Company Results

Exide Industries registers 36% jump in its Q4 net profit

Exide Industries registers 36% jump in its Q4 net profit Exide Industries Ltd, one of the world's largest producers and recyclers of lead-acid batteries, has registered 36% jump in its net profit for the fourth quarter ended March 31, 2009.

The company posted net profit after tax of Rs 68.20 crore against Rs 62.82 crore in the same quarter ended March, 2008.

However, the total operating income of the company during the quarter, stood at Rs 801.13 crore against Rs 796.36 crore over the same period last fiscal.

Triveni Engineering Q2 net profit soars 10%

Triveni Engineering Q2 net profit soars 10%Sugar producer Triveni Engineering & Industries, on Monday announced a 10 per cent surge in its net profit at Rs 37.77 crore for the second quarter ended March 31, 2009, compared to Rs 34.28 crore in the year-ago period.

During the same period, company's net sales also grew by 21 per cent to Rs 457.58 crore in the latest quarter from Rs 378.27 crore in the corresponding year-ago period.

For the six months ended March 31, 2009, Triveni Engineering posted a net profit of Rs 61.75 crore as compared to Rs 59.96 crore.

Petronet LNG Net profit grows 70.24% in Q4

Petronet LNG Net profit grows 70.24% in Q4Petronet LNG, the nation's largest liquefied natural gas importer, has registered 70.24 growth in its net profit to Rs 204.35 crore for the fourth quarter ended March 31.

The company had a net profit of Rs 120.03 crore in the same quarter ended March 2008.

Further, the company's total income also rose to Rs 2,654.88 crore in the quarter, up by 51.47% from Rs 1,752.65 crore in the previous year-ago quarter.

For the full year ended March 31, 2009, the company posted a net profit of Rs 518.44 crore, up 9.22 % as compared with Rs 474.66 crore in the last fiscal.

Result Analysis: Maruti Suzuki India

Result Analysis: Maruti Suzuki IndiaMaruti Suzuki India Limited, a subsidiary of Suzuki Motor Corporation of Japan, is the leader in the Indian car market with 54% market share. The company has State? of? the? art Manufacturing Facilities at Gurgaon located some 25 km south of New Delhi & has also commissioned a plant at Manesar.

Maruti Suzuki has a sales network of 681 state? of ?the? art showrooms across 454 cities, with a workforce of over 15000 trained sales personnel.

Verizon posts better-than-expected profits

Verizon posts better-than-expected profits New York - Verizon Communications Inc, the second-largest US phone company, had better-than-expected profits of about 3.2 billion dollars in the first quarter as customers laid out more money for text messaging and other services. Sales rose 12 per cent to 26.6 billion dollars, bolstered by the purchase of Alltel Corp. But global business revenues dropped 3.4 per cent as companies fired workers and delayed new purchases, Bloomberg financial news service reported.

Bauknecht's Whirlpool barely spins past red zone

Bauknecht's Whirlpool barely spins past red zoneNew York - Whirlpool, the world's largest maker of household appliances, barely stayed in the black in the first quarter, according to the report issued Monday by the Benton Harbor, Michigan- based company. But despite the earnings drop of 28 per cent to 68 million dollars, the company defied analysts' expectations it would go into the red. Revenues fell 23 per cent to 3.6 billion dollars compared to the same period of 2008 for the US firm now owned by Germany's Bauknecht.

The rival Swedish firm Electrolux reported three-times the losses it reported in the same period last year.

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