The net profit of Auto major Tata Motors declined 34 percent in the July-September period. Its net profit stands at Rs 346 crore which was Rs 526 crore last year. The company has to pay for high input cost, high interest rates and world financial crisis. The sale of auto major increased 7% to Rs 7029 crore in the same period. But its operating margin fell to 8.13% which was earlier 9.2%.
Drug maker, Ranbaxy Laboratories registered worst ever performance for the quarter ended September 30, 2008. The company suffered a loss of Rs 394.5 crore for the reporting quarter.
It had made a profit of Rs 207 crore in the corresponding quarter last year. Ranbaxy is already acquired by Japanese major Daiichi Sankyo. It is facing tough time in the US and US food department had already banned entry of its 30 drugs.
Delhi-based realty firm Unitech Ltd has registered net profit of Rs 415.56 crore for the second quarter ended September 30, 2008 as compared with Rs 138.09 crore reported during the same quarter in 2007.
The total income for the quarter has also surged to Rs 906.33 crore from Rs 572.60 crore in the year-ago period. However, company's consolidated net profit declined by 12.48 per cent to Rs 358.92 crore for the July-September quarter.
The company had a net profit of Rs 410.12 crore in the same quarter last fiscal. Recently,
Secunderabad-based GVK Power & Infrastructure has registered a net profit of Rs 30.47 crore for the second quarter ended September 30, a decline of 22.88 per cent from that in the corresponding period a year ago.
The company had posted a net profit of Rs 39.51 crore for the second quarter last fiscal.
While, the company’s net sales raised to Rs 109.49 crore for the quarter under review, against Rs 96.05 crore.
For the half year ended September 30, the company had a net profit of Rs 71.02 crore, against Rs 61.09 crore.
Helsinki - Finnish flag carrier Finnair on Friday said higher fuel costs and lower ticket prices contributed to a "weak third quarter."
The group posted a pre-tax loss of 22 million euros (28 million dollars), compared to a pre-tax profit of 59.9 million euros for the corresponding business period in 2007.
Turnover increased 2.7 per cent to 559 million euros in the quarter, the carrier said.
Bharti Airtel Limited, India’s leading integrated telecom services provider, has declared the results for the three and six month period ended September 30, 2008.
The company has once again maintained its strong growth momentum.
For the quarter, the consolidated total revenues grew 42% to Rs 9,020 crore, while EBITDA stood at Rs 3,699 crore, up 37%, on a year on year basis.
The company’s net income for the three-month period ended Sep 30, 2008, rose 27% to Rs 2,046 crore over last year.