Man Industries reports net profit of Rs25.67 crore in Q3

Man Industries reported net sales of Rs439.86 crore for the quarter ended 31 December 2010

Man Industries (India) Ltd, one of the leading pipe manufacturing companies, has reported a net profit at Rs25.67 crore during the quarter ended 31 December 2010, compared to Rs30.92 crore in the corresponding period a year.

The company has reported net sales of Rs439.86 crore for the quarter ended 31 December 2010 in comparison to Rs439.31 crore in the corresponding quarter last year.

"Considering the opportunities and the current economic condition, we are sure of registering an impressive financial performance for the whole of this year at the end of current fiscal," RC Mansukhani, chairman of the company said.

On Tuesday, Man Industries ended 2.05% down at Rs64.55 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.39% to 18,273.80.

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Tata Motors global wholesales rises by 16%

Tata Motors cumulative sales for the fiscal (April 2010–January 2011) are 868,583

The Tata Motors Group global wholesales, including Jaguar Land Rover, were 98,998 in January 2011, a growth of 16% over January 2010. Cumulative sales for the fiscal (April 2010-January 2011) are 868,583 higher by 27% compared to the corresponding period in 2009-10.

Global sales of all commercial vehicles - Tata, Tata Daewoo and the Tata Hispano Carrocera range - were 45,815 in January 2011, a growth of 14%. Cumulative sales for the fiscal are 408,761, a growth of 27%.

Global sales of all passenger vehicles were 53,183 in January 2011, higher by 17%. Cumulative sales for the fiscal are 4,59,822, a growth of 28%.

Global sales of Jaguar Land Rover in January 2011 were 20,377 vehicles, higher by 25%. Jaguar sales for the month were 3,056, higher by 3%, while Land Rover sales were 17,321, higher by 30%. Global sales of Tata passenger vehicles and the distribution offtake in India of Fiat cars were 32,806 for the month, higher by 13%. Cumulative sales for the fiscal are 2,64,003, a growth of 28%.

On Tuesday, Tata Motors ended 2.41% up at Rs1,237.85 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.39% to 18,273.80.

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CRISIL reports consolidated net profit of Rs205.47 crore for December quarter

In the December 2010 quarter, CRISIL registered consolidated total income of Rs631.05 crore for the year

CRISIL Ltd said its consolidated profit after tax for the quarter ended 31 December 2010 was Rs205.47 crore as against Rs160.78 crore in the previous year, an increase of 27.8%.

In the December 2010 quarter, CRISIL registered consolidated total income of Rs631.05 crore for the year, up from Rs538.99 crore in the previous year, an increase of 17.1%. The directors have recommended payment of final dividend of Rs25 per share for the year, the company said in a press release.

On Tuesday, CRISIL ended 0.85% up at Rs5,960.50 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.39% to 18,273.80.

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