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%

Business Standard

Muthoot Capital Services registered a 7 per cent growth in its third quarter net profit to Rs 1.29 crore from Rs 1.21 crore in the year-ago period. The profit before tax also recorded an increase of 7 per cent from Rs 1.83 crore to Rs 1.96 crore.

Muthoot Capital net rises 7% to Rs 1.29 cr

Glenmark Pharmaceuticals consolidated net profit in the December quarter declined 70.91 per cent to Rs 81.43 crore, compared to Rs 280 crore in the December quarter last year. Consolidated net revenue also declined to Rs 581.38 crore in the third quarter of the current financial year from Rs 679.39 crore a year ago.

Glenmark, Piramal Life Sciences, SMS Pharma & Wyeth Q3 results

Press Trust of India

Biofuels technology company Praj Industries posted a standalone net profit of Rs 47.31 crore during the quarter ended December 2008, which reflects a growth of 19.92 per cent over the net profit of Rs 39.45 crore recorded during the corresponding quarter of the previous financial year. The company&rsquo;s standalone revenues grew to Rs 210.05 crore during the quarter, a jump of 16.54 per cent over Rs 180.23 crore posted in the October-December quarter of the previous financial year.

Praj Industries net jumps 19.92%

GlaxoSmithkline Consumer Healthcare posted a 18.43 per cent rise in net profit to Rs 32.58 crore for the fourth quarter ended December 2008, compared to Rs 27.51 crore in the corresponding quarter last year. Total income grew 17 per cent to Rs 343.56 crore during the quarter, from Rs 294.29 crore in the same period last year.

Glaxo Smithkline & Zydus Cadila Q3 results

Hospitality services provider EIH today announced a profit after tax of Rs 33.27 crore for the quarter ended December 2008, down 54.04 per cent over the corresponding period a year ago.

EIH net drops 54% to Rs 33.27 crore

Rajasthan-based Mangalam Cement, a part of the B K Birla group, has posted a drop of 33.61 per cent in its net profit for the quarter ended December 2008 to Rs 17.09 crore, compared to Rs 25.74 crore in the corresponding period last year. The company&rsquo;s net sales during the period stood at Rs 141.18 crore against Rs 121.03 crore, up 16.65 per cent.

Mangalam Cement & Chettinad Cement Q3 results

Manali Petrochemical net profit dropped 73 per cent to Rs 17.38 lakh during the third quarter ended December 2008 as compared to Rs 65.44 lakh for the same period last year. The company&rsquo;s total income rose by 5 per cent to Rs 83 crore from Rs 79 crore in the same quarter last year. Other income dropped 41 per cent to Rs 58.54 lakh from Rs 99.12 lakh in the corresponding period last year.

Manali Petrochemical net dips 73%

Basmati rice processing and marketing company Rei Agro reported a 92.32 per cent decline in profit after tax to Rs 2.03 crore in the third quarter ended December 2008. The company had a PAT of Rs 26.44 crore in the December quarter of FY08. The total income increased to Rs 572.15 crore in the quarter under review from Rs 455.94 crore a year ago. Shares of the company closed at Rs 605, down 2.65 per cent on the BSE.

Rei Agro PAT, Gemini Communication & Cummins India Q3 results

Education solutions provider Educomp posted a 61.4 per cent increase in its year-on-year consolidated profit after tax for the third quarter ended December 2008. The net profit for the period stood at Rs 31.82 crore compared to Rs 19.71 crore in the year ago period.

Educomp, HCL Infosystems & Kale Consultants Q3 results

Tata Steel, the world&rsquo;s sixth-largest steel maker, has posted a 56.37 per cent drop in third quarter net profit to Rs 466.24 crore from its Indian operation as slowing economic growth and the credit crunch prompted makers of cars and appliances to slash orders. The company reported a drop for the first time in almost three years due to 13.81 per cent fall in the volume of steel sold.

Tata Steel net dips 56.37%

Sajjan Jindal-controlled JSW Steel reported a net loss of Rs 127.50 crore for the third quarter ended December 2008, following a foreign-exchange loss of Rs 177 crore. The company had recorded a net profit of Rs 355.37 crore in the corresponding period last financial year.

JSW Steel net loss at Rs 128 cr

FMCG company Dabur India reported a 16.1 per cent rise in net profit for the third quarter ended December 2008. The company posted a net profit of Rs 107.40 crore for the quarter as against Rs 92.50 crore in the corresponding period a year ago. Dabur ended the quarter with gross sales of 786.21 crore, up 19.4 per cent from Rs 658.61 crore a year earlier.

Dabur, Tata Comm & Tata Chem Q3 results

Oil and Natural Gas Corporation, India&rsquo;s largest oil producer, has reported an over 43 per cent dip in its net profit for the October-December quarter on account of lower crude oil prices and higher subsidy burden, the company said in a release.

ONGC, HPCL, Gail & HDIL Q3 results

Aditya Birla Nuvo, a diversified company of the Aditya Birla group, has posted a consolidated net loss of Rs 156.40 crore for the quarter ended December 2008, compared with the net profit of Rs 30.2 crore in the previous corresponding quarter. The company&rsquo;s consolidated net sales during the period grew to Rs 3,429 crore against Rs 2,931.1 crore last year, up 17 per cent.The company has its exposure in businesses like telecom, textiles, BPO, branded garments, carbon black and life insurance. On a standalone basis, the company&rsquo;s net profit for the December quarter took a dip of 95.12 per cent to Rs 4.1 crore against Rs 84 crore in the previous corresponding quarter.

Aditya Birla Nuvo net loss at Rs 156 crore

Television Eighteen India, which owns television business news channel CNBC, reported a consolidated net loss of Rs 27.70 crore for the quarter ended December 2008, against a net profit of Rs 13 crore for the corresponding quarter last year. This is despite a 16 per cent increase in consolidated revenues to Rs 1,304 crore for the quarter. On a standalone basis, the business news channel reported a 71 per cent decline in net profits to Rs 7.27 crore in the quarter ended December 2008 on the back of 23 per cent drop in revenues to Rs 61.47 crore. Web 18, the company&rsquo;s arm that manages all the internet business of the group, plans to go for an American Depository Receipts (ADR) issue and has filed a draft registration statement for an IPO, Television Eighteen said in a release. When contacted, a senior company executive said the amount Web 18 plans to raise through the IPO has not been finalised.

TV 18 reports Rs 27.70 crore loss

Bangalore-based food products company, Britannia Industries (BIL), reported a net profit of Rs 46.1 crore for the third quarter ended December 2008, compared to Rs 45.3 crore in the corresponding previous quarter. Overall expenses went up by 26 per cent to Rs 761.2 crore, compared to the same quarter last financial year. Sales for the period went up by 24.8 per cent to Rs 828 crore. The operating profit for the third quarter rose by 15 per cent to Rs 58.8 crore as against the same quarter last year. The company&rsquo;s sales were driven by a healthy blend of volume, mix and price, the company said in a release. Higher operational expenses like rise in cost of raw materials impacted the company&rsquo;s net profit growth.

Britannia Industries net flat at Rs 46.1 cr

Mumbai-based private bank Development Credit Bank has posted a net loss of Rs 3.22 crore for the third quarter ended December 2008, compared to a net profit of Rs 25.71 crore in October-December 2007. Total income for the reporting quarter rose to Rs 167.62 crore from Rs 137.11 crore.

DCB net loss of Rs 3.22 crore

Larsen &amp; Toubro (L&amp;T), the country&rsquo;s largest engineering and construction company, has posted a 25.39 per cent rise in profit after tax (PAT) to Rs 604.11 crore in the third quarter, thanks to the strong growth in engineering and construction business.

L&T PAT rises 25% on strong order growth

Total income has decreased by 3 per cent from Rs 1921 crore for the quarter ended December 31, 2007 to Rs 1863 crore. Sales turnover was also down by 15 per cent at Rs1,629 crore as compared to Rs1,914 crore in the previous year period.

Siemens net up 67% on new orders

Riding on the back of government-issued bonds, Indian Oil Corporation (IOC), the country&rsquo;s largest oil marketing company, has reported a 42 per cent jump in its net profit for the quarter ended December 31, 2008, at Rs 2,958.59 crore.

IOC profit rises 42%, courtesy govt bonds

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 1107 - Company Results