Maruti Suzuki Q3 net up 24%
Maruti Suzuki India today reported a 24% increase in net profit at Rs 467.04 crore for the third quarter ended December 31, 2007 when compared with Rs 376.41 crore in Q3FY07.
According to a release issued to the BSE today, total income increased to Rs 4,844.80 crore for the quarter ended December 31, 2007 from Rs 3,807.90 crore in Q3FY07.
SAIL Q3 net up 31%
Steel Authority of India (SAIL) today reported a 31.5% rise in net profit (standalone) at Rs 1,934.66 crore for the third quarter ended December 31, 2007, when compared with Rs 1,471.19 crore in the corresponding quarter a year ago.
According to a release issued by SAIL to the BSE today, total income increased 12.4% to Rs 9,847.64 crore for Q3FY08 from Rs 8,760.16 crore in the quarter ended December, 2006.
Nalco Q3 net down 43%
Nalco today announced a 42.46% dip in net profit at Rs 329.44 crore for the quarter ended December 31, 2007 as against Rs 572.60 crore in Q3FY07.
According to a release to the Bombay Stock Exchange, the company's total income decreased to Rs 1247.26 crore for the quarter ended December 31, 2007 from Rs 1546.40 crore for the quarter ended December 31, 2006.
Havells India Q3 net up 44%
Electrical and power distribution equipment company Havells India’s net profit jumped 44% to Rs 37 crore in the quarter ended December 31, 2007 as against Rs 26 crore in the corresponding quarter in the previous year.
Revenue during the third quarter also increased by 37% to Rs 535 crore as against Rs 301 crore during the corresponding quarter of the last year, the company said in a statement.
The performance of the switchgear sales continued with the healthy trend, showing a growth of 52% to Rs 141 crore from Rs 93 crores achieved in the corresponding quarter of the previous year.
The cable & wire business segment showed a growth of 28% with Rs 241 crore as against Rs 189 crore in the same period last year.
Anil Gupta, joint managing director, Havells India, said: "The quarter gone by has been remarkable for the company wherein we consolidated our market share reflected in the financial performance. This performance reflects the fundamental strengths of our business model, which is driving us towards becoming the leading player globally in the electrical product and power distribution equipment space."
Aztecsoft Q3 net down 80% at Rs 2.2cr
Aztecsoft today reported 80% dip in net profit at Rs 2.19 crore for the third quarter of 2007-08 when compared to the same period last fiscal.
The company has attributed the massive dip to certain one-time costs such as a provision of bonus due to a retrospective amendment of Payment of Bonus Act, 1965; training of campus hires and; reduction in the currency exchange rate for the quarter by 2.23%.
The revenue for the period was Rs 63.31 crore, a 11.25% dip when compared to the corresponding quarter last fiscal.
On a year-on-year basis, the revenue growth in US dollar terms was around 14%.
The company has continued to take a hit following the transfer of the Offshore Development Centre (ODC) operations of Dendrite International. The Dendrite ODC, which contributed about 10% of Aztecsoft's consolidated revenue, was acquired by Dendrite International in January 2007.
The operating profit stood at Rs 2.54 crore, a 78% decline when compared to Q3 2006-07.
On a sequential basis, the net profit declined by 68% while the revenue improved marginally by 2.1%. In US dollar terms, the revenue grew by 5% quarter-on-quarter.
Great Eastern Shipping Q3 net up 77%
Great Eastern Shipping Company today announced a 77% increase in net profit at Rs 293.57 crore for the quarter ended December 31, 2007 when compared with Rs 165.85 crore in Q3FY07.
According to a release to the Bombay Stock Exchange, the company's total income increased to Rs 744.28 crore for the quarter ended December 31, 2007 from Rs 519.85 crore for the quarter ended December 31, 2006
Eicher Motors Q3 net declines 11%
Eicher Motors registered a 11.2 % decline in net profit at Rs 15.8 crore for quarter ended December 31, 2007 as against Rs 17.8 crore in the previous quarter year-on-year (yoy).
The company's total income (net of excise) grew 11 % for the quarter amounted to Rs 554.1 crores as against a total income (net of excise) of Rs 499 crore in the previous comparable quarter. Its EBITDA for the quarter declined 3.4% at Rs 36.5 crores when compared with Rs 37.8 crores in the previous quarter.
Asian Paints Q3 net up 66%
Asian Paints today announced a 66.50% increase in net profit at Rs 118.87 crore for the quarter ended December 31, 2007 when compared with Rs 71.39 crore in Q3FY07.
According to a release to the Bombay Stock Exchange, the company's total income increased to Rs 1,190.82 crore for the quarter ended December 31, 2007 from Rs 943.27 crore for the quarter ended December 31, 2006
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