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Tuesday, October 31, 2006
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CORPORATE RESULTS

DIVERSIFIED
Godrej Ind clocks Rs 12.64-cr net
Godrej Industries Ltd has seen a flat growth in profit for the quarter ended September 30. The company clocked a profit after tax (PAT) of Rs 12.64 crore for the quarter under review, as compared to Rs 12.57 crore for the corresponding period in ... More

Tata Chem net up 25%
Tata Chemicals has reported a 25 per cent increase in net profit at Rs 157.7 crore (Rs 125.9 crore) for the second quarter ended September 30, 2006. This is on net sales of Rs 1,126 crore, which is 13 per cent higher than a year ago. "We ... More

ITC net profit grows 18.7%
Foods, agri-biz, hotels drive growth in second quarter More

TELECOMMUNICATIONS
Reliance Comm posts Rs 702-cr net in Q2
Revenues for the quarter grew 40 pc More

AIRLINES
Deccan Aviation Q1 net loss at Rs 42 cr
Attributes it to high aircraft fuel expense, direct operating expenses More

CEMENT
Birla Corp net up at Rs 67.54 cr
Birla Corporation Ltd has posted 35 per cent growth in turnover at Rs 417.06 crore in the second quarter of the current fiscal over Rs 309.58 crore in the same period of previous year. The profit after tax at Rs 67.54 crore (Rs 18.16 crore) ... More

Madras Cements Q2 net quadruples
Madras Cements' net profit has quadrupled to Rs 90.07 crore on net sales of Rs 407.25 crore for the second quarter ended September. During the corresponding previous period, the company had reported net profit of Rs 18.81 crore on net sales of ... More

CHEMICALS
GHCL Q3 net sales up 17 pc
Gujarat Heavy Chemicals Ltd (GHCL) has seen its income go up by 31 per cent, operating profit by 29 per cent and profit after tax (PAT) by 28 per cent in the first nine months of the year ending September 30. In a press release here, the ... More

PETROLEUM
MRPL net profit drops to Rs 9 cr
Discounts on LPG, kerosene impact bottomline More

GAIL Q2 net down 42 pc, turnover rises marginally
Higher subsidy, floods at Hazira hit profitability More

PHARMACEUTICALS
GSK Pharma net falls 7%
Sale of animal health business, vaccines shortage behind dip More

Aurobindo Pharma posts higher net
Aurobindo Pharma Ltd has reported its highest ever revenue and net profit for the second quarter of the current fiscal ended September 2006. It posted a turnover of Rs 506.7 crore during the quarter under review as against Rs 327.1 crore in ... More

POWER
NTPC profit up 26.6%
NTPC Ltd declared an increase of 26.6 per cent in its net profit to Rs 1,473 crore for the quarter ended September 30 compared with Rs 1,163 crore for the same quarter in the previous year. The company's revenues for the quarter increased to ... More

SHIPPING
Varun Shipping Q2 net up at Rs 45 cr
Varun Shipping has reported a net profit of Rs 45.52 crore for the second quarter of the current fiscal against Rs 43.36 crore in the corresponding quarter last fiscal. During the quarter, the company's income was Rs 204.87 crore (Rs 146.24 ... More

STEEL
SAIL net up 28% in Q2
Accords in-principle nod for 5 new projects More

Monnet Ispat plans special purpose vehicle
Monnet Ispat & Energy Ltd (MIEL), formerly Monnet Ispat Ltd, is planning to create an SPV for its proposed power and steel projects in Orissa. Mr Suneet Jajodia, Vice-Chairman and MD of the company, told Business Line on Monday that the ... More

Tata Steel Q2 net rises to Rs 1,101 cr
Despite softening steel prices, spiralling raw materials cost More

Jindal Steel net up 8 pc in Q2
Jindal Steel & Power Ltd (JSPL) on Monday reported a net profit after tax of Rs 157.23 crore for the July-September quarter marking an improvement of 8 per cent compared with Rs 145.53 crore in the corresponding period last fiscal. Net sales ... More

TEA
Parry Agro net up at Rs 31.9 cr
Parry Agro Industries Ltd has more than doubled its net profit to Rs 31.89 crore on sales of Rs 22.35 crore for the second quarter ended September 30, 2006. During the corresponding period in the previous year, the company ... More

CARS
Tata Motors Q2 net up 31%
Net income from operations rises 37 pc More

AUTOMOBILE COMPONENTS
Amara Raja PAT up at Rs 12.7 cr
Amara Raja Batteries Ltd has reported a profit after tax of Rs 12.7 crore on net sales of Rs 132 crore for the quarter ended September 30. In the same period the previous year, the company reported a net profit of Rs 4.58 crore on net sales of Rs ... More

AIR-CONDITIONERS & REFRIGERATORS
Blue Star Q2 net rises 58.75 pc
Central air-conditioning and commercial refrigeration major Blue Star has reported a 32.31 per cent rise in total income at Rs 376.72 crore (Rs 284.72 crore) for the quarter ended September 30. Net profit grew 58.75 per cent to Rs 18.40 crore (Rs ... More

ELECTRICAL GOODS
ABB net rises 55%; order book rise 48%
Rides on health order backlog, new revenue streams More

FOODS & FOOD PROCESSING
Heritage Foods to launch pilot stores in November
Even as Reliance announced the launch of its retail pilot stores in Hyderabad on Sunday, Heritage Foods has said that it is opening its own pilot stores in November. "We are in advanced stage of launching the pilot store in Hyderabad in the ... More

REAL ESTATE & CONSTRUCTION
IVRCL net up 39%
IVRCL Infrastructures & Projects Ltd has reported a growth of 48 per cent in gross turnover, and 39.23 per cent in net profit for the second quarter of the current fiscal ended September 2006. As per the unaudited financial results, the ... More

SOFTWARE
Sasken Tech net at over Rs 11 cr
Sasken Communication Technologies has reported a 37 per cent rise in net profit at Rs 11.88 crore and a 29-per cent growth in revenues at Rs 117.55 crore for the quarter ended September 2006 over the previous quarter. The recently acquired ... More

Forex loss, tax charge dent MphasiS BFL net
The MphasiS BFL Group has reported a 54 per cent rise in consolidated net profit at Rs 23.4 crore for the quarter-ended September compared to Rs 15.2 crore in previous quarter. Consolidated revenues grew 12 per cent to Rs 291.9 crore compared ... More

PAINTS
Asian Paints Q2 net rises 27 pc; to pay Rs 5.50 interim
Asian Paints has reported a net profit of Rs 77.56 crore (Rs 61.17 crore) on a stand-alone basis for the quarter ended September 30, a 26.79 per cent rise over the corresponding period of the previous year. Net sales increased by 30.28 per cent ... More

PRIVATE BANKS
YES Bank Q2 net up 50 pc
YES Bank has reported a 50.8 per cent growth in net profit for the second quarter ending September at Rs 21.49 crore (Rs 14.25 crore). Total income increased by 182 per cent to Rs 166.01 crore (Rs 58.82 crore) while total expenditure went up ... More

PUBLIC SECTOR BANKS
Oriental Bank's Q2 net up 51 pc after GTB write-offs
`Operating profit growth has suffered because of a Rs 38 cr fall in treasury income during the first half.' More

Robust interest income lifts IOB net 25 pc
Aims at Rs 1.2-cr biz target; to mobilise retail deposits, increase fee income More

Indian Bank net grows 60 pc
Indian Bank has posted a 60 per cent rise in net profit at Rs 169.19 crore (Rs 105.57 crore) for the quarter ended September 30. Total income increased to Rs 1,198.45 crore (Rs 941.47 crore). Net interest income was up by around 26 per cent to ... More

UCO keen to rejig capital
Net profit tad higher in Q2 More

PNB posts 20-pc rise in PAT; deposit costs down
Hike in PLR has helped improve profitability More

Syndicate Bank Q2 net rises 17%
Syndicate Bank on Monday reported a net profit of Rs 205 crore for the July-September quarter marking a 17 per cent increase over Rs 175 crore in the corresponding quarter last fiscal. Net profit for the first half stood at Rs 386 crore, up 14 ... More

RETAILING
Simone Tata steps down
Ms Simone N. Tata on Monday stepped down as Chairman, Trent Ltd. The company's board has appointed Mr Farrokh K. Kavarana, Director, as the new Chairman. Ms Tata guided Trent Ltd, established in 1998, first by acquiring the Littlewoods ... More






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Top Stories
Diffusion in use of ICT


White rice exports slow down on Pakistan factor

ABB net rises 55%; order book rise 48%

Banking, tech sectors lift Sensex above 13K-mark

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India-China border trade slow off the blocks

Oriental Bank's Q2 net up 51 pc after GTB write-offs

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Looking back
Oct. 22-Oct. 28
TVS Motor Q2 net drops 22.28%

Dr Reddy's Q2 net trebles on record sales

Bank of India net rises 61 pc on higher interest income



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