Reliance Infra net up 25%; BSNL profit at Rs 575 crore

Written by fe Bureau | Agencies | New Delhi, Mumbai, Chennai, Pune | Updated: Aug 1 2009, 03:39am hrs
Anil Dhirubhai Ambani group company Reliance Infrastructure on Tuesday reported a net profit Rs 317 crore for the quarter ended June 30, 2009, compared to Rs 253 crore in the corresponding quarter of previous year, an increase of

25%. Total income rose by 7% to Rs 2,446 crore against Rs 2,290 crore. Annualised cash earnings per share reported at Rs 69 against Rs 56. The promoter subscribed 42.9 million share warrants convertible into equity for further capital inclusion of Rs 4,300 crore. Upon convernsion, company's networth will reach to over Rs 16,000 crore.

BSNL revenue at Rs 35.8 k cr

State-run BSNL declared a net profit of Rs 574.85 crore for the financial year 2008-2009. Total revenue of the company was Rs 35,811.92 crore for the same period. Explaining the poor performance, a statement released by the company stated, The profit of BSNL declined mainly on account of increase in employees cost due to implementation of pay commission recommendations and decline in revenue of fixed line services. As earlier reported by FE, the telco pays as high as 26% of its revenue as salaries and wages to its employees compared to just 4.5% by the countrys largest telecom operator Bharti Airtel.

PTC India net up 77%

Power trading firm PTC India's net profit increased to Rs 33.33 crore for the quarter ended June 30, 2009 as compared to Rs 18.84 crore for the corresponding period of previous year, a rise of 76.9%. Total income increased by 96% to Rs 2399.63 crore from Rs 1220.67 crore. For the year ended March 31, 2009, PTC's net rose to Rs 90.83 crore as compared to Rs 48.71 crore for the year ended March 31, 2008. PTC India has recommended a dividend at 12% for the FY 2008-2009.

Patni Computer Q2 net up

IT services provider Patni Computer Systems on Thursday said its consolidated net profit rose by 14.13% to Rs 135.97 crore for the second quarter ended June 30 over the same period last year. Total income rose to Rs 784.18 crore in the latest quarter against Rs 769.13 crore in the same quarter previous fiscal.

Tata Chem net jumps

Tata Chemicals has posted a 60.80% cent increase in its standalone net profit at Rs 94.40 crore in in the first quarter as against Rs 58.70 crore in the period a year ago. Revenues during this period went up by 19.40% at Rs 1,441 crore as against Rs 1,207 crore. The company's consolidated profit after tax declined to Rs 106 crore as against Rs 107 crore in the year-ago period.

MMTC profit dips

State-run trading firm MMTC on Thursday reported a net profit of Rs 41.27 crore for the first quarter ended June 30, 2009, down 23.23% over the corresponding period a year-ago. Total income declined to Rs 7,511.93 crore during the April-June quarter, from Rs 9,782.40 crore in the corresponding period a year-ago.

Berger Paints profit up

Berger Paints Indias net profit rose by 22.48% to Rs 28.38 crore for the first quarter ended June 30. Income from operations declined to Rs 372.63 crore in the latest quarter from Rs 378.16 crore in the corresponding period last year.

Jyoti Labs net rises 21%

FMCG company Jyothy Laboratories posted net sales of Rs 119.5 crore for the quarter ended 30 June, 2009, compared to Rs 98.5 crore for the corresponding period of last year, registering an increase of 21%. During the three-month period, the company reported a net profit of Rs 21.9 crore, an increase of 22% over Rs 18 crore during the same period last year.

Voltas net profit dips

Voltas Ltd has posted a 5% dip in net profit at Rs 80 crore for the quarter ended June 30, 2009, as compared to Rs 84 crore recorded during the previous corresponding period. The company has reported an 18% rise in sales at Rs 1,248 crore for the latest quarter compared to Rs 1,058 crore achieved during the previous corresponding period.

Bharati Shipyard net up

Bharati Shipyard, one of the leading private sector shipyards in India, has reported 25.49% rise in its net profit to Rs 37.25 crore for the first quarter ended June 30, 2009, as compared to Rs 29.68 crore during the corresponding period last year. The company also reported an increase of 48.27% in its revenue to Rs 304.49 crore for the same period as against Rs 205.37 crore for the corresponding quarter last year.

Total order book of the company now stands at Rs. 5065.5 crores.

Shri Lakshmi Cotsyn net up

Shri Lakshmi Cotsyn Ltd has posted a net profit of Rs 69.27 crore for the year ended June 30, 2009, registering an increase of 20.03% as compared to a net profit of Rs 57.71 crore posted in the same period of last year. Total revenue for the year stood at Rs 1171.59 crore, a rise of 25.03% as against Rs 936.99 crore in the year-ago period.

Ipca Lab net jumps two-fold

Drug firm Ipca Laboratories on Thursday said its net profit jumped more than two-fold to Rs 49.77 crore for the first quarter ended June 30. Income from operations rose to Rs 358.94 crore in the latest quarter from Rs 294.93 crore in the corresponding period last year.

Educomp Solutions net up

IT education services provider Educomp Solutions on Thursday said its consolidated net profit surged two-fold to Rs 36.27 crore in the first quarter ended June 30, 2009. Total revenue rose to Rs 209.17 crore in the latest quarter against Rs 89.12 crore in the same period last year.

Hexaware net soars

The non-cumulative, non-consolidated net profit of Hexaware technologies Ltd jumped around 90% at Rs 38.55 crore for the second (Apr-June) quarter against Rs 20.27 crore reported during the previous (Jan-Mar) quarter of the current fiscal. Net sales from the operations stood at Rs 121.04 crore compared with Rs 120.06 crore reported during the corresponding previous quarter. The company has declared a 30% interim dividend for the second quarter.

Malar Hospitals net up 127%

Malar Hospitals Ltd, an associate of Fortis Healthcare, has reported an all-time high revenue of Rs 14.2 crore for the quarter ended June 30, 2009, a growth of 156% over the corresponding quarter last fiscal. The profit after tax (PAT) surged by 127% at Rs 90 lakh as against Rs 40 lakh in the corresponding quarter during last fiscal.

Indiabulls Real Estate net dips

Indiabulls Real Estate Ltd has posted a 12.5% dip in net profit at Rs 5.95 crore for the quarter ended June 30, 2009, compared to Rs 6.80 crore reported during the previous corresponding period. The company has recorded a 3.94% rise in total income at Rs 34.78 crore for the quarter under review compared to Rs 33.46 crore in the year-ago period.

Sundaram Finance net at Rs 61.23 cr

Chennai-based Sundaram Finance has posted a net profit of Rs 61.23 crore in the first quarter of current fiscal as against Rs 37.28 crore in the same quarter previous year. Total income from operations stood at Rs 271.11 crore as against Rs. 248.01 crore , registering a growth of 9.31%.

RPG Life Sciences profits up

RPG Life Sciences Ltd, an RPG group company, recorded a 30% growth in its net profit to Rs 3.75 crore in the first quarter against Rs 2.88 crore in corresponding quarter last year. Net sales stood at Rs 39 crore in Q1 FY10 as against Rs 36.16 crore for the corresponding quarter last year, registering a growth of 8 %.

UTV posts loss

UTV Software Communications Ltd on Thursday announced its results for the quarter ending June 30, 2009. Its net loss stood at Rs 31. 75 crore for the quarter compared to Rs 25.08 crore in the same quarter last year. The company's revenue dipped to Rs 115.36 crore for the quarter compared to Rs 137.07 crore recorded in the same quarter last year.