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Titan Industries Limited, the Bangalore-based watch and jewellery arm of Tata Group, has reported a 41 per cent jump in its net profit at Rs 46.04 crore for the quarter ended June 30, compared with last fiscal. read more »
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Commercial vehicle major Ashok Leyland has reported 84.6 per cent dip in the net profit during the quarter ended June 30, 2009 to Rs 7.77 crore compared with Rs 50.56 crore in the same quarter last year. Net sales dropped to Rs 912.45 crore from Rs 1,887.98 crore last year. read more »
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Beating market expectations, fast-moving consumer goods (FMCG) player Godrej Consumer Products (GCPL) registered a consolidated net profit increase of 78 per cent for the quarter ended June 30, 2009, to Rs 70 crore, compared with Rs 39 crore in the corresponding quarter of the previous financial year. read more »
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Eveready Industries India has recorded a profit after tax of Rs 16.05 crore for the quarter ended June 30, 2009, an increase of 415 per cent on the back of a four per cent gain in margins and excise duty benefit. Profit before tax increased 444 per cent to Rs 15.14 crore.Net sales increased six per cent to Rs 232.37 crore. Deepak Khaitan, executive vice chairman and managing director, Eveready said, the outlook for the next quarter was good. read more »
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Global technology company Moser Baer has settled a patent and licence dispute with global electronics giant Philips. The two companies have signed a confidential settlement agreement, ending a series of disputes in multiple jurisdictions pertaining to recordable CDs and DVDs. read more »
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Foreign exchange losses of Rs 22 crore in the quarter ate into the profits of Delhi-based NIIT Technologies, which posted a profit after tax (PAT) of Rs 26.3 crore for the fourth quarter ended 31 March, 2009, down 15 per cent from Rs 31 crore in the corresponding quarter last year. read more »
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Real estate company Sobha Developers net profit has more than halved for the 2009 financial year, as property sales dipped sharply in the country, leading to dropping revenues and profits. read more »
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Visaka Industries Limited, a Hyderabad based company engaged in manufacturing of cement asbestos products, synthetic blended yarn and garments, reported a net profit of Rs 8.04 crore for the fourth quarter ended March 31, 2009, as compared with Rs 3.78 crore in the corresponding quarter the previous year, reflecting an increase of 112.69 per cent. Turnover grew 48.41 per cent to Rs 159.69 crore, as against Rs 107.60 crore. read more »
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Public sector UCO Bank has posted a 19 per cent growth in net profit at Rs 102.56 crore during the fourth quarter of the last financial year compared with Rs 85.99 crore in the corresponding period last year. read more »
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Indias largest business process outsourcing (BPO) firm, Genpact, posted a net income of $30 million (Rs 147 crore) for the first quarter ended March 31, 2009, up 52 per cent from $19.7 million (Rs 96.5 crore) in the corresponding quarter last year. read more »
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Allahabad Bank On Monday said its net profit rose 55.80 per cent to Rs 264.09 during the fourth quarter of 2008-09, as against Rs 169.51 crore during the corresponding period in the previous year. read more »
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Karnataka Vikas Grameena Bank (KVGB) has reported a net profit of Rs 37.68 crore for the year ended March 31, 2009. Its operating profit for the year stood at Rs 65.63 crore. The Banks reserves have risen to Rs 528.71 crore. read more »
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Puravankara Projects Limited, a Bangalore-based real estate developer, has posted 80 per cent drop in its fourth quarter net profit to Rs 14.5 crore from Rs 72.7 crore for the corresponding quarter of last fiscal. read more »
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Zandu Pharmaceuticals has reported a seven-fold increase in net profit to Rs 7 crore for the quarter ended March 31, 2009, up from Rs 1 crore in the corresponding previous quarter. read more »
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Bartronics India Ltd, a Hyderabad-based provider of automatic identification and data capture and radio frequency identification solutions, saw 52.53 per cent decline in net profit to Rs 9.56 crore for the fourth quarter ended March 31, 2009, from Rs 20.14 crore in the corresponding quarter last year. read more »