ago ...
HOUSING FINANCE:
Dewan Housing Finance net up 70%
...
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