NTPC reported 10.2% fall in net profit to Rs 2130.39 crore on 14.2% rise in net sales to Rs 15332.30 crore in Q3 December 2011 over Q3 December 2010. Meanwhile, Bangladeshs state-owned Power Development Board (PDB) has reportedly signed a $1.5 billion deal with NTPC to build a 1,320 megawatt coal-fired power plant, to help it ease acute power shortages. PDB has struck the 50:50 joint venture deal with NTPC for the same. Under the pact, a joint venture company will be floated to install and operate the plant while the PDB and the NTPC will implement the $1.5 billion project.
Bhel reported 2.1% rise in net profit to Rs 1432.61 crore on 19.2% rise in net sales to Rs 10547.97 crore in Q3 December 2011 over Q3 December 2010. The company has an outstanding order book position of about Rs.146500 crore as at end of Q3 December 2011.
Software stocks may decline after reports citing industry body National association of software and services companies (Nasscom) indicated that Indian technology companies are likely to forecast a slowdown in software exports in 2012-13, as corporations keep a wary eye on the global economic uncertainty.
Shares from sugar sector are likely to be in demand after the Prime Minister constituted an expert committee to examine issues relating to the sugar sector. The committee has been empowered to involve such experts, academics as required as special invitees. The committee will look into all the issues relating to de-regulation of the sugar sector and it has been requested to complete its task as early as possible and give its recommendations to the Prime Minister. The Ministry of Consumer Affairs, Food and Public Distribution have been requested to provide the necessary support to the Committee in discharging its functions.
Shares of Thomas Scott (India) will be listed and admitted to dealings from today, 30 January 2012. The listing is following the demerger of retail division of Bang Overseas, operating under the brand Thomas Scott.
Bhushan Steels board of directors have approved raising further equity shares for sum not exceeding Rs 700 crore by way of right issue at such premium as may decided by committee constituted by the board for the purpose.
On consolidated basis, KSK Energy Ventures reported net profit after minority interest of Rs 75.54 crore in the quarter ended December 2011 as against Rs 8.56 crore during the previous quarter ended December 2010. Sales rose to Rs 569.65 crore in the quarter ended December 2011 as against Rs 255.35 crore during the previous quarter ended December 2010.
Pfizer reported net profit of Rs 48.28 crore in the quarter ended December 2011. Sales reported to Rs 251.88 crore in the quarter ended December 2011. The current quarter is from 01 October 2011 to 31 December 2011 while the previous quarter was from 01 September 2010 to 30 November 2010. Hence, the quarterly results are not comparable.
Wyeth reported net profit of Rs 24.60 crore in the quarter ended December 2011. Sales reported to Rs 137.35 crore in the quarter ended December 2011. The current quarter is from 01 October 2011 to 31 December 2011, while the previous quarter was from 01 September 2010 to 30 November 2010. Hence, the quarterly results are not comparable
Savita Oil Technologies reported net loss of Rs 1.84 crore in the quarter ended December 2011 as against net profit of Rs 28.65 crore during the previous quarter ended December 2010. Sales rose 22.19% to Rs 497.93 crore in the quarter ended December 2011 as against Rs 407.51 crore during the previous quarter ended December 2010.
Net profit of Vinati Organics rose 11.99% to Rs 16.06 crore in the quarter ended December 2011 as against Rs 14.34 crore during the previous quarter ended December 2010. Sales rose 35.06% to Rs 116.48 crore in the quarter ended December 2011 as against Rs 86.24 crore during the previous quarter ended December 2010.
Net profit of NRB Bearings declined 13.72% to Rs 12.33 crore in the quarter ended December 2011 as against Rs 14.29 crore during the previous quarter ended December 2010. Sales rose 13.97% to Rs 135.51 crore in the quarter ended December 2011 as against Rs 118.90 crore during the previous quarter ended December 2010.
On consolidated basis, Sasken Communication Technologies reported net profit of Rs 18.62 crore in the quarter ended December 2011 as against Rs 15.73 crore during the previous quarter ended December 2010. Sales reported to Rs 128.78 crore in the quarter ended December 2011 as against Rs 138.32 crore during the previous quarter ended December 2010.
Net profit of Divis Laboratories rose 20.66% to Rs 122.55 crore in the quarter ended December 2011 as against Rs 101.57 crore during the previous quarter ended December 2010. Sales rose 33.75% to Rs 414.68 crore in the quarter ended December 2011 as against Rs 310.05 crore during the previous quarter ended December 2010.
Net profit of Jammu and Kashmir Bank rose 26.99% to Rs 213.19 crore in the quarter ended December 2011 as against Rs 167.88 crore during the previous quarter ended December 2010. Total operating income rose 35.51% to Rs 1266.53 crore in the quarter ended December 2011 as against Rs 934.66 crore during the previous quarter ended December 2010.
Net profit of Gujarat Fluorochemicals rose 550.76% to Rs 218.98 crore in the quarter ended December 2011 as against Rs 33.65 crore during the previous quarter ended December 2010. Sales rose 168.68% to Rs 582.33 crore in the quarter ended December 2011 as against Rs 216.74 crore during the previous quarter ended December 2010.
Lloyds Steel Industries has scheduled a board meeting on 1 February 2012, to consider issue of equity shares on preferential basis.
Jyothy Laboratories has raised a long term loan of Rs 430 crore for redemption of existing redeemable, zero coupon non-convertible debentures aggregating to Rs 460 crore which matured on 27 January 2012.
Glenmark Pharma, Balrampur Chini , LIC Housing Finance, Indian Bank, Oriental Bank of Commerce, Allahabad Bank, Indiabulls Financial Services, United Phosphorus, Kansai Nerolac, PVR, 3M India, Ingersoll Rand and Mahindra Lifespace among others will declare September - December 2011 quarterly results today, 30 January 2012.
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