Bajaj Auto consolidated net climbs 27.79% in Sep`07 qtr
India`s second biggest two wheeler maker, Bajaj Auto registered (Q, N,C,F)* a growth of 27.79% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 3,664.6 million, from Rs 2867.7 million in the same quarter of the previous year. The consolidated total income for the quarter climbed 1.75% to Rs 25,833.4 million compared with the corresponding quarter, a year ago.
While on standalone basis, Bajaj Auto reported a marginal growth of 5.93% in net profit (Q-o-Q growth of 48.55%) for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 3,364.20 million from Rs 3,175.90 million in the same quarter of the previous year. The earnings per share for the quarter climbed 5.73% (Q-o-Q growth of 48.21%) to Rs 33.2 compared with the same quarter, a year ago. The net sales for the quarter declined marginally 3.02% (Q-o-Q growth of 12%) to Rs 23,622.80 million, while the total income for the quarter fell 2.67% (Q-o-Q growth of 13.46%) to Rs 25,095.10 million, when compared with the corresponding quarter, a year ago. Shares of the company gained Rs 77.35, or 3.14%, to trade at Rs 2,538. The total volume of shares traded was 46,226 at the BSE. (2.15 p.m., Friday)
Wipro (consolidated) net up 17.64% in Sep`07 qtr (Update)
Wipro announced a 17.64% rise in consolidated net profit of Rs 8,237 million for the quarter ended September 2007, as compared to Rs 7,002 million, for the quarter ended September 2006. Total Income increased 34.65% to Rs 48,836 million, for the quarter ended September 2007, from Rs 36,270 million for the quarter ended September 2006.
On a standalone basis, the IT major reported 14.30% rise in net profit of Rs 7,603 million, for the quarter ended September 2007, as compared to Rs 6,652 million for the quarter ended September 2006. Net Sales of the company rose 24.96% to Rs 41,500 million in the quarter from Rs 33,211 million in the same quarter, a year ago.
Total Income increased 25.77% to Rs 42,450 million for the quarter ended September 2007, from Rs 33,753 million, a year ago.The diluted earnings per share stood at Rs 5.22 for the quarter ended September 2007.
Garware Offshore net jumps 5.32 times for Sep`07 qtr
Mumbai-based Garware Offshore Services, an offshore vessels owner, registered 5.32 times jump in net profit to Rs 235.3 million for the quarter ended Sep. 30, 2007, as against Rs 44.2 million in the corresponding quarter, last year. The company reported a total income of Rs 440.7 million (including Rs 171.9 million of exchange gain) for the quarter ended Sep. 30, 2007, an increase of 3.26 times as compared to total income of Rs 134.9 million for the quarter ended Sep. 30, 2006.
Motilal Oswal net jumps 3 fold in Sep`07 qtr
Mumbai-based brokerage house Motilal Oswal (Q, N,C,F)* Financial Services (MOFSL) reported a three-fold jump, in its net profit to Rs 330 million in the quarter ended September 2007 as compared to Rs 110 million in the corresponding quarter, last year. The company demonstarted a strong top line growth of 2.12 times, to Rs 1,530 million in the quarter as compared to Rs 720 million, in the same quarter, a year ago. This growth has been propelled by various strategic initiatives backed by favorable market conditions, the company said. New businesses have also registered robust growth. Investment banking advisory fees was up 52% to Rs 100 million, from last year`s figure of Rs 66 million; fund based income was up 2.43 times to Rs 65 million, as compared to Rs 27 million in the corresponding quarter last year, while asset management fees saw a 2.36 times rise to Rs 34 million, as compared to Rs 14 million in the corresponding quarter, last year.
Megasoft consolidated net up 73% for Sep`07 qtr
Godavari Fertilisers net up 47.56% in Sep`07 qtr
Godavari Fertilisers & Chemicals registered a growth of 47.56% in net profit to Rs 487.13 million for the quarter ended September 2007 from a profit of Rs 330.12 million during the same quarter, last year.Net Sales declined 24.03% to Rs 9,049.92 million for the quarter ended September 2007 from Rs 7,296.81 million during the same quarter, a year ago.Total income rose 24.16 times to Rs 9,065.88 million for the quarter ended September 2007, from Rs 7,301.95 million during the corresponding quarter, last year.
Ambuja Cements Q3 net rises 19.53% (Update)
Leading cement maker, Ambuja Cement (Q, N,C,F)* registered a growth of 19.53% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 2,924.40 million from Rs 2,446.60 million in the same quarter of the previous year. The company has posted diluted earnings per share of Rs 1.92 in the quarter.The net sales for the quarter climbed 32.09% to Rs 12,999.30 million, while the total income for the quarter rose 30.53% to Rs 13,183.20 million, when compared with the corresponding quarter, a year ago. During the quarter, the company commissioned a new 1 million ton cement grinding unit at Roorkee in Uttaranchal. An upgradation project in the clinkerisation unit at Rabriyawas, Rajasthan, was also completed, increasing the clinker capacity from 1.6 to 2.0 million tons, the company said.
Tech Mahindra net rises 3.37% for Sep`07 qtr
Uttam Galva net rises 10.84% for Sep`07 qtr
Asian Paints Q2 consolidated net climbs 37.63%
Aztecsoft net up 10.83% in Sep`07 qtr
Bannari Amman net down 87.23% in Sep`07 qtr
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