16 January 2008

Results: TCS, Welspun Guj, Petronet, MRPL, India cement, Allahabad Bank, LIC Hsg, Chambal etc

TCS Q3 consolidated net rises 18.87% (Update)

India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit supported by healthy revenues for the quarter ended December, 2007. During the quarter, the company saw a rise in consolidated profits to Rs 13,266.70 million from Rs 11,161 million in the same quarter last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago. Q3 Highlights: > 54 new clients added in Q3> 7522 employees joined in Q3> Standalone net profit rose 2.78% on Q-o-Q > Standalone net sales climbed 5.63% on Q-o-Q > Standalone total income went up 5.55% on Q-o-Q > EPS at Rs 13.56 in Q3> Quarterly dividend of Rs 3 a share.

TCS Q3 standalone net profit up 2.7%
16 Jan, 2008, 1938 hrs IST
Tata Consultancy Services’ standalone net profit for the quarter ended December 31, 2007 was Rs 1,178.99 crore, marginally higher from Rs 1,147.11 crore reported in the same quarter previous year.

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Welspun-Gujarat Stahl Rohren Q3 net profit jumps 136%

Welspun-Gujarat Stahl Rohren October-December net profit jumped 136.40 per cent to Rs 97.4 crore from Rs 41.2 crore in the same quarter a year ago. Total income for the quarter increased to Rs 1,038.6 crore from Rs 745.6 crore in the year-ago period. At 2:46 pm, Welspun-Gujarat Stahl Rohren shares were down 3.98 per cent at Rs 492 on BSE.
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Allahabad Bank Oct-Dec net up 27.6%

State-run banker Allahabad Bank reported a net profit of Rs 3,650.50 million in the three months ended December 31, 2008 versus Rs 2,861.28 million in the corresponding period. The interest income was Rs 15,834.89 million as compared to Rs 13,049.57 million in the said quarter. A poll of analysts had forecast a net profit of Rs 2,580 million.

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Asian Granito Oct-Dec net Rs 7.36 crore

Asian Granito India Ltd on Wednesday reported a net profit of Rs 7.36 crore in Oct-Dec on net sales of Rs 51.5 crore. Comparable year-ago figures were not immediately available for the company that listed in August 2007.

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Mangalore Refinery’s Q3 net profit up 192.59% YoY

Mangalore Refinery’s net profit for the quarter ended December 31, 2007 was Rs 346.60 crore, up from Rs 118.46 crore in the same quarter of previous year. Net sales for the period increased 11.28 per cent to Rs 8,138.28 crore, from Rs 7,313.30 crore a year ago. Other income for the December quarter fell 63.38 per cent to Rs 30.81 crore against Rs 84.14 crore same quarter last year. Both the figures include net exchange fluctuation gains of Rs 12.84 crore and Rs 72.77 crore, respectively. Wednesday on BSE, MRPL shares closed down 2.74 per cent at Rs 127.70.

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Petronet LNG Q3 net profit up 54.01% at Rs 131.07 cr

Petronet LNG reported a net profit of 54.01% for the quarter ended December at Rs 131.07 crore vs Rs 85.1 crore in the same quarter a year ago. Total income grew to Rs 1,593.09 crore from Rs 15,847.26 in the same period. At 2:14 pm, Petronet LNG shares were at Rs 105.25, down 4.36 per cent.
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India Cements Q3 net profit up 59%

India Cements’ net profit for the quarter ended December 31, 2007 rose 59.25 per cent to Rs 127.05 crore compared with Rs 79.78 crore in the same quarter of previous year. Total income for the October-December quarter increased 57.66 per cent to Rs 857.56 crore, from Rs 543.92 crore a year ago. The accounts for the current quarter have been prepared after taking into account the transactions of erstwhile Visaka Cement Industry Ltd and are therefore not comparable with the corresponding figures of previous period. At 1:13 pm, India Cements shares were down 6 per cent at Rs 257.60 on BSE.

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LIC Housing Finance Q3 net profit rises 38%

LIC Housing Finance net profit after tax rose 38.39 per cent to Rs 106.02 crore for the quarter ended December 2007 compared to Rs 76.61 crore in the same quarter last year. Total income increased to Rs 551.62 crore from Rs 404.10 crore year earlier.

Chambal Fertilizers Q3 net profit down 10% YoY
Wallfort posts Rs 12.03 crore net profit in Q3; share up 5%
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Infotech Ent Q3 net profit at Rs 17.7 cr
16th-Jan-2008
Infotech Enterprises announced its Q3 FY08 numbers.In the third quarter of FY08, its net profit was at Rs 14.78 cr versus Rs 23 cr in the previous quarter. During the same period, its net sales were at Rs 113 crore versus Rs 161 crore, QoQ.

Zuari Ind Q3 net profit up at Rs 30.92 cr
16th-Jan-2008
Zuari Industries has announced its third quarter results. The company’s Q3 net profit was up at Rs 30.92 crore versus Rs 12 crore.
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TCS Q3 consolidated net rises 18.87% (Update)

Himadri Chemicals net rises 29.59% in Dec`07 qtr
Himadri Chemicals & Industries disclosed a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 29.59% rise in profit to Rs 218.10 million from Rs 168.30 million in the quarter ended December 2006.Net sales for the quarter rose 3.77% to Rs 901.30 million compared with Rs 868.50 million in the corresponding quarter, a year ago.

Rallis India net up 61.15% for Dec`07 qtr
Rallis India reflected a conspicious rise in net profit of 61.15 % during the quarter ended Dec. 31, 2007, of Rs 140.20 million, as against Rs 87 million in the same quarter of the previous year.
The total income for the above quarter was at Rs 1842.80 million as against Rs 1756.90 of the previous, revealing a marginal 4.89 % rise.
The Net Sales of Rallis India (Q, N,C,F)* for the quarter ended Dec. 31, 2007, were at Rs 1831.40 million, rising marginally 6.36%, as against Rs 1,721.90 million in the same quarter of the previous year.

MRPL Q3 net zooms 2.93 times
Zuari Industries Q3 net 2.52 times on better margins
Shree Ganesh Forgings net surges 70.52% in Dec`07 qtr
State Bank of Mysore net rises 29.04% in Dec `07 qtr
Vardhman Textiles Q3 net slips 22.24%
Petronet LNG net rises 54.03% in Dec `07 qtr
Allahabad Bank Q3 earnings rise 27.58%
LIC Housing Q3 net climbs 38.39%; income rises 36.17%
India Cements net up 59.25% for Dec`07 qtr
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