Monday, June 30, 2008

Upper Ganges Sugar & Industries - June 30,2008

Upper Ganges Sugar & Industries Ltd has informed that instead of publishing the Unaudited Financial Results of the Company for the last quarter ended June 30, 2008 within one month of the close of the quarter i.e. by July 31, 2008, the Company will publish the Audited Financial Results for the financial year ended June 30, 2008 within a period of 3 months from the close of the Financial Year i.e. by September 30, 2008.

The Company Will Publish The Audited Financial Results - June 30,2008

Oudh Sugar Mills Ltd has informed that instead of publishing the Unaudited Financial Results of the Company for the last quarter ended June 30, 2008 within one month of the close of the quarter i.e. by July 31, 2008, the Company will publish the Audited Financial Results for the financial year ended June 30, 2008 within a period of 3 months from the close of the Financial Year i.e. by September 30, 2008.

Audited FY 08 Results For Essar Oil Announces - June 30,2008

Essar Oil Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a net loss of Rs 411.80 million for the year ended March 31, 2008 as compared to net loss of Rs 674.90 million for the year ended March 31, 2007. Total Income has increased from Rs 4843.70 million for the year ended March 31, 2007 to Rs 5767.80 million for the year ended March 31, 2008.

Saturday, June 28, 2008

Declare For Banks Losses Of Up To Rs 1,500 Cr - June 28,2008

MUMBAI: The first quarter of 2008-09 could see banks declare losses of up to Rs 1,500 crore on treasury operations. Nationalised banks are more likely to bear the brunt of rising yields compared with their private sector peers since a few large public sector banks have parked as much as 50-60% of their bond portfolios in the available-for-sale (AFS) category.

As against this, private sector majors such as ICICI Bank, HDFC Bank and Axis Bank have parked only 15-20% of their bond portfolios in the AFS bucket. As per RBI guidelines, banks have to mark-to-market (MTM) a portion of their g-sec book (i.e. 26-30% of assets owing to high SLR), which is in the non-held-to-maturity (HTM) category. Thus, in the current circumstances, banks with a larger share of portfolios in the AFS category (non-HTM bucket), and that too, bonds with a longer duration, will be the most affected. In addition, banks have also to mark-to-market all their non-g-sec investments (like corporate bonds) every quarter.

According to a recent report published by Merrill Lynch, for every 10-basis point rise in yields, banks could incur a loss of up to Rs 250 crore. It may be recalled that the yield on the benchmark paper, the 8.24% bond maturing in 2018, has moved up from 7.90% in March 2008 to over 8.85% in June 2008.

Banks run into losses on their bond portfolios, when bond yields rise sharply. Bond prices fall when yields rise and banks have to mark-to-market the holdings in the AFS category based on the yield prevailing on the last day of the quarter. Recently, the Reserve Bank of India (RBI) hiked the repo rate — rate at which banks borrow from RBI — and the cash reserve ratio by 50 bps each. This has caused yields to move up drastically in the past week of this quarter.

Given that public sector banks have large SLR requirements, most banks would have huge stocks of the benchmark bond, which alone has witnessed a fall of more than 400 paise rise in barely three months time.

State Bank of India, the largest nationalised player, seems to be the worst hit, given the significant exposure to varied classes of securities. The bank has parked up to 80% of its bond holdings in the HTM category, but faces the risk of incurring a loss of more than Rs 350 crore this quarter.

Announces Q4 & FY 08 Results For Unitech - June 28,2008

Unitech Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:
The results for the Quarter ended March 31, 2008
The Company has posted a profit after tax of Rs 1758.40 million for the quarter ended March 31, 2008 as compared to Rs 3570.90 million for the quarter ended March 31, 2007. Total Income has decreased from Rs 8841.50 million for the quarter ended March 31, 2007 to Rs 7596.50 million for the quarter ended March 31, 2008.
The results for the Year ended March 31, 2008
The Company has posted a profit after tax of Rs 10306.80 million for the year ended March 31, 2008 as compared to Rs 9835.60 million for the year ended March 31, 2007. Total Income has increased from Rs 25996.40 million for the year ended March 31, 2007 to Rs 29697.20 million for the year ended March 31, 2008.
The Consolidated results are as follows:
The consolidated results for the Quarter ended March 31, 2008
The Group has posted a net profit of Rs 3602.80 million for the quarter ended March 31, 2008 as compared to Rs 7479.60 million for the quarter ended March 31, 2007. Total Income has decreased from Rs 16272.90 million for the quarter ended March 31, 2007 to Rs 11971.30 million for the quarter ended March 31, 2008.
The consolidated results for the Year ended March 31, 2008
The Group has posted a net profit of Rs 16618.60 million for the year ended March 31, 2008 as compared to Rs 13058.30 million for the year ended March 31, 2007. Total Income has increased from Rs 33880.90 million for the year ended March 31, 2007 to Rs 42801.10 million for the year ended March 31, 2008.

Announces Q4 & FY 08 Results For Gujarat State Petronet - June 28,2008

Gujarat State Petronet Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:
The results for the Quarter ended March 31, 2008
The Company has posted a net profit of Rs 405.70 million for the quarter ended March 31, 2008 as compared to Rs 192.70 million for the quarter ended March 31, 2007. Total Income has increased from Rs 881.30 million for the quarter ended March 31, 2007 to Rs 1248.90 million for the quarter ended March 31, 2008.
The results for the Year ended March 31, 2008
The Company has posted a net profit of Rs 999.20 million for the year ended March 31, 2008 as compared to Rs 893.70 million for the year ended March 31, 2007. Total Income has increased from Rs 3350.10 million for the year ended March 31, 2007 to Rs 4472.80 million for the year ended March 31, 2008.

Thursday, June 26, 2008

Jet Airways Net Loss Rs 253.06 Cr In FY''08 - June 26, 2008

Private air-carrier, Jet Airways has posted a net loss of Rs 253.06 crore in FY''08 as against a profit of Rs 28 crore in the year-ago period, primarily on account of high fuel and aviation turbine fuel prices. On a consolidated basis, its loss stood at Rs 653.87 crore for the period.

Jet also posted its biggest loss for any quarter in the last three years in Q4 FY 08 at Rs 221 crore as against a profit of Rs 88 crore in the year-ago period. However, it has registered a 28.1 per cent growth in its revenue, which stood at Rs 9,481.5 crore in FY''08 as against Rs 7,401.31 crore in the year-ago period.Its revenue during the same quarter was up by the 37.1 per cent, which stood at Rs 2,727 crore as against Rs 1,989.03 crore in the year-ago period. Jet has attributed the losses primarily to the unprecedented rise in crude and jet fuel prices, which have almost doubled in the last one year.Fuel costs were higher by Rs 128.4 crore in comparison to the same period a year ago.

Wednesday, June 25, 2008

Infosys Technologies - Q1 Results On Jul 11, 2008 - June 25, 2008

Infosys Technologies Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 11, 2008, inter alia, to consider, the following:

1. The audited financial results of the Company as per Indian GAAP for the first quarter ending June 30, 2008 (Q1).

2. The audited consolidated financial results of the Company and its subsidiaries as per Indian GAAP for the first quarter ending June 30, 2008.

3. The un-audited financial results of the Company as per US GAAP for the first quarter ending June 30, 2008.

Tuesday, June 24, 2008

Supreme Petrochem Informed About Financial Results - June 24, 2008

Supreme Petrochem Ltd has informed that the Company will be publishing the audited results within a period of 3 months from the end of June 30, 2008, therefore the unaudited results for the last quarter of the financial year will not be pub.

Monday, June 23, 2008

Central Bank Of India Announces Audited Consolidated FY 08 Results - June 23, 2008

Central Bank of India has announced the following Audited Consolidated results for the year ended March 31, 2008:
The Group has posted a net profit of Rs 5946.00 million for the year ended March 31, 2008 as compared to Rs 5095.60 million for the year ended March 31, 2007. Total Income has increased from Rs 67299.30 million for the year ended March 31, 2007 to Rs 88045.50 million for the year ended March 31, 2008.

Thursday, June 19, 2008

Power Grid Corporation Announces FY 08 Results - June 19, 2008

Power Grid Corporation of India Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a profit after Tax of Rs 14484.70 million for the year ended March 31, 2008 as compared to Rs 12293.70 million for the year ended March 31, 2007. Total Income has increased from Rs 40971.50 million for the year ended March 31, 2007 to Rs 50815.30 million for the year ended March 31, 2008.

Wednesday, June 18, 2008

Unitech - FY 08 results on Jun 27, 2008 - June 18, 2008

Unitech Ltd has informed that a meeting of the Board of Directors of the Company will be held on June 27, 2008, inter alia, to consider and approve the Audited Financial Results of the Company for the financial year ended as on March 31, 2008 and recommend dividend, if any, for the said year.

Monday, June 16, 2008

Victoria Enterprises - FY 08 Resutls By Jun 30, 2008- June 16, 2008

Victoria Enterprises Ltd has informed that the Company is going to publish audited accounts for the financial year 2007-2008 before June 30, 2008 hence the squarely results for the last quarter of the financial year ended March 31, 2008 will be publish with the audited annual results.

Friday, June 13, 2008

Financial Technologies Announces Q4 & FY 08 Results - June 13, 2008

Financial Technologies India Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008
The Company has posted a net profit after tax of Rs 248.460 million for the quarter ended March 31, 2008 as compared to Rs 269.148 million for the quarter ended March 31, 2007. Total Income has increased from Rs 527.838 million for the quarter ended March 31, 2007 to Rs 641.695 million for the quarter ended March 31, 2008.
The results for the Quarter ended March 31, 2007 are Unaudited.

The results for the Year ended March 31, 2008
The Company has posted a net profit after tax of Rs 9612.520 million for the year ended March 31, 2008 as compared to Rs 1006.123 million for the year ended March 31, 2007. Total Income has increased from Rs 1741.319 million for the year ended March 31, 2007 to Rs 13474.777 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Audited consolidated results for the Year ended March 31, 2008
The Group has posted a net profit available after Minority Interest of Rs 8694.597 million for the year ended March 31, 2008 as compared to Rs 714.276 million for the year ended March 31, 2007. Total Income has increased from Rs 3172.848 million for the year ended March 31, 2007 to Rs 14195.118 million for the year ended March 31, 2008.

Thursday, June 12, 2008

Sumedha Fiscal Services To Announce Financial Reuslts - June 12, 2008

The board meeting of Sumedha Fiscal Services will be held on 21 June 2008 to approve the audited financial results of the company for the year ended 31 March 2008 and to consider declaration of dividend.

Wednesday, June 11, 2008

EIH - FY 08 Results On Jun 20, 2008 - June 11, 2008

With reference to the earlier announcement dated May 08, 2008, EIH Ltd has now informed that a meeting of the Board of Directors of the Company will be held on June 20, 2008, to approve the Companys annual Accounts.

The Board may recommend a dividend for declaration at the forthcoming Annual General Meeting at the said Meeting.

Tuesday, June 10, 2008

Cil Securities To Announce Financial Results - June 10, 2008

The board meeting of Cil Securities will be held on 30 June 2008 to take record on the audited financial results of the company for the IVth quarter and financial year ended 31 March 2008 and to consider declaration of dividend.

Monday, June 9, 2008

Divis Laboratories Announces Q4 & FY 08 Results - June 9, 2008

Divis Laboratories Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 943.70 million for the quarter ended March 31, 2008 as compared to Rs 1009.80 million for the quarter ended March 31, 2007. Total Income has increased from Rs 2559.90 million for the quarter ended March 31, 2007 to Rs 2825.10 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 3535.60 million for the year ended March 31, 2008 as compared to Rs 1917.40 million for the year ended March 31, 2007. Total Income has increased from Rs 7380.30 million for the year ended March 31, 2007 to Rs 10468.00 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended March 31, 2008
The Group has posted a net profit of Rs 926.80 million for the quarter ended March 31, 2008 as compared to Rs 989.30 million for the quarter ended March 31, 2007. Total Income has increased from Rs 2560.00 million for the quarter ended March 31, 2007 to Rs 2827.10 million for the quarter ended March 31, 2008.

The consolidated results for the Year ended March 31, 2008
The Group has posted a net profit of Rs 3476.00 million for the year ended March 31, 2008 as compared to Rs 1858.60 million for the year ended March 31, 2007. Total Income has increased from Rs 7380.10 million for the year ended March 31, 2007 to Rs 10466.20 million for the year ended March 31, 2008.

Saturday, June 7, 2008

Vardhman Polytex To Announce Financial Results - June 7, 2008

The board meeting of Vardhman Polytex will be held on 14 June 2008 to approve the audited financial results of the company for the year ended 31 March 2008 and to consider the declaration of final dividend, if any.

Thursday, June 5, 2008

Hilton Metal Forging To Announce Financial Results - June 5, 2008

The board meeting of Hilton Metal Forging will be held on 14 June 2008 to on record the un-audited financial results of the company for the last quarter ended on 31 March 2008 and on the audited annual financial results of the company for the financial year ended on 31 March 2008 and to recommend the dividend for the year ended 31 March 2008.

Strong FY08 Earnings Propel Orbit corporation - June 5, 2008

The company announced the results after trading hours on Wednesday, 4 June 2008.

Meanwhile, the BSE Sensex was down 9.30 points, or 0.06%, to 15,505.49.

On BSE, 4,752 shares were traded in the counter. The scrip had an average daily volume of 2.15 lakh shares in the past one quarter.

The stock hit a high of Rs 486 and a low of Rs 470 so far during the day. The stock had a 52-week high of Rs 1079.95 on 18 January 2008 and the stock hit a 52-week low of Rs 216 on 19 June 2007.

The mid-cap company had underperformed the market over the past one month till 4 June 2008, declining 11.92% compared to the Sensex’s decline of 10.70%. It had also underperformed the market in the past one quarter, declining 17.64% compared to Sensex’s decline of 6.21%.

The company’s current equity is Rs 36.27 crore. Face value per share is Rs 10.

The current price of Rs 486 discounts its Q4 March 2008 annualised EPS of Rs 97.97, by a PE multiple of 4.96.

Orbit Corporation reported a net profit of Rs 88.83 crore on net sales of Rs 183.35 crore in Q4 March 2008. Figures of the corresponding previous year period were not available.

Orbit Corporation is a real-estate construction and development company with primary focus on redevelopment of existing properties. The company specializes in developing, designing and managing high-end residential and commercial properties.

Wednesday, June 4, 2008

DLF Announces Audited FY 08 Results - June 4, 2008

DLF Ltd has announced the following Audited results for the year ended March 31, 2008:

The Company has posted a net profit of Rs 25745.904 million for the year ended March 31, 2008 as compared to Rs 4069.139 million for the year ended March 31, 2007. Total Income has increased from Rs 14294.854 million for the year ended March 31, 2007 to Rs 60584.595 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Group has posted a net profit of Rs 78120.342 million for the year ended March 31, 2008 as compared to Rs 19336.484 million for the year ended March 31, 2007. Total Income has increased from Rs 40533.017 million for the year ended March 31, 2007 to Rs 146839.123 million for the year ended March 31, 2008.