| TV18 net profit surges 51% to Rs 19.3 cr
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| News broadcaster TV 8, part of the Global Broadcast Network (GNB), posted a consolidated net profit of Rs 19.32 crore, up 51 per cent, for the quarter ended December 31, 2006, compared with Rs 12.79 crore reported in the quarter ended December 31, 2005.
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| TV18 revenue for the Q3 is Rs 64.74 crore, up 67 per cent, from Rs 38.76 crore during the corresponding period, according to the company.
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| The company's operating profit has also risen by 51 per cent, Rs 31.94 crore from Rs 21.19 crore. TV18 Network includes business and general news channels such as CNBC-TV18, CNBC-Awaaz, CNN-IBN, IBN7 and internet portals in the news space.
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| Sundram Fasteners profit shoots up 74%
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| Sundram Fasteners reported 74 per cent growth in its net profit at Rs 20.94 crore for the quarter ended December 31, 2006, against Rs 12.02 crore in the corresponding period of the previous financial year. Total sales of the company grew 15 per cent at Rs 304.49 crore from Rs 265.09 crore.
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| IVRCL net profit shoots up 49%
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| Hyderabad-based IVRCL Infrastructures & Projects Limited reported 49.33 per cent rise in net profit at Rs 32.1 crore for the quarter ended December 2006, compared with Rs 21.5 crore in the corresponding quarter last year.
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| Revenues for the quarter were up 42.5 per cent at Rs 533.5 crore from Rs 374.4 crore in the corresponding previous quarter.
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| Expenditure increased to Rs 466.7 crore from Rs 333.7 crore in the corresponding quarter last fiscal. Diluted EPS at face value of Rs 2 for the quarter under review stood at Rs 2.44 compared with Rs 2.05 in the corresponding quarter of the previous financial year. |
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