Trent + Kalyani Forge
Saturday, June 30, 2007
Net profit of Trent rose 1.72% to Rs 7.10 crore in the quarter ended March 2007 as against Rs 6.98 crore during the previous quarter ended March 2006. Sales rose 19.79% to Rs 108.57 crore in the quarter ended March 2007 as against Rs 90.63 crore during the previous quarter ended March 2006.
For the full year, net profit rose 32.94% to Rs 32.41 crore in the year ended March 2007 as against Rs 24.38 crore during the previous year ended March 2006. Sales rose 31.56% to Rs 455.78 crore in the year ended March 2007 as against Rs 346.44 crore during the previous ear ended March 2006. Does this mean the slowing down of Retail Sales in India ?
Net profit of Kalyani Forge rose 101.10% to Rs 3.66 crore in the quarter ended March 2007 as against Rs 1.82 crore during the previous quarter ended March 2006. Sales rose 40.48% to Rs 51.05 crore in the quarter ended March 2007 as against Rs 36.34 crore during the previous quarter ended March 2006.
For the full year, net profit rose 6.87% to Rs 11.05 crore in the year ended March 2007 as against Rs 10.34 crore during the previous year ended March 2006. Sales rose 23.40% to Rs 182.72 crore in the year ended March 2007 as against Rs 148.07 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 6:37 PM
Unity Infraprojects + Cranes Software + Lumax Auto
Friday, June 29, 2007
Net profit of Unity Infraprojects rose 36.03% to Rs 11.25 crore in the quarter ended March 2007 as against Rs 8.27 crore during the previous quarter ended March 2006. Sales rose 68.52% to Rs 179.09 crore in the quarter ended March 2007 as against Rs 106.27 crore during the previous quarter ended March 2006.
For the full year, net profit rose 72.27% to Rs 42.31 crore in the year ended March 2007 as against Rs 24.56 crore during the previous year ended March 2006. Sales rose 65.13% to Rs 542.86 crore in the year ended March 2007 as against Rs 328.74 crore during the previous year ended March 2006.
Net profit of Cranes Software International rose 20.01% to Rs 25.37 crore in the quarter ended March 2007 as against Rs 21.14 crore during the previous quarter ended March 2006.Sales declined 9.08% to Rs 54.75 crore in the quarter ended March 2007 as against Rs 60.22 crore during the previous quarter ended March 2006.
For the full year,net profit rose 46.42% to Rs 92.89 crore in the year ended March 2007 as against Rs 63.44 crore during the previous year ended March 2006.Sales rose 31.82% to Rs 246.53 crore in the year ended March 2007 as against Rs 187.02 crore during the previous year ended March 2006.
Net profit of Lumax Auto Technologies rose 320.00% to Rs 0.63 crore in the quarter ended March 2007 as against Rs 0.15 crore during the previous quarter ended March 2006.Sales rose 235.91% to Rs 51.73 crore in the quarter ended March 2007 as against Rs 15.40 crore during the previous quarter ended March 2006.
For the full year,net profit rose 2.61% to Rs 2.75 crore in the year ended March 2007 as against Rs 2.68 crore during the previous year ended March 2006.Sales rose 70.02% to Rs 160.35 crore in the year ended March 2007 as against Rs 94.31 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 11:19 AM
Banco Products 1:1 bonus issue
Banco Products India at its meeting held on Thursday, 28 June 2007 has recommended issue of bonus shares in the ratio of 1:1 (i.e. one equity share of Rs 10 each for every one equity share of Rs 10 each). The announcement was made after market hours on Thursday, 28 June 2007.
Published by DalalStreet Business @ 10:10 AM
Gitanjali Gems + Fortis Healthcare + Himatsingka Seide
Wednesday, June 27, 2007
Net profit of Gitanjali Gems rose 24.16% to Rs 13.72 crore in the quarter ended March 2007 as against Rs 11.05 crore during the previous quarter ended March 2006. Sales rose 40.97% to Rs 673.04 crore in the quarter ended March 2007 as against Rs 477.42 crore during the previous quarter ended March 2006.
For the full year, net profit rose 71.34% to Rs 81.90 crore in the year ended March 2007 as against Rs 47.80 crore during the previous year ended March 2006. Sales rose 36.89% to Rs 2219.26 crore in the year ended March 2007 as against Rs 1621.24 crore during the previous year ended March 2006.
Fortis Healthcare reported net loss of Rs 48.69 crore in the year ended March 2007 as against net loss of Rs 27.95 crore during the prevous year ended March 2006. Sales rose 25.88% to Rs 123.02 crore in the year ended March 2007 as against Rs 97.73 crore duriing the previous year ended March 2006.
Net profit of Himatsingka Seide declined 24.77% to Rs 8.90 crore in the quarter ended March 2007 as against Rs 11.83 crore during the previous quarter ended March 2006. Sales rose 13.97% to Rs 43.17 crore in the quarter ended March 2007 as against Rs 37.88 crore during the previous quarter ended March 2006.
For the full year, net profit rose 13.04% to Rs 54.61 crore in the year ended March 2007 as against Rs 48.31 crore during the previous year ended March 2006. Sales rose 15.83% to Rs 174.16 crore in the year ended March 2007 as against Rs 150.36 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 2:50 PM
Apollo Hospitals Results
Apollo Hospitals Enterprise's net profit advanced 17.74% to Rs 14.60 crore in Q4 March 2007 as against Rs 12.40 crore in Q4 March 2006. Revenue rose 21.56% to Rs 233.40 crore in Q4 March 2007 as against Rs 192.00 crore in Q4 March 2006.
Net profit surged 66.28% to Rs 100.10 crore in the year ended March 2007 as against Rs 60.20 crore in the year ended March 2006. Revenue increased 25.88% to Rs 891.00 crore in FY 2007 as against Rs 707.80 crore in FY 2006.
Published by DalalStreet Business @ 12:37 PM
Ansal Properties + ONGC + TVS Electronics
Monday, June 25, 2007
Net profit of Ansal Properties & Infrastructure rose 254.01% to Rs 41.49 crore in the quarter ended March 2007 as against Rs 11.72 crore during the previous quarter ended March 2006. Sales rose 106.88% to Rs 253.90 crore in the quarter ended March 2007 as against Rs 122.73 crore during the previous quarter ended March 2006.
For the full year, net profit rose 225.22% to Rs 131.91 crore in the year ended March 2007 as against Rs 40.56 crore during the previous year ended March 2006. Sales rose 118.74% to Rs 753.70 crore in the year ended March 2007 as against Rs 344.56 crore during the previous year ended March 2006.
Net profit of Oil & Natural Gas Corpn declined 13.10% to Rs 2681.64 crore in the quarter ended March 2007 as against Rs 3085.89 crore during the previous quarter ended March 2006. Sales rose 4.19% to Rs 12396.97 crore in the quarter ended March 2007 as against Rs 11898.37 crore during the previous quarter ended March 2006.
For the full year, net profit rose 8.40% to Rs 15642.92 crore in the year ended March 2007 as against Rs 14430.78 crore during the previous year ended March 2006. Sales rose 18.17% to Rs 56632.81 crore in the year ended March 2007 as against Rs 47922.87 crore during the previous year ended March 2006.
Net profit of TVS Electronics declined 25.99% to Rs 2.25 crore in the quarter ended March 2007 as against Rs 3.04 crore during the previous quarter ended March 2006. Sales rose 19.26% to Rs 77.47 crore in the quarter ended March 2007 as against Rs 64.96 crore during the previous quarter ended March 2006.
For the full year, net profit declined 41.27% to Rs 1.85 crore in the year ended March 2007 as against Rs 3.15 crore during the previous year ended March 2006. Sales rose 4.98% to Rs 272.42 crore in the year ended March 2007 as against Rs 259.50 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 10:37 PM
India Nippon + Hotel Leela + Abbott India
Thursday, June 21, 2007
Net profit of Indian Nippon Electricals declined 21.34% to Rs 3.98 crore in the quarter ended March 2007 as against Rs 5.06 crore during the previous quarter ended March 2006. Sales declined 4.73% to Rs 36.42 crore in the quarter ended March 2007 as against Rs 38.23 crore during the previous quarter ended March 2006.
For the full year, net profit declined 8.89% to Rs 18.45 crore in the year ended March 2007 as against Rs 20.25 crore during the previous year ended March 2006. Sales rose 15.38% to Rs 166.37 crore in the year ended March 2007 as against Rs 144.19 crore during the previous year ended March 2006.
Net profit of Hotel Leela Venture rose 19.22% to Rs 44.72 crore in the quarter ended March 2007 as against Rs 37.51 crore during the previous quarter ended March 2006. Sales rose 16.46% to Rs 116.74 crore in the quarter ended March 2007 as against Rs 100.24 crore during the previous quarter ended March 2006.
For the full year, net profit rose 72.67% to Rs 126.24 crore in the year ended March 2007 as against Rs 73.11 crore during the previous year ended March 2006. Sales rose 16.49% to Rs 380.86 crore in the year ended March 2007 as against Rs 326.95 crore during the previous year ended March 2006.
Net profit of Abbott India rose 34.66% to Rs 18.30 crore in the quarter ended May 2007 as against Rs 13.59 crore during the previous quarter ended May 2006. Sales rose 18.80% to Rs 154.04 crore in the quarter ended May 2007 as against Rs 129.66 crore during the previous quarter ended May 2006.
Published by DalalStreet Business @ 9:46 PM
Jetking Infotrain bonus issue
The board of directors of Jetking Infotrain has recommended issue of bonus shares in the ratio of 1:1. This was recommended at the board meeting held on 20 June 2007.
The stock is currently traded at Rs 594 up by 0.20%.
Published by DalalStreet Business @ 11:08 AM
Gulshan Sugars + Nahar Industries + Godfrey Phillips
Net profit of Gulshan Sugars & Chemicals rose 78.57% to Rs 1.50 crore in the quarter ended March 2007 as against Rs 0.84 crore during the previous quarter ended March 2006. Sales rose 38.15% to Rs 12.24 crore in the quarter ended March 2007 as against Rs 8.86 crore during the previous quarter ended March 2006.
For the full year, net profit rose 83.57% to Rs 5.14 crore in the year ended March 2007 as against Rs 2.80 crore during the previous year ended March 2006. Sales rose 19.05% to Rs 49.13 crore in the year ended March 2007 as against Rs 41.27 crore during the previous year ended March 2006.
Net profit of Nahar Industrial Enterprises declined 35.09% to Rs 21.35 crore in the quarter ended March 2007 as against Rs 32.89 crore during the previous quarter ended March 2006. Sales rose 17.12% to Rs 211.34 crore in the quarter ended March 2007 as against Rs 180.44 crore during the previous quarter ended March 2006.
For the full year, net profit declined 15.67% to Rs 67.86 crore in the year ended March 2007 as against Rs 80.47 crore during the previous year ended March 2006. Sales rose 29.75% to Rs 900.63 crore in the year ended March 2007 as against Rs 694.14 crore during the previous year ended March 2006.
Net profit of Godfrey Phillips India rose 472.98% to Rs 18.45 crore in the quarter ended March 2007 as against Rs 3.22 crore during the previous quarter ended March 2006. Sales rose 38.04% to Rs 232.51 crore in the quarter ended March 2007 as against Rs 168.44 crore during the previous quarter ended March 2006.
For the full year, net profit rose 46.52% to Rs 88.10 crore in the year ended March 2007 as against Rs 60.13 crore during the previous year ended March 2006. Sales rose 15.29% to Rs 772.54 crore in the year ended March 2007 as against Rs 670.11 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 12:18 AM
Indiabulls Real Estate acquires 2 housing projects
Wednesday, June 20, 2007
Indiabulls Real Estate through its wholly owned subsidiaries, has acquired two housing projects in Chennai.
Selene Estate, a wholly owned subsidiary of the company has entered into an agreement to acquire 50 acres of land to develop a residential project at Jalladianpet, a suburb of Chennai located next to IT corridor at Old Mahabalipuram Road. 16 acres of land have already been acquired and registered.
Fama Land Development, a wholly owned subsidiary of the company, has entered into an agreement to acquire 241 acres of land to develop a residential and commercial project located near National Highway 5 , an alternate industrial corridor being promoted by the Tamil Nadu State Government. 198 acres of land have already been acquired and registered.
The company, through its wholly owned subsidiaries, has acquired 396 acres of land in Panvel, near Mumbai, to develop large scale residential projects.
The company has received Rs 264.49 crore from Ariston Investment Sub A and Rs 172.89 crore from Ariston Investment Sub B towards the sale of equity stakes of 7.95%, each in Indiabulls Properties and Indiabulls Real Estate Company. Further, the company is in the process of completing both these transactions.
With respect to the formal approval to Indiabulls Industrial Infrastructure (a wholly owned subsidiary of the company), for development of a multi product SEZ at Nasik, the company is in discussions with MIDC to finalize MIDC’s stake in the joint venture.
Published by DalalStreet Business @ 11:55 AM
Indian Hotels + Shalimar Paints + SREI Infrastructure Finance
Tuesday, June 19, 2007
Net profit of Indian Hotels Co [Taj Hotels] rose 70.60% to Rs 134.52 crore in the quarter ended March 2007 as against Rs 78.85 crore during the previous quarter ended March 2006. Sales rose 41.93% to Rs 505.16 crore in the quarter ended March 2007 as against Rs 355.93 crore during the previous quarter ended March 2006.
For the full year, net profit rose 75.42% to Rs 322.39 crore in the year ended March 2007 as against Rs 183.78 crore during the previous year ended March 2006. Sales rose 42.45% to Rs 1544.51 crore in the year ended March 2007 as against Rs 1084.26 crore during the previous year ended March 2006.
Net profit of Shalimar Paints rose 62.05% to Rs 2.69 crore in the quarter ended March 2007 as against Rs 1.66 crore during the previous quarter ended March 2006. Sales rose 29.43% to Rs 79.86 crore in the quarter ended March 2007 as against Rs 61.70 crore during the previous quarter ended March 2006.
For the full year, net profit rose 39.30% to Rs 4.75 crore in the year ended March 2007 as against Rs 3.41 crore during the previous year ended March 2006. Sales rose 17.97% to Rs 256.05 crore in the year ended March 2007 as against Rs 217.04 crore during the previous year ended March 2006.
Net profit of SREI Infrastructure Finance rose 97.62% to Rs 31.50 crore in the quarter ended March 2007 as against Rs 15.94 crore during the previous quarter ended March 2006. Sales rose 60.50% to Rs 123.44 crore in the quarter ended March 2007 as against Rs 76.91 crore during the previous quarter ended March 2006.
For the full year, net profit rose 63.67% to Rs 79.25 crore in the year ended March 2007 as against Rs 48.42 crore during the previous year ended March 2006. Sales rose 75.50% to Rs 397.99 crore in the year ended March 2007 as against Rs 226.78 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 7:41 PM
L&T-Eastern JV bags Rs 610 crore order
Larsen & Toubro and Eastern Contracting LLC joint venture has bagged an order worth Rs 610 crore (AED 557.5 Million) from Victory Heights Golf Residential and Development LLC, United Arab Emirates, to build a prestigious residential property in Dubai City.
Victory Heights has undertaken the development of luxury Golf residential community in Dubai Sports city. The development's 18-hole championship golf course is designed by renowned Golfer Ernie EIs.
The project is to be completed in 660 days from the date of commencement and involves construction of Package-2 of the villa development involving 295 grandeur villas of ground + 1 configuration.
The Company and Eastern Contracting LLC - which undertakes a variety of turnkey and other construction projects in UAE - have formed a joint venture to execute this project.
Published by DalalStreet Business @ 11:49 AM
Rajesh Exports good Q4 results
Monday, June 18, 2007
Rajesh Exports net profit rose 123.09% to Rs 33.33 crore in Q4 March 2007 as against Rs 14.94 crore in Q4 March 2006. Sales rose 0.75% to Rs 1796.52 crore in Q4 March 2007 as against Rs 1783.07 crore in Q4 March 2006.
The net profit rose 52.19% to Rs 101.28 crore in the year ended March 2007 (FY 2007) as against Rs 66.55 crore during the previous year ended March 2006 (FY 2006). Sales rose 25.75% to Rs 6893.37 crore in FY 2007 as against Rs 5481.87 crore in FY 2006.
The company decided on 12 June 2007 to initiate the development of 5 selected properties from the company's existing land bank of 32 properties. This is the first phase of development that the company will be undertaking from the 32 strategically located properties owned by the company.
Published by DalalStreet Business @ 3:50 PM
Navratna Status to Power Finance Corporation
Government of India has granted 'Navratna' status to Power Finance Corporation and a formal investiture ceremony in this regard is scheduled to be held in New Delhi on 22 June 2007.
It will allow higher operational freedom to the board of directors of the company regarding extent of investment in joint ventures, incurring of capital expenditure, creation of below board level positions, investment in equity etc.
Published by DalalStreet Business @ 2:54 PM
Indiabulls Real Estate rides on European tieup
Friday, June 15, 2007
Indiabulls Real Estate announced before market hours today, 15 June 2007, that the company and Strabag Group's Zublin International GmbH have entered into a memorandum of understanding to consolidate their resources and experience and jointly work on large infrastructure development projects. They have also agreed to set up a special purpose vehicle (SPV) to execute these projects.
Strabag Group is one of Europe's leading construction groups with nearly 53,000 employees and a turnover of more than 10 billion euros in 2006.
Indiabulls Real Estate reported net profit of Rs 6.01 crore on total income of Rs 14.39 crore in the quarter ended March 2007. It reported a net profit of Rs 13.12 crore on total income of Rs 27.06 crore in the year ended March 2007 (FY 2007).
The Indiabulls Real Estate share price had declined from Rs 401.85 on 1 June 2007 to Rs 347.15 on 12 June 2007. It recovered over the next two trading sessions to Rs 358.25 on 14 June 2007
Published by DalalStreet Business @ 10:58 AM
HFCL Infotel reports net loss of Rs 37.89 crore in the March 2007 quarter
Thursday, June 14, 2007
HFCL Infotel reported net loss of Rs 37.89 crore in the quarter ended March 2007 as against net loss of Rs 42.83 crore during the previous quarter ended March 2006. Sales declined 18.86% to Rs 60.16 crore in the quarter ended March 2007 as against Rs 74.14 crore during the previous quarter ended March 2006.
For the full year, net loss reported at Rs 116.32 crore in the year ended March 2007 as against net loss of Rs 113.04 crore during the previous year ended March 2006. Sales declined 5.48% to Rs 275.90 crore in the year ended March 2007 as against Rs 291.89 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 12:47 PM
Nagarjuna Construction Company secures building contract from National Institute of Technology
Nagarjuna Construction Company has secured a building contract from National Institute of Technology (NIT), Warangal, Andhra Pradesh valued at Rs 61 crore.
The project comprises of construction of hall of residence for 1000 students and kitchen cum dining hall at NIT.
The work is to be completed over a period of 18 months.
Published by DalalStreet Business @ 12:13 PM
Praj Industries signs joint venture with Aker Kvaerner
Wednesday, June 13, 2007
Praj Industries and Aker Kvaerner, global provider of engineering and construction services finalised an agreement to form a joint venture company in Europe that will be called BioCnergy Europe B.V.
The company holds 60 percent in BioCnergy, while Aker Kvaerner holds 40 percent of the shareholding.
The joint venture will provide the technology package, engineering services, equipment and systems, project management services, construction and erection services, and commissioning, as well as turnkey biofuel plant.
Published by DalalStreet Business @ 9:39 AM
Larsen & Toubro bags Rs 877 crore order
Tuesday, June 12, 2007
Oil & Natural Gas Corporation has awarded Rs 877 crore turnkey project order to Larsen & Toubro for the NQ re-construction (NQRC) project in Mumbai High North fields.
This Project is the largest brownfield project of its kind awarded in the offshore oil & gas sector in India.
The company bagged the prestigious order on the strength of its proven track record in meeting several stringent requirements, including a tight project schedule.
The Project will be executed on a lump sum turnkey basis with the completion scheduled by 08 May 2009.
Published by DalalStreet Business @ 12:38 PM
Asian CERC and Ashtavinayak Cine Vision Results
Monday, June 11, 2007
Net profit of Asian CERC Information Technology rose 239.13% to Rs 0.78 crore in the quarter ended March 2007 as against Rs 0.23 crore during the previous quarter ended March 2006. Sales rose 74.90% to Rs 4.18 crore in the quarter ended March 2007 as against Rs 2.39 crore during the previous quarter ended March 2006.
For the full year, net profit rose 52.60% to Rs 2.64 crore in the year ended March 2007 as against Rs 1.73 crore during the previous year ended March 2006. Sales rose 57.03% to Rs 13.96 crore in the year ended March 2007 as against Rs 8.89 crore during the previous year ended March 2006.
Shree Ashtavinayak Cine Vision reported net profit of Rs 5.46 crore in the quarter ended March 2007. Sales reported at Rs 8.40 crore in the quarter ended March 2007.
For the full year, net profit rose 89.56% to Rs 14.16 crore in the year ended March 2007 as against Rs 7.47 crore during the previous year ended March 2006. Sales rose 59.21% to Rs 96.07 crore in the year ended March 2007 as against Rs 60.34 crore during the previous year ended March 2006
Published by DalalStreet Business @ 8:13 PM
Ansal's Haryana township project welcomed
AHCL announced during market hours today, 11 June 2007, that the director, town & country planning, Chandigarh, Haryana, had issued licence for development of approximately 100 acres of residential project of the company at sector 19, Rewari, Haryana. [Ansal Housing is different from Ansal Properties and Infrastructure Ltd]
The integrated township is strategically located close to the Delhi-Jaipur highway. It has an excellent business potential and is in the neighborhood of Gurgaon, one of the prominent IT cities of India. The integrated township is to be named Ansal Town.
The Ansal Town will have in-house amenities like schools, hospitals, clubs and multiplexes. The company will undertake all the development and marketing work of the project. The project is expected to have a turnover of about Rs 150 crore over the next 2-3 years with sizeable profit, the company said.
AHCL's net profit soared 94.8% to Rs 13.07 crore in Q3 December 2006 compared to Rs 6.71 crore in Q3 December 2005. Sales surged 61.4% to Rs 56.15 crore in Q3 December 2006 (Rs 34.78 crore).
Real-estate development is the main business of AHCL,with focus on low and medium range residential property. It concentrates on the area in and around Delhi with special focus on Noida and Ghaziabad regions of UP.
Published by DalalStreet Business @ 8:09 PM
MSP Steel & Power, Surana Industries Results
Friday, June 08, 2007
MSP Steel & Power reported net profit of Rs 9.98 crore in the quarter ended March 2007 as against net loss of Rs 0.78 crore during the previous quarter ended March 2006. Sales rose 119.84% to Rs 69.38 crore in the quarter ended March 2007 as against Rs 31.56 crore during the previous quarter ended March 2006. For the full year, net profit rose 1735.45% to Rs 20.19 crore in the year ended March 2007 as against Rs 1.10 crore during the previous year ended March 2006. Sales rose 149.61% to Rs 210.52 crore in the year ended March 2007 as against Rs 84.34 crore during the previous year ended March 2006.
Net profit of Surana Industries declined 17.86% to Rs 9.38 crore in the quarter ended March 2007 as against Rs 11.42 crore during the previous quarter ended March 2006. Sales rose 10.88% to Rs 277.39 crore in the quarter ended March 2007 as against Rs 250.17 crore during the previous quarter ended March 2006. For the full year, net profit rose 31.19% to Rs 30.75 crore in the year ended March 2007 as against Rs 23.44 crore during the previous year ended March 2006. Sales rose 23.88% to Rs 774.88 crore in the year ended March 2007 as against Rs 625.52 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 11:48 AM
India Technicals
With SENSEX and Nifty in Red, here are the technical support and resistance levels.
Nifty — The index opened on a flat note and exhibited intra-day volatility in 4230 and 4162 band.It ended the day down 18 points.
Support — The index has support around 4141 (low of 25 May 2007) and 4127 (approx.) the level of 4127 is 62% retracement level of the rise from low of 3981(11 May 07) to the recent high at 4363. Intra day Nifty declined towards the 4141 level and witnessed an intra-day bounce.
Resistance — The index faces resistance around 4225 (20dma) and 4257 (10dma), cross above 4225 could see an intra-day bounce towards 4257.
Conclusion — Intra-day pullback will face resistance around 4257.
Published by DalalStreet Business @ 10:03 AM
Suzlon Energy Powered by US Order
Thursday, June 07, 2007
US-based Suzlon Wind Energy Corporation, the step-down subsidiary of Suzlon Energy, has signed a contract for a total of 300 units of 630 mega watt (MW) of wind turbine capacity with Edison Mission Group of Irvine, California, the USA. The two phase contract calls for delivery of 315 MW of turbine capacity in 2008 and another 315 MW of capacity in 2009.
In May 2007, Suzlon Energy had acquired German wind turbine manufacturer REpower after the French nuclear energy group Areva decided to withdraw from the bidding contest. REpower is one of Germany’s biggest wind-turbine makers and one of the world’s leading companies in wind energy sector.
Suzlon Energy's net profit rose 21.56% to Rs 437.82 crore in Q4 March 2007 (Rs 360.16 crore). Sales moved up 32.72% to Rs 2055.48 crore in Q4 March 2007 (Rs 1548.71 crore). The net profit rose 29.22% to Rs 1061.14 crore in FY 2007 (Rs 821.19 crore). Sales jumped 42.02% to Rs 5380.37 crore in FY 2007 (Rs 3788.46 crore).
From Rs 1187.65 on 30 April 2007, it had advanced to Rs 1,250.90 by 14 May 2007. But it slipped sharply to Rs 1,138.30 on 15 May 2007 after it reported poor results for Q4 March 2007 during trading hours that day. The scrip again moved up to Rs 1378 by 25 May 2007. It had settled at Rs 1310 on 6 June 2007.
Published by DalalStreet Business @ 11:07 AM
PVR , BASF and Cyber Media India Results
Wednesday, June 06, 2007
Net profit of PVR rose 93.05% to Rs 10.56 crore in the year ended March 2007 as against Rs 5.47 crore during the previous year ended March 2006. Sales rose 59.28% to Rs 164.09 crore in the year ended March 2007 as against Rs 103.02 crore during the previous year ended March 2006.
Net profit of BASF India declined 26.31% to Rs 3.67 crore in the quarter ended March 2007 as against Rs 4.98 crore during the previous quarter ended March 2006. Sales rose 10.68% to Rs 160.70 crore in the quarter ended March 2007 as against Rs 145.19 crore during the previous quarter ended March 2006. For the full year, net profit rose 10.31% to Rs 50.09 crore in the year ended March 2007 as against Rs 45.41 crore during the previous year ended March 2006. Sales rose 12.59% to Rs 768.53 crore in the year ended March 2007 as against Rs 682.57 crore during the previous year ended March 2006.
Net profit of Cyber Media (India) declined 74.22% to Rs 0.33 crore in the quarter ended March 2007 as against Rs 1.28 crore during the previous quarter ended March 2006. Sales rose 9.45% to Rs 16.56 crore in the quarter ended March 2007 as against Rs 15.13 crore during the previous quarter ended March 2006. For the full year, net profit declined 15.19% to Rs 4.30 crore in the year ended March 2007 as against Rs 5.07 crore during the previous year ended March 2006. Sales rose 22.54% to Rs 66.98 crore in the year ended March 2007 as against Rs 54.66 crore during the previous year ended March 2006.
Published by DalalStreet Business @ 10:56 PM
Clutch Auto shifts into higher gear
Clutch Auto said after trading hours on Tuesday, 5 June 2007, JM Financial mutual fund, through its various schemes, has bought a further 0.64% stake in the company. The funds' combined stake in Clutch Auto has thus risen to 5.5%, the company said.
On 4 April 2007, Clutch Auto confirmed the company was in advanced stage of negotiations with the US-based International Truck and Engine Corporation, manufacturers of Navistar brand of trucks.
Clutch Auto’s net profit jumped 72.68% to Rs 7.08 crore in Q4 March 2007 as against Rs 4.10 crore in Q4 March 2006. Sales moved up 84.32% to Rs 90.96 crore in Q4 March 2007 (Rs 49.35 crore). Net profit scaled up 71.47% to Rs 21.52 crore in the year ending March 2007 as against Rs 12.55 crore in FY 2006. Sales rose 56.75% to Rs 235.50 crore (Rs 150.24 crore).
Clutch Auto manufactures clutches, and components and spares for the automotive sector. Its clientele includes Tata Motors, Maruti Udyog, Escorts Tractors, Bharat Earth Movers and state transport undertakings.
Published by DalalStreet Business @ 12:50 PM
Mount Everest Mineral Water fails to climb despite Tata Tea taking control
Monday, June 04, 2007
The board of Mount Everest Mineral Water will issue and allot to Tata Tea 50.99 lakh shares of the company at a price of Rs 140 per share on preferential allotment basis to Tata Tea. The announcement was made by the company after trading hours on Friday, 1 June 2007.
The board also approved Tata Tea's proposal to acquire 31.10 lakh shares of Mount Everest Mineral Water from Foresight Holdings and Vinod Sethi, promoters of MEMW, and Salim Govani, MEMW Managing Director, at Rs 140 per share.
MEMW announced on 19 March 2007, that it is entering into a distributorship agreement for marketing an energy drink under the brand name 'Power Horse' in India.
The net profit declined 38.2% to Rs 0.34 crore in Q3 December 2006 as against Rs 0.55 crore in Q3 December 2005. Sales soared 46.9% to Rs 6.20 crore in Q3 December 2006 (Rs 4.22 crore).
Published by DalalStreet Business @ 12:56 PM
Punj Lloyd - Growth Momentum Continues
Friday, June 01, 2007
Punj Lloyd’s net profit rose 22.06% to Rs 23.18 crore in Q4 March 2007 from Rs 18.99 crore in Q4 March 2006. Sales surged 91.06% to Rs 798.26 crore (Rs 417.81 crore).
Net profit jumped 75.22% to Rs 61.59 crore in the year ended March 2007 (FY 2007) from Rs 35.15 crore in FY 2006. Sales soared 63.63% to Rs 2238.85 crore in FY 2007 from Rs 1368.22 crore in FY 2006. Its consolidated Net Profit is much higher. Check out Punj Lloyd website :-)
On 14 May 2007, Punj Lloyd had announced that it received a contract worth Rs 122.65 crore from GAIL India for the Panvel-Dabhol pipeline project.
Earlier, on 16 April 2007, the company had secured a contract worth Rs 530 crore to construct a pipeline for Oman Gas Company (OGC) on engineering, procurement & construction (EPC) basis. The project is likely to be completed by October 2008.
Punj Lloyd is one of India's largest engineering construction companies active in the energy and infrastructure sectors.
Published by DalalStreet Business @ 1:30 PM
