Results: SAIL, JPAsso, Zee, Ibulls, LICHsg, PFC etc

SAIL Q2 net up 18% at Rs 2,010 cr

State-run Steel Authority of India today said its net profit for the second quarter ended September 30 stood at Rs 2,009.60 crore, a 18.19 per cent growth over the corresponding period a year-ago. The firm had a net profit of Rs 1,700.24 crore in the September quarter of FY'08, SAIL said in a filing to the Bombay Stock Exchange. The total income rose 34 per cent to Rs 1,2660.99 crore in the reviewed quarter, from Rs 9,467.75 crore in the year-ago period. For the six month ended September 30, the company reported a net profit of Rs 3,644.79 crore, a 13 per cent growth over the corresponding year-ago period. The company had a net profit of Rs 3,225.36 crore in the September quarter of last fiscal. The net sales increased to Rs 25,727.73 crore during the six months, from Rs 19,270.08 crore in the year ago period. Shares of SAIL were trading at Rs 105.85, down 1.85 per cent on the BSE.

Jaiprakash Associates Q2 net up 96% at Rs 203 cr

Infrastructure firm Jaiprakash Associates today announced a net profit of Rs 203.13 crore for the second quarter ended September 30, a 96.03 per cent growth over the corresponding period a year-ago.

The company had a net profit of Rs 103.62 crore in the second quarter of FY08, Jaiprakash Associates said in a filing to the Bombay Stock Exchange.
Jaiprakash Associates also declared the first interim dividend of 30 paise. The company would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
The total income rose to Rs 1,286.63 crore in the quarter under review, from Rs 922.20 crore in the same period last year.
For six months ending September 30, the company reported a net profit of Rs 330.39 crore, a 35.70 per cent rise over the year ago-period.
The company had a net profit of Rs 243.46 crore in the corresponding period last fiscal.
The total income of the company increased to Rs 2,472.76 crore in the six-month period, from Rs 1,926.79 crore.
Shares of Jaiprakash Associates were trading at Rs 77.05, up 13.81 per cent in the morning trade on the BSE.

Other Results:

RNRL net up 5 pc at Rs 20.10 cr
Hero Honda net up 50 pc at Rs 306 cr
NIIT PAT up 41 pc at Rs 29.7 cr

Zee Entertainment Q2 PAT up 84 pc at Rs 178 cr
Idea Cellular slumps 11% on disappointing Q2
MindTree's Q2 revenues grows 40.6 per cent

Crompton Greaves Q2 net profit jumps 24% YoY

Canara Bank's Q2 net up by 32 per cent

Elecon Engineering Q2 net down 7 pc at Rs 16.01 cr

Marico posts Q2 net profit of Rs 45 cr

Tech Mahindra net up 66.7% y-o-y to Rs 303cr

SBBJ net rises 36% to Rs 179.37 crore

Allahabad Bank net dips 83% on high provision

Federal Bank Q2 net up 20%

JB Chemicals hits upper circuit on strong Q2 results
SAIL ends 2% lower as OPM falls 410 bps to 24.6%

Ashok Leyland Q2 net slips

Tech Mahindra Q2 net up 63% at Rs 296 cr

Hero Honda net up 50% at Rs 306 cr

NIIT PAT up 41% at Rs 29.7 cr

Polaris Software Q2 PAT up 89% at Rs 34.42 cr

Zee Entertainment Q2 net slips

Kpit Cummins Q2 net up 29%

LIC Housing Finance Q2 net up 16% at Rs 135 cr

Wockhardt Q2 net dips 43%

Marico Q2 net up 12% at Rs 47 cr

United Spirits Q2 net up 17% at Rs 94 cr

Indiabulls Financial Q2 net down at Rs 44.80 cr

Blue Dart Express net profit declines 21.95% in the September 2008 quarterSales rise 28.22% to Rs 265.79 crore

Bongaigaon Refinery & Petrochemicals reports net loss of Rs 81.15 crore in the September 2008 quarterBongaigaon Refinery & Petrochemicals reported net loss of Rs 81.15 crore in the quarter ended September 2008 as against net profit of Rs 113.23 crore during the previous quarter ended September 2007. Sales rose 57.78% to Rs 2182.38 crore in the quarter ended September 2008 as against Rs 1383.20 crore during the previous quarter ended September 2007.

Punjab Tractors net profit rises 178.47% in the September 2008 quarter

Net profit of Punjab Tractors rose 178.47% to Rs 27.29 crore in the quarter ended September 2008 as against Rs 9.80 crore during the previous quarter ended September 2007. Sales rose 48.85% to Rs 307.98 crore in the quarter ended September 2008 as against Rs 206.90 crore during the previous quarter ended September 2007.

Brigade Enterprises reports net profit of Rs 38.69 crore in the September 2008 quarter

Tata Sponge Iron net profit rises 308.30% in the September 2008 quarter

Hindustan Motors reports net loss of Rs 16.21 crore in the September 2008 quarter

Polaris Software Lab net profit rises 138.42% in the September 2008 quarterNet profit of Polaris Software Lab rose 138.42% to Rs 29.97 crore in the quarter ended September 2008 as against Rs 12.57 crore during the previous quarter ended September 2007. Sales rose 22.80% to Rs 290.33 crore in the quarter ended September 2008 as against Rs 236.43 crore during the previous quarter ended September 2007.

Power Finance Corporation net profit rises 16.69% in the September 2008 quarterNet profit of Power Finance Corporation rose 16.69% to Rs 329.33 crore in the quarter ended September 2008 as against Rs 282.22 crore during the previous quarter ended September 2007. Sales rose 29.12% to Rs 1584.98 crore in the quarter ended September 2008 as against Rs 1227.48 crore during the previous quarter ended September 2007

Ashok Leyland net profit declines 16.31% in the September 2008 quarter

Tech Mahindra net profit rises 63.68% in the September 2008 quarter

Wire & Wireless India reports net loss of Rs 25.77 crore in the September 2008 quarter

Manali Petrochemical net profit rises 71.20% in the September 2008 quarter

Hindustan Zinc net profit declines 17.88% in the September 2008 quarterNet profit of Hindustan Zinc declined 17.88% to Rs 959.51 crore in the quarter ended September 2008 as against Rs 1168.46 crore during the previous quarter ended September 2007. Sales declined 12.12% to Rs 1743.84 crore in the quarter ended September 2008 as against Rs 1984.28 crore during the previous quarter ended September 2007

Reliance Natural Resources net profit rises 4.85% in the September 2008 quarterNet profit of Reliance Natural Resources rose 4.85% to Rs 20.10 crore in the quarter ended September 2008 as against Rs 19.17 crore during the previous quarter ended September 2007. Sales rose 183.62% to Rs 33.24 crore in the quarter ended September 2008 as against Rs 11.72 crore during the previous quarter ended September 2007

Steel Authority of India net profit rises 18.20% in the September 2008 quarter

Hero Honda Motors net profit rises 49.90% in the September 2008 quarter

Crompton Greaves net profit rises 24.73% in the September 2008 quarter

Chennai Petroleum Corporation reports net loss of Rs 102.66 crore in the September 2008 quarter

Opto Circuits (India) net profit rises 35.75% in the September 2008 quarter

LIC Housing Finance net profit rises 16.07% in the September 2008 quarter

United Spirits net profit rises 17.06% in the September 2008 quarter

Geodesic net profit rises 124.64% in the September 2008 quarterSales rise 130.49% to Rs 119.37 crore

Jaiprakash Associates net profit rises 96.03% in the September 2008 quarterSales rise 37.12% to Rs 1182.60 crore

Power Finance Q2 Stan net profit at Rs 329.3 cr

Ashok Leyland Q2 Stan net profit at Rs 67.2 cr

Source:ET,Indiaearnings,CapitalMarket,BS,BL etc

Results: Sesagoa, Zee,Crompton greaves etc

Sesa Goa net profit rises 442.42% in the June 2008 quarter
Net profit of Sesa Goa rose 442.42% to Rs 644.72 crore in the quarter ended June 2008 as against Rs 118.86 crore during the previous quarter ended June 2007. Sales rose 175.59% to Rs 1251.68 crore in the quarter ended June 2008 as against Rs 454.18 crore during the previous quarter ended June 2007.

Zee Entertainment Enterprises net profit rises 104.19% in the June 2008 quarter
Net profit of Zee Entertainment Enterprises rose 104.19% to Rs 130.97 crore in the quarter ended June 2008 as against Rs 64.14 crore during the previous quarter ended June 2007. Sales rose 48.52% to Rs 333.32 crore in the quarter ended June 2008 as against Rs 224.43 crore during the previous quarter ended June 2007

Crompton Greaves net profit rises 29.29% in the June 2008 quarter
Net profit of Crompton Greaves rose 29.29% to Rs 88.90 crore in the quarter ended June 2008 as against Rs 68.76 crore during the previous quarter ended June 2007. Sales rose 20.85% to Rs 1082.86 crore in the quarter ended June 2008 as against Rs 896.07 crore during the previous quarter ended June 2007.

Pidilite Industries net profit declines 5.31% in the June 2008 quarter
Mahindra & Mahindra Financial Services net profit rises 24.81% in the June 2008 quarter
SEL Manufacturing Company net profit rises 215.32% in the June 2008 quarter

Infotech Enterprises net profit rises 99.26% in the June 2008 quarter
Kalyani Steels net profit declines 25.44% in the June 2008 quarter
Sterling Tools net profit rises 286.05% in the June 2008 quarter

Mastek net profit rises 205.23% in the June 2008 quarter
J Kumar Infraprojects reports net profit of Rs 7.58 crore in the June 2008 quarter
Sterlite Technologies net profit declines 30.93% in the June 2008 quarter

Lakshmi Machine Works net profit declines 3.09% in the June 2008 quarter
MMTC net profit rises 38.09% in the June 2008 quarter
Aries Agro reports net loss of Rs 0.90 crore in the June 2008 quarter



Source: CM

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.




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