27 October 2008

Other Results

Tata Power Q2 net rises marginally
Tata Power, India's largest private power utility, has seen a marginal rise in its fiscal second quarter net profit at Rs 261.93 crore, compa
red to Rs 257.43 crore last year, although the Mumbai-based company said the two quarters weren't comparable due to a change in accounting policies. Its revenue in the same period rose 45% to Rs 1,958.9 crore due to rise in fuel prices, Tata Power said in its statement announced after the results. "Our half yearly results reiterate continued stability of the company's operations. The company has organized loans for all its key projects and that mitigates the effect of the recent global financial crisis," said MD Prasad Menon. "We continue our focus on sustainable and renewable energy spanning wind power, hydro and geothermal. Some of our recent associations and growth plans have been focussed around this effort," he added. During the quarter, Tata Power announced its partnership with the Royal Government of Bhutan to develop the 114 megawatt hydroelectric power project over Dagachhu through Druk Green Power Corp and acquired a 26% stake in the project.
-------------------------------------------------

Gitanjali Gems Q2 net up 31 pc at Rs 35 cr, acquires GECL
Blue Star Q2 net at Rs 45 cr
NMDC Q2 net up 48 pc at Rs 945 cr
Videocon Industries Q4 net dips 29 pc at Rs 175.53 cr
JM Financial Q2 net falls 53 pc at Rs 20.89 cr
Other income boosts ICICI net
KEC International net dips 47%
Vakrangee Softwares net profit rises 51%
Areva net up 8% at Rs 52 crore

MRPL net dips 92 pc at Rs 24.92 cr
Godrej Industries Q2 net loss at Rs 9 cr
Tata Tea Q2 net up two-fold at Rs 217.76 cr
Blue Star net flat at Rs 45 crore
Tata Tele trims Q2 net loss to Rs 47 crore

T.V. Today Network net profit rises 41.68% in the September 2008 quarter
UTV Software Communications reports net profit of Rs 4.12 crore in the September 2008 quarter
Videocon Industries net profit declines 29.29% in the September 2008 quarter
Nitin Fire Protection Industries net profit rises 98.63% in the September 2008 quarter
Bhushan Steel net profit rises 38.26% in the September 2008 quarter
Nagarjuna Construction Company net profit rises 25.71% in the September 2008 quarter
NMDC net profit rises 47.64% in the September 2008 quarter

Indraprastha Gas net profit rises 17.11% in the September 2008 quarter
Tata Communications net profit declines 62.78% in the September 2008 quarter
K S Oils net profit rises 58.84% in the September 2008 quarter
Dewan Housing Finance Corporation net profit rises 36.57% in the September 2008 quarter

SourceET,CM etc

No comments: