Cairn India profit up 23%; EIL Q3 net at Rs 111 crore

Written by fe Bureau | Agencies | New Delhi, Bangalore, Mumbai, Pune | Updated: Jan 30 2010, 05:18am hrs
Cairn India on Thursday posted a 23% rise in net profit at Rs 290.96 crore for the third quarter ended December 2009 compared with Rs 236.42 crore in the corresponding period previous fiscal. The net profit for the nine months ended December 31, 2009, rose 20.6% to Rs 805.9 crore. Turnover more than doubled to Rs 495.46 crore from Rs 210.82 crore a year ago.

EIL's net rises 61% in Q3

Public sector engineering consultant Engineers India Ltd (EIL) has reported a 61% increase in net profit to Rs 111 crore in the third quarter compared with the same period of the past fiscal. The company has reported a 60% growth in its profit before tax (PBT) for the latest quarter. The company's net profit for the first nine months of the current financial year stood at Rs 311 crore, an increase of 67% over the corresponding period last year. PBT grew 65% to Rs 462 crore in the same period. Turnover during the first nine months was at Rs 1,353 crore, a 20% increase over the year-ago period.

Crompton Greaves profit rises

Crompton Greaves Ltd has posted a growth of 62% in consolidated net profit at Rs 199.6 for the quarter ended December 31, 2009, as compared to Rs 123.2 crore for the quarter ended December 31, 2008. Total income has increased from Rs 2,158 crore for the quarter ended December 31, 2008, to Rs 2268 crore for the latest quarter. The board has recommended bonus shares in the ratio of 3:4. The board has also declared an interim dividend of 70%. On Thursday, shares of the company went up 7.46% to close at Rs 426.45 on the BSE.

Uttam Galva profit at Rs 17 cr

Uttam Galva Steels Ltd on Thursday reported a growth of 221% in its net profit to Rs 17.25 crore for the third quarter ended December 2009 compared with Rs. 5.37 crore in the corresponding quarter of the previous year.

IVRCL Infra net at Rs 46 cr

IVRCL Infrastructures & Projects Ltd has reported a net profit of Rs 45.82 crore during the quarter ended December 2009 compared with Rs 46.52 crore in the same period previous year. Income from operations stood at Rs 1,242.16 crore (Rs 1,202.79 crore). Depreciation and interest and finance charges during the period stood at Rs 13.87 crore and Rs 36.83 crore, respectively. The board of directors has declared bonus issue of equity shares in the ratio of 1:1, subject to the approval of shareholders.

Whirlpool PAT increases

Home appliance maker Whirlpool on Wednesday reported over two-fold increase in its profit after tax at Rs 16.16 crore for the quarter ended December 31, 2009, compared with Rs 6.91 crore for the year-ago period, a statement issued by the company said. During the quarter under review, Turnover grew by 24% to Rs 524 crore compared with Rs 423 crore in the year-ago period.

Apollo Hospitals profit zooms

Apollo Hospitals Enterprise Limited has informed the stock exchanges that the net profit for the third quarter ended December 31, 2009, shot up to Rs 43.91 crore compared with Rs 29.53 crore during the same quarter of the previous financial year. Net sales jumped sharply to Rs 480.87 crore as against Rs 373 crore during the year-ago period.

UTV Software net up 36%

UTV Software Communications' net profit for the third quarter ended December 31, 2009, increased by 36% at Rs 40.6 crore as compared with Rs 29.9 crore in the same quarter last year. The company's total income for the quarter increased by 38% to Rs 220.72 crore against Rs 160.19 crore in the same quarter last year.

Cipla profit at Rs 289 cr

Cipla has reported a 29.35% increase in its standalone net profit for the quarter ended December 31, 2009 at Rs 289 crore against Rs 223.4 crore for the quarter ended December 31, 2008. Net sales increased 6% to Rs 1357 crore for the latest quarter against Rs 1280 crore for the year-ago period.

Hinduja Global profit up 40%

IT firm Hinduja Global Solutions on Wednesday said its consolidated net profit rose by 40.35% to Rs 30 crore for the quarter ended December 31, 2009. Net sales rose to Rs 222.53 crore for the quarter ended December 31, 2009, compared with Rs 218.60 crore in the same period previous fiscal.

Jindal Steel & Power net dips

Jindal Steel & Power Ltd (JSPL) on Thursday said its consolidated net profit declined by 3.20% to Rs 874.35 crore for the third quarter ended December 31 compared to the same period corresponding fiscal. Total income declined to Rs 2,687.10 crore for the latest quarter against Rs 2,948.57 crore for the same period previous fiscal, it said in a filing with the BSE.

MRF net at Rs 119 cr

Tyre major MRF Limited has reported a net profit of Rs 119.41 crore for the third quarter ended December 31, 2009. It reported a net loss of Rs 38.30 crore during the same quarter of the previous financial year.


AT&T Q4 profit up

AT&T (T.N) has reported a 26% rise in fourth-quarter profit, fuelled by solid growth from a wireless business that is adding customers who want to connect their e-readers, smart phones and netbook computers to the Web. Quarterly earnings rose to $3.01 billion, or 51 cents a share, from $2.40 billion, or 41 cents a share, a year earlier. Revenue fell nearly 1% to $30.9 billion.

Hyundai net jumps 104%

Riding on back of brisk sales in India and China, Korean car major Hyundai Motor Company on Thursday said its net profit for the year 2009 zoomed by 104% at 29.615 trillion won (about Rs 1,18,950.16 crore) from the previous year. The company, however, said its sales revenues fell 1% to 31.859 trillion won (Rs 1,27,970.22 crore) during last year.