Gujarat NRE net up 3.63 times for Dec `07 qtr (Q3)
Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.
Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).
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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr
Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.
The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).
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GIC Housing Q3 net up 11.92%
GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.
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Binani Cement net up 12.70% for Dec `07 (QoQ)
Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.
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Kirloskar Brothers net drops 84.99% for Dec `07 qtr
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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST
Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.
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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr
Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.
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Zenith Computers net drops 95.66% in Dec`07 qtr
Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, Myiris.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.
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
19 January 2008
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank Q3 net up 35%; IPO of brokerage arm approved
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, myiris.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.
ICICI Bank, the country's biggest private lender on Saturday reported 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore compared to Rs 910 crore in the year-ago period. The bank clocked a total income of Rs 10,338 crore in the October-December quarter as compared to Rs 7,581 crore in the year-ago period, an increase of 36 per cent.
Meanwhile, the board of ICICI Securities approved the initial public offer and private placement of shares to one or more institutional investors.
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ICICI Bank net up 35.18% for Q3
ICICI Bank has announced its audited results for the quarter ended Dec. 31, 2007. The bank has registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago.The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period previous year.
The bank has also announced its un-audited consolidated results.
The bank has registered a growth of 26.69% in net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended December 31, 2007, as compared to Rs 105,963.10 million for the same period last year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday).
Source: Economic Times, myiris.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.
Weekly wrap up: Sensex registers 1,813.75 pts fall
Weekly wrap up: Sensex registers 1,813.75 pts fall
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: Myiris.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.
Technical outlook: Downtrend may continue further
Brokers` outlook: Temporary bounce back likely on Monday
India`s benchmark index, Sensex saw worst weekly loss since last 20 month, as overseas investors are pulling back funds from Indian as well as global markets on concern that the plans to revive the US economy worth USD 150 billion of Bush administration will be unable to prevent recession. Domestic investors also liquidated stocks to subscribe to the biggest initial public offering of Anil Ambani promoted Reliance Power, which was subscribed 73 times on closing, in anticipation of earning handsome gains. The broad based decline in the markets was led by tech, oil & gas, bank, realty and metal shares. The 30 share index lost 1,813.75 points, or 8.70%, to 19,013.70 in the week ended Jan. 18, 2008, whereas the broad based NSE Nifty fell 494.8 points, or 7.98%, to 5,705.30 in the same period.
Overseas investors were net buyers in equities worth Rs 40.65 billion in the period of January 14 to 17. As per the provisional figures, overseas investors sold net of Rs 21.47 billion worth equities on January 18.
Major corporate developmentsIndia`s largest private sector company Reliance Industries (RIL) announced 2.89 times rise in net profit after tax at Rs 80,790 million for the third quarter ended December 2007 as compared to Rs 27,990 million for the quarter ended December 2006. Total Income has increased 31.37% to Rs 348,310 million for the quarter ended December 2007 from Rs 265,140 million for the quarter ended December 2006.Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy on Thursday announced a 50% jump in net profit at Rs 3,016.00 million for the quarter ended December 2007 as compared to Rs 2,010.30 million for the quarter ended December 2006. Total Income has increased a meager 1.8% to Rs 18,534.10 million for the quarter ended December 2007 from Rs 18,204.30 million for the quarter ended December 2006. India`s largest pharmaceutical company, Ranbaxy Laboratories announced a substantial fall of 65.20% in earnings in the quarter ended Dec. 31, 2007, to Rs 484 million compared with Rs 1,390.70 million in the same quarter, last year. Net sales for the quarter rose marginally 1.24% to Rs 9,933.20 million, while the total income for the quarter climbed 8% to Rs 11,181.10 million, when compared with the corresponding quarter, a year ago.LIC Housing Finance, promoted by nation`s biggest insurer Life Insurance Corporation of India, announced a substantial rise of 38.39% in earnings in the quarter ended Dec. 31, 2007 to Rs 1,060.20 million compared with Rs 766.10 million in the prior year period. The total income for the quarter climbed 36.17% to Rs 5,516.20 million, when compared with the corresponding quarter, a year ago.IDBI announced a 38.69% jump in net profit at Rs 1,758.40 million for the quarter ended December 2007 as compared to Rs 1,267.90 million for the quarter ended December 2006. Total Income increased 31.62% to Rs 24,713.90 million for the quarter ended December 2007 from Rs 18,776.50 million for the quarter ended December 2006.Technology major, Wipro announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit to Rs 13,266.70 million for the quarter ended December 2007 from Rs 11,161 million in the same quarter, last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago.ITC posted a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million in the same quarter, last year.
New ListingShares of Porwal Auto Components (PACL), a leading manufacturer of automotive components, after listing on bourses, settled at 6.20% premium on the Bombay Stock Exchange (BSE). Shares opened at a premium of Rs 4.85, or 6.46%, at Rs 79.85 as compared with the issue price of Rs 75 a share. It finally closed with a premium of Rs 4.65, or 6.20%, at Rs 79.65.
Source: Myiris.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.
18 January 2008
ET Stories
http://economictimes.indiatimes.com/
Updated some news on 19.01.2008
Sensex down 687 points
MFs, Ulips can counter FII on D-St
Analysts' picks: ONGC, IDFC, Marico
L&T gets BHEL-II for power projects
Amtek Auto to supply engine parts for Tata Nano
R-Power IPO overbooked 72.7 times
Volatility charts reflect extended correction
Start-ups face bigger challenges scaling up
India conducive for building billion dollar company
ET Entrepreneurship Roundtable: Experts Speak
Edelweiss, Lehman invest Rs 400 cr in ECL Finance
Essar Ship likely to merge oilfield services arm
India to grow close to 9% in '07/08: FM
PM panel cuts growth projection to 8.9%
Annual inflation at 3.79 pc on Jan 5
NRI remittances touch new high at $10 bn
Analyst's Pick: ICICI Pru FMP Series, AIG Infra and Economic Reforms Fund & HDFC Infra Fund
Markets correction: Retail investors should not panic but take profits
PSU steel makers going global against all odds
Indian banks thrive abroad
Source: Economic Times. 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.
Updated some news on 19.01.2008
Sensex down 687 points
MFs, Ulips can counter FII on D-St
Analysts' picks: ONGC, IDFC, Marico
L&T gets BHEL-II for power projects
Amtek Auto to supply engine parts for Tata Nano
R-Power IPO overbooked 72.7 times
Volatility charts reflect extended correction
Start-ups face bigger challenges scaling up
India conducive for building billion dollar company
ET Entrepreneurship Roundtable: Experts Speak
Edelweiss, Lehman invest Rs 400 cr in ECL Finance
Essar Ship likely to merge oilfield services arm
India to grow close to 9% in '07/08: FM
PM panel cuts growth projection to 8.9%
Annual inflation at 3.79 pc on Jan 5
NRI remittances touch new high at $10 bn
Analyst's Pick: ICICI Pru FMP Series, AIG Infra and Economic Reforms Fund & HDFC Infra Fund
Markets correction: Retail investors should not panic but take profits
PSU steel makers going global against all odds
Indian banks thrive abroad
Source: Economic Times. 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.
Deadpresident Blog Updates
http://www.deadpresident.blogspot.com
Ranbaxy - Jan 18 2008
India Strategy - Jan 18 2008
The economic outlook: Bernanke
US housing and credit crisis worsens
Patel Engineering, Allahabad Bank, HCL Technologies, Orient Paper
Market hammered again
Post Session Commentary - Jan 18 2008
Another brutal day on Dalal Street
Next batch of Q3 results will dictate trend
Weekly Close - Sensex tumbles 1,814 points
Sensex sheds 687 points on sell-off in heavyweights
Central Bank, CCCL, Reliance Industries, HCL Technologies, Ranbaxy Labs, Godrej Consumer Products, HT Media
Cement Sector
Reliance Petroleum
Emaar MGF, Reliance Power, Future Capital Holdings
Source: Above blog. 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.
Ranbaxy - Jan 18 2008
India Strategy - Jan 18 2008
The economic outlook: Bernanke
US housing and credit crisis worsens
Patel Engineering, Allahabad Bank, HCL Technologies, Orient Paper
Market hammered again
Post Session Commentary - Jan 18 2008
Another brutal day on Dalal Street
Next batch of Q3 results will dictate trend
Weekly Close - Sensex tumbles 1,814 points
Sensex sheds 687 points on sell-off in heavyweights
Central Bank, CCCL, Reliance Industries, HCL Technologies, Ranbaxy Labs, Godrej Consumer Products, HT Media
Cement Sector
Reliance Petroleum
Emaar MGF, Reliance Power, Future Capital Holdings
Source: Above blog. 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.
Myiris Reuslt Updates: PFC, IFCI, Guj Alkalies, Pratibha Ind,BASF, FinTech, Anant Raj, Greaves Cotton, Country Club,JBF etc
PFC Q3 earning rise 37.75%; revenues climb 36.20%
Leading public sector lender to power industry, Power Finance Corporation (PFC) registered a substantial rise of 37.75% in earnings for the quarter ended Dec. 31, 2007, to Rs 3,204.90 million compared with Rs 2,326.58 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter stood at Rs 2.79. The total income for the quarter climbed 36.20% to Rs 12,997.92 million compared with the corresponding quarter, a year ago. The company earned Rs 12,921.37 million as interest during the quarter.
IFCI reports robust 2.46 times growth in Q3 earnings
Leading public lender to industries, IFCI reported a robust growth of 2.46 times in earnings in the quarter ended Dec. 31, 2007, to Rs 3,189.40 million compared with Rs 1,293.70 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 2.62 compared with Rs 1.99 in prior year period. Interest earned in the quarter jumped 58.82% to Rs 5,744 million, while the total income for the quarter surged 57.51% to Rs 5,789 million, when compared with the corresponding quarter, a year ago.
Gujarat Alkalies reports 37.88% rise in Q3 earnings
Gujarat Alkalies & Chemicals reported today a rise of 37.88% in earnings in the quarter ended Dec. 31, 2007, to Rs 721.40 million compared with Rs 523.20 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 9.82 compared with Rs 7.12 in prior year period. Substantial rise in other income together with lower interest charge helped the company to post higher earnings growth despite marginal rise in sales.Net sales for the quarter rose 5.37% to Rs 2,835.90 million, while the total income for the quarter climbed 8.60% to Rs 3,002.90 million, when compared with the corresponding quarter, a year ago.
BASF India Q3 net climbs 24.58%
BASF India, a subsidiary of Germany-based BASF (Q, N,C,F)* Aktiengesellschaft, registered a rise of 24.58% in earnings in the quarter ended Dec. 31, 2007, to Rs 110 million compared with Rs 88.30 million in the same quarter, last year. The earnings per share (EPS) for the quarter climbed 24.60% to Rs 3.90 compared with Rs 3.13 in prior year period.
Welspun India Q3 earnings drop 80.60%
Anant Raj Industries net rises 2.8 times in Dec`07 qtr
Anant Raj Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.87 times rise in profit to Rs 1,212.65 million from Rs 423.04 million in the quarter ended December 2006.Net sales for the quarter rose 2.52 times to Rs 1,827.49 million compared with Rs 725.48 million in the corresponding quarter, a year ago. Total income rose 157% to Rs 1,885.94 million for the quarter-ended December 2007 from Rs 733.82 million for the same period last year.
Greaves Cotton net dips 1.21% in Dec`07 qtr
Greaves Cotton reported a marginal drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 1.21% decline in profit to Rs 294.60 million from Rs 298.20 million in the quarter ended December 2006.Net sales for the quarter rose 5.85% to Rs 3,422.50 million compared with Rs 3,233.30 million in the corresponding quarter, a yera ago. Total income rose 5.59% to Rs 3,443.50 million for the quarter-ended December 2007 from Rs 3,261.20 million for the quarter ended Decemebr 2006.
NIIT Tech net drops 5.18% in Dec`07 qtr
Trent net drops 4.73% in Dec`07 qtr
Nicholas Piramal net climbs 70.48% in Dec`07 qtr
Kirloskar Oil Engines net drops 38.50% in Dec`07 qtr
Pratibha Industries net rises 69.11% in Dec`07 qtr
Pratibha Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 69.11% rise in profit to Rs 110.63 million from Rs 65.42 million in the quarter ended December 2006.Net sales for the quarter rose 81.25% to Rs 1,495.19 million compared with Rs 824.93 million in the corresponding quarter, a year ago. Total income rose 83.08% to Rs 1,510.29 million for the quarter-ended December 2007 from Rs 824.93 million for the same period, last year
HDFC net up 82.55% in Dec`07 qtr
Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal.
Interest income for the quarter rose 47.84% to Rs 21,503.50 million as against Rs 14,545.20 million for the same quarter, a year ago. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million for the corresponding quarter, last year.
ITC net profit up 16% in Q3 (Update)
ITC announced a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.The rise in profit is due to 96.9% jump in other income to Rs 1,374.00 million in the latest quarter from Rs 697.90 million, a year ago.The diluted earnings per share (EPS) of the company stood at Rs 2.20 for the quarter ended December 2007.
Bajaj Steel net rises 42.97% in Dec`07 qtr
Bajaj Steel Industries registered 42.97% rise in net profit to Rs 21.16 million for the quarter ended Dec. 31, 2007 as compared to Rs 14.80 million for the quarter ended Dec. 31, 2006.
Total Income rose 0.44% to Rs 581.67 million for the quarter ended Dec. 31, 2007 from Rs 579.12 million in the corresponding quarter, last year.
HCC net up 14% in Q3
Hindustan Construction Company (HCC) posted a 13.92% jump in net profit at Rs 250.50 million for the third quarter ended December 2007 as compared to Rs 219.90 million for the quarter ended December 2006. Total Income increased 40.87% to Rs 7,555.00 million for the quarter ended December 2007 from Rs 5,363.10 million, a year ago. The diluted earnings per share (EPS) of the company stood at Rs 0.81 for the quarter ended December 2007.
Country Club net climbs 76% in Q3
Country Club India posted a 76.30% jump in net profit at Rs 231.22 million for the quarter ended December 2007 as compared to Rs 131.15 million for the quarter ended December 2006. Total Income increased 2.21 times to Rs 1,036.71million for the quarter ended December 2007 from Rs 468.01 million, a year ago. The diluted earning sper share (EPS), after extraordinary items, of the company stood at Rs 20.10 for the quarter.
JBF Industries net up 29.78% for Dec`07 qtr
JBF Industries, a manufacturer of polyester chips and yarns, reported 29.78% increase in net profit at Rs 303.30 million for the quarter ended December 2007 as against Rs 233.70 million in the same quarter, last year. Net sales for the quarter rose 19.68% to Rs 4,962.80 million as compared to Rs 4,146.70 million in the corresponding quarter, a year ago.
Financial Technologies net zooms 15.23 times in Dec`07 qtr
Financial Technologies India posted 15.23 times jump in net profit to Rs 5,369.49 million for the quarter ended Dec. 31, 2007 as compared to Rs 352.67 million for the quarter ended Dec. 31, 2006. Total Income rose 12.65 times to Rs 7,191.75 million for the quarter ended Dec. 31, 2007 from Rs 568.52 million in the corresponding quarter, last year. Net sales for the quarter ended December 2007 rose 31.51% to Rs 393.76 million as against Rs 299.41 million for the quarter ended December 2006.
Wipro Q3 Cons. net up 11.5%, beats guidelines (Update)
Technology major, Wipro (Q, N,C,F)* announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.On a standalone basis, the company posted a 8.82% jump in net profit of Rs 8,041 million for the quarter ended December 2007 as compared to Rs 7,389 million for the quarter ended December 2006. Total Income has increased 21.32% to Rs 44,296 million for the quarter ended December 2007 from Rs 36,511 million a year ago.
NDTV net flat at Rs 70.70 mn for Dec`07 qtr
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Kirloskar Oil Q3 net profit at Rs 21.76 cr view table
18th-Jan-2008
Kirloskar Oil has declared its second quarter results. Its Q3 net sales stood at Rs 537 crore. Its Q3 net profit was at Rs 21.76 crore.
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Results Calender
Binani Cement 19-Jan-08
Brady and Morri 19-Jan-08
GIC Housing Fin 19-Jan-08
Guj NRE Coke 19-Jan-08
Hi-Tech Gears 19-Jan-08
ICICI Bank 19-Jan-08
Idea Cellular 19-Jan-08
Ipca Labs 19-Jan-08
Kewal Kiran 19-Jan-08
Kirloskar Bros 19-Jan-08
Prakash Ind 19-Jan-08
Ruchira Papers 19-Jan-08
Ruttonsha Int 19-Jan-08
Sagar Cement 19-Jan-08
Sandesh 19-Jan-08
Sasken Comm 19-Jan-08
Seshasayee Pape 19-Jan-08
Shiv Vani Oil 19-Jan-08
SPIC 19-Jan-08
Themis Medicare 19-Jan-08
UltraTechCement 19-Jan-08
Varun Industrie 19-Jan-08
WH Brady 19-Jan-08
Zenith Computer 19-Jan-08
Zenith Infotech 19-Jan-08
Source: Myiris, Indiaearnings. 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.
Leading public sector lender to power industry, Power Finance Corporation (PFC) registered a substantial rise of 37.75% in earnings for the quarter ended Dec. 31, 2007, to Rs 3,204.90 million compared with Rs 2,326.58 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter stood at Rs 2.79. The total income for the quarter climbed 36.20% to Rs 12,997.92 million compared with the corresponding quarter, a year ago. The company earned Rs 12,921.37 million as interest during the quarter.
IFCI reports robust 2.46 times growth in Q3 earnings
Leading public lender to industries, IFCI reported a robust growth of 2.46 times in earnings in the quarter ended Dec. 31, 2007, to Rs 3,189.40 million compared with Rs 1,293.70 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 2.62 compared with Rs 1.99 in prior year period. Interest earned in the quarter jumped 58.82% to Rs 5,744 million, while the total income for the quarter surged 57.51% to Rs 5,789 million, when compared with the corresponding quarter, a year ago.
Gujarat Alkalies reports 37.88% rise in Q3 earnings
Gujarat Alkalies & Chemicals reported today a rise of 37.88% in earnings in the quarter ended Dec. 31, 2007, to Rs 721.40 million compared with Rs 523.20 million in the same quarter, last year. The earnings per share (EPS) for the latest quarter climbed 31.66% to Rs 9.82 compared with Rs 7.12 in prior year period. Substantial rise in other income together with lower interest charge helped the company to post higher earnings growth despite marginal rise in sales.Net sales for the quarter rose 5.37% to Rs 2,835.90 million, while the total income for the quarter climbed 8.60% to Rs 3,002.90 million, when compared with the corresponding quarter, a year ago.
BASF India Q3 net climbs 24.58%
BASF India, a subsidiary of Germany-based BASF (Q, N,C,F)* Aktiengesellschaft, registered a rise of 24.58% in earnings in the quarter ended Dec. 31, 2007, to Rs 110 million compared with Rs 88.30 million in the same quarter, last year. The earnings per share (EPS) for the quarter climbed 24.60% to Rs 3.90 compared with Rs 3.13 in prior year period.
Welspun India Q3 earnings drop 80.60%
Anant Raj Industries net rises 2.8 times in Dec`07 qtr
Anant Raj Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.87 times rise in profit to Rs 1,212.65 million from Rs 423.04 million in the quarter ended December 2006.Net sales for the quarter rose 2.52 times to Rs 1,827.49 million compared with Rs 725.48 million in the corresponding quarter, a year ago. Total income rose 157% to Rs 1,885.94 million for the quarter-ended December 2007 from Rs 733.82 million for the same period last year.
Greaves Cotton net dips 1.21% in Dec`07 qtr
Greaves Cotton reported a marginal drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 1.21% decline in profit to Rs 294.60 million from Rs 298.20 million in the quarter ended December 2006.Net sales for the quarter rose 5.85% to Rs 3,422.50 million compared with Rs 3,233.30 million in the corresponding quarter, a yera ago. Total income rose 5.59% to Rs 3,443.50 million for the quarter-ended December 2007 from Rs 3,261.20 million for the quarter ended Decemebr 2006.
NIIT Tech net drops 5.18% in Dec`07 qtr
Trent net drops 4.73% in Dec`07 qtr
Nicholas Piramal net climbs 70.48% in Dec`07 qtr
Kirloskar Oil Engines net drops 38.50% in Dec`07 qtr
Pratibha Industries net rises 69.11% in Dec`07 qtr
Pratibha Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 69.11% rise in profit to Rs 110.63 million from Rs 65.42 million in the quarter ended December 2006.Net sales for the quarter rose 81.25% to Rs 1,495.19 million compared with Rs 824.93 million in the corresponding quarter, a year ago. Total income rose 83.08% to Rs 1,510.29 million for the quarter-ended December 2007 from Rs 824.93 million for the same period, last year
HDFC net up 82.55% in Dec`07 qtr
Housing Development Finance Corporation (HDFC), India`s leading mortgage finance company, registered a 82.55% growth in net profit to Rs 6,489.30 million for the quarter ended December 2007, as compared with Rs 3,554.90 million for the corresponding quarter, last fiscal.
Interest income for the quarter rose 47.84% to Rs 21,503.50 million as against Rs 14,545.20 million for the same quarter, a year ago. Total income for the quarter rose 47.74% to Rs 21,547.20 million, from Rs 14,584.50 million for the corresponding quarter, last year.
ITC net profit up 16% in Q3 (Update)
ITC announced a 15.80% jump in net profit after tax at Rs 8,307.20 million for the quarter ended December 2007 as compared to Rs 7,174.00 million for the quarter ended December 2006. Total Income has increased 11.13% to Rs 35,953.90 million for the quarter ended December 2007 from Rs 32,353.60 million for the quarter ended December 2006.The rise in profit is due to 96.9% jump in other income to Rs 1,374.00 million in the latest quarter from Rs 697.90 million, a year ago.The diluted earnings per share (EPS) of the company stood at Rs 2.20 for the quarter ended December 2007.
Bajaj Steel net rises 42.97% in Dec`07 qtr
Bajaj Steel Industries registered 42.97% rise in net profit to Rs 21.16 million for the quarter ended Dec. 31, 2007 as compared to Rs 14.80 million for the quarter ended Dec. 31, 2006.
Total Income rose 0.44% to Rs 581.67 million for the quarter ended Dec. 31, 2007 from Rs 579.12 million in the corresponding quarter, last year.
HCC net up 14% in Q3
Hindustan Construction Company (HCC) posted a 13.92% jump in net profit at Rs 250.50 million for the third quarter ended December 2007 as compared to Rs 219.90 million for the quarter ended December 2006. Total Income increased 40.87% to Rs 7,555.00 million for the quarter ended December 2007 from Rs 5,363.10 million, a year ago. The diluted earnings per share (EPS) of the company stood at Rs 0.81 for the quarter ended December 2007.
Country Club net climbs 76% in Q3
Country Club India posted a 76.30% jump in net profit at Rs 231.22 million for the quarter ended December 2007 as compared to Rs 131.15 million for the quarter ended December 2006. Total Income increased 2.21 times to Rs 1,036.71million for the quarter ended December 2007 from Rs 468.01 million, a year ago. The diluted earning sper share (EPS), after extraordinary items, of the company stood at Rs 20.10 for the quarter.
JBF Industries net up 29.78% for Dec`07 qtr
JBF Industries, a manufacturer of polyester chips and yarns, reported 29.78% increase in net profit at Rs 303.30 million for the quarter ended December 2007 as against Rs 233.70 million in the same quarter, last year. Net sales for the quarter rose 19.68% to Rs 4,962.80 million as compared to Rs 4,146.70 million in the corresponding quarter, a year ago.
Financial Technologies net zooms 15.23 times in Dec`07 qtr
Financial Technologies India posted 15.23 times jump in net profit to Rs 5,369.49 million for the quarter ended Dec. 31, 2007 as compared to Rs 352.67 million for the quarter ended Dec. 31, 2006. Total Income rose 12.65 times to Rs 7,191.75 million for the quarter ended Dec. 31, 2007 from Rs 568.52 million in the corresponding quarter, last year. Net sales for the quarter ended December 2007 rose 31.51% to Rs 393.76 million as against Rs 299.41 million for the quarter ended December 2006.
Wipro Q3 Cons. net up 11.5%, beats guidelines (Update)
Technology major, Wipro (Q, N,C,F)* announced a 11.58% rise in consolidated net profit at Rs 8,540 million for the quarter ended December 2007 as compared to Rs 7,654 million for the quarter ended December 2006. Total Income on a consolidated basis rose 33.98% to Rs 54,332 million for the quarter ended December 2007, from Rs 40,552 million for the quarter ended December 2006.On a standalone basis, the company posted a 8.82% jump in net profit of Rs 8,041 million for the quarter ended December 2007 as compared to Rs 7,389 million for the quarter ended December 2006. Total Income has increased 21.32% to Rs 44,296 million for the quarter ended December 2007 from Rs 36,511 million a year ago.
NDTV net flat at Rs 70.70 mn for Dec`07 qtr
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Kirloskar Oil Q3 net profit at Rs 21.76 cr view table
18th-Jan-2008
Kirloskar Oil has declared its second quarter results. Its Q3 net sales stood at Rs 537 crore. Its Q3 net profit was at Rs 21.76 crore.
--------------------------------------------------------
Results Calender
Binani Cement 19-Jan-08
Brady and Morri 19-Jan-08
GIC Housing Fin 19-Jan-08
Guj NRE Coke 19-Jan-08
Hi-Tech Gears 19-Jan-08
ICICI Bank 19-Jan-08
Idea Cellular 19-Jan-08
Ipca Labs 19-Jan-08
Kewal Kiran 19-Jan-08
Kirloskar Bros 19-Jan-08
Prakash Ind 19-Jan-08
Ruchira Papers 19-Jan-08
Ruttonsha Int 19-Jan-08
Sagar Cement 19-Jan-08
Sandesh 19-Jan-08
Sasken Comm 19-Jan-08
Seshasayee Pape 19-Jan-08
Shiv Vani Oil 19-Jan-08
SPIC 19-Jan-08
Themis Medicare 19-Jan-08
UltraTechCement 19-Jan-08
Varun Industrie 19-Jan-08
WH Brady 19-Jan-08
Zenith Computer 19-Jan-08
Zenith Infotech 19-Jan-08
Source: Myiris, Indiaearnings. 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.
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Myiris Reuslt Updates: PFC,
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ET Result Update: ITC, HDFC, Wipro, HCC, Titan, Orbit, Nicholas, BASF, Trent, NDTV etc
ITC Q3 net up 16% at Rs 830 crore 19 Jan, 2008, 0047 hrs ISTTobacco and hotels major ITC on Friday reported a 16% Y-o-Y growth in net profit for the third quarter (Q3) ended December ‘07 to Rs 830 crore.
HDFC net profit jumps 83% to Rs 648.9 cr in Q3 19 Jan, 2008, 0000 hrs ISTHDFC has reported a net profit of Rs 648.9 crore for the quarter ended Dec 2007, an increase of 83% over the net profit of Rs 355.5 cr last year. Global Indians
Wipro's Q3 net profit up 5.7% QoQ 18 Jan, 2008, 0852 hrs ISTWipro’s net profit for the quarter ended December 31, 2007 was Rs 804.10 crore, up 5.7 per cent from Rs 760.30 crore in the previous quarter.
HCC Q3 net profit up 14%
Titan Industries Oct-Dec net seen up 62% 18 Jan, 2008, 2046 hrs ISTTitan Industries Ltd is expected to report a net profit rise of 62 percent on growing sales as it increased its retail stores, analysts said.
NIIT Q3 net profit flat at Rs 35 crore19 Jan, 2008, 0300 hrs IST
NIIT Technologies reported a net profit of Rs 34.7 crore for the quarter ended December 2007, flat on a year-on-year basis and 1% up sequentially.
Nicholas Piramal’s 31% higher Q3 net profit trails expectations 19 Jan, 2008, 0253 hrs IST
Consolidated net sales increased 12.7% to Rs 732.3 crore year-on-year. Domestic branded formulations sales grew 15.6% to Rs 337.2 crore while the company’s custom manufacturing business witnessed a 7.2% growth to Rs 341 crore.
Welspun India net falls on rupee gain, plant shutdown 18 Jan, 2008, 1936 hrs IST
Welspun India Ltd said profit in the quarter ended Dec. 31 fell 81 percent because of an appreciating rupee and plant shutdown due to maintenance during the period.
Earnings: ITC, HDFC, NIIT Tech 18 Jan, 2008, 1838 hrs IST
Orbit Corp Q3 net profit up 958% QoQ 18 Jan, 2008, 1830 hrs IST
Orbit Corporation’s net profit rose 958.14 per cent to Rs 19.62 crore for the quarter ended Dec 31, 2007 compared with Rs 1.85 crore in the July-September period.
Trent Q3 net profit declines 4.73% 18 Jan, 2008, 1828 hrs IST
Trent’s 2007 October-December net profit fell 4.73 per cent to Rs 10.21 crore compared with Rs 10.71 crore in the same period of previous year.
BASF Q3 net profit up 24.58%18 Jan, 2008, 1820 hrs IST
BASF India has posted a growth of 24.58 per cent in net profit for the October-December quarter of 2007 to Rs 11 crore compared with Rs 8.83 crore for the same quarter previous year.
Sona Koyo Steering Q3 net profit up 10.41% 18 Jan, 2008, 1610 hrs IST
Sona Koyo Steering Systems’ October-December net profit rose 10.41 per cent to Rs 7.32 crore from Rs 6.63 crore in the same quarter of last year.
Vimta Labs Q3 net profit grows 53% 18 Jan, 2008, 1553 hrs IST
Vimta Laboratories’ October-December net profit rose 52.78 per cent to Rs 2.45 crore as compared with Rs 1.60 crore for the same quarter of pervious year. Net sales increased 36.56 per cent to Rs 20.62 crore for the quarter ended Dec 31, 2007 from Rs 15.10 crore in the same period of 2006.
New Delhi Television Oct-Dec net loss Rs 29.2 crore 18 Jan, 2008, 1026 hrs IST
New Delhi Television Ltd said it reported a consolidated net loss of Rs 29.21 crore for the quarter ending December due to expenses on personnel, marketing and production of new channels.
Source: Economic Times. 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.
HDFC net profit jumps 83% to Rs 648.9 cr in Q3 19 Jan, 2008, 0000 hrs ISTHDFC has reported a net profit of Rs 648.9 crore for the quarter ended Dec 2007, an increase of 83% over the net profit of Rs 355.5 cr last year. Global Indians
Wipro's Q3 net profit up 5.7% QoQ 18 Jan, 2008, 0852 hrs ISTWipro’s net profit for the quarter ended December 31, 2007 was Rs 804.10 crore, up 5.7 per cent from Rs 760.30 crore in the previous quarter.
HCC Q3 net profit up 14%
Titan Industries Oct-Dec net seen up 62% 18 Jan, 2008, 2046 hrs ISTTitan Industries Ltd is expected to report a net profit rise of 62 percent on growing sales as it increased its retail stores, analysts said.
NIIT Q3 net profit flat at Rs 35 crore19 Jan, 2008, 0300 hrs IST
NIIT Technologies reported a net profit of Rs 34.7 crore for the quarter ended December 2007, flat on a year-on-year basis and 1% up sequentially.
Nicholas Piramal’s 31% higher Q3 net profit trails expectations 19 Jan, 2008, 0253 hrs IST
Consolidated net sales increased 12.7% to Rs 732.3 crore year-on-year. Domestic branded formulations sales grew 15.6% to Rs 337.2 crore while the company’s custom manufacturing business witnessed a 7.2% growth to Rs 341 crore.
Welspun India net falls on rupee gain, plant shutdown 18 Jan, 2008, 1936 hrs IST
Welspun India Ltd said profit in the quarter ended Dec. 31 fell 81 percent because of an appreciating rupee and plant shutdown due to maintenance during the period.
Earnings: ITC, HDFC, NIIT Tech 18 Jan, 2008, 1838 hrs IST
Orbit Corp Q3 net profit up 958% QoQ 18 Jan, 2008, 1830 hrs IST
Orbit Corporation’s net profit rose 958.14 per cent to Rs 19.62 crore for the quarter ended Dec 31, 2007 compared with Rs 1.85 crore in the July-September period.
Trent Q3 net profit declines 4.73% 18 Jan, 2008, 1828 hrs IST
Trent’s 2007 October-December net profit fell 4.73 per cent to Rs 10.21 crore compared with Rs 10.71 crore in the same period of previous year.
BASF Q3 net profit up 24.58%18 Jan, 2008, 1820 hrs IST
BASF India has posted a growth of 24.58 per cent in net profit for the October-December quarter of 2007 to Rs 11 crore compared with Rs 8.83 crore for the same quarter previous year.
Sona Koyo Steering Q3 net profit up 10.41% 18 Jan, 2008, 1610 hrs IST
Sona Koyo Steering Systems’ October-December net profit rose 10.41 per cent to Rs 7.32 crore from Rs 6.63 crore in the same quarter of last year.
Vimta Labs Q3 net profit grows 53% 18 Jan, 2008, 1553 hrs IST
Vimta Laboratories’ October-December net profit rose 52.78 per cent to Rs 2.45 crore as compared with Rs 1.60 crore for the same quarter of pervious year. Net sales increased 36.56 per cent to Rs 20.62 crore for the quarter ended Dec 31, 2007 from Rs 15.10 crore in the same period of 2006.
New Delhi Television Oct-Dec net loss Rs 29.2 crore 18 Jan, 2008, 1026 hrs IST
New Delhi Television Ltd said it reported a consolidated net loss of Rs 29.21 crore for the quarter ending December due to expenses on personnel, marketing and production of new channels.
Source: Economic Times. 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.
R-Power IPO overbooked 72.7 times
R-Power IPO overbooked 72.7 times
RPL IPO subscribed 69 times
The Anil Ambani-owned Reliance Power created history on Friday when the company’s initial public offering (IPO) attracted cumulative bids worth, hold your breath, Rs 7,52,000 crore (around $180 billion). This is the highest-ever demand generated by any IPO so far in the country. The amount is equivalent to the aggregate market capitalisation of companies listed in Portugal and the Czech Republic markets taken together, according to Bloomberg.
According to bidding statistics available with the National Stock Exchange till 7 pm, investors bid for over 1,658 crore shares on on NSE and BSE, resulting in an oversubscription of 72.7 times. The QIB (qualified institutional buyers) portion was oversubscribed 70-80 times, while high net worth investors (HNIs) bid for shares over 200 times the size reserved for them.
The retail portion was subscribed 14-15 times, according to sources. Several banks subscribed to the offer. Public sector banks like Punjab National Bank, State Bank of India, Bank of India and Indian Overseas Bank put in bids worth Rs 1,500-2,000 crore, said the sources. Nearly 50 lakh applications were received in response to the mega offer.
The strong flow of applications continued unabated despite extremely bearish market on Friday. The index, in fact, has crashed nearly 2,000 points in the past four days on account of factors like weak global cues and diversion of liquidity to major IPOs like Reliance Power and Future Capital. R-Power had offered a total of 22.8 crore shares to the public through 100% book-building. The Rs 11,700-crore offer was fully subscribed in just a few minutes after it opened for subscription on Tuesday. The shares were offered in a price band of Rs 405-Rs 450.
Retail investors were, however, offered a discount of Rs 20 per share. R-Power is developing and building power projects locally and overseas. The company on its own and through subsidiaries is currently developing 13 medium- and large-sized power projects with a combined planned installed capacity of 28,200 mw.
Other IPO details:
Slide show: India's 10 largest IPOs
REC IPO likely in second week of February
Pipavav Shipyard to hit market with 8.68 cr share IPO
Why Power IPOs are exciting investors?
OnMobile Global IPO opens Jan 24; price band Rs 425-450/share
Wockhardt Hospitals fixes IPO price band Rs 280- 310 per share
Sea TV Network files IPO papers with SEBI
Reliance Power IPO generates demand worth Rs 2.05 trillion
Coal India may go public within 2 years
Why Power IPOs are exciting investors?
Future Capital sets IPO price at 765 rupees/share
Source: Economic Times, Rediff.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.
RPL IPO subscribed 69 times
The Anil Ambani-owned Reliance Power created history on Friday when the company’s initial public offering (IPO) attracted cumulative bids worth, hold your breath, Rs 7,52,000 crore (around $180 billion). This is the highest-ever demand generated by any IPO so far in the country. The amount is equivalent to the aggregate market capitalisation of companies listed in Portugal and the Czech Republic markets taken together, according to Bloomberg.
According to bidding statistics available with the National Stock Exchange till 7 pm, investors bid for over 1,658 crore shares on on NSE and BSE, resulting in an oversubscription of 72.7 times. The QIB (qualified institutional buyers) portion was oversubscribed 70-80 times, while high net worth investors (HNIs) bid for shares over 200 times the size reserved for them.
The retail portion was subscribed 14-15 times, according to sources. Several banks subscribed to the offer. Public sector banks like Punjab National Bank, State Bank of India, Bank of India and Indian Overseas Bank put in bids worth Rs 1,500-2,000 crore, said the sources. Nearly 50 lakh applications were received in response to the mega offer.
The strong flow of applications continued unabated despite extremely bearish market on Friday. The index, in fact, has crashed nearly 2,000 points in the past four days on account of factors like weak global cues and diversion of liquidity to major IPOs like Reliance Power and Future Capital. R-Power had offered a total of 22.8 crore shares to the public through 100% book-building. The Rs 11,700-crore offer was fully subscribed in just a few minutes after it opened for subscription on Tuesday. The shares were offered in a price band of Rs 405-Rs 450.
Retail investors were, however, offered a discount of Rs 20 per share. R-Power is developing and building power projects locally and overseas. The company on its own and through subsidiaries is currently developing 13 medium- and large-sized power projects with a combined planned installed capacity of 28,200 mw.
Other IPO details:
Slide show: India's 10 largest IPOs
REC IPO likely in second week of February
Pipavav Shipyard to hit market with 8.68 cr share IPO
Why Power IPOs are exciting investors?
OnMobile Global IPO opens Jan 24; price band Rs 425-450/share
Wockhardt Hospitals fixes IPO price band Rs 280- 310 per share
Sea TV Network files IPO papers with SEBI
Reliance Power IPO generates demand worth Rs 2.05 trillion
Coal India may go public within 2 years
Why Power IPOs are exciting investors?
Future Capital sets IPO price at 765 rupees/share
Source: Economic Times, Rediff.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.
Sensex down by 687 pts at close
Sensex down by 687 pts at close
Sensex tumbles on US worries
India Sensex Has Biggest Weekly Drop in
Realty, Oil & Gas, Bankex at the forefront
Wrap up: Sensex tanks 687.12 points
The benchmark BSE index, which hit a new high of 21,206.77 only a few sessions ago, in intra-day trades on 10 January 2008 to be precise, and had managed to post a modest gain of around 140 points for the week ended 11 January 2008, suffered hefty losses on all five sessions this week with weak global markets and a couple of big ticket IPOs driving the bulls out of the ring.
With the mood turning so bearish, not even some good results from India Inc proved strong enough motivation for the participants to go shopping for stocks. The Sensex, which had shed around 1125 points in four sessions till Thursday, lost a whopping 3.49% or 687.12 points today as it crashed to 19,013.70. In intra-day trades today, the Sensex hita high of 19,715.78 and a low of 18,930.42.
The Nifty, which recorded a new high at 6357.10 eight sessions back, posted a huge loss of 3.52% or 197.90 points as it settled at 5705.30, a few points off a low of 5677 it had touched in intra-day trades today.
Ranbaxy Laboratories stood tall amid the ruins. The pharma major, which shot up to a high of Rs 404.55 in intra-day trades, settled with a handsome gain of 5.1% at Rs 386.65. Cement stocks Grasim Industries (1.05%), Ambuja Cements (0.9%) and ACC (0.5%) remained positive right through the session. Bharti Airtel and Satyam Computer Services finished with minor gains.
For the second day running, index heavyweight Reliance Industries got a severe hammering. It ended with a big loss of 6.55% and contributed substantially to the barometer's sharp fall. Realty stock DLF closed with a sharp loss of 7.35%. NTPC ended 6.3% down at Rs 239.55.
Private sector bank stocks ICICI Bank and HDFC Bank lost 5.75% and 4.3% respectively. Reliance Energy, which had a bright spell this afternoon, turned easy during the closing minutes and settled with a loss a little over 4%.
Reliance Communications, Larsen & Toubro, Tata Steel, Tata Motors, ONGC, Mahindra & Mahindra, Cipla, Maruti Suzuki and Hindalco lost 3% - 4% today. State Bank of India and ITC lost more than 2%. Tata Consultancy Services and BHEL ended nearly 2% down at Rs 904.40 and Rs 2302.45 respectively.
Infosys Technologies ended with a loss of 1.75%. Hindustan Unilever (down 1.45%), Wipro (down 1.1%) and HDFC (down 1.05%) also closed with sharp losses. Bajaj Auto ended with a marginal loss.
Sterlite Industries, Cairn India, Idea Cellular, Reliance Petroleum, GAIL India, Suzlon Energy, Zee Entertainment, Nalco, Unitech, GlaxoSmithKline Pharma, Punjab National Bank, Siemens, VSNL, ABB and Tata Power all ended with big losses today. Hero Honda and BPCL lost nearly a per cent while HCL Technologies ended with a loss of around half a per cent.
Mid and smallcap stocks got mauled once again. Mirroring the heavy sell-off in these segments, the BSE Midcap and Smallcap indices crashed by 4.78% and 4.55% respectively
Among the sectoral indices, the Oil & Gas and Realty indices went down by 5.88% and 5.81% respectively. The Bankex tumbled by 5%. The PSU index, which has quite a number of bank stocks in its fold, dropped down by 4.7%. BSE Metal lost 4.89%. The Auto, Consumer Durables, Capital Goods and Power indices drifted down by 3% - 4%. The Healthcare and Teck indices eased by 2.43% and 2.18% respectively. The FMCG barometer lost 1.9% while the IT index settled lower by 1.63%.
The market breadth was very weak once again. Out of a total of 2890 stocks traded on BSE today, as many as 2505 stocks ended with losses. 362 stocks managed to post gains and 23 stocks ended unchanged from their previous closing levels.
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Source: Sify.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.
Sensex tumbles on US worries
India Sensex Has Biggest Weekly Drop in
Realty, Oil & Gas, Bankex at the forefront
Wrap up: Sensex tanks 687.12 points
The benchmark BSE index, which hit a new high of 21,206.77 only a few sessions ago, in intra-day trades on 10 January 2008 to be precise, and had managed to post a modest gain of around 140 points for the week ended 11 January 2008, suffered hefty losses on all five sessions this week with weak global markets and a couple of big ticket IPOs driving the bulls out of the ring.
With the mood turning so bearish, not even some good results from India Inc proved strong enough motivation for the participants to go shopping for stocks. The Sensex, which had shed around 1125 points in four sessions till Thursday, lost a whopping 3.49% or 687.12 points today as it crashed to 19,013.70. In intra-day trades today, the Sensex hita high of 19,715.78 and a low of 18,930.42.
The Nifty, which recorded a new high at 6357.10 eight sessions back, posted a huge loss of 3.52% or 197.90 points as it settled at 5705.30, a few points off a low of 5677 it had touched in intra-day trades today.
Ranbaxy Laboratories stood tall amid the ruins. The pharma major, which shot up to a high of Rs 404.55 in intra-day trades, settled with a handsome gain of 5.1% at Rs 386.65. Cement stocks Grasim Industries (1.05%), Ambuja Cements (0.9%) and ACC (0.5%) remained positive right through the session. Bharti Airtel and Satyam Computer Services finished with minor gains.
For the second day running, index heavyweight Reliance Industries got a severe hammering. It ended with a big loss of 6.55% and contributed substantially to the barometer's sharp fall. Realty stock DLF closed with a sharp loss of 7.35%. NTPC ended 6.3% down at Rs 239.55.
Private sector bank stocks ICICI Bank and HDFC Bank lost 5.75% and 4.3% respectively. Reliance Energy, which had a bright spell this afternoon, turned easy during the closing minutes and settled with a loss a little over 4%.
Reliance Communications, Larsen & Toubro, Tata Steel, Tata Motors, ONGC, Mahindra & Mahindra, Cipla, Maruti Suzuki and Hindalco lost 3% - 4% today. State Bank of India and ITC lost more than 2%. Tata Consultancy Services and BHEL ended nearly 2% down at Rs 904.40 and Rs 2302.45 respectively.
Infosys Technologies ended with a loss of 1.75%. Hindustan Unilever (down 1.45%), Wipro (down 1.1%) and HDFC (down 1.05%) also closed with sharp losses. Bajaj Auto ended with a marginal loss.
Sterlite Industries, Cairn India, Idea Cellular, Reliance Petroleum, GAIL India, Suzlon Energy, Zee Entertainment, Nalco, Unitech, GlaxoSmithKline Pharma, Punjab National Bank, Siemens, VSNL, ABB and Tata Power all ended with big losses today. Hero Honda and BPCL lost nearly a per cent while HCL Technologies ended with a loss of around half a per cent.
Mid and smallcap stocks got mauled once again. Mirroring the heavy sell-off in these segments, the BSE Midcap and Smallcap indices crashed by 4.78% and 4.55% respectively
Among the sectoral indices, the Oil & Gas and Realty indices went down by 5.88% and 5.81% respectively. The Bankex tumbled by 5%. The PSU index, which has quite a number of bank stocks in its fold, dropped down by 4.7%. BSE Metal lost 4.89%. The Auto, Consumer Durables, Capital Goods and Power indices drifted down by 3% - 4%. The Healthcare and Teck indices eased by 2.43% and 2.18% respectively. The FMCG barometer lost 1.9% while the IT index settled lower by 1.63%.
The market breadth was very weak once again. Out of a total of 2890 stocks traded on BSE today, as many as 2505 stocks ended with losses. 362 stocks managed to post gains and 23 stocks ended unchanged from their previous closing levels.
Other Sify stories:
TN to give a leg up to entrepreneurs
ITC Q3 net up 15.8%
HDFC Q3 net up 82.50%
Pipavav Shipyard to raise Rs 1249 cr in IPO
Wipro Q3 net up 11.6% at Rs 854 crore
BASF India Q3 net up 24.57% at Rs 11 cr
TiECON: TN to give a leg up to tech entrepreneurs
‘India can withstand impact of US rate cut’
Nano makes it to Time’s most important cars of all time
Source: Sify.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.
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Sensex down by 687 pts at close
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