Tata Investment December quarterly net profit declines to Rs31.25 crore

Tata Invesment has posted net profit of Rs136.67 crore for the 9 months period ended 31 December 2011 as compared to Rs176 crore for the 9 months period ended 31 December 2010, representing a decrease of 22.35%.

Tata Investment Corporation Ltd has announced its financial Results for the period ended 31 December 2011.

The company has posted net profit of Rs31.25 crore for the quarter ended 31 December 2011 as compared to Rs45.61 crore for the quarter ended 31 December 2010, down by 31.46%.

Total income was at Rs41.23 crore for the quarter ended 31 December 2011 where as the same was at Rs59.90 crore for the quarter ended 31 December 2010, down by 31.17%.

The company has reported an EPS of Rs5.67 for the quarter ended 31 December 2011 as compared to Rs9.46 for the quarter ended 31 December 2010.

The company has posted net profit of Rs136.67 crore for the 9 months period ended 31 December 2011 as compared to Rs176 crore for the 9 months period ended 31 December 2010, representing a decrease of 22.35%.

Total income was at Rs163.74 crore for the 9 months period ended 31 December  2011, where as the same was at Rs214.73 crore for the 9 months period ended 31 December 2010, representing a decrease of 36.35%.

The company has reported an EPS of Rs25.24 for the 9 months period ended 31 December 2011 as compared to Rs36.49 for the 9 months period ended 31 December 2010.

In the late afternoon, Tata Invesment was trading at around Rs427.15 per share on the Bombay Stock Exchange, 2.65% down from the previous close.

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Maruti to introduce shortened version of DZire in February 2012

It is unlikely that the new version of DZire will be priced lesser than the existing one, which ranges between Rs4.94 lakh and Rs7.29 lakh (ex-showroom Delhi).

India's largest car maker Maruti Suzuki India is launching a shortened version of the car that will hit the market in the first week of February 2012.

Although the model will qualify for the excise duty of 10% enjoyed by small cars, the company said it is unlikely that the new version of DZire will be priced lesser than the existing one, which ranges between Rs4.94 lakh and Rs7.29 lakh (ex-showroom Delhi).

"There are at least 150 new features compared to the existing DZire and it is unlikely that the new one will be priced lesser," Maruti Suzuki India managing executive officer (marketing and sales) Mayank Pareek said.

While the petrol version will be powered by a 1.2 litre engine, the diesel one will have a 1.3 litre engine. An automatic transmission variant will also be available in the petrol version.
The company and its vendors have invested over Rs230 crore for the model change, Pareek added.

The new DZire will be manufactured at the company's Manesar plant. MSI is looking to recover lost ground this year after it was hit by a series of labour unrest at the plant last year. Pareek said at present the DZire has a waiting period of 3-4 months and MSI is looking to address the issue by gradually ramping up the output.

In the late afternoon, Maruti Suzuki India was trading at around Rs1006 per share on the Bombay Stock Exchange, 3.03% up from the previous close.

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COMMENTS

Maruti Suzuki New Swift Dzire

5 years ago

Dzire offers an exceptionally elite and premium look even after featuring the Swift sedan

REPLY

Ravi Chachra

In Reply to Maruti Suzuki New Swift Dzire 5 years ago

You are absolutely right. I went through an intense research on the all new Swift Dzire. It is a great car with excellent features. And still it claims best in class mileage. http://www.ecardlr.com/newcar/Maruti-Suz...

Rajesh Dogra

5 years ago

Real Up Close and interior pictures of Maruti Suzuki Compact Swift DZire http://megapowerbosch.blogspot.com/2012/....

Suzlon to set up 3,000 MW in Andhra Pradesh

Suzlon will play the role of a developer and facilitate the channelisation of investments into the state through its customers investing in wind energy.

Wind turbine manufacturer Suzlon Energy has signed a memorandum of understanding (MoU) with the government of Andhra Pradesh for the development of wind capacity in the state totalling 3,000 MW between 2012 and 2016, creating potential investments of up to Rs18,000 crore. The announcement was made through a filing to the Bombay Stock Exchange.

Under the MoU, the state government will facilitate Suzlon in obtaining necessary permissions, registrations and clearances for the development of the wind farms. Suzlon, in turn, will play the role of a developer and facilitate the channelisation of investments into the state through its customers investing in wind energy.

The MoU covers the development of new capacity in windfarms across the state, with development planned in the districts of Tallimadugula, Alankarayanipeta, Gandikota, Vajrakarur, Tirumalayapalli and other parts of Andhra Pradesh.
In the late afternoon, Suzlon Energy was trading at around Rs22.45 per share on the Bombay Stock Exchange.

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