Tata Tea net leaps 32%; GAIL profit plummets 30%

Written by fe Bureaus | Agencies | New Delhi, Mumbai | Updated: Oct 29 2009, 06:22am hrs
Tata Tea Ltd on Wednesday said consolidated net profit increased 32% to Rs 287.44 crore for the second quarter ended September 30, 2009, compared to the same period last fiscal. Announcing the results, Percy Siganporia, managing direfctor of Tata Tea, said, The companys consolidated total operating income for the quarter at Rs 1,403 crore grew 18% over the corresponding quarter of the previous year, driven by strong branded performance and aided by improved price realisation in key markets which offset the increase in commodity costs. On a standalone basis, the company posted a net profit of Rs 258.04 crore in the quarter under review, registering a five-fold increase from Rs 43.79 crore in the year-ago period.

GAIL net at Rs 713 cr

GAIL Indias net profit for the quarter ended September 30 dipped to Rs 713.23 crore against Rs 1,023.45 crore in the corresponding quarter of the previous year, a decrease of 30%. Total income, however, went up to Rs 6,371.10 crore from Rs 6,358.20 crore in the corresponding period a year ago, a rise of 0.20%.

Net sales stood at Rs 6,202.1 crore, a marginal increase of 1.19% over the same period in the previous year.

SpiceJet trims losses

SpiceJet reported a net loss of Rs 101 crore for the quarter ended September 2009 compared to a loss of Rs 198 crore same quarter last year. Traditionally, this is the weakest quarter for the industry. However, we continue to improve our load factor and today one out of every eight flyers choose SpiceJet. We also carry most passengers per departure than any other full service or low fare carrier in India, said Sanjay Aggarwal, CEO, SpiceJet.

Cipla profit up 82%

Cipla Ltd said its net profit rose by 82.08% to Rs 275.74 crore for the second quarter ended September 30, 2009, over the same period last fiscal. Total income increased to Rs 1,455.7 crore in the latest quarter against Rs 1,369.7 crore in the same period last year, Cipla said in a release.

MRPL net surges six-fold

Mangalore Refinery and Petrochemicals Ltd, a unit of ONGC, on Wednesday reported a six-fold jump in net profit at Rs 179.62 crore for the second quarter, largely on the back of better refining margins and inventory gains.

Shree Cement net up

Shree Cement has reported a growth of 169% in its net profit for the second quarter ended September 30, 2009, to Rs 289 crore. It had posted a net profit of Rs 107 crore in the corresponding quarter last fiscal. Turnover during the quarter also grew by 43% to Rs 900 crore from Rs 628 crore.

Amara Raja net jumps

Amara Raja on Wednesday said net profit jumped over two-folds to Rs 90.5 crore for the second quarter ended September 30, 2009, compared to the same period last year. Net sales rose to Rs 667 crore in the latest quarter ended September 30, against Rs 652.6 crore in the same period corresponding fiscal, Amara Raja said.

Hotel Leelaventure net falls

Hotel Leelaventure said for the second quarter ended September 30, 2009, its net profit after tax was at Rs 1.75 crore compared to Rs 24.05 crore in Q2 a year ago. Total income stood at Rs 91.12 crore against Rs 109.37 crore during the corresponding period in the previous year. The company reported an EBITDA of Rs 19.89 crore.

Firstsource PAT up 2.8%

Firstsource Solutions on Wednesday said profit after tax for the second quarter ending Sept 30, 2009 were at Rs 29.1 crore up 2.8% from Rs 28.2 crore in the same quarter last year and down 23.4% Q-o-Q compared to Rs. 38 crore for the quarter ended June 2009.