Result Updates

Hindustan Zinc Q2 net profit at Rs 1,148 cr

Hindustan Zinc has come out with second quarter numbers. It has posted net profit of Rs 1,148 crore for the quarter ended September 2007 as against Rs 1,298 crore in same quarter of previous year.
Net sales stood at Rs 1,984 crore and other income increased to Rs 144 crore from Rs 46 crore.

Strong disbursements growth fuel profitability of Dewan Hsg

Dewan Housing has declared its second quarter numbers. Its second quarter net profit stood at Rs 16.2 crore versus Rs 11.5 crore, QoQ.
It total income stood at Rs 125.4 crore versus Rs 76 crore.
Dewan Housing - Strong disbursements growth fuel profitability
NII up 57.6% to Rs 36.58 crore versus Rs 23.21 crore, driven by strong disbursments growth @ 12.37% yoy as well as decline in cost of funds which helped improve margins
Company targets disbursements growth @ 25-30% yoy for next 5 years driven by retail segment
Staff expenses went up by 62% yoy to Rs 4.13 crore, while other operating expenses rose 67.6% yoy to Rs 11.44 crore; which can be attributed to expansion in branch network
Disbursements/Sanctions ratio stood at 87.89% for Q2
PAT grew 41.3% yoy to Rs 16.16 crore versus Rs 11.43 crore, supported by strong topline and contained operating expenses
NPAs remain under check, @ 1.2% of total loans
Effective tax rate also increased slightly to 22% from 15% yoy
Declared interim dividend at Rs 1.50/sh (15%).


LIC Housing Finance: Results exceeds expectations:

LIC Housing Finance: Results exceeds expectations.
Stronger than expected disbursements growth with margin expansion led to above expected profit growth- NII grew 435 yoy to Rs 162.74 cr vs Rs 116.33cr driven by strong individual loan growth, which rose to Rs 183.4bn- NIMs expanded 56 bps to 3.24% vs 2.68% , surpassing our expected 2.5% margins, on the back of 134 bps expansion in yields to 10.3% from 8.96% following the wake of rate hikes by the company. Rise in yields was higher than 84 bps rise in cost of funds to 8.55%.- Asset quality remained strong despite high share of retail lending , Net NPAs at 1.65% and we expect it to decline to close to 1% by end FY08e- Loan-to-Value ratio stood at 53%, down from 58% , indiacting lower level of risk taken by the HFC- PAT grew 53% yoy to Rs 116.37cr vs Rs 75.93 cr, driven by strong core earnings and spurred on by provision write-back of Rs 13.62cr this qtr.

Eicher Motors Q2 net profit at Rs 16.7 cr

Eicher Motors has announced its second quarter numbers. It has reported net profit of Rs 16.7 crore and net sales of Rs 537 crore.

Sonata Software Q2 net profit at Rs 12cr

Sonata Software has declared its Q2 results. Its Q2 net profit stood at Rs 12 crore versus Rs 14 crore, QoQ.


PSL net rises 41.49% in Sep`07 qtr

PSL disclosed a good increase in net profit for the quarter ended September 2007. During the quarter, the company experienced a 41.49% rise in profit to Rs 191.30 million from Rs 135.20 million in the quarter ended September 2006.Net sales for the quarter rose 60.86% to Rs 4,964.50 million compared with Rs 3,086.20 million in the corresponding quarter, a year ago

Finolex Industries net rises 19.55% for Sep`07 qtr

Finolex Industries, the largest PVC pipe manufacturer in India, disclosed a steady rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 19.55% rise in profit to Rs 239.09 million from Rs 199.98 million in the quarter ended September 2006.Net sales for the quarter rose 66.64% to Rs 3,264.28 million compared with Rs 1,961.16 million in the corresponding quarter, a year ago. Total income rose 68.17% to Rs 3,449.93 million for the quarter ended September 2007 from Rs 2,051.36 million for the same period, last year

Ingersoll-Rand net rises 5.76% for Sep`07 qtr

Lumax Industries net rises 7.94% in Sep`07 qtr

Rolta India consolidated net up 44.21% in Sep`07 qtr

On consolidated basis, Rolta India, (Q, N,C,F)* a global market leader in providing specialized IT-based solutions to the geospatial and engineering sectors, posted 44.21% rise in net profit after minority interest to Rs 538.20 million for the quarter ended Sep. 30, 2007 as compared with Rs 373.20 million for the quarter ended Sep. 30, 2006. Total income increased 46.65% to Rs 2,306.60 million for the quarter ended Sep. 30, 2007 from Rs 1,572.80 million for the quarter ended Sep. 30, 2006.The company, on standalone basis, disclosed 53.34% rise in net profit to Rs 613.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 400.35 million for the same quarter, last year. Total income increased 52.34% to Rs 2,036.40 million for the quarter ended Sep. 30, 2007 from Rs 1,336.70 million for the same quarter, a year ago.
Net sales for the quarter grew 47.37% to Rs 1,933.50 million as compared with Rs 1,311.94 million in the corresponding quarter, last year.


Zensar Technologies net rises 2.55 times in Sep`07 qtr

DHFL net rises 41.34% in Sep`07 qtr

Gujarat Fluorochemicals Q2 net zooms 55.44%

HZL net drops 11.55% for Sep`07 qtr

HCL Infosystems consolidated net rises 7.54% in Sep`07 qtr

Inox Leisure net up 19.4% for Sep`07 qtr

Inox Leisure registered a 19.40% growth in net profit to Rs 83.10 million for the quarter ended September 2007 from a profit of Rs 69.60 million for the correponding quarter, last year.
Net sales rose 39.08% to Rs 541.70 million for the quarter ended September 2007 from Rs 389.50 million in the same quarter, a year ago.
Total income rose 45.20% to Rs 580.20 million for the quarter ended September 2007, from Rs 399.60 million for the quarter ended September 2006.

India Cements net jumps 90% in Q2 (update)

Southern cement major, India Cements (Q, N,C,F)* announced a 89.78% jump in net profit at Rs 2,226.50 million for the quarter ended September 2007 compared with Rs 1173.20 million for the quarter ended September 2006. Net Sales rose 72.41% to Rs 8,902.30 million in the quarter from Rs 5,163.50 million in the same quarter, a year ago.Total Income rose 73.26% to Rs 8,960.90 million for the quarter ended September 2007 where as the same was at Rs 5,171.80.00 million for the quarter ended September 2006.

IL&FS Investment Managers Q2 net climbs 60.78%

IL&FS Investment Managers announced a 60.78% jump in net profit at Rs 59.81 million for the quarter ended September 2007 compared with Rs 37.20 million for the corresponding quarter, last year.
Operating Income rose 53.17% to Rs 172.06 million in the quarter from Rs 114.29 million in the same quarter, a year ago


Shanthi Gears net up 52% in Sep`07 qtr

Shanthi Gears announced a 52.44% jump in net profit at Rs 105.03 million for the quarter ended September 2007, compared with Rs 68.90 million for the quarter ended September 2006.
Net Sales rose 26.16% to Rs 593.65 million in the quarter from Rs 470.55 million in the same quarter, a year ago.Total Income stood at Rs 595.59 million for the quarter ended September 2007, where as the same was at Rs 471.04 million for the quarter ended September 2006.

Zandu Pharmaceutical net up 8.50% for Sep`07 qtr

India Glycols Q2 net jumps 2.33 times

India`s biggest ethoxylate, glycol manufacturer, India Glycols (Q, N,C,F)* registered a phenomenal rise of 2.33 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 482.7 million, from Rs 206.9 million, in the same quarter of the previous year. Earnings per share for the quarter jumped 2.33 times to Rs 17.31 compared with the same quarter, a year ago

GNFC net rises 63% in Sep`07 qtr

Gujarat Narmada Valley Fertilizers (GNFC) announced a 63.06% jump in net profit of Rs 1,205.80 million for the quarter ended September 2007 where as the same was at Rs 739.50 million for the quarter ended September 2006. Net Sales rose 65.91% to Rs 11,411.80 million from Rs 6,878.30 million a year ago.

Emco Q2 net climbs 19.29%



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.indiaearnings.com www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.