On a consolidated basis, net profit of Tata Steel reported net loss of Rs 602.67 crore in Q3 December 2011 as against net profit of Rs 1003.02 crore in Q3 December 2010. Net sales rose 15.2% to Rs 32964.15 crore in Q3 December 2011 over Q3 December 2010. EBITDA (earnings before interest, taxes, depreciation and amortization) was reported at Rs 1940 crore in Q3 December 2011 compared to Rs 3374 crore in Q3 December 2010. Steel deliveries in Q3 December 2011 fell slightly to 5.84 million tonnes from 5.9 million tonnes in Q3 December 2010. Net debt at the end of December 2011 was Rs 50528 crore compared to Rs 46627 crore at the end of March 2011.
Tata Steel Managing Director Mr HM Nerurkar said: Our Indian operations delivered steady performance during the last quarter, with flat product volumes increasing 3% year-on-year. Long product volumes dropped marginally due to planned shutdowns, but we increased our market reach, recording our highest ever quarterly retail long products sales. Company-wide cost saving measures benefitted margins in an otherwise difficult market. We expect steel demand to improve on expectations of the RBI relaxing monetary policy to aid growth and investment. An improvement in operating performance, coupled with a number of new marketing initiatives, should increase profitability at the South East Asian operations.
Tata Steel Europe MD & CEO Dr Karl-Ulrich K�hler said: The December quarter marked the height of the cyclical cost-price squeeze. Tata Steel was one of the first steel companies in Europe last year to start adjusting its output and configuration to the slowdown in the recovery. The turnaround programme in our Long Products business is well on course for completion by the end of the financial year, as planned. Similar measures have been taken elsewhere in the Company, most recently at some of our tubes operations in the Netherlands and the UK. Through our Step Up & Save initiative we are accelerating cash conservation in expectation of muted but stable demand in our core markets in 2012.
On a consolidated basis, net profit of ACC rose 86.1% to Rs 463.20 crore on 26.5% increase in net sales to Rs 2647.41 crore in Q4 December 2011 over Q4 December 2010.
ACC achieved a sales volume of 23.73 million tonnes of cement in the year ended December 2011. This was made possible by the stabilisation of the recently added capacities at Chanda and Wadi, coupled with enhanced availability from other plants.
ACC said its profitability was affected by steep escalations in the cost of major inputs. Coal prices for different grades increased by about 30%, while the cost of gypsum and flyash increased significantly. Higher fuel prices also led to increased cost of transportation.
In its outlook, ACC said that while economic growth during the year was not robust, it is seeing some positive signs in the last few months. In the near term, the firm expects that economic development will accelerate as India plans to invest about $1 trillion in infrastructure in the Twelfth Five-Year Plan period. This makes the company optimistic about healthy growth in demand for cement. With regards to raw materials, coal pricing is volatile and the company anticipates a rise in the costs of other critical inputs.
Net profit of Hindustan Petroleum Corporation (HPCL) rose 1191.37% to Rs 2725.18 crore in the quarter ended December 2011 as against Rs 211.03 crore during the previous quarter ended December 2010. Sales rose 41.34% to Rs 47917.37 crore in the quarter ended December 2011 as against Rs 33902.50 crore during the previous quarter ended December 2010.
Mahindra Satyam has decided to pick up a minority stake in Dion Global Solution for an undisclosed amount. Mahindra Satyam has already signed an pact with Dion, a provider of software products and solutions for capital markets globally.
DFL, Tata Power, BPCL, Reliance Communications (RCom), Britannia Industries, Sun TV Network, Essar Oil, IDFC and Neyveli Lignite Corporation unveil Q3 results today, 10 February 2012. JSW Steel announces consolidated Q3 results today, 10 February 2012. The company has already announced its stand-alone results.
Tata Chemicals, Reliance Capital, Religare Enterprises, Shriram Transport Finance Company, Simbhaoli Sugars, Pantaloon Retail (India), Hotel Leela Venture, Lovable Lingerie, Bharati Shipyard, Great Eastern Shipping Company, Orissa Minerals Development Company, Titagarh Wagons, Andhra Cements, Apollo Hospitals Enterprise, Archidply Industries, Aurobindo Pharma, BF Utilities, Cinemax India, Eros International Media, Dalmia Bharat Enterprises, Elder Pharmaceuticals, Emami Infrastructure, Gammon Infrastructure Projects, Hathway Cable & Datacom, Himadri Chemicals and Industries, Kwality Dairy (India), Mahanagar Telephone Nigam (MTNL), Morepen Laboratories, Nitin Fire Protection Industries, Panacea Biotec, Parekh Aluminex, Pipavav Defence And Offshore Engineering Company, Puravankara Projects, Sical Logistics, TV Today Network and Uflex, among others, will also declare their October-December 2011 quarter results today, 10 February 2012.
Net profit of Gammon India declined 89.96% to Rs 1.02 crore in the quarter ended December 2011 as against Rs 10.16 crore during the previous quarter ended December 2010. Sales declined 13.68% to Rs 1184.28 crore in the quarter ended December 2011 as against Rs 1372.04 crore during the previous quarter ended December 2010.
Tree House Education & Accessories reported net profit of Rs 6.12 crore in the quarter ended December 2011. Sales reported to Rs 21.30 crore in the quarter ended December 2011.
Net profit of Shasun Pharmaceuticals rose 3422.22% to Rs 12.68 crore in the quarter ended December 2011 as against Rs 0.36 crore during the previous quarter ended December 2010. Sales rose 44.35% to Rs 205.52 crore in the quarter ended December 2011 as against Rs 142.38 crore during the previous quarter ended December 2010.
Net profit of Honeywell Automation India rose 31.51% to Rs 33.85 crore in the quarter ended December 2011 as against Rs 25.74 crore during the previous quarter ended December 2010. Sales rose 31.76% to Rs 501.17 crore in the quarter ended December 2011 as against Rs 380.37 crore during the previous quarter ended December 2010.
Net profit of Alfa-Laval India rose 11.52% to Rs 27.10 crore in the quarter ended December 2011 as against Rs 24.30 crore during the previous quarter ended December 2010. Sales rose 30.88% to Rs 311.65 crore in the quarter ended December 2011 as against Rs 238.12 crore during the previous quarter ended December 2010.
Net profit of Gujarat State Petronet declined 20.74% to Rs 126.13 crore in the quarter ended December 2011 as against Rs 159.13 crore during the previous quarter ended December 2010. Sales declined 1.91% to Rs 273.87 crore in the quarter ended December 2011 as against Rs 279.19 crore during the previous quarter ended December 2010.
Net profit of Talwalkars Better value Fitness rose 102.86% to Rs 2.13 crore in the quarter ended December 2011 as against Rs 1.05 crore during the previous quarter ended December 2010. Sales rose 52.04% to Rs 20.10 crore in the quarter ended December 2011 as against Rs 13.22 crore during the previous quarter ended December 2010.
New Delhi Television reported net loss of Rs 2.39 crore in the quarter ended December 2011 as against net loss of Rs 17.08 crore during the previous quarter ended December 2010. Sales rose 4.24% to Rs 100.57 crore in the quarter ended December 2011 as against Rs 96.48 crore during the previous quarter ended December 2010.
Net profit of T.V. Today Network declined 62.63% to Rs 3.55 crore in the quarter ended December 2011 as against Rs 9.50 crore during the previous quarter ended December 2010. Sales declined 5.89% to Rs 78.68 crore in the quarter ended December 2011 as against Rs 83.60 crore during the previous quarter ended December 2010.
Walchandnagar Industries reported net loss of Rs 6.09 crore in the quarter ended December 2011 as against net profit of Rs 4.47 crore during the previous quarter ended December 2010. Sales declined 4.57% to Rs 186.67 crore in the quarter ended December 2011 as against Rs 195.61 crore during the previous quarter ended December 2010.
Net profit of Hikal rose 152.22% to Rs 13.04 crore in the quarter ended December 2011 as against Rs 5.17 crore during the previous quarter ended December 2010. Sales rose 84.03% to Rs 185.48 crore in the quarter ended December 2011 as against Rs 100.79 crore during the previous quarter ended December 2010.
Jindal Stainless (formerly known as JSL Stainless) reported net loss of Rs 110.33 crore in the quarter ended December 2011 as against net profit of Rs 89.98 crore during the previous quarter ended December 2010. Sales rose 10.19% to Rs 1903.82 crore in the quarter ended December 2011 as against Rs 1727.83 crore during the previous quarter ended December 2010.
Net profit of Natco Pharma rose 43.71% to Rs 17.82 crore in the quarter ended December 2011 as against Rs 12.40 crore during the previous quarter ended December 2010. Sales rose 41.06% to Rs 112.40 crore in the quarter ended December 2011 as against Rs 79.68 crore during the previous quarter ended December 2010.
Net profit of BOC India rose 161.87% to Rs 50.62 crore in the quarter ended December 2011 as against Rs 19.33 crore during the previous quarter ended December 2010. Sales rose 39.11% to Rs 341.44 crore in the quarter ended December 2011 as against Rs 245.44 crore during the previous quarter ended December 2010.
Net profit of CORE Education & Technologies rose 99.47% to Rs 48.73 crore in the quarter ended December 2011 as against Rs 24.43 crore during the previous quarter ended December 2010. Sales rose 107.10% to Rs 255.89 crore in the quarter ended December 2011 as against Rs 123.56 crore during the previous quarter ended December 2010.
Aditya Birla Chemicals India reported net loss of Rs 6.19 crore in the quarter ended December 2011 as against net profit of Rs 8.73 crore during the previous quarter ended December 2010. Sales rose 212.83% to Rs 172.68 crore in the quarter ended December 2011 as against Rs 55.20 crore during the previous quarter ended December 2010.
Net profit of Orbit Corporation declined 96.49% to Rs 0.75 crore in the quarter ended December 2011 as against Rs 21.34 crore during the previous quarter ended December 2010. Sales declined 50.07% to Rs 51.64 crore in the quarter ended December 2011 as against Rs 103.42 crore during the previous quarter ended December 2010.
Net profit of Hinduja Global Solutions declined 58.60% to Rs 8.64 crore in the quarter ended December 2011 as against Rs 20.87 crore during the previous quarter ended December 2010. Sales rose 20.53% to Rs 167.76 crore in the quarter ended December 2011 as against Rs 139.18 crore during the previous quarter ended December 2010.
GTL Infrastructure reported net loss of Rs 1.43 crore in the quarter ended December 2011 as against net loss of Rs 61.99 crore during the previous quarter ended December 2010. Sales rose 9.70% to Rs 135.98 crore in the quarter ended December 2011 as against Rs 123.96 crore during the previous quarter ended December 2010.
GTL reported net loss of Rs 109.12 crore in the quarter ended December 2011 as against net profit of Rs 35.48 crore during the previous quarter ended December 2010. Sales declined 31.18% to Rs 491.42 crore in the quarter ended December 2011 as against Rs 714.07 crore during the previous quarter ended December 2010.
Net profit of Cummins India rose 1.48% to Rs 140.95 crore in the quarter ended December 2011 as against Rs 138.90 crore during the previous quarter ended December 2010. Sales rose 1.27% to Rs 970.51 crore in the quarter ended December 2011 as against Rs 958.35 crore during the previous quarter ended December 2010.
Net profit of KRBL declined 9.53% to Rs 21.93 crore in the quarter ended December 2011 as against Rs 24.24 crore during the previous quarter ended December 2010. Sales rose 20.80% to Rs 453.10 crore in the quarter ended December 2011 as against Rs 375.08 crore during the previous quarter ended December 2010.
Net profit of C & C Constructions rose 63.44% to Rs 8.27 crore in the quarter ended December 2011 as against Rs 5.06 crore during the previous quarter ended December 2010. Sales rose 34.27% to Rs 360.64 crore in the quarter ended December 2011 as against Rs 268.60 crore during the previous quarter ended December 2010.
Net profit of Kernex Microsystems India rose 73.50% to Rs 2.03 crore in the quarter ended December 2011 as against Rs 1.17 crore during the previous quarter ended December 2010. Sales rose 100.73% to Rs 19.33 crore in the quarter ended December 2011 as against Rs 9.63 crore during the previous quarter ended December 2010.
JK Tyre & Industries reported net loss of Rs 21.31 crore in the quarter ended December 2011 as against net profit of Rs 9.14 crore during the previous quarter ended December 2010. Sales rose 20.69% to Rs 1418.03 crore in the quarter ended December 2011 as against Rs 1174.89 crore during the previous quarter ended December 2010.
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