Vijay Mallya-controlled Kingfisher Airlines has reported a 13.4 per cent drop in its net loss at Rs 418.23 crore during the second quarter ended September 30, compared with a net loss of Rs 483.2 crore in the corresponding quarter last year. Its income from operations declined by 13.6 per cent to Rs 1,142.1 crore during the quarter, compared to the same period a year earlier.

Kingfisher posts loss of Rs 418 cr

Business Standard

Delhi-based HCL Technologies today posted a 10.1 per cent fall in its year-on-year net income for the quarter ended September 30, owing to hedging losses of Rs 155.4 crore. Net income for the quarter stood at Rs 320.1 crore, compared with Rs 355.9 crore in the corresponding quarter a year earlier.

Hedging losses pull HCL net down 10%

ACC, the country's largest cement maker, has posted a robust increase of 60 per cent in its net profit, at Rs 415.51 crore for the quarter ended September 30, compared with Rs 260 crore in the corresponding previous quarter. Net sales during the period grew to Rs 2,077.4 crore from Rs 1,900.1 crore last year, up 9.3 per cent.

ACC net zooms 60%

Sun Pharmaceutical Industries, India&rsquo;s largest drug firm in terms of market capitalisation, posted a 11.49 dip in net profit during the quarter ended September 30, compared with the same period last year, due to regulatory issues and the resultant loss of revenue for its US subsidiary, Caraco Pharmaceuticals.

Sun Pharma net profit dips 11.5%

Anil Ambani-promoted Reliance Power, which is setting up a power generation capacity of close to 34,000 Mw, reported a net profit of Rs 194.5 crore for the quarter ended September 30 &mdash; 5.2 times higher than the Rs 37.2-crore net profit for the corresponding quarter last year.

R-Power net at Rs 194.5 cr

An increase in exports &mdash; mainly of active pharmaceutical ingredients (API) &mdash; and foreign exchange gains have helped Cipla, the domestic drug major, post a jump of 82.1 per cent in its net profit for the July-September quarter.

Forex gains push Cipla Q2 net up 82%

Tata Tea, the second largest branded tea maker in the world, has posted a 32 per cent rise in consolidated net profit, at Rs 287.44 crore in the second quarter, supported by an increase in prices of branded products and a one-time gain from sale of its shares in agri-chemicals maker Rallis. The operating income went up 18.2 per cent to Rs 1,402.8 crore.

Tata Tea operational profit up 17%

Real estate firm Anant Raj Industries today said its consolidated net profit declined by 44 per cent to Rs 71.27 crore for the quarter ended September 30, 2009, over the same period last year.

Anant Raj Industries net dips 44% to Rs 71 cr

Press Trust of India

Construction company Patel Engineering today said its net profit rose by 26.76 per cent to Rs 40.69 crore for the quarter ended September 30, 2009, over the same period last year.

Patel Engineering profit up 27% to Rs 41 cr

HeidelbergCement India today reported a net profit of Rs 27.05 crore for the quarter ended September 30, 2009, while it had a net profit of Rs 10.05 crore in the same period previous fiscal.

HeidelbergCement net profit at Rs 27 cr

Saurashtra Cement today reported a net loss of Rs 16.50 crore for the quarter ended September 30, 2009, up 25.47 per cent from a net loss of Rs 13.15 crore in the same period previous fiscal.

Saurashtra Cement net profit down 25% to Rs 16 cr

Rural Electrification Corporation (REC) posted 60.09 per cent rise in its net profit of Rs 494.36 crore for the quarter ended September 30, 2009 as compared to Rs 308.79 crore for the quarter ended September 30, 2008.
Total Income has increased from Rs 1173.58 crore for the quarter ended September 30, 2008 to Rs 1622.95 crore for the quarter ended September 30, 2009.

REC net profit soars 60% to Rs 494 cr

Punjab National Bank reported a 31.09 per cent rise in its net profit of Rs 926.96 crore for the quarter ended September 30, 2009 as compared to Rs 707.09 crore in the same quarter previous year.

PNB net profit surges 31% to Rs 927 cr

Total income of the state-run lender, however, increased to Rs 2,922.33 crore during the quarter under review from Rs 2,643.26 crore in the corresponding period a year ago, IOB said in a filing to the Bombay Stock Exchange (BSE).

IOB net dips 51% to Rs 176 cr

Public sector Corporation Bank has posted 52.29 per cent increased in its net profit to Rs 291.67 crore for the second quarter ended September 30, 2009 as compared with the corresponding quarter in the previous fiscal.

Corporation Bank net rises 52% to Rs 291 cr

The crash in freight rates has pulled down Varun Shipping Company&rsquo;s net profit 70.52 per cent. The country&rsquo;s biggest liquefied petroleum gas (LPG) carrier reported profit of Rs 130.5 crore for second quarter this financial year. Varun Shipping&rsquo;s profits were Rs 442.7 crore in the corresponding quarter of previous financial year.

Varun Shipping profit drops 70% to Rs 130 cr

Power utility CESC today said its net profit rose by 1.61 per cent to Rs 126 crore for the second quarter ended September 30, 2009, over the same period last year.

CESC net up 2% to Rs 126 cr

Plastic processing company Time Technoplast today said its consolidated net profit rose by 33.36 per cent to Rs 24.62 crore for the quarter ended September 30, 2009, over the same period last year.

Time Technoplast Sep qtr net up 33.36%

The Paper Products (PPL), India&rsquo;s leading flexible packaging company, posted a 102 per cent rise in net profit at Rs 8.25 crore for the quarter ending September 30, 2009 as compared to Rs 4.07 crore in the corresponding period last year.

Paper Products quarterly net doubles

Auto maker Mahindra &amp; Mahindra today reported a net profit of Rs 843.6 crore for the second quarter ended September 30, 2009, driven by good sales in both automotive and farm equipment sectors.

M&M Q2 net profit at Rs 843.6 cr

The lull in real estate market, particularly in the commercial properties&rsquo; segment, has pulled down Housing Development and Infrastructure (HDIL) profits.The profit declined by 44.07 per cent.

HDIL's profit declines 44.07%

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