Kale Consultants June quarter consolidated PAT stood at Rs4 crore

On a standalone basis, Kale recorded revenues of Rs32.97 crore for the quarter ended 30 June 2011

Kale Consultants Ltd has recorded consolidated revenues of Rs43.8 crore for the quarter ended 30 June 2011 compared to Rs42.22 crore in the corresponding period. The consolidated PAT stood at Rs3.09 crore compared to Rs6.30 crore in the corresponding period.

On a standalone basis, Kale recorded revenues of Rs32.97 crore for the quarter ended 30 June 2011 compared to Rs33.51 crore during the corresponding period. Standalone PAT for the period stood at Rs2.24 crore compared to Rs4.77 crore in the corresponding period.

Vipul Jain, managing director, said, "Strategic decisions taken last year like divesting the logistics business and aligning of accounting standards to international practices has resulted in a one-time impact. Now that we are part of the Accelya Group, we are working towards joint go-to-market strategies to leverage the expanded reach and customer relationships. We are also introducing new services to widen our market."  

In the late afternoon, Kale Consultants was trading at around Rs78.55 per share on the Bombay Stock Exchange, 1.81% up from the previous close.

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Toyota Kirloskar Motor registers 99% growth in sales

13,592 units sold in July 2011

Toyota Kirloskar Motor (TKM) registered sales of 13,592 units in July 2011 compared to 6,834 units in July 2011. The company sales grew by 99% when compared to the corresponding period last year.

Sandeep Singh, deputy managing director, marketing, TKM said, "The July month has seen an impressive growth indicative of growing volumes and increasing sales of Toyota vehicles in India. The customer response to Etios and Etios Liva has been very good. Etios and Etios Liva sold 4,095 units and 2,551 units respectively in July 2011. The New Corolla Altis has been received well, with the vehicle registering a growth of 22% with 1,030 units sold in July 2011."

Innova registered sales of 4,816 units in July 2011, followed by 1,060 units of Fortuner.

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8.2% GDP growth projection not disappointing: FM

Finance minister Pranab Mukherjee, however, noted, "There are certain aspects which are also positive," like impressive export growth and a reduction in India's current account deficit

New Delhi: The 8.2% growth projection for the Indian economy in FY11-12 is not 'disappointing', in light of the uncertainty in major economies the world over, reports PTI quoting finance minister Pranab Mukherjee.

"In the overall global scenario, when European recovery is fragile and US recovery is uncertain, I don't think that 8.2% (projected growth) is disappointing," he told reporters here.

The Prime Minister's Economic Advisory Council (PMEAC) yesterday lowered the country's gross domestic product (GDP) growth projection for the current fiscal to 8.2% from 9% earlier, citing the uncertain global outlook, high domestic inflation and subdued industrial performance.

The finance minister, however, noted, "There are certain aspects which are also positive," like impressive export growth and a reduction in India's current account deficit.

The robust growth in exports indicates that Indian merchandise has found a diversified global market, he added.

During the April-June quarter, exports grew by 45.7% to $79 billion.

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