Tuesday, 18 October 2011

Oberoi Realty results

Oberoi Realty reported a 17 per cent increase in its consolidated net profit to Rs 111.44 crore for the quarter ended September 30, 2011. The aggregation had acquaint a net accumulation of Rs 95.51 crore for the year-ago period. The Mumbai-based developer registered 45 per cent advance in circumscribed acquirement to Rs 256.88 crore in the additional division this fiscal, as adjoin Rs 177.11 crore in the agnate aeon of the 2010-11 fiscal, the aggregation said in a statement. For the bisected year concluded September 30, the company's circumscribed net accumulation added by 24 per cent to Rs 217.21 crore from Rs 175.30 crore in the year-ago period. Its circumscribed acquirement grew by 38 per cent to Rs 471.95 crore in the aboriginal bisected of this budgetary from Rs 342.90 crore in the agnate aeon of the 2010-11 fiscal.

HDFC Earnings for Q2F12 Quarter

HDFC Earnings rose by 20% to Rs 970 crore. Assets from operations rose 28% to Rs 7,877.72 crore, from Rs 5703.68 crore a year ago. HDFC to accept a accommodation advance of 19-20% as banks are accepted to get aggressive. Profits from auction of investment rose 75% to Rs 103.14 crore. Net absorption assets (NII) rose 17% to Rs 2,672.28 crore at the end of September 2011 adjoin Rs 2,266.54 crore in the agnate aeon endure year. After affairs loans account Rs 4,989 crore to HDFC Bank, its absolute loans grew 19% from a year beforehand to Rs 1,26,992 crore.

MindTree more than doubled its profits

 MindTree more than doubled its profits for the division concluded September 30, advertence its acknowledgment to advantageous advance afterwards one of its founders abdicate added than six months back. For the aboriginal time in its history, the aggregation clocked revenues of $ 100 actor in a individual quarter.
Mindtree exhausted analyst expectations and appear a 58 % consecutive access in profits at Rs 54.5 cr. Revenues grew 10.5 % to 456.7 cr in rupee terms. In the antecedent quarter, Mindtree's revenues had developed by 5.6% sequentially to Rs 413.1 crore.
The company, which added 15 new audience and 1,003 advisers in the quarter, is giving out an acting allotment of 25%.

Reliance Industries can suspend oil and gas drilling

 Reliance Industries can suspend oil and gas drilling pending an interior valuation of its exploration and production strategy, the Mint newspaper reported on Monday citing sources briefed by the corporate. India's Most worthy company by market capitalization, has seen its growth outlook and market price hit laborious this year by falling gas output from its huge gas fields off the east coast.Reliance can halt drilling for an unspecified time till the review is completed and submitted to the govt. Reliance posted its highest ever quarterly web profit in its Q2 results on Saturday, however analysts targeted on slowing gas output and said refining margins were still below expectations.Last month, India's upstream regulator said Reliance was manufacturing forty four mscmd (million customary cubic metres per day) from its main D6 block, under the sixty mscmd it had been manufacturing a year earlier and much off the planned peak capability of eighty mscmd.The CAG last month criticised Reliance and therefore the government over development of the gas field within the Krishna Godavari (KG) basin and mixed up revamping profit-sharing arrangements from oil and gas blocks.Earlier this year, Reliance sold a 30 % stake in twenty three oil and gas blocks, some within the KG basin, to BP in a very 7.2 billion deal.The British company, with deepwater exploration experience, has said it's assured of raising gas output from the sector from 2014.

Employees unions of Coal India today withdrew their proposed three-day Strike

Employees unions of Coal India today withdrew their proposed three-day strike after the management agreed to give higher bonus, along with Rs 1,000 as Diwali gift. CIL has reached an agreement with workers Unions to pay a higher -- Rs 20,000 bonus to each worker instead of earlier announced Rs 17,000, besides Rs 1,000 as Diwali gift.The unions were demanding for a minimum bonus of Rs 23,500 per employee.
Coal India Chairman N C Jha said that higher bonus would result in Rs 144 crore additional burden on the company.The workers had gone on one-day strike on October 10, which resulted in production loss of around one million tonnes for CIL, causing it a revenue loss of about Rs 140 crore.
CIL has missed its half yearly production target by around 20 million tonnes at a time when shortage of coal is causing problems in power generation in many parts of the country.The threat of strike had come amid grim power situation in the country, as many plants of India's largest power generator NTPC are running below capacity due to the paucity of coal -- the key raw material for generating electricity.
Various states, including Delhi, Maharashtra, Karnataka and West Bengal, have seen power cuts for long hours in the past few days.At present, over 40 thermal power stations have coal stocks that is barely sufficient to meet the demand for about a week. As many as 29 projects have less than four days of coal reserves.

HCL Tech Results

HCL Tech Results:-
HCL Tech has reported a fall of 2.5% QoQ in consolidated net profit of Rs 497 crore for the quarter ended September 2011. The company had reported a net profit of Rs 510 crore in the previous quarter.
EBITDA margin too declined at 17.1% in the first quarter FY12 as against 18.5% (QoQ).
Revenues jumped 8.16% to Rs 4,651 crore from Rs 4,300 crore quarter-on-quarter.