Subscribe:

Pages

Tuesday 31 May 2011

K.P.R Mill results

K.P.R Mill reported standalone net profit of Rs 71.25 crore for the year ended March 2011 as compared to Rs 50.18 crore in the same period last fiscal. Net sales were at Rs 965.63 crore as against Rs 788.50 crore.

Hind Rectifiers results

Hind Rectifiers reported net profit of Rs 6.89 crore for the year ended March 2011 against Rs 4.08 crore in the same period a year ago. Net sales were at Rs 45.39 crore as compared to Rs 28.13 crore last fiscal

Ambika Cotton Mills results

Ambika Cotton Mills reported net profit of Rs 42.44 crore for the year ended March 2011 against Rs 17.63 crore in the same period a year ago. Net sales were at Rs 318.52 crore as compared to Rs 208.07 crore.

Ackruti City results

Ackruti City reported standalone net profit of Rs 171.48 crore for the year ended March 2011 against Rs 173.79 crore a year ago. Net sales were at Rs 425.94 crore as compared to Rs 482.02 crore.

Reliance Capital’s results

Reliance Capital’s standalone net profit for year ended March 2011 was at Rs 229.27 crore against Rs 339.42 crore a year ago. Net sales rose to Rs 1808.81 crore as compared to Rs 2168.73 crore.

Hindalco results

Hindalco reported standalone net profit of Rs 2136.92 crore for the year ended March 31, 2011 as compared to Rs 1915.63 crore in the same period a year ago. Net sales were at Rs 23859.21 crore from Rs 19522.09 crore previous fiscal.

Provogue Results

Provogue reported standalone net profit of Rs 33.40 crore for the year ended March 2011 as compared to Rs 28.35 crore in the same period last fiscal. Total income was at Rs 565.38 crore as against Rs 480.66 crore.

Banco Products Results

Banco Products reported standalone net profit of Rs 11.60 crore for quarter ended March 2011 as compared to Rs 22 crore in the corresponding quarter last fiscal. Total income was at Rs 129.53 crore as against Rs 120.46 crore.

Parsvnath Developers results

Parsvnath Developers reported net profit of Rs 28.09 crore for quarter ended March 2011 against Rs 34.71 crore in the corresponding quarter a year ago. Total income was at Rs 251.96 crore as compared to Rs 358.49 crore

Suryajyoti Spinning Mills Results

Suryajyoti Spinning Mills reported net profit of Rs 36.6 crore for the year ended March 2011 as against Rs 15.83 crore in the corresponding period last fiscal. Net sales were at Rs 269.53 crore as compared to Rs 394.26 crore.

HBL Power Results

HBL Power reported net profit of Rs 19.51 crore for the quarter ended March 2011 as against Rs 21.09 crore in the corresponding quarter last fiscal. Net sales were at Rs 275.55 crore as compared to Rs 299.83 crore

Jyothy Laboratories Results

Jyothy Laboratories reported standalone net profit of Rs 80.26 crore for year ended March 2011 as compared to Rs 80.04 crore in the same period last fiscal. Total income was at Rs 608.01 crore as against Rs 581.59 crore.

Aditya Birla Nuvo Results

Aditya Birla Nuvo reported standalone net profit of Rs 379.69 crore for the year ended March 2011 against Rs 283.40 crore a year ago. Net sales were at Rs 6283.06 crore as compared to Rs 4702.36 crore.

Cummins India results

Cummins India reported standalone net profit of Rs 590.99 crore for the year ended March 2011 against Rs 433.87 crore previous fiscal. Net sales were at Rs 3945.44 crore as compared to Rs 2844.87 crore

Reliance Communications Results

 Reliance Communications posted consolidated net profit of Rs 1345.65 crore for the year ended March 2011 against Rs 4655 crore a year ago. Net sales were at Rs 22089.39 crore as compared to Rs 20685.05 crore.

ONGC Results

ONGC reported standalone net profit of Rs 18924 crore for the year ended March 2011 against Rs 16767.55 crore a year ago. Net sales rose to Rs 65841.79 crore as compared to Rs 59987.61 crore previous fiscal.

ONGC is readying for a legal battle over royalty payments for India's biggest oilfield in Rajasthan

State-run ONGC is readying for a legal battle over royalty payments for India's biggest oilfield in Rajasthan no matter the end result of Vedanta Resources' $9.6 billion bid to shop for Cairn India that operates the sphere, government officers said. The dispute has dogged the deal for ten months as a modification in royalty payments system can modification valuations and even threatens to derail the transaction that is predicted to be approved by the govt. with the condition that Cairn accepts ONGC's read on the dispute.

ONGC features a 30% stake within the Rajasthan block however is contractually absolute to pay Cairn's share of royalty. The state-run firm says that the contract conjointly permits ONGC to induce this payment reimbursed from the overall revenue of the sphere before profit is calculated. Cairn strongly opposes this. Senior oil ministry officers and prime ONGC executives have said the royalty obligation of state-run energy firm is value recoverable no matter materialization of the deal and that they would take legal recourse if Cairn disputes it. Even Cairn chief govt Bill Gammell had written to the govt. on April 18 that the deal would "inevitably cause the proposed transaction to fail" if the govt. insisted on conditional approval. ONGC has paid Rs 1,289 crore royalty for crude oil created from the Rajasthan field in 2010-11 and asked the operator Cairn India to create it value recoverable.

Declining to comment, whether or not Cairn has accepted ONGC's demand to treat the levy as value recoverable, company director-finance DK Saraf said; "We have created our position clear (to them)." the govt. conjointly desires Cairn to withdraw arbitration difficult cess payment. this can be not acceptable to Cairn because it would mean surrendering company's right to hunt legal remedies. the govt. desires Cairn to withdraw the arbitration as a pre-condition for approving the deal. Cairn is already engaged in a very legal battle with the govt. and ONGC over its cess liability that features a money implication of regarding $2.9 billion.

Indian Oil Corp to raise Petrol Prices

Indian Oil Corp (IOC), country's biggest refiner, could raise petrol rates once more by Rs 1.35 per litre because the fuel remains being sold below market rates, chairman RS Butola said when asserting that the company's internet profit within the last fiscal year fell twenty seventh owing to low state-set fuel costs. State-run Oil & Natural Gas Corp (ONGC), that is forced to sell crude at a reduction to assist state refiners sell fuel low cost, conjointly suffered last year, significantly within the last quarter, when its profit dipped twenty sixth to Rs 2,791 crore. Both corporations are expected to achieve if fuel costs are raised once more. The IOC is currently considering raising petrol costs soon. "Our desired value increase is Rs 1.35 per litre. terribly soon we are going to need to take a read on raising the value," Butola said. IOC's fourth-quarter internet profit fell half-hour to Rs 3,905.16 crore, despite government subsidy payments and obligatory discounts from upstream companies like the ONGC. "Our profit would are higher by 3200 crore for the fiscal year if government had given us subsidy cherish the previous year," RK Goyal, IOC's director for finance told reporters. The company is allowed to boost costs of all fuels except diesel, kerosene and cooking gas, however IOC couldn't raise petrol costs to the extent it needed owing to political pressure, inflicting it a loss of regarding Rs 1,000 crore, IOC officers said.

The IOC conjointly hopes to achieve from higher state-set diesel rates. The empowered panel of ministers, that decides diesel, kerosene and cooking gas rates, is scheduled to satisfy on June nine, and contemplate raising {the costs|the costs} of regulated fuels prices for the primary time in nearly one year. consistent with an IOC estimate, from Tuesday the company's revenue loss in diesel are regarding Rs 12.64 a litre. it'll lose Rs 25.85 a litre on kerosene and Rs 380.57 on a cooking gas cylinder. The ONGC, that has conjointly declared its annual results for 2010-11, had to pay the best ever Rs 24,892 crore upsteam discounts to a few state-run oil selling companies - IOC, BPCL and HPCL - to stay them profitable. "We paid Rs 12,136 crore in fuel subsidy compensation in this fall compared to Rs 4,999 crore within the same amount the previous fiscal," ONGC acting chairman & managing director A K Hazarika told reporters.

Despite higher subsidy burden the corporate reported a a hundred and thirtieth growth in its internet profit for 2010-11 at Rs 18,924 crore, he said. except for the subsidies, ONGC's internet profit ought to are higher by Rs 14,247 crore within the full fiscal. ONGC director for offshore operations, Sudhir Vasudeva said the corporate was expected to ramp up its crude oil production by 3.5 million tonne in 2013-14. The company's crude oil production had marginally declined at twenty 4.42 million tonne in 2010-11 from twenty 4.67 million tonne within the previous year as a result of ageing oil fields. however its gas output was virtually flat at twenty 3.09 billion cubic meter.