COMPANIES & SECTORS


Moneylife Digital Team 08 February 2013
Tax expenses jumped to Rs 63.03 crore in October-December quarter compared to Rs17.36 crore in the year-ago period Cadila Healthcare’s consolidated net profit declined more than 31% year-on-year to Rs 103 crore in the third quarter of financial year 2012-13 from Rs149 crore, mainly on...

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Moneylife Digital Team 08 February 2013
The decision to spend the money comes on the back of an alliance between the Indian MNC and three major European car manufacturers to understand their requirements for future car models Tata Steel has drawn up an investment plan of 2.3 million euros (Rs16.5 crore) to develop “next...

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Moneylife Digital Team 08 February 2013
Finance cost rose to Rs169 crore in the December quarter, up from Rs79 crore in the year-ago period on greater average borrowings Hindalco Industries’ December 2012 quarter net profit fell 4% to Rs434 crore, year-on-year on higher finance cost, which rose to Rs169 crore from Rs79 crore,...

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Moneylife Digital Team 08 February 2013
Total income from operations increased 0.5% y-o-y to Rs 759 crore while EBITDA went up by 25.5% y-o-y to Rs320 crore in the third quarter Great Eastern Shipping Company’s consolidated net profit rose by 1.21% year-on- to Rs 192 crore in the third quarter of financial year 2012-13...

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Moneylife Digital Team 08 February 2013
Provisions against bad loans went up nearly 49% quarter-on-quarter to Rs626 crore in October-December quarter Public sector lender Canara Bank’s third quarter net profit dropped 19% year-on-year to Rs710.5 crore, due to higher provisions. Net profit in the previous corresponding period...

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Moneylife Digital Team 08 February 2013
“The new organisation design is aimed at furthering the company’s initiatives to build a more connected organisation, aimed at delivering a world-class experience to customers,” the company said in a statement Private telecom services major Bharti Airtel on Thursday split its Indian...

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Moneylife Digital Team 08 February 2013
The NTPC offering was the government's third divestment in the current fiscal during which it has a target of Rs 30,000 crore Government-owned power utility major NTPC’s one-day offer for sale (OFS) through which the government sold 9.5% stake in the company was subscribed 1.7 times on...

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Moneylife Digital Team 07 February 2013
Venus Remedies (one of our stockletter picks) has posted satisfactory third quarter results, with both sales and profit trending upwards. We had recommended the stock on 18 May 2012 at Rs 161.10. The stock closed at Rs248.55 today, up by 54% in 9 months  We had written about Venus...

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Moneylife Digital Team 07 February 2013
GMR says the payment would help it to improve the cash-flow and profitability position for Delhi and Hyderabad airports The GMR Group said has it received Rs415 crore from national carrier Air India as part its dues for airport charges for Delhi and Hyderabad airports. This amount also...

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Moneylife Digital Team 07 February 2013
The Coimbatore-based sugar company and diversified entity disappointed amidst difficult conditions even as government attempts to decontrol the industry Rajashree Sugars & Chemicals, which is into sugar, distillery, power and biotechnology and based in Coimbatore, has reported a net...

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Moneylife Digital Team 07 February 2013
Higher international sales boosted the company’s topline even as global economic environment remained challenging. It plans to invest in plants to further boost topline and bottomline Jindal Saw, one of the leading pipe manufacturers, recorded net profit of Rs60 for the three months...

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Moneylife Digital Team 07 February 2013
The company reported disappointing third quarter results for the 2013 fiscal as both net sales and net profit slumped while debt remains high Ballarpur Industries (BILT), the Gautam Thappar-promoted entity, has reported a consolidated sales turnover of Rs 1,199.28 crore for the three...

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Moneylife Digital Team 07 February 2013
Global economy headwinds meant that much of the world dependent on world trade, especially sea trade, have got affected Gateway Distriparks, which is into general and bonded warehousing, handling and clearing of sea borne EXIM cargo in containerized form, has reported over 13%...

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Moneylife Digital Team 06 February 2013
Cipla’s domestic and international business grew while its international API formulations business shrunk Cipla’s gross revenues grew by 18% year-on-year to Rs2,103 crore for the quarter  ended December 2012 compared to Rs1,783 crore for the same period last year. Its operating margins...

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Moneylife Digital Team 06 February 2013
The company has reported solid results for the December 2012 quarter while signing a new long-term contract in Poland worth 15 million euros Essel Propack, a specialised packaging company promoted by the Essel Group, has reported nearly 8% year on year increase in consolidated sales to...

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Moneylife Digital Team 06 February 2013
Tech Mahindra recorded decent results, with revenues, operating profit and net profit all clocking positive figures while increasing its client count by 14 to take total client count to 140 Tech Mahindra, India’s sixth largest software exporter, today announced its audited consolidated...

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Moneylife Digital Team 06 February 2013
The company is current engaged in 10 power projects with a total capacity of 4,502 MW and is in process of setting up two solar power projects as well NHPC, the government-owned hydro power producer, reported a net profit of Rs311.77 crore in the December 2012 quarter, which was 46.94%...

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Moneylife Digital Team 06 February 2013
The company’s consumer durables sales in the third quarter rose 22% to Rs504 crore, while sales from the lighting business rose 11% to Rs 221 crore. Electrical and consumer durables manufacturer Bajaj Electricals’ third quarter net profit plunged 64% year-on-year (Y-o-Y) to Rs12 crore...

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Moneylife Digital Team 06 February 2013
The company’s South Africa operations posted EBIT of Rs4.7 crore in the October-December quarter as against loss of Rs29.7 crore in a year ago period Tyre major Apollo Tyres’ consolidated net profit grew by 84.7% year-on-year (Y-o-Y) to Rs181 crore in the third quarter of financial year...

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Moneylife Digital Team 06 February 2013
Toll revenue rose by nearly 10% on an annual basis on the back of moderate traffic growth and higher wholesale price index in comparison to the last year IRB Infrastructure’s consolidated net profit grew by 8.6% year-on-year to Rs142.7 crore in the third quarter of FY13 despite increase...

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