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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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India on Monday became the 20th nation in the world

India on Monday became the 20th nation in the world to have seen its stock market benchmark enter the league of bourses that have touched the 20,000-point milestone. The bellwether index Sensex on Monday breached the 20k level in intra-day trade for the first time in its over two-decade history.

As many as 32 indices spanning across 19 countries have already crossed this mark. After crossing the magical figure in late afternoon trade, the Sensex, however, fell to close at 19,977.67. In Asia, the bellwether index is second only to Hong Kong's Hang Seng to achieve this feat, while markets like China and Japan are yet to see any of their indices touching 20k points. Even in the West, markets like the US, UK, Canada, Germany and France have not seen their indices reaching this mark.

The countries whose stock market indices have crossed 20k level include Mexico, Brazil, Argentina, Venezeula, Peru, Costa Rica, Jamaica, Italy, Poland, Russia, Hungary, Ukraine, Turkey, South Africa, Egypt, Morocco, Nigeria and Hong Kong. Italy and Hong Kong have four indices each trading above 20k level, while South Africa and Peru have three such indices each. Mexico and Russia have two such indices each, while others have one index each to have crossed 20k level.

Argentina's Indice Bolsa General is trading above 1,28,300 points, while Jamaica's JSE Market Index is near 99,000 level. Other big indices in terms of sheer value include Egypt's Hermes Index, Russia's ASP General, Brazil's Bovesta Index, Poland's WSE WIG Index, Turkey's ISE National 100 Index and benchmark index of Nigeria stock exchange, all of which are quoted above 50k points.

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Gainers at 20K.....

20K......20K......20K..........

Sensex hits a new high past 20k, ends 735 pts up

Wrap Up: Sensex ends up 734.50 pts; hits 20k

Market ends firm; Sensex conquers 20000

L&T, ICICI push Sensex over 20K, Nifty 5900

Current Change

NIFTY 5905.90 203.60
SENSEX 19977.67 734.50

Strong global markets, impressive results from some top notch companies and expectations of a cut in bank rates triggered a massive rally on the major Indian bourses today. As stocks cutting across sectors surged higher on sustained buying support, the benchmark BSE index Sensex created yet another record when it vaulted past the 20,000 mark for the first ever time in history.
The benchmark, which needed no more than five sessions to vault from 18,000 to 19,000 took a comparatively longer period for its next 1,000 points jump. However, considering the fact that it had plunged to as low as 17,171.45 on 22 October 2007, a week after scaling the 19k peak, its feat is simply incredible, to say the least. From that low on 22 October 2007, the Sensex has spurted over 2800 points in a short span of six sessions.

The market regulator's restrictions on investments through Participatory Notes notwithstanding, stock prices have been moving up quite sharply over the past few sessions.
After opening on a buoyant note at 19,621.39, a positive gap of over 375 points, the Sensex sailed past 19,900 around noon thanks to strong buying in capital goods, oil, bank and telecom stocks. Auto and information technology stocks joined the rally a little later. Hectic buying was seen in several midcap and smallcap stocks as well.

Though the barometer remained a bit listless as it neared the magical figure of 20,000, it finally crossed that milestone during the fag end of the session today. While the Sensex closed with a whopping gain of 734.50 points or 3.82% at 19,977.67, around 47 points down from its new all-time high of 20,024.87, the broader 50 stock Nifty index of the National Stock Exchange, which hit a new high at 5922.50, settled at 5905.90 with a gain of 3.57% or 203.60 points.

Mirroring the sharp surge in prices of key capital goods stocks, the BSE CG index moved up by as much as 7.05% today. The Oil & Gas index gained a little over 5%. The Bankex ended stronger by 3.66% while the PSU index, which consists of several bank stocks, closed with a gain of 3.44%.

The Consumer Durables, Metal, Realty, FMCG and Healthcare indices ended higher by 1% - 3%. The IT, Teck and Auto indices surged 0.84%, 0.88% and 0.7% respectively.
Excellent results and huge expansion plans of the company kept the Larsen & Toubro stock high up in the positive territory right through the session today. The stock, which raced to a new all-time high of Rs 4300, ended at Rs 4277.45 with a hefty gain of 10.35%. BHEL (7.45%) too had a highly profitable outing.

Housing finance major HDFC gained 9.65%. ONGC (7.15%), HDFC Bank (6%), ICICI Bank (5.5%) and Reliance Industries (5.05%) also contributed significantly to the gains of the benchmark indices today.

Reliance Energy moved up by around 3.1%. NTPC, Wipro, Satyam Computer Services, State Bank of India, Reliance Communications and Hindustan Unilever gained 1% - 2%. ITC, Grasim Industries, Infosys Technologies and Maruti Suzuki ended with modest gains. Hindalco and ACC finished with small gains.

Ambuja Cements, Bharti Airtel, Dr. Reddy's Laboratories, Cipla and Tata Consultancy Services settled around their previous closing levels. Bajaj Auto, Mahindra & Mahindra, Ranbaxy Laboratories and Tata Motors eased by 0.4% - 0.7%. Tata Steel, traded on ex-rights basis, ended at Rs 900.90.

Siemens (up 11.8% to Rs 1930.70) was the biggest gainer in the Nifty index. Reliance Petroleum vaulted 9.7% to Rs 221.80. MTNL, SAIL, Unitech, Tata Power, VSNL, Punjab National Bank, Suzlon Energy, ABB, GAIL India, Nalco, GlaxoSmithKline Pharma and Sun Pharmaceuticals closed with strong gains. Zee Entertainment, HCL Technologies and Hero Honda also posted notable gains.

LIC Housing Finance skyrocketed nearly 31.5% to Rs 360.30 today. Jindal Saw hit the 20% upper limit. Engineers India, Gujarat Gas, Alfa Laval, Dredging Corporation, Bombay Dyeing, Gujarat Industries & Power, Punjab Lloyd, Jindal Steel and Maharashtra Seamless closed on a high note.

MRF, Texmaco, Bosch Chasis Systems, GIC Housing, Dewan Housing, PSL, LGB Brothers, Canfin Homes, Ashapura Minechemicals, Suashis Diamonds, Gujarat NRE Coke, Shanthi Gears and Reliance Natural Resources ended with huge gains.

Sensex retreats a bit; MRF, Texmaco soar @ 13:03 hrs

Notwithstanding a few wild swings in prices of a few front line stocks, the benchmark indices Sensex and the Nifty remain high up in the positive territory this afternoon.

While the Sensex, which is on the verge of scaling the 19,000 mark, is up with a gain of 650.21 points or 3.38% at 19,893.38, the Nifty, which crossed the 5900 mark and hit a high of 5913.75 earlier in the day, has recorded a gain of 3.21% or 183 points at 5885.30 at present.
Capital goods stocks remain the favourites of investors today. Mirroring the sharp surge in prices of a host of stocks in the capital goods space, the BSE CG has vaulted as much as 7.25% now.

Oil, PSU, bank, auto, realty and telecom stocks have also posted strong gains. Buying remains a bit selective in consumer durables and pharma sectors. IT stocks, despite opening on a firm note, have turned subdued due to a surging rupee.

Midcap stock MRF remains firmly locked at the 20% upper circuit at Rs 6748.6. Texmaco has jumped 18.5% to Rs 1365. Ashapura Minechemicals has gained a little over 15% at Rs 327.30.
Engineers India, extending last week's smart rise, has gained 12.5% today. Jindal Saw, Alfa Laval, Dredging Corporation, Gujarat NRE Coke, Shopper's Stop, LIC Housing Finance, Bharat Bijlee and Bombay Dyeing have gained 8% - 12%.

Monsanto, Everest Kanto Cylinder, Jagran Prakashan, Nagarjuna Construction Company, Finolex Cables, Shriram Transports, ABG Shipyard and Allcargo Global are among the other big gainers in the midcap index.

Among smallcap stocks, Nesco, Bosch Chasis Systems, LGB Brothers, Mather Pumps, Techno Electrical Engineering, Shanthi Gears, Suashish Diamonds, Mukta Arts, Valecha Engineering, Kanoria Chemicals, Viceroy Hotels, Dewan Housing, Info Media, Zandu Pharmaceuticals, Hercules Hoist, Numeric Power Systems, Indo Tech Transformers and Disa India are among the big gainers today

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

Day's Quote/Corporate Story

Quote of the Day

" Do not settle for what you know, but rather strive for the unknown."

Corporate/Personality of the Day

Gurbaksh Chahal

Gurbaksh Chahal (born July 17, 1982) is the founder of several advertising companies.
Chahal was born in the town of Tarn Taran, near Amritsar in Punjab, India to Avtar and Arjinder Chahal. In 1985, his parents received a visa for America through a lottery-based system in India. He immigrated to the United States at the age of 4 with his family and settled in San Jose, California. Gurbaksh is the youngest of four siblings.[citation needed]
On December 15, 1998, at the age of 16, started his first venture ClickAgents. ClickAgents was an advertising network focused on performance-based advertising. Two years later, on November 1st 2000, ValueClick announced it agreed to buy ClickAgents in a $40 million all-stock merger. [1] Chahal had a three year non-compete agreement with ValueClick.
In January 12, 2004, Chahal formed BlueLithium another advertising network which was recognized as an innovator in the online advertising space in a Business 2.0 article. [2].
In 2006, under Chahal's leadership, BlueLithium was named Top Innovator by AlwaysOn. [3]
On October 15th, 2007 Yahoo! bought BlueLithium for $300 million in cash. Chahal remains CEO of the company through the transition period. [4] He has now created companies worth over $340 million by the age of 25. Chahal currently resides in the Bay Area.

For more, Visit: http://en.wikipedia.org/wiki/Gurbaksh_Chahal

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28 October 2007

Around the Blogs, Sites

Adani Power IPO : Adani Plans to Raise funds through IPO

Adani Group CFO, Mr.Ameet H Desai in an statement said that the company has sold close to 10% in Adani Power to Private Equity Firm 3i Group. They would even consider going for Adani Power IPO, if the company needs more money to invest in the company for the future growth plans they have set for the company.
3i Group is a leading Private Equity Firm, which will invest around 227 million US Dollars in Adani Power via 3i India Infra funds. After the sale of 10% stake to the 3i Group, Adani Enterprises stake in the Adani Power will come down to 90%.
Adani Power is presently developing a 2,640 MW coal power plant in Gujarat and the company has proposals to the install a 1300 Mw power generation plant in Maharasthra. Adani Power has set its target of 6000-7000 MW power Capacity in the coming four years.

Indian Stock Markets at Peak : Investors wealth crosses Rs 60 lakh crore

Mundra Port SEZ IPO : likely on 1st November

Indian IPO Grey Market Premiums

Emaar MGF IPO

Edelweiss Capital IPO Grading

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

Results on Monday, 29th October

Results Calender from Indiaearnings.Com

21st Cen Mgt 29-Oct-07

ABG Shipyard 29-Oct-07

Adani Enterpris 29-Oct-07

Aegis Logistics 29-Oct-07

Akruti Nirman 29-Oct-07

Apar Ind 29-Oct-07

Apcotex Ind 29-Oct-07

Apollo Sindhoor 29-Oct-07

Asian Granito I 29-Oct-07

Bank of India 29-Oct-07

Banswara Syntex 29-Oct-07

BHEL 29-Oct-07

Centurion Bank 29-Oct-07

Consolidated Co 29-Oct-07

Coral India Fin 29-Oct-07

Core Projects & 29-Oct-07

Cubex Tubings 29-Oct-07

Dhanalak Bnk 29-Oct-07

DIC India 29-Oct-07

Easun Reyrl 29-Oct-07

EID Parry 29-Oct-07

Electrosteel 29-Oct-07

ETP Corporation 29-Oct-07

FCS Software 29-Oct-07

FIEM Ind 29-Oct-07

First Leasing 29-Oct-07

Firstsource Sol 29-Oct-07

Fortis Health 29-Oct-07

Gallantt Metal 29-Oct-07

Genus Power 29-Oct-07

GMR Industries 29-Oct-07

Goldstone Tele 29-Oct-07

Graphite India 29-Oct-07

Guj Mineral 29-Oct-07

Gwalior Chem 29-Oct-07

Hanung Toys 29-Oct-07

HDFC 29-Oct-07

Hi-Tech Gears 29-Oct-07

Hinduja TMT 29-Oct-07

House of Pearl 29-Oct-07

HPCL 29-Oct-07

ICRA 29-Oct-07

Ind-Swift Labs 29-Oct-07

Indiabulls Real 29-Oct-07

Info Edge 29-Oct-07

IOB 29-Oct-07

Ipca Labs 29-Oct-07

ITI 29-Oct-07

JagranPrakashan 29-Oct-07

JaiprakashHydro 29-Oct-07

Jayant Agro-Org 29-Oct-07

Jaypee Hotels 29-Oct-07

Jenson Nicholso 29-Oct-07

Jet Airways 29-Oct-07

Jindal Steel 29-Oct-07

JM Financial 29-Oct-07

Kalpataru Power 29-Oct-07

Karur Vysya 29-Oct-07

Kaveri Seed Co 29-Oct-07

Kernex Micro 29-Oct-07

KJMC Fin Ser 29-Oct-07

KJMC Global 29-Oct-07

Krishna Eng 29-Oct-07

Lakshmi Machine 29-Oct-07

Lanco Industrie 29-Oct-07

Lloyds Finance 29-Oct-07

Lumax Auto 29-Oct-07

Madras Fert 29-Oct-07

Mah and Mah 29-Oct-07

Malu Paper 29-Oct-07

Manali Petro 29-Oct-07

Mangalam Drugs 29-Oct-07

Maruti Suzuki 29-Oct-07

Max India 29-Oct-07

McDowell Holdg 29-Oct-07

Midday Multi 29-Oct-07

Monsanto India 29-Oct-07

Mphasis 29-Oct-07

MRPL 29-Oct-07

Mukand 29-Oct-07

Nath Seeds 29-Oct-07

NCL Industries 29-Oct-07

Neocure Therap 29-Oct-07

Nirma 29-Oct-07

Nova Petrochem 29-Oct-07

Omax Autos 29-Oct-07

Oriental Bank 29-Oct-07

Oriental Trimex 29-Oct-07

Oudh Sugar Mill 29-Oct-07

Pearl Global 29-Oct-07

PNB 29-Oct-07

Ram Ratna Wires 29-Oct-07

Rane Holdings 29-Oct-07

RPG Cables 29-Oct-07

Ruby Mills 29-Oct-07

Samtel Color 29-Oct-07

Shakti Pumps 29-Oct-07

Shri Rama Multi 29-Oct-07

Sical Logistics 29-Oct-07

Silicon Valley 29-Oct-07

Simplex Infra 29-Oct-07

SMS Pharma 29-Oct-07

SMZS Chemicals 29-Oct-07

Sobha Developer 29-Oct-07

SREI Infra 29-Oct-07

Sterlite Ind 29-Oct-07

Sudarshan Cemen 29-Oct-07

Sundarmfin 29-Oct-07

Sundram 29-Oct-07

Sundrmbrak 29-Oct-07

Super Spinning 29-Oct-07

Suprajit Eng 29-Oct-07

Surana Ind 29-Oct-07

Surya Roshni 29-Oct-07

Suryajyoti Spg 29-Oct-07

Sutlej Textiles 29-Oct-07

Take Solutions 29-Oct-07

Tata Tea 29-Oct-07

Techno Electric 29-Oct-07

Thirumalai Chem 29-Oct-07

Time Techno 29-Oct-07

Titan Industrie 29-Oct-07

Torrent Power 29-Oct-07

Uniphos Enterpr 29-Oct-07

United Phos 29-Oct-07

Vardhman Text 29-Oct-07

VIP Industries 29-Oct-07

Vishal Retail 29-Oct-07

Voltamp Trans 29-Oct-07

VST 29-Oct-07

Zodiac Clothing 29-Oct-07

ET headlines

SBI Life ensures place among global top 5

SBI Life Insurance, where SBI holds 74%, has made history moving to the fifth slot among the global insurance companies listed by the Illinois-based Million Dollar Roundtable (MDRT), 2006, in terms of number of members. MDRT is an association of the world’s best life insurance sales (advisors) professionals. Founded in 1927, membership to the MDRT is calculated on the commission derived from the first year premium.

To make it to the club, the advisor needs to get a minimum commission of $69,000 or the minimum premium paid should be $132,000 in the said calendar year. SBI Life is the first Indian company to figure among the top 10 global insurance firms in terms of MDRT membership. The Indian entry comes within 10 years of the domestic insurance being opened to the private sector. The Indian company recorded the maximum rise in terms of first-time membership at 99.5%.

Korean insurer Samsung Life Insurance leads the table with 2,638 members. SBI Life Insurance at fifth spot has 801 MDRT members. LIC of India, India’s biggest insurer, is placed 21st with 345 MDRT members followed by Max New York Life at the 22nd spot with 345 MDRTians. Other prominent Indian players include Reliance Life Insurance (39th), MetLife India (68th) and ICICI Prudential (80th).

Profiles of ET award winners

Ambanis' feud takes them to Forbes list
UK emerges as major market for Indian films
Bajaj Auto to take all necessary steps to defend DTS-i patent
SBI plans to buy South African bank
Government to decide on SBI's rights issue in 2 weeks
IndusInd Bank likely to raise Rs 1,000 cr through equity

RIL eyes Arvind Mills' manufacturing facilities
ADAG floats cement arm to set up 4 plants
NIIT ties up with Adobe
ONGC Petro planning IPO offer: Report
Shaadi.com owner People Group mulls public listing
Powering the IPO-lineup of more than Rs 20,000 cr

Infosys restructures organisational structure
Corporation Bank net up 27% at Rs 161.3 crore
Sequoia picks up 20% in SAI for $12.5m
Bank of India to open 120 new branches

Reliance Money stokes price war in brokerage with free trading accounts
Lodha Group plans IPO, to dilute 10% stake

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Other Results

Prakash Industries reports income up by 40% to Rs 329.

Prakash Industries reports income up by 40% to Rs 329.76cr
2007-10-27 19:08:30
Email Print Version
Prakash Industries Ltd, a diversified business house with interests in mining , steel and power today announced its financial results for second quarter ended September 30, 2007.

Second Quarter Financial Performance Overview FY 2007-08:
During the quarter the company showed impressive results. The total income from operations has increased by 40.16%, to Rs 329.76crores as against Rs Rs235.27 crores reported in the corresponding period last year. EBIDTA increased by 41.79% and stood at Rs 67.59 crs in the second quarter of the current year as against Rs 47.67crs in the corresponding period last year. PAT is up by 74% at Rs 54.63 crs as against Rs31.34 crs in the corresponding period in the previous year. Earning per share (EPS) up by 74.23% at Rs 5.00 in the second quarter as compared to Rs 2.87

Great Offshore's PAT up by 28% to Rs 4961 lacs in
In line with the growth in the E&P sector, the Company has achieved a growth of 20% in income from Operations to Rs.15233 lacs in Q2 FY 2007-08 from Rs.12705 lacs in Q2 in FY 2006-07. Correspondingly, the PAT has gone up by 28% to Rs.4961 lacs in Q2 FY 2007-08 from Rs.3879 lacs in Q2 FY 2006-07.The Company has 40 vessels as on September 30, 2007 as against 36 vessels as on September 30, 2006.

Garware Offshore registers 427% growth in net profit
Highlights:
· Total Income for the quarter ended September 2007, stood at Rs. 44.07 crores
· Profit After Tax for the quarter ended September 2007, at Rs. 23.53 crores
· EPS for the quarter ending September 2007 increased by 398%
· Starts work in the spot market and was awarded contract on short term basis at a charter rate which is approx. 50% higher.

Granules India Q1FY08 Net Sales up 10% at Rs 50cr
Granules India Ltd., one of the world’s largest Pharmaceutical Formulation Intermediate (PFI) manufacturers, witnessed a rise in its net sales by 10 per cent to Rs. 50.03 crores for the Q1FY08 ended 30th September 2007 as compared to the corresponding period last year which was at Rs.45.38 crores. During the quarter, the company has improved its margins. PBT (Profit before tax) margins in absolute terms increased to Rs 2.76 crores compared to Rs 2.5 crores in the corresponding period of last year.

During the Q1FY08 ended 30th September 2007, the company has made a net profit of Rs. 2.02 crores as against Rs. 2.04 crores in the corresponding quarter of last year. The marginal decline is because of rupee appreciation and change in tax laws for EOU units.

IHCL Q2 revenues up by 14% PAT up by 16%
IHCL reported a turnover of Rs 366.61 crores for quarter-ended Setember 30,2007, which was higher than the turnover of the corresponding quarter of the preceding year by 14%. The turnover for the half year ended September 30,2007 at Rs 731.01 crores grew by 18% over the turnover reported for the corresponding period of the preceding year.

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Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

29 October 2007

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

India on Monday became the 20th nation in the world

Gainers at 20K.....

20K......20K......20K..........

Day's Quote/Corporate Story

28 October 2007

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