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Reliance Industries - India`s largest private sector company, announced a small rise in its standalone net profit for the second quarter ended September 2008 beating analysts` expections. During the quarter, the profit of the company rose 7.43% to Rs 41,220 million from Rs 38,370 million in the same quarter, previous year. Analysts polled by Bloomberg had estimated profit of Rs 40,139 million for September 2008 quarter. Net sales for the quarter rose 39.77% to Rs 447,870 million, against analysts forecast of Rs 433, 940 million, total income for the quarter rose 39.51% to Rs 449,380 million, when compared with the prior year period. The company posted earnings of Rs 28.40 a share during the quarter, registering 7.58% growth over prior year period.During the quarter, the operating margin of the company fell by 358.63 basis points to 14.46% compared with the previous year period. Interest cost increased 70.04% to Rs 4,370 million while depreciation cost rose 11.96% to Rs 12,640 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Punj Lloyd - An engineering and construction company, on consolidated basis, disclosed a 61.08% rise in net profit of Rs 1,441.20 million for the second quarter ended Sep. 30, 2008 as compared to Rs 894.70 million for the quarter ended Sep. 30, 2007. The total Income increased 53.48% from Rs 19,247.10 million for the quarter ended Sep. 30, 2007 to Rs 29,540.80 million for the quarter ended Sep. 30, 2008. On standalone basis, the company disclosed a phenomenal rise in net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 2.81 times to Rs 880.50 million from Rs 313.70 million in the same quarter, last year. Net sales for the quarter surged 52.47% to Rs 15,835.20 million, while total income for the quarter jumped 50.18% to Rs 15,838.60 million, when compared with the prior year period. The company reported earnings of Rs 2.90 a share during the quarter, registering 2.66 times growth over prior year period. During the quarter, the operating margin of the company climbed 393.41 basis points to 12.98% compared with the previous year`s period of 9.05%. Interest cost increased 29.53% to Rs 418.90 million while depreciation cost rose 0.78% to Rs 271.20 million over previous year period.
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