India's largest company by market cap, Reliance Industries Ltd. (RIL) has announced its Q3 results today, reporting net profit up 28.14% at Rs.5136 crore against Rs.4008 crore previous quarter. Net sales were up 5.15% at Rs.59,789 crore against Rs.56.856 crore. Its cash profit was found to be at Rs.8,695 crore and GRM now stands at US $9 per barrel against US $5.9 per barrel previous year. However ... [Continue Reading]
Axis Bank Q3 Net Profit Jumps 35.82% to Rs.891 crore.
A leading private sector bank Axis Bank Ltd. has announced its third quarter (ended December 2010) results today. The company has reported net profit of Rs 891 crore in Q3FY11 as against Rs 656 crore in previous quarter, which recorded growth of 35.82%. While net interest income (NII) grew by 28.47% to Rs.1,733 crore from Rs.1,349 crore on, year on year basis (YoY). Other income also raised to ... [Continue Reading]
L&T Q3 Net Profit Surges 9.34% to Rs.840.6 crore
India's largest engineering firm Larsen & Toubro Ltd. (L&T) has announced its quarter 3 (Q3) results today. The company has reported a net profit of Rs.840.6 crore in Q3FY11 as against Rs.768.8 crore in same period of previous year, a growth of 9.34%. Also, the company earned one time gain of Rs 35 crore. Strong growth in revenues which was reported a surge of 40.52% to Rs.11,413 crore against ... [Continue Reading]
Infosys Tech Q3 Net Profit Surges 2.5% at Rs.1780cr
India's second largest IT services exporter Infosys Technologies Limited. has announced its Q3 results today, reporting consolidated net profit at Rs.1,780 crore and sales revenues at Rs.7,106 crore, growth of 2.48% & 2.29% resp. on quarter-on-quarter (QoQ) basis. However these numbers were below market's expectations. Our view on Infosys stock: After a lot of expectation from infosys result we ... [Continue Reading]
Mahindra Satyam Dissapoints, Earnings Q2 PAT Decline 76.53%
Mahindra & Mahindra owned company Mahindra Satyam has announced its results for the quarter ended September 2010 today late at 18:00 IST. Company has reported profit after tax (PAT) at Rs.23 crore as against Rs.98 crore, negative growth of 76.53% on quarter-on-quarter basis (QoQ). Operating profit down 42.98% at Rs.65 crore (low figure) in Q2FY11 from Rs.114 crore in Q1FY11. Income from ... [Continue Reading]
