Mindtree, IDFC, Indo Rama Syn & GTL Infra Q1 results

Mindtree Q1 net at Rs 57 cr

The bottomline of IT services vendor Mindtree Ltd has been bolstered by the acquisition of Aztecsoft. In the first quarter of 2009-10 ended June 30, the Bangalore-based company saw its net profit touching Rs 57 crore, from a net loss of Rs 12 crore posted in the comparable quarter of the previous year. Sequentially, PAT increased 200 per cent from Rs 19 crore posted in the quarter ended March 31. The bottomline saw an increase of 217.3 per cent in dollar terms.

IDFC net profit up 26 per cent

Helped by healthy growth in fee-based income and income from infrastructure loans, Infrastructure Development Finance Company (IDFC) recorded a 25.7 per cent growth in net profit on a consolidated basis to Rs 272.43 crore for the quarter ended June 30, 2009 as compared to Rs 216.70 crore for the year-ago quarter.

Total income for the group grew 14.25 per cent to Rs 994.61 crore from Rs 870.51 crore recorded in the corresponding quarter last year. Net Interest Income increased 12 per cent to Rs 244 crore from Rs 217 crore in the three months up to June 30, 2008.

Indo Rama Syn Q1 net at Rs 15.26 cr

Riding on the back of improved realisation and margins, Indo Rama Synthetics, a synthetic textiles major, has posted a net profit of Rs 15.26 crore for the quarter ended June 30 against a loss of Rs 20.81 crore in the corresponding quarter last year.

The company’s net sales for the period stood at Rs 687.24 crore compared with Rs 803.06 crore, down 14.42 per cent. In a statement, the company said that it was witnessing signs of recovery in the domestic scenario with demand growth in the sector and some macro level stability.

GTL Infra net at Rs 18.7 cr

Tower major GTL Infrastructure Ltd has posted a net profit of Rs 18.7 crore for the first quarter ended June 30, 2009, compared with a net loss of Rs 3.1 crore recorded during the same period a year ago.

The company’s revenue from operations grew 57 per cent to Rs 71.97 crore during the quarter under review, as against Rs 45.77 crore recorded during the comparable period. The company plans to erect 10,000 sites by 2011 across 150 networks.