Hindustan Zinc Ltd (HZL) on Tuesday announced that the company has reported a fall of 18% in its net profit to Rs 960 crore for the second quarter ended September 30, 2008 against Rs 1,168 crore in the corresponding period last year.

The company’s net sale for the period stood at Rs 1,744 crore, down 12% as compared to Rs 1,984 crore last year. “The positive impact of the higher metal volumes and the depreciation of the Indian rupee in Q2 was more than offset by the sharp decline in the zinc LME prices,” the company informed.

USL Q2 net up 17%

Vijay Mallya-led United Spirits on Tuesday announced a net profit of Rs 14 crore for the second quarter ended September 30, a 17% growth over the corresponding period a year ago. During the period the company registered a jump of 20% at Rs 149 crore.

The EBIDTA margins during the same period has gone up by 24% to Rs 188 crore.

The company had reported a turnover of Rs 3,195.64 crore in the last fiscal and is targeting sales of Rs 3,900-4,000 crore by the end of this fiscal.

USL is expecting to grow around 22% in the next couple of years. Vijay Rekhi, USL President, said, “We are expecting to touch a revenue of Rs 5,000 crore by the end of next financial year. However, a lot will depend on the price of dollar during that time.”

During the same period the company has had a volume growth of 15%. For the first half year ended September 2008, the top end has added 5.3 million cases with a growth rate of over 16%. The company is bullish on the growth of its premium brands and is looking forward towards focusing more on them.

Polaris PAT surges

Polaris Software Lab Ltd (PSLL) has reported a 89% growth in its profit after tax (PAT) at Rs 34.43 crore for the quarter ended September 30, 2008 compared to Rs 18.22 crore PAT it posted during the same period last year. Consolidated revenue grew at 28% from Rs 273.55 crore to Rs 351.14 crore for the same period. On a sequential basis, revenue grew by 11% from Rs 316.98 crore to Rs 351.14 crore and profit rose by 27% from Rs 27.01 crore to Rs 34.43 crore. The US, EMEA (Europe, Middle East and Africa) and Asia Pacific and India contributions to the Q2 revenue are at 37.4%, 30.6% and 32% respectively.

Marico net at 45 cr

FMCG major Marico Ltd on Tuesday reported a net profit of 45.1 crore for the quarter ended September 30, 2008 as compared to Rs 38.1 crore for the quarter ended September 30, 2007. The company’s total income has increased from Rs 388 crore for the quarter ended September 30, 2007 to Rs 491.3 crore for the quarter ended September 30, 2008.

The Group has posted a consolidated net profit of Rs 47.1 crore for the quarter ended September 30, 2008 as compared to Rs 42.2 crore for the quarter ended September 30, 2007, an increase of 11.5%.

Wockhardt net dips

Wockhardt has registered a net profit of Rs 62.19 crore for the second quarter ended September 30, 2008, a 43% decline over the corresponding period last year. The company had a net profit of Rs 108.3 crore for the second quarter of FY ’08.

Income from operations rose to Rs 923.48 crore for the quarter under review, from Rs 738.12 crore in the same period last year.

For six months ending September 2008, the company has reported a net profit of Rs 218.86 crore, against Rs 276.96.

Tech Mahi net up

Tech Mahindra, on Tuesday reported a 66.7% growth in net profit at Rs 302.8 crore for the second quarter ending September 30, 2008 from Rs 181.6 crore in same quarter last year and a 17% Q-o-Q growth from Rs 258.5 crore.

The company’s revenue stood at Rs 1,164.8 crore in this quarter, a growth of 29.8% from Rs 897.5 crores and q-o-q growth of 4.33% from Rs 11,16.4 crore. Tech Mahindra also gained a UK tax write back of $15.3 million (Rs 67.3 crore) that helped to push up the results for the company.

The company reported a mark to market losses of $26.4 million as against a loss of $ 58 million in the last quarter.

Fall in ALL Q2 net

Ashok Leyland Ltd has reported a sharp drop in its net profit for the second quarter ended September 30, 2008 to Rs 67.24 crore as against Rs 80.33 crore during the same quarter last year. The net sales during the quarter, however, increased to Rs 1,866.40 crore compred to Rs 1,745.89 crore.

Crompton net rises

Electrical engineering goods manufacturer Crompton Greaves today said it has posted consolidated net profit of Rs 120.12 crore for the second quarter ended September 30, whereas it had reported a Rs 90.94-crore profit in the corresponding period last year.

The total income rose to Rs 2,098.35 crore for the quarter under review, from Rs 1,583.61 crore for the corresponding period year ago. For six months ending September 30, the company reported a net profit of Rs 242.73 crore, while it had a net profit of Rs 180.84 crore in the same period last year.

Jaiprakash PAT up

Infrastructure firm Jaiprakash Associates announced a net profit of Rs 203.13 crore for the second quarter ended September 30, a 96.03% growth over the corresponding period a year-ago. The company had a net profit of Rs 103.62 crore in the second quarter of FY’08, Jaiprakash Associates said in a filing to the BSE. The total income rose to Rs 1,286.63 crore in the quarter under review, from Rs 922.20 crore in the same period last year.

NIIT net at Rs 30 cr

NIIT Ltd announced on a consolidated basis that the company has posted an increase of 41% in its net profit to Rs 29.7 crore for the quarter ended September 30, 2008. The company has reported an increase of 15% in its revenue to Rs 309.5 crore for the quarter ended September 30, 2008.

Corporate order intake of the company is up 38% y-o-y at $ 38.4 million.

RNRL net climbs

Reliance Natural Resources Ltd (RNRL) has posted a net profit of Rs 20.1 crore for the quarter ended September 30, 2008 as compared to Rs 19.15 crore for the quarter ended September 30, 2007.

Total income has increased from Rs 61.31 crore for the quarter ended September 30, 2007 to Rs 80.91 crore for the quarter ended September 30, 2008.

Indiabulls net jumps

Indiabulls Financial Services announced a consolidated net profit of Rs 135.7 crore for the second quarter ended September, a 21.4% growth over the corresponding period year ago.

The company had a consolidated net profit of Rs 111.8 crore in the same period of FY’08, Indiabulls Financial Services said in a filing to the BSE.

The total revenues rose to Rs 641.5 crore for the quarter under review, from Rs 350.5 crore in the same period last year. For the six-month ended September 30, the financial services provider reported a net profit of Rs 284.7 crore, against Rs 227.4 crore last year.

The total revenues rose to Rs 1,206.1 crore in the current quarter, from Rs 674.2 crore in the same period year-ago.