Unitech profit plunges 63%
Unitech, the second largest real estate developer of the country, reported a decline of 63 per cent in its net profit for the first quarter of FY10. The company reported a net profit of Rs 157.77 crore for the quarter ended June 30 as compared with a profit of Rs 423.31 crore for the corresponding period last year. Unitech’s revenue fell by 48 per cent at Rs 548.22 crore for the quarter as compared with Rs 1,054.37 crore for the corresponding quarter last year.
TVS Motor net jumps 150%
TVS Motor Company’s net profit during the quarter ended June 30, 2009 rose by over 150 per cent to Rs 18.11 crore from Rs 7.02 crore a year ago. Total income rose 6 per cent to Rs 988 crore from Rs 924 crore during the same period.
9-fold surge in Aurobindo profit
Drug maker Aurobindo Pharma Ltd reported a 916 per cent rise in consolidated net profit at Rs 166.6 crore during the first quarter of the current financial year. This is largely due to foreign exchange gain of Rs 53 crore on account of the restatement of foreign currency convertible bonds, as against a foreign exchange loss of Rs 56.6 crore reported in the corresponding period last year.
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