Tuesday, July 31, 2007

Ingersoll Rand Announces Q1 Results

Ingersoll Rand India Ltd has announced the following Unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit of Rs 1589.00 million for the quarter ended June 30, 2007 as compared to Rs 83.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1198.70 million for the quarter ended June 30, 2006 to Rs 1311.30 million for the quarter ended June 30, 2007.

Hinduja TMT Announces Q1 Results

Hinduja TMT Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 112.025 million for the quarter ended June 30, 2007 where as the same was at Rs 1670.533 million for the quarter ended June 30, 2006. Total Income is Rs 161.725 million for the quarter ended June 30, 2007 where as the same was at Rs 2850.106 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows:

The Group has posted a profit after minority interest of Rs 140.851 million for the quarter ended June 30, 2007. Total Income is Rs 606.962 million for the quarter ended June 30, 2007.

The above results of the current quarter are not comparable with those of the corresponding previous quarter in view of the demerger of IT / ITES undertaking of the Company w.e.f. October 01, 2006 (appointed date) pursuant to the Scheme of Arrangement and Reconstruction sanctioned by Honourable High Court of Judicature at Bombay and made effective on March 07, 2007. Further, in accordance with the aforesaid Scheme, the issued, subscribed and paid-up Equity Share Capital of the Company was reduced to Rs 205.380 million.

Monday, July 30, 2007

Firstsource Reports 232% Growth In Q1 Profit

MUMBAI: Business process outsourcing firm Firstsource Solutions registered a 232 per cent growth in profit after tax at Rs 44 crore in the first quarter ended June 30, against the same period last fiscal. Total income was Rs 282 crore for the quarter, up 75 per cent over the corresponding period last year. The sequential revenue and profit, however, have been modest with the respective figures witnessing a increase of two per cent and 27 per cent during the June quarter over the previous quarter. Although the company has been on a hiring spree with number of employees increasing from 8,350 in March 2006 to 15,314 in June 2007, the attrition rate was also high at 51 per cent. Firstsource, a pure play BPO unit originally promoted by ICICI Bank, gives customised services to global leaders in banking and finance, telecom, media and healthcare sector.

RIL Q1 Net Up 28% At Rs 3,264 Cr

Reliance Industries reported a 28 per cent increase in net profit to Rs 3,264 crore for the first quarter ended June 30, 2007. It was Rs 2,547 crore for the corresponding period a year ago. While operating profit for the quarter increased by 22 per cent to Rs 4,237 crore net operating margins has seen a rise of 18.5 per cent. Earning per share stood at Rs 23. While our existing businesses continue to deliver a robust operating performance, our new initiatives provide us a platform to deliver superior shareholder returns in the future, Reliance Industries CMD Mukesh D. Ambani said. Other income was higher at Rs 105 crore against Rs 44 crore primarily on account of increase in interest income on surplus funds. Interest costs were also higher by 8 per cent at Rs 288 crore on account of increased borrowings.

Saturday, July 28, 2007

GMR Infrastructure Announces Q1 Results

GMR Infrastructure Ltd has announced the following Unaudited results for the quarter ended June 30, 2007:The Company has posted a net profit after tax of Rs 7.30 million for the quarter ended June 30, 2007 as compared to net loss of Rs 90.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2.30 million for the quarter ended June 30, 2006 to Rs 70.70 million for the quarter ended June 30, 2007.The Consolidated results are as follows:The Group has posted a net profit after Minority interest of Rs 464.10 million for the quarter ended June 30, 2007 as compared to Rs 466.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4109.50 million for the quarter ended June 30, 2006 to Rs 4957.60 million for the quarter ended June 30, 2007.

Gujarat Industries Announces Q1 Results

Gujarat Industries Power Company Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007:

The Company has posted a Profit after tax of Rs 377.70 million for the quarter ended June 30, 2007 as compared to Rs 699.00 million for the quarter ended June 30, 2006. Total Income has decreased from Rs 2336.10 million for the quarter ended June 30, 2006 to Rs 2223.50 million for the quarter ended June 30, 2007.

Friday, July 27, 2007

ITC Announces Q1 Results

ITC Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 7828.70 million for the quarter ended June 30, 2007 as compared to Rs 6522.80 million for the quarter ended June 30, 2006. Total Income has increased from Rs 29346.90 million for the quarter ended June 30, 2006 to Rs 34268.00 million for the quarter ended June 30, 2007.

Tata Power Announces Q1 Results

Tata Power Company Ltd has announced the following Audited results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 1902.00 million for the quarter ended June 30, 2007 as compared to Rs 1218.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 14093.70 million for the quarter ended June 30, 2006 to Rs 15799.40 million for the quarter ended June 30, 2007.

Lanco Infratech Announces Q1 Results

Lanco Infratech Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007:

The Company has posted a profit after taxation of Rs 169.91 million for the quarter ended June 30, 2007 where as the same was at Rs 183.78 million for the quarter ended June 30, 2006. Total Income is Rs 1568.50 million for the quarter ended June 30, 2007 where as the same was at Rs 1016.99 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows:

The Group has posted a profit after tax, minority & share of profits of associates of Rs 512.88 million for the quarter ended June 30, 2007 where as the same was at Rs 42.63 million for the quarter ended June 30, 2006. Total Income is Rs 6032.79 million for the quarter ended June 30, 2007 where as the same was at Rs 2546.64 million for the quarter ended June 30, 2006.

During the year ended March 31, 2007 the Company had consolidated certain group entities engaged in the business of Power, Construction and Property Development under its management. Consequently, these Companies have become its subsidiaries / associates. Hence, the consolidated results for the current period are not fully comparable with those of the corresponding period of the previous year.

Thursday, July 26, 2007

Suzlon Energy Announces Q1 Results

Suzlon Energy Ltd has announced the following Unaudited Results for the quarter ended June 30, 2007

The Company has posted a net profit of Rs 894.00 million for the quarter ended June 30, 2007 where as the same was at Rs 1936.00 million for the quarter ended June 30, 2006. Total Income is Rs 8629.00 million for the quarter ended June 30, 2007 where as the same was at Rs 9467.00 million for the quarter ended June 30, 2006.

Effective April 01, 2007. the Company has commenced commissioning and installation of WTGs through a subsidiary Company, which earlier was done in an associate Company. Certain related assets of the promoter Company pertaining to this business have been transferred to the subsidiary. To that extent, the figures for the quarter ended June 30, 2007 are not comparable with prior periods presented.

The Consolidated Results are as follows:

The Group has posted a net profit after minority interest of Rs 188.90 million for the quarter ended June 30, 2007 where as the same was at Rs 952.70 million for the quarter ended June 30, 2006. Total Income is Rs 19872.70 million for the quarter ended June 30, 2007 where as the same was at Rs 10850.40 million for the quarter ended June 30, 2006.

Bharti Airtel Announces Q1 Results

Bharti Airtel Ltd has announced the following Audited results for the quarter ended June 30, 2007:

The Company has posted a net profit after tax of Rs 14129.20 million for the quarter ended June 30, 2007 as compared to Rs 8143.80 million for the quarter ended June 30, 2006. Total Revenue has increased from Rs 37005.60 million for the quarter ended June 30, 2006 to Rs 56914.50 million for the quarter ended June 30, 2007.

The Consolidated results as per Indian Generally Accepted Accounting Principles (IGAAP) are as follows:

The Group has posted a profit for the period of Rs 14242.20 million for the quarter ended June 30, 2007 as compared to Rs 8313.90 million for the quarter ended June 30, 2006. Total Income has increased from Rs 38154.90 million for the quarter ended June 30, 2006 to Rs 58735.20 million for the quarter ended June 30, 2007.

The Consolidated results as per United States Generally Accepted Accounting Principles (US GAAP) are as follows:

The Group has posted a net income of Rs 15116.00 million for the quarter ended June 30, 2007 as compared to Rs 7550.90 million for the quarter ended June 30, 2006. Total Revenues has increased from Rs 38563.60 million for the quarter ended June 30, 2006 to Rs 59046.00 million for the quarter ended June 30, 2007.

The figures for the quarter ended June 30, 2006 Consolidated results as per United States Generally Accepted Accounting Principles (US GAAP) are Unaudited.

Wednesday, July 25, 2007

Pidilite Industries Announces Q1 Results

Pidilite Industries Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit of Rs 580 million for the quarter ended June 30, 2007 as compared to Rs 379 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 2942 million for the quarter ended June 30, 2006 to Rs 3784 million for the quarter ended June 30, 2007.

Ispat Industries Announces Q1 Results

Ispat Industries Ltd has announced the following Unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit of Rs 83.70 million for the quarter ended June 30, 2007 as compared to a net loss of Rs 1114.90 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 16804.10 million for the quarter ended June 30, 2006 to Rs 18592.60 million for the quarter ended June 30, 2007.

Tuesday, July 24, 2007

Bharat Forge Announces Q1 Results

Bharat Forge Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 648.13 million for the quarter ended June 30, 2007 as compared to Rs 515.15 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 4438.21 million for the quarter ended June 30, 2006 to Rs 5502.17 million for the quarter ended June 30, 2007.

The Consolidated results are as follows:

The Group has posted a net profit after tax of Rs 804.31 million for the quarter ended June 30, 2007 as compared to Rs 736.15 million for the quarter ended June 30, 2006. Total Income has increased from Rs 10114.53 million for the quarter ended June 30, 2006 to Rs 11152.92 million for the quarter ended June 30, 2007.

Monday, July 23, 2007

Dabur India Announces Q1 Results

Dabur India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007:

The Company has posted a net profit of Rs 540.60 million for the quarter ended June 30, 2007 as compared to Rs 458.40 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3930.50 million for the quarter ended June 30, 2006 to Rs 4510.40 million for the quarter ended June 30, 2007.

The Consolidated results are as follows:

The Group has posted a net profit after minority interest of Rs 622.20 million for the quarter ended June 30, 2007 as compared to Rs 482.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 4807.90 million for the quarter ended June 30, 2006 to Rs 5785.90 million for the quarter ended June 30, 2007.

FACT Announces Q1 Results

Fertilizers & Chemicals Travancore Ltd (FACT) has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a net loss of Rs 463.60 million for the quarter ended June 30, 2007 as compared to net loss of Rs 568.00 million for the quarter ended June 30, 2006. Total Income has increased from Rs 2583.70 million for the quarter ended June 30, 2006 to Rs 3289.10 million for the quarter ended June 30, 2007.

Saturday, July 21, 2007

Cipla Announces Q1 Results

Cipla Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit after tax of Rs 1197.60 million for the quarter ended June 30, 2007 as compared to Rs 1704.30 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 8820.50 million for the quarter ended June 30, 2006 to Rs 9203.70 million for the quarter ended June 30, 2007.

Friday, July 20, 2007

Satyam Computer Announces Q1 Results

Satyam Computer Services Ltd has announced the following Audited results for the quarter ended June 30, 2007:

The Company has posted a profit after taxation of Rs 3891.40 million for the quarter ended June 30, 2007 as compared to Rs 3600.90 million for the quarter ended June 30, 2006. Total Income has increased from Rs 14612.40 million for the quarter ended June 30, 2006 to Rs 18209.30 million for the quarter ended June 30, 2007.

The Unaudited Consolidated results as per Indian GAAP are as follows:

The Group has posted a Profit after taxation & minority interest as per Indian GAAP of Rs 3783.20 million for the quarter ended June 30, 2007 as compared to Rs 3541.20 million for the quarter ended June 30, 2006. Total Income has increased from Rs 15174.10 million for the quarter ended June 30, 2006 to Rs 18933.90 million for the quarter ended June 30, 2007.

The Unaudited Consolidated results as per US GAAP are as follows:

The Group has posted a Net Income of $ 93.1 million for the quarter ended June 30, 2007 as compared to $ 75.5 million for the quarter ended June 30, 2006. Revenues have increased from $ 322.5 million for the quarter ended June 30, 2006 to $ 452.3 million for the quarter ended June 30, 2007.

ICI India Announces Q1 Results

ICI India Ltd has announced the following unaudited Results for the quarter ended June 30, 2007

The Company has posted a net profit after taxation of Rs 228.80 million for the quarter ended June 30, 2007 where as the same was at Rs 181.60 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 2398.70 million for the quarter ended June 30, 2007 where as the same was at Rs 2367.20 million for the quarter ended June 30, 2006.

The figures for the quarter are not directly comparable with those for the corresponding period of the previous year mainly in view of divestment of Uniqema business in August 2006. During the quarter, sales from continuing businesses were up by 15%, and segment profit increased by 29%.

Thursday, July 19, 2007

TNPL Announces Q1 Results

Tamil Nadu Newsprint & Papers Ltd (TNPL) has announced the following Un-Audited results for the quarter ended June 30, 2007:

The Company has posted a profit after tax of Rs 237.30 million for the quarter ended June 30, 2007 as compared to Rs 188.10 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1837.00 million for the quarter ended June 30, 2006 to Rs 2191.10 million for the quarter ended June 30, 2007.

Wednesday, July 18, 2007

Aventis Pharma Announces Q2 Results

Aventis Pharma Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit of Rs 373 million for the quarter ended June 30, 2007 as compared to Rs 439 million for the quarter ended June 30, 2006. Total Income (net of excise) has increased from Rs 2328 million for the quarter ended June 30, 2006 to Rs 2484 million for the quarter ended June 30, 2007.

Tuesday, July 17, 2007

TCS Announces Q1 Results

Tata Consultancy Services Ltd (TCS) has announced the following Audited Results for the quarter ended June 30, 2007

The Company has posted a profit after taxes of Rs 10738.50 million for the quarter ended June 30, 2007 where as the same was at Rs 7966.90 million for the quarter ended June 30, 2006. Total Income is Rs 43357.40 million for the quarter ended June 30, 2007 where as the same was at Rs 34328.50 million for the quarter ended June 30, 2006.

The Consolidated Results are as follows:

The Group has posted a net profit for the period of Rs 12029.30 million for the quarter ended June 30, 2007 where as the same was at Rs 8826.60 million for the quarter ended June 30, 2006. Total Income is Rs 53646.70 million for the quarter ended June 30, 2007 where as the same was at Rs 42256.20 million for the quarter ended June 30, 2006.

Geometric Software Announces Q1 Results

Geometric Software Solutions Company Ltd has announced the following Audited results for the quarter ended June 30, 2007:

The Company has posted a net profit after taxes of Rs 89.43 million for the quarter ended June 30, 2007 as compared to Rs 63.04 million for the quarter ended June 30, 2006. Total Income has increased from Rs 412.84 million for the quarter ended June 30, 2006 to Rs 513.90 million for the quarter ended June 30, 2007.

The Consolidated results are as follows:The Group has posted a net profit after minority interest of Rs 116.54 million for the quarter ended June 30, 2007 as compared to Rs 63.44 million for the quarter ended June 30, 2006. Total Income has increased from Rs 691.57 million for the quarter ended June 30, 2006 to Rs 1264.35 million for the quarter ended June 30, 2007.

Merck Announces Q2 Results

Merck Ltd has announced the following Un-Audited Results for the quarter ended June 30, 2007.The Company has posted a Net Profit of Rs 163.146 million for the quarter ended June 30, 2007 where as the same was at Rs 842.364 million for the quarter ended June 30, 2006. Total Income (Net of Excise) is Rs 911.906 million for the quarter ended June 30, 2007 where as the same was at Rs 870.127 million for the quarter ended June 30, 2006.The figures for the previous year / quarter are not comparable, due to sale of Life Science & Analytics (excluding Bulk Drugs) business w.e.f. April 01, 2006.

Monday, July 16, 2007

Jaiprakash Associates Announces Q1 Results

Jaiprakash Associates Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a net profit after tax of Rs 1400 million for the quarter ended June 30, 2007 as compared to Rs 920 million for the quarter ended June 30, 2006. Total Income has increased from Rs 9240 million for the quarter ended June 30, 2006 to Rs 10050 million for the quarter ended June 30, 2007.

Friday, July 13, 2007

UTI Bank Announces Q1 Results

UTI Bank Ltd has announced the following unaudited results for the quarter ended June 30, 2007:The Bank has posted a net profit of Rs 1749.80 million for the quarter ended June 30, 2007 as compared to Rs 1205.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 11544.00 million for the quarter ended June 30, 2006 to Rs 18792.90 million for the quarter ended June 30, 2007.

Thursday, July 12, 2007

Bajaj Auto Announces Q1 Results

Bajaj Auto Ltd has announced the following unaudited results for the quarter ended June 30, 2007:

The Company has posted a profit after prior period adjustments of Rs 2264.70 million for the quarter ended June 30, 2007 as compared to Rs 2660.10 million for the quarter ended June 30, 2006. Total Income (net of excise) has decreased from Rs 22972.20 million for the quarter ended June 30, 2006 to Rs 22118.00 million for the quarter ended June 30, 2007.

The Consolidated results are as follows:

Income attributable to consolidated group of Rs 2011.50 million for the quarter ended June 30, 2007 as compared to Rs 2557.70 million for the quarter ended June 30, 2006. Net sales / Income from operations has decreased from Rs 22942.80 million for the quarter ended June 30, 2006 to Rs 22064.30 million for the quarter ended June 30, 2007.

CPCL Announces Q1 Results

Chennai Petroleum Corporation Ltd (CPCL) has announced the following unaudited results for the quarter ended June 30, 2007:The Company has posted a net profit of Rs 3231.50 million for the quarter ended June 30, 2007 as compared to Rs 2545.80 million for the quarter ended June 30, 2006. Total Income (net of excise) has decreased from Rs 64710.10 million for the quarter ended June 30, 2006 to Rs 62299.70 million for the quarter ended June 30, 2007.

Wednesday, July 11, 2007

Infosys Technologies Announces Q1 Results

Infosys Technologies Ltd has announced the following Audited results for the quarter ended June 30, 2007:The Company has posted a net profit after tax & exceptional items of Rs 10280 million for the quarter ended June 30, 2007 as compared to Rs 8050 million for the quarter ended June 30, 2006. Total Income has increased from Rs 29960 million for the quarter ended June 30, 2006 to Rs 38060 million for the quarter ended June 30, 2007.The Consolidated results are as follows:The Group has posted a net profit after tax, exceptional items and minority interest of Rs 10790 million for the quarter ended June 30, 2007 as compared to Rs 8000 million for the quarter ended June 30, 2006. Total Income has increased from Rs 31430 million for the quarter ended June 30, 2006 to Rs 40260 million for the quarter ended June 30, 2007.

iGate Global Announces Q1 Results

iGate Global Solutions Ltd has announced the following Audited results for the quarter ended June 30, 2007:The Company has posted a net loss of Rs 4.90 million for the quarter ended June 30, 2007 as compared to net loss of Rs 35.10 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1638.50 million for the quarter ended June 30, 2006 to Rs 1853.60 million for the quarter ended June 30, 2007.The Consolidated results are as follows:The Group has posted a net profit for the period after Minority Interest of Rs 143.10 million for the quarter ended June 30, 2007 as compared to Rs 10.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1814.90 million for the quarter ended June 30, 2006 to Rs 2008.40 million for the quarter ended June 30, 2007.Better realized rates, higher utilization and increased offshore leverage helped us nearly double the operating margins in Q1FY08 compared to Q1FY07 despite a stronger Rupee said Phaneesh Murthy, CEO, of the Company.

Monday, July 2, 2007

IPCL Announces Q4 & FY 07 Results

Indian Petrochemicals Corporation Ltd (IPCL) has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 180 million for the quarter ended March 31, 2007 as compared to Rs 3210 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 29500 million for the quarter ended March 31, 2006 to Rs 30570 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 10320 million for the year ended March 31, 2007 as compared to Rs 11640 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 110690 million for the year ended March 31, 2006 to Rs 124330 million for the year ended March 31, 2007.

GMR Infrastructure Announces Q4 & FY 07 Results

GMR Infrastructure Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit after tax of Rs 123.70 million for the quarter ended March 31, 2007 where as the same was at Rs 482.60 million for the quarter ended March 31, 2006. Total Income is Rs 227.50 million for the quarter ended March 31, 2007 where as the same was at Rs 522.50 million for the quarter ended March 31, 2006.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit after tax of Rs 28.80 million for the year ended March 31, 2007 where as the same was at Rs 355.50 million for the year ended March 31, 2006. Total Income is Rs 341.30 million for the year ended March 31, 2007 where as the same was at Rs 608.30 million for the year ended March 31, 2006.

Aurobindo Pharma Announces Q4 & FY 07 Results

Aurobindo Pharma Ltd has announced the following results for the quarter & year ended March 31, 2007:The Unaudited results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 781.10 million for the quarter ended March 31, 2007 where as the same was at Rs 375.30 million for the quarter ended March 31, 2006. Total Income is Rs 5479.90 million for the quarter ended March 31, 2007 where as the same was at Rs 4694.20 million for the quarter ended March 31, 2006.The Audited results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 2290.80 million for the year ended March 31, 2007 where as the same was at Rs 693.70 million for the year ended March 31, 2006. Total Income is Rs 20228.50 million for the year ended March 31, 2007 where as the same was at Rs 14825.30 million for the year ended March 31, 2006.