Company Results

Polaris Software Net profit soars 78.5% in Q4

Polaris Software Net profit soars 78.5% in Q4Chennai-based Polaris Software has finally declared its fourth quarter results on Monday.

The firm posted a 78.5 per cent growth in its net profit at Rs 130.71 crore during the year ended March 31, 2009 against Rs 73.22 crore in the previous year.

The company's Q4 net profit stood at Rs 32.1 crore versus Rs 37.16 crore, QoQ.

Apart from this, the company's total income rose 18 per cent to Rs 337.25 crore in the fourth quarter, from Rs 286.16 crore in the same period last fiscal.

Hero Honda reports 35 % rise in 4Q net profit; recommends 1000% dividend

Hero Honda reports 35 % rise in 4Q net profit; recommends 1000% dividend For the quarter ended March, two-wheeler biggie Hero Honda Motors reported an estimate-surpassing 35 percent rise in its net profit! While its fourth quarter year-on-year net profit increased from 298.70 crore to Rs 402.17 crore; the net sales increased from Rs 2788.65 crore to Rs 3411.84 crore.

In fact, beating the overall two-wheeler industry growth rate of nearly 5 percent, Hero Honda - with about half of the two-wheeler market in India - has reported a yearly 13 percent increase in its sales volumes during the quarter.

Supermarket chain Tesco defies slump with record profit

Tesco London - Britain's leading supermarket chain Tesco Tuesday reported annual pre-tax profits of 3.13 billion pounds (4.54 billion dollars) up to the end of February, 2009, an increase of 10 per cent on the previous year.

The retail giant posted worldwide sales of 59.34 billion pounds in the 12 months to February 28, ringing up sales of 1 billion pounds a week.

However, the growth in profits was far lower than the 11.8 per cent seen the previous year, the company said.

TCS net profit increases 4.6% in FY 2009; Board recommends 1:1 bonus share issue

Tata Consultancy ServicesThe quarterly profit of the autos, commodities and services businesses-inclusive Tata Group firm, TCS - Tata Consultancy Services - has increased by 4.6 percent. Compared to the Rs 4,508.76 crore after-tax net profit reported during earlier fiscal, the figures for the year ending March 31, 2009 stood at Rs 4,696.21 crore.

The year-on-year total income increased from Rs 18,979.67 crore in the last fiscal year, to Rs 21,947.76 crore this fiscal.

PFC Posts 32.22% Increase In Q4 Net Profit; Stock Surges 7%

PFC Posts 32.22% Increase In Q4 Net Profit; Stock Surges 7% State run Power Finance Corporation has declared the results for the three-month period ended March 31, 2009.

For the period under review, the New Delhi-based firm said that it has posted a growth of 32.22% in its net profit after higher loan disbursals.

The company’s net profit in the fourth quarter stood at Rs 390.58 crore, as compared to net profit of Rs 295.40 crore during the corresponding period of the last year.

Sony Ericsson posts 293 million euros net loss; intends slashing 2,000 more jobs

Sony Ericsson Mobile Close on the heels of Nokia reporting its first ever quarterly loss, Sony Ericsson Mobile Communications Ltd has also posted its third straight quarterly loss for the first quarter of 2009.

While pretax loss figures of the company stood at 370 million euros, as against the analysts' estimates of 371 million; the first-quarter net loss was 293 million euros, in comparison to the year-before profit of 133 million euros.