Vedanta Resources quarterly net profit leaps 35%
Vedanta Resources on Thursday reported a jump of 35% in earnings to $895.4 million in the October-December quarter of 2010, boosted by robust metal production. The company registered an earnings before interest, tax, depreciation and amortisation (EBITDA) of $662.5 million in the quarter ended December 31, 2009, the Anil Agarwal-led company said in a statement. Vedantas total revenues increased to $3.07 billion in the third quarter ended December 31, 2010, from $2.14 billion in the year-ago period, registering a growth of 43.5%.
Tata Tele (Maharashtra) net loss at Rs 79.58 crore
Tata Teleservices (Maharashtra) on Thursday reported a net loss of Rs 79.58 crore for the quarter ended December 31, 2010. The company registered a net loss of Rs 100.76 crore in the same period last fiscal, Tata Teleservices (Maharashtra) said in a filing to the Bombay Stock Exchange. Total income declined to Rs 577.44 crore in the October-December quarter ended 2010, compared to Rs 593.70 crore in the same period previous fiscal.
Tata Chem net slides 22% on margin squeeze
Shares of Tata Chemicals fell 6.13% on the BSE on Thursday after the company said consolidated net profit for the third quarter of the current financial year fell 22% to Rs 164.57 crore from Rs 212.37 crore in the previous corresponding period. The company attributed the fall in profit to a squeeze in margins as an extreme winter impacted European operations and planned shutdown at its Moroccan unit IMACID hit production for around 35 days. Moreover, the company continued to be plagued by rising input costs, although these have been partially mitigated through an increase across decontrolled products.
SpiceJet profit declines 13.3% to Rs 94.4 crore
Low-cost carrier SpiceJet on Thursday reported a 13.3% decline in its net profit to Rs 94.4 crore for the quarter ended December 31, 2010. The airline, however, registered a 28% jump in its total revenue to Rs 830.13 crore during this period on increased passenger base and higher tariff. The airline stock fell 7.35% to Rs 68.70 on Thursday on the BSE over the previous close.
Lupin profit rises 39% to Rs 224 crore
Lupin said its net profit grew 39% to Rs 224 crore for the third quarter, compared to Rs 160.6 crore a year ago. Net sales grew 17% to Rs 1,467.2 crore during the quarter, compared to Rs 1,255.4 crore in the year-ago period.
Thermax net profit surges 77.36% to Rs 100.21 crore
Thermax registered a 77.36% growth in net profits to Rs 100.21 crore for the third quarter of FY 11 compared to Rs 56.50 crore in the same quarter last year. Total income during the third quarter went up 66% to Rs 1,241.16 crore from Rs 748.25 crore for the corresponding period last year.