Myiris Reuslt Updates: PFC, IFCI, Guj Alkalies, Pratibha Ind,BASF, FinTech, Anant Raj, Greaves Cotton, Country Club,JBF etc

PFC Q3 earning rise 37.75%; revenues climb 36.20%

Leading public sector lender to power industry, Power Finance Corporation (PFC) registered a substantial rise of 37.75% in earnings for the quarter ended Dec. 31, 2007, to Rs 3,204.90 million compared with Rs 2,326.58 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter stood at Rs 2.79. The total income for the quarter climbed 36.20% to Rs 12,997.92 million compared with the corresponding quarter, a year ago. The company earned Rs 12,921.37 million as interest during the quarter.


IFCI reports robust 2.46 times growth in Q3 earnings

Leading public lender to industries, IFCI reported a robust growth of 2.46 times in earnings in the quarter ended Dec. 31, 2007, to Rs 3,189.40 million compared with Rs 1,293.70 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 2.62 compared with Rs 1.99 in prior year period. Interest earned in the quarter jumped 58.82% to Rs 5,744 million, while the total income for the quarter surged 57.51% to Rs 5,789 million, when compared with the corresponding quarter, a year ago.

Gujarat Alkalies reports 37.88% rise in Q3 earnings
Gujarat Alkalies & Chemicals reported today a rise of 37.88% in earnings in the quarter ended Dec. 31, 2007, to Rs 721.40 million compared with Rs 523.20 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 9.82 compared with Rs 7.12 in prior year period. Substantial rise in other income together with lower interest charge helped the company to post higher earnings growth despite marginal rise in sales.Net sales for the quarter rose 5.37% to Rs 2,835.90 million, while the total income for the quarter climbed 8.60% to Rs 3,002.90 million, when compared with the corresponding quarter, a year ago.

BASF India Q3 net climbs 24.58%
BASF India, a subsidiary of Germany-based BASF (Q, N,C,F)* Aktiengesellschaft, registered a rise of 24.58% in earnings in the quarter ended Dec. 31, 2007, to Rs 110 million compared with Rs 88.30 million in the same quarter, last year. The earnings per share (EPS) for the quarter climbed 24.60% to Rs 3.90 compared with Rs 3.13 in prior year period.

Welspun India Q3 earnings drop 80.60%

Anant Raj Industries net rises 2.8 times in Dec`07 qtr
Anant Raj Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.87 times rise in profit to Rs 1,212.65 million from Rs 423.04 million in the quarter ended December 2006.Net sales for the quarter rose 2.52 times to Rs 1,827.49 million compared with Rs 725.48 million in the corresponding quarter, a year ago. Total income rose 157% to Rs 1,885.94 million for the quarter-ended December 2007 from Rs 733.82 million for the same period last year.

Greaves Cotton net dips 1.21% in Dec`07 qtr
Greaves Cotton reported a marginal drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 1.21% decline in profit to Rs 294.60 million from Rs 298.20 million in the quarter ended December 2006.Net sales for the quarter rose 5.85% to Rs 3,422.50 million compared with Rs 3,233.30 million in the corresponding quarter, a yera ago. Total income rose 5.59% to Rs 3,443.50 million for the quarter-ended December 2007 from Rs 3,261.20 million for the quarter ended Decemebr 2006.


NIIT Tech net drops 5.18% in Dec`07 qtr
Trent net drops 4.73% in Dec`07 qtr
Nicholas Piramal net climbs 70.48% in Dec`07 qtr
Kirloskar Oil Engines net drops 38.50% in Dec`07 qtr

Pratibha Industries net rises 69.11% in Dec`07 qtr
Pratibha Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 69.11% rise in profit to Rs 110.63 million from Rs 65.42 million in the quarter ended December 2006.Net sales for the quarter rose 81.25% to Rs 1,495.19 million compared with Rs 824.93 million in the corresponding quarter, a year ago. Total income rose 83.08% to Rs 1,510.29 million for the quarter-ended December 2007 from Rs 824.93 million for the same period, last year

HDFC net up 82.55% in Dec`07 qtr
Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal.
Interest income for the quarter rose 47.84% to Rs 21,503.50 million as against Rs 14,545.20 million for the same quarter, a year ago. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million for the corresponding quarter, last year.

ITC net profit up 16% in Q3 (Update)
ITC announced a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.The rise in profit is due to 96.9% jump in other income to Rs 1,374.00 million in the latest quarter from Rs 697.90 million, a year ago.The diluted earnings per share (EPS) of the company stood at Rs 2.20 for the quarter ended December 2007.

Bajaj Steel net rises 42.97% in Dec`07 qtr
Bajaj Steel Industries registered 42.97% rise in net profit to Rs 21.16 million for the quarter ended Dec. 31, 2007 as compared to Rs 14.80 million for the quarter ended Dec. 31, 2006.
Total Income rose 0.44% to Rs 581.67 million for the quarter ended Dec. 31, 2007 from Rs 579.12 million in the corresponding quarter, last year.

HCC net up 14% in Q3
Hindustan Construction Company (HCC) posted a 13.92% jump in net profit at Rs 250.50 million for the third quarter ended December 2007 as compared to Rs 219.90 million for the quarter ended December 2006. Total Income increased 40.87% to Rs 7,555.00 million for the quarter ended December 2007 from Rs 5,363.10 million, a year ago. The diluted earnings per share (EPS) of the company stood at Rs 0.81 for the quarter ended December 2007.

Country Club net climbs 76% in Q3
Country Club India posted a 76.30% jump in net profit at Rs 231.22 million for the quarter ended December 2007 as compared to Rs 131.15 million for the quarter ended December 2006. Total Income increased 2.21 times to Rs 1,036.71million for the quarter ended December 2007 from Rs 468.01 million, a year ago. The diluted earning sper share (EPS), after extraordinary items, of the company stood at Rs 20.10 for the quarter.

JBF Industries net up 29.78% for Dec`07 qtr
JBF Industries, a manufacturer of polyester chips and yarns, reported 29.78% increase in net profit at Rs 303.30 million for the quarter ended December 2007 as against Rs 233.70 million in the same quarter, last year. Net sales for the quarter rose 19.68% to Rs 4,962.80 million as compared to Rs 4,146.70 million in the corresponding quarter, a year ago.

Financial Technologies net zooms 15.23 times in Dec`07 qtr
Financial Technologies India posted 15.23 times jump in net profit to Rs 5,369.49 million for the quarter ended Dec. 31, 2007 as compared to Rs 352.67 million for the quarter ended Dec. 31, 2006. Total Income rose 12.65 times to Rs 7,191.75 million for the quarter ended Dec. 31, 2007 from Rs 568.52 million in the corresponding quarter, last year. Net sales for the quarter ended December 2007 rose 31.51% to Rs 393.76 million as against Rs 299.41 million for the quarter ended December 2006.

Wipro Q3 Cons. net up 11.5%, beats guidelines (Update)
Technology major, Wipro (Q, N,C,F)* announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.On a standalone basis, the company posted a 8.82% jump in net profit of Rs 8,041 million for the quarter ended December 2007 as compared to Rs 7,389 million for the quarter ended December 2006. Total Income has increased 21.32% to Rs 44,296 million for the quarter ended December 2007 from Rs 36,511 million a year ago.

NDTV net flat at Rs 70.70 mn for Dec`07 qtr

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Kirloskar Oil Q3 net profit at Rs 21.76 cr view table
18th-Jan-2008
Kirloskar Oil has declared its second quarter results. Its Q3 net sales stood at Rs 537 crore. Its Q3 net profit was at Rs 21.76 crore.

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Results Calender

Binani Cement 19-Jan-08

Brady and Morri 19-Jan-08

GIC Housing Fin 19-Jan-08

Guj NRE Coke 19-Jan-08

Hi-Tech Gears 19-Jan-08

ICICI Bank 19-Jan-08

Idea Cellular 19-Jan-08

Ipca Labs 19-Jan-08

Kewal Kiran 19-Jan-08

Kirloskar Bros 19-Jan-08

Prakash Ind 19-Jan-08

Ruchira Papers 19-Jan-08

Ruttonsha Int 19-Jan-08

Sagar Cement 19-Jan-08

Sandesh 19-Jan-08

Sasken Comm 19-Jan-08

Seshasayee Pape 19-Jan-08

Shiv Vani Oil 19-Jan-08

SPIC 19-Jan-08

Themis Medicare 19-Jan-08

UltraTechCement 19-Jan-08

Varun Industrie 19-Jan-08

WH Brady 19-Jan-08

Zenith Computer 19-Jan-08

Zenith Infotech 19-Jan-08


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Results - TCS, IFCI, Welspun Guj

Tata Consultancy Q2 net up 26pct, beats forecast
The Economic Times

MUMBAI: Tata Consultancy Services Ltd, India's top software services exporter, posted a 25.7 per cent jump in quarterly profit on Monday, exceeding forecasts, as it won large outsourcing deals and raised fees for customers. The company, part of India's Tata Group that has diverse interests including steel and cars, said net profit in the September quarter rose to 12.47 billion rupees ($317 million) from 9.92 billion a year earlier under US accounting rules.

A poll of 12 brokerages had forecast a net profit of 12.23 billion rupees for Mumbai-based Tata Consultancy, whose leading clients include General Electric and ABN AMRO. Ahead of the announcement, shares in Tata Consultancy, which the market values at $26.6 billion, ended nearly 1 per cent higher at 1,073.65 rupees in a Mumbai market that rose 3.5 per cent to a record close.


TCS Q2 net profit at Rs 1246.9cr from Moneycontrol.Com


Tata Consultancy Services (TCS) has come out with September quarter numbers. The company has reported net profit of Rs 1246.9 crore (Rs 12.47 billion) for the quarter ended September 2008 as against Rs 1,185.5 crore (Rs 11.85 billion) in the previous quarter.
Revenues increased to Rs 5639.8 crore (Rs 56.4 billion) from Rs 5,202.8 crore (Rsr 52.03 billion).
Other income stood at Rs 110 crore (Rs 1.1 billion). Its consolidated operating income was at Rs 1,344 crore (Rs 13.44 billion) (US GAAP).
TCS has added 9,268 employees, 51 new clients in the September quarter of 2008.
The attrition rate in IT services for the quarter ended September 2008 was at 10.9% while in BPO at 17.9%.
Travel, hospitality business contributed 4.4% of September quarter revenue versus 2.8% in previous quarter.
TCS has added 966 employees in overseas arms and branches.


IFCI net jumps four-fold to Rs 497.29 cr
The Economic Times

NEW DELHI: Country's oldest financial institution, IFCI on Monday posted a four-fold jump in net profit at Rs 497.29 crore for the quarter ended September 30, as compared to Rs 115.89 crore in the same period last year. Total income stood increased 81 per cent to Rs 595.60 crore as against Rs 327.4 crore in the year-ago period, the company said here.

For the half yearly period ended September 30, the company recorded a net profit of Rs 744.15 crore as compared to Rs 100.22 crore in the corresponding period last year. Total income stood at Rs 1081.17 crore for the six months ended September 30 as compared to Rs 585.05 crore in the year-ago period. The company, which came out of red last year, had registered net profit of Rs 873.71 crore in 2006-07.



Welspun-Gujarat Stahl net jumps two-fold to Rs 82.5 cr
The Economic Times

MUMBAI: Saw pipe maker Welspun-Gujarat Stahl Rohren on Monday posted an over two-fold rise in net profit at Rs 82.5 crore for the quarter ended September 30 as compared to Rs 33.5 crore in the corresponding quarter last fiscal.

Total income of the company increased to Rs 929.8 crore for the second quarter in 2007-08 from Rs 674.9 crore in the year-ago period, up 37.77 per cent, the company informed the Bombay Stock Exchange. Shares of the company were trading at Rs 336.05, up 0.25 per cent in the afternoon trade at the BSE.



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