HPCL profit at Rs 649 cr

Lower under-recoveries has helped state-run Hindustan Petroleum Corporation (HPCL) post a net profit of Rs 649.12 crore for the first quarter ended June 30, 2009 against a net loss of Rs 888.12 crore in the corresponding period a year-ago. Net under-recovery on sale of sensitive petroleum products during the first quarter came down to Rs 990 crore from Rs 2,758 crore during the corresponding previous period.

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Anil Ambani group firm Reliance Natural Resources Ltd (RNRL) on Wednesday reported a 7.28 per cent rise in net profit at Rs 17.24 crore for the first quarter ended June 30, 2009. Total income rose to Rs 115.46 crore during the same quarter, from Rs 92.92 crore in the corresponding period a year ago, RNRL said in a filing to the Bombay Stock Exchange.

Cipla net profit rises 72.6 per cent

India’s largest domestic drug company, Cipla Ltd, has posted a net profit of Rs 241.71 crore for the first quarter of 2009-10, 72.6 per cent more than the Rs140.04 crore posted in the corresponding quarter of the previous year. Total sales grew 12.8 per cent during the quarter to Rs1339.46 crore from Rs 1186.98 crore in the corresponding previous quarter.

Cairn India net dips 67%

Hit by lower crude oil realisations, Cairn India, which discovered the largest oil reserves in India in the last 30 years, reported a 67.24 per cent dip in its net profit for the quarter ended June 30. Net profit for the quarter was Rs 45.4 crore as compared to Rs 138.58 crore in the corresponding quarter last year. Net sales also dipped over 49 per cent to Rs 205 crore.

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