Tata Comm Q3 net zooms 3-fold; Rel Infra profit up 10%

Written by fe Bureau | Mumbai, Bangalore, New Delhi | Updated: Jan 30 2010, 05:43am hrs
Tata Communications on Friday said its net profit surged over three fold to Rs 281.80 crore for the third quarter ended December 31, over the same period previous fiscal. The companys revenues from telecommunication services declined to Rs 769.75 crore for the latest quarter against Rs 999.48 crore for the same period last fiscal, Tata Comm said.

Reliance Infra net at Rs 277 cr

Anil Ambani Group firm Reliance Infrastructure has reported a growth of 10.35% in its net profit at Rs 277 crore for the third quarter ended December 31, 2009, over the same period last year. However, total operating income declined to Rs 2,287.49 crore for the quarter ended December 31, from Rs 2,717.63 crore in the same quarter previous fiscal, Reliance Infrastructure said

Siemens profit falls 28%

Siemens Ltd on Friday reported a fall of 28% in net profit for the first quarter ended December 31, 2009, to Rs 236.41 crore against Rs 330.58 crore in the corresponding period last year. The figures are not comparable with same period of the previous year as the profit after tax (PAT) includes dividend of Rs 223 crore received from Siemens Information System and Siemens Information Processing systems Private, the company said.Siemens net sales during the quarter stood at Rs 1,834 crore. New orders for Siemens rose by 161% to Rs 5,168 crore and net sales increased by 13% to Rs 1,834 crore.

Tata Chem net at Rs 212 crore

Tata Chemicals said its consolidated net profit surged over two times to Rs 212.37 crore for the third quarter ended December 31, 2009, over the same period in the previous fiscal. Net sales declined to Rs 2,622.28 crore for the latest quarter against Rs 3,647.53 crore for the same period last fiscal. For the nine month period ended December 31, 2009, the company posted a net profit of Rs 477.71 crore against Rs 475.91 crore for the same period last fiscal. On standalone basis, the company posted a net profit of Rs 102.64 crore against Rs 5.83 crore for the same period a year ago.

AB Nuvo back in black

Aditya Birla Nuvo on Friday said it posted a net profit of Rs 8.2 crore for the third quarter ended December 31, 2009, as compared to a net loss of Rs 156.4 crore in the corresponding quarter last year. The companys net sales during the quarter stood at Rs 4,085 crore, up 18.15% against Rs 3,457.6 crore in Q3 FY09. The performance was largely driven by improved profitability in the manufacturing businesses coupled with reduced losses in the life insurance, BPO and garments businesses, the company said.

GMR Infra profit plunges

GMR Infrastructure Ltd has reported a dip of 85% in net profit at Rs 9.2 crore for the third quarter of the fiscal compared to profits of Rs 61.3 crore posted for the corresponding period past year. The companys revenues during the period were up 11%, at Rs 1,066.7 crore from revenue of Rs 958.9 crore recorded for Q3 fiscal 2009. The energy sector contributed the highest to the companys revenue pie in Q3, accounting for revenues of Rs 441.9 crore , while revenues from airports, EPC and others; and roads were at Rs 387.5 crore, Rs 146 crore and Rs 91.3 crore respectively.

P&G net up 58%

Procter & Gamble Hygiene and Health Care on Friday said its net sales for the October-December 2009 quarter grew 22% to Rs 274.6 crore from Rs 225.6 crore in the corresponding quarter from the previous year. The companys net profit rose by 58% to Rs. 74.5 crore from Rs. 47.1 crore for the same period last year. P&Gs profit before tax for the October-December 2009 quarter grew by 70% to Rs. 98 crore from Rs 58 crore during the October-December 2008 period.

JSL emerges out of red

JSL Ltd, the flagship company of the OP Jindal group, posted a PAT of Rs 101 crore in the third quarter of this financial year compared to a loss of Rs 378 crore in the corresponding quarter last year. Net sales of the company increased 66% to touch Rs 1,398 crore in the third quarter of this financial year from Rs 841 crore in the corresponding quarter last year.

Madras Cements net falls

Madras Cements Ltd reported a sharp fall in the profit after tax to Rs 16.01 crore for the quarter ended December 31, 2009, as compared to Rs 62.73 crore of the corresponding quarter of the previous year, a decrease of 74% due to a steep fall in the cement prices in the southern states during the quarter.

Titan profit triples

Titan Industries Ltd has seen profit after tax triple for the third quarter ended December 31, 2009, in the back drop of improving market conditions. Profit after tax for the quarter was at Rs 78.35 crore as against Rs 23.52 crore in the corresponding quarter last fiscal, the company said. The company also recorded a growth of 29.5% in income, which was up from Rs 1034.88 crore last year to Rs 1399.77 crore in the third quarter this year.

RCF profit up

Rashtriya Chemicals and Fertilisers Ltd posted a net profit of Rs 77.7 crore for the quarter ended December 31, 2009, as compared to Rs 68.7 crore for the quarter ended December 31, 2008. Total income decreased from Rs 2,311 crore for the quarter ended December 31, 2008 to Rs 1,620 crore for the quarter ended December 31, 2009.

Sundram Fasteners net zooms

Sundram Fasteners net profit for the third quarter ended December 31, 2009, zoomed to Rs 21.45 crore as compared to Rs 64 lakh during the same quarter in the previous financial year. Owing to increased sale due to sharp recovery in auto industry, net sales shot up to Rs 359.40 crore for quarter as against Rs 286.62 crore for the corresponding quarter of previous financial year, the company said.

BEL profit rises 82%

State-run defence PSU Bharat Electronics Ltd (BEL) posted a growth of 82% in net profit at Rs 223 crore, up from Rs 122 crore recorded in the same period a year ago. During the period, total income increased to Rs 1,284 crore from Rs 716 crore, the company said in a statement filed with BSE on Friday.

BEML net falls 21%

Defence PSU BEML Ltd posted a net profit of Rs 46.6 crore in the third quarter ended December 2009, down by 20.6% from Rs 58.7 crore reported in the same period a year ago. During the period, the companys turnover increased to 709 crore from Rs 680 crore, the company said in a statement filed with BSE on Friday.

Dalmia Cement profit flat

Dalmia Cement (Bharat) Ltd reported a marginal fall in its net profit for the third quarter ended December 31, 2009, to Rs 23 crore as against Rs 24 crore reported during the same quarter last financial year. Net sales for the quarter under review shot up to Rs 519 crore as against Rs 404 crore over the corresponding period last year, an increase of 28%.

GTL net profit up 86%

GTL Ltd said net profit from global operations for the quarter ended December 31, 2009, was at Rs 58.82 crore against Rs 31.64 crore, up 86% from the corresponding quarter in the previous year. Revenue were at Rs 561.06 crore for the quarter ended December 31, 2009, up 20% as against Rs. 467.75 Crores for the corresponding quarter in the previous year.

Sobha Developers net up 8-fold

Bangalore-based realty firm Sobha Developers on Friday reported an over eight-fold jump in its profit after tax (PAT) for the quarter ended December at Rs 40.8 crore on account of cash flow from asset sales against Rs 7.5 crore in the same period last fiscal. Its turnover surged by 65.35% to Rs 310.2 crore from Rs 187.6 crore in the year-ago period.

Sundaram Finance net up 80%

Chennai-based non-banking finance company Sundaram Finance has reported a net profit of Rs 55.38 crore for the quarter ended December, registering an increase of 80.44% as compared to Rs 30.69 crore in the corresponding period of the previous fiscal. Total income from operations rose to 293.09 crore from Rs 274.02 crore, the company said.

CCCL PAT up 63%

Consolidated Construction Consortium Ltd (CCCL) reported a 62.6% jump in profit after tax (PAT) at Rs 21.22 crore in the third quarter ended December 31, 2009, as against Rs 13.05 core in the same period last fiscal. Total revenue rose to Rs 450.92 crore from Rs 431.59 crore in the same period last year.

KVB profit up 28%

Karur Vysya Bank (KVB) has posted a 28% rise in net profit to Rs 75.87 crore in the third quarter from Rs 59.25 crore in the corresponding quarter last fiscal. Total income went up to Rs 516.87 crore from Rs 506.40 crore. Net interest income grew by 29.32% to Rs 151.17 crore from Rs 116.90 crore.

Shoppers Stop income up

Indias leading retail group, Shoppers Stop Ltd, on Friday announced that total retail income for the quarter ending December 31, 2009, had grown 15% to Rs 427 crore from Rs 373 crore in the corresponding quarter of the previous year. Net profit for the September-December 2009 quarter was Rs 19 crore against a loss of Rs 20 crore for the same period last year. This is a jump of 194% compared to the same period last year.

Moser Baer profit at Rs 3.23 cr

Moser Baer India on Friday reported a net profit of Rs 3.23 crore for the quarter ended December 2009. The company had a net loss of Rs 25.7 crore during the corresponding quarter last year.