CORPORATE RESULTS
FINANCIAL SERVICES
Reliance Cap posts 220% jump in net
Mumbai, July 25 Reliance Capital Ltd reported a 220 per cent jump in net profit at Rs 513.77 crore for the quarter ended June 30, 2007 as against Rs 132.42 crore for the corresponding quarter in the previous year. The company’s total ...
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ENGINEERING
Thermax’s China, Vadodara units to begin operations soon
Company posts Q1 net profit of Rs 56 cr
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PETROCHEMICALS
Andhra Petro net rises
HYDERABAD: Andhra Petrochemicals Ltd’s net profit increased to Rs 11.72 crore (Rs 1.56 crore) in the first quarter ended June 30, 2007. Gross sales increased to Rs 73.78 crore (Rs 57.14 crore). The increase in profit was on ...
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PETROLEUM
ONGC Q1 net up 12%, turnover dips 6%
New Delhi, July 25 Better cost management and lower subsidy burden help push ONGC’s net profit up by 12 per cent during the first quarter of 2007-08. However, the company’s turnover was down by 6 per cent due to rupee appreciation ...
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Castrol India Q2 net rises 32%
Mumbai, July 25 Castrol India has said its second quarter net profit rose by 32 per cent driven by better margins that came from better price realisations as the company improved its product and customer mix.Net profit for the quarter ...
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Gulf Oil Q1 revenue, net up
Gulf Oil Corporation Ltd, a Hinduja group company, has recorded a net profit of Rs 5.32 crore and total sales of Rs 184.80 crore for the first quarter ended June 30, 2007. In the same quarter last fiscal, it registered a net profit of ...
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PHARMACEUTICALS
Wockhardt consolidated net up 62%
Mumbai, July 25 Wockhardt Ltd has posted a 62 per cent growth in its consolidated profit after tax, at Rs 102.4 crore for the quarter under review, compared with Rs 63.4 crore for the quarter ended June 30, 2006. With a presence in key ...
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Nicholas Piramal Q1 net slides 32%
Mumbai, July 25 Nicholas Piramal India Ltd (NIPL) saw a 32.6 per cent dip in net profit for the first quarter ended June 30, 2007. The company has posted a profit after tax of Rs 34.39 crore for the quarter under compared with Rs 51 crore in ...
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Unichem to set up SEZ in Madhya Pradesh
Mumbai, July 25 Unichem Laboratories Ltd is setting up a special economic zone (SEZ) at Pithampur, Madhya Pradesh, and is set to invest over Rs 50 crore in its first phase of its development. The company has leased about 27.5 acres of ...
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Elder Pharma net rises
MUMBAI: Elder Pharmaceuticals Ltd has posted a 15 per cent growth in net profit for the first quarter ended June 30, at Rs 15.08 crore (Rs 13.11 crore). Income stood at Rs 125.25 crore (Rs 108.39 crore). Elder’s international ...
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POWER
GVK Power nets Rs 13 cr in Q1
Hyderabad, July 25 GVK Power and Infrastructure Ltdhas recorded a turnover of Rs 99.50 crore with a profit of Rs 13.20 crore for the first quarter ended June 30, 2007 as against revenues of Rs 72.60 crore and a net profit of Rs 6.70 crore for ...
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STEEL
SAIL Q1 net up 10%; e-sales higher, debt down
Profit boost with techno-economic parameters, cost reduction
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TEXTILES
Bombay Dyeing proposes preferential issue
Net profit rises 21% at Rs 18 cr in June quarter
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HCV/LCV/TRACTORS
Eicher Motors Q1 net up 32%
New Delhi, July 25 Eicher Motors Ltd for the first quarter ended June 30 has reported a 32.18 per cent increase in net profit to Rs 11.13 crore (Rs 8.42 crore).The net sales for the quarter grew 21.19 to Rs 464.35 crore (Rs 383.13 ...
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ELECTRICAL GOODS
KEC Intl Q1 net jumps 74%
Mumbai, July 25 Power towers manufacturer KEC International Ltd has reported 73.83 per cent growth in net profits for the first quarter of FY-2008. The profits grew to Rs 25.31 crore from Rs 14.56 crore reported in the corresponding period ...
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SOFTWARE
GTL net slips 49.2%
Mumbai-based network services provider GTL Ltd has reported a 49.2 per cent decline in consolidated net profit at Rs 32.14 crore for the quarter ended June 30, against Rs 63.35 crore recorded for the same quarter last year. Though the ...
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IT TRAINING
Aptech Q2 net falls 13.5%
IT learning solutions provider Aptech Ltd has recorded a 13.5 per cent fall in net profit for the quarter ended June 2007 to Rs 6.35 crore as against Rs 7.32 crore reported in the year ago quarter. However, income from operations was up by 39.12 ...
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HOUSING FINANCE
HDFC net up 25.6% in Q1 on better spreads
Disbursement, approvals rise 29%
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PAINTS
Berger Paints PAT up 16%
Kolkata, July 25 According to unaudited financial results for the three months ended June 30, approved by the board of directors on Wednesday, Berger Paints India Ltd posted 16 per cent growth in profit after tax at Rs 19.9 crore (Rs 17.2 ...
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GLASS
Asahi India first-quarter net zooms 316%
Gross sales increase 32%
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TRADING
MMTC logs Rs 6,079-cr turnover in Q1
New Delhi, July 25 Public sector firm MMTC has logged the highest-ever first quarter turnover of Rs 6,079 crore, which is an 11 per cent rise compared with the corresponding quarter last year.The Chairman and Managing Director, MMTC, Mr ...
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PUBLIC SECTOR BANKS
Bank of India posts 51% growth in Q1 net
Boosted by increase in income, higher NPA recoveries
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PNB net up 15.7% despite dip in net interest margin
Bank aims at recoveries of Rs 1,000-cr NPA this fiscal
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Bank of Maharashtra profit rises 33.8%
Pune, July 25 Bank of Maharashtra has recorded a net profit of Rs 81.58 crore for the first quarter of the current fiscal as against Rs 60.96 crore in the corresponding period last year, registering a growth of 33.82 per cent. Total ...
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Interest income drives Canara Bank net profit
Repricing allowed to improve average yield on assets
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FINANCIAL INSTITUTIONS
IDFC net profit up 38% in first quarter
In co-financing pact with India Infra
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