Result Updates: HCL Tech, IDBI, Tata Sponge, Blue Dart, Jubliant

HCL Technologies (standalone) net rises 28.34% in Sep `07 qtr

On consolidated basis (as per US GAAP), leading Global Technology and IT enterprise, HCL Technologies reported a rise of 42.06% in net income to USD 77.41 million, for the quarter ended Sep. 30, 2007 as compared to USD 54.49 million, for the quarter ended Sep. 30, 2006.
Total revenue for the quarter rose 42.80% to USD 429.01 million, compared with USD 300.41 million in the corresponding quarter, a year ago.

On standalone basis HCL Technologies disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 28.34% rise in profit to Rs 2,641.70 million, from Rs 2,058.30 million in the corresponding quarter a year ago.
Net sales for the quarter rose 23.68% to Rs 11,028.60 million, compared with Rs 8,916.40 million in the corresponding quarter, a year ago.

Total income rose 24.23% to Rs 11,461.10 million, for the quarter, ended September 2007, from Rs 9,225.20 million for the same period last year.



E T C Networks` net up 3.33 times in Sep` 07 qtr

E T C Networks, registered a 3.33 times growth in net profit to Rs 34.17 million, for the quarter ended September 2007, from a profit of Rs 10.26 million, for the quarter ended September 2006
Net Sales for the quarter rose 41.08% to Rs 134.96 million for the quarter ended September 2007, from Rs 95.66 million for the quarter ended September 2006.
Total income rose 42.86% to Rs 141.72 million for the quarter ended September 2007, from Rs 99.20 million for the quarter ended September 2006.


IDBI Bank net up 11.5% in Sep`07 qtr (update)

Industrial Development Bank of India (IDBI Bank) announced a 11.5% rise in net profit at Rs 1,555.00 million for the quarter ended September 2007 as compared to Rs 1394.00 million for the quarter ended September 2006.
Interest Earned Income rose to Rs 19,010.70 million from Rs 14,486.30 million a year ago.
Total Income rose 44%, to Rs 23,637.20 million for the quarter ended September 2007 where as the same was at Rs 16,412.40 million for the quarter ended September 2006.


Country Club India net jumps 2.15 times for Sep`07 qtr


Hyderabad-based Country Club (Q, N,C,F)* India (CCIL), an operator of chain of clubs, reported a substantial jump of 2.15 times in net profit to Rs 151 million for the quarter ended September 2007 as against Rs 70.25 million for the corresponding quarter last year.
Net sales surged 2.04 times to Rs 668.11 million for the quarter ended September 2007, from Rs 326.27 million for the quarter ended September 2006.


Tata Sponge swings to net profit for Sep `07 qtr

Tata Sponge Iron, engaged in the production of sponge iron, disclosed a phenomenal jump in net profit for the quarter ended in September 2007. During the quarter, the company swung to a net profit of Rs 178.30 million from a loss of Rs 7.40 million in the corresponding quarter a year ago.Net sales for the quarter rose 74.67% to Rs 969.10 million compared with Rs 554.80 million in the corresponding quarter, a year ago. Total income rose 86% to Rs 1,070.30 million for the quarter ended September 2007 from Rs 575.40 million for the same period last year.

Jubilant Organosys Q2 net surges 2.06 times

Jubilant Organosys, an integrated pharmaceutical industry player, registered a phenomenal growth of 2.06 times in net profit for the quarter ended June 2007. The healthy growth in sales and other income coupled with improved operating margins, helped the company post better earnings growth. During the quarter, net profit of the company jumped to Rs 1,117 million from Rs 542 million, in the same quarter last year.Net sales for the quarter climbed 20.65% to Rs 4,930 million, while the total income for the quarter rose 24.26% to Rs 5,240 million, when compared with the corresponding quarter, a year ago. Operating margins improved to 21.93%, during the quarter, a rise of 269 basis points, compared with the corresponding quarter, a year ago.


Blue Dart Express net rises 2 times for Sep `07 qtr

Blue Dart Express disclosed a phenomenal rise in net profit for the quarter ended September 2007. During the quarter, the company`s net profit rose 2 times to Rs 174 million from Rs 87 million in the corresponding quarter a year ago.Net sales for the quarter rose 17.45% to Rs 2,073 million compared with Rs 1,765 million in the corresponding quarter, a year ago. Total income rose 17.49% to Rs 2,082 million for the quarter ended September 2007 from Rs 1,772 million for the same period last year.

Further, Visit: www.myiris.com


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