The country&rsquo;s second-largest real estate developer, Unitech Ltd, registered a 50.7 per cent decline in the net profit during the quarter ended September 30 due to sluggish demand in the housing sector. The net profit was reported at Rs 177.86 crore for the quarter, compared with Rs 358.92 crore in the corresponding quarter in the previous financial year.

Unitech net profit halves

Business Standard

City Union Bank has reported a 21.5 per cent rise in net profit for the quarter ended September 30 at Rs 45.75 crore as compared to Rs 37.65 crore. Total income rose 30.53 per cent to Rs 284.98 crore from Rs 218.32 crore.

City Union net up

Patni Computer Systems posted a net income (India GAAP) of Rs 168.5 crore for the third quarter ended September 30, down 6.5 per cent from Rs 180.2 crore in the corresponding quarter in the previous financial year. Revenue for the quarter at Rs 833.7 crore (including other income) dipped 1.5 per cent from Rs 846.7 crore in the same quarter last year. Excluding Other Income, revenue grew marginally by 0.3 per cent.

Patni net down 6.5%

Godrej group company, Godrej Industries (GIL), posted a consolidated net profit of Rs 66.7 crore for the quarter ended September 30, against Rs 19.47 crore posted in the corresponding period last financial year.

Godrej Ind net trebles to Rs 66.7 cr

Essar oil has posted a net loss of Rs 94 crore for the quarter ended September 30, against a net profit of Rs 26 crore in the corresponding quarter last ear.

Essar Oil sees Rs 94-cr loss

Hindalco Industries, India&rsquo;s largest aluminum producer, said that its standalone net profit for the quarter ended September 30 declined by 52 per cent to Rs 344 crore due to a drop in metal prices. Aluminum prices in the reporting quarter were, on an average, about 35 per cent lower on the London Metal Exchange (LME).

Hindalco net down 52% to Rs 344 cr

Wind turbine supplier Suzlon Energy posted a Rs 356-crore loss in the quarter ended September 30, compared with a Rs 22.84-crore loss posted in the same period last year, owing to lower volumes.

Suzlon's loss widens to Rs 356 cr

Press Trust of India

Naveen Jindal-promoted Jindal Steel and Power (JSPL) today reported a 6.04 per cent rise in net profit for the second quarter at Rs 808.36 crore over the same period a year ago, mainly on account of improved performance of its power subsidiary, Jindal Power.

Jindal Steel, Torrent Pharma & Great Offshore Q2 results

Delhi-based real estate player Omaxe Limited registered a net profit of Rs 22.51 crore for the quarter ended September 30, 10.45 per cent up from Rs 20.38-crore profit reported during the same period in the previous year.

Omaxe, Moser Baer & Eicher Motors Q2 results

Hyderabad-based Nagarjuna Construction Company Limited (NCCL) reported a marginal 3.8 per cent rise in net profit at Rs 43.92 crore for the quarter ended September 2009, against Rs 42.30 crore posted in the same period last year.

Nagarjuna Construction, Zenith Computers & SCI Q2 results

Suven Life Sciences Limited, a biopharmaceutical company engaged in drug discovery and developmental activities in central nervous system (CNS), recorded a 48.03 per cent fall in its net profit to Rs 2.51 crore during the quarter ended September 30, 2009, compared with Rs 4.83 crore in the same period previous year.

Suven Life Sciences, Gammon India & Pyramid Saimira Q2 results

Nava Bharat Ventures Limited, which has interests in ferro alloys, power, sugar and others, reported a 1.21 per cent increase in net profit to Rs 120.03 crore for the quarter ended September 30, 2009, compared with Rs 118.56 crore during the same period last year. Its revenues decreased to Rs 245.07 crore during the quarter from Rs 399.26 crore last year, down by 38.61 per cent.

Nava Bharat Ventures, Oracle Financial & Tulip Telecom Q2 results

The net profit of India&rsquo;s largest fast-moving consumer goods maker, Hindustan Unilever, fell in the second quarter (July to September) on a one-time charge related to a settlement with former workers.

One-time charges hit HUL net

State Bank of India (SBI), the country&rsquo;s largest lender, today said that its consolidated net profit rose 28.29 per cent to Rs 3,133.16 crore for the quarter-ended September 30 from Rs 2,458.04 crore in the same quarter of the previous year.

SBI net rises 28%

Hit by foreign exchange and mark-to-market losses, the Anil Ambani group&rsquo;s telecom service company, Reliance Communications (RCom), posted a 51.63 per cent fall in net profit to Rs 740.30 crore on a consolidated basis for the second quarter ended September 30. RCom, which made a provision of Rs 283 crore for MTM losses, had recorded a net profit of Rs 1,530.78 crore in the same period of the previous financial year.

RCom net drops 52 per cent

Anil Ambani-controlled Reliance Infrastructure (R-Infra) posted a net profit of Rs 306.90 crore for the second quarter ended September 30, up 6.2 per cent over the corresponding period last financial year. Total income rose 5.16 per cent to Rs 2,812.82 crore.

R-Infra net up 6.2 per cent

Era Infra Engineering today posted a jump of 65 per cent in net profit at Rs 58.90 crore for the second quarter ended September 30, over the same period a year ago.

Era Infra Q2 profit jumps 65% to Rs 59 cr

Universal Cables Limited, belonging to the M P Birla group, has clocked in a net profit of Rs 6.95 crore for the quarter ended September 30, from a net loss of Rs 1.37 crores in the corresponding quarter of the previous year. Net sales were at Rs 130.11 crore against Rs 157.96 crore in the previous corresponding quarter. D R Bansal, chief executive officer, attributed this performance to the initiative of putting up a vertical continuous vulcanization (VCV) line for the manufacture of XLPE cables up to 400 kV in technical collaboration with Furukawa Electric Co Ltd, Japan.

UCL, IFGL & Visa steel Q2 results

TVS Motor Company reported an 18 per cent jump in domestic sales of two-wheelers last month over the same period last year, at 118,563 units against 100,088 units.

TVS sales up 12%

Hero Honda Motors on Sunday reported a marginal increase in October sales at 354,156 units against 352,449 units in the same month last year. &ldquo;We are happy to have clocked this healthy sales number in October given the large base of the previous year. It comes on back of a record retail sales achievement during the just-concluded festival season,&rdquo; said Sr Vice-President (Marketing &amp; Sales).

Hero Honda reports marginal increase

Nagarjuna Construction Company (NCC) has registered a net profit of Rs 43.92 crore for the second quarter ended September, up nearly four per cent compared to Rs 42.30 crore of the corresponding period a year ago.

Nagarjuna Construction net up 4% at Rs 44 cr

Company Results: Get latest company quarterly results, company annual results, company financial results, company half yearly results, company earnings and net profit at Business Standard.

Page 1051 - Company Results