On a consolidated basis, net profit of Tech Mahindra rose 14.80% to Rs 276.02 crore on 8.37% increase in revenues to Rs 1444.87 crore in Q3 December 2011 over Q2 September 2011. Operating profit (earnings before interest, taxes, depreciation and amortization) rose 14.7% to Rs 234 crore in Q3 December 2011 over Q2 September 2011.
Total headcount stood at 42,746. The company said its debt was Rs 1376 crore as of 31 December 2011. Cash and cash equivalent stood at Rs 321 crore on balance sheet as of 31 December 2011
Vineet Nayyar, Vice Chairman, MD and CEO of Tech Mahindra said, We have had a satisfactory quarter, with growth in both revenue and margins. This is a result of our investments in growth markets, and in emerging technologies. We continue to focus on delivering enhanced value to our customers in an uncertain economic environment.
Tata Steel, Hindalco, ACC, Ambuja Cements and HPCL unveil quarterly results today, 9 February 2012.
Adani Enterprises, Alfa Laval (India), Anant Raj Industries, Apollo Tyres, C & C Constructions, Cummins India, Dishman Pharmaceuticals and Chemicals, Fortis Healthcare (India), Gammon India, GTL, GTL Infrastructure, Gujarat State Petronet, Honeywell Automation India, Indiabulls Securities, J.Kumar Infraprojects, Jindal Saw, Jindal Stainless, JK Tyre & Industries, Moser-Baer India, MRF, Natco Pharma, Network18 Media & Investments, New Delhi Television, Orbit Corporation, Page Industries, Rajesh Exports, Ruchi Soya Industries, Shasun Pharmaceuticals, Store One Retail India, Talwalkars Better Value Fitness, Tilaknagar Industries, Tree House Education & Accessories, TV Today Network, TV18 Broadcast, UB Engineering, Va Tech Wabag, Venkys (India), Walchandnagar Industries and Zicom Electronic Security Systems, among others, will also declare their October-December 2011 quarter results today, 9 February 2012.
Gammon Infrastructure Projects has bagged a Rs 1684 crore project from NHAI for widening Vijaywada-Gundugolanu section of National Highway in Andhra Pradesh. The project cost as estimated by NHAI is Rs 1684 crore, the company said, adding that the project will be built on design, build, finance, operate and transfer basis. The company will pay a premium of Rs 57.57 crore per annum for the concession period, it said. The concession period of the project is 30 years including a construction period of 2.5 years, it added.
The board of Gayatri Projects will meet on 11 February 2012, to consider the size, issue price and other matters related to the proposed rights issue. The board will also fix the record date for the issue.
Net profit of Power Grid Corporation of India rose 36.88% to Rs 809.23 crore in the quarter ended December 2011 as against Rs 591.19 crore during the previous quarter ended December 2010. Sales rose 20.20% to Rs 2466.62 crore in the quarter ended December 2011 as against Rs 2052.12 crore during the previous quarter ended December 2010.
Net profit of Brigade Enterprises declined 82.07% to Rs 10.42 crore in the quarter ended December 2011 as against Rs 58.12 crore during the previous quarter ended December 2010. Sales declined 16.00% to Rs 114.21 crore in the quarter ended December 2011 as against Rs 135.97 crore during the previous quarter ended December 2010.
Net profit of Shriram EPC declined 22.50% to Rs 6.82 crore in the quarter ended December 2011 as against Rs 8.80 crore during the previous quarter ended December 2010. Sales declined 5.47% to Rs 261.97 crore in the quarter ended December 2011 as against Rs 277.12 crore during the previous quarter ended December 2010.
Net profit of Essar Shipping declined 23.88% to Rs 17.79 crore in the quarter ended December 2011 as against Rs 23.37 crore during the previous quarter ended December 2010. Sales rose 16.15% to Rs 288.27 crore in the quarter ended December 2011 as against Rs 248.19 crore during the previous quarter ended December 2010.
Net profit of Jayaswal Neco Industries declined 67.76% to Rs 9.47 crore in the quarter ended December 2011 as against Rs 29.37 crore during the previous quarter ended December 2010. Sales rose 26.33% to Rs 658.56 crore in the quarter ended December 2011 as against Rs 521.31 crore during the previous quarter ended December 2010.
JSW ISPAT Steel reported net loss of Rs 308.57 crore in the quarter ended December 2011 as against net loss of Rs 409.31 crore during the previous quarter ended December 2010. Sales rose 177.48% to Rs 2666.47 crore in the quarter ended December 2011 as against Rs 960.95 crore during the previous quarter ended December 2010.
Net profit of JMC Projects India rose 18.91% to Rs 11.82 crore in the quarter ended December 2011 as against Rs 9.94 crore during the previous quarter ended December 2010. Sales rose 56.43% to Rs 568.81 crore in the quarter ended December 2011 as against Rs 363.61 crore during the previous quarter ended December 2010.
Net profit of JBF Industries declined 5.54% to Rs 28.16 crore in the quarter ended December 2011 as against Rs 29.81 crore during the previous quarter ended December 2010. Sales rose 31.59% to Rs 1110.74 crore in the quarter ended December 2011 as against Rs 844.09 crore during the previous quarter ended December 2010.
Net profit of Goldiam International rose 253.70% to Rs 1.91 crore in the quarter ended December 2011 as against Rs 0.54 crore during the previous quarter ended December 2010. Sales rose 12.95% to Rs 29.48 crore in the quarter ended December 2011 as against Rs 26.10 crore during the previous quarter ended December 2010.
K S Oils reported net loss of Rs 117.18 crore in the quarter ended December 2011 as against net profit of Rs 53.49 crore during the previous quarter ended December 2010. Sales declined 47.47% to Rs 701.44 crore in the quarter ended December 2011 as against Rs 1335.31 crore during the previous quarter ended December 2010.
Net profit of DIC India rose 73.12% to Rs 8.76 crore in the quarter ended December 2011 as against Rs 5.06 crore during the previous quarter ended December 2010. Sales rose 27.62% to Rs 186.11 crore in the quarter ended December 2011 as against Rs 145.83 crore during the previous quarter ended December 2010.
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