Thursday, July 30, 2009

Q1 Results update: Mundra Port, Patni Computer, IOC, State Bank of India, Alok Industries & Apollo Hospitals

Mundra Port Q1 net zooms 76 pc to Rs 170 cr

Mundra Port and Special Economic Zone on reported a growth of over 76 per cent in its net profit to Rs 170.75 crore for the first quarter ended June 30 over the corresponding period a year ago. Total income rose to Rs 321.35 crore during the April-June period of the current financial year from Rs 270.98 crore of the same period a year earlier.

Patni Computer net profit surges 92% QoQ

Patni Computer Systems, a mid-size IT company, reported better than expected results for the quarter ended June 2009. Growth in volume coupled with significant cost rationalization measures resulted in a quarter-on-quarter growth of 92% in net profit to Rs137 crore.
The company has managed to increase its business volume by 2.2% (Q-o-Q) in spite of challenging environment around. The dollar denominated revenue increased sequentially by 3.3% to $162 million, mainly coming on the back of a robust volume growth. However, the management continues to remain cautious about the future growth.

IOC Q1 net profit at Rs 3,682.83 cr

Indian Oil Corporation today reported a net profit of Rs 3,682.83 crore for the first quarter ended June 2009. The company had a net profit of Rs 415.13 crore in the corresponding period a year-ago. Total income of the state-run company declined to Rs 60,683.97 crore in the April-June quarter from Rs 89,148.57 crore in the corresponding period last fiscal.


State Bank of India Q1 net up 42 pc, beats forecast

State Bank of India, the country's largest lender, reported a 42 per cent rise in quarterly profit, beating forecasts, on gains from trading in bonds and currencies. The bank, which along with its associates controls almost a quarter of Indian bank loans and deposits, net profit rose to Rs 2330 Crore ($480.4 million) in fiscal first quarter ending June, from Rs 1641 crore reported a year ago.


Alok Industries Q1 net profit up 12.91 pc

Textile player Alok Industries reported a jump of 12.91 per cent in its net profit for the first quarter of the fiscal at Rs 32.01 crore as compared to Rs 28.35 crore during the corresponding period last year. The company also reported a rise of 44.47 per cent in its total income during the quarter ended June 30, 2009, at Rs 786.54 crore as against Rs 544.45 crore during the same period last year.


Apollo Hospitals net rises 16% to Rs 118 crore

Apollo Hospitals has reported a 15.6% rise in net profit at Rs 118 crore (including an extraordinary item of Rs 4 crore) for the year ended March 31, 2009, from Rs 102 crore in the year-ago period. During the period, it clocked a turnover of Rs 1,458 crore compared with Rs 1,125 crore in the previous year.

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