IOC Q3 net up 17% to Rs 2,091cr
Indian Oil Corporation today announced a 16.70% rise in net profit at Rs 2,090.69 crore for the quarter ended December 31, 2007 when compared with Rs 1,791.37 crore in Q3FY07.
According to a release issued to the Bombay Stock Exchange, total income increased to Rs 65,404.84 crore for the quarter ended December 31, 2007 from Rs 56,438.16 crore for the quarter ended December 31, 2006.
Unitech Q3 net up 39% at Rs 526cr
Real estate firm Unitech today reported a 39% increase in consolidated net profit at Rs 525.78 crore for the third quarter ended December 31, 2007 when compared with Rs 377.84 crore in Q3FY07.
Total income of the group during the quarter under review was Rs 1,165.11 crore, up 19% from the corresponding period last fiscal, the company said in a release today.
ACC FY07 net up 15% at Rs 1,427cr
ACC today announced a 15.14% increase in net profit at Rs 1,427.34 crore for the year ended December 31, 2007 when compared with Rs 1,239.60 crore for the year ended December 31, 2006.
According to a release issued to the BSE, total income increased to Rs 7,189.43 crore in FY07 from Rs 5,984.56 crore in FY06.
The company, on a standalone basis, reported a net profit of Rs 1,438.59 crore in FY07 as against Rs 1,231.84 crore in FY06. Total income increased to Rs 7,135.97 crore from Rs 5,945.13 crore in FY06.
The board today approved a final dividend of Rs 10 per share for FY07.
Along with the interim dividend of Rs 10 per share paid earlier, the total dividend for FY07 is Rs 20, the release added.
Uttam Galva Steels Q3 net up 29%
Uttam Galva Steels has recorded a net profit of Rs 29.15 crore in the quarter ended December 31, 2007, an increase of 29% over the same period last year.
Net sales for the quarter touched Rs 582.69 crore, up 12%.
For the nine months (April-December 2007), net profit stood at Rs 93.39 crore, up 14%.
Ankit Miglani, director (commercial), Uttam Galva Steels, said focus on value-addition combined with operational efficiencies contributed to a healthy bottomline.
“With the completion of our expansion plans in their final stages, we will be better equipped not only to fulfill diverse customer needs in the domestic market but also further consolidate our presence in the global markets in the quarters ahead,” he said.
The company has crossed exports of two million tonne of value added steel. In the last one year, Uttam Galva has increased its exposure to the export markets from 120-135 countries. The company has entered into an agreement with Ispat Industries to buy five lakh tonne of hot rolled (HR) coils per annum making it the sole domestic supplier of HR coils to Uttam.
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