Mumbai-based ABC Bearings Ltd said its first quarter net profit rose to Rs5.9 crore from Rs2.4 crore in the same quarter a year ago.
In the June 2010 quarter, the company's total revenues increased to Rs49 crore from Rs30.4 crore a year ago.
On Friday, ABC Bearings shares rose 1.5% to Rs172 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.2% lower at 18,143 points.
Chennai-based BGR Energy Systems Ltd said it signed a joint venture agreements with Japan-based Hitachi Ltd and Germany-based Hitachi Power Europe GmbH to set up boiler and turbine manufacturing facility with an investment of Rs3,000 crore in India.
BGR Turbines Company (P) Ltd, the joint venture between BGR and Hitachi, will have its manufacturing facility in Tamil Nadu in which BGR Energy will hold 74% stake while Hitachi will hold the rest.
BGR's second joint venture with Hitachi Power Europe will be for supercritical steam generators for thermal power plants.
On Friday, BGR Energy shares gained 1.8% to Rs797 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.2% lower at 18,143 points.
Chennai-based education services provider EdServe Softsystems Ltd said its first quarter net profit rose 210% to Rs6.9 crore from Rs2.2 crore in the same quarter last year on robust revenues.
During the quarter to end-June, EdServe's total revenue increased 364% to Rs21.5 crore from Rs4.6 crore same quarter a year ago.
On Friday, EdServe shares declined 0.2% to Rs213 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.2% lower at 18,143 points.