Results: ONGC, Larsen Toubro, BOI, IOB,HDFCBk,Sun Pharma, Sterlite, Hindalco, Neyveli, Adani, Dabur, BPCL, DenaBk, KotakBk, Bhusan Steel, Rohit ferro

Oil & Natural Gas Corpn net profit rises 43.94% in the June 2008 quarter
Net profit of Oil & Natural Gas Corpn rose 43.94% to Rs 6636.33 crore in the quarter ended June 2008 as against Rs 4610.53 crore during the previous quarter ended June 2007. Sales rose 46.50% to Rs 20052.20 crore in the quarter ended June 2008 as against Rs 13687.70 crore during the previous quarter ended June 2007.

Larsen & Toubro net profit rises 33.33% in the June 2008 quarter
Net profit of Larsen & Toubro rose 33.33% to Rs 502.44 crore in the quarter ended June 2008 as against Rs 376.85 crore during the previous quarter ended June 2007. Sales rose 53.19% to Rs 6901.43 crore in the quarter ended June 2008 as against Rs 4505.21 crore during the previous quarter ended June 2007.


Sun Pharmaceuticals Industries net profit rises 24.58% in the June 2008 quarter
Net profit of Sun Pharmaceuticals Industries rose 24.58% to Rs 280.78 crore in the quarter ended June 2008 as against Rs 225.39 crore during the previous quarter ended June 2007. Sales rose 30.42% to Rs 899.98 crore in the quarter ended June 2008 as against Rs 690.05 crore during the previous quarter ended June 2007.

Sterlite Industries Q1 PAT Rs 1151 cr
(Cons and Standalone)
Sterlite Industries has announced its Q1FY09 results. The consolidated net profit was at Rs 1151 crore versus Rs 1143 crore.The consolidated net sales was at Rs 5,770 crore versus Rs 6,139.1 crore.
Net profit of Sterlite Industries (India) rose 77.67% to Rs 357.93 crore in the quarter ended June 2008 as against Rs 201.46 crore during the previous quarter ended June 2007. Sales declined 4.83% to Rs 2964.43 crore in the quarter ended June 2008 as against Rs 3115.00 crore during the previous quarter ended June 2007.

Hindalco Industries net profit rises 15.57% in the June 2008 quarter
Net profit of Hindalco Industries rose 15.57% to Rs 696.76 crore in the quarter ended June 2008 as against Rs 602.90 crore during the previous quarter ended June 2007. Sales declined 0.65% to Rs 4647.53 crore in the quarter ended June 2008 as against Rs 4677.90 crore during the previous quarter ended June 2007.

Sun TV Network net profit rises 10.18% in the June 2008 quarter
Net profit of Sun TV Network rose 10.18% to Rs 102.54 crore in the quarter ended June 2008 as against Rs 93.07 crore during the previous quarter ended June 2007. Sales rose 10.49% to Rs 223.57 crore in the quarter ended June 2008 as against Rs 202.34 crore during the previous quarter ended June 2007.

Bharat Petroleum Corporation reports net loss of Rs 1066.70 crore in the June 2008 quarter
Bharat Petroleum Corporation reported net loss of Rs 1066.70 crore in the quarter ended June 2008 as against net profit of Rs 192.70 crore during the previous quarter ended June 2007. Sales rose 63.48% to Rs 39022.00 crore in the quarter ended June 2008 as against Rs 23869.40 crore during the previous quarter ended June 2007

Neyveli Lignite Corporation net profit rises 1.59% in the June 2008 quarter
Net profit of Neyveli Lignite Corporation rose 1.59% to Rs 285.83 crore in the quarter ended June 2008 as against Rs 281.37 crore during the previous quarter ended June 2007. Sales rose 39.81% to Rs 1087.14 crore in the quarter ended June 2008 as against Rs 777.58 crore during the previous quarter ended June 2007.

Adani Enterprises net profit rises 47.41% in the June 2008 quarter
Net profit of Adani Enterprises rose 47.41% to Rs 66.97 crore in the quarter ended June 2008 as against Rs 45.43 crore during the previous quarter ended June 2007. Sales rose 23.39% to Rs 2394.80 crore in the quarter ended June 2008 as against Rs 1940.87 crore during the previous quarter ended June 2007.

Tata Tea net profit declines 8.54% in the June 2008 quarter
Net profit of Tata Tea declined 8.54% to Rs 37.71 crore in the quarter ended June 2008 as against Rs 41.23 crore during the previous quarter ended June 2007. Sales rose 12.24% to Rs 314.97 crore in the quarter ended June 2008 as against Rs 280.61 crore during the previous quarter ended June 2007.

Dabur India net profit rises 25.32% in the June 2008 quarter
Net profit of Dabur India rose 25.32% to Rs 70.14 crore in the quarter ended June 2008 as against Rs 55.97 crore during the previous quarter ended June 2007. Sales rose 12.79% to Rs 524.17 crore in the quarter ended June 2008 as against Rs 464.73 crore during the previous quarter ended June 2007.


ICSA (India) net profit rises 71.28% in the June 2008 quarter

Blue Star net profit rises 63.13% in the June 2008 quarter
Net profit of Blue Star rose 63.13% to Rs 36.41 crore in the quarter ended June 2008 as against Rs 22.32 crore during the previous quarter ended June 2007. Sales rose 36.48% to Rs 630.89 crore in the quarter ended June 2008 as against Rs 462.25 crore during the previous quarter ended June 2007.

Dena Bank net profit rises 22.89% in the June 2008 quarter
Net profit of Dena Bank rose 22.89% to Rs 68.30 crore in the quarter ended June 2008 as against Rs 55.58 crore during the previous quarter ended June 2007. Total operating income rose 22.35% to Rs 767.46 crore in the quarter ended June 2008 as against Rs 627.25 crore during the previous quarter ended June 2007

HDFC Bank net profit rises 44.55% in the June 2008 quarter
Net profit of HDFC Bank rose 44.55% to Rs 464.35 crore in the quarter ended June 2008 as against Rs 321.23 crore during the previous quarter ended June 2007. Total operating income rose 70.36% to Rs 3621.73 crore in the quarter ended June 2008 as against Rs 2125.88 crore during the previous quarter ended June 2007.

Glenmark Pharmaceuticals net profit rises 16.98% in the June 2008 quarter

Bhushan Steel net profit rises 35.19% in the June 2008 quarter
Net profit of Bhushan Steel rose 35.19% to Rs 132.68 crore in the quarter ended June 2008 as against Rs 98.14 crore during the previous quarter ended June 2007. Sales rose 40.70% to Rs 1319.79 crore in the quarter ended June 2008 as against Rs 938.03 crore during the previous quarter ended June 2007.

Bharati Shipyard net profit rises 33.51% in the June 2008 quarter
Net profit of Bharati Shipyard rose 33.51% to Rs 29.68 crore in the quarter ended June 2008 as against Rs 22.23 crore during the previous quarter ended June 2007. Sales rose 42.51% to Rs 222.32 crore in the quarter ended June 2008 as against Rs 156.00 crore during the previous quarter ended June 2007.

Bannari Amman Sugars net profit rises 167.02% in the June 2008 quarter
Net profit of Bannari Amman Sugars rose 167.02% to Rs 20.40 crore in the quarter ended June 2008 as against Rs 7.64 crore during the previous quarter ended June 2007. Sales rose 28.40% to Rs 176.88 crore in the quarter ended June 2008 as against Rs 137.76 crore during the previous quarter ended June 2007.

Monnet Ispat Energy net profit rises 52.74% in the June 2008 quarter
Net profit of Monnet Ispat Energy rose 52.74% to Rs 70.32 crore in the quarter ended June 2008 as against Rs 46.04 crore during the previous quarter ended June 2007. Sales rose 61.52% to Rs 378.81 crore in the quarter ended June 2008 as against Rs 234.53 crore during the previous quarter ended June 2007.

Rohit Ferro Tech net profit rises 428.45% in the June 2008 quarter
Net profit of Rohit Ferro Tech rose 428.45% to Rs 50.15 crore in the quarter ended June 2008 as against Rs 9.49 crore during the previous quarter ended June 2007. Sales rose 209.64% to Rs 309.67 crore in the quarter ended June 2008 as against Rs 100.01 crore during the previous quarter ended June 2007.

Bank of India net profit rises 78.28% in the June 2008 quarter
Net profit of Bank of India rose 78.28% to Rs 561.95 crore in the quarter ended June 2008 as against Rs 315.20 crore during the previous quarter ended June 2007. Total operating income rose 30.11% to Rs 3548.32 crore in the quarter ended June 2008 as against Rs 2727.26 crore during the previous quarter ended June 2007.

Indian Overseas Bank net profit declines 4.66% in the June 2008 quarter
Net profit of Indian Overseas Bank declined 4.66% to Rs 255.97 crore in the quarter ended June 2008 as against Rs 268.49 crore during the previous quarter ended June 2007. Total operating income rose 20.09% to Rs 2217.08 crore in the quarter ended June 2008 as against Rs 1846.20 crore during the previous quarter ended June 2007.

Glaxosmithkline Pharma net profit rises 19.11% in the June 2008 quarter

Kotak Mahindra Bank net profit rises 14.37% in the June 2008 quarter
Net profit of Kotak Mahindra Bank rose 14.37% to Rs 54.53 crore in the quarter ended June 2008 as against Rs 47.68 crore during the previous quarter ended June 2007. Total operating income rose 41.06% to Rs 712.46 crore in the quarter ended June 2008 as against Rs 505.09 crore during the previous quarter ended June 2007.


Cinemax India net profit rises 63.93% in the June 2008 quarter
IBN18 Broadcast reports net loss of Rs 9.46 crore in the June 2008 quarter
NEPC Textiles net profit declines 88.24% in the June 2008 quarter
Nirma net profit declines 3.92% in the June 2008 quarter
L T Overseas net profit rises 49.01% in the June 2008 quarter

Wockhardt net profit declines 66.21% in the June 2008 quarter
Jyoti Structures net profit rises 28.13% in the June 2008 quarter
Aarti Drugs net profit rises 59.80% in the June 2008 quarter
TVS Motor Company net profit declines 7.02% in the June 2008 quarter
Havells India net profit rises 28.89% in the June 2008 quarter

Raj Television Network net profit rises 7.90% in the June 2008 quarter
Hindustan Oil Exploration Company net profit rises 16.45% in the June 2008 quarter
Britannia Industries net profit rises 11.63% in the June 2008 quarter
Mahindra Lifespace Developers net profit declines 20.08% in the June 2008 quarter

Man Industries (India) net profit declines 16.31% in the June 2008 quarter
Saksoft net profit rises 16.24% in the June 2008 quarter
L G Balakrishnan & Bros net profit rises 84.35% in the June 2008 quarter
K S Oils net profit rises 73.74% in the June 2008 quarter
Man Aluminium net profit rises 11.76% in the June 2008 quarter

Graphite India net profit rises 1.58% in the June 2008 quarter
Dish TV India reports net loss of Rs 125.44 crore in the June 2008 quarter
Precision Wires India net profit rises 24.86% in the June 2008 quarter
Dewan Housing Finance Corporation net profit rises 38.53% in the June 2008 quarter
Insecticides India net profit rises 204.93% in the June 2008 quarter
R Systems International net profit rises 15.64% in the June 2008 quarter
JK Lakshmi Cement net profit declines 43.49% in the June 2008 quarter

Shasun Chemicals & Drugs reports net loss of Rs 8.62 crore in the June 2008 quarter
V-Guard Industries net profit rises 11.98% in the June 2008 quarter


Source: CM

RIL arm set to supply gas to 52 cities

RIL arm set to supply gas to 52 cities

RIL, which is set to become the single-largest gas producer in the country once its Krishna-Godavari gas hits full production, may also become the largest gas distributor soon with operations in 52 major cities. Reliance Gas Corporation (RGCL), a subsidiary of RIL, has emerged as the sole entity to submit expression of interest (EoI) for these cities.

The company would have an exclusivity over gas distribution in these cities for five years as per the gas distribution policy. RIL’s city-gas business is backed by its claim that the price of the piped gas it would supply would be cheaper by one-third (33%) the price of conventional cooking gas (liquefied petroleum gas) supplied in cylinders.

Responding to queries at the India Economic Summit 2006, RIL chairman & managing director Mukesh Ambani said: “Our gas would cost one-third less than that of LPG.” Consumers today enjoy a subsidy of more than Rs 300 per cylinder of cooking gas. Gail India, which has been the leading city gas distribution company, with operations in Mumbai and New Delhi, has taken a back seat with regard to EoIs for major cities. Gail is at a disadvantage vis-a-vis RIL as it has to depend on a third party for gas supplies.

RIL, on the other hand is vertically integrated and will source its gas from its own fields. RIL has said in its application that RGCL will source gas from its parent company RIL which has 35 exploration blocks.

Interestingly, RIL has successfully leveraged its tie-up with its competitor Gail for transportation of gas. “RIL has proposed to use Gail’s HBJ and DUPL pipelines for many cities where it plans to set up its city-gas business. But, Gail could not leverage the arrangement between the two parties for its projects,” a company official said.

On March 15, 2007, RIL signed an MoU with Gail for co-operation in the gas sector. Identified areas of joint co-operation has been natural gas pipeline transmission and marketing, CBM gas opportunities, city and local gas distribution, operations and maintenance (O&M) services, exploration, production and technology and knowledge sharing. Officials in Gail confirmed that they chose only seven cities in the first phase. Surprisingly, the petroleum ministry is understood to have permitted Gail to bid only for seven tier-II cities including Kota, Jhansi, Mathura, Sonipat and Dewas (where it is the single interested entity).

“While in theory, navratna companies are free to take business decisions, in practice they have to get formal or informal approval of the administrative ministry before making any major move,” CEO of a navratna company on condition of anonymity said. So far, the downstream regulator has received EoIs for 59 cities, with interests of RIL and Gail overlapping in only two cases — Ghaziabad and Gwalior. The list of 52 cities where RIL is the sole interested party includes Noida, Faridabad, Gurgaon, Navi Mumbai, Bangalore, Hyderabad, Pune, Chandigarh, Lucknow, Chennai, Amritsar, Ludhiana, Surat, Nasik, Agra, Jaipur and Coimbatore.

----------------------------------------------
Investors guide from ET

Market enters intermediate uptrend
Market shoots up amid potical melt down
The Right Equation
Nu Tek's primary offer looks attractive
Credit rating on BHEL, Larsen Toubro, Sasken tech, Sesa Goa, Aban offshore, Ultratech cement

Tamil Nadu newsprint & papers attractive long term investment
Join the glitterati
Investment environment in Asia vis-a-vis rest of world
Right time for investors to accumulate green stocks


Source:ET

Top Picks from Small,Mid,Large Cap stocks

Divis Laboratories :An established player in the generic active pharma ingredient (API) space and leader among Indian contract research and manufacturing services (CRAMS) players, the company has attained market leadership in several key products. It has 20 of the top 25 innovator companies as its client in CRAMS segment. It recently commissioned a nutraceutical facility for the $1 billion global market, which has high entry barrier in the form of complex chemistry skills.

Sun Pharma (): With strong earnings visibility and industry-leading earnings before interest, taxation, depreciation and amortisation (EBITDA) margins, Sun Pharmaceuticals has one of the best business models among the peers. The company's business in the US is also maturing, with windfall gains expected from 180 days exclusivities apart from a healthy product pipeline.

Aban Offshore (): The largest offshore rig operator in India, the company is ideally placed to capitalise on exploration and production (E&P ) boom. It renewed contracts with ONGC at a sizeable premium, boosting its top-line visibility. It will deliver four jack-up drilling rigs in FY09 and is set to expand its fleet to 21 vessels . The addition of drill ships will reduce dependence on jack-up rig operations and attract premium rates due to low availability.

Tata Steel (): It is the world's sixth largest steel company. In India, it has just raised its crude-steel capacity from 5 million tonnes per annum (tpa) to 6.8 million tpa, of which 60% is rolled into flat products and the rest sold as long products. It also sells ferro alloys, tubes, bearings and some mineral products. TSL India's raw material security and operating efficiencies put it among the lowest-cost producers globally. Its focus on high-value products and branding helps it earn high EBITDA margins of 40%. It should benefit from the likely rise in domestic prices in August this year.

Reliance Industries (): The company has interests in E&P , refining, petrochemicals, textiles, telecom, electricity, financial services and infrastructure. Its petrochemicals business is vertically integrated with an output of around 11 million tons. It also operates India's largest and most complex refinery with a capacity of 33 million tons. It is expected to start RPL and KG Basin production from Q3 FY09, which is expected to drive growth for the company. Also, it plans to invest $7.5 billion on semiconductor and polysilicon facilities at Jamnagar. Looking at higher crude prices and strong gross refining margin (GRM), this company has strong future prospects. (AMITABH CHAKRABORTY, president (equity), Religare Securities)

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GSK Consumer (): The company has a leadership position in the malted beverages space, strong set of core brands (Horlicks & Boost) and rich parentage (new launches from global portfolio). These are expected to help GSK sustain robust growth. Moreover, surplus cash and investments of Rs 400 crore coupled with attractive valuations make it one of the best value plays in the consumer domain.

PVR (): The company's superior management bandwidth , integrated business model and strong set of properties (in terms of location) make it the most preferred play in the movie exhibition space. Moreover, its entry into new allied businesses such as food courts and bowling alleys coupled with recent dilution in its movie production business is likely to lead to re-rating of the stock.

Bartronics India (): The company operates in the automatic identification and data capture (AIDC) solutions segment and is set to leverage the strong growth expected in the retail sector. It is the only smart cards manufacturer in India and this segment is expected to surge on strong demand from the telecom, banking and government sectors. In the wake of strong growth prospects of the company, the stock offers great value.

Jain Irrigation (): The company is a proxy play on the increasing government focus on agriculture and micro irrigation and the booming infrastructure in the country. It would also benefit from the acquisitions it made over the last couple of years, which will be in addition to the company's organic growth initiatives. Thus, the long-term prospects of the company are robust.

Piramal Healthcare (): The company is an early entrant into the CRAMS space. Over the last couple of years, it has consolidated its presence in the segment, which now contributes 50% of its overall revenues. Considering its robust pipeline, the company is expected to post robust growth in the years to come.
(HITESH AGRAWAL, head of research, Angel Broking)

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IPCA Laboratories (): The company's focus on branded formulations business and emerging economies is expected to be its key growth driver. New products launches in domestic and UK markets coupled with supplies to new emerging economies and US markets should lead to a compounded annual growth rate (CAGR) of 17% in revenues and 22% in profits over next two years. It is expected to clock an earning per share (EPS) of Rs 69.7 and Rs 82.6 for FY09 and FY10, respectively. Currently, the stock is trading at 7.5x FY09 and 6.2x FY10 earning estimates.

Numeric Power Systems (): The company, a leading manufacturer of uninterrupted power supply (UPS) systems and power conditioners in India, commands 60% share in IT and 82% share of the ATMs. The strong demand for company's products (India has peak power deficit of 16.6%), increased focus on high margin equipment servicing and significant international presence make NPSL a fast-growing multinational in the power management solutions. The stock is attractively valued at 6.5x FY09 EPS of Rs 94.2.

Indian Overseas Bank (): The company is a leading South Indiabased bank with a strong balance sheet. IOB has a healthy current and savings account (CASA) ratio of 33.5% and strong return ratios, with a return on assets (RoA) and return on earnings (RoE) of 1.3% and 28%, respectively. The net profit for FY09E and FY10E is expected to be Rs 12.42 billion and Rs 13.91 billion, respectively , resulting in an EPS of Rs 22.8 and Rs 25.5 for FY09E and FY10E, respectively.

LIC Housing Finance (): The company is expected to continue to benefit from the growing demand for housing. A lower mortgage/GDP ratio of 6% offers huge potential. The company expects 22% year-on-year (yoy) business growth to Rs 268 billion and 20% yoy growth in net profit to Rs 4.61 billion for FY09. Improving asset quality and strong return ratios augur well for LICHF.

Bharat Electronics (): The company is the premier defence contractor for the government. Over the years, the company has developed several competencies in the area of defence electronics. It is expected to benefit from the defence offset clause that the government mandates for import of defence equipment above Rs 3 billion. The order backlog is comfortable at Rs 94.5 billion and equivalent to over two years of FY08 revenues. The modernisation of the Indian defence sector is expected to throw significant opportunities for BEL.
(DIPEN SHAH, vice-president — private client group (PCG) research, Kotak Securities)








GlaxoSmithKline Q2 net at Rs 115 cr
Dewan Housing Q1 net jumps 38.57%
Hindalco net up 16 pc at Rs 696.76 cr
Dish TV Q1 net loss at Rs 125.4 cr
Blue Star Q1 net up 63 pc at Rs 36.41 cr
Neyveli Lignite Q1 net profit at Rs 286 cr
Sterlite Ind posts Rs 11.51 bn net profit


Dabur Q1 net rises 25 pc, to hike prices
ONGC Q1 net rises 44 pc, beats forecast
Havells India Q1 PAT jumps 28 per cent to Rs 41 crore
Dena Bank Q1 net up 22 pc at Rs 68 cr
Adani Enterprises Q1 net up 36% at Rs 93.57 crore
Kansai Nerolac net profit down by 7 per cent to Rs 30.19
JK Lakshmi Cement Q1 net dips 43 pc
Kotak Mahindra Bank stand-alone net profit up 14 pc

Reliance Infra in cooperation agreement with Shanghai Electric
Sunil Hitech bags Rs 650 cr orders
L&T order book at $13.3 bn at end June
N-deal spin-off - 100,000 new jobs, more research opportunities
Great Offshore bags Rs 234 cr contract from ONGC
Take Your Pick: Small-cap stocks
Take Your Pick: Large-cap stocks

Source:ET

Inflationary pressures may force rate hike

Inflationary pressures may force rate hike
RBI hints at rate hikes

Further rate hike seems imminent with RBI saying on Monday, a day ahead of its quarterly monetary review, that inflationary pressures are likely to continue for some time. The central bank fears the situation may worsen in case of a hike in global oil prices which as such have not been fully passed on to consumers in India. Expecting that global crude prices would remain high due to tight supply conditions, RBI said in first quarterly review of Macro Economic and Monetary Developments that "the pass-through in case of administered petroleum products is still incomplete". The Government on June 5 hiked the prices of petrol, diesel and cooking gas which had catapulted inflation to double-digit mark. The increase however did not fully cover the rising prices in global markets, RBI said.

The central bank also said inflationary pressures are likely to be there for some time. "As the potential inflationary pressures from international food and energy prices appear to have amplified and, by current indications, are likely to remain so for some time," it said. In Tokyo, Finance Secretary D Subbarao also said inflation may accelerate from a 13-year high and a further interest rate increase is an "obvious solution". Global investment banker Goldman Sachs expected RBI to increase short-term lending rate (repo) and mandatory deposit rates of banks with the central bank (CRR) by 25 basis points each tomorrow as inflation is much above the RBI's comfort zone. However, chambers and bankers called for maintaining a status quo in monetary policy of the RBI since it would harm the growth prospects.

Inflation reflects oil prices, demand: RBI
Foreign fund inflows has declined so far this fiscal: RBI
Assocham asks RBI to maintain status quo in monetary policy
IIP moderates in April-May period: RBI

Source:ET,UTVI

Stock analysis from BusinessLine

http://www.thehindubusinessline.com/iw/index.htm


STOCKS: Dr Reddy’s Laboratories: HoldInvestors may not initiate fresh purchases for now in the stock of Dr Reddy’s Laboratories, a frontline pharma major which derives one-third of revenues from branded formulations (finished dosages). ...

STOCKS: Axis Bank: BuyThe Axis Bank stock has outperformed its peers in the private sector with a 16.1 per cent gain in its price over the past one year, when other private bank stocks have failed to generate positive returns. A lower exposure to retail lending, ...

STOCKS: Transformers and Rectifiers: BuyInvestors with a long-term perspective can consider buying the stock of Transformers and Rectifiers (T&R). Robust growth in revenue backed by stable margins, healthy growth in order backlog and the likely commissioning of new capacities by ...

STOCKS: IVRCL Infrastructures: BuyInvestors with a 2-3 year perspective can consider buying into the stock of IVRCL Infrastructures and Projects (IVRCL). ...


TECHNICAL ANALYSIS:
MUTUAL FUNDS: Fund Update
STOCK MARKETS: Asia pins hope on oil downturn

DERIVATIVES MARKETS:
Nifty future likely to move in 4200-4500 range
DERIVATIVES MARKETS: Mildly bearish? How to profit from it

PEOPLE: Investment NuggetsKnown for his proficiency in emerging markets, Mark Mobius, Executive Chairman of Templeton, guides the judgment of many fund managers across globe. Joining Templeton in 1987 as president of the Templeton Emerging Markets ...

INSIGHT: Why the Sensex fall is overdone
MUTUAL FUNDS: Kotak 30: Invest
Birla Sun Life International Equity: Hold
IPOS: Nu Tek India – IPO: Invest at cut-off

TECHNICAL ANALYSIS:
Query Corner : What the charts say
Index Outlook
INSIGHT: Oil stocks are still slippery


Source: BLine

India's 10 best workplaces: Rediff

10 best workplaces in India
India's 10 best workplaces


There's never been a better time to work in India. Today, India offers such good opportunity and career prospects that many people stay back in India reversing the trend of going abroad in search of greener pastures.

As India becomes a much sought-after jobs destination, here's a look at the best places to work in India. In a survey conducted by 'Great Place to Work Institute' and The Economic Times, among the top 50 companies, IT and ITeS sectors dominate the best workplaces' list. The institute researched and promoted the concept of 'Great Places to Work' for over 25 years and is now present in 40 countries, including the United States and the United Kingdom.

The study uses an employee-centric methodology. Workplaces were ranked on a points scale based on both quantitative and qualitative data. Almost 66 per cent of the score is based on employee response and the rest on management survey. The 2008 study, spanning 6 months and 200 participating firms, surveyed 36,000 employees. Read on...

1. RMSI
2. Marriott Hotels India
3. Google India
4. Agilent Technologies
5. Classic Stripes Pvt Ltd
6. American Express India
7. Cadbury India Ltd
8. NTPC
9. Godrej Consumer Products
10. Hilti India

I have just listed names only.
Want to have more details about this???.Pls visit: India's 10 best workplaces

Source:Rediff

ICICI Bk net down 6% at Rs 728 cr, SBI Q1 net up 15.1%, beats forecast

ICICI Bank Q1 net down 6% at Rs 728 cr

ICICI Bank, the country's largest private sector lender, today reported a 6% decline in net profit in the April-June quarter at Rs 728.01 crore as against Rs 775.08 crore in the year-ago period.
"A sharp increase in interest rates and adverse market conditions during the quarter had a negative impact of Rs 594 crore on the bank's trading portfolio and Statutory Liquidity Ratio (SLR) and its treasury income in Q1 FY'09," the bank said in a filing with the BSE.

Total income rose marginally (1.6%) to Rs 9,429.98 crore in the quarter ended June 30, 2008 from Rs 9,281.42 crore in Q1FY08.Net interest income increased 41% to Rs 2,090 crore from Rs 1,479 crore in the same period of the previous fiscal.

During the quarter ended June 30, the bank, including its subsidiaries, had total assets worth Rs 4, 84, 643 crore.Savings account deposits increased 35% to Rs 43,465 crore at the end of June 30,2008 from Rs 32,121 crore in Q1FY08. Current and savings account (CASA) deposits constituted 27.6% of total deposits when compared with 22.4% at the end of June 30, 2007.

"As on July 21, 2008, the bank had 1,388 branches and extension counters and 4,233 ATMs," the release added.Consolidated advances of the bank, its overseas banking subsidiaries and ICICI Home Finance Company increased 20% to Rs 2,57,287 crore as on June 30, 2008 from Rs 2,15,293 crore at the end of June 30, 2007.

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SBI Q1 net at Rs 1,641 cr
SBI Q1 net up 15.1%, beats forecast

Country's largest public sector bank the State Bank of India recored a 15.1 percent jump in its net profits for the first quarter of the financial year 2009. The consolidated net profit of of the bank stood at Rs 1,640.92 crore for the quarter ended June 30, 2008 against Rs 1,861.66 crore in during the corrosponding quarter of the prevous year. The figures are not comparable as the bank had changed its accounting policies with effect March 31, 2008.

The bank's total revenue during the quarter were up 25.8 percent at Rs 23,747.43 crore from Rs 18,882.57 crore last year. Shares in State Bank shares fell 31 percent in the June quarter, faring worse than the 14 percent drop in the benchmark Sensex on the Bombay Stock Exchange and a 23 percent slump in the BSE Bankex.
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State Bank of India, India's largest bank, posted a 15.1 per cent rise in quarterly net profit on Saturday, beating forecasts, helped by its access to low-cost funds. The state-run bank, which raised $4.1 billion in a rights issue in March, said its net profit in April-June, its fiscal first quarter, rose to 16.41 billion rupees ($388 million) from 14.26 billion rupees reported a year earlier. A Reuters poll of analysts had forecast a 2.9 percent rise in March quarter earnings to 14.67 billion rupees

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Reliance Infrastructure net up 14% at Rs 253 crore

Reliance Infrastructure owned by billionaire Anil Ambani said fiscal first quarter profit rose 14 per cent helped by higher operational efficiencies in power generation and higher orders for equipment.

Net profit of the company rose to Rs 253 crore in the three months ended June 30 compared with Rs 222 crore in the corresponding period of previous year. Total income of the company grew 32 per cent to Rs 2,618 crore, against Rs1,984 crore in the corresponding quarter of previous year.

Aggregate sales of electrical energy increased marginally by 2 per cent to 2,539 million units during the the period. However, aggregate revenues from energy sales during the quarter increased by 37 per cent to Rs 1,764 crore (Rs 1,285 crore in the corresponding quarter of previous year).

"Our Dahanu power plant operated at over 100 per cent plant load factor(PLF) and this resulted in getting better incentives from the regulator. Further, our EPC business grew by over 320 per cent," said Lalit Jalan, chief executive of Reliance Infrastructure.

Maharashtra Electricity Regulatory Authority (MERC) offers incentives mainly for better PLF, station heat rate, oil consumption and other operational efficiencies, said sources. The Company’s Dahanu Thermal Power Station achieved a PLF of 103.2 per cent, generating 1,126 million units. Dahanu's PLF was also higher at 104.5 percent achieved during the corresponding quarter of previous year.

The turnover of the EPC division of the company increased to Rs 434 crore for the quarter against Rs 339 crore in the corresponding previous period. The division had an order book position of about Rs 21,044 crore as on June 30, 2008, as against Rs 5,035 crore in the corresponding quarter of previous year. Profits from EPC and contracts were Rs47.40 crore for the period, compared to Rs17.24 crore in the corresponding previous year. Currently Reliance Infrastructure is working on 6 projects and implementing over 3,500 MW of power projects.
This will ensure an additional accounting of an average Rs5000 crore every year to the revenues of the company, at least for the next 4-5 years.

He said the company was expected to grow at least 20 per cent year on year. "Once Reliance Power's power plants take off, that will ensure us a minimum 45 per cent growth, which will catapult Reliance Infrastrcture", said Jalan. Reliance Infrastrcture will be the EPC contractor for most of the 28,000 MW of power to be added by Reliance Power. Infrastructure business, another area of focus for company, is also expected to give good returns in future. The company is constructing five road projects in Tamil Nadu, two metro rail projects in Mumbai and Delhi and a business district in Hyderabad.

Other Income for the quarter under review was Rs 420 crore as against Rs 360 crore in the corresponding quarter of previous year. The Company's Earnings Before Interest, Depreciation and Tax (EBIDT) was Rs 396 crore (US$ 92 million) during the quarter, against Rs 398 crore in the corresponding quarter of previous year.
---------------------------------------------------------
Divi's Laboratories net profit rises 43.40% in the June 2008 quarter
Net profit of Divi's Laboratories rose 43.40% to Rs 96.48 crore in the quarter ended June 2008 as against Rs 67.28 crore during the previous quarter ended June 2007. Sales rose 16.66% to Rs 266.07 crore in the quarter ended June 2008 as against Rs 228.07 crore during the previous quarter ended June 2007

Motherson Sumi Systems net profit declines 57.66% in the June 2008 quarter
Net profit of Motherson Sumi Systems declined 57.66% to Rs 12.72 crore in the quarter ended June 2008 as against Rs 30.04 crore during the previous quarter ended June 2007. Sales rose 14.68% to Rs 346.38 crore in the quarter ended June 2008 as against Rs 302.04 crore during the previous quarter ended June 2007

Seshasayee Paper & Boards net profit declines 45.49% in the June 2008 quarter
Eicher Motors net profit declines 37.65% in the June 2008 quarter

Bombay Rayon Fashions net profit rises 58.41% in the June 2008 quarter
Net profit of Bombay Rayon Fashions rose 58.41% to Rs 34.93 crore in the quarter ended June 2008 as against Rs 22.05 crore during the previous quarter ended June 2007. Sales rose 36.68% to Rs 275.07 crore in the quarter ended June 2008 as against Rs 201.25 crore during the previous quarter ended June 2007

PTC India net profit rises 58.67% in the June 2008 quarter
Net profit of PTC India rose 58.67% to Rs 18.85 crore in the quarter ended June 2008 as against Rs 11.88 crore during the previous quarter ended June 2007. Sales rose 3.85% to Rs 1203.10 crore in the quarter ended June 2008 as against Rs 1158.55 crore during the previous quarter ended June 2007.

Dolphin Offshore Enterprises (India) net profit rises 241.70% in the June 2008 quarter
Elgi Equipments net profit rises 10.09% in the June 2008 quarter

UCO Bank net profit rises 0.43% in the June 2008 quarter
Net profit of UCO Bank rose 0.43% to Rs 133.44 crore in the quarter ended June 2008 as against Rs 132.87 crore during the previous quarter ended June 2007. Total operating income rose 20.36% to Rs 1837.45 crore in the quarter ended June 2008 as against Rs 1526.66 crore during the previous quarter ended June 2007.

Techno Electric & Engineering Company net profit rises 147.42% in the June 2008 quarter
Reliance Infrastructure net profit rises 13.98% in the June 2008 quarter
Dhanalakshmi Bank net profit rises 57.36% in the June 2008 quarter
ICICI Bank net profit declines 6.07% in the June 2008 quarter
State Bank of India net profit rises 15.08% in the June 2008 quarter

Vijaya Bank reports net loss of Rs 76.64 crore in the June 2008 quarter
Vijaya Bank reported net loss of Rs 76.64 crore in the quarter ended June 2008 as against net profit of Rs 111.35 crore during the previous quarter ended June 2007. Total operating income rose 32.37% to Rs 1188.96 crore in the quarter ended June 2008 as against Rs 898.23 crore during the previous quarter ended June 2007.

Take Solutions reports net profit of Rs 7.37 crore in the June 2008 quarter
JM Financial net profit rises 600.00% in the June 2008 quarter
Mangalore Chemicals & Fertilizers net profit declines 26.35% in the June 2008 quarter

Source: UTVi,CM,BS,ET

ET Top Stories:

ET Top stories

Sensex loses way in Asian meltdown
Anil Ambani becomes richer by Rs 27,000 cr after SP-UPA realignment
US stocks end higher
Oil falls below $123 as rally fizzles
HUL beats St, net up 13%
PSU initial offers may get delayed

R-Power to raise $4 bn through ECB
Tough time going for banks
Grasim net flat at Rs 671 crore
Pay income tax through any bank a/c
UTV Motion Pictures amongst US top 20 distributors

Reliance, Tata among 22 firms in race for CTL project
L&T in talks with global nuclear power companies for JV
Forex reserves plunge $1.4 billion to $307 billion
Indian CEOs see GDP growing by 7.6% in FY09: Survey
Bear market turns PE attractive, 150 deals likely in Q3
Job done, SP may give Manmohan company in govt

SOurce:ET

Results: HUL, ABB, MRPL, HCC, Indian Hotels, Exide, Indiabulls, Grasim, Ambuja Cements,Tata power, Jindal Steel, RNRL, Nag.Fert etc

Mangalore Refinery And Petrochemicals net profit rises 129.39% in the June 2008 quarter
Net profit of Mangalore Refinery And Petrochemicals rose 129.39% to Rs 845.40 crore in the quarter ended June 2008 as against Rs 368.55 crore during the previous quarter ended June 2007. Sales rose 44.10% to Rs 10662.46 crore in the quarter ended June 2008 as against Rs 7399.55 crore during the previous quarter ended June 2007.

Lakshmi Vilas Bank net profit declines 71.64% in the June 2008 quarter

J B Chemicals & Pharamaceuticals net profit rises 344.30% in the June 2008 quarter
Net profit of J B Chemicals & Pharamaceuticals rose 344.30% to Rs 13.64 crore in the quarter ended June 2008 as against Rs 3.07 crore during the previous quarter ended June 2007. Sales rose 30.88% to Rs 137.91 crore in the quarter ended June 2008 as against Rs 105.37 crore during the previous quarter ended June 2007.


Jindal Steel & Power net profit rises 60.85% in the June 2008 quarter
Net profit of Jindal Steel & Power rose 60.85% to Rs 402.30 crore in the quarter ended June 2008 as against Rs 250.11 crore during the previous quarter ended June 2007. Sales rose 54.96% to Rs 1895.31 crore in the quarter ended June 2008 as against Rs 1223.13 crore during the previous quarter ended June 2007

Sonata Software net profit rises 71.45% in the June 2008 quarter
Net profit of Sonata Software rose 71.45% to Rs 13.27 crore in the quarter ended June 2008 as against Rs 7.74 crore during the previous quarter ended June 2007. Sales rose 19.81% to Rs 55.35 crore in the quarter ended June 2008 as against Rs 46.20 crore during the previous quarter ended June 2007.

Gujarat State Petronet net profit rises 82.65% in the June 2008 quarter
Net profit of Gujarat State Petronet rose 82.65% to Rs 32.64 crore in the quarter ended June 2008 as against Rs 17.87 crore during the previous quarter ended June 2007. Sales rose 24.73% to Rs 119.49 crore in the quarter ended June 2008 as against Rs 95.80 crore during the previous quarter ended June 2007.

Indian Hotels Company net profit rises 11.89% in the June 2008 quarter
Net profit of Indian Hotels Company rose 11.89% to Rs 61.27 crore in the quarter ended June 2008 as against Rs 54.76 crore during the previous quarter ended June 2007. Sales rose 8.78% to Rs 376.91 crore in the quarter ended June 2008 as against Rs 346.50 crore during the previous quarter ended June 2007.

Andhra Bank net profit declines 44.99% in the June 2008 quarter
Net profit of Andhra Bank declined 44.99% to Rs 77.62 crore in the quarter ended June 2008 as against Rs 141.09 crore during the previous quarter ended June 2007. Total operating income rose 16.97% to Rs 1157.36 crore in the quarter ended June 2008 as against Rs 989.45 crore during the previous quarter ended June 2007

Hindustan Motors reports net loss of Rs 8.36 crore in the June 2008 quarter
Vipul net profit rises 11.13% in the June 2008 quarter
GRUH Finance net profit rises 54.37% in the June 2008 quarter
Hind Rectifiers net profit declines 10.80% in the June 2008 quarter



Emami net profit rises 12.94% in the June 2008 quarter
Net profit of Emami rose 12.94% to Rs 11.17 crore in the quarter ended June 2008 as against Rs 9.89 crore during the previous quarter ended June 2007. Sales rose 16.90% to Rs 122.79 crore in the quarter ended June 2008 as against Rs 105.04 crore during the previous quarter ended June 2007

Redington India net profit rises 26.75% in the June 2008 quarter
Net profit of Redington India rose 26.75% to Rs 15.07 crore in the quarter ended June 2008 as against Rs 11.89 crore during the previous quarter ended June 2007. Sales rose 15.03% to Rs 1490.87 crore in the quarter ended June 2008 as against Rs 1296.02 crore during the previous quarter ended June 2007.

Suven Life Sciences net profit declines 49.21% in the June 2008 quarter

SRF net profit declines 18.44% in the June 2008 quarter
Net profit of SRF declined 18.44% to Rs 45.69 crore in the quarter ended June 2008 as against Rs 56.02 crore during the previous quarter ended June 2007. Sales rose 16.31% to Rs 470.65 crore in the quarter ended June 2008 as against Rs 404.65 crore during the previous quarter ended June 2007.

M M Forgings net profit rises 25.95% in the June 2008 quarter

3i Infotech net profit rises 76.14% in the June 2008 quarter
Net profit of 3i Infotech rose 76.14% to Rs 37.73 crore in the quarter ended June 2008 as against Rs 21.42 crore during the previous quarter ended June 2007. Sales rose 15.20% to Rs 136.87 crore in the quarter ended June 2008 as against Rs 118.81 crore during the previous quarter ended June 2007.

Noida Toll Bridge Company net profit rises 11.76% in the June 2008 quarter
Net profit of Noida Toll Bridge Company rose 11.76% to Rs 7.32 crore in the quarter ended June 2008 as against Rs 6.55 crore during the previous quarter ended June 2007. Sales rose 34.98% to Rs 19.41 crore in the quarter ended June 2008 as against Rs 14.38 crore during the previous quarter ended June 2007.

India net profit declines 3.29% in the June 2008 quarter
Gujarat State Fertilizers & Chemicals net profit rises 30.93% in the June 2008 quarter
Amara Raja Batteries net profit declines 16.69% in the June 2008 quarter

Ambuja Cements net profit declines 32.51% in the June 2008 quarter
Net profit of Ambuja Cements declined 32.51% to Rs 577.02 crore in the quarter ended June 2008 as against Rs 855.01 crore during the previous quarter ended June 2007. Sales rose 8.20% to Rs 1569.77 crore in the quarter ended June 2008 as against Rs 1450.74 crore during the previous quarter ended June 2007.


Alphageo (India) net profit rises 397.55% in the June 2008 quarter
Net profit of Alphageo (India) rose 397.55% to Rs 12.19 crore in the quarter ended June 2008 as against Rs 2.45 crore during the previous quarter ended June 2007. Sales rose 118.10% to Rs 45.06 crore in the quarter ended June 2008 as against Rs 20.66 crore during the previous quarter ended June 2007.

CEAT reports net loss of Rs 10.67 crore in the June 2008 quarter

Karnataka Bank net profit declines 60.03% in the June 2008 quarter
Net profit of Karnataka Bank declined 60.03% to Rs 20.70 crore in the quarter ended June 2008 as against Rs 51.79 crore during the previous quarter ended June 2007. Total operating income rose 26.53% to Rs 457.90 crore in the quarter ended June 2008 as against Rs 361.89 crore during the previous quarter ended June 2007.


Reliance Natural Resources net profit rises 6.78% in the June 2008 quarter
Net profit of Reliance Natural Resources rose 6.78% to Rs 16.07 crore in the quarter ended June 2008 as against Rs 15.05 crore during the previous quarter ended June 2007. Sales rose 102.82% to Rs 53.97 crore in the quarter ended June 2008 as against Rs 26.61 crore during the previous quarter ended June 2007.


Nagarjuna Fertilizers & Chemicals net profit declines 1.54% in the June 2008 quarter
Net profit of Nagarjuna Fertilizers & Chemicals declined 1.54% to Rs 7.04 crore in the quarter ended June 2008 as against Rs 7.15 crore during the previous quarter ended June 2007. Sales rose 44.37% to Rs 433.55 crore in the quarter ended June 2008 as against Rs 300.30 crore during the previous quarter ended June 2007.

Dredging Corporation of India net profit declines 54.66% in the June 2008 quarter
Net profit of Dredging Corporation of India declined 54.66% to Rs 24.45 crore in the quarter ended June 2008 as against Rs 53.92 crore during the previous quarter ended June 2007. Sales rose 0.93% to Rs 196.00 crore in the quarter ended June 2008 as against Rs 194.20 crore during the previous quarter ended June 2007.


Nava Bharat Ventures net profit rises 118.92% in the June 2008 quarter
Net profit of Nava Bharat Ventures rose 118.92% to Rs 126.91 crore in the quarter ended June 2008 as against Rs 57.97 crore during the previous quarter ended June 2007. Sales rose 64.77% to Rs 290.48 crore in the quarter ended June 2008 as against Rs 176.29 crore during the previous quarter ended June 2007.

Engineers India net profit rises 32.99% in the June 2008 quarter
Net profit of Engineers India rose 32.99% to Rs 50.63 crore in the quarter ended June 2008 as against Rs 38.07 crore during the previous quarter ended June 2007. Sales rose 67.75% to Rs 252.44 crore in the quarter ended June 2008 as against Rs 150.49 crore during the previous quarter ended June 2007.

Hindustan Unilever net profit rises 13.20% in the June 2008 quarter
Net profit of Hindustan Unilever rose 13.20% to Rs 558.18 crore in the quarter ended June 2008 as against Rs 493.08 crore during the previous quarter ended June 2007. Sales rose 21.09% to Rs 4215.67 crore in the quarter ended June 2008 as against Rs 3481.40 crore during the previous quarter ended June 2007.

Varun Industries reports net profit of Rs 6.21 crore in the June 2008 quarter

IndusInd Bank net profit rises 44.48% in the June 2008 quarter
Net profit of IndusInd Bank rose 44.48% to Rs 19.10 crore in the quarter ended June 2008 as against Rs 13.22 crore during the previous quarter ended June 2007. Total operating income rose 22.31% to Rs 528.18 crore in the quarter ended June 2008 as against Rs 431.84 crore during the previous quarter ended June 2007.

Karur Vysya Bank net profit declines 36.31% in the June 2008 quarter
Net profit of Karur Vysya Bank declined 36.31% to Rs 30.54 crore in the quarter ended June 2008 as against Rs 47.95 crore during the previous quarter ended June 2007. Total operating income rose 27.91% to Rs 327.67 crore in the quarter ended June 2008 as against Rs 256.18 crore during the previous quarter ended June 2007.


Tata Power Company net profit rises 0.18% in the June 2008 quarter
Net profit of Tata Power Company rose 0.18% to Rs 190.55 crore in the quarter ended June 2008 as against Rs 190.20 crore during the previous quarter ended June 2007. Sales rose 34.05% to Rs 2026.13 crore in the quarter ended June 2008 as against Rs 1511.48 crore during the previous quarter ended June 2007


Whirlpool of India net profit rises 198.73% in the June 2008 quarter
Ipca Laboratories net profit declines 31.94% in the June 2008 quarter
Mukta Arts reports net loss of Rs 0.71 crore in the June 2008 quarter

Reliance Power reports net profit of Rs 59.71 crore in the June 2008 quarter
Reliance Power reported net profit of Rs 59.71 crore in the quarter ended June 2008. There were no sales reported in the quarter ended June 2008.

ABB net profit rises 21.42% in the June 2008 quarter
Net profit of ABB rose 21.42% to Rs 131.81 crore in the quarter ended June 2008 as against Rs 108.56 crore during the previous quarter ended June 2007. Sales rose 15.38% to Rs 1616.30 crore in the quarter ended June 2008 as against Rs 1400.88 crore during the previous quarter ended June 2007.

Godrej Consumer Products net profit declines 4.22% in the June 2008 quarter
Pratibha Industries net profit rises 93.82% in the June 2008 quarter
Net profit of Pratibha Industries rose 93.82% to Rs 11.61 crore in the quarter ended June 2008 as against Rs 5.99 crore during the previous quarter ended June 2007. Sales rose 169.67% to Rs 177.82 crore in the quarter ended June 2008 as against Rs 65.94 crore during the previous quarter ended June 2007.

Educomp Solutions net profit rises 180.90% in the June 2008 quarter
Net profit of Educomp Solutions rose 180.90% to Rs 16.77 crore in the quarter ended June 2008 as against Rs 5.97 crore during the previous quarter ended June 2007. Sales rose 152.40% to Rs 69.41 crore in the quarter ended June 2008 as against Rs 27.50 crore during the previous quarter ended June 2007


Union Bank of India net profit rises 1.42% in the June 2008 quarter
Net profit of Union Bank of India rose 1.42% to Rs 228.29 crore in the quarter ended June 2008 as against Rs 225.10 crore during the previous quarter ended June 2007. Total operating income rose 19.99% to Rs 2533.21 crore in the quarter ended June 2008 as against Rs 2111.15 crore during the previous quarter ended June 2007

Oriental Bank of Commerce net profit rises 58.44% in the June 2008 quarter
Net profit of Oriental Bank of Commerce rose 58.44% to Rs 220.52 crore in the quarter ended June 2008 as against Rs 139.18 crore during the previous quarter ended June 2007. Total operating income rose 27.35% to Rs 1953.72 crore in the quarter ended June 2008 as against Rs 1534.14 crore during the previous quarter ended June 2007.


eClerx Services net profit rises 56.05% in the June 2008 quarter
Net profit of eClerx Services rose 56.05% to Rs 15.87 crore in the quarter ended June 2008 as against Rs 10.17 crore during the previous quarter ended June 2007. Sales rose 62.37% to Rs 42.15 crore in the quarter ended June 2008 as against Rs 25.96 crore during the previous quarter ended June 2007.

Grasim Industries net profit rises 0.49% in the June 2008 quarter
Net profit of Grasim Industries rose 0.49% to Rs 514.19 crore in the quarter ended June 2008 as against Rs 511.66 crore during the previous quarter ended June 2007. Sales rose 6.44% to Rs 2592.33 crore in the quarter ended June 2008 as against Rs 2435.47 crore during the previous quarter ended June 2007.

Alstom Projects India net profit rises 4.57% in the June 2008 quarter
Net profit of Alstom Projects India rose 4.57% to Rs 18.30 crore in the quarter ended June 2008 as against Rs 17.50 crore during the previous quarter ended June 2007. Sales rose 51.06% to Rs 364.50 crore in the quarter ended June 2008 as against Rs 241.30 crore during the previous quarter ended June 2007.


Hindustan Construction Company net profit declines 11.84% in the June 2008 quarter
Net profit of Hindustan Construction Company declined 11.84% to Rs 30.84 crore in the quarter ended June 2008 as against Rs 34.98 crore during the previous quarter ended June 2007. Sales rose 18.77% to Rs 865.89 crore in the quarter ended June 2008 as against Rs 729.04 crore during the previous quarter ended June 2007



Gateway Distriparks net profit rises 17.06% in the June 2008 quarter
Net profit of Gateway Distriparks rose 17.06% to Rs 20.58 crore in the quarter ended June 2008 as against Rs 17.58 crore during the previous quarter ended June 2007. Sales rose 50.56% to Rs 47.08 crore in the quarter ended June 2008 as against Rs 31.27 crore during the previous quarter ended June 2007.

Indiabulls Securities net profit declines 15.68% in the June 2008 quarter
Net profit of Indiabulls Securities declined 15.68% to Rs 37.49 crore in the quarter ended June 2008 as against Rs 44.46 crore during the previous quarter ended June 2007. Sales rose 14.97% to Rs 121.31 crore in the quarter ended June 2008 as against Rs 105.51 crore during the previous quarter ended June 2007.

I-Flex Solutions net profit rises 58.38% in the June 2008 quarter
Net profit of I-Flex Solutions rose 58.38% to Rs 92.18 crore in the quarter ended June 2008 as against Rs 58.20 crore during the previous quarter ended June 2007. Sales rose 20.32% to Rs 462.80 crore in the quarter ended June 2008 as against Rs 384.64 crore during the previous quarter ended June 2007.


Emkay Global Financial Services net profit declines 83.61% in the June 2008 quarter
TTK Prestige net profit rises 19.16% in the June 2008 quarter
Wire & Wireless India reports net loss of Rs 19.74 crore in the June 2008 quarter

Indiabulls Financial Services net profit rises 102.84% in the June 2008 quarter
Net profit of Indiabulls Financial Services rose 102.84% to Rs 105.11 crore in the quarter ended June 2008 as against Rs 51.82 crore during the previous quarter ended June 2007. Sales rose 308.85% to Rs 464.66 crore in the quarter ended June 2008 as against Rs 113.65 crore during the previous quarter ended June 2007.

Exide Industries net profit rises 17.24% in the June 2008 quarter
Net profit of Exide Industries rose 17.24% to Rs 82.20 crore in the quarter ended June 2008 as against Rs 70.11 crore during the previous quarter ended June 2007. Sales rose 36.54% to Rs 906.53 crore in the quarter ended June 2008 as against Rs 663.92 crore during the previous quarter ended June 2007.


Source: CM