Times Group buys UK's Virgin Radio for Rs 448 cr
In its first-ever overseas acquisition in the media space, The Times Group has acquired Virgin Radio Holdings Ltd (http://en.wikipedia.org/wiki/Virgin_Radio) and its subsidiaries in the UK from SMG Plc for a consideration of £53.2 million (around Rs 448.4 crore). Virgin Radio, a music channel which operates under an FM licence in London and an AM licence in the rest of the UK, was acquired by TIML Golden Square Ltd, a wholly-owned subsidiary of Bennett Coleman & Company Ltd (BCCL), owners of leading media brands in India such as The Times of India and The Economic Times.
More @Times Group buys UK's Virgin Radio for Rs 448 cr
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Sterlite acquires Asarco for record $2.6 billion
Sterlite Industries (India) on Saturday announced the acquisition of Asarco Llc(http://en.wikipedia.org/wiki/Asarco) , a Tucson-based copper mining, smelting and refining company, for $2.6 billion in cash. This is the largest overseas purchase by an Indian company this year, overtaking Tata Motors’ acquisition of the marquee brands, Jaguar and Land Rover, from Ford for $2.3 billion. Post the deal, Sterlite will become the world’s third largest copper miner with a combined capacity of 650,000 tonnes a year. Sterlite Industries, a part of the Vedanta group, signed a definitive agreement with Asarco to this effect on Saturday morning. The transaction, expected to be funded by internal accruals and borrowing, is subject to US Bankruptcy Court approval. Sterlite expects to conclude the formalities by September-October.
More@Sterlite acquires Asarco for record $2.6 billion
Other News:
Deal or no deal, India Inc is in the news
5 Indians among seven outsourcing billionaires: Forbes
Source: www.Theeconomictimes.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.
01 June 2008
India GDP: 9 per cent in 2007-08..Cheers....
Robust agri growth pushes GDP to 9 per cent in 2007-08
Buoyancy in agriculture has pushed the economic growth to 9 per cent, up from 8.7 per cent estimated earlier, even as the performance of manufacturing sector deteriorated. "The upward revision in the GDP growth rate is mainly on account of the revision made in the estimated production of agricultural crops by the Department of Agriculture and Cooperation," the government said in revised estimates of GDP.
The agricultural and allied activities grew by 4.5 per cent, compared to earlier estimates of 2.6 per cent, while the manufacturing sector growth has been lowered to 8.8 per cent from 9.4 per cent. Going by the revised estimates, India's GDP growth stood at nine per cent in 2007-08, compared to 9.6 per cent registered in the previous fiscal.
GDP Growth Stories from other sources:
Source: www.Theeconomictimes.com http://www.moneycontrol.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.
23 May 2008
Sai72Stocks Vs Nifty,Sensex
Hi all... I am again here to provide Interesting articles in and around Market, Corporates, World Business and etc.
From the content of below article [ IIM-L 60 beats Nifty 50 gains ], I wish to create New portfolio of 72 Stocks in the Name of SAI72Stocks to check my ability in Portfolio Mgmt Services. I have created this portfolio by picking some stocks in Nifty, Sensex [as they have strong fundamentals] and other Midcap stocks. Lets us see how this portfolio performs Vs Sensex, Nifty.
I will compare my portfolio with Sensex, Nifty in a regular Intervals. I will give the returns of My portfolio in the coming weeks. I will publish the next return {Avg.Return}comparison on July 31, 2008 [ Nearly 70 days from 24.05.2008].
I have taken my portfolio points by averaging 72 stocks. I didn’t give any weightage to Stocks. And I have taken Stock values, Nifty, Sensex points as on 23.05.2008 to make my debut Vs Sensex, Nifty.
Hope all of you will have interest in this article/concept. Also listed my Stock portfolio.
From the content of below article [ IIM-L 60 beats Nifty 50 gains ], I wish to create New portfolio of 72 Stocks in the Name of SAI72Stocks to check my ability in Portfolio Mgmt Services. I have created this portfolio by picking some stocks in Nifty, Sensex [as they have strong fundamentals] and other Midcap stocks. Lets us see how this portfolio performs Vs Sensex, Nifty.
I will compare my portfolio with Sensex, Nifty in a regular Intervals. I will give the returns of My portfolio in the coming weeks. I will publish the next return {Avg.Return}comparison on July 31, 2008 [ Nearly 70 days from 24.05.2008].
I have taken my portfolio points by averaging 72 stocks. I didn’t give any weightage to Stocks. And I have taken Stock values, Nifty, Sensex points as on 23.05.2008 to make my debut Vs Sensex, Nifty.
Hope all of you will have interest in this article/concept. Also listed my Stock portfolio.
Date : As on 23.05.2008 Next comparison date: 31.07.2008 [ July 31,2008]
Points
Sensex 16649
Nifty 4946
Sai72Stocks 1565
Sl.No StockName Price[23.05.2008]
1 Axis Bank 799.85
2 ACC 667.45
3 Bharti Airtel 836.80
4 BHEL 1747.20
5 Bank of India 325.35
6 Bajaj Holdings 673.75
7 Cipla 203.50
8 Cairn India 306.15
9 Chennai Petro 341.40
10 Corporation Ban 344.25
11 DLF 609.75
12 Dr Reddys Labs 686.75
13 Essar Oil 246.80
14 Grasim 2289.00
15 GMR Infra 138.50
16 GE Shipping 499.20
17 HDFC 2678.30
18 HUL 235.75
19 HDFC Bank 1383.00
20 Hindalco 192.95
21 Hero Honda 797.50
22 HDIL 758.60
23 HT Media 136.45
24 ITC 213.60
25 ICICI Bank 863.75
26 Infosys 1826.40
27 Idea Cellular 107.10
28 India Cements 164.30
29 Indiabulls 413.50
30 IDFC 156.05
31 IOC 420.05
32 Jaiprakash Asso 237.65
33 Jindal Steel 2387.15
34 JSW Steel 1077.10
35 Jet Airways 526.65
36 Kotak Mahindra 700.85
37 Larsen 2844.75
38 Lupin Rs.683.80
39 Maruti Suzuki 789.60
40 NTPC 176.95
41 Nestle 1771.95
42 Neyveli Lignite 143.55
43 Nicholas Pirama 357.60
44 NALCO 534.45
45 ONGC 902.05
46 PNB 514.15
47 Power Grid Corp 100.40
48 Power Finance 143.05
49 Reliance 2554.80
50 Reliance Comm 572.30
51 Ranbaxy Labs 496.50
52 Reliance Infra 1290.40
53 Reliance Petro 184.05
54 Rajesh Exports 95.20
55 Rel Capital 1321.05
56 REC 115.00
57 SBI 1573.25
58 Suzlon Energy 296.90
59 Sun Pharma 1328.85
60 Sterlite Ind 903.75
61 SAIL 172.60
62 Sesa Goa 4065.85
63 Tata Steel 896.50
64 Tata Motors 637.55
65 Tata Power 1440.45
66 Titan Industrie 1200.70
67 Tata Chemicals 384.10
68 TV 18 328.30
69 Unitech 268.00
70 Videocon Indust 386.75
71 Voltas 158.10
72 Welspun Guj 377.00
Let us Start......................................
IIM-L 60 beats Nifty 50 gains
MUMBAI: They chose to bet their own money first. In their own small way, they played the risk-reward game at Dalal Street, but stopped just before greed got the better of them. Far from brokerages and fund houses of Mumbai, a few inexperienced students stepped into the shoes of fund managers to display good investment skills while pursuing their B-school programmes. IIM Lucknow students pooled in money to enter the market last July, stayed invested till January but managed to exit before it was too late. They claim the fund has managed to outperform the benchmark indices.
Last year some 60 students of the 2007-09 batch had decided to try their hands in the stock market. They thought it would be a great way to prepare themselves for a job two years later at a mutual fund, investment bank or a brokerage. Each of them chipped in anything between Rs 5,000 and Rs one lakh to set up a tiny fund. They called it Credence Capital. Launched in July ‘07, the fund took exposure to stocks as well as derivatives. It generated returns of 29% on equity and 81% on derivatives when it was liquidated in January ‘08, against a 19% gain in Nifty during the period, claim the self-styled fund managers.
For more Details: http://economictimes.indiatimes.com/Corporate_Trends/IIM-L_60_beats_Nifty_50_gains/articleshow/3064229.cms
Source: www.Theeconomictimes.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.
Last year some 60 students of the 2007-09 batch had decided to try their hands in the stock market. They thought it would be a great way to prepare themselves for a job two years later at a mutual fund, investment bank or a brokerage. Each of them chipped in anything between Rs 5,000 and Rs one lakh to set up a tiny fund. They called it Credence Capital. Launched in July ‘07, the fund took exposure to stocks as well as derivatives. It generated returns of 29% on equity and 81% on derivatives when it was liquidated in January ‘08, against a 19% gain in Nifty during the period, claim the self-styled fund managers.
For more Details: http://economictimes.indiatimes.com/Corporate_Trends/IIM-L_60_beats_Nifty_50_gains/articleshow/3064229.cms
Source: www.Theeconomictimes.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.
31 January 2008
Economic Times Stories
Separate exchange likely for SMEs in 2008: SEBI
India's fiscal deficit falls in Dec to $19.7 bn
Maruti helps Suzuki post better profit
US stocks fall amid economic worries
SEBI allows foreign funds to buy debt
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Tata Chemical acquires US co for $1 bn
India expects to add $100 bn to forex reserve in FY'08
Global economy faces high risks: Moody's
GDP records impressive growth of 9.6 per cent in 2006-07
Oil prices may remain volatile: UAE
Rupee flat on exporter dollar sales but Gold rises after Fed rate cut
Container Corp approves 1 for 1 bonus share issue
SEBI eases norms for listing of debt securities
Reliance Power premium takes a hit
Mkt fall: Many young investors lost money
Heard on the Street
GMDC hits upper circuit on strong results, bonus issue
Future Capital IPO on Feb 1
Emaar MGF cuts IPO price band to Rs 540-630 per share
Wockhardt Hospitals lowers its IPO price band to Rs 225-260
SEBI to make close-ended MF schemes attractive to investors
Credit Suisse to launch wealth management in India
LIC's Kozhikode division crosses target for 2007-08 in advance
Source: www.Theeconomictimes.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.
India's fiscal deficit falls in Dec to $19.7 bn
Maruti helps Suzuki post better profit
US stocks fall amid economic worries
SEBI allows foreign funds to buy debt
-------------------------------------------------------
Tata Chemical acquires US co for $1 bn
India expects to add $100 bn to forex reserve in FY'08
Global economy faces high risks: Moody's
GDP records impressive growth of 9.6 per cent in 2006-07
Oil prices may remain volatile: UAE
Rupee flat on exporter dollar sales but Gold rises after Fed rate cut
Container Corp approves 1 for 1 bonus share issue
SEBI eases norms for listing of debt securities
Reliance Power premium takes a hit
Mkt fall: Many young investors lost money
Heard on the Street
GMDC hits upper circuit on strong results, bonus issue
Future Capital IPO on Feb 1
Emaar MGF cuts IPO price band to Rs 540-630 per share
Wockhardt Hospitals lowers its IPO price band to Rs 225-260
SEBI to make close-ended MF schemes attractive to investors
Credit Suisse to launch wealth management in India
LIC's Kozhikode division crosses target for 2007-08 in advance
Source: www.Theeconomictimes.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.
Results: Tata Steel, Tata motors, ACC, Rcom, Unitech, MRF, LMW, IVRCL, IVR Prime, Omaxe, Siemens, Rolta, Punj, JKBk, IOC, etc
Tata Steel Q3 net profit up 0.45% YoY
Tata Steel’s net profit for October-December net profit rose 0.45 per cent to Rs 1068.58 crore against Rs 1063.75 crore during the same period of previous year. Total income increased 10.35 per cent to Rs 5,040.95 crore from Rs 4,568.20 crore a year ago. At 3:01, Tata Steel shares were down 0.19 per cent at Rs 722.10 on BSE.
Tata Steel profit remains flat in Dec`07 qtr
Tata Steel registered marginal rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 0.45% rise in profit to Rs 10,685.80 million from Rs 10,637.50 million in the quarter ended December 2006.
Net sales for the quarter rose 11.27% to Rs 49,739.20 million compared with Rs 44,699.80 million in the corresponding quarter, a year ago.
Total income rose 10.33% to Rs 50,409.50 million for the quarter ended December 2007 from Rs 45,687.20 million for the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 15.28 for the quarter ended December 2007.
Highlights of quarter
Tata Steel signed a memorandum of understanding (MoU) with Vietnam Steel Corporation for the proposed Cold Rolling Mill in Vietnam.Tata Steel and Riversdale Mining signed an agreement to establish a special purpose joint venture (JV) vehicle to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.
Tata Steel entered into a joint venture agreement with Al Bahja Group, a leading business house of Oman, for the development of the Uyun Limestone deposits at Salalah in the Sultanate of Oman.
Business Profile:
Tata Steel formerly Tata Iron and Steel Company, is India`s largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tons of hot and cold rolled flat and long products. Tata Steel (Q, N,C,F)* Group comprises of two entities, namely, Tata Steel (including Tata Steel Thailand and NatSteel Asia) and Corus Group.
Tata Steel`s operations are grouped under strategic profit centers like steel making, tubes, growth shop (for its steel plant and material handling equipment), bearings, ferro alloys and minerals, rings, agrico and wires.
Shares of the company declined Rs 4.4, or 0.61%, to trade at Rs 719.1. The total volume of shares traded was 237,646 at the BSE. (3.09 p.m., Thursday).
Unitech posts 39 pc rise in net profit at Rs 526 cr
Real estate firm Unitech on Thursday posted 39 per cent increase in consolidated net profit at Rs 525.78 crore for the quarter ended December 31, 2007, against Rs 377.84 crore for the corresponding period in the previous fiscal. Total income of the group during the quarter under review was Rs 1,165.11 crore, up 19 per cent from the corresponding period last year, the company said in a release. "Higher sales, better price realisation and strong project execution have resulted in a robust financial performance during the period. With many projects in the pipeline, we expect this strong performance to continue," Unitech Ltd Managing Director Sanjay Chandra said in the statement. For the nine-month period ended December 31, 2007, the consolidated total income of the group stood at Rs 3,129.04 crore and consolidated profit after tax was Rs 1,301.58 crore. During the quarter, Unitech made a foray into the Mumbai market by acquiring 50 per cent stake in a company executing a 97 acre slum rehabilitation project. The company also won a tender to develop a 1,750 acre township in Visakhapatnam. Besides, Unitech also bagged a tender to develop a 350 acre township in Hyderabad. On a standalone basis, Unitech posted 18.44 per cent decline in net profit at Rs 368.92 crore for the quarter ended on December 31, 2007, against Rs 452.38 crore for the same quarter in 2006. Net sales of the company dipped by 18.37 per cent to Rs 818.51 crore for quarter ended December 31, 2007, compared to Rs 1002.74 crore for the corresponding quarter last year, Unitech said in a filing to National Stock Exchange.
BPCL Q3 net profit falls 4% YoY
Tata Motors consolidated net rises 8.75% in Dec `07 qtr
Tata Motors Q3 net profit dips 3%
Tata Motors, on consolidated basis registered 8.75% rise of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 6,547.9 million as against Rs 6,020.70 million in the quarter ended December 2006.Total income rose 13.85% to Rs 93,246.90 million for the quarter ended December 2007 from Rs 81,896.60 million for the same period, last year.
Tata Motors, on standalone basis, registered a drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.75% drop in profit to Rs 4,990.50 million from Rs 5,131.70 million in the quarter ended December 2006.
Net sales for the quarter rose 4.24% to Rs 72,518.30 million compared with Rs 69,568.40 million in the corresponding quarter, a year ago.
Total income rose 5.34% to Rs 73,436.40 million for the quarter ended December 2007 from Rs 69,711.60 million for the same period last year.
The basic and diluted EPS after extraordinary item declined 12.01% to Rs 11.72 for the quarter ended December 2007 from Rs 13.32 for the same quarter last year.
RCom (consolidated) net rises 48.50% in Dec`07 qtr
Reliance Comm Q3 net up 49%, beats forecast
Reliance Communications, on consolidated basis, experienced a 48.50% rise in profit to Rs 13,728.30 million in quarter ended December 2007 from Rs 9,244.50 million in the quarter ended December 2006. Total income rose 29.80% to Rs 48,742 million for the quarter ended December 2007 from Rs 37,553 million for the same period, last year.Reliance Communications, on standalone basis, registered 43.39% drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 43.39% drop in profit to Rs 4,364.80 million from Rs 7,710.60 million in the quarter ended December 2006. Net sales for the quarter rose 11.83% to Rs 34,035.20 million compared with Rs 30,434.50 million in the corresponding quarter, a year ago.
Total income rose 12.03% to Rs 34,108.20 million for the quarter ended December 2007 from Rs 30,445.10 million for the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 2.02 for the quarter ended December 2007. Highlights of quarter:Reliance Communications received approval from the Federal Communications Commission (FCC) for the merger of U.S.-based Yipes Holdings, Inc. Reliance Communications (Q, N,C,F)* announced the USD 300 million acquisition of Yipes in July 2007.The allotment committee of the board of directors of the company has allotted 692,366 equity shares of Rs 5 each at a predetermined premium of Rs 475.68 a share on Dec. 29, 2007.The ministry of communications and IT government of India, made allotment of start up spectrum to the company for providing GSM services under the Unified Access Services Licenses (UASL). The allotment of spectrum is in addition to the company`s existing CDMA services. As a result, the company will, in due course, offer nation wide GSM services in addition to its existing CDMA services.
MRF Q3 net profit up 51% YoY
MRF’s net profit rose 78.69 per cent to Rs 51.75 crore for the October-December quarter against Rs 28.96 crore in the same quarter of previous year. Net sales increased 9.23 per cent to Rs 1,155.57 crore from Rs 1,057.83 crore a year ago.
United Phosphorous Q3 net profit falls 85% YoY
Lakshmi Machine Works Q3 net profit grows 30% YoY
Lakshmi Machine Works’ net profit rose 30.88 per cent to Rs 584.48 crore for October-December quarter against Rs 446.59 crore in the same quarter of previous year. Net sales increased to Rs 4,654.34 crore for the quarter ended Dec 31, 2007 from Rs 5,352.07 crore in the corresponding quarter of previous year.
National Fertilizers Q3 net profit up 28% YoY
National Fertilizers' net profit for the quarter ended Dec 31, 2007 rose 28.43 per cent to Rs 47.03 crore against Rs 36.62 crore in the same quarter of previous year.
Maharashtra Seamless Q3 net profit falls 14% YoY
Maharashtra Seamless’ net profit fell 14.76 per cent to Rs 51.16 crore for the quarter ended Dec 31, 2007 compared with Rs 60.02 crore for the corresponding quarter ended December 2006. Total income increased 10.86 per cent to Rs 388.55 crore from Rs 350.48 croe a year ago.
Puravankara Projects Q3 net profit jumps 152% YoY
Puravankara Projects’ net profit for the quarter ended Dec 31, 2007 rose 152.38 per cent to Rs 56.50 crore against Rs 22.38 crore for the corresponding quarter ended December 2006. Total revenue increased 78.46 per cent to Rs 150.53 crore for the October-December from Rs 84.35 crore for same period of pervious year. The group’s net profit grew 121.95 per cent to Rs 63.11 crore for the quarter compared with Rs 28.43 crore for the same period of earlier year. Total revenues increased 78.46 per cent to Rs 150.53 crore from Rs 84.35 crore a year ago.
Birla Corp Q3 net profit up 11% YoY
Birla Corporation’s net profit rose 11.84 per cent to Rs 106.40 crore for the quarter ended Dec 31, 2007 compared with Rs 95.14 crore the corresponding quarter ended December 2006. Total income increased 6.68 per cent to Rs 442.51 crore for October-December quarter from Rs 414.81 crore during the same period of previous year.
Finolex Cables Q3 net profit jumps 26% YoY
Finolex Cables’ October-December net profit rose 26.15 per cent to Rs 20.31 crore against Rs 16.1 crore in the same quarter of previous year. Total income increased 31.08 per cent to Rs 333.53 crore for the quarter ended Dec 31, 2007 from Rs 254.45 crore for the corresponding quarter ended December 2006.
Torrent Pharma Q3 net profit jumps 130% YoY
Torrent Pharmaceuticals’ net profit rose 130.27 per cent to Rs 54.16 crore for the quarter ended Dec 31, 2007 against with Rs 23.52 crore in the same quarter of previous year. Total income increased 20.35 per cent to Rs 263.26 crore from Rs 218.74 crore a year ago. The group’s net profit grew 45.30 per cent to Rs 37.27 crore for the October-December quarter compared with Rs 25.65 crore in corresponding quarter of earlier year. Total income improved by 2.84 per cent to Rs 348.44 crore for the quarter from Rs 338.82 crore during the same period of earlier year.
Siemens Q3 net profit jumps 100% YoY
Siemens’ net profit for the quarter ended Dec 31, 2007 rose 100.93 per cent to Rs 197.05 crore against Rs 98.07 crore in the same quarter of previous year. Total income increased 16.55 per cent to Rs 1,921.03 crore for the October-December quarter from Rs 1648.25 crore for the corresponding quarter of earlier year. The company has sold information and communication segment to Siemens Enterprise Communication, Germany in Aug 1, 2007 and building technologies segment to Siemens Building Technologies (formerly known as iMetrex Technologies) on Oct 1, 2007 respectively. It also sold an automotive segment to Siemens VDO Auto Components from Dec 01, 2007. The above divisions constitute separate reporting segments as disclosed in the segment wise report. Consequently the figures for the quarter ended Dec 31, 2007 are not strictly comparable with the figures of the quarter ended Dec 31, 2006.
Omaxe Q3 net at Rs 154.157 cr
Omaxe Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a profit after tax of Rs 123.09 crore for the quarter ended December 31, 2007. Total revenue is Rs 576.84 crore for the quarter ended December 31, 2007.
The consolidated results are as follows:
The group has posted a profit after tax of Rs 154.15 crore for the quarter ended December 31, 2007. Total revenue is Rs 678.21 crore for the quarter ended December 31, 2007.
ACC Q3 net up 15.14% at Rs 1427.34 cr
The company has posted a net profit of Rs 1438.59 crore for the year ended December 31, 2007 as compared to Rs 1231.84 crore for the year ended December 31, 2006. Total Income has increased from Rs 5945.13 crore for the year ended December 31, 2006 to Rs 7135.97 crore for the year ended December 31, 2007.
The audited consolidated results for the year ended December 31, 2007:
The group has posted a net profit of Rs 1427.34 crore for the year ended December 31, 2007 as compared to Rs 1239.60 crore for the year ended December 31, 2006. Total Income has increased from Rs 5984.56 crore for the year ended December 31, 2006 to Rs 7189.43 crore for the year ended December 31, 2007.
Hero Honda Q3 net up 32%
Top motorcycle maker, Hero Honda Motors Ltd, said on Thursday quarterly profit rose 32 per cent, as its higher-margin bikes helped offset firm interest rates in the world's biggest market after China. Hero Honda, in which India's Hero Group and Japan's Honda Motor Co each hold 26 per cent, has about half the market, which is expanding quickly on the back of rising incomes. Truck maker Daimler recently formed a venture with the Hero Group for a range of commercial vehicles in India. New Delhi-based Hero Honda said net profit rose to Rs 275 crore ($70 million) in the fiscal third quarter to end-December from Rs 209 crore reported a year earlier.
Net sales rose 3 per cent to Rs 2743 crore. The result beat a Reuters poll forecast of net profit of Rs 222 crore on net sales of Rs 2703 crore.
Moser Baer Oct-Dec net profit seen up 6.4 per cent
Alok Industries net rises 31.67% in Dec `07 qtr
Alok Industries disclosed a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 31.67% rise in profit to Rs 488 million from Rs 370.60 million in the quarter ended December 2006.Net sales for the quarter rose 14.76% to Rs 5507.80 million compared with Rs 4,799.20 million in the corresponding quarter, a year ago. Total income rose 15.83% to Rs 5,596.50 million for the quarter ended December 2007 from Rs 4,831.50 million for the same period last year.
GAIL net down 6.63% in Dec`07 qtr
G A I L (India) registered a 6.63% fall in net profit to Rs 6,213.20 million for the quarter ended December 2007 as compared with Rs 6,654.60 million for the corresponding quarter last fiscal.Net sales for the quarter fell 1.82% to Rs 42,983.30 million as against Rs 43,783.70 million for the same quarter a year ago.
Total income for the quarter dipped 15.26% to Rs 44,831.50 million from Rs 52,908.50 million for the corresponding quarter last year.
Pyramid Saimira Q3 topline at Rs 2.31 bn
Pyramid Saimira Theatre, the holding company of Pyramid Saimira (Q, N,C,F)* Group, Asia`s largest and world`s 3rd largest theatre chain company, registered a turnover of Rs 2,310 million, for the third quarter ended Dec. 31, 2007, as against a turnover of Rs 460 million for the corresponding quarter last year.
The total revenue for the period from April - December 2007 stood at Rs 5,020 million.
The net profit for the December 2007 quarter stood at Rs 298.6 million as against Rs 51.5 million for the corresponding quarter last year.
The company also added 168 new screens to exhibit movies in this quarter, adding up to a total of 655 screens, in India alone.
Aries Agro Q3 net up 37%
Aries Agro Q3 net up 37%
Aries Agro (AAL), a micronutrient and other nutritional products for plants and animals manufacturing company, reported 37% increase in net profit to Rs 48.6 million for the third quarter ended December 2007 as compared with Rs 35.5 million for the corresponding quarter of the previous year.
Net sales rose 22.77% to Rs 289 million for the quarter ended Dec. 31, 2007 as against Rs 235.4 million in the previous quarter last year.
For 9 months ended Dec. 31, 2007, the company registered net sales of Rs 741.1 million with a net profit of Rs 110.5 million.
Rolta India (cons) net rises 47.09% in Dec `07 qtr
Rolta India, on consolidated basis registered 47.09% rise of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 602.18 million as against Rs 409.39 million in the quarter ended December 2006.Total income rose 47.84% to Rs 2,519.45 million for the quarter ended December 2007 from Rs 1,704.11 million for the same period, last year.
Punj Lloyd net rises 2.05 times in Dec `07 qtr
Punj Lloyd disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.05 times rise in profit to Rs 391.60 million from Rs 190.39 million in the quarter ended December 2006.Net sales for the quarter rose 91.13% to Rs 12,437.50 million compared with Rs 6,507.28 million in the corresponding quarter, a year ago. Total income rose 87.95% to Rs 12,582 million for the quarter ended December 2007 from Rs 6,694.12 million for the same period last year.The diluted EPS after extraordinary stood at Rs 1.26 for the quarter ended December 2007.
J&K Bank net up 30.12% in Dec`07 qtr
Jammu & Kashmir Bank registered a 30.12% growth in net profit to Rs 1,091.60 million for the quarter ended December 2007 from Rs 838.90 million in the quarter ended December 2006.
Interest earned for the quarter rose 33.50% to Rs 6182.80 million compared with Rs 4631.00 million in the corresponding quarter, a year ago.
Total income rose 37.48% to Rs 6887.60 million for the quarter ended December 2007 from Rs 5009.60 million for the same period, last year.
Escorts loss widens 95.06% in Dec `07 qtr
Dabur Pharma net drops 7.51% in Dec `07 qtr
Leading oncology player, Dabur Pharma, (Q, N,C,F)* registered a drop in net profit for the quarter ended in December 2007. During the quarter, the company experienced a 7.51% drop in profit to Rs 82.60 million from Rs 89.31 million in the quarter ended December 2006.
Su-raj Diamonds net up 30.87% in Dec`07 qtr
Su-raj Diamonds and Jewellery registered a 30.87% growth in net profit to Rs 175.90 million for the quarter ended December 2007 as compared with Rs 134.40 million for the corresponding quarter last year.
Net sales for the quarter rose 24.73% to Rs 5,740.90 million as against Rs 4,602.60 million for the same quarter a year ago.
Valecha Engineering net drops 13.66% in Dec `07 qtr
Spice Mobiles swings to profit in Dec `07 qtr
Spice Mobiles swings to net profit for the quarter ended December 2007. During the quarter, the company posted profit to Rs 66.90 million from a loss of Rs 6.70 million in the quarter ended December 2006.Net sales for the quarter rose 2.10 times to Rs 1,209.70 million compared with Rs 574.30 million in the corresponding quarter, a year ago.
IVRCL Infra net up 99.39% in Dec`07 qtr
IVRCL Infrastructures & Projects registered a 99.39% rise in net profit to Rs 640.56 million for the quarter ended December 2007, compared with Rs 321.26 million for the same quarter, a year ago.Net sales for the quarter rose 86.64% to Rs 9,748.57 million as against Rs 5,223.11 million for the corresponding quarter, last year.
Cadila Healthcare net rises 20.19% in Dec`07 qtr
Cadila Healthcare disclosed a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 20.19% rise in profit to Rs 631 million from Rs 525 million in the quarter ended December 2006.
Omaxe net up 5.46% in Dec`07 qtr (QoQ)
Realty company, Omaxe (Q, N,C,F)* posted a 5.46% jump in net profit at Rs 1,230.97 million for the quarter ended December 2007 as compared with Rs 1,167.27 million for the quarter ended September 2007.
IVR Prime net at Rs 1.16 bn for Dec`07 qtr
Hyderabad-based real estate developer IVR Prime (Q, N,C,F)* Urban Developers, which got listed on the bourses on Aug. 16, 2007, clocked net profit of Rs 1,163.23 million, on net sales of Rs 2,959.51 million for the latest quarter ended December 2007.
The company posted total income of Rs 3,030.87 million and its basis and diluted EPS stood at Rs 18.13 in December 2007 quarter.
K S Oils net up 60% in Dec`07 qtr
KS Oils registered a 60.47% growth in net profit to Rs 324.30 million for the quarter ended December 2007 as compared with Rs 202.10 million for the corresponding quarter, last year. Net sales for the quarter rose 84.72% to Rs 5,636.70 million as against Rs 3,051.50 million for the same quarter, a year ago.
CESC net up 52% in Dec`07 qtr
CESC registered a 52.46% growth in net profit to Rs 930.00 million for the quarter ended December 2007 as compared with Rs 610.00 million for the corresponding quarter, last fiscal.
IOC Q3 net surges 97% to Rs 20.9 bn
India`s largest refiner Indian Oil Corporation posted a 97.42% rise in net profit to Rs 20,906.90 million for the quarter ended December 2007 as compared with Rs 10,590.10 million for the corresponding quarter, a year ago.
Ess Dee net leaps 2.48 times for Dec`07 qtr
Ess Dee Aluminium, a foil-based packaging solutions provider, posted a robust 2.48 times jump in net profit to Rs 151.88 million for the quarter ended December 2007 as compared with Rs 61.30 million for the corresponding quarter in the last fiscal.
Radico Khaitan net rises 44% in Q3
Radico Khaitan posted a 44.01% jump in net profit at Rs 115.83 million for the quarter ended December 2007 as compared to Rs 80.43 million for the quarter ended December 2006.
Gateway Distriparks net up 12.24% for Dec `07 qtr
Gateway Distriparks has registered 12.24% growth in net profit to Rs 190.96 million for the quarter ended Dec. 31, 2007, from Rs 170.14 million in the corresponding quarter last fiscal.
Source: Sify.com , www.Theeconomictimes.com www.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.
Tata Steel’s net profit for October-December net profit rose 0.45 per cent to Rs 1068.58 crore against Rs 1063.75 crore during the same period of previous year. Total income increased 10.35 per cent to Rs 5,040.95 crore from Rs 4,568.20 crore a year ago. At 3:01, Tata Steel shares were down 0.19 per cent at Rs 722.10 on BSE.
Tata Steel profit remains flat in Dec`07 qtr
Tata Steel registered marginal rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 0.45% rise in profit to Rs 10,685.80 million from Rs 10,637.50 million in the quarter ended December 2006.
Net sales for the quarter rose 11.27% to Rs 49,739.20 million compared with Rs 44,699.80 million in the corresponding quarter, a year ago.
Total income rose 10.33% to Rs 50,409.50 million for the quarter ended December 2007 from Rs 45,687.20 million for the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 15.28 for the quarter ended December 2007.
Highlights of quarter
Tata Steel signed a memorandum of understanding (MoU) with Vietnam Steel Corporation for the proposed Cold Rolling Mill in Vietnam.Tata Steel and Riversdale Mining signed an agreement to establish a special purpose joint venture (JV) vehicle to develop a hard coking and thermal coal project at key coal exploration tenements held by Riversdale in Mozambique.
Tata Steel entered into a joint venture agreement with Al Bahja Group, a leading business house of Oman, for the development of the Uyun Limestone deposits at Salalah in the Sultanate of Oman.
Business Profile:
Tata Steel formerly Tata Iron and Steel Company, is India`s largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tons of hot and cold rolled flat and long products. Tata Steel (Q, N,C,F)* Group comprises of two entities, namely, Tata Steel (including Tata Steel Thailand and NatSteel Asia) and Corus Group.
Tata Steel`s operations are grouped under strategic profit centers like steel making, tubes, growth shop (for its steel plant and material handling equipment), bearings, ferro alloys and minerals, rings, agrico and wires.
Shares of the company declined Rs 4.4, or 0.61%, to trade at Rs 719.1. The total volume of shares traded was 237,646 at the BSE. (3.09 p.m., Thursday).
Unitech posts 39 pc rise in net profit at Rs 526 cr
Real estate firm Unitech on Thursday posted 39 per cent increase in consolidated net profit at Rs 525.78 crore for the quarter ended December 31, 2007, against Rs 377.84 crore for the corresponding period in the previous fiscal. Total income of the group during the quarter under review was Rs 1,165.11 crore, up 19 per cent from the corresponding period last year, the company said in a release. "Higher sales, better price realisation and strong project execution have resulted in a robust financial performance during the period. With many projects in the pipeline, we expect this strong performance to continue," Unitech Ltd Managing Director Sanjay Chandra said in the statement. For the nine-month period ended December 31, 2007, the consolidated total income of the group stood at Rs 3,129.04 crore and consolidated profit after tax was Rs 1,301.58 crore. During the quarter, Unitech made a foray into the Mumbai market by acquiring 50 per cent stake in a company executing a 97 acre slum rehabilitation project. The company also won a tender to develop a 1,750 acre township in Visakhapatnam. Besides, Unitech also bagged a tender to develop a 350 acre township in Hyderabad. On a standalone basis, Unitech posted 18.44 per cent decline in net profit at Rs 368.92 crore for the quarter ended on December 31, 2007, against Rs 452.38 crore for the same quarter in 2006. Net sales of the company dipped by 18.37 per cent to Rs 818.51 crore for quarter ended December 31, 2007, compared to Rs 1002.74 crore for the corresponding quarter last year, Unitech said in a filing to National Stock Exchange.
BPCL Q3 net profit falls 4% YoY
Tata Motors consolidated net rises 8.75% in Dec `07 qtr
Tata Motors Q3 net profit dips 3%
Tata Motors, on consolidated basis registered 8.75% rise of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 6,547.9 million as against Rs 6,020.70 million in the quarter ended December 2006.Total income rose 13.85% to Rs 93,246.90 million for the quarter ended December 2007 from Rs 81,896.60 million for the same period, last year.
Tata Motors, on standalone basis, registered a drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.75% drop in profit to Rs 4,990.50 million from Rs 5,131.70 million in the quarter ended December 2006.
Net sales for the quarter rose 4.24% to Rs 72,518.30 million compared with Rs 69,568.40 million in the corresponding quarter, a year ago.
Total income rose 5.34% to Rs 73,436.40 million for the quarter ended December 2007 from Rs 69,711.60 million for the same period last year.
The basic and diluted EPS after extraordinary item declined 12.01% to Rs 11.72 for the quarter ended December 2007 from Rs 13.32 for the same quarter last year.
RCom (consolidated) net rises 48.50% in Dec`07 qtr
Reliance Comm Q3 net up 49%, beats forecast
Reliance Communications, on consolidated basis, experienced a 48.50% rise in profit to Rs 13,728.30 million in quarter ended December 2007 from Rs 9,244.50 million in the quarter ended December 2006. Total income rose 29.80% to Rs 48,742 million for the quarter ended December 2007 from Rs 37,553 million for the same period, last year.Reliance Communications, on standalone basis, registered 43.39% drop in net profit for the quarter ended December 2007. During the quarter, the company experienced a 43.39% drop in profit to Rs 4,364.80 million from Rs 7,710.60 million in the quarter ended December 2006. Net sales for the quarter rose 11.83% to Rs 34,035.20 million compared with Rs 30,434.50 million in the corresponding quarter, a year ago.
Total income rose 12.03% to Rs 34,108.20 million for the quarter ended December 2007 from Rs 30,445.10 million for the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 2.02 for the quarter ended December 2007. Highlights of quarter:Reliance Communications received approval from the Federal Communications Commission (FCC) for the merger of U.S.-based Yipes Holdings, Inc. Reliance Communications (Q, N,C,F)* announced the USD 300 million acquisition of Yipes in July 2007.The allotment committee of the board of directors of the company has allotted 692,366 equity shares of Rs 5 each at a predetermined premium of Rs 475.68 a share on Dec. 29, 2007.The ministry of communications and IT government of India, made allotment of start up spectrum to the company for providing GSM services under the Unified Access Services Licenses (UASL). The allotment of spectrum is in addition to the company`s existing CDMA services. As a result, the company will, in due course, offer nation wide GSM services in addition to its existing CDMA services.
MRF Q3 net profit up 51% YoY
MRF’s net profit rose 78.69 per cent to Rs 51.75 crore for the October-December quarter against Rs 28.96 crore in the same quarter of previous year. Net sales increased 9.23 per cent to Rs 1,155.57 crore from Rs 1,057.83 crore a year ago.
United Phosphorous Q3 net profit falls 85% YoY
Lakshmi Machine Works Q3 net profit grows 30% YoY
Lakshmi Machine Works’ net profit rose 30.88 per cent to Rs 584.48 crore for October-December quarter against Rs 446.59 crore in the same quarter of previous year. Net sales increased to Rs 4,654.34 crore for the quarter ended Dec 31, 2007 from Rs 5,352.07 crore in the corresponding quarter of previous year.
National Fertilizers Q3 net profit up 28% YoY
National Fertilizers' net profit for the quarter ended Dec 31, 2007 rose 28.43 per cent to Rs 47.03 crore against Rs 36.62 crore in the same quarter of previous year.
Maharashtra Seamless Q3 net profit falls 14% YoY
Maharashtra Seamless’ net profit fell 14.76 per cent to Rs 51.16 crore for the quarter ended Dec 31, 2007 compared with Rs 60.02 crore for the corresponding quarter ended December 2006. Total income increased 10.86 per cent to Rs 388.55 crore from Rs 350.48 croe a year ago.
Puravankara Projects Q3 net profit jumps 152% YoY
Puravankara Projects’ net profit for the quarter ended Dec 31, 2007 rose 152.38 per cent to Rs 56.50 crore against Rs 22.38 crore for the corresponding quarter ended December 2006. Total revenue increased 78.46 per cent to Rs 150.53 crore for the October-December from Rs 84.35 crore for same period of pervious year. The group’s net profit grew 121.95 per cent to Rs 63.11 crore for the quarter compared with Rs 28.43 crore for the same period of earlier year. Total revenues increased 78.46 per cent to Rs 150.53 crore from Rs 84.35 crore a year ago.
Birla Corp Q3 net profit up 11% YoY
Birla Corporation’s net profit rose 11.84 per cent to Rs 106.40 crore for the quarter ended Dec 31, 2007 compared with Rs 95.14 crore the corresponding quarter ended December 2006. Total income increased 6.68 per cent to Rs 442.51 crore for October-December quarter from Rs 414.81 crore during the same period of previous year.
Finolex Cables Q3 net profit jumps 26% YoY
Finolex Cables’ October-December net profit rose 26.15 per cent to Rs 20.31 crore against Rs 16.1 crore in the same quarter of previous year. Total income increased 31.08 per cent to Rs 333.53 crore for the quarter ended Dec 31, 2007 from Rs 254.45 crore for the corresponding quarter ended December 2006.
Torrent Pharma Q3 net profit jumps 130% YoY
Torrent Pharmaceuticals’ net profit rose 130.27 per cent to Rs 54.16 crore for the quarter ended Dec 31, 2007 against with Rs 23.52 crore in the same quarter of previous year. Total income increased 20.35 per cent to Rs 263.26 crore from Rs 218.74 crore a year ago. The group’s net profit grew 45.30 per cent to Rs 37.27 crore for the October-December quarter compared with Rs 25.65 crore in corresponding quarter of earlier year. Total income improved by 2.84 per cent to Rs 348.44 crore for the quarter from Rs 338.82 crore during the same period of earlier year.
Siemens Q3 net profit jumps 100% YoY
Siemens’ net profit for the quarter ended Dec 31, 2007 rose 100.93 per cent to Rs 197.05 crore against Rs 98.07 crore in the same quarter of previous year. Total income increased 16.55 per cent to Rs 1,921.03 crore for the October-December quarter from Rs 1648.25 crore for the corresponding quarter of earlier year. The company has sold information and communication segment to Siemens Enterprise Communication, Germany in Aug 1, 2007 and building technologies segment to Siemens Building Technologies (formerly known as iMetrex Technologies) on Oct 1, 2007 respectively. It also sold an automotive segment to Siemens VDO Auto Components from Dec 01, 2007. The above divisions constitute separate reporting segments as disclosed in the segment wise report. Consequently the figures for the quarter ended Dec 31, 2007 are not strictly comparable with the figures of the quarter ended Dec 31, 2006.
Omaxe Q3 net at Rs 154.157 cr
Omaxe Ltd has announced the following unaudited results for the quarter ended December 31, 2007:
The company has posted a profit after tax of Rs 123.09 crore for the quarter ended December 31, 2007. Total revenue is Rs 576.84 crore for the quarter ended December 31, 2007.
The consolidated results are as follows:
The group has posted a profit after tax of Rs 154.15 crore for the quarter ended December 31, 2007. Total revenue is Rs 678.21 crore for the quarter ended December 31, 2007.
ACC Q3 net up 15.14% at Rs 1427.34 cr
The company has posted a net profit of Rs 1438.59 crore for the year ended December 31, 2007 as compared to Rs 1231.84 crore for the year ended December 31, 2006. Total Income has increased from Rs 5945.13 crore for the year ended December 31, 2006 to Rs 7135.97 crore for the year ended December 31, 2007.
The audited consolidated results for the year ended December 31, 2007:
The group has posted a net profit of Rs 1427.34 crore for the year ended December 31, 2007 as compared to Rs 1239.60 crore for the year ended December 31, 2006. Total Income has increased from Rs 5984.56 crore for the year ended December 31, 2006 to Rs 7189.43 crore for the year ended December 31, 2007.
Hero Honda Q3 net up 32%
Top motorcycle maker, Hero Honda Motors Ltd, said on Thursday quarterly profit rose 32 per cent, as its higher-margin bikes helped offset firm interest rates in the world's biggest market after China. Hero Honda, in which India's Hero Group and Japan's Honda Motor Co each hold 26 per cent, has about half the market, which is expanding quickly on the back of rising incomes. Truck maker Daimler recently formed a venture with the Hero Group for a range of commercial vehicles in India. New Delhi-based Hero Honda said net profit rose to Rs 275 crore ($70 million) in the fiscal third quarter to end-December from Rs 209 crore reported a year earlier.
Net sales rose 3 per cent to Rs 2743 crore. The result beat a Reuters poll forecast of net profit of Rs 222 crore on net sales of Rs 2703 crore.
Moser Baer Oct-Dec net profit seen up 6.4 per cent
Alok Industries net rises 31.67% in Dec `07 qtr
Alok Industries disclosed a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 31.67% rise in profit to Rs 488 million from Rs 370.60 million in the quarter ended December 2006.Net sales for the quarter rose 14.76% to Rs 5507.80 million compared with Rs 4,799.20 million in the corresponding quarter, a year ago. Total income rose 15.83% to Rs 5,596.50 million for the quarter ended December 2007 from Rs 4,831.50 million for the same period last year.
GAIL net down 6.63% in Dec`07 qtr
G A I L (India) registered a 6.63% fall in net profit to Rs 6,213.20 million for the quarter ended December 2007 as compared with Rs 6,654.60 million for the corresponding quarter last fiscal.Net sales for the quarter fell 1.82% to Rs 42,983.30 million as against Rs 43,783.70 million for the same quarter a year ago.
Total income for the quarter dipped 15.26% to Rs 44,831.50 million from Rs 52,908.50 million for the corresponding quarter last year.
Pyramid Saimira Q3 topline at Rs 2.31 bn
Pyramid Saimira Theatre, the holding company of Pyramid Saimira (Q, N,C,F)* Group, Asia`s largest and world`s 3rd largest theatre chain company, registered a turnover of Rs 2,310 million, for the third quarter ended Dec. 31, 2007, as against a turnover of Rs 460 million for the corresponding quarter last year.
The total revenue for the period from April - December 2007 stood at Rs 5,020 million.
The net profit for the December 2007 quarter stood at Rs 298.6 million as against Rs 51.5 million for the corresponding quarter last year.
The company also added 168 new screens to exhibit movies in this quarter, adding up to a total of 655 screens, in India alone.
Aries Agro Q3 net up 37%
Aries Agro Q3 net up 37%
Aries Agro (AAL), a micronutrient and other nutritional products for plants and animals manufacturing company, reported 37% increase in net profit to Rs 48.6 million for the third quarter ended December 2007 as compared with Rs 35.5 million for the corresponding quarter of the previous year.
Net sales rose 22.77% to Rs 289 million for the quarter ended Dec. 31, 2007 as against Rs 235.4 million in the previous quarter last year.
For 9 months ended Dec. 31, 2007, the company registered net sales of Rs 741.1 million with a net profit of Rs 110.5 million.
Rolta India (cons) net rises 47.09% in Dec `07 qtr
Rolta India, on consolidated basis registered 47.09% rise of in net profit for the quarter ended December 2007. During the quarter, net profit stood at Rs 602.18 million as against Rs 409.39 million in the quarter ended December 2006.Total income rose 47.84% to Rs 2,519.45 million for the quarter ended December 2007 from Rs 1,704.11 million for the same period, last year.
Punj Lloyd net rises 2.05 times in Dec `07 qtr
Punj Lloyd disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 2.05 times rise in profit to Rs 391.60 million from Rs 190.39 million in the quarter ended December 2006.Net sales for the quarter rose 91.13% to Rs 12,437.50 million compared with Rs 6,507.28 million in the corresponding quarter, a year ago. Total income rose 87.95% to Rs 12,582 million for the quarter ended December 2007 from Rs 6,694.12 million for the same period last year.The diluted EPS after extraordinary stood at Rs 1.26 for the quarter ended December 2007.
J&K Bank net up 30.12% in Dec`07 qtr
Jammu & Kashmir Bank registered a 30.12% growth in net profit to Rs 1,091.60 million for the quarter ended December 2007 from Rs 838.90 million in the quarter ended December 2006.
Interest earned for the quarter rose 33.50% to Rs 6182.80 million compared with Rs 4631.00 million in the corresponding quarter, a year ago.
Total income rose 37.48% to Rs 6887.60 million for the quarter ended December 2007 from Rs 5009.60 million for the same period, last year.
Escorts loss widens 95.06% in Dec `07 qtr
Dabur Pharma net drops 7.51% in Dec `07 qtr
Leading oncology player, Dabur Pharma, (Q, N,C,F)* registered a drop in net profit for the quarter ended in December 2007. During the quarter, the company experienced a 7.51% drop in profit to Rs 82.60 million from Rs 89.31 million in the quarter ended December 2006.
Su-raj Diamonds net up 30.87% in Dec`07 qtr
Su-raj Diamonds and Jewellery registered a 30.87% growth in net profit to Rs 175.90 million for the quarter ended December 2007 as compared with Rs 134.40 million for the corresponding quarter last year.
Net sales for the quarter rose 24.73% to Rs 5,740.90 million as against Rs 4,602.60 million for the same quarter a year ago.
Valecha Engineering net drops 13.66% in Dec `07 qtr
Spice Mobiles swings to profit in Dec `07 qtr
Spice Mobiles swings to net profit for the quarter ended December 2007. During the quarter, the company posted profit to Rs 66.90 million from a loss of Rs 6.70 million in the quarter ended December 2006.Net sales for the quarter rose 2.10 times to Rs 1,209.70 million compared with Rs 574.30 million in the corresponding quarter, a year ago.
IVRCL Infra net up 99.39% in Dec`07 qtr
IVRCL Infrastructures & Projects registered a 99.39% rise in net profit to Rs 640.56 million for the quarter ended December 2007, compared with Rs 321.26 million for the same quarter, a year ago.Net sales for the quarter rose 86.64% to Rs 9,748.57 million as against Rs 5,223.11 million for the corresponding quarter, last year.
Cadila Healthcare net rises 20.19% in Dec`07 qtr
Cadila Healthcare disclosed a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 20.19% rise in profit to Rs 631 million from Rs 525 million in the quarter ended December 2006.
Omaxe net up 5.46% in Dec`07 qtr (QoQ)
Realty company, Omaxe (Q, N,C,F)* posted a 5.46% jump in net profit at Rs 1,230.97 million for the quarter ended December 2007 as compared with Rs 1,167.27 million for the quarter ended September 2007.
IVR Prime net at Rs 1.16 bn for Dec`07 qtr
Hyderabad-based real estate developer IVR Prime (Q, N,C,F)* Urban Developers, which got listed on the bourses on Aug. 16, 2007, clocked net profit of Rs 1,163.23 million, on net sales of Rs 2,959.51 million for the latest quarter ended December 2007.
The company posted total income of Rs 3,030.87 million and its basis and diluted EPS stood at Rs 18.13 in December 2007 quarter.
K S Oils net up 60% in Dec`07 qtr
KS Oils registered a 60.47% growth in net profit to Rs 324.30 million for the quarter ended December 2007 as compared with Rs 202.10 million for the corresponding quarter, last year. Net sales for the quarter rose 84.72% to Rs 5,636.70 million as against Rs 3,051.50 million for the same quarter, a year ago.
CESC net up 52% in Dec`07 qtr
CESC registered a 52.46% growth in net profit to Rs 930.00 million for the quarter ended December 2007 as compared with Rs 610.00 million for the corresponding quarter, last fiscal.
IOC Q3 net surges 97% to Rs 20.9 bn
India`s largest refiner Indian Oil Corporation posted a 97.42% rise in net profit to Rs 20,906.90 million for the quarter ended December 2007 as compared with Rs 10,590.10 million for the corresponding quarter, a year ago.
Ess Dee net leaps 2.48 times for Dec`07 qtr
Ess Dee Aluminium, a foil-based packaging solutions provider, posted a robust 2.48 times jump in net profit to Rs 151.88 million for the quarter ended December 2007 as compared with Rs 61.30 million for the corresponding quarter in the last fiscal.
Radico Khaitan net rises 44% in Q3
Radico Khaitan posted a 44.01% jump in net profit at Rs 115.83 million for the quarter ended December 2007 as compared to Rs 80.43 million for the quarter ended December 2006.
Gateway Distriparks net up 12.24% for Dec `07 qtr
Gateway Distriparks has registered 12.24% growth in net profit to Rs 190.96 million for the quarter ended Dec. 31, 2007, from Rs 170.14 million in the corresponding quarter last fiscal.
Source: Sify.com , www.Theeconomictimes.com www.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.
Future Capital to see Rs 350-400 premium: Experts
Future Capital to see Rs 350-400 premium: Experts
Future Cap may list between Rs 800 to Rs 1,20
The first public issue of calendar 2008, Future Capital Holdings (FCHL), the financial services arm of the Future Group, will list on the stock exchanges on February 1, 2008. Experts feel that the stock is expected to see a premium of Rs 350-400.
Manish Bhatt of Prabhudas Lilladher said, "Future Capital is expected to list with premium of Rs 350-400. One can make partial profit booking."
According to R S Iyer of K R Choksey Securities, "The stock is likely to debut at around Rs 1150. Above Rs 1250, one can book profits. If the stock does not go above Rs 1250, then one can wait for better price for selling."
"Future Capital is likely to get listed at Rs 1,140 levels against issue price of Rs 765. Profit booking is advised upto Rs 1,000 levels, while fresh investment is not advised. Share may witness huge momentum and volatility", Investment Advisor, S P Tulsian said. The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process. The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer. The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company. The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
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The issue was oversubscribed 134 times, so we are expecting a strong listing. Future Capital premium has declined from Rs 550 per share to about Rs 400-450 per share. So, if one goes by the grey market premium, the listing is expected around Rs 1,150-1,200 per share. Even the break-even price for a leverage player is working out to be around similar levels. If one goes by valuations, which most brokerages are giving, this is one of the businesses, which doesn’t have much financials at the moment. It is all about a lot of promises and how the future businesses would pan out.
On that basis, the brokerages have valued this company. Most valuations are between Rs 5,000 crore to Rs 6,000 crore. If one goes by the grey market premium, then we are looking at a listing price of around Rs 1,150-1,200 per share. If one goes by valuations that the various brokerages are giving, then we are looking at roughly about Rs 800-975 per share.
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Source: www.moneycontrol.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.
Future Cap may list between Rs 800 to Rs 1,20
The first public issue of calendar 2008, Future Capital Holdings (FCHL), the financial services arm of the Future Group, will list on the stock exchanges on February 1, 2008. Experts feel that the stock is expected to see a premium of Rs 350-400.
Manish Bhatt of Prabhudas Lilladher said, "Future Capital is expected to list with premium of Rs 350-400. One can make partial profit booking."
According to R S Iyer of K R Choksey Securities, "The stock is likely to debut at around Rs 1150. Above Rs 1250, one can book profits. If the stock does not go above Rs 1250, then one can wait for better price for selling."
"Future Capital is likely to get listed at Rs 1,140 levels against issue price of Rs 765. Profit booking is advised upto Rs 1,000 levels, while fresh investment is not advised. Share may witness huge momentum and volatility", Investment Advisor, S P Tulsian said. The company had fixed the issue price at Rs 765 per equity share (upper end of the price band) for its initial public offering (IPO) of 6,422,800 equity shares of Rs 10 each for cash at the above price decided through a 100% book-building process. The issue had opened for subscription on January 11, 2008, and closed on January 16, 2008. According to the preliminary data obtained from the stock exchanges, the issue was subscribed to approximately around 133 times (Source: NSE website). The qualified institutional bidders portion was subscribed to approximately around 180 times; the non institutional investors portion 84 times; and the retail portion 55 times. The public issue received more than 11.71 lakh applications and bids for 85.7 crore equity shares as against 6.422 million shares on offer. The equity shares are proposed to be listed on Bombay Stock Exchange and the National Stock Exchange. The issue constitutes 10.16% of the post-issue paid-up capital of the company. The book running lead managers to the issue are Kotak Mahindra Capital Company Limited, Enam Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.
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The issue was oversubscribed 134 times, so we are expecting a strong listing. Future Capital premium has declined from Rs 550 per share to about Rs 400-450 per share. So, if one goes by the grey market premium, the listing is expected around Rs 1,150-1,200 per share. Even the break-even price for a leverage player is working out to be around similar levels. If one goes by valuations, which most brokerages are giving, this is one of the businesses, which doesn’t have much financials at the moment. It is all about a lot of promises and how the future businesses would pan out.
On that basis, the brokerages have valued this company. Most valuations are between Rs 5,000 crore to Rs 6,000 crore. If one goes by the grey market premium, then we are looking at a listing price of around Rs 1,150-1,200 per share. If one goes by valuations that the various brokerages are giving, then we are looking at roughly about Rs 800-975 per share.
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Source: www.moneycontrol.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.
Results: AIAEngg, Peninsula, MadhuconProj, Nagarjunaconst, GBN, Madras cement, Ceat, SREIinfra etc
Corporate Results
Swaraj Mazda net profit rises 26.00% in the December 2007 quarter
Gulf Oil Corporation net profit rises 0.15% in the December 2007 quarter
Net profit of Gulf Oil Corporation rose 0.15% to Rs 6.54 crore in the quarter ended December 2007 as against Rs 6.53 crore during the previous quarter ended December 2006. Sales rose 25.50% to Rs 187.27 crore in the quarter ended December 2007 as against Rs 149.22 crore during the previous quarter ended December 2006.
MSP Steel & Power net profit rises 28.27% in the December 2007 quarter
Net profit of MSP Steel & Power rose 28.27% to Rs 9.03 crore in the quarter ended December 2007 as against Rs 7.04 crore during the previous quarter ended December 2006. Sales rose 70.61% to Rs 100.18 crore in the quarter ended December 2007 as against Rs 58.72 crore during the previous quarter ended December 2006.
Shree Precoated Steels net profit rises 334.15% in the December 2007 quarter
Net profit of Shree Precoated Steels rose 334.15% to Rs 73.98 crore in the quarter ended December 2007 as against Rs 17.04 crore during the previous quarter ended December 2006. Sales rose 10.31% to Rs 458.43 crore in the quarter ended December 2007 as against Rs 415.58 crore during the previous quarter ended December 2006.
Ramco Systems reports net profit of Rs 28.55 crore in the December 2007 quarter
Kalptaru Papers net profit rises 13.11% in the December 2007 quarter
Arvind Remedies net profit rises 7.81% in the December 2007 quarter
Pyramid Saimira Theatre net profit rises 479.81% in the December 2007 quarter
Net profit of Pyramid Saimira Theatre rose 479.81% to Rs 29.86 crore in the quarter ended December 2007 as against Rs 5.15 crore during the previous quarter ended December 2006. Sales rose 402.54% to Rs 231.42 crore in the quarter ended December 2007 as against Rs 46.05 crore during the previous quarter ended December 2006.
Vaibhav Gems net profit declines 86.51% in the December 2007 quarter
Autoline Industries net profit rises 78.38% in the December 2007 quarter
Net profit of Autoline Industries rose 78.38% to Rs 6.60 crore in the quarter ended December 2007 as against Rs 3.70 crore during the previous quarter ended December 2006. Sales rose 49.85% to Rs 63.04 crore in the quarter ended December 2007 as against Rs 42.07 crore during the previous quarter ended December 2006.
Goldiam International net profit declines 50.63% in the December 2007 quarter
Aftek net profit rises 8.90% in the December 2007 quarter
Amtek India net profit rises 25.78% in the December 2007 quarter
Net profit of Amtek India rose 25.78% to Rs 36.15 crore in the quarter ended December 2007 as against Rs 28.74 crore during the previous quarter ended December 2006. Sales rose 41.24% to Rs 247.61 crore in the quarter ended December 2007 as against Rs 175.31 crore during the previous quarter ended December 2006.
Ansal Housing & Construction net profit rises 25.48% in the December 2007 quarter
Net profit of Ansal Housing & Construction rose 25.48% to Rs 16.40 crore in the quarter ended December 2007 as against Rs 13.07 crore during the previous quarter ended December 2006. Sales rose 24.67% to Rs 70.00 crore in the quarter ended December 2007 as against Rs 56.15 crore during the previous quarter ended December 2006.
Bhagyanagar India net profit rises 36.34% in the December 2007 quarter
Net profit of Bhagyanagar India rose 36.34% to Rs 9.38 crore in the quarter ended December 2007 as against Rs 6.88 crore during the previous quarter ended December 2006. Sales rose 36.83% to Rs 64.76 crore in the quarter ended December 2007 as against Rs 47.33 crore during the previous quarter ended December 2006.
Madhucon Projects net profit rises 32.72% in the December 2007 quarter
Net profit of Madhucon Projects rose 32.72% to Rs 12.98 crore in the quarter ended December 2007 as against Rs 9.78 crore during the previous quarter ended December 2006. Sales rose 66.95% to Rs 201.17 crore in the quarter ended December 2007 as against Rs 120.50 crore during the previous quarter ended December 2006.
Pudumjee Agro Industries net profit rises 476.47% in the December 2007 quarter
L T Overseas net profit rises 25.85% in the December 2007 quarter
Net profit of L T Overseas rose 25.85% to Rs 9.30 crore in the quarter ended December 2007 as against Rs 7.39 crore during the previous quarter ended December 2006. Sales rose 24.74% to Rs 161.73 crore in the quarter ended December 2007 as against Rs 129.65 crore during the previous quarter ended December 2006.
Wheels India net profit rises 61.83% in the December 2007 quarter
Mold-Tek Technologies net profit rises 52.86% in the December 2007 quarter
Hotel Leela Venture net profit rises 54.18% in the December 2007 quarter
Net profit of Hotel Leela Venture rose 54.18% to Rs 54.98 crore in the quarter ended December 2007 as against Rs 35.66 crore during the previous quarter ended December 2006. Sales rose 44.37% to Rs 142.96 crore in the quarter ended December 2007 as against Rs 99.02 crore during the previous quarter ended December 2006.
Peninsula Land net profit rises 74.23% in the December 2007 quarter
Net profit of Peninsula Land rose 74.23% to Rs 37.86 crore in the quarter ended December 2007 as against Rs 21.73 crore during the previous quarter ended December 2006. Sales declined 64.09% to Rs 22.36 crore in the quarter ended December 2007 as against Rs 62.26 crore during the previous quarter ended December 2006.
Network 18 Media & Investments reports net profit of Rs 30.33 crore in the December 2007 quarter
AIA Engineering net profit rises 116.03% in the December 2007 quarter
Net profit of AIA Engineering rose 116.03% to Rs 31.67 crore in the quarter ended December 2007 as against Rs 14.66 crore during the previous quarter ended December 2006. Sales rose 59.46% to Rs 167.02 crore in the quarter ended December 2007 as against Rs 104.74 crore during the previous quarter ended December 2006.
Nagarjuna Construction Company net profit declines 11.71% in the December 2007 quarter
Net profit of Nagarjuna Construction Company declined 11.71% to Rs 39.64 crore in the quarter ended December 2007 as against Rs 44.90 crore during the previous quarter ended December 2006. Sales rose 11.40% to Rs 779.51 crore in the quarter ended December 2007 as against Rs 699.77 crore during the previous quarter ended December 2006.
Global Broadcast News reports net profit of Rs 1.79 crore in the December 2007 quarter
Balrampur Chini Mills reports net loss of Rs 0.06 crore in the December 2007 quarter
Royal Orchid Hotels net profit declines 7.29% in the December 2007 quarter
Madras Cements net profit rises 62.43% in the December 2007 quarter
Net profit of Madras Cements rose 62.43% to Rs 110.65 crore in the quarter ended December 2007 as against Rs 68.12 crore during the previous quarter ended December 2006. Sales rose 31.05% to Rs 512.38 crore in the quarter ended December 2007 as against Rs 390.99 crore during the previous quarter ended December 2006.
Bajaj Electricals net profit rises 90.15% in the December 2007 quarter
Net profit of Bajaj Electricals rose 90.15% to Rs 18.92 crore in the quarter ended December 2007 as against Rs 9.95 crore during the previous quarter ended December 2006. Sales rose 28.88% to Rs 365.13 crore in the quarter ended December 2007 as against Rs 283.30 crore during the previous quarter ended December 2006.
Adlabs Films net profit declines 6.65% in the December 2007 quarter
Kohinoor Foods net profit rises 3.11% in the December 2007 quarter
Net profit of Kohinoor Foods rose 3.11% to Rs 8.29 crore in the quarter ended December 2007 as against Rs 8.04 crore during the previous quarter ended December 2006. Sales declined 14.16% to Rs 155.90 crore in the quarter ended December 2007 as against Rs 181.62 crore during the previous quarter ended December 2006.
Unichem Laboratories net profit declines 21.22% in the December 2007 quarter
Net profit of Unichem Laboratories declined 21.22% to Rs 15.11 crore in the quarter ended December 2007 as against Rs 19.18 crore during the previous quarter ended December 2006. Sales rose 5.93% to Rs 139.11 crore in the quarter ended December 2007 as against Rs 131.32 crore during the previous quarter ended December 2006.
CEAT net profit rises 63.16% in the December 2007 quarter
Net profit of CEAT rose 63.16% to Rs 19.22 crore in the quarter ended December 2007 as against Rs 11.78 crore during the previous quarter ended December 2006. Sales rose 5.11% to Rs 564.11 crore in the quarter ended December 2007 as against Rs 536.66 crore during the previous quarter ended December 2006.
Indus Fila net profit rises 61.20% in the December 2007 quarter
Net profit of Indus Fila rose 61.20% to Rs 12.09 crore in the quarter ended December 2007 as against Rs 7.50 crore during the previous quarter ended December 2006. Sales rose 60.43% to Rs 124.22 crore in the quarter ended December 2007 as against Rs 77.43 crore during the previous quarter ended December 2006.
Hindustan Dorr-Oliver net profit rises 58.36% in the December 2007 quarter
IL & FS Investsmart net profit declines 68.99% in the December 2007 quarter
Lakshmi Machine Works net profit rises 30.88% in the December 2007 quarter
Net profit of Lakshmi Machine Works rose 30.88% to Rs 58.45 crore in the quarter ended December 2007 as against Rs 44.66 crore during the previous quarter ended December 2006. Sales rose 14.99% to Rs 535.21 crore in the quarter ended December 2007 as against Rs 465.43 crore during the previous quarter ended December 2006.
Ashapura Minechem net profit rises 16.79% in the December 2007 quarter
Net profit of Ashapura Minechem rose 16.79% to Rs 36.94 crore in the quarter ended December 2007 as against Rs 31.63 crore during the previous quarter ended December 2006. Sales rose 84.36% to Rs 355.89 crore in the quarter ended December 2007 as against Rs 193.04 crore during the previous quarter ended December 2006.
Indraprastha Gas net profit rises 26.89% in the December 2007 quarter
Net profit of Indraprastha Gas rose 26.89% to Rs 45.02 crore in the quarter ended December 2007 as against Rs 35.48 crore during the previous quarter ended December 2006. Sales rose 14.30% to Rs 182.73 crore in the quarter ended December 2007 as against Rs 159.87 crore during the previous quarter ended December 2006.
Karuturi Networks net profit declines 10.99% in the December 2007 quarter
MSK Projects India net profit rises 43.41% in the December 2007 quarter
SREI Infrastructure Finance net profit rises 58.26% in the December 2007 quarter
Net profit of SREI Infrastructure Finance rose 58.26% to Rs 28.36 crore in the quarter ended December 2007 as against Rs 17.92 crore during the previous quarter ended December 2006. Sales rose 85.65% to Rs 173.56 crore in the quarter ended December 2007 as against Rs 93.49 crore during the previous quarter ended December 2006.
Tide Water Oil Co (I) net profit rises 342.86% in the December 2007 quarter
Harrisons Malayalam net profit declines 44.78% in the December 2007 quarter
Lakshmi Vilas Bank net profit rises 23.23% in the December 2007 quarter
Paramount Communications net profit declines 16.08% in the December 2007 quarter
Kernex Microsystems India net profit rises 16.67% in the December 2007 quarter
Birla Power Solutions net profit rises 2.14% in the December 2007 quarter
Crest Animation Studios net profit rises 140.91% in the December 2007 quarter
Source: www.capitalmarket.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.
Swaraj Mazda net profit rises 26.00% in the December 2007 quarter
Gulf Oil Corporation net profit rises 0.15% in the December 2007 quarter
Net profit of Gulf Oil Corporation rose 0.15% to Rs 6.54 crore in the quarter ended December 2007 as against Rs 6.53 crore during the previous quarter ended December 2006. Sales rose 25.50% to Rs 187.27 crore in the quarter ended December 2007 as against Rs 149.22 crore during the previous quarter ended December 2006.
MSP Steel & Power net profit rises 28.27% in the December 2007 quarter
Net profit of MSP Steel & Power rose 28.27% to Rs 9.03 crore in the quarter ended December 2007 as against Rs 7.04 crore during the previous quarter ended December 2006. Sales rose 70.61% to Rs 100.18 crore in the quarter ended December 2007 as against Rs 58.72 crore during the previous quarter ended December 2006.
Shree Precoated Steels net profit rises 334.15% in the December 2007 quarter
Net profit of Shree Precoated Steels rose 334.15% to Rs 73.98 crore in the quarter ended December 2007 as against Rs 17.04 crore during the previous quarter ended December 2006. Sales rose 10.31% to Rs 458.43 crore in the quarter ended December 2007 as against Rs 415.58 crore during the previous quarter ended December 2006.
Ramco Systems reports net profit of Rs 28.55 crore in the December 2007 quarter
Kalptaru Papers net profit rises 13.11% in the December 2007 quarter
Arvind Remedies net profit rises 7.81% in the December 2007 quarter
Pyramid Saimira Theatre net profit rises 479.81% in the December 2007 quarter
Net profit of Pyramid Saimira Theatre rose 479.81% to Rs 29.86 crore in the quarter ended December 2007 as against Rs 5.15 crore during the previous quarter ended December 2006. Sales rose 402.54% to Rs 231.42 crore in the quarter ended December 2007 as against Rs 46.05 crore during the previous quarter ended December 2006.
Vaibhav Gems net profit declines 86.51% in the December 2007 quarter
Autoline Industries net profit rises 78.38% in the December 2007 quarter
Net profit of Autoline Industries rose 78.38% to Rs 6.60 crore in the quarter ended December 2007 as against Rs 3.70 crore during the previous quarter ended December 2006. Sales rose 49.85% to Rs 63.04 crore in the quarter ended December 2007 as against Rs 42.07 crore during the previous quarter ended December 2006.
Goldiam International net profit declines 50.63% in the December 2007 quarter
Aftek net profit rises 8.90% in the December 2007 quarter
Amtek India net profit rises 25.78% in the December 2007 quarter
Net profit of Amtek India rose 25.78% to Rs 36.15 crore in the quarter ended December 2007 as against Rs 28.74 crore during the previous quarter ended December 2006. Sales rose 41.24% to Rs 247.61 crore in the quarter ended December 2007 as against Rs 175.31 crore during the previous quarter ended December 2006.
Ansal Housing & Construction net profit rises 25.48% in the December 2007 quarter
Net profit of Ansal Housing & Construction rose 25.48% to Rs 16.40 crore in the quarter ended December 2007 as against Rs 13.07 crore during the previous quarter ended December 2006. Sales rose 24.67% to Rs 70.00 crore in the quarter ended December 2007 as against Rs 56.15 crore during the previous quarter ended December 2006.
Bhagyanagar India net profit rises 36.34% in the December 2007 quarter
Net profit of Bhagyanagar India rose 36.34% to Rs 9.38 crore in the quarter ended December 2007 as against Rs 6.88 crore during the previous quarter ended December 2006. Sales rose 36.83% to Rs 64.76 crore in the quarter ended December 2007 as against Rs 47.33 crore during the previous quarter ended December 2006.
Madhucon Projects net profit rises 32.72% in the December 2007 quarter
Net profit of Madhucon Projects rose 32.72% to Rs 12.98 crore in the quarter ended December 2007 as against Rs 9.78 crore during the previous quarter ended December 2006. Sales rose 66.95% to Rs 201.17 crore in the quarter ended December 2007 as against Rs 120.50 crore during the previous quarter ended December 2006.
Pudumjee Agro Industries net profit rises 476.47% in the December 2007 quarter
L T Overseas net profit rises 25.85% in the December 2007 quarter
Net profit of L T Overseas rose 25.85% to Rs 9.30 crore in the quarter ended December 2007 as against Rs 7.39 crore during the previous quarter ended December 2006. Sales rose 24.74% to Rs 161.73 crore in the quarter ended December 2007 as against Rs 129.65 crore during the previous quarter ended December 2006.
Wheels India net profit rises 61.83% in the December 2007 quarter
Mold-Tek Technologies net profit rises 52.86% in the December 2007 quarter
Hotel Leela Venture net profit rises 54.18% in the December 2007 quarter
Net profit of Hotel Leela Venture rose 54.18% to Rs 54.98 crore in the quarter ended December 2007 as against Rs 35.66 crore during the previous quarter ended December 2006. Sales rose 44.37% to Rs 142.96 crore in the quarter ended December 2007 as against Rs 99.02 crore during the previous quarter ended December 2006.
Peninsula Land net profit rises 74.23% in the December 2007 quarter
Net profit of Peninsula Land rose 74.23% to Rs 37.86 crore in the quarter ended December 2007 as against Rs 21.73 crore during the previous quarter ended December 2006. Sales declined 64.09% to Rs 22.36 crore in the quarter ended December 2007 as against Rs 62.26 crore during the previous quarter ended December 2006.
Network 18 Media & Investments reports net profit of Rs 30.33 crore in the December 2007 quarter
AIA Engineering net profit rises 116.03% in the December 2007 quarter
Net profit of AIA Engineering rose 116.03% to Rs 31.67 crore in the quarter ended December 2007 as against Rs 14.66 crore during the previous quarter ended December 2006. Sales rose 59.46% to Rs 167.02 crore in the quarter ended December 2007 as against Rs 104.74 crore during the previous quarter ended December 2006.
Nagarjuna Construction Company net profit declines 11.71% in the December 2007 quarter
Net profit of Nagarjuna Construction Company declined 11.71% to Rs 39.64 crore in the quarter ended December 2007 as against Rs 44.90 crore during the previous quarter ended December 2006. Sales rose 11.40% to Rs 779.51 crore in the quarter ended December 2007 as against Rs 699.77 crore during the previous quarter ended December 2006.
Global Broadcast News reports net profit of Rs 1.79 crore in the December 2007 quarter
Balrampur Chini Mills reports net loss of Rs 0.06 crore in the December 2007 quarter
Royal Orchid Hotels net profit declines 7.29% in the December 2007 quarter
Madras Cements net profit rises 62.43% in the December 2007 quarter
Net profit of Madras Cements rose 62.43% to Rs 110.65 crore in the quarter ended December 2007 as against Rs 68.12 crore during the previous quarter ended December 2006. Sales rose 31.05% to Rs 512.38 crore in the quarter ended December 2007 as against Rs 390.99 crore during the previous quarter ended December 2006.
Bajaj Electricals net profit rises 90.15% in the December 2007 quarter
Net profit of Bajaj Electricals rose 90.15% to Rs 18.92 crore in the quarter ended December 2007 as against Rs 9.95 crore during the previous quarter ended December 2006. Sales rose 28.88% to Rs 365.13 crore in the quarter ended December 2007 as against Rs 283.30 crore during the previous quarter ended December 2006.
Adlabs Films net profit declines 6.65% in the December 2007 quarter
Kohinoor Foods net profit rises 3.11% in the December 2007 quarter
Net profit of Kohinoor Foods rose 3.11% to Rs 8.29 crore in the quarter ended December 2007 as against Rs 8.04 crore during the previous quarter ended December 2006. Sales declined 14.16% to Rs 155.90 crore in the quarter ended December 2007 as against Rs 181.62 crore during the previous quarter ended December 2006.
Unichem Laboratories net profit declines 21.22% in the December 2007 quarter
Net profit of Unichem Laboratories declined 21.22% to Rs 15.11 crore in the quarter ended December 2007 as against Rs 19.18 crore during the previous quarter ended December 2006. Sales rose 5.93% to Rs 139.11 crore in the quarter ended December 2007 as against Rs 131.32 crore during the previous quarter ended December 2006.
CEAT net profit rises 63.16% in the December 2007 quarter
Net profit of CEAT rose 63.16% to Rs 19.22 crore in the quarter ended December 2007 as against Rs 11.78 crore during the previous quarter ended December 2006. Sales rose 5.11% to Rs 564.11 crore in the quarter ended December 2007 as against Rs 536.66 crore during the previous quarter ended December 2006.
Indus Fila net profit rises 61.20% in the December 2007 quarter
Net profit of Indus Fila rose 61.20% to Rs 12.09 crore in the quarter ended December 2007 as against Rs 7.50 crore during the previous quarter ended December 2006. Sales rose 60.43% to Rs 124.22 crore in the quarter ended December 2007 as against Rs 77.43 crore during the previous quarter ended December 2006.
Hindustan Dorr-Oliver net profit rises 58.36% in the December 2007 quarter
IL & FS Investsmart net profit declines 68.99% in the December 2007 quarter
Lakshmi Machine Works net profit rises 30.88% in the December 2007 quarter
Net profit of Lakshmi Machine Works rose 30.88% to Rs 58.45 crore in the quarter ended December 2007 as against Rs 44.66 crore during the previous quarter ended December 2006. Sales rose 14.99% to Rs 535.21 crore in the quarter ended December 2007 as against Rs 465.43 crore during the previous quarter ended December 2006.
Ashapura Minechem net profit rises 16.79% in the December 2007 quarter
Net profit of Ashapura Minechem rose 16.79% to Rs 36.94 crore in the quarter ended December 2007 as against Rs 31.63 crore during the previous quarter ended December 2006. Sales rose 84.36% to Rs 355.89 crore in the quarter ended December 2007 as against Rs 193.04 crore during the previous quarter ended December 2006.
Indraprastha Gas net profit rises 26.89% in the December 2007 quarter
Net profit of Indraprastha Gas rose 26.89% to Rs 45.02 crore in the quarter ended December 2007 as against Rs 35.48 crore during the previous quarter ended December 2006. Sales rose 14.30% to Rs 182.73 crore in the quarter ended December 2007 as against Rs 159.87 crore during the previous quarter ended December 2006.
Karuturi Networks net profit declines 10.99% in the December 2007 quarter
MSK Projects India net profit rises 43.41% in the December 2007 quarter
SREI Infrastructure Finance net profit rises 58.26% in the December 2007 quarter
Net profit of SREI Infrastructure Finance rose 58.26% to Rs 28.36 crore in the quarter ended December 2007 as against Rs 17.92 crore during the previous quarter ended December 2006. Sales rose 85.65% to Rs 173.56 crore in the quarter ended December 2007 as against Rs 93.49 crore during the previous quarter ended December 2006.
Tide Water Oil Co (I) net profit rises 342.86% in the December 2007 quarter
Harrisons Malayalam net profit declines 44.78% in the December 2007 quarter
Lakshmi Vilas Bank net profit rises 23.23% in the December 2007 quarter
Paramount Communications net profit declines 16.08% in the December 2007 quarter
Kernex Microsystems India net profit rises 16.67% in the December 2007 quarter
Birla Power Solutions net profit rises 2.14% in the December 2007 quarter
Crest Animation Studios net profit rises 140.91% in the December 2007 quarter
Source: www.capitalmarket.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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