Gammon Infra Q3 net skids 33%

Written by fe Bureau | Updated: Jan 31 2010, 05:52am hrs
Gammon Infrastructure Projects Ltd on Saturday announced a 33.24% drop in its net profit to Rs 2.41 crore for the third quarter ended December 2009 against Rs 3.61 crore recorded in the corresponding quarter last year. However, net sales stood at Rs 32.46 crore during the quarter under review, up 384.47% from Rs 6.70 crore recorded in the year-ago period. The dip in net profit was due to rise in operation and maintenance cost, which rose to Rs 26.12 crore from Rs 1.01 crore.

JK Cement PAT soars 62.15%

JK Cement on Saturday reported 62.15% rise in its net profit to Rs 46.49 crore for the third quarter ended December 31, over the same period corresponding fiscal. Total Income rose to Rs 433.16 crore for the quarter against Rs 363.35 crore, JK Cement said in a filing to the Bombay Stock Exchange. For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 182.09 crore against Rs 82.56 crore for the same period last fiscal.

Orchids Q3 losses mount

Orchid Chemicals & Pharmaceuticals Ltd (Orchid) achieved a turnover and operating income of Rs 332.6 crore for the quarter ended December 31, 2009, against Rs 310.21 crore registered during the corresponding third quarter of last fiscal. The company registered a loss of Rs 16.86 crore (which included the exceptional item gain of Rs 3.81 crore) compared to a loss of Rs 6.31 crore (which included the exceptional item loss of Rs 31.15 crore) of the corresponding quarter last fiscal.

Syndicate Bank profit dips

Public sector lender Syndicate Bank on has registered a 42.27% drop in its net profit to Rs 205.72 crore for the third quarter ended December 31, 2009, over the same period last fiscal. Total income declined to Rs 2,676.94 crore for the quarter against Rs 2,758.52 crore, Syndicate Bank said in a filing to the Bombay Stock Exchange (BSE).

Tulip Telecom net at Rs 68.60 cr

IT solutions provider Tulip Telecom on Saturday said its consolidated net profit rose by 38.19% to Rs 68.60 crore for the third quarter ended December 31 over the same period corresponding fiscal. Total revenue rose to Rs 500.86 crore for the latest quarter against Rs 441.78 crore for the same period previous fiscal, Tulip Telecom said.

GVK Power net zooms two fold

GVK Power & Infrastructure has said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal. Net sales of the company increased to Rs 473.50 crore for the quarter against Rs 104.34 crore for the same period last fiscal. For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore.