Results:GujNREcoke,Unitech,Shiv-Vani etc

Shiv-Vani Oil & Gas Exploration Services net profit rises 270.21% in the September 2008 quarterSales rise 127.37% to Rs 139.22 crore

Energy Development Company net profit rises 8.27% in the September 2008 quarter

Usha Martin Infotech net profit rises 650.00% in the September 2008 quarter

Resurgere Mines & Minerals India reports net profit of Rs 11.61 crore in the September 2008 quarter

Ballarpur Industries net profit rises 104.39% in the September 2008 quarterSurya Pharmaceutical net profit rises 33.25% in the September 2008 quarter
Amrutanjan Health Care net profit rises 2778.88% in the September 2008 quarter

Procter & Gamble Hygiene and Health Care net profit rises 42.53% in the September 2008 quarter

Zylog Systems net profit rises 26.26% in the September 2008 quarter

Ruchi Soya Industries net profit rises 5.09% in the September 2008 quarter

IVRCL Infrastructures & Projects net profit rises 61.99% in the September 2008 quarter
Birla Corporation net profit declines 42.11% in the September 2008 quarter

Nava Bharat Ventures net profit rises 127.26% in the September 2008 quarter
Shriram City Union Finance net profit rises 30.93% in the September 2008 quarter

Gujarat NRE Coke net profit rises 718.73% in the September 2008 quarter

Unitech net profit rises 200.93% in the September 2008 quarter
Lanco Infratech net profit rises 16.34% in the September 2008 quarter

Kingfisher Airlines reports net loss of Rs 483.25 crore in the September 2008 quarter
Helios & Matheson Information Technology net profit declines 57.49% in the September 2008 quarter

Bombay Rayon Fashions net profit rises 19.59% in the September 2008 quarter
Firstsource Solutions net profit rises 74.45% in the September 2008 quarter
ABG Shipyard net profit declines 23.54% in the September 2008 quarter
Aftek net profit rises 70.81% in the September 2008 quarter
Uttam Galva Steels net profit declines 30.41% in the September 2008 quarter

Development Credit Bank net profit declines 93.10% in the September 2008 quarter
Jindal Poly Films net profit declines 47.80% in the September 2008 quarter
Oswal Chemicals & Fertilizers net profit declines 7.00% in the September 2008 quarter

Results: Bharti,Rcom,PNB,Tatamotors,HPCL

Bharti Airtel Q2 net rises 27% on record subscriber additions

Just about meeting Street forecasts, India’s largest wireless operator Bharti Airtel on Friday announced a 27% jump in net profit to Rs 2, 046 crore despite a forex loss of Rs 586 crore for the quarter ended September 2008, against Rs 1,613 crore in the year-ago period. A record addition of over 8 million subscribers during the period (the highest by any telco in any quarter), expansion of network to remote areas and lower tariffs saw the company’s revenues surge 42% to Rs 9,020 crore.

This improved the company’s market share in the fiercely-competitive wireless subscriber space to 24.6% as on September 30, compared to 23.4% in the year-ago period. Bharti also accounted for 28.5% of the country’s wireless subscriber additions during this period. EBITDA climbed 37% to Rs 3,699 crore. However, there are several blips in Bharti’s performance. The company’s EBITDA margin, which is an indicator of its profitability, fell to 41% compared with 42.8% in the year-ago quarter. Besides, if considered on a sequential (quarter-on-quarter) basis, Bharti’s performance is anything but impressive: Net profit for Q2 was up by a mere 1% against Q1FY09, while revenues grew 6.3%. The margins for the mobile business declined to 30.2% compared to 30.7% in the quarter ended June. Average revenue per user (ARPU), too, fell 4% (q-o-q) to Rs 335 from Rs 350 in March-June quarter. On a year-on-year basis, ARPU shrank 8%. Additionally, the minutes of usage fell to 526 minutes per customer when compared to 534 minutes during the previous quarter in the same year. Some analysts termed Bharti’s performance as being ‘below expectations.’ Bharti Airtel shares closed at Rs 649, up 5.5 % from Thursday’s close of Rs 615.05 on BSE................More @ the Topic Link.

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Kotak Bank's Q2 profit down 33% on higher provisioning 31 Oct, 2008, 1648 hrs IST, Priya Kansara Pandya
Kotak Mahindra Bank witnessed weak financial performance in the second quarter, especially on the profitability front due to higher provisioning.

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HPCL reports a net loss of Rs 3,218.92 cr 31 Oct, 2008, 1655 hrs IST
Hindustan Petroleum Corporation Ltd has posted net loss of Rs 3,218.92 crore for the quarter ended Sep 30, 2008 against net profit of Rs 853.03 crore for the quarter ended Sep 2007.

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Ranbaxy Labs incurs a net loss of Rs 352.93 cr in Jul-Sep quarter 31 Oct, 2008, 1754 hrs IST
Ranbaxy Laboratories has posted a net loss to Rs 352.93 crore for the quarter ended Sep 30, 2008 against the net profit of Rs 168.16 crore for the quarter ended Sep 2007.

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IVRCL Q2 net profit up 63% on higher sales, other income 31 Oct, 2008, 1848 hrs IST
Increase in other income component, along with higher sales, helped IVRCL Infrastructures and Projects Ltd post 63 per cent jump net profit for the second quarter.

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RCOM net up 17% to Rs 1,531 crore; GSM network expansion in December 1 Nov, 2008, 0029 hrs IST
Reliance Communications (RCOM) has posted a 17.3% growth in net profit in the July-September quarter, beating estimates, due to higher number of customers.

Reliance Communications (RCOM) has posted a 17.3% growth in net profit in the July-September quarter, beating estimates, due to higher number of customers. Its consolidated net profit grew to Rs 1,531 crore in the second quarter of the current year as over 5.2 million users signed up for services during the period. The Anil Dhirubhai Ambani Group (ADAG) company saw 23.3% rise in revenue to Rs 5,645 crore. Of this, Rs 4,119 crore (65%) came from wireless business, which includes both GSM and CDMA services. Its global business, comprising national and international long distance voice, video and data services, contributed Rs 1,526 crore or 24% to total revenues. “The GSM rollout (in remaining 14 circles) is on schedule and despite the liquidity crunch in the financial markets, the funding requirement is fully in place,” RCOM chairman Anil Ambani said at the earnings conference call after the results. The RCOM stock gained 13.7% to close at Rs 220 on BSE on Friday.

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Orchid reports loss of Rs 41 crore1 Nov, 2008, 0032 hrs IST
Orchid Chemicals and Pharmaceuticals has reported a loss of Rs 40.7 crore for the quarter ended September 30, 2008, compared to a net profit of Rs 63.27 crore during the corresponding quarter of the previous fiscal.

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Punjab National Bank net up 31%, cuts PLR1 Nov, 2008, 0213 hrs IST
Punjab National Bank (PNB) reported a 31.3% increase in net profit to Rs 707.1 crore for the quarter ended September 30 from Rs 538.5 crore in the corresponding quarter last fiscal.

Punjab National Bank (PNB) reported a 31.3% increase in net profit to Rs 707.1 crore for the quarter ended September 30 from Rs 538.5 crore in the corresponding quarter last fiscal. The total income rose to Rs 5,313.2 crore for the quarter under review compared to Rs 3,931 crore in the same period of the previous fiscal. For the six months ended September 30, PNB reported a net profit of Rs 1,219.5, up 27% from Rs 963.6 crore in corresponding period last fiscal.

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IOB Q2 net rises 12% 1 Nov, 2008, 0212 hrs IST
Indian Overseas Bank (IOB) has reported a 12.3% year-on-year increase in net profit to Rs 359 crore for the second quarter of 2007-08 compared with Rs 320 crore a year back.

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Reliance Capital net up 15% 1 Nov, 2008, 0211 hrs IST
Reliance Capital has reported a 15% rise in consolidated net profit, even as its standalone results, which incorporate consumer finance and proprietary investment performance.

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Syndicate Bank net up 15% 1 Nov, 2008, 0210 hrs IST
Syndicate Bank’s net profit grew by 15% to Rs 262 crore for the quarter ended September 30. The lender had a net profit of Rs 227.6 crore for the quarter ended September 30, 2007.
Andhra Bank posts 7% rise in Q2 profit 1 Nov, 2008, 0210 hrs IST
Andhra Bank has reported a modest 7% rise net profit due to higher provisioning and absence of treasury gains.

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Tata Motors net dips 34% as sales go on slow track 1 Nov, 2008, 0052 hrs IST
Auto major Tata Motors on Friday reported a 34% decline in second quarter profit as steep interest rates dented the demand for trucks and higher input costs hit margins.

Hindalco net up12%, but outlook is cloudy 1 Nov, 2008, 0048 hrs IST
Hindalco Industries beat a weak metals market and Street expectations to post a 12% rise in its second quarter net profit on the back of higher volumes and a weak rupee.

Strides Arcolab posts profit of Rs 105 crore 1 Nov, 2008, 0034 hrs IST
Pharma firm Strides Arcolab on Friday said its net profit stood Rs 105.3 crore for the quarter ended September 30,

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J&K Bank Q2 net up 8 pc at Rs 116 cr 31 Oct, 2008, 1058 hrs IST
Jammu & Kashmir Bank today said its net profit grew by 7.53 per cent to Rs 115.92 crore for the July-September quarter from the corresponding period a year ago.

NALCO Q2 net up marginally to Rs 444 cr 31 Oct, 2008, 1056 hrs IST
National Aluminium Company on Friday said its net profit grew marginally by 1.08 per cent to Rs 444.46 crore for the second quarter ended September 30.

Suzlon Energy Q2 dips 95% at Rs 17 cr 31 Oct, 2008, 1053 hrs IST
Wind turbine manufacturer Suzlon Energy today said its net profit declined by 95.22 per cent to Rs 16.98 crore for the second quarter ended September 30, over the corresponding period a year ago.

Airtel Q2 net up 26.8 per cent 31 Oct, 2008, 1020 hrs IST
Bharti Airtel Ltd, India's top mobile operator, said quarterly profit rose 26.8 percent, lagging market forecasts.

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IVRCL Q2 net profit up 63% on higher sales, other income

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DLF Q2 cons net profit down 4.12% at Rs 1935.35 cr

IOC Q2 net loss at Rs 7047.1 cr

Kingfisher Airlines Q2 net loss at Rs 483.3 cr

ING Vysya Bank Q2 standalone net profit at Rs 46.97 cr

GVK Power Q2 cons net profit up at Rs 30.47 cr

HDIL Q2 stand net profit at Rs 265.68 cr

Power Grid Q2 net profit at Rs 396.43 cr

Kotak Mahindra Bank Q2 net profit at Rs 161 cr

UCO Bank Q2 net profit at Rs 244 cr

Syndicate Bk Q2 net profit at Rs 261.91 cr

Ipca Labs Q2 net profit at Rs 36.5 cr

Hanung Toys Q2 net profit up at Rs 19.4 cr

Andhra Bank Q2 net profit up at Rs 161 cr

BEML Q2 net profit at Rs 55.51 cr

Other Results:

J&K Bank Q2 net profit at Rs 115.9 cr
India Cement Q2 net profit of Rs 134.3 cr
Puravankara Proj cons Q2 net profit at Rs 50.5 cr
CESC Q2 net profit at Rs 124 cr
Deccan Chronicle Q2 net profit at Rs 45.27 cr

TVS Motor Q2 net profit at Rs 10.4 cr
BGR Energy Q2 net profit at Rs 23.68 cr
Bharti Airtel Q2 cons net profit at Rs 1668.1 cr
Sun TV Q2 net profit at Rs 108.3 cr
Sobha Developers Q2 net profit at Rs 49 cr


GSS America Q2 net profit at Rs 7.87 cr
Northgate Tech Q2 net profit at Rs 22.4 cr
Nagarjuna Fert Q2 net profit at Rs 8.15 cr
Visa Steel Q2 net profit at Rs 20 cr
Mcleod Russel Q2 net profit at Rs 121.7cr

Aurobindo Pharma reports net loss of Rs 38.50 crore in the September 2008 quarter
Elgi Equipments net profit declines 12.89% in the September 2008 quarter
eClerx Services Q2 net profit at Rs 13.84 cr
NALCO Q2 net profit at Rs 444.46 cr
JSL Q2 net loss at Rs 68.64 cr

MTNL Q2 net profit at Rs 91.86 cr
Suzlon Energy Q2 net profit at Rs 16.98 cr
Divis Labs Q2 cons net profit at Rs 135.39 cr
Welspun Guj Q2 net profit at Rs 65.31cr
Thomas Cook (India) net profit rises 37.98% in the September 2008 quarter

Dhanalakshmi Bank net profit rises 17.85% in the September 2008 quarter
Sakthi Sugars reports net profit of Rs 2.17 crore in the September 2008 quarter
DLF net profit declines 16.65% in the September 2008 quarter

SEL Manufacturing Company net profit declines 14.04% in the September 2008 quarter
Andhra Bank net profit rises 6.82% in the September 2008 quarter
Ispat Industries reports net loss of Rs 26.74 crore in the September 2008 quarter
Castrol India net profit rises 9.92% in the September 2008 quarter
OnMobile Global net profit rises 32.87% in the September 2008 quarter
Essar Shipping Ports & Logistics net profit rises 275.12% in the September 2008 quarter
Bosch net profit rises 15.69% in the September 2008 quarter

Ranbaxy Laboratories reports net loss of Rs 352.93 crore in the September 2008 quarter
McNally Bharat Engineering Company net profit rises 45.89% in the September 2008 quarter
Housing Development & Infrastructure net profit rises 15.83% in the September 2008 quarter
Nestle India net profit rises 13.53% in the September 2008 quarter
MMTC net profit rises 24.98% in the September 2008 quarter

Simplex Infrastructures net profit rises 46.96% in the September 2008 quarter
GTL Infrastructure reports net profit of Rs 14.49 crore in the September 2008 quarter
Power Grid Corporation of India net profit rises 6.79% in the September 2008 quarter
IFB Agro Industries net profit rises 51.97% in the September 2008 quarter
Zodiac Clothing Company net profit rises 15.12% in the September 2008 quarter


Source: Capitalmarket.com

Other Results

Tata Power Q2 net rises marginally
Tata Power, India's largest private power utility, has seen a marginal rise in its fiscal second quarter net profit at Rs 261.93 crore, compa
red to Rs 257.43 crore last year, although the Mumbai-based company said the two quarters weren't comparable due to a change in accounting policies. Its revenue in the same period rose 45% to Rs 1,958.9 crore due to rise in fuel prices, Tata Power said in its statement announced after the results. "Our half yearly results reiterate continued stability of the company's operations. The company has organized loans for all its key projects and that mitigates the effect of the recent global financial crisis," said MD Prasad Menon. "We continue our focus on sustainable and renewable energy spanning wind power, hydro and geothermal. Some of our recent associations and growth plans have been focussed around this effort," he added. During the quarter, Tata Power announced its partnership with the Royal Government of Bhutan to develop the 114 megawatt hydroelectric power project over Dagachhu through Druk Green Power Corp and acquired a 26% stake in the project.
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Gitanjali Gems Q2 net up 31 pc at Rs 35 cr, acquires GECL
Blue Star Q2 net at Rs 45 cr
NMDC Q2 net up 48 pc at Rs 945 cr
Videocon Industries Q4 net dips 29 pc at Rs 175.53 cr
JM Financial Q2 net falls 53 pc at Rs 20.89 cr
Other income boosts ICICI net
KEC International net dips 47%
Vakrangee Softwares net profit rises 51%
Areva net up 8% at Rs 52 crore

MRPL net dips 92 pc at Rs 24.92 cr
Godrej Industries Q2 net loss at Rs 9 cr
Tata Tea Q2 net up two-fold at Rs 217.76 cr
Blue Star net flat at Rs 45 crore
Tata Tele trims Q2 net loss to Rs 47 crore

T.V. Today Network net profit rises 41.68% in the September 2008 quarter
UTV Software Communications reports net profit of Rs 4.12 crore in the September 2008 quarter
Videocon Industries net profit declines 29.29% in the September 2008 quarter
Nitin Fire Protection Industries net profit rises 98.63% in the September 2008 quarter
Bhushan Steel net profit rises 38.26% in the September 2008 quarter
Nagarjuna Construction Company net profit rises 25.71% in the September 2008 quarter
NMDC net profit rises 47.64% in the September 2008 quarter

Indraprastha Gas net profit rises 17.11% in the September 2008 quarter
Tata Communications net profit declines 62.78% in the September 2008 quarter
K S Oils net profit rises 58.84% in the September 2008 quarter
Dewan Housing Finance Corporation net profit rises 36.57% in the September 2008 quarter

SourceET,CM etc

Sensex gains 248 pts as IT stks end on a high, Results

Sensex gains 248 pts; IT stocks end on a high note

The market had some positive triggers today. First, a fairly steady trend on the Asian bourses gave the participants something to cheer about. Information technology, metal and FMCG stocks rallied higher on strong buying support and the Sensex moved past 10,300 in morning trade.
Stockometer
And then, when the market appeared to be losing steam, Reserve Bank of India cut repo rate by 100 basis points to 8%. This time, stocks cutting across sectors vaulted higher and lifted the Sensex past 10,500 to a high of 10,538.05. However, amid high volatility, the Sensex gave up its gains and very nearly slipped into the red in mid afternoon trade before it rallied again on some strong buying in the final hour.
Top gainers
Finally, the BSE barometer ended the session at 10,223.09, up 247.74 points or 2.48% over its previous closing mark. The Nifty, which tumbled into the negative territory to 3058.05 from a high of 3238.40, settled at 3122.80 with a sharp gain of 48.45 points or 1.58%.
Worst losers
IT stocks were the favoured ones today. Mirroring the sharp rise in prices of key stocks in that space, the BSE IT shot up by over 8%. Sector heavyweights Infosys Technologies (up nearly 8%), Tata Consultancy Services (9.5%), Wipro (8.95%) and Satyam Computer Services (8.7%) closed with strong gains.
HDFC Bank (5.95%), ICICI Bank (4.95%), HDFC (5.75%), Bharti Airtel (4.65%), ITC (4.1%), Maruti Suzuki (2.7%), Ranbaxy Laboratories (2.15%), Hindalco (1.95%), Tata Steel (1.75%), State Bank of India (1.45%), Jaiprakash Associates (1.45%), Reliance Industries (1.25%) and NTPC (1.2%) ended on a firm note. ONGC gained around half a per cent. Tata Motors finished with a marginal gain.
BHEL went down by 8.2% to Rs 1096.40 on fears of a fall in revenues to high raw material costs. Grasim Industries lost nearly 8%. DLF ended lower by 6.4%. ACC declined 6.1%. Mahindra & Mahindra eased by 5.35%. Tata Power (down 3.7%) and Reliance Infrastructure (down 1.85%) also declined sharply. Reliance Communications, Hindustan Unilever and Sterlite Industries also ended weak, albeit with less pronounced losses.
Nifty stock HCL Technologies spurted nearly 9%. Sun Pharmaceuticals, SAIL and Tata Communications gained 6.5% - 6.75%. Cairn India and Siemens moved up by around 5.4%. ABB, Reliance Power, Punjab National Bank and Power Grid Corporation also closed on a positive note.
Unitech, Ambuja Cements, Zee Entertainment, Cipla, GAIL India, Reliance Petroleum, Idea Cellular, Suzlon energy and Hero Honda ended with sharp losses today.
United Spirits, the biggest gainer among BSE 'A' Group stocks, ended stronger by 12.9%. Rolta India, Dr Reddy's Laboratories, Reliance Capital, Indian Bank, Pantaloon Retail, IVRCL Infrastructure, RECL, Tech Mahindra, India Bulls Real Estate and MphasiS closed on a high note.
Though not much buying was seen in midcap and smallcap segments, a select few managed to close on a firm note today. FSL, Shaw Wallace, Geodesic, Torrent Pharma, Shree Precoated Steel, SKF India, Nagarjuna Fertilizers & Chemicals, Dishman Pharma, Madras Cements, Bajaj Holdings, MindTree, Gammon India, Asian Star, Nagarjuna Construction Company and Dena Bank were among the prominent gainers in the midcap index.
The market breadth was negative right through the session today. Out of 2616 stocks seen in action on the BSE, 1643 stocks closed in the negative territory. 920 stocks posted gains and 53 stocks ended flat.
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The RBI has cut its key short-term lending rate by 100 basis points
Patel Engg Q2 net up at Rs 43 cr
Petronet LNG Q2 net dips 10% at Rs 103 cr
Gujarat Industries Power to set up two more units
United Phosphorous Q2 net up at Rs 122.04 cr

RBI cuts repo rate by 100 bps to 8 pc
9000 key for Sensex, $700 for gold
Canara Bank Q2 net up at Rs 529.43 cr
Rupee closes at 8-year low against dollar
Idea Cellular PAT dips 45%

Sebi changes tack, says 'options open'; on short sales ban
Indian Hotels Q2 net slides 4.8% to Rs 50.7cr
Provogue (India) net profit rises 14.96% in the September 2008 quarter
Seshasayee Paper & Boards net profit declines 66.98% in the September 2008 quarter
Sunflag Iron & Steel Company net profit rises 100.00% in the September 2008 quarter

Canara Bank net profit rises 31.84% in the September 2008 quarter
Petronet LNG net profit declines 10.51% in the September 2008 quarter
Indian Hotels Co net profit declines 4.85% in the September 2008 quarter
Sterlite Technologies net profit declines 77.70% in the September 2008 quarter
H T Media net profit declines 49.03% in the September 2008 quarter

Idea Cellular net profit declines 31.76% in the September 2008 quarter
Ingersoll-Rand (India) net profit rises 28.22% in the September 2008 quarter
Sanghvi Movers net profit rises 72.00% in the September 2008 quarter
Voltamp Transformers net profit rises 47.65% in the September 2008 quarter
Texmaco net profit rises 59.24% in the September 2008 quarter