Showing posts with label Sterlite. Show all posts
Showing posts with label Sterlite. Show all posts

24 January 2009

Results:NTPC,SBI,ICICI,Sterlite, Rcom etc

SBI posts 37% rise in net profit

India's largest bank, State Bank of India (SBI) has posted a 37% rise in net profit to Rs 2478 crore from for third quarter of FY09 from Rs
1809 crores. Operating profit for the same quarter was up 22.5% at Rs 4482 crore as against Rs 3660 crore. The net income interest (NII) stood at Rs 5,758 crores ,as against Rs 4256 crore in the same period last year, a rise of 35%. Other income was up 38% to Rs 21,256 crore as against Rs 15,364 crore in the corresponding period last year. The total income rose 38% to stand at Rs 21,255 crores of this treasury gains was Rs 674 crore as against 644 crore in the corresponding period. Net interest margins improved to 3.15% from 3.01%. Bank's advances rose 28.5% to Rs 503,829 crore while deposits rose 36% to Rs 692,922 crore. Bank made a provision of Rs 515 crore for bad loan as against Rs 444 crore last year. Gross NPA rose to Rs 13,314 crore from Rs 11,182 crore while net NPA rose to 6864 crore from Rs 5610 crore. As a percentage to total advances, gross NPAs fell to 2.61% from 2.82% while net NPA was at 1.36% against 1.44%. Capital adequacy stood at 13.72% under Basel II norms. Bank officials said that write-back was to the turn Rs 513 crore. SBI made a provision of Rs 198 crore which is net of write-back. The bank would have book huge treasury gains this quarter as yields on g-sec fell sharply. The appreciation in value of bonds can not be booked profit, but banks can write - back access provisions made earlier. Shares of SBI ended down 4.34% on Friday, markets are closed on Saturday.

NTPC Q3 net jumps 26 pc Country's largest power producer NTPC on Saturday said its net profit rose by 26.4 per cent to Rs 2,250 crore for the quarter ended December. The company had reported a net profit of Rs 1,780 crore in the corresponding period last year, NTPC informed the Bombay Stock Exchange. For the nine-month period ended December, the net profit of the company stood at Rs 6,088 crore against Rs 6,075 crore in the year-ago period. The company recorded net sales of Rs 11,277 crore against Rs 9,331 crore in the same period last year. The company also declared an interim dividend of 28 per cent. Power regulator Central Electricity Regulatory Commission (CERC) recently increased the rate of return on equity from 14 per cent to 15.5 per cent for determining tariff as part of various incentives being offered to invite greater investments. The move would help power generating and transmission companies, including NTPC, and PowerGrid to get higher profitability, and thus, attract increased private investment.

ICICI Bank Q3 net profit up 3.4%

Rising NPAs and fall in business affect ICICI Bank's performance

Lower expenses and treasury gains saved the day for ICICI Bank. The bank reported a marginal rise in net profit for the third quarter ended
December 31,2008 at Rs 1272.15 cr as against Rs 1230.21 cr in the corresponding period of the previous quarter. The net profit for the three quarters ended December 31 was flat at Rs 3014.37 cr as against Rs 3007.89 cr. The results are below analyst expectation. The other income of the bank was marginally up at Rs 2514.54 cr as against Rs 2426.59 cr. The bank in a statement said that it has earned a treasury income of Rs. 976 crore in the third quarter, primarily by positioning its treasury strategy to benefit from the decline in yields on government bonds. The interest income of the bank was marginally down to Rs 7836.08 cr from Rs 7911.77 cr. The bank has shown a fall in interest expenses to Rs 5845.67 cr from Rs 5952 cr, while operating expenses saw a fall of 18.49% to Rs 1734.11 cr. The bank in a statement said it has pursued a strategy of lightening the balance sheet and prioritizing capital conservation, liquidity management and risk containment given the challenging economic environment. It has also placed strong emphasis on efficiency improvement and cost rationalization. During the third quarter, it continued with this strategy, while also taking advantage of market opportunities to increase its treasury income. The advances of the bank have seen a marginal fall to Rs 2,12,521 cr as against Rs 2,15,517 cr the previous year. The deposits of the bank have also seen a marginal fall to Rs 2,09,065 cr from Rs 2,29.779 cr the previous fiscal. The bank has seen a rise in non performing assets, which is likely to be on the back of rising bad debts in the retail portfolio. The gross NPAs of the bank have moved up to 4.14% (Rs 8,988 cr) from 2.96% (Rs 6,474.84 cr). The net NPAs of the bank have risen to 2.07% (Rs 4,400.23 cr) from 1.5% (3,227.82 cr). ICICI Bank Canada has posted a net profit of Canadian dollars 32.9 million. After accounting for the gains on buyback of bonds and mark-to-market provisions on the investment portfolio, ICICI Bank UK has posted a net profit of $1.4 million for the three quarters ended December 31. The Bank's capital adequacy ratio at December 31, 2008 on Basel II norms was at 15.6%.

Sterlite Industries Q3 net dips 37 pc at Rs 732 cr

Sterlite Industries on Saturday said that its consolidated net profit in the third quarter of the current fiscal declined 37.76 per cent at
Rs 732.31 crore from the corresponding period a year ago. NRI billionaire Anil Agarwal-led firm had a consolidated net profit of Rs 1,176.64 crore in the third quarter last financial year, Sterlite Industries said in a filing to the Bombay Stock Exchange. Consolidated net income of Vedanta Group firm also fell to Rs 4,445.55 crore in the December quarter of FY 2009, from Rs 5,232.20 crore a year ago. For the nine-month period ended December 31, 2008, the company posted a consolidated net profit of Rs 4,048.51 crore, an 8.67 per cent drop from the same period a last year. It had a consolidated net profit of Rs 4,433.23 crore in the December quarter of last fiscal. On a standalone basis, the copper producer registered a net profit of Rs 204.01 crore in the latest quarter, an 11.62 per cent decline compared with Rs 230.85 crore in the previous year. On Friday, shares of Sterlite Industries closed at Rs 239.45, down 1.68 per cent on the BSE.

RCOM disappoints St, Q3 net rises just 3%

Reliance Communications (RCOM), India’s largest CDMA operator, underperformed market expectations in the December quarter, as profitability
in the wireless and broadband business segments dropped significantly. The R-ADAG company is now planning a sharp cut in capital expenditure. The company posted a 2.7% rise in net profit to Rs 1,410 crore while revenues were up 20% to Rs 5,850 crore for the quarter. The telco added 5.3 million subscribers in the world’s fastest-growing telecom market during the period. ETIG had estimated RCOM’s net profit at Rs 1,669.4 crore on revenues of Rs 5,876.6 crore. RCOM chairman Anil Ambani announced a sharp cut in capex beginning next fiscal. “We will invest in the range of Rs 15,000 crore next fiscal, including Reliance Infratel. Our revised capex expectation for 2008-09 is Rs 25,000,” he said during an analysts conference call after the results. The company’s earlier capex guidance was Rs 30,000 crore for the current fiscal. “Peak capex is behind us and we will continue to go down from here,” he said, adding that capex numbers exclude funds earmarked for 3G (third-generation) spectrum and broadband wireless access (BWA) auctions. “We are on course to deliver free cash flows soon,” he added. Ebitda margins for RCOM’s mobile business reduced sequentially by 1.2% to 37.7%, as average revenue per user (ARPU) per month declined by Rs 20 to Rs 251. The telco’s ARPU during the December quarter is now much lower than rival Bharti Airtel’s Rs 324. Despite attractive tariff schemes and free minutes, RCOM reported a decline in minutes of usage to 410 from 423 per user per month. Even wireless revenue per minute dipped to 61 paise from 64 paise. However, the company said EBITDA margins will be stable in the medium to long term. Ahead of results, the RCOM stock slipped 4.5% to close at Rs 160.15 on Friday in a weak Mumbai market. Mr Ambani said there is a strong demand for NLD bandwidth from enterprise customers. “We are targeting Rs 1,000-crore market share in the next two years out of the total Rs 5,000-crore addressable market,” he said. RCOM’s tower arm Reliance Infratel has commissioned over 50,000 towers till now and is in discussion with operators for infrastructure sharing.

Torrent Power Q3 net up 72 pc at Rs 102 cr

HCL net up 12% at Rs 373 cr24 Jan 2009, 0018 hrs IST
HCL Technologies, one of India’s top five software exporters, warned on Friday its margins could come under pressure as customers faced a choppy economic environment, as it posted a 12.1% rise in third-quarter net profit.

Tech Mahindra Q3 net up 12 pc at Rs 222.90 crore 23 Jan 2009, 1646 hrs IST
Software firm Tech Mahindra reported 12% growth in net profit at Rs 222.90 crore for third quarter ended Dec 31, 2008.
IDBI Bank Q3 net up 27% at Rs 223 crore 23 Jan 2009, 1620 hrs IST
IDBI Bank reported a 26.61% growth in net profit at Rs 222.63 crore for the third quarter ended December 31, 2008.
Vijaya Bank posts 23.73% rise in net profit 23 Jan 2009, 1555 hrs IST
Vijaya Bank has posted a 23.73% rise in net profit to Rs 157 crore in the third quarter ending December 09 as against Rs 127crore reported last year in the same period.

Divis Labs net profit was at Rs 79.5 cr

SBI Q3FY09 PAT up 37% to Rs 2478 cr

RNRL Q3 consolidated net profit 24.21 cr

IDBI Bank Q3 net profit at Rs 222.6 cr

Canara Bank Q3 net profit at Rs 701.5 cr

Union Bank of India Q3 net profit at Rs 672 cr

Voltas Q3 PAT at Rs 42.41 cr

3i Infotech Q3 net profit at Rs 27cr

Source:ET,IE etc

Torrent Power Q3 net up 72 pc at Rs 102 cr

23 October 2008

Results: RIL,Sterlite,GAIL,ACC,Grasim,PunjLloyd,Voltas,DrReddy, SesaGoa etc

Sterlite Ind Q2 net
Sterlite Industries
Industries Q2 net up at Rs 1277 cr
Thursday, 23 October , 2008, 15:47

Sterlite Industries India Ltd has announced the following unaudited results for the quarter ended September 30, 2008:

The company has posted a net profit for the period of Rs 462.93 crore for the quarter ended September 30, 2008 where as the same was at Rs 212.87 crore for the quarter ended September 30, 2007. Total Income is Rs 3940.40 crore for the quarter ended September 30, 2008 where as the same was at Rs 3696.54 crore for the quarter ended September 30, 2007.
The consolidated results are as follows

The consolidated results for the quarter ended September 30, 2008
The group has posted a net profit after tax attributable to consolidated group of Rs 1276.94 crore for the quarter ended September 30, 2008 where as the same was at Rs 1082.74 crore for the quarter ended September 30, 2007. Total Income is Rs 7205.82 crore for the quarter ended September 30, 2008 where as the same was at Rs 6890.42 crore for the quarter ended September 30, 2007.

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RIL Q2 net up 7.4%; high oil prices push revenue by 39.5%
Voltas Q2 net profit up 16%
BOC India Q3 net at Rs 21.87 cr
Punj Lloyd Q2 net up by 61%
Hindustan Oil Q2 net up 72%

Gail India Q2 net up 79%
Apollo Tyres Q2 net down 73%
ACC reports flat Q3 net
Grasim Ind Q2 net slips by 16% at Rs 419.50 cr
BSEL Infra Realty Q2 net dips
Dr Reddy’s Lab Q2 net down 27.20%

Exide Q2 net up 25 pc to Rs 78 cr
Reliance Industries Q2 net up at Rs 4122 cr
ACC reports flat Q3 net
Sterlite Industries Q2 net up at Rs 1277 cr
Dr Reddys Laboratories Q2 net up at Rs 87 cr

Bajaj Auto Q2 net up at Rs 185 cr
Patni Computer Q3 net up 80%
City Union Bank Q2 net up 40% at Rs 38 cr
Zee News PAT up 108% at Rs 11.47 cr

GAIL Q2 net profit at Rs 1,023.45 cr
RIL Q2 net profit up 7.4% at Rs 4122 cr
Punj Lloyd Q2 cons net profit up at Rs 144.12 cr
Hotel Leela Q2 net profit at Rs 24.1 cr
Gujarat Alkalies Q2 standalone net profit at Rs 83.8


Sterlite Industries Q2 net profit at Rs 1277 cr
Voltas Q2 net profit at Rs 62 cr
HCL Infosystems Q1 cons net profit at Rs 66 cr
HOEC Q2 standalone net profit at Rs 12.86 cr
ACC Q3 consolidated net profit at Rs 259.98 cr

Dr Reddys Labs Q2 net profit at Rs 121 cr
Cummins Q2 net profit up at Rs 93.9 cr
Grasim Q2 standalone net profit at Rs 419 cr
Apollo Tyres Q2 net profit at Rs 7.79 cr
Infotech Q2 PAT at Rs 34 cr

KEC Intl Q2 net profit at Rs 17.8 cr
Monnet Ispat Q2 net profit at Rs 62 cr
Vijaya Bank Q2 net profit at Rs 79.9 cr
Tanla Solutions Q2 net profit at Rs 70.5 cr
City Union Bank Q2 PAT at Rs 37.65 cr

ACC net profit declines 0.05% in the September 2008 quarter
Sterlite Industries (India) net profit rises 117.47% in the September 2008 quarter
Dena Bank Q2 net profit at Rs 102.8 cr
Gateway Distriparks Q2 net profit at Rs 26.2 cr
Mangalore Chem Q2 net profit at Rs 25.2 cr
Phoenix Mills Q2 net profit at Rs 38.6 cr
Gati Q2 net profit at Rs 42 lakh

Sesa Goa Q2 cons PAT up 262% at Rs 336.6 cr
Core Projects Q2 net profit at Rs 29.64 cr
Patni Q3 cons net profit at Rs 200.19 cr
3i Infotech Sept qtr net profit at Rs 55.8 cr
Pidilite Ind Q2 net profit at Rs 33.16 cr

Jindal Drilling Sept qtr net profit at Rs 6.5cr
KPR Mill Q2 net profit at Rs 5.41 cr
Aarti Industries net profit rises 369.78% in the September 2008 quarter
Kolte Patil Developers net profit rises 78.34% in the September 2008 quarter
Cords Cable Industries net profit rises 12.75% in the September 2008 quarter

Bharat Bijlee net profit declines 23.72% in the September 2008 quarter
BOC India net profit rises 208.90% in the September 2008 quarter
Gujarat Alkalies & Chemicals net profit rises 0.79% in the September 2008 quarter
Hindustan Oil Exploration Company net profit rises 72.39% in the September 2008 quarter
Unichem Laboratories net profit rises 64.88% in the September 2008 quarter

Sadbhav Engineering net profit declines 9.01% in the September 2008 quarter
K E C International net profit declines 47.48% in the September 2008 quarter
Monnet Ispat & Energy net profit rises 68.60% in the September 2008 quarter
Rajesh Exports net profit declines 51.18% in the September 2008 quarter
Praj Industries net profit rises 11.41% in the September 2008 quarter
Selan Explorations Technology net profit rises 578.30% in the September 2008 quarter

Exide Industries net profit rises 25.06% in the September 2008 quarter
Indowind Energy net profit rises 11.26% in the September 2008 quarter
Sesa Goa net profit rises 272.68% in the September 2008 quarter
Hercules Hoists net profit rises 55.86% in the September 2008 quarter


Source:ET,CM,IE,BS, BL etc...................

14 June 2008

Sterlite, Tata Power enter SENSEX and ET Stories

Sterlite, Tata Power enter BSE index

Sterlite Industries, non-ferrous metals company, and Tata Power Co Ltd will enter the country's benchmark BSE Index after a rejig, the stock exchange said. The two stocks replace Ambuja Cements Ltd and Cipla Ltd, the statement, released on Friday, said. The revisions will be effective from July 28, it added.

Other Top stories from ET:
Analysts' Picks: NIIT, BPCL, Patni
Regulators to ease rules for listing
Govt hikes excise duty of big cars
Hindalco considers equity rights issuance
Deccan Chronicle in talks for unit stake sale to NYT
I&B Ministry sets up TV content monitoring centre
Repo hike won't tame inflation
Short build up widens June discount, F&O volume down 22%

Asia stocks post biggest weekly dip in 10 months
China stocks post biggest weekly loss since 1996
HK stocks fall to end week 7 pc lower
Wall Street finishes with sharp gains
India's real estate to clock 30 pc growth in next ten years
Did mutual funds get wind of the Ranbaxy deal?

For more@ http://economictimes.indiatimes.com/headlines.cms


Source: www.Theeconomictimes.. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

29 January 2008

Results: SAIL, Maruti, Sterlite, Suzlon, Syndicate Bk, Yes Bk, Zee, GSKL, Thermax, Praj, Optockts, GE shipping

SAIL registers highest Q3 net at Rs 1,935 cr
Higher volume and cost reduction helped state-run steel giant SAIL register a record third quarter profit of Rs 1,935 crore, against Rs 1,471 crore in the corresponding period last year, a 32 per cent increase. The sales turnover during the quarter rose by 11.4 per cent to Rs 10,756 crore. The company netted its highest revenue for the first nine-month at Rs 30,026 crore.

"Riding on the back of improved product mix coupled with substantial increase in production of special grade steel and cost reduction, SAIL has achieved this profitability," its chairman S K Roongta said here. Profit after tax shot up by 20 per cent to Rs 5,160 crore during April-December period. Profit before tax was Rs 2,922 crore, highest in any third quarter, Roongta said, pointing out that this was 31 per cent higher than the same period last year.

SAIL achieved a record hot metal production of 11.3 million tons, 10.4 MT of crude steel and 9.6 MT of saleable steel dring the first nine months of the current fiscal. Its plants operated at 121 per cent average capacity utilisation in the third quarter, against 112 per cent achieved in the same period last year, the SAIL Chairman said. The steel giant further reduced its borrowings by Rs 412 crore in the third quarter to Rs 2,792 crore. With this, the PSU's debt: equity ratio came down to the lowest level of 0.13:1 at the end of the third quarter, he said.


Maruti Suzuki Q3 net profit up 24% YoY

Maruti Suzuki India's net profit for the quarter ended Dec 31, 2007 stood at Rs 467.04 crore, up 24.08 per cent compared with Rs 376.41 crore in the same quarter of previous year. Total income increased 27.23 per cent to Rs 4,844.80 crore from Rs 3,807.90 crore a year ago

Suzlon Q3 net profit jumps 91%; share up over 3%
Suzlon Energy net profit for the quarter ended Dec 31, 2007 rose 91.90 per cent to Rs 338.18 crore against Rs 176.23 crore in the quarter ended Dec 2006. Net sales increased 49.68 per cent to Rs 1,654.96 crore from Rs 1,105.67 crore last year. The strong results saw the shares rise 3.13 per cent to Rs 325 on NSE at 9:59 am.

Zee Entertainment Q3 net profit up 3% YoY
Zee Entertainment Enterprises net profit for the quarter ended Dec 31, 2007 rose 2.92 per cent to Rs 81.68 crore against Rs 79.36 crore in the same quarter of previous year. Total income increased 24.02 per cent to Rs 305.61 crore from Rs 246.42 crore year ago. The group’s net profit for October-December quarter grew 18.42 per cent to Rs 113.47 crore compared with Rs 95.82 crore in the corresponding quarter of previous year. Total revenue has amplified by 25.12 per cent to Rs 541.95 crore from Rs 433.15 crore in earlier year. At 3:08 pm, Zee Entertainment shares were up 4.81 per cent at Rs 267 on BSE

GlaxoSmithkline Q4 net profit jumps 9% [
MUMBAI: GlaxoSmithkline Consumer Healthcare has posted the un-audited results for the quarter ended Dec 31, 2007: GlaxoSmithkline’s net profit rose 9.13 per cent to Rs 27.5 crore for the October-December quarter compared with Rs 25.2 crore in the same quarter of previous year.. Total income increased 7.56 per cent to Rs 301.6 crore from Rs 280.4 crore a year ago. The audited results for the year ended Dec 31, 2007: The company’s net profit for the three months quarter ended Dec 31, 2007 grew 28.13 per cent to Rs 162.6 crore comapred with Rs 126.9 crore during the corresponding period of earlier year. Total income increased 16.08 per cent to Rs 1,346.7 crore from Rs 1,160.1 crore from the earlier year. At 3:20 pm, GlaxoSmithkline shares were up 2.46 per cent at Rs 625 on BSE.

Thermax Q3 net profit up 35%
Thermax has posted a net profit of Rs 75.03 crore, up 35.31 per cent for the quarter ended Dec 31, 2007 against Rs 55.45 crore in the same quarter of previous year. Total income increased 53 per cent to Rs 854.02 crore from Rs 558.17 crore a year ago. At 3:12 pm, Thermax shares were down 0.48 per cent at Rs 669.30 on BSE.

Sterlite Industries Q3 net profit falls 7%
Sterlite Industries India net profit after tax and exceptional items rose 7.48 per cent to Rs 230.85 crore for the quarter ended Dec 31, 2007 against Rs 214.79 crore in the same quarter of previous year. Total income decreased 13.21 per cent to Rs 2,794.63 crore from Rs 3,219.86 crore a year ago. The group’s net profit after tax attributable to consolidated group declined 33.85 per cent to Rs 855.31 crore for the October-December quarter compared with Rs 1,293.01 crore in the corresponding quarter of earlier year. Total income reduced 20.95 per cent to Rs 5,534.17 crore for the quarter from Rs 7,000.73 crore of previous year. Previous year figures have been regrouped wherever necessary. On account of sale of Power Transmission Line Division with effect from July 01, 2006, figures for current period are not strictly comparable to figures for the previous period / year. On Tuesday, Sterlite Industries shares closed down 3.17 per cent at Rs 768.10 on BSE.

Alstom Projects Q3 net profit down 0.66%

Syndicate Bank Q3 net profit up 20%
Syndicate Bank net profit for the quarter ended on Dec 31, 2007 rose 20.82 per cent to Rs 273.19 crore against Rs 226.12 crore in the same quarter of previous year. Total income increased 27.57 per cent to Rs 2,265.63 crore from Rs 1,776.03 crore year ago. On Tuesday, Syndicate Bank shares closed down 2.93 per cent at Rs 102.85 on BSE.

Praj Industries Q3 net profit up 17%
Praj Industries net profit 17.24 per cent to Rs 39.44 crore for the quarter ended on Dec 31, 2007 against Rs 33.64 crorefor the quarter ended Dec 2006. Net sales increased 1.32 per cent to Rs 180.22 crore from Rs 177.87 crore a year ago. The company has declared an interim dividend at Rs 1.98 per share (99 per cent) for the financial year 2007-2008.

Indo Rama Synthetics Q3 net profit up 137% [
Indo Rama Synthetics India’s net profit for the quarter ended Dec 31, 2007 rose 137.17 per cent to Rs 7.21 crore against Rs 3.04 crore in the same quarter of previous year. Total income increased 1.48 per cent to Rs 570.27 crore from Rs 561.95 crore a year ago.

Opto Circuits posts 103% growth in sales in Q3 FY08
The board of Opto Circuits (India) Ltd Tuesday approved and adopted the company's financial results for the third quarter and first nine months ended Dec 31, 2007. On a consolidated basis, the medical diagnostics and interventional products company posted a 103 per cent growth in sales that stand at Rs 127.32 crore compared to Rs 62.80 crore in the corresponding period last year. Net profit for the quarter stood at Rs 35.74 crore, as against Rs 20.01 crore in the previous year, a 79 per cent rise. For the nine months ended Dec 31, 2007, Opto Circuits posted consolidated sales of Rs 347.60 crore as against Rs 167.37 crore of the corresponding period and a net profit of Rs 97.63 crore as against Rs 49.02 crore in the previous year, an increase of 108 per cent in sales and 99 per cent in profit. "We are looking at new markets for exploring the possibility of increasing our market share. We are confident of making a significant imprint in the global market through in-organic growth and wider market spread," said Vinod Ramnani, chairman & managing director, after announcing the results. In the Octo-Dec quarter, the company received US FDA approval for two of its new generation range of Pulse Oximeters, M30 and M34. The company obtained accreditation of ISO 14001:2004 for Environmental Management System and OHSAS 18001:2007 for occupational Health and Safety Management System.

Indoco Remedies Q2 net profit up 23% [
Indoco Remedies on Tuesday reported a net profit of Rs 11.85 crore for the second quarter ended Dec 31, 2007, an increase of 23 per cent over Rs 9.63 crore posted in the corresponding quarter of 2006. Turnover for the quarter increased 15.91 per cent to Rs 94.93 crore from Rs 81.90 crores year earlier.

GE Shipping Q3 net profit up 77% YoY
Net profit of The Great Eastern Shipping for the quarter ended December 31, 2007 rose 77.01 per cent to Rs 293.57 crore against Rs 165.85 crore in the same quarter of previous year. Net sales increased 33.13 per cent to Rs 653.32 crore from Rs 490.75 crore a year ago. The company has declared an interim dividend of Rs.3.50 per share.

Timex Watches Q3 net profit shoots up 595%
Accentia Technologies Q3 net profit jumps 75%

Yes Bank Q3 net profit jumps 116% YoY
Yes Bank net profit for the quarter ended Dec 31, 2007 rose 116.10 per cent to Rs 54.24 crore against Rs 25.10 crore in same quarter of 2006. Interest earned increased 115.44 per cent to Rs 346.36 crore from Rs 160.77 crore year ago. Interest expended grew 127.91 per cent to Rs 253.32 crore in the October-December quarter compared with Rs 111.15 crore during the corresponding quarter year earlier.




Source: http://economictimes.indiatimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

29 October 2007

Results: BHEL, MnM, HDFC, Sterlite, Maruti etc

BHEL net jumps 91.01% in Sep`07 qtr
BHEL Q2 net profit up 91% to Rs 688 cr


Bharat Heavy Electricals (BHEL) on a standalone basis registered a stupendous growth of 91.01% in net profit to Rs 6,876.60 million for the quarter ended September 2007, as against Rs 3600.10 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 18.68% to Rs 39,653.60 million as against with Rs 33,411.50 million for the same quarter a year ago.
Total income for the quarter rose 27.20% to Rs 44,662.50 million as compared with Rs 35,110.40 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 14.05 in the quarter ended September 2007.


HDFC net up 75.63% in Sep`07 qtr


Housing Development Finance Corporation (HDFC), India`s first and largest mortgage finance company on standalone basis registered a 75.63% growth in net profit to Rs 6,463.90 million for the quarter ended September 2007, as compared with Rs 3,680.20 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 30.53% to Rs 18,886.00 million as against Rs 14,467.90 million for the same quarter a year ago.
Total income for the quarter rose 29.94% to Rs 18,925.00 million, from Rs 14,563.30 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 22.83 in the quarter ended September 2007.


Sterlite Industries (consolidated) net up 1.1% in Q2

Sterlite Industries on a consolidated basis posted a 1.1% rise in net profit of Rs 10,827.40 million for the quarter ended September 2007, as compared to Rs 10,710.00 million, for the same quarter of the previous year. Total Income rose marginally by 0.90% to Rs 68,904.20 million for the quarter ended September 2007, where as the same was at Rs 68,292.50 million for the quarter ended September 2006.
The company also said that on account of sale of power transmission line division with effect from Jul. 1, 2006, figures for current period(s) are not strictly comparable to figures for the previous period.
On a standalone basis the company posted a 55.88% rise in net profit at Rs 2128.70 million for the quarter ended September 2007, where as the same was at Rs 1365.60 million, for the same quarter last year.

Highlights of the quarterUnder international competitive bidding (ICB), the company bagged orders worth Rs 29 billion for the supply and installation of the main plant package at the upcoming Jhajjar Super Thermal Power Project in Haryana, involving three units of 500 MW each. The orders have been placed on BHEL by Aravali Power (APCPL), a joint venture company of NTPC, IPGPL and HPGCL. Significantly, this is the highest value boiler and turbine generator (BTG) package contract for a single project ever received by BHEL.Shares of the company closed up Rs 180.35, or 7.42% to settle at Rs 2612.1. The total volume of shares traded at the BSE was 405,033. (Monday).

M&M net dips 26% for Sep`07 qtr
Mahindra & Mahindra (M&M), a leading maker of utility vehicles, posted a 26.01% decline in net profit at Rs 2,859.47 million for the quarter ended September 2007 as compared to Rs 3,864.77 million for the same quarter, last year.
However, on a quarter-on-quarter basis, the company recorded a 49.57% increase in net profit compared with Rs 1,911.70 million for the previous quarter ended June 2007.
Net sales for the quarter rose 12.52% to Rs 28,023.95 million as compared with Rs 24,905.01 million for the quarter ended September 2006.
Total Income increased 12.02% to Rs 28,715.49 million for the quarter ended September 2007 from Rs 25,634.18 million for the quarter ended September 2006.
The diluted EPS, after extraordinary items, stood at Rs 10.69 for the quarter ended September 2007.

Maruti Suzuki Q2 net up 27%
Maruti Suzuki India posted a 26.96% jump in net profit at Rs 4,665.00 million for the quarter ended September 2007 as compared to Rs 3,674.40 million for the same quarter, last year.Total Income increased 33.75% to Rs 47,358.30 million for the quarter ended September 2007, from Rs 35,408.90 million for the quarter ended September 2006.
Net Sales for the quarter rose to Rs 45,473.70 million as compared to Rs 34,191.90 million, a year ago.
The diluted earnings per share of the company stood at Rs 16.15 in the current quarter.


J&K Bank net up 28.30% in Sep`07 qtr

Jammu & Kashmir (J&K) Bank registered 28.30% rise in net profit to Rs 1,078 million in the quarter ended September 2007 from Rs 840.20 million in the quarter ended September 2006. Interest income for the quarter rose 29.13%, to Rs 5,966.90 million from Rs 4,620.70 million for the quarter ended September 2006.
Total income also rose 30.31%, to Rs 6,547.70 million in the current quarter from Rs 5,024.60 million for the quarter ended September 2006

Thomas Cook (consolidated) net up 76% for nine-months ended Sep`07

Kanoria Chemicals net doubles for Sep`07 qtr
Kanoria Chemicals & Industries, manufacturer of chemical intermediates, recorded a phenomenal 2.27 times jump in net profit led by lower input costs and operational efficiencies. The net profit for the quarter ended September 2007 stood at Rs 109.01 million as against Rs 48.05 million in the quarter ended September 2006.Net sales for the quarter dipped 5.60% to Rs 1,035.59 million from Rs 1,096.99 million for the quarter ended September 2006

Thermax Q2 net up 97%
Thermax announced a 97.26% jump in net profit at Rs 692.00 million for the quarter ended September 2007, compared with Rs 350.80 million for the same quarter, last year. Net Sales rose 59.68% to Rs 7,701.00 million in the quarter, from Rs 4,822.90 million in the same quarter, a year ago. Total Income stood at Rs 7,809.60 million for the quarter ended September 2007, where as the same was at Rs 4,910.50 million for the same quarter last year.


Divis Labs net zooms 2.91 times for Sep`07 qtr
Divis Laboratories registered a substantial rise of 2.91 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 912.50 million from Rs 312.82 million in the same quarter of the previous year.

Total income grew 48.11% to Rs 2,440.50 million in the quarter as compared with Rs 1,647.73 million in the quarter ended Sep.30, 2006.

Unity Infraprojects net up 22% in Q2
Unity Infraprojects announced a 21.94% jump in net profit at Rs 108.36 million for the second quarter ended September 2007, compared with Rs 88.86 million for the corresponding quarter, last year. Net Sales rose 52.47% to Rs 1,529.40 million in the quarter, from Rs 1,003.11 million in the same quarter, a year ago.


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