Concept Consultants

Following are the dates announced by the comapnies to meet to consider the Financial Results.

Board Meetings

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Results, news , Board Meetings

ITC Ltd reported 4 per cent drop in net profit at Rs 748.67 crore for the quarter ended June 30, 2008, from Rs 782.87 crore during the corresponding quarter of last year. The drop in net profit was attributed to the increase in excise duties on non-filter cigarettes in the Union Budget 2008, steep rise in commodity prices and store rentals.
However net turnover of ITC  increased by 18 per cent to Rs 3,900 crore driven by a 29 per cent growth in non-cigarette businesses due to the continued scale up of new FMCG businesses, higher agri business revenues and a healthy performance by the hotels and paperboards and packaging businesses.  The hotels business posted a 17 per cent increase in revenues to touch Rs 239 crore. This was supported by better occupancies and room rates and higher food and beverage sales.

Indian Market News, Results, news Financial Results, FMCG, hotels, ITC, Quarter results, Quarterly Results, Results

Indian Oil Corporation ltd’s(IOC)  reported the company results reporting a 71 per cent decline in net profit for the first quarter of the current financial year.
Huge under-recoveries suffered due to sale of auto and cooking fuels below cost price (revenue loss of Rs 410 crore a day) was a dominant factor in bringing down the company’s net profit to Rs 415.13 crore (Rs 1,468.41 crore). However, net sales increased to Rs 74,872.60 crore (Rs 52,861.96 crore).

The Chairman of IOC, Mr Sarthak Behuria, quoted “the under-recovery on account of non-realisation of market-related prices for petrol, diesel, kerosene, and domestic LPG for the quarter was Rs 7,320.57 crore (after considering special oil bonds of Rs 13,527 crore).” Diesel consumption has seen a growth of 18-20 per cent. Currently, the company’s borrowings have touched Rs 42,500 crore, are likely to reach Rs 58,000 crore by September-end.

Indian Market News, Results, news financial year results, Indian Oil, Indian oil corp, IOC, IOC Results, Quarterly Results, Results

Punjab National Bank(PNB) has decided to raise its benchmark prime lending rate(PLR) by 100 basis points to 14 per cent with effect from 1st of next month, being country’s second largest public sector bank by assets PNB decided to hike its deposit rate by 75-100 basis oints across various maturities to make them more competitive in the market.

These decisions have been taken today looking at the extraordinar situation prevailing and to provide better returns to the depositors of PNB with the inflation rates at 12 per cent PNB said that they will not be able to induce the people to save unless they increase teh deposit rates.

Indian Market News, Results, news Banks, deposits, inflation, Interest rates, PNB, Punjab National Bank, security deposits

Shares of Jet Airways zoomed 6.8 per cent after India’s top private carrier posted an unexpected net profit of Rs 143 crore in the June quarter, beating market expectations of a net loss of Rs 377 crore.

The relentless rise in jet fuel prices since April had badly hit all airlines with the losses as high as Rs 10 crore daily for major players and the April-June quarter was expected to see huge losses.

However, enhanced revenues from its international operations and a change in accounting policy on depreciation helped the private air-carrier post a good set of numbers in the period, analysts said.

Indian Market News, Results, news airways, Fuel prices, Jet Airways, Jet Airways results, Quarter results

Yes Bank has declared its fourth quarter and FY08 results. The bank has reported 108.74% jump in its Q4 net profit of Rs 64.5 crore versus Rs 30.9 crore in the corresponding quarter of previous year. Other income was up at Rs 106 crore versus Rs 78.7 crore.

Net interest income went up at Rs 389 crore versus Rs 202 crore and capital adequacy ratio, CAR stood at 13.64%.

Non performing assets, NPA stood at Rs 8.5 crore. Provisions and contingencies went up 80% at Rs 22.8 crore.

The company has also informed that bank dose not hance any exposure to forex products for the SME secotor

Its Full year (FY08) net profit Up by 111.97% at Rs 200.02 crore as against Rs 94.36 crore.

In the whole the bank has given the good numbers give the market status and lot of speculation on posible MTM loss on forex products.

Results , profits, Q4, Results, Yes bank

Reliance Power, whose IPO made history on the Indian stock exchanges in January sent ripples through the market when it closed 17 per cent below allotment price on listing on Monday.
This was not unexpected, given the backdrop of the market conditions, where two IPOs recently bombed and had to be withdrawn. Still it also made history being among the few mega issues in recent times to close below issue price on the first day of trading.
The stock oepned on the BSE with a gain of Rs 97 over the issue price of Rs 450. Within minutes it fell to Rs 389 as investors rushed in to sell, to book “listing gains” , for the rest of the day, the stock traded below Rs. 450 closing the day 17 per cent down, at Rs.372.50. On NSE the script opened at Rs 530 and closed at 372.30 its day,s low at Rs 355.
The script also topped the volume charts; on NSE 13.43 crore shares worth Rs5601 crore were traded on BSE 6.38 crore shares worth Rs 2640 crore were traded.

Results BSE, IPO listing, NSE, r power, Reliance, Reliance Power, Sensex

Hindustan Unilever Limited, 01-OCT-2007 to 31-DEC-2007 (Second Quarter) Results: 

Hindustan Unilever Limited has announced the non-consolidated Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs.3687.40 crores for the quarter ending on 31-DEC-2007 with Net Profit of 631.44 crores with an EPS of 2.90.  Other Income was at 159.70 crores and Total expenditure was 3160.08 crores.

Results earnings, Financial Results, Hindustan Unilever Limited, Q3FY08, Quarterly Results, Results

Puravankara Projects Limited, 01-OCT-2007 to 31-DEC-2007 (Second Quarter) Results: 

Puravankara Projects Limited has announced the non-consolidated Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs.150.52 crores for the quarter ending on 31-DEC-2007 with Net Profit of 56.46 crores with an EPS of 2.96.

Results earnings, Financial Results, Puravankara Projects Limited, Q3FY08, Quarterly Results, Results

Blue Dart Express Ltd, 01-OCT-2007 to 31-DEC-2007 (Annual Report) Results: 

Blue Dart Express Ltd has announced the non-consolidated Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs.811.50 crores for the quarter ending on 31-DEC-2007 with Net Profit of 71.00 crores with an EPS of 30.01.  Other Income was at 3.20 crores and Total expenditure was 706.10 crores.

Results Blue Dart Express Ltd, earnings, Financial Results, Q3FY08, Quarterly Results, Results