Mahindra &amp; Mahindra, India&rsquo;s biggest utility vehicle (UV) manufacturer, today posted an increase of 151.6 per cent in net profit for the first quarter, strongly aided by lower raw material prices and additional tractor numbers from Punjab Tractors (PTL), which it acquired two years ago.

Mahindra net surges 152% to Rs 400 cr

Business Standard

Indian Oil Corporation, the country&rsquo;s largest oil marketing company, has seen a 787 per cent jump in its first-quarter profits, due to lower under-recoveries, and gains on account of product inventory and foreign exchange.

IOC's Q1 profit jumps eight-fold, as under-recoveries dip

Anil Ambani-promoted Reliance Infrastructure (R-Infra) has posted a net profit of Rs 317 crore for the first quarter ended June 30, an increase of 25 per cent over the Rs 253-crore net profit in the corresponding quarter of previous year. The better profits are mainly on account of interest from cash reserves and forex gains, which together contributed Rs 244 crore during the quarter.

R-Infra, Parsvnath & Essar Shipping Q1 result

On account of a positive influence of tax benefits and export incentives, Nestle, the fast-moving consumer goods (FMCG) major, registered a consolidated net profit increase of 34 per cent for the quarter ended June 30, at Rs 162 crore, compared with Rs 121 crore in the corres-ponding quarter of the previous financial year.

Nestle's Q1 net up by a third

Sony Corp reported a second straight quarterly loss as the stronger yen pushed the company further behind Samsung Electronics Co in television sales and the global recession drove down demand for video-game machines. The net loss was 37.1 billion yen ($390 million) in the quarter ended June 30, compared with profit of 35 billion yen a year earlier, the Tokyo-based maker of Bravia TVs and Cyber-shot cameras said on Friday.

Sony posts loss, sales slump

Profit dropped to Rs 396 crore for the three months ended June 30, as compared with a profit of Rs 1,864 crore for the corresponding period last year. This follows a drop of 93 per cent in the fourth quarter profit for the previous fiscal year.

DLF's Q1 profit drops 80% as debt cutting continues

IVRCL Infrastructures and Projects Limited witnessed a 17.31 per cent decline in its net profit to Rs 35.1 crore for the quarter ended June 2009, as compared with Rs 42.45 crore in the corresponding quarter last year. Turnover for the quarter stood at Rs 1,104.54 crore, as against Rs 948.34 crore, reflecting a growth of 16.47 per cent. The current order book position of the company stands at around Rs 14,900 crore.

IVRCL Infra net dips 17%

Eastern Silk Industries Limited has recorded a net profit of Rs 4.38 crore for the first quarter of 2009-10, against Rs 19.46 crore in the same period last financial year, a drop of 77.47 per cent because of the recession. The company plans to bring in a new range of products in order to improve the product mix with the coming up of a new facility in Bangalore.

Eastern Silk net profit drops 77.47%

Public sector Bank of Maharashtra (BoM) announced that its net profit for the first quarter ended June 2009 has more than doubled to Rs 101.79 crore. The lender had posted a profit of Rs 46.63 crore in the corresponding period a year ago.

BoM, UCO Bank & Sundaram Fin Q1 result

Higher other income, positive currency movement and enhanced focus on operating discipline aided Patni Computer Systems to post a net income (India GAAP) of Rs 135.9 crore for the quarter ended June 30, an increase of 14 per cent from Rs 119 crore clocked in the corresponding quarter last year. Revenue, at Rs 779.6 crore, dropped marginally by 1.6 per cent from Rs 767.3 crore last year.

Patni, PTC & UTV Q1 result

Media house TV Today Network reported an 81.46 per cent rise in net profit at Rs 16.64 crore for the first quarter ended June 30, over the same period last year. Total income increased to Rs 71.04 crore in the latest quarter, against Rs 64.13 crore in the same quarter previous fiscal.

TV Today Network, Jyothy Lab's & Wockhardt Q1 result

The initial public offer (Ipo) of Adani Power today got subscribed nearly seven times on the third day of the offer today with most of the bids coming in from institutional investors.

Adani Power IPO subscribed 7 times

Press Trust of India

Tata Chemicals, on a stand-alone basis, reported a 61 per cent rise in net profit at Rs 94 crore for the quarter ending June 30, compared with Rs 58.6 crore a year ago. On a consolidated basis, the company reported net profit of Rs 106 crore slightly lower than a year ago due to provisioning of Rs 63 crore made towards restructuring of overseas operations in line with local accounting practices.

Tata Chemicals, Voltas net profit

Same-store sales growth across formats of the Raheja-owned Shopper&rsquo;s Stop Ltd, which runs department stores and speciality outlets, further dipped to 7.5 per cent in first quarter of the financial year 2010, as consumers continued to spend less on lifestyle and luxury items to beat the slowdown.

Same-store growth at Shopper's Stop dips

Hit by lower price realisation, Steel Authority of India Ltd (SAIL), the country&rsquo;s largest steel producer, reported a 27.7 per cent dip in its net profit for the quarter ended June 30. Net profit for the quarter was Rs 1, 326 crore, while net sales declined 16.5 per cent to Rs 8,950.6 crore. Average net realisation on product sales dipped 18 per cent during the quarter.

SAIL's, IBREL Q1 result

The consolidated total income of the company also rose to Rs 6,389.61 crore during the April-June period of the current financial year from Rs 5,051.80 crore in the same quarter last year.

Adani Enterprises Q1 net rises 36 pc

Agriculture conglomerate Jain Irrigation Systems today said its net profit stood at Rs 55.59 crore for the first quarter ended June 2009, while it had a net profit of Rs 29.56 crore in the same period last year.

Jain Irrigation Systems Q1 net profit at Rs 55 cr

Cell phone manufacturer Spice Mobiles today said its net profit stood at Rs 8.6 crore for the quarter ended June 2009, however, it had a net loss of Rs 0.5 crore in the same period last year.

Spice Mobiles turns around, posts Rs 8.6 cr profit in June qtr

Edelweiss Capital today said its consolidated net profit declined by 8.67 per cent to Rs 58.25 crore for the quarter ended June 2009, over the same period last year.

Edelweiss Capital June qtr net dips 9% at Rs 58 cr

Watchmaker Timex Group has reported a net profit of Rs 2.43 crore for the first quarter of this financial year.

Timex Group posts net profit of 2.43 cr for Q1

Hyderabad-based publisher of newspapers and periodicals Deccan Chronicle Holdings Limited has posted a 26.3 per cent rise in net profit at Rs 77.02 crore in the first quarter ended June 30, compared with a profit of Rs 60.98 crore recorded during the corresponding quarter last year.

Deccan Chronicle net up 26% at Rs 77 cr

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