JSW Energy Q1 net profit declines to Rs190 crore

On a consolidated basis, JSW Energy net profit fell to Rs136.31 crore from Rs298.64 crore in the year-ago quarter

JSW Energy Ltd standalone net profit for the quarter ended 30 June 2011 declined to Rs190.26 crore from Rs327.20 crore in the corresponding quarter last year. Total revenue increased to Rs1,198.85 crore from Rs922.18 crore in the corresponding quarter of the preceding year.

On a consolidated basis, its net profit fell to Rs136.31 crore from Rs298.64 crore in the year-ago quarter. Total revenue rose to Rs1,294.48 crore from Rs962.87 crore in Q1FY11.

On Thursday, JSW Energy ended 6.64% down at Rs71 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.36% to 18,436.19.

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Godrej Properties signs MoU with State Bank of India

Both companies plan on hosting various co-promotional activities for customers in India as well as for NRI’s in countries like the UK, US and Singapore

Godrej Properties Ltd (GPL) has entered a memorandum of understanding (MoU) with State Bank of India (SBI) to create multiple platforms to make their projects and services available to customers across India and abroad.  

Both companies jointly plan on hosting various co-promotional activities for customers in India as well as for NRI's in countries like the UK, US and Singapore.  These promotional platforms will include seminars, workshops, exhibitions, and road shows. GPL will showcase their sustainable homes while SBI Home Loans will consider offering favourable home loan rates for GPL's residential properties in Ahmedabad and Kolkata. These favourable terms could eventually be extended to other Godrej Properties' residential projects as well.

On Thursday, GPL ended 0.26% up at Rs800.10 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.36% to 18,436.19.

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Crisil’s Q1 net profit jumps 33.44% to Rs44.45 crore

CRISIL posts quarterly net profit of Rs44.45 crore on an income of Rs203.79 crore

Leading ratings agency Crisil has reported a 33.44% jump in its net profit to Rs44.45 crore for the quarter ended 30 June 2011.

The company had posted net profit of Rs33.31 crore in the corresponding April-June quarter last year. Crisil's consolidated total income was up 34.77% to Rs203.79 crore during the reporting period.

The company's Board of Directors also declared an interim dividend of Rs27.50 per share, a statement issued said.

On Thursday, Crisil ended 9.42% up at Rs7,889.55 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.36% to 18,436.19.

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