Zee’s Oct-Dec quarter profit up 40%
Zee Entertainment Enterprises posted a 40.5% jump in consolidated net profit at R193.31 crore for the third quarter ended December 31, 2012. This is against a consolidated net profit of R137.61 crore for the same period last year.
Sun TV net up 13%, ad revenue rebounds
Sun TV Network registered a 13.10% rise in its net profit at R189.88 crore for the quarter ending December 31, compared to R167.88 crore last fiscal. The total income stood at R496.41 crore as against R448.32 crore, registering a growth of 10.73%.
Renault launches new Scala at R8.99 lakh
Renault India on Wednesday launched its X-tronic Continuously Variable Transmission (CVT) variant of Renault Scala at R 8.99 lakh. With this, Renault becomes the first manufacturer to offer next-generation transmission in the Indian sedan segment.
Havells India Q3 PAT rises 33% at R118 cr
Electrical goods maker Havells India reported a 32.58% increase in consolidated profit after tax at R118 crore for the third quarter ended December 2012 on robust performance by all segments.
Ajanta Pharma Q3 net up 76%
Drug company Ajanta Pharma reported a 75.95% increase in net profit to R32.57 crore for the third quarter ended December 31, 2012, mainly on robust sales. The company posted a net profit of R18.51 crore for the corresponding period previous fiscal.
Phoenix Mills opens 4th mall in Chennai
Pheonix Mills has opend its fourth Phoenix Marketcity mall in Chennai. It is a mixed-use development undertaken by Classic Mall Developers, a special purpose vehicle in which PML has a 31% stake.
Deepak Fertilisers Q3 net declines 36%
Deepak Fertilisers and Petrochemicals Corporation reported a 36% fall in its standalone net profit at R31.65 crore for the third quarter ended December 31, 2012. The Pune-based company had posted a net profit of R49.65 crore in the year-ago period.
Novartis Q3 profit down 24% at R29 cr
Drug firm Novartis India said its net profit declined by 24.28% to R29 crore for the third quarter ended December 31, 2012, primarily due to higher expenses. The company had posted a net profit of R38.3 crore during the same period of previous fiscal, Novartis India said in a filing to the BSE.
Indiabulls net profit up nearly three times
Mumbai-based real estate firm Indiabulls net profit jumped nearly three times to around R9 crore for the quarter ended December 31, 2012 against around R7 crore in the corresponding quarter last year. The company's third quarter total income surged by 42% and stood at R81 crore against R57 crore last year.
Peninsula Land Q3 profit soars
Mumbai-based real estate firm Peninsula Land's net profit increased more than three times to R36.50 crore for the quarter ended December 31, 2012 against R10.52 crore in the corresponding quarter last year. The total income from operations of Ashok Piramal group firm surged a little over three times to R138 crore from R45 crore last year.
Everest Industries profit up 32% in Q3
Everest Industries, a building products provider, reported a 32% rise in third-quarter net profit. The firm’s profit after tax for the quarter ending on December 31, 2012 rose to R9.61 Cr from R 7.30 crore a year earlier.
Transgene inks pact with Portugal’s Atral Cipan
Biotechnology firm Transgene Biotek has entered into a licencing pact with Portugal-based Atral Cipan for its immunosuppressive drug Tacrolimus. As a result, Atral Cipan will move the product through regulatory filings with the US Food and Drug Administration and European Medicines Agency for the manufacturing and marketing of Tacrolimus.
Swiss tool maker Starrag to set up Bangalore plant
Swiss-based machine tool maker Starrag Group will open its first manufacturing plant in Bangalore with an investment of R70 crore. This was one of the first investment proposals promised at the Global Investors Meet, 2010 organised by the Karnataka government. The factory in Devanahalli will employ around 300 people.