Company Results

Prestige Q4 net at Rs 70.15 cr

Prestige Q4 net at Rs 70.15 crPrestige Estates Projects, Bangalore based real estate Company’s net profit for the Q4 ended March 31 is recorded at Rs 70.15 crore and for the same period, it posted its revenue as Rs 456.46 crore.

This year, company posted a 28.74% increase in its consolidated net profit of Rs 166.66 crore as compared to last year’s net profit.

Company’s sales increased by 50.62% to Rs 1,543.11 crore, as compared to Rs 1,024.44 crore a year ago.

Glenmark Pharma posted net profit of Rs. 4.58bn for the year ended March 31, 2011

Glenmark Pharma posted net profit of Rs. 4.58bn for the year ended March 31, 201

Glenmark Pharmaceuticals Ltd (GPL), a Mumbai-based global integrated pharma giant has posted its consolidated net profit of Rs. 4.58bn for the year ended March 31, 2011. While last year the company recorded a net profit at Rs 3.31 bn. Therefore the company has posted a gain in consolidated net profit by 38 per cent for the financial year 2010-11.

It has become difficult for the company to compare its consolidated figures of current year with previous fiscal year because company has adopted new accounting system.

ZEE Ltd posts Q4 net profit at Rs 191.83 cr

ZEE Ltd posts Q4 net profit at Rs 191.83 cr Q4 consolidated profit of Zee Entertainment Enterprises (ZEEL) stood at Rs 191.83 crore.

During its filing to the Bombay Stock Exchange, the media company said that numbers include the consolidating financial data of Taj TV.

The company also said that after merging with ETC Networks, its entire business related to education demerged into a new listed company, Zee Learn and hence the numbers are incomparable.

Bajaj Auto up 2% on robust sales target for FY11

Bajaj Auto up 2% on robust sales target for FY11The sales of motorbikes for the fiscal year ended 31st March, 2011 were higher by 35 percent at 3,387,040 units as compared to the 2,506,791 units whose sales were made in the financial year prior to that.

According to a statement made by Bajaj Auto Ltd. on Monday, it had a record year in the Financial Year 2011 having gross vehicle sales, motorcycle sales, three-wheeler sales as well as exports all of bringing in all-time high volumes.

Ranbaxy swings to Q4 loss

Ranbaxy swings to Q4 loss

The shares of Ranbaxy Laboratories declined for the second consecutive day on disappointing results for the previous quarter, despite its consolidated PAT for 2011 surging more than five-fold, according to three dealers.

There was a report by the company showing only its yearly performance. However according to a Reuters measurement, there was a gross loss of 975 million rupees for quarter from October-December as against a profit made amounting to 2.6 billion rupees, around a year back.

Religare Enterprises posted net profit of Rs35.7 lakh in Q3

Religare Enterprises posted net profit of Rs35.7 lakh in Q3

Religare on individual basis has posted a net profit of Rs 35.7 lakh for the third quarter ended December 2010, while on consolidated basis its net loss is Rs 98.46 crore for the same period.

In the same quarter in 2009, company posted net loss of Rs 4.41 crore, whereas on consolidated basis net profit was Rs 21.67 crore.

The company also confirmed that its total income of the quarter ended 31st December 2010 has increased by 73.75% from Rs 413.37 crore in 2009 to Rs 718.23 crore for the last quarter.

Jubilant Life Q3 net profit dips 56%

Jubilant Life Q3 net profit dips 56%

Jubilant Life Sciences, a Pharmaceutical company has registered revenue of Rs 700 crore from life science products contributing 81% to the revenues of the company and registered a 13% growth during the third quarter ended
31 December 2010.

On the other hand, the company posted net profit of Rs 44 crore for the same quarter and sales stood at Rs 867 crore.

Hindalco declines on dull Q3 earnings

Hindalco declines on dull Q3 earnings

The stock price of Hindalco Industries fell down by 1.04% after the announcement of the third quarter financial results. The stock price of the company was recorded at Rs. 209 at 9:52 IST on Monday. The company has announced its financial results for the third quarter of the ongoing fiscal year on Saturday, 12 February 2011. It has informed that the net profit of the firm has gone up by 7.78% in this quarter under review.

The net profit of Hindalco was recorded Rs. 460.34 crore in the quarter ended on 31st December.

Mahindra Satyam posts impressive third quarter results

Mahindra Satyam posts impressive third quarter results

Indian software services exporter Mahindra Satyam has announced its financial results for the third quarter of the ongoing fiscal year and it has managed to increase its net profit figure remarkably.

The company has recorded more than double net profit in the third quarter as compared to the previous quarter. The company has been benefited from the new outsourcing contracts from the clients of the western nations.

Suzuki Motor follows forecast, Q3 net up

Suzuki Motor follows forecast, Q3 net up

The fourth largest automaker in Japan, Suzuki Motors has been able to meet the forecasts and made a 31 per cent rise in its Q3 profit. Brisk sale in Asia and rising competition in Indian markets, are the two main factors impacting the net in their own way.

But the fact remains that Suzuki was able to enjoy better earning than many of its domestic rival because of its less exposure to stronger yen. Moreover, association with Maruti in India also brought it huge royalty.