State-run Bongaigaon Refinery & Petrochemicals on Friday announced a net loss at Rs 224 crore for the December quarter. The company had a net profit of Rs 84.99 crore for the same quarter in FY’08, Bongaigaon Refinery informed the Bombay Stock Exchange.

Total operating income of the company declined to Rs 1,112.07 crore for the quarter under review, while it had a total operating income of Rs 1,462.22 crore for the same quarter a year ago.

MMTC profit at Rs 25 crore

State-run MMTC on Friday reported a 36.41% dip in its net profit at Rs 24.91 crore for the third quarter ended December 31, 2008. The public sector trading major had a net profit of Rs 39.17 crore in the third quarter of FY’08, MMTC said in a filing to the Bombay Stock Exchange.

The total income nearly doubled to Rs 9,763.57 crore for the quarter under review, from Rs 4,884.86 crore in the same period a year-ago.

For the first nine months of this fiscal, MMTC reported a 8.59% growth in its net profit at Rs 125.45 crore.

HCC profit dips 7% at Rs 23 cr

Hindustan Construction Company Ltd (HCC) on Friday announced that the company has posted a drop of 7.2% in its net profit at Rs 23.2 crore for the third quarter ended December 31, 2008 against Rs 25 crore in the corresponding quarter last year. The net profit dipped due to increase in interest cost and foreign exchange losses, the company said. Turnover of the company for the period stood at Rs 876 crore, up 16.3% against Rs 753 crore last year.

The company’s order book during the quarter grew 35% to cross Rs 12,000 crore, it informed. Meanwhile, HCC’s operating margins in Q3 were up 9.5% at Rs 106 crore.

Zensar Tech profit rises 35%

Zensar Technologies posted a 35% growth in profits for quarter ended December 31, 2008. Revenue for the quarter rose 25% at Rs 249.43 crore from Rs 199.20 crore. Net income was at Rs 20.22 crore, up from Rs 15.02 crore in same quarter of the previous year.

Ganesh Natarajan, VC and MD, Zensar, said “Tough market conditions, coupled with additional threats to security, safety and more recently governance made for a challenging environment.” S Balasubramaniam, CFO, Zensar, said that the market continued to tread on uncertain ground and the adverse exchange rate movement would impact the industry in this quarter.

Zensar was adversely affected by the depreciation of key currencies to the extent of Rs 7 crore during the quarter. A Rs 1.55 crore tax provision for assessment relating to prior years also impacted the PAT.

Cholamandalam Ins premium up

Cholamandalam MS General Insurance Company posted a gross written premium (GWP) of Rs 526 crore during the period April-December 2008, surpassing the previous year’s GWP of Rs 522 crore in the same period.