Mindteck Q1 net profit up to Rs2.2 crore vs Rs0.7 crore

IT services company Mindteck (India) Ltd said its net profit for the first quarter increased to Rs2.2 crore from Rs0.7 crore for the same quarter last fiscal. In the June 2010 quarter, the Bengaluru-based company's total revenues increased to Rs13.8 crore from Rs12.5 crore.

On Thursday, Mindteck shares gained 0.8% to Rs43 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,073 points.

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Arshiya net profit rises 40% to Rs16.5 crore in Q1

Arshiya International Ltd, a supply chain and logistics infrastructure solutions company, said its consolidated net profit for the first quarter increased 40% to Rs16.5 crore from Rs11.8 crore in the corresponding quarter last fiscal.

In the June 2010 quarter, its total revenues rose 76% to Rs177 crore as against Rs101 crore.

On Thursday, Arshiya International shares ended 0.6% up to Rs286 on the Bombay Stock Exchange, while the benchmark Sensex closed flat at 18,073 points.

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Tips Industries swings to net loss in first quarter

Tips Industries Ltd registered a net loss of Rs12.3 crore for the first quarter as against the profit of Rs1.3 crore in the same quarter last year.
In the June 2010 quarter, its total revenues increased to Rs19.5 crore from Rs5.7 crore, said the company in a filing to Bombay Stock Exchange (BSE).

The Mumbai-based company's revenues from the audio product segment rose to Rs60.2 crore from Rs59.4 crore, whereas from the film distribution segment, the revenues increased to Rs13.6 crore from Rs5.9 crore.

On Thursday, Tips Industries shares declined 0.7% to Rs43 on the BSE, while the benchmark Sensex closed flat at 18,073 points.

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