Shriram Transport Finance Company has reported a 34 per cent increase in the net profit during the third quarter ended December 31, 2008 to Rs 149.31 crore as against Rs 110.70 crore for the same period last year.

Shriram Transport Fin net profit up 34%

Business Standard

General Electric Co reported a 44 per cent drop in quarterly profit, meeting Wall Street's expectations, as the US conglomerate and economic bellwether closed out one of the toughest years in its 117-year history. Earnings tumbled 67 per cent at GE Capital finance and 86 per cent at its lighting and appliance unit, and were also down 6 per cent at NBC Universal media. Profit was up at its two infrastructure units, which make electricity-producing turbines and engines.

GE profit down 44 per cent

Indiabulls Financial Services today said its consolidated net profit for the third quarter ended December 31 declined nearly 58 per cent at Rs 68.06 crore over the corresponding period a year ago.

Indiabulls Fin Services Q3 net dips 58%

Press Trust of India

Hit by the losses in the entertainment and allied business, Delhi-based news broadcaster New Delhi Television (NDTV) today posted a consolidated net loss of Rs 120.8 crore for the quarter ended December 31, 2008. The net loss for NDTV in the year-ago period stood at Rs 32.02 crore.

NDTV net loss widens to Rs 120.8 crore in Q3

The domestic cement industry, which performed dismally during the July-September quarter (Q2), is set to post better profits for the October-December quarter (Q3) on account of higher sales volume, lower fuel and packaging cost. Though only a few cement companies have declared their Q3 numbers, the initial trend points to a better performance than Q2 for the industry.

Lower fuel cost, higher sales boost cement profit

NTPC, India&rsquo;s largest power generator, has recorded a 26.4 per cent rise in net profit for the quarter ended December 2008 on the back of increased power generation.

NTPC net up 26 per cent

Missing market expectations, FMCG player Godrej Consumer Products recorded a dip in its net profit growth (consolidated) by 7.3 per cent to Rs 40 crore for the third quarter ended December 2008, from Rs 43 crore for the corresponding quarter in the previous year.

Godrej Consumer net dips 7.3%

Sterlite Industries, the country&rsquo;s largest copper producer, recorded a net profit of Rs 732 crore for the quarter ending December 2008, a 38 per cent decline over the corresponding period last year. The decline in profit was attributed to a fall in metal prices and global credit crisis and economic slowdown.

Sterlite net drops 38%

B K Birla-promoted Kesoram Industries has recorded a 63.55 per cent dip in net profit to Rs 39.15 crore in the three months ended December 2008, on the back of a sluggish demand in the tyre segment.

Kesoram Industries net dips 63.5%

The fourth quarter profit of Hindustan Unilever Ltd (HUL), India's biggest fast-moving consumer goods manufacturer, fell 2.4 per cent after it wrote down the value of investments and loans to a subsidiary.

HUL net dips 2.4 per cent on writedowns

Financial Technologies India (FTIL), the promoter of the country&rsquo;s largest commodity exchange MCX, today said it has recorded a 53 per cent rise in its standalone profit after tax (PAT), excluding project divestment income (PDI), at Rs 43.2 crore for the third quarter of the current financial year.

Financial Tech posts 53% rise in Q3 PAT

Higher input costs and lower realisation pulled down net profit of Steel Authority of India (SAIL) by 56 per cent to Rs 843 crore in the third quarter ended December 2008. The company&rsquo;s turnover also dipped 7.5 per cent to Rs 9,946 crore, said a company release.

SAIL net down 56%

Sesa Goa, India&rsquo;s biggest non-state iron-ore exporter, said its third-quarter profit fell 7 per cent as waning demand from China, the biggest buyer, drove down prices.

Sesa Goa net profit falls 7%

Central air-conditioning and commercial refrigeration major Blue Star recorded a dip in its net profit growth by 9 per cent at Rs 32 crore for the third quarter ending December 2008, from Rs 35 crore for the corresponding quarter last year.

Blue Star net dips 9% to Rs 32 crore

Sun TV Network has reported a 9 per cent growth in the net profit for the quarter ended December 2008 to Rs 112 crore, compared to Rs 102 crore for the same period last year. The company&rsquo;s income from operations during the quarter rose by 24 per cent to Rs 270 crore from Rs 217 crore.

Sun TV net up 9% to Rs 112 cr

Godrej Industries (GIL), a corporate with a diverse range of businesses and products recorded a dip in its net profit growth (consolidated) by 81per cent to Rs 5 crore for the third quarter ending December 2008, from Rs 27 crore for the corresponding quarter last year.

Godrej Industries net profit growth declines by 81%

Textile design and manufacturing firm Himatsingka Seide reported a net loss (consolidated) of Rs 32.95 crore for the third quarter ended December 2008, compared to a loss of 1.18 crore for the corresponding quarter in the previous year.

Himatsingka  net loss at Rs 32.95 cr

Orient Paper &amp; Industries has recorded a net profit after tax of Rs 51.22 crore in the quarter ended December 2008, a decline of 4.15 per cent over the same period last year. Net sales were, however, higher by 7.8 per cent to Rs 345.87 crore. M L Pachisia, managing director, OPIL, said, &ldquo;The projects to expand our cement capacity to five million tonnes per annum along with setting up of a 50-MW captive power plant are at an advanced stage of completion and are likely to be commissioned in a phased manner during the next two quarters. The new tissue plant to expand our tissue paper capacity by 15,000 tonnes is also expected to be commissioned during the first quarter of 2009. In our electrical consumer products division, our new lighting products have already been launched successfully and are gaining increasing market share.

Orient Paper & Industries posts 4.15% dip in PAT

Public sector lender Central Bank of India on Tuesday said its net profit in the December quarter grew 75.74 per cent to Rs 353.26 crore compared with Rs 201.01 crore recorded in the same quarter last financial year, the bank said in a filing to the Bombay Stock Exchange.

Central Bank Q3 net soars 76% to Rs 353 cr

Mangalore-headquartered Corporation Bank on Tuesday reported a 34.3 per cent jump in its net profit to Rs 256.4 crore for the third quarter ended December 31, 2008, compared to the corresponding quarter last year. The bank&rsquo;s total income in the period rose 50.5 per cent to Rs 1,905.5 crore compared to the same quarter last year, while the net interest income increased by 37.30 per cent to Rs 477.98 crore.

Corporation Bank Q3 net rises 34%

Century Textiles and Industries, a part of the B K Birla group, has posted a dip of 68.21 per cent in its net profit in the December quarter to Rs 23.14 crore, compared with Rs 72.8 crore in the previous corresponding quarter. The company&rsquo;s net sales during the period grew to Rs 879.79 crore, up 4.16 per cent.

Century Textiles net profit dips  by 68%

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 1106 - Company Results