GMR Infra net drops 70% in Q1

GMR Infrastructure, the Bangalore-based infrastructure major, today reported a massive drop of 70 per cent in its net profit at Rs 22.5 crore for the first quarter ended June 30, 2009 compared to the corresponding quarter last year. The sales income for the quarter, however, rose by 33 per cent to Rs 1,177.5 crore compared to the year ago period. The operational profit for the quarter rose by 15.7 per cent to Rs 183.9 crore as against the same period a year ago.

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Simplex Infrastructures Ltd has reported consolidated sales of Rs 1,127 crore for the first quarter of FY10, registering a Y-o-Y growth of 11 per cent over Rs 1,018 crore for the same quarter last year. EBITDA at Rs 118 crore is marginally higher over Rs 113 crore last year.

Shriram EPC sees 10% growth in net

Chennai-based Shriram EPC Limited has reported 9.8 per cent growth in the net profit to Rs 8.06 crore as against Rs 7.34 crore in the same quarter last year. Net sales has increased to Rs 197.86 crore as against Rs 161.32 crore in the year-ago period. Earning before Interest, tax and depreciation rose 31 per cent to Rs 20.46 crore as against Rs 15.6 crore.

Teledata net dips 83%

Chennai-based software developer Teledata Informatics Limited has reported 83 per cent slip in net profit for the quarter ended June 30, 2009 to Rs 7.16 crore as against Rs 42.94 crore in the same quarter last year. Net sales of the company decreased to Rs 121.74 crore compared with Rs 236.92 crore in the year-ago period. Total expenditure amounted to Rs 102.28 crore as against Rs 200.25 crore in the same quarter last year.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

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