Infinite Computer Q1 consolidated net profit up at Rs29.97 crore

Infinite Computer registered net profit of Rs24.35 crore for the quarter ended 30 June 2010

Infinite Computer Solutions (India) Ltd has reported net profit was at Rs29.97 crore for the quarter ended 30 June 2011 against Rs24.35 crore for the quarter ended 30 June 2010.

During the same period, the company registered net sales of Rs262.32 crore against Rs193.74 crore.
 
In the late afternoon, Infinite Computer was trading at around Rs104 per share on the Bombay Stock Exchange, 0.38% down from the previous close.

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Godrej Properties, Jet Airways sign development agreement

The real estate developer acquires development rights from Jet Airways to develop a commercial building

Godrej Properties Ltd (GPL), the real estate development arm of the Godrej Group, today announced that it has entered an agreement with Jet Airways Ltd to develop the latter's property, C-68, G Block, Bandra-Kurla Complex (BKC), in Mumbai.

GPL will develop an approximately 1 million sq ft, of saleable area, office building that will be completed in a three year period. GPL will take on the Rs360 crore debt obligation Jet Airways has on the property and will also pay Jet Airways Rs135 crore to compensate them for expenses that have already been incurred. Additionally, GPL has agreed to sell 161,460 sq ft of carpet area to Jet at development cost. This space will be used as the new headquarters for Jet. GPL and Jet will share the profits from the development in a 50:50 ratio.

In the late afternoon, GPL was trading at around Rs726 per share on the Bombay Stock Exchange, 0.6% up from the previous close.

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Omkar Speciality Chemicals Q1 PAT up by 100%

Omkar Speciality profit after tax for the quarter ended 30 June 2011 stood at Rs4.02 crore

Omkar Speciality Chemicals Ltd has reported a robust growth in revenues and profit after tax for the quarter ended 30 June 2011.

The profit after tax for the quarter ended 30 June 2011 stood at Rs4.02 crore, resulting into an increase of 100.66%, against Rs20.03 crore in the corresponding period of the last fiscal year.

The company reported an increase in net sales by 89.84% from Rs22.41 crore to Rs42.55 crore during the same period.

In the late afternoon, Omkar Speciality was trading at around Rs60.25 per share on the Bombay Stock Exchange, 5.12% up from the previous close.

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