Business Daily from THE HINDU group of publications
Wednesday, January 23, 2008
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CORPORATE RESULTS

DIVERSIFIED
Grasim Q3 net profit grows 35% at Rs 553 cr
Cement, VSF sales flat; caustic soda, steel output rises More

OUTSOURCING
Allsec income dips 15% at Rs 23 cr
Allsec Technologies has reported a 15.4 per cent dip in income from operations at Rs 23.01 crore for the quarter ended December 2007 compared to the corresponding quarter last fiscal, a press release said. The company registered a net loss of Rs ... More

AIRLINES
SpiceJet third quarter net dips to Rs 9.3 cr
New Delhi, Jan. 22 Low-cost airline SpiceJet has recorded a net profit of Rs 9.34 crore during the third quarter ending December last year down from Rs 12.3 crore recorded during the same period in the previous year.Addressing a press ... More

PHARMACEUTICALS
Patent-related payments, sales drive Lupin net profit
Mumbai, Jan. 22 Intellectual Property-related payment, coupled with good performance in the domestic and overseas markets of the US and European Union helped buoy Lupin’s net profit for the third quarter ended December 31, ... More

PLANTATIONS
Rehabilitation Plantations makes profit
Thiruvananthapuram, Jan. 22 Rehabilitation Plantations Ltd, a joint venture of Kerala Government and the Union Government, has made a profit before tax of Rs 6 crore in the third quarter of the current year. The authorised capital of ... More

AUTOMOBILE COMPONENTS
Rupee appreciation helps Amara Raja treble Q3 net
Chennai, Jan. 22 Amara Raja Batteries today reported a net profit of Rs 29.65 crore for the third quarter of the current year, which is more than three times its net profit for the same quarter last year — Rs 9.6 crore. Indeed, ... More

REAL ESTATE & CONSTRUCTION
Noida Toll Bridge net profit doubles
More

SOFTWARE
Tech Mahindra net up 19%
Improved utilization rates coupled with client additions and a one time gain in other income have enabled the Pune-based telecom solutions provider, Tech Mahindra to report a 19 per cent rise in net profit for the quarter ended December ... More

i-flex posts 4% fall in Q3 net
Mumbai, Jan 22 The city based i-flex solutions Ltd, which is majority owned by Oracle Corporation, recorded a 4 per cent dip in net profit for the quarter ended December 2007. The company’s net profit was down to Rs 106.7 crore, as ... More

Everonn net up at Rs 4.04 cr
Everonn Systems has reported consolidated revenues of Rs 29.82 crore for the quarter ended December 2007, up 30.32 per cent over the previous quarter ended September 2007, a press release said. Operating profit for the quarter grew 23.46 per cent ... More

GLASS
Asahi India posts loss of Rs 3.1 cr
Leading automotive glass company Asahi India’s standalone net sales surged 39.50 per cent at Rs 258.5 crore for the quarter ended December as against Rs 185.3 crore in the corresponding quarter last fiscal. However, the company declared a ... More

PACKAGING
Balmer Lawrie net rises 6%
Balmer Lawrie & Co Ltd has posted six per cent increase in net profit to Rs 19.99 crore during the third quarter of 2007-08. The profit growth has come on nine per cent increase in turnover from Rs 321 crore during the corresponding period of ... More

PUBLIC SECTOR BANKS
Bank of India Q3 net doubles on higher income
Windfall gains in treasury and substantial rise in interest income help More

Corporation Bank net at Rs 191 cr
Mangalore, Jan. 22 Corporation Bank has recorded a net profit of Rs 190.9 crore during the third quarter of the financial year as against Rs 146.42 crore in the corresponding period of the previous fiscal, registering a growth of 30.4 per ... More

Vijaya Bank redeems Rs 2,000-cr bulk deposits
Net up 37% in Q3 on improved interest income and treasury profits More

RETAILING
Pantaloon Retail net dips to Rs 31 cr
Pantaloon Retail has posted a 62.9 per cent increase in income from operations at Rs 1,226.75 crore (752.68 crore) for the quarter ended December 31. Net profit for the retailer has dipped from Rs 43.97 crore to Rs 31.65 crore. This was due to ... More






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Looking back
Jan. 13-Jan. 19
LIC Housing Finance Q3 net rises 38%

Capital gains from share sale lift IDBI Q3 net 39%

Reliance Energy Q3 profit up 50% on tax credit

Growth across segments boosts NPIL net 70%


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