30 October 2009

ICICI Q2 net up 2.6% beats forecast; Bharti Airtel Q2 net up 13%, lags forecast

ICICI Q2 net up 2.6%; beats forecast

MUMBAI: ICICI Bank, India's No.2 lender, posted a small but unexpected rise in quarterly profit, helped by trading gains and lower provisions,

which offset a rise in bad debts.

ICICI said July-September net profit rose to 10.40 billion rupees ($221 million) from 10.14 billion rupees a year earlier. A Reuters poll of analysts had forecast net profit of 9.5 billion rupees.

ICICI has slowed lending as it tackles increasing bad loans in its mainstay retail market. Top lender State Bank of India is expected to say its July-September profit rose nearly 9 percent, helped by bond trading income, when it reports on Saturday, the poll found.

Shares of ICICI, valued at more than $21.3 billion, rose by a quarter in July-September, beating a 20 percent rise in the sector and an 18 percent gain on the benchmark index


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Bharti Airtel Q2 net up 13%, lags forecast

NEW DELHI: Bharti Airtel Ltd, India's top mobile operator, on Friday reported a 13 percent rise in quarterly profit that lagged analysts'

estimates as an increasing number of low-paying users and price competition weighed.

New Delhi-based Bharti, in which Southeast Asia's top phone firm SingTel owns more than 30 percent, said net profit rose to 23.21 billion rupees ($495 million) under U.S. accounting rules in its fiscal second-quarter ended September from 20.46 billion reported a year earlier. Revenue rose 9 percent to 98.46 billion rupees from 90.20 billion.

A Reuters poll of 11 brokerages had forecast a net profit of 24.41 billion rupees on revenue of 103.55 billion for Bharti, which added 8.1 million mobile users in the quarter to take its customer base to 110.5 million.

India's mobile industry, the world's fastest-growing major market, is becoming increasingly competitive, with existing players cutting rates to attract subscribers before four new firms start operation this year.

Bharti shares have lost nearly a quarter in October, while second-ranked Reliance Communications is down by almost a third in the face of the price war. Bharti shares gained 4.4 percent in the September quarter, underperforming the broader market.



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GSK Pharma Q3 profit rises 7 pc to Rs 141 cr

Mundra Port Q2 profit jumps 55 pc to Rs 174 cr

Alok Ind Q2 FY'10 operating PAT up 26.18 pc at Rs 57.11 cr
30 Oct 2009, 1353 hrs IST

Integrated textile company Alok Industries on Friday said its operating profit after tax rose 26.18 per cent at Rs 57.11 crore in Q2 FY'10 against Rs 45.26 crore in the year-ago period.

Grasim Industries Q2 net profit at Rs 881.84 cr

Oil India Sep qtr net up 0.79 pc to Rs 722.56 cr



Src: EconomicTimes.INdiatimes.com, Moneycontrol.com


Srisai's Instinct Stock Calls (Dt: 30.10.2009)

Srisai's Instinct Stock Calls from Dt: 29.10.2009

This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...


Nifty Future cmp 4774

Nifty Future will Face strong resi @ 4870-4880 levels... So Book some LONG profits at this level... Other Resi @ 4905-4930 levels... Supp @ 4757-4732-4687



Reliance Industries cmp 1999

Results Disappointed mkt estimates... Profit Rs 3852 cr Vs 4122 cr (MKt esti: 3850-4020 cr).... GRM Fell @ $6.. Stock may open 2-3 down in next few sessions..



TOday Results & Listing

ICICI, Bharti, SAIL etc...
INdiabulls Power Listing today. Price:Rs 45.


Tata Chemicals: cmp 252

Good set of Results... Buy For investments..



DLF cmp 375

Bad set of Results.... Profit down 77% to Rs 440 cr.. Supports at 330-340 levels... Buy at this level....



Bye

Srisai...

RIL records 6% dip in profit

RIL records 6% dip in profit

Despite doubling the refinery capacity and commissioning of natural gas production, India’s largest private sector company Reliance Industries

posted a 6% dip in its net profit to Rs 3,852 crore in the September 2009 quarter.

However, the new businesses took the company’s gross profit and pre-tax profit to their highest-ever levels, only to be hampered by a rise in depreciation due to new projects going live and MAT-induced tax.

Although its refinery throughput nearly doubled over the year-ago period, the profits from refining halved, denting the company’s bottomline, which could not be repaired by higher margins in the petrochemical business and doubling of oil & gas profits.

Global oversupply of refined products on the one hand and a crash in the differential between best and worst quality crude oils resulted in pressure on RIL’s refining margins. RIL’s refineries are better-equipped to process the worst quality crude oil, which have traditionally been available at a significant discount to the best quality ones, thereby earning a better margin compared to peers. RIL’s gross refining margins (GRM) dipped to $6 per barrel, the lowest in at least five years.

The company’s petrochemicals
business, however, did much better against the market expectations, showing margin growth and recording its highest-ever quarterly profit in history at Rs 2,195 crore. Strong domestic demand and an11% depreciation in rupee value against the year-ago period helped the company improve its realisations.

RIL’s sales from petrochemicals business fell 14% despite a 8% y-o-y growth in volumes due to overall lower prices.
The oil & gas segment of the company, which is fast gaining prominence with growing gas volumes from KG basin fields, reported a three-fold rise in sales. Still, an erosion in margin resulted in restricting the profit growth at 90% y-o-y at Rs 1,226 crore.

Going forward, the ramping up of KG basin gas will keep propping up the company’s profitability while the refining business continues to suffer. The petrochemical business, too, is likely to witness increasing margin pressure over the next 2-3 quarters. However, the company would be able to reap full benefits of its expanded capacities once these cyclical businesses see an upturn.


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Reliance Ind net down 6.4%

Reliance Ind net down 6.4%
Gross refining margin more than halves to $6.3 a barrel.

Our Bureau

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 last year.

For the half-year period, profits were down 8.5 per cent to Rs 7,518 crore (Rs 8,220 crore).

Gross refining margin fell to $6.3 a barrel from $14.4. In addition, the depreciation doubled to Rs 2,400 crore during the quarter while the tax outgo rose to Rs 800 crore (Rs 344 crore).

Total revenue increased by 6.1 per cent to Rs 48,843 crore (Rs 46,014 crore). However, for the first half, it was down 8.7 per cent to Rs 81,284 crore (Rs 88,998 crore). During the period, exports were down 26 per cent to Rs 43,035 crore.

“The timely completion of the new SEZ refinery and the deepwater, oil and gas KG D6 block and their safe and stable ramp-up are noteworthy accomplishments. These projects have contributed meaningfully in RIL achieving a record level of profits despite the challenging business and economic environment,” Mr Mukesh Ambani, Chairman, said.

Operating profit before other income and depreciation was up 7.9 per cent to Rs 13,601 crore (Rs 12,608 crore). Other income was higher at Rs 1,337 crore (Rs 377 crore) due to higher interest income on account of higher cash and cash equivalents totalling Rs 19,421 crore.

Net capital expenditure for the quarter was Rs 7,831 crore. According to RIL, total gas production from the Krishna-Godavari D6 basin is now 40 million metric standard cubic metres (mmscm) a day.

Production has kicked off in 16 of the 18 wells at KG D6 and the total production during the quarter was 222,104 tonnes of crude oil and 4,813 mmscm of natural gas.

KG D6 has constantly been in the news with the latest relating to RIL’s letter to the Centre seeking new buyers for its gas fearing that the reserves could be damaged otherwise. Since then, a Government-appointed panel has allocated 50 mmscm of additional gas to power plants, refineries etc.

Experts say that the transport sector could also benefit from the KG D6 gas though this would call for creation of a national gas grid which could effectively supplement conventional fuels such as petrol and diesel.

RIL’s global exploration and production business comprises 14 blocks spread across Peru, Yemen, Oman, Northern Iraq, Colombia, East Timor and Australia.

At home, the Jamnagar refinery processed 27.63 million tonnes of crude oil, up from 16.34 million tonnes last year. The utilisation rate was nearly 90 per cent, which was higher than other refineries in North America (82.1 per cent), Europe (77.1 per cent) and Asia (79.3 per cent). Exports of refined products totalled $7.5 billion.

In the petrochemicals segment, domestic demand for most products remained strong with polymers demand higher by 25 per cent, polyester by 15 per cent, and fibre intermediates by seven per cent.

The company says there was a substantial improvement in the overall petrochemical margins as the industry was operating on a low level of inventory.

The RIL scrip closed at Rs 2003.85 on Thursday, down 1.56 per cent.

RIL Q2 net down, Tulsian sees stock correcting by Rs 70

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RIL net drops 6.4% on refining margin pinch


Reliance Industries Ltd (RIL), India’s largest private sector company, reported a fourth straight decline in quarterly profits on shrinking refining margins and reduced exports due to a global economic downturn.

The company today posted a 6.4 per cent fall in net profit at Rs 3,852 crore for the second quarter (July-September) of this year compared to Rs 4,116 crore in the year-ago period.

Refining margins more than halved to $6 a barrel from $13.3 a barrel a year earlier. The results met the Street’s expectations because gas production from its Krishna-Godavari (KG) fields helped offset lower refining margins.

MORE PAIN
(RIL’s Q4 performance in Rs crore)
Q2 ‘09 Q2 ‘10 % Chg
Net turnover 44,688 46,848 4.8
Net profit 4,116 3,852 -6.4
Refining margin ($) 13.3/bbl 6/bbl -54.9

Kamlesh Kotak, Head, Asian Market Securities, said RIL’s performance was expected to be subdued anyway. “We see the refining margins low till December. The market is keenly watching the gas dispute (between the two Ambani brothers), as nothing else seems to be greatly positive,” he said.

RIL said the decline in profits was also due to higher depreciation and tax provisioning. Depreciation during the quarter went up 91.4 per cent to Rs 2,432 crore against Rs 1,270 crore in the corresponding previous quarter. The

provision for tax has more than doubled to Rs 800 crore against Rs 344 crore

in the corresponding previous quarter, owing to the higher minimum alternate tax (MAT) rate announced in the last Budget.

RIL Chairman Mukesh Ambani said the timely completion of the new SEZ refinery and the deepwater oil and gas KG-D6 block and their safe and stable ramp-up are noteworthy accomplishments for the company. “These projects have contributed meaningfully in RIL achieving a record level of profits, despite the challenging business and economic environment,” he said.

During the quarter under review, revenue from the oil and gas segment, which includes exploration, development and production, more than tripled to Rs 2,937 crore against Rs 935 crore during the corresponding previous quarter.

Total income rose around 6 per cent to Rs 47,476 crore during the quarter from Rs 44,839 crore a year ago. While the company’s revenue from refining business grew nearly 9 per cent to Rs 39,564 crore, income from the petrochemical business stood at Rs 13,340 crore, down by 14.20 per cent.

The company, which began production of natural gas from its KG D6 facility this April, has ramped up the production to over 40 mscmd. During the period, the total production from KG D6 was 222,104 tonnes of crude oil and 4,813 million standard cubic meter per day of natural gas.

However, the company has said it was producing only about 60 percent of its 60 million standard cubic metres a day (mmscmd) capacity.

That meant it had been missing out on $100 million in monthly revenue since May, and it would delay hitting peak gas output of 80 mmscmd by at least a quarter until April-July 2010. Natural gas from KG D6 block was supplied to 15 fertilisers, 19 power, three steel, one LPG and two city gas distribution companies. For the half-year ended September 30 2009, the company achieved a turnover of Rs 81,284 crore reflecting a decrease of 8.7 per cent over the corresponding period of the previous year.

During the period, exports were lower by 26 per cent at Rs 43,035 crore. For its international operations, RIL has farmed-out 30 per cent of its participating interest in Oman-Block 18 and 25 per cent in Oman-Block 41 to Oman Oil Company Exploration and Production.

The basic earning per share for the half year was Rs 45.8 against Rs. 54.0 for the corresponding period of the previous year.

Ahead of the results, RIL fell 1.56 per cent at Rs 2003.85 on the Bombay Stock Exchange today.



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Other Results:

LIC Housing Finance Q2 net up 25.85 pc to Rs 171.24 cr
29 Oct 2009, 1533 hrs IST

LIC Housing Finance on Thursday said its net profit rose by 25.85 per cent to Rs 171.24 crore for the second quarter ended September 30, against the same period last fiscal.

REC Q2 net up 60.14 per cent to Rs 494.36 crore
29 Oct 2009, 1515 hrs IST

State-run, Rural Electrification Corporation today said its net profit rose by 60.14 per cent to Rs 494.36 crore for the second quarter ended September 30, 2009, over the same period last year.

Bank of India Q2 profit halves to Rs 323 cr; shares dip 9 pc
29 Oct 2009, 1448 hrs IST

Public sector lender Bank of India today reported a decline of 57 per cent in net profit to Rs 323.34 crore for the second quarter of current fiscal, over the same period a year earlier.

HDIL Q2 Net dips 44 pc to Rs 148.59 cr
29 Oct 2009, 1436 hrs IST

Housing Development & Infrastructure Ltd today reported a 44 per cent decline in net profit at Rs 148.59 crore during the second quarter ended September 30, 2009.

CESC Q2 net up 1.61 pc to Rs 126 cr
29 Oct 2009, 1436 hrs IST

Power utility CESC today said its net profit rose by 1.61 per cent to Rs 126 crore for the second quarter ended September 30, 2009, over the same period last year.

Corporation Bank Q2 net up 52.30 pc to Rs 291.67 cr
29 Oct 2009, 1359 hrs IST

State-owned Corporation Bank today said its net profit rose by 52.30 per cent to Rs 291.67 crore for the quarter ended September 30, 2009, over the same period last year.

IOB Q2 net dips 51 pc to Rs 176 cr
29 Oct 2009, 1351 hrs IST

Indian Overseas Bank on Thursady reported 51 per cent decline in its net profit at Rs 176.04 crore for the second quarter ended September 30, 2009.

Punjab National Bank July-Sep net up 31 pc
29 Oct 2009, 1312 hrs IST

State-run Punjab National Bank said on Thursday that its July-September profit was at 9.27 billion rupees, up from 7.07 billion rupees.

Patel Engineering Sep qtr net up 26.76 pc to Rs 40.69 cr
29 Oct 2009, 1055 hrs IST

Construction company Patel Engineering today said its net profit rose by 26.76 per cent to Rs 40.69 crore for the quarter ended September 30, 2009, over the same period last year.

Anant Raj Industries Sep qtr net dips 44 pc to Rs 71.27 cr
29 Oct 2009, 1053 hrs IST

Real estate firm Anant Raj Industries today said its consolidated net profit declined by 44 per cent to Rs 71.27 crore for the quarter ended September 30, 2009, over the same period last year.

HCL Infosystems Q2 net declines 11 pc to Rs 59 cr
29 Oct 2009, 1722 hrs IST

IT firm HCL Infosystems today reported a consolidated net profit of Rs 58.97 crore for the second quarter ended September 2009, a 10.77 per cent drop over the same period a year ago.

BPCL Q2 net loss at Rs 158.77 cr
29 Oct 2009, 1720 hrs IST

Bharat Petroleum Corp Ltd today reported a net loss of Rs 158.77 crore for the second quarter of the current fiscal, largely because the government did not issue it bonds to compensate for losses on cooking fuel sales.

Cairn India July-Sept quarter net jumps 60 pc
29 Oct 2009, 1719 hrs IST

Cairn India, a unit of UK-based explorer Cairn Energy, reported a 60 percent rise in quarterly profit, after two straight quarters of decline.

ABB Q3 net profit up 12 pct to over $1 bn
29 Oct 2009, 1642 hrs IST

Swiss-based ABB Group saw third-quarter net profit rise 12 percent to over $1 billion, helped by a $380 million boost from reversing set-asides for taxes, antitrust fines and restructuring charges.

ONGC Q2 net profit rises 5.8 pc
29 Oct 2009, 1636 hrs IST

Indian state-run explorer Oil & Natural Gas Corp reported a 5.8 per cent rise in quarterly net profit, its first rise in five quarters, as its subsidy-sharing burden eased, but lagged market estimates.

Sterlite Industries Q2 Net dips 28 pc to Rs 1,240.33 cr
29 Oct 2009, 1622 hrs IST

Sterlite Industries, the flagship company of Vedanta Group, today reported a 27.9 per cent decline in consolidated net profit at Rs 1,240.33 crore for the second quarter ended September 30, 2009.

CESC posts Rs 126 crore net profit in quarter two
29 Oct 2009, 1621 hrs IST

Energy major CESC posted a marginal increase in net profit at Rs 126 crore for the quarter ended Sep 30 against Rs.124 crore in the corresponding quarter a year ago, a top company official said here Thursday.

M&M Q2 net profit at Rs 843.6 crore
29 Oct 2009, 1536 hrs IST

Auto maker Mahindra & Mahindra today reported a net profit of Rs 843.6 crore for the second quarter ended September 30, 2009, driven by good sales in both automotive and farm equipment sectors.

Tata Chemicals Q2 net profit at Rs 222.83 crore
29 Oct 2009, 1535 hrs IST

Tata group firm Tata Chemicals today reported a consolidated net profit of Rs 222.83 crore for the second quarter ended September 30, while it had a net profit of Rs 277.70 crore in the same period last fiscal.

Glenmark Pharma Q2 net dips 31 pc to Rs 80.88 crore
29 Oct 2009, 1534 hrs IST

Drug maker Glenmark Pharmaceuticals today reported 31 per cent drop in its consolidated net profit at Rs 80.88 crore for the second quarter ended September 2009.

M&M grow on account of new products
30 Oct 2009, 0115 hrs IST, Krishna Kant

M & M grows but excise duty cut played only a small role in the company’s sterling performance in the September 2009 quarter.

Spice Mobiles Q2 up at Rs 16.4 cr
29 Oct 2009, 2210 hrs IST

Spice Mobiles, the handset unit of BK Modi-led Spice group, on Thursday reported a net profit of Rs 16.4 crore for the quarter ended September 30, 2009.

DLF Q2 net down by 77 pc; LOR to exit from DLF-LOR JV
29 Oct 2009, 2150 hrs IST

Realty giant DLF's consolidated net profit fell by 77.28 per cent to Rs 439.74 crore in the second quarter of this fiscal due to lower property demand.

Procter & Gamble's Q1 net up 4.71 pc to Rs 51.48 cr
29 Oct 2009, 2148 hrs IST

Healthcare products maker Procter & Gamble Hygiene & Health Care Ltd on Thursday announced a profit after tax of Rs 51.48 crore for the first quarter ended September 30, 2009, up 4.71 per cent over the corresponding period a year ago.

Dharani Sugars net profit surges 10 times to Rs 32 cr in Q2
29 Oct 2009, 1931 hrs IST

Dharani Sugars and Chemicals ( DSCL), flagship of Chennai-based PGP group, has reported a record net profit of Rs 32.77 crore in the second quarter ending September 30, 2009, up by 10 times over Rs 3.15 crore in the same period last year.

Sundram Fasteners net doubles in Q2
29 Oct 2009, 1920 hrs IST

Net profit of Sundram Fasteners doubled to Rs 18.87 crore in the second quarter ending September 30, 2009 against Rs 9.17 crore in the same period last year even as net sales including exports dropped to Rs 330.95 crore ( Rs 388 crore).

Voltas' Q2 FY 10 net up 50 per cent at Rs 92-cr
29 Oct 2009, 1918 hrs IST

Voltas Limited, the Tata Group's global air-conditioning and engineering services provider, has posted a net profit of Rs 92-crore in the second quarter ended September 30, up 50 per cent as against the same period last fiscal.

Apollo Hospitals posts 34 cr net in Q2
29 Oct 2009, 1847 hrs IST

Apollo Hospitals Enterprise has reported a 13% rise in net profit of Rs 34.06 crore in the second quarter ending September 30, 2009 against Rs 30.13 crore in the same period last year.

Reliance Industries Q2 net down in line with forecasts
29 Oct 2009, 1747 hrs IST

RIL reported a net profit of Rs 3850 crore for the quarter ended Sept 30, down from Rs 4120 crore a year earlier.

ONGC Q2 profit rises as subsidy costs fall
29 Oct 2009, 1733 hrs IST

State-run explorer Oil & Natural Gas Corp posted a 6 per cent rise in quarterly net profit, its first gain in five quarters as lower oil prices eased the burden of having to subsidise state-run fuel retailers.


CESC posts Rs126-cr net profit
30 Oct 2009, 0249 hrs IST

CESC posted a marginal increase in net profit at Rs126 crore for the quarter ended September 30.

Emami net zooms 113% to Rs 29 cr
30 Oct 2009, 0247 hrs IST

An inorganic growth of 151 % helped Emami clock a 112.7% rise in net profit.

Voltas net rises 50% to Rs 92 cr
30 Oct 2009, 0244 hrs IST

Voltas has reported a 50.1% increase in its consolidated net profit even as revenues from engineering products & services segment remain under pressure.

Patel Engg net up 27%
30 Oct 2009, 0243 hrs IST

The construction company, specialising in hydro power generation and irrigation segment, also announced a 25.8% increase in half yearly consolidated net profit to Rs 77.03 crore.

JM Financial posts Rs 57-crore Q2 profit
30 Oct 2009, 0242 hrs IST

JM Financial has posted a consolidated net profit of Rs 56.9 crore for the quarter ended September 30 against Rs 20.8 crore in the year ago-period.

Apollo Hospitals profit rises 13% to Rs 34 cr
30 Oct 2009, 0241 hrs IST

Apollo Hospitals Enterprise has reported a 13% rise in net profit at Rs 34.1 crore in the second quarter ended September 30, against Rs 30.1 crore in the same period last year.

Voltas' declining stock trend halts; Electro-mech units spur
30 Oct 2009, 0139 hrs IST, Devangi Joshi

Voltas stock performance seems in line with the company’s financial performance in the past three quarters.

RIL records 6% dip in profit
30 Oct 2009, 0134 hrs IST, Ramkrishna Kashelkar

Despite doubling the refinery capacity and commissioning of natural gas production, Reliance Industries posted a 6% dip in its net profit.

ONGC reports marginal growth; price revision overdue
30 Oct 2009, 0128 hrs IST, Ramkrishna Kashelkar

ONGC reported a marginal net profit growth of 6%;price revision could boost profiit.

Zinc continues as best for Sterlite
30 Oct 2009, 0120 hrs IST, Santanu Mishra

Zinc business continues to be the best-performing business segment for Sterlite Industries, quarter after quarter.


Tata Teleservices suffers net loss of Rs 2,505 cr in FY09
30 Oct 2009, 0353 hrs IST, Joji Thomas Philip & Ranjit Shinde

Tata Teleservices suffers net loss of Rs 2,505 cr even as innovative billing scheme helps co attract record subscribers.

Shoppers Stop back in the black, net at Rs 12 cr
30 Oct 2009, 0327 hrs IST

Shoppers Stop shares closed at Rs 287 on BSE on Thursday, up 4.65 % from its previous day’s close.

Bajaj Electricals posts Rs 29 crore profit
30 Oct 2009, 0326 hrs IST

Bajaj Electricals on Thursday announced a 139% quarterly growth on higher sales of consumer durables amidst economic slowdown.

IOB net declines to Rs 176 crore
30 Oct 2009, 0325 hrs IST

The total business grew from Rs 1,60,514 crore to Rs 1,87,853 crore, posting a 17.03% year-on-year growth.

Corporation Bank net rises 52% to Rs 291 cr
30 Oct 2009, 0324 hrs IST

Rise in treasury gains and net interest income have helped Corporation Bank post a net profit of Rs 291 crore for the quarter ended September 2009 - an increase of 52% over the corresponding quarter last year.

Heidelberg Q2 net at Rs 27 crore
30 Oct 2009, 0323 hrs IST

HeidelbergCement India reported a net profit of Rs 27.1 crore for the quarter ended September 30, 2009, while it had a net profit of Rs 10.1 crore in the same period previous fiscal.

BPCL reports net loss at Rs 159 cr
30 Oct 2009, 0322 hrs IST

Losses in the July-September quarter narrowed to Rs 158.8 crore from Rs 2,625.3 crore a year ago, the company said in a statement.

PNB Q2 net up 31% to Rs 927 cr
30 Oct 2009, 0321 hrs IST

The growth in profit is fuelled by higher interest and treasury income.

Britannia profit up 11% at Rs 59 cr
30 Oct 2009, 0318 hrs IST

The quarterly net sales grew to Rs 858.5 crore in the July-September quarter, a marginal increase of 2.38%.

DLF profit takes a 77% knock on weak realty demand
30 Oct 2009, 0317 hrs IST

DLF’s profit of Rs 440 crore was slightly lower than analysts’ expectations. An ET poll of 15 analysts saw the net profit at Rs 492 crore.



Src: Economictimes, Businessline, BusinessStandard, Moneycontrol