This is a flop show

Toshiba was the first maker of 3-D TVs that don't require viewers to wear special glasses. But its sales have been way below target in the initial month.

Read Article...

User

Is this Apple’s latest offering?

Reports indicate that the latest iPad may have been spotted at Rupert Murdoch's digital newspaper launch.

Read Article...

User

Q3 results: India Inc exhibits strong growth

Revenues and operating profit of 582 companies have witnessed 21% growth in their recent quarterly performance

The Indian equity markets have been on a shaky ground of late and only a substantial improvement in the earnings growth of India Inc would cause a shift in the sentiment of investors.

As of yesterday, 582 companies have reported their financials for the December quarter. The numbers so far are decent, but why is that not cheering investors?

The reason may be that they are not sure that the party would continue. With steady overall revenue and operating growth of 21% each (of the above universe), India Inc has managed to keep the ship afloat. Here are the some of the notable performers:

Edelweiss Capital has recorded phenomenal growth over the year. While revenues have surged 196% to Rs159 crore, operating profit has zoomed 497% to Rs26 crore over the corresponding quarter last year. DTH service provider DishTV witnessed a 34% rise in revenues to Rs373 crore while operating profit soared 398% to Rs67 crore from the year-ago period. Having stayed in the red for a while now, the company looks set to break even soon. Pharmaceuticals company Wyeth also turned in a phenomenal set of figures for the December quarter. Its revenues surged 97% to Rs119 crore over the corresponding quarter last year and operating profit zoomed 414% to Rs39 crore.

Among the banking companies, Dhanlaxmi Bank stands out in the recent quarterly results with an 80% jump in revenues to Rs283 crore and 334% surge in operating profit to Rs18 crore.

H B Stockholdings is another company that has turned in a stupendous performance. Its revenues and operating profit have soared 175% and 356% respectively over the year-ago period. Also among the top performers are Garware Polyester, Jindal Poly Films, Lakshmi Mills, Bhansali Engineering, Oudh Sugar Mills and SRF.

Several companies have turned in a sour performance during the quarter.

GVK Power & Infrastructure was among the worst performers as its revenues slid 27% while operating profit tanked 122% over the corresponding quarter last year. Sugar manufacturer EID-Parry also exhibited similar performance, with revenues and profit declining 28% and 122% respectively. Meanwhile, GIC Housing Finance's revenues grew 10%but operating profit plummeted by a whopping 194%.

IT solutions and services provider Mastek fared poorly as its revenues declined by 22% while profit tanked by 166% over the year ago period. Also in the list of poor performers were Zee News, Mangalam Cement, Welspun Projects, Agro Tech Foods, Nagarjuna Agrichem, Sterlite Industries and NHPC.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)