Q2 Results: IFCI, NDTV,South Indian Bk etc

IFCI net profit declines 47.91% in the September 2008 quarter

Sales decline 35.24% to Rs 383.11 crore
Net profit of IFCI declined 47.91% to Rs 259.06 crore in the quarter ended September 2008 as against Rs 497.29 crore during the previous quarter ended September 2007. Sales declined 35.24% to Rs 383.11 crore in the quarter ended September 2008 as against Rs 591.60 crore during the previous quarter ended September 2007.

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South Indian Bank net profit rises 44.80% in the September 2008 quarter
Net profit of South Indian Bank rose 44.80% to Rs 51.68 crore in the quarter ended September 2008 as against Rs 35.69 crore during the previous quarter ended September 2007. Total operating income rose 31.22% to Rs 400.84 crore in the quarter ended September 2008 as against Rs 305.47 crore during the previous quarter ended September 2007.

Modern India net profit rises 63.92% in the September 2008 quarter
Jubilant Organosys reports net loss of Rs 24.39 crore in the September 2008 quarter
New Delhi Television reports net loss of Rs 13.04 crore in the September 2008 quarter
Sonata Software Q2 Cons net profit at Rs 21.6 cr

Indo Tech Q2 net profit at Rs 14.2 cr view table
Indo Tech Transformers has declared its second quarter results. Its net profit was at Rs 14.2 crore versus Rs 10.24 crore.

Mastek cons Q1 net profit at Rs 41.2 cr

Other Corp News:
RBI to inject Rs 20,000 cr to help MFs
Mark Mobius sees markets close to bottom
‘India will get 35% power from n-plants’
Banks allowed to take positions in interest futures

Larsen and Toubro to foray into Brazil by 2009
Jet, Kingfisher in talks for strategic tie-up
RBI to pump in Rs 20,000 cr to help MFs meet redemption needs
RBI sets rules on derivative contracts
Govt, RBI set to ease liquidity


Source:ET,Sify,BS, CM, IE etc

ET Result Update: ITC, HDFC, Wipro, HCC, Titan, Orbit, Nicholas, BASF, Trent, NDTV etc

ITC Q3 net up 16% at Rs 830 crore 19 Jan, 2008, 0047 hrs ISTTobacco and hotels major ITC on Friday reported a 16% Y-o-Y growth in net profit for the third quarter (Q3) ended December ‘07 to Rs 830 crore.

HDFC net profit jumps 83% to Rs 648.9 cr in Q3 19 Jan, 2008, 0000 hrs ISTHDFC has reported a net profit of Rs 648.9 crore for the quarter ended Dec 2007, an increase of 83% over the net profit of Rs 355.5 cr last year. Global Indians

Wipro's Q3 net profit up 5.7% QoQ 18 Jan, 2008, 0852 hrs ISTWipro’s net profit for the quarter ended December 31, 2007 was Rs 804.10 crore, up 5.7 per cent from Rs 760.30 crore in the previous quarter.

HCC Q3 net profit up 14%

Titan Industries Oct-Dec net seen up 62% 18 Jan, 2008, 2046 hrs ISTTitan Industries Ltd is expected to report a net profit rise of 62 percent on growing sales as it increased its retail stores, analysts said.

NIIT Q3 net profit flat at Rs 35 crore19 Jan, 2008, 0300 hrs IST
NIIT Technologies reported a net profit of Rs 34.7 crore for the quarter ended December 2007, flat on a year-on-year basis and 1% up sequentially.

Nicholas Piramal’s 31% higher Q3 net profit trails expectations 19 Jan, 2008, 0253 hrs IST
Consolidated net sales increased 12.7% to Rs 732.3 crore year-on-year. Domestic branded formulations sales grew 15.6% to Rs 337.2 crore while the company’s custom manufacturing business witnessed a 7.2% growth to Rs 341 crore.

Welspun India net falls on rupee gain, plant shutdown 18 Jan, 2008, 1936 hrs IST
Welspun India Ltd said profit in the quarter ended Dec. 31 fell 81 percent because of an appreciating rupee and plant shutdown due to maintenance during the period.

Earnings: ITC, HDFC, NIIT Tech 18 Jan, 2008, 1838 hrs IST

Orbit Corp Q3 net profit up 958% QoQ 18 Jan, 2008, 1830 hrs IST
Orbit Corporation’s net profit rose 958.14 per cent to Rs 19.62 crore for the quarter ended Dec 31, 2007 compared with Rs 1.85 crore in the July-September period.


Trent Q3 net profit declines 4.73% 18 Jan, 2008, 1828 hrs IST
Trent’s 2007 October-December net profit fell 4.73 per cent to Rs 10.21 crore compared with Rs 10.71 crore in the same period of previous year.

BASF Q3 net profit up 24.58%18 Jan, 2008, 1820 hrs IST
BASF India has posted a growth of 24.58 per cent in net profit for the October-December quarter of 2007 to Rs 11 crore compared with Rs 8.83 crore for the same quarter previous year.


Sona Koyo Steering Q3 net profit up 10.41% 18 Jan, 2008, 1610 hrs IST
Sona Koyo Steering Systems’ October-December net profit rose 10.41 per cent to Rs 7.32 crore from Rs 6.63 crore in the same quarter of last year.


Vimta Labs Q3 net profit grows 53% 18 Jan, 2008, 1553 hrs IST
Vimta Laboratories’ October-December net profit rose 52.78 per cent to Rs 2.45 crore as compared with Rs 1.60 crore for the same quarter of pervious year. Net sales increased 36.56 per cent to Rs 20.62 crore for the quarter ended Dec 31, 2007 from Rs 15.10 crore in the same period of 2006.

New Delhi Television Oct-Dec net loss Rs 29.2 crore 18 Jan, 2008, 1026 hrs IST
New Delhi Television Ltd said it reported a consolidated net loss of Rs 29.21 crore for the quarter ending December due to expenses on personnel, marketing and production of new channels.


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