Neyveli, TVS Motor & EIH Q1 results

CORPORATE SCORECARD

Neyveli Q1 net rises marginally

Neyveli Lignite Corporation posted a 1.59 per cent rise in standalone net profit for the quarter ended June 30, 2008, at Rs 285.83 crore from Rs 281.37 crore in the same quarter last year. Total income jumped by 34 per cent at Rs 1237.62 crore compared with Rs 925.93 crore y-o-y.

TVS Motor slips on rising input costs

TVS Motor Company, India’s third largest two-wheeler maker, reported a minor slip in net profit to Rs 7.02 crore in the first quarter ended June 30, 2008 against Rs 7.55 crore same period last year on rising input costs. Motorcycles witnessed higher sales at 171,700 units during the first quarter compared to 152,100 units over the previous period.

EIH Q1 net profit up 5% to Rs 38 crore

East India Hotels, flagship company of the Oberoi Group, has posted an increase of 5 per cent in its net profit at Rs 38 crore for the quarter ended June 30, 2008, as compared with Rs 36 crore during the corresponding previous quarter. During the quarter, the total income increased 9 per cent to Rs 255 crore from Rs 233 crore.