skip to main |
skip to sidebar
Bharti Airtel Ltd has announced the following Audited results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 16191.50 million for the quarter ended September 30, 2007 as compared to Rs 8883.50 million for the quarter ended September 30, 2006. Total Revenue has increased from Rs 42129.80 million for the quarter ended September 30, 2006 to Rs 61185.30 million for the quarter ended September 30, 2007.The Consolidated results as per Indian Generally Accepted Accounting Principles (IGAAP) are as follows:The Group has posted a net profit of Rs 16437.60 million for the quarter ended September 30, 2007 as compared to Rs 8788.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 43630.30 million for the quarter ended September 30, 2006 to Rs 63867.30 million for the quarter ended September 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 16139.30 million for the quarter ended September 30, 2007 as compared to Rs 9338.20 million for the quarter ended September 30, 2006. Total Revenues has increased from Rs 43571.40 million for the quarter ended September 30, 2006 to Rs 63374.00 million for the quarter ended September 30, 2007.The figures for the quarter ended September 30, 2006 Consolidated results as per United States Generally Accepted Accounting Principles (US GAAP) are Unaudited.
Hinduja TMT Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a net profit after tax of Rs 120.202 million for the quarter ended September 30, 2007 where as the same was at Rs 5081.989 million for the quarter ended September 30, 2006. Total Income is Rs 188.511 million for the quarter ended September 30, 2007 where as the same was at Rs 7758.096 million for the quarter ended September 30, 2006.The Consolidated Results are as follows:The Group has posted a profit after minority interest of Rs 154.657 million for the quarter ended September 30, 2007. Total Income is Rs 642.869 million for the quarter ended September 30, 2007.The above results of the quarter ended September 30, 2007 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.
i-flex Solutions Ltd has announced the following Audited results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 765.80 million for the quarter ended September 30, 2007 as compared to Rs 1009.40 million for the quarter ended September 30, 2006. Revenue has increased from Rs 3968.00 million for the quarter ended September 30, 2006 to Rs 4351.70 million for the quarter ended September 30, 2007.The following consolidated results as per GAAP:Consolidated Results as per Indian GAAP:The Group has posted a net income of Rs 874 million for the quarter ended September 30, 2007 as compared to Rs 935 million for the quarter ended September 30, 2006. Revenue has increased from Rs 4992 million for the quarter ended September 30, 2006 to Rs 5758 million for the quarter ended September 30, 2007.Consolidated Results as per US GAAP:The Group has posted a net income of Rs 640 million for the quarter ended September 30, 2007 as compared to Rs 804 million for the quarter ended September 30, 2006. Revenue has increased from Rs 5009 million for the quarter ended September 30, 2006 to Rs 5840 million for the quarter ended September 30, 2007.
Dr Reddys Laboratories Ltd has announced the following Un-Audited results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 1250.00 million for the quarter ended September 30, 2007 as compared to Rs 2726.60 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 9489.60 million for the quarter ended September 30, 2006 to Rs 9240.40 million for the quarter ended September 30, 2007.The Consolidated results are as follows:The Group has posted a net profit attributable to the shareholders of the parent of Rs 1106.00 million for the quarter ended September 30, 2007 as compared to Rs 2925.00 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 19826.00 million for the quarter ended September 30, 2006 to Rs 13265.50 million for the quarter ended September 30, 2007.The Consolidated results as per US GAAP are as follows:The Group has posted a net income of Rs 2671.641 million for the quarter ended September 30, 2007 as compared to Rs 2797.683 million for the quarter ended September 30, 2006. Revenues has decreased from Rs 20038.545 million for the quarter ended September 30, 2006 to Rs 12669.753 million for the quarter ended September 30, 2007.
Sun TV Network Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a profit after taxes of Rs 801.60 million for the quarter ended September 30, 2007 where as the same was at Rs 479.60 million for the quarter ended September 30, 2006. Total Income is Rs 2087.60 million for the quarter ended September 30, 2007 where as the same was at Rs 1059.00 million for the quarter ended September 30, 2006.The petition for amalgamation of the erstwhile GTPL and the Satellite Television business of UTPL was sanctioned by the Honble High Court of Judicature at Madras, on March 29, 2007, with an appointed dale of April 01, 2006. Accordingly, the financial results for the quarter ended September 30, 2007 and year ended March 31, 2007 include the results of GTPL and the Demerged Undertaking of UTPL and are therefore, not comparable with corresponding quarter and half year of the previous year, which does not include the figures of erstwhile GTPL and the Demerged Undertaking of UTPL, Previous periods / years figures have been regrouped / reclassified wherever necessary to conform to current periods classification.
Satyam Computer Services Ltd has announced the following Audited results for the quarter ended September 30, 2007:The Company has posted a profit after taxation of Rs 4171.50 million for the quarter ended September 30, 2007 as compared to Rs 3223.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 15658.40 million for the quarter ended September 30, 2006 to Rs 20564.40 million for the quarter ended September 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 4090.90 million for the quarter ended September 30, 2007 as compared to Rs 3198.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 16301.10 million for the quarter ended September 30, 2006 to Rs 21422.60 million for the quarter ended September 30, 2007.The Unaudited Consolidated results as per US GAAP are as follows: (US $ million)The Group has posted a Net Income of $ 101.90 million for the quarter ended September 30, 2007 as compared to $ 65.50 million for the quarter ended September 30, 2006. Revenues have increased from $ 352.00 million for the quarter ended September 30, 2006 to $ 509.60 million for the quarter ended September 30, 2007.
GTL Ltd has announced the following Audited results for the quarter ended September 30, 2007:The Company has posted a net profit after extraordinary items of Rs 454.30 million for the quarter ended September 30, 2007 as compared to Rs 76.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 1455.60 million for the quarter ended September 30, 2006 to Rs 3579.20 million for the quarter ended September 30, 2007.The Consolidated results are as follows:The Group has posted a net profit after extraordinary items of Rs 1523.60 million for the quarter ended September 30, 2007 as compared to Rs 182.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 2352.10 million for the quarter ended September 30, 2006 to Rs 4343.60 million for the quarter ended September 30, 2007.The figures for the quarter ended September 30, 2006 are unaudited.
HCL Infosystems Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 734.90 million for the quarter ended September 30, 2007 where as the same was at Rs 257.40 million for the quarter ended September 30, 2006. Total Income is Rs 31013.50 million for the quarter ended September 30, 2007 where as the same was at Rs 5323.60 million for the quarter ended September 30, 2006.The Consolidated results are as follows :The Group has posted a net profit of Rs 721.30 million for the quarter ended September 30, 2007 where as the same was at Rs 670.70 million for the quarter ended September 30, 2006. Total Income is Rs 31095.90 million for the quarter ended September 30, 2007 where as the same was at Rs 27973.80 million for the quarter ended September 30, 2006.A Scheme of Arrangement sanctioned by Honble High Court of Delhi came into effect on 31st March, 2007. Pursuant to the Scheme, Telecommunication and Office Automation business of HCL Infinet Limited was amalgamated with the Company. The previous years figures of the standalone Company do not include the impact of amalgamation and hence are not comparable.
UltraTech Cement (UCL), the country''s second largest cement maker and part of the Aditya Birla Group, has reported a 45.84% rise in its net profit at Rs 185.86 crore for the quarter ended September 30, 2007 as against Rs 127.44 crore in the corresponding quarter last year. Net sales during the quarter grew 16.81% to Rs 1,173.41 crore compared with Rs 1,004.54 crore.
The quarter saw the operating profit of the company rise to Rs 355.36 crore from Rs 266.39 crore, up 33.40%. Earnings per share for the quarter stood at Rs 14.93 as against Rs 10.24.At 85% capacity utilisation, the company produced 3.34 million tonne of cement during the quarter from 3 million tonne in the corresponding quarter last year. It sold 3.15 million tonne, up 12%, compared with 2.8 million tonne last year.UltraTech, with its current capacity of 17 million tonne per annum (mtpa), has earmarked a capital expenditure of Rs 3,300 crore to take its production capacity to over 21 mtpa in the next three years. It is also in a process of setting up ready mix concrete (RMC) plants across the country. The firm thinks RMC has huge growth potential in the country.
The industry, overall, is adding over 90 million tonne of capacity in the next three years. It said that fresh additions of capacities could result in a surplus scenario, thereby putting pressure on prices by FY09-end.
Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) has announced the following Unaudited Results for the quarter ended September 30, 2007:The Company has posted a net profit of Rs 1205.80 million for the quarter ended September 30, 2007 where as the same was at Rs 739.50 million for the quarter ended September 30, 2006. Total Income is Rs 11648.40 million for the quarter ended September 30, 2007 where as the same was at Rs 6988.70 million for the quarter ended September 30, 2006.The figures of the current three months period ended September 30, 2007 include the figures of erstwhile Narmada Chematur Petrochemicals Ltd (NCPL), a subsidiary of the Company, which is amalgamated with the Company with effect from February 15, 2007 and therefore, to that extent, the figures are not comparable with those of the corresponding previous period.
KPIT Cummins Infosystems Ltd, an IT, engineering and BPO partner of first choice for global corporations , has announced its results for the quarter ended 30th September, 2007, showing strong growth in all major markets and practice areas-especially Automotive Electronics, Business Intelligence & Global Business Solutions.
In US $ terms, revenues over the last quarter same year grew by 41.13% while sequential growth was 13.35%. Total revenues for Q2 FY08 were Rs1.49mn, reflecting a 30.88% growth over the revenues in same quarter last fiscal and 10.31% growth over the revenues of previous quarter.
For Q2 FY08, the company has earned a net profit of Rs140.72mn, a growth of 13.97% over the corresponding quarter in the previous fiscal and 10.94% over the preceding quarter.
Automotive & Semiconductor
KPIT Cummins was chosen as a strategic partner by a top 10 Asian Tier-1 supplier in a global selection process to co- builds it’s advanced electronic systems for global vehicle platforms thus enabling faster time to market. This is a multi-year deal with annual revenue potential of US$ 10+Mn in next 24-30 months.
KPIT Cummins partnered with a leading Automotive software company to co-provide high-end Hardware-in-Loop solution for world’s top 5 car maker.
KPIT Cummins was selected to build an end to end FPGA (Field Programmable Gate Arrays) design solution for an Automotive Tier-1 supplier in Germany.
Global Business Solutions
World’s leading middleware software company has engaged KPIT Cummins as a partner to provide multi-lingual Enterprise Software Support services from its Poland and India centers. This is a multi-year deal with annual revenue potential of US$ 5 + Mn in next 24 months.
Enterprise IT
1) Business Intelligence practice had a sterling quarter with several wins:
a. Signed a new contract with a leading French Corporation for building a financial reporting system.
b. Bagged a multi-year/multi-million dollar assignment from a top 5 customer for providing Business Intelligence Services & solutions
This quarter witnessed a lot of accolades & recognitions for KPIT Cummins
Customers & Markets
Became the first and only Indian company to be invited to JASPAR (Japan Automotive Software Platform & ARchitecture) consortium. JASPAR is a consortium formed by leading Japanese Automotive corporations to define the standards for next generation in-vehicle electronic systems architecture.
Electronica Machine Tools, a KPIT Cummins customer was selected among the top 100 innovative CIOs of the year by CIO magazine for demonstrating innovative application of IT for furtherance of business objectives. This was done for an innovative implementation of SAP by KPIT Cummins in a record time of 4 months.
EFY (Electronics For You) TOP 100 survey ranked KPIT Cummins amongst top 100 focused providers of Electronics Systems & Solutions.
An independent industry analyst recognized KPIT Cummins among the select Business Process Outsourcing services provider in the F&A (Finance & Accounting) domain for Investment Services firms.
Operational Excellence
Winner in Support category at the National level Lean and Six Sigma Excellence Awards 2007 jointly organized by Sakaal group of publication and Symbiosis Center Of Management and HRD (S C M H R D). KPIT Cummins was the only company among the 14 IT/ITeS contestants selected for this award. 81 companies across various industry verticals participated in this competition.
Corporate Governance
Only IT company to be selected for the Golden Peacock award for excellence in Corporate Governance-by the World Council for Corporate Governance & Institute of Directors (UK & Delhi)
KPIT Cummins has been recognized as one of India’s most investor friendly Companies, as endorsed by a study carried out by Business Today (Aug 2007 issue). KPIT Cummins stands in the Top 10 amongst 20 companies across sectors
Chairman, Ravi Pandit was conferred the Rotary Excellence Award by Rotary Club of Pune, Kothrud
Ravi Pandit, Chairman and Group CEO said: “We had a very encouraging Q2 with lot of customer wins at higher rates, improvement in our operational efficiencies and double digit volume growth over the last quarter. Our Poland center registered its first major win this quarter. Our competitive positioning in the Automotive & Semiconductor verticals is strengthening every quarter as we sign up new accounts and expand our relationships with existing customers. In spite of the foreign currency depreciation, we have found our way to protect margins. We will continue to work on options to better them in forthcoming quarters.”
Kishor Patil, CEO and Managing Director expressed his pleasure, “Our investment in practices like Business Intelligence & Global Business Solutions (BPO) is paying off with several multi-year deals with US$ 10+mn annual potential signed this quarter. Automotive Electronics & Semiconductor practices continue to demonstrate leadership in marketplace with significant wins. We have three US$10mn + deals in pipeline over next 4-6 months and we look forward to a strong performance in quarters to come. Europe & Asia-Pacific demonstrated sizeable wins. We have also experienced better price realizations in our new wins by a factor of 12-15%.”
Girish Wardadkar, President & Executive Director commented on robust operational performance
“Utilization has improved to 74% this quarter from 71% last quarter. We are effectively leveraging Six Sigma as a tool to improve our operational performance. Around 250+ engineers have joined us fresh out of campus and we will focus on their training + deployment in coming quarters. We hired 338 people this quarter. Annualized attrition at the end of H1 was down to 21% from 24% last year. As part of our innovation initiative-CREST, we filed our first patent this quarter. As we get into H2, we will continue to see success of several operational & technology initiatives launched in earlier quarters”
Idea Cellular Ltd has announced the following Audited Results for the year ended March 31, 2007:
The Company has posted a profit after tax of Rs 5020.60 million for the year ended March 31, 2007 where as the same was at Rs 1256.00 million for the year ended March 31, 2006. Total Revenue is Rs 43873.30 million for the year ended March 31, 2007 where as the same was at Rs 20176.40 million for the year ended March 31, 2006.
The Consolidated Results are as follows:
The Group has posted a net profit after tax of Rs 5022.20 million for the year ended March 31, 2007 where as the same was at Rs 2117.70 million for the year ended March 31, 2006. Total Revenue is Rs 43873.30 million for the year ended March 31, 2007 where as the same was at Rs 29869.20 million for the year ended March 31, 2006.
The Company along with its 100% subsidiaries namely, Idea Mobile Communications Ltd, BTA Cellcom Ltd, Idea Telecommunications Ltd (acquired during the current financial year), Sapte Investments Pvt Ltd, Vsapte Investments Pvt Ltd, Bhagalaxmi Investments Pvt Ltd and Asian Telephone Services Ltd had filed applications for amalgamation of these Subsidiaries into the Company with the respective High Courts within whose jurisdiction the Registered Office of these Companies are situated in February 2007.
The scheme of amalgamation is sanctioned by the Honourable High Courts of Delhi, Gujarat, Madhya Pradesh and Bombay, and accordingly the assets, liabilities, reserves and accumulated losses of the above subsidiaries were transferred to and vested in the Company with effect from April 01, 2006. The last of the High Court Orders approving the scheme was received on September 10, 2007 and the last of the certified copies of the High Court Orders sanctioning the scheme was filed with the Registrar of Companies (RoC) on September 14, 2007.
Infosys Technologies Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a net profit after tax & exceptional items of Rs 10740 million for the quarter ended September 30, 2007 as compared to Rs 8960 million for the quarter ended September 30, 2006. Total Income has increased from Rs 33390 million for the quarter ended September 30, 2006 to Rs 40050 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
The Group has posted a net profit after tax, exceptional items and minority interest of Rs 11000 million for the quarter ended September 30, 2007 as compared to Rs 9290 million for the quarter ended September 30, 2006. Total Income has increased from Rs 35170 million for the quarter ended September 30, 2006 to Rs 42600 million for the quarter ended September 30, 2007.
iGate Global Solutions Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a net profit of Rs 237.80 million for the quarter ended September 30, 2007 as compared to Rs 106.00 million for the quarter ended September 30, 2006. Total Income has increased from Rs 1869.30 million for the quarter ended September 30, 2006 to Rs 1908.30 million for the quarter ended September 30, 2007.
The Consolidated results are as follows:
The Group has posted a net profit of Rs 229.20 million for the quarter ended September 30, 2007 as compared to Rs 101.40 million for the quarter ended September 30, 2006. Total Income has increased from Rs 2023.40 million for the quarter ended September 30, 2006 to Rs 2035.10 million for the quarter ended September 30, 2007.
We have strengthened our management team with the induction of Hari Murthy as the new Head of Sales and Marketing. We closed the second quarter with a healthy order book giving us optimism for revenue growth. In addition, improved productivity and efficiency coupled with our differentiated iTOPS model helped us grow margins strongly said Phaneesh Murthy, CEO, iGATE Global Solutions.
