State-run Bharat Heavy Electricals Ltd (Bhel) on Monday posted a net profit of Rs 384.41 crore for the first quarter ended June 30, 2008, a rise of 33% compared to the same period a year ago. It had a net profit of Rs 288.91 crore for the year-ago period, it said in a filing to the Bombay Stock Exchange. The firm had a total income of Rs 4,620.98 crore for the latest quarter, against Rs 3,440.24 crore for the same period a year ago. Shares of the company closed at Rs 1,506.45, down 1.56% on the BSE.

Petronet LNG?s profit dips 2%

Petronet LNG Ltd has posted a dip of 2% in its profit which stood at Rs 105.64 crore for the quarter ended June 30, 2008 as against Rs 108 crore in the corresponding quarter, the previous fiscal. The company which is one of the fastest growing, world class companies in the Indian energy sector recorded sales of Rs 1662.50 crore for the quarter as against Rs 1562 crore, a growth of 6%. Meanwhile, the shares of the company last traded at 54.90 on Monday, a dip of 1% compared to previous day?s close at the Bombay Stock Exchange.

Voltas posts cool 63% rise in net profit

Voltas Ltd has posted a 63%-rise in net profit at Rs 85 crore for the quarter ended June 30, 2008, as compared to Rs 52 crore registered during the previous corresponding period. The company has reported 22%-increase in sales at Rs 1,107 crore for the quarter ended June 30, 2008, as compared to Rs 834 crore, recorded for the previous corresponding period. The company?s electro-mechanical projects and services segment?s revenues grew by 24%. The order book of this segment stands at Rs 5,675 crore, registering a growth of 183% . The engineering products and services segment?s revenues grew by 23%, in the face of the continuing decline in demand for capital equipment. Mining & construction equipment business achieved 39% growth in sales.

The unitary cooling products for comfort and commercial use segment?s revenues grew by 20% including 29% value growth in air conditioners, sustaining the edge derived from the launch of India?s very first range of energy efficient air conditioners.

Tech Mahindra net rises 52%

Tech Mahindra, the IT arm of Mahindra & Mahindra registered a 52% growth in net profit after tax during the first quarter, clocking Rs 258.5 crore against Rs 170.3 crore in the corresponding quarter previous year. The company’s revenues for the first quarter were at Rs 1116.4 crore registering a jump of 27% as against Rs 876.3 crore in Q1 07-08. “Despite external pressures, Tech Mahindra has delivered robust results and our expertise in our chosen domain continues to hold us in good stead,” said Anand Mahindra, chairman, Tech Mahindra.

HDIL net profit at Rs 317 crore

Housing Development Infrastructure Ltd (HDIL) has posted a 56.86% rise in net profit at Rs 317.93 crore for the first quarter of 2007-08, as compared to Rs 202.68 crore registered during the period corresponding period. The company has registered a 28.60% increase in net turnover at Rs 570.08 crore for the first quarter ended June 30, 2008. During this quarter HDIL started the construction of 15 million sq ft (saleable & rehab area ) for rehabilitating 20,000 families for Phase I of Mumbai Airport Slum Rehabilitation project. The company has started the international airport modernization covering 35 acres of land at Rs 1,900 crore. HDIL has acquired 3,500 acres of land in Virar for setting up multi product SEZ.

United Spirits? high volume growth

United Spirits Limited said its net profits rose 33.7% to touch Rs 117.13 crore in Q1 FY09, compared to Rs 87.58 crore for the corresponding quarter a year ago. The company’s total income was up 32.44% at Rs 1020.57 crore for Q1 FY ?09, from Rs 770.57 crore recorded a year ago.

The company said that the growth was owing to “premiumisation” of brand portfolio, and high volume growth in markets, “despite inflationary impact on input costs.”The company said that it continued revamping brands to retain customer interest.It expected to roll out wines from its Baramati plant of Four Seasons Wines Limited by mid August, the company told the stock exchanges.

Punj Tractors nets Rs 22.4 crore in Q1

Punjab Tractors (PTL), a subsidiary of Mahindra & Mahindra, on Monday announced a net profit of Rs 22.4 crore for the quarter ended June 30, a three fold growth over the corresponding period a year ago, despite escalating prices of raw material. The company had a net profit of Rs 3.3 crore in the first quarter of FY08, Punjab Tractors said in a filing to the Bombay Stock Exchange (BSE).

The total revenue rose 82% to Rs 316.70 crore in the first quarter from Rs 173.90 crore in the corresponding period in FY08. Earlier in July, PTL had announced a 74% growth in tractor sales in the month of June, including exports of 3,443 units. The firm’s domestic sale of tractors grew 73% in June, with the sales volume touching 3,385 units. Shares of the company were trading at Rs 223.11, up 11.61% in the late afternoon trade on the BSE.

JK Paper Q1 net folds 17%

JK Paper Ltd on Monday reported a net profit of Rs 10.29 crore for the quarter ended June 30, a 16.88% fall over the same period last year. It had announced a net profit of Rs 12.38 crore in corresponding period last year. The total income of the company, however, rose 38.48% to Rs 263.18 crore during the quarter, as against Rs 190.05 crore in the year ago period, JK Paper said in a statement. “High pulp prices continued to impact the profitability of the company’s packaging board business. However, margins in this segment are expected to improve in the coming quarters,” JK Paper managing director Harsh Pati Singhania said.

Welspun Gujarat net surges 3%

Welspun-Gujarat Stahl Rohren Ltd has posted a net profit increase of 3% which stood at Rs 71.14 crore for the quarter ended June 30 as compared to Rs 69.32 crore in the corresponding quarter. Its sales for the quarter stood at Rs 1096.7 crore as against Rs 817.28 crore. Meanwhile, on Monday, the sales of the company closed the day at Rs 293.60, down by 0.17% at the Bombay Stock Exchange.

IL&FS Investment net at Rs 35 crore

IL&FS Investment Managers said on Monday that it has posted a consolidated net profit of Rs 13.02 crore and total income of Rs 35.01 crore for the quarter ended June 30.