HPCL posts Rs 15.73 cr loss; L&T net at Rs 482 cr

Written by Agencies | Mumbai, New Delhi, Chennai, Bangalore, Pune, Jan 28 | Updated: Jan 30 2008, 17:30pm hrs
State run Hindustan Petroleum Corporation (HPCL) posted a loss in the quarter ended in December 2007. During the quarter, the company registered a loss of Rs 15.73 crore. Net sales for the quarter rose 22.42% to Rs 27,117 crore compared to Rs 22,150.2 crore in the corresponding quarter, a year ago.

Total income rose 22.25% to Rs 273,81.47 crore for the quarter ended December 2007 from Rs 22,396.79 crore for the same period last year.

The gross refining margins (GRMs) for the nine months ended December 31, 2007 were US$ 6.17 per BBL for Mumbai refinery and US$ 6.30 for Visakhapatnam refinery.

L&T net grows 40%

Engineering and construction (E&C) giant Larsen & Toubro Limited (L&T) on Monday said the companys profit after tax (PAT) for the quarter ended December 31, 2007 stood at Rs 482 crore, a growth of 40% over the corresponding quarter of the previous year. Gross sales and service revenue posted a y-o-y (year on year) growth of 54%, at Rs 6,462 crore for the quarter. The share of revenue from international operations constituted 18% of the gross revenue. Order inflow during the quarter, at Rs 13,019 crore, increased 37%. The performance reflected sizeable capital investment programmes and several new orders received by it, L&T said.

VSNL net dips

Videsh Sanchar Nigam Ltd (VSNL) on Monday, posted a dip in net profit at Rs 9.52 crore for the quarter ended December 31, 2007 as compared to Rs 142.28 crore for the quarter ended December 31, 2006. Total income increased from Rs 1,112.25 crore for the quarter ended December 31, 2006 to Rs 1,113.52 crore.

Britannia PAT jumps 176.8%

Britannia Industries Ltd posted 176.8% growth in net profit for the third quarter ended December 2007 to record Rs 45.4 crore as against Rs 16.4 crore during the corresponding period of the previous year. The net sales also showed 15.6% growth to touch Rs 656.4 crore as against Rs 567.6 crore. The sustained profit recovery by the food company also saw it operating margin improve by 4.4% for the third quarter. The company achieved a growth of 16% in the quarter in an extremely competitive environment and industry growth of 12%. Simultaneously, we improved margin. The 440 basis points improvement in margin was possible due to higher price realisation and continued focus on operational efficiencies. Investment in advertising and sales Promotion increased by 70% to support our brand building initiatives, managing director Vinita Bali said in a statement in Bangalore on Monday.

IHCL reports 31% growth

Indian Hotels Company Ltd (IHCL) has reported 31% growth in profit after tax to Rs 134.6 crore for the quarter ended December 31, 2007 as compared with Rs 102.6 crore during the corresponding period last year. Total income also grew by 15% to Rs 527.11 crore for the quarter ended December 31, 2007 as against Rs 458.23 crore, a year ago. During the quarter the company signed management contracts for operating hotels in Saraya Island, United Arab Emirates (UAE) and Puducherry. The company also made an investment of $ 246.9 million in the Orient Express Hotels during the quarter through its 100% overseas subsidiary Samsara Properties Ltd, now holding 11.57% of the Common Stock A of the Orient-Express Hotel.

Tata Tea post Rs 58 cr profit

Tata Tea Ltd, Indias largest volume company on Monday reported a net profit of Rs 58 crore for the third quarter ended December 31, 2007 as against Rs 94 crore during the corresponding period of the previous year. The companys total income increased from Rs 298 crore for the quarter ended December 31, 2006 to Rs 401 crore for the quarter ended December 31, 2007.

The group has posted a consolidated net profit of Rs 1307 crore for the quarter ended December 31, 2007 as compared to Rs 1171 crore for the quarter ended December 31, 2006. The groups total income increased from Rs 1119 crore for the quarter ended December 31, 2006 to Rs 1189 crore for the quarter ended December 31, 2007.

JSW Steel net dips 10.86%

JSW Steel Ltd on Monday announced that the company reported a fall on its net profit to Rs 328.18 crores for the quarter ended December 31, 2007 against Rs 368 crore in the corresponding quarter last year. Total income for the quarter stood at Rs 2,563.08 crore against Rs 2,317 crore last year. JSW Steel Ltd share on Monday were down Rs 20.35 or 2.10% to close at Rs 947.15on the Bombay Stock Exchange.

HCL PAT at Rs 81.4 cr

HCL Infosystems Ltd said it posted a profit after tax (PAT) of Rs 81.4 crore for the quarter ended December 31, 2007 as against Rs 76.0 crore in the corresponding quarter of the previous year, a growth of 7%. Consolidated revenues stood at Rs 3,306.6 crore during the quarter ended December 31, 2007 as against Rs 2,968.9 crore in the corresponding quarter of the previous year, a growth of 11%.

Revenue from the computer systems business was Rs 911.0 crore as against Rs 652.8 crore earlier, a growth of 40%. Consolidated EPS for the quarter was Rs 4.8 per share as against Rs 4.5 per share in the corresponding quarter of the previous year.

Man Industries posts steady jump

Man Industries, leading player in the Saw Pipe segment disclosed a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 25.86% rise in profit to Rs 2,073 crore, compare to Rs 1,647 crore in the same quarter in last year. Total Income rose 26.47% to Rs 41,372 crore for the quarter ended December 2007 from Rs 32,711 crore for the same period last year.

Bharati Shipyard net jumps

Bharati Shipyard, countrys major private shipyard, on Monday reported 45.32% jump in net profit for the quarter ended December 31, 2007 to Rs 26.69 crore as compared to Rs 18.37 crore during the corresponding period last fiscal. The net sales for Q3FY08 rose by 79.05% to Rs 160.64 crore as against Rs 89.71 crore during the corresponding period year.

eClerx PAT at Rs 12.46 crore

eClerx Services Ltd (ESL) announced a net profit of Rs 12.46 crore for the quarter ended December 31, 2007 on a revenue of Rs 34.7 crore. The net profit for the nine month period stood at Rs 29.42 crore on a revenue of Rs 87.4 crore. PD Mundhra, executive director said, During the quarter, the business witnessed robust growth across verticals and we also improved margin performance by achieving better price realisations in new engagements and improving operational efficiencies.

Kolte-Patil reports 25% dip in net

Kolte-Patil Developers Limited reported a 25% drop in its net profit from Rs 43.97 crore for December 31, 2006 to Rs 32.99 crore for the year ended December 31, 2007. PAT before minority interest stood at Rs 35.54 crore as against Rs 43.97 crore in the same quarter the previous year. PBT stood at Rs 51.2 crore Q3 FY07 as compared, a 3.73% drop from Rs 53.22 crore in the same quarter last year. Total income grew by 45% to Rs 129.4 crore this quarter as compared to Rs 89 crore for the same quarter last year.