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Bharat Heavy Electricals : BHEL disclosed a sharp drop in standalone net profit for the quarter ended September 2008. It however surpassed analysts expectation of Rs 5,764.67 million for the same quarter. During the quarter, the profit of the company declined 10.45% to Rs 6,157.70 million from Rs 6,876.60 million in the same quarter previous year. Net sales for the quarter rose 34.73% to Rs 53,426.30 million over previous year period. The analysts had expected the same to be at Rs 50,336.67 million for the quarter ended September 2008. Meanwhile total income for the quarter rose 26.50% to Rs 56,498.40 million, when compared with the prior year period. The company reported earnings of Rs 12.58 a share during the quarter, registering 10.46% decline over previous year period. The same was projected to be at Rs 11.90 a share for the quarter by the analysts.
Maruti Suzuki India: India`s largest automobile company, disclosed a steep drop in its standalone net profit, which was below analysts forecast, for the second quarter ended September 2008. During the quarter, the profit of the company declined 36.52% to Rs 2,961.20 million from Rs 4,665.00 million in the same quarter, last year. The analysts at Bloomberg had projected the profit to stand at Rs 3,856 million for quarter ended September 2008. Net sales for the quarter rose 9.81% to Rs 49,936.20 million against analysts expectation of Rs 48,965 million, while total income for the quarter rose 7.47% to Rs 50,896.60 million, when compared with the prior year period. The company posted earnings of Rs 10.25 a share during the quarter, registering 36.53% decline over previous year period. The analysts had expected the earnings to stand be Rs 13.35 a share for the quarter ended September 2008.
NTPC : NTPC announced a small rise in its standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 9.61% to Rs 21,105.10 million from Rs 19,255.00 million in the same quarter, last year. Net sales for the quarter rose 25.87% to Rs 100,911.00 million, while total income for the quarter rose 18.94% to Rs 104,062.10 million, when compared with the prior year period. The company posted earnings of Rs 2.56 a share during the quarter, registering 9.40% growth over prior year period. During the quarter, the operating margin of the company dropped by 478.60 basis points to 29.50% compared with the previous year period. Interest cost increased 6.03% to Rs 5,263.50 million while depreciation cost rose 2.58% to Rs 5,266.50 million over previous year period. The company has paid the final dividend of Rs 0.80 a share for the financial year 2007-08.
JSW Steel : JSW Steel on consolidated basis disclosed a sharp fall of 51.10% in the net profit of Rs 2,524.40 million for the second quarter ended Sep. 30, 2008 as compared to Rs 5,162 million for the quarter ended Sep. 30, 2007. Total revenues have increased 68.58% from Rs 27,802 million for the quarter ended Sep. 30, 2007 to Rs 46,868.10 million for the quarter ended Sep. 30, 2008. The company on standalone basis disclosed a steep drop of 37.90% in net profit for the quarter ended September 2008, failing to meet the analysts expectations. During the quarter, the profit of the company declined to Rs 3,174.50 million from Rs 5,112.30 million in the same quarter, last year. The analysts had expectated profit of Rs 4,415 million for quarter ended September 2008. Net sales surged 72.77% to Rs 43,090.50 million against analysts forecast of Rs 42,415 million for the quarter ended September 2008, while total income for the quarter jumped 64.65% to Rs 43,117.70 million, when compared with the prior year period. During the quarter, the company reported earnings of Rs 16.52 a share, a fall of 46.15% when compared with the prior year period.
Tata Steel : Steel Gaint TISCO, announced a phenomenal rise in standalone net profit for the quarter ended September 2008, beating analysts expectation. During the quarter, the profit of the company rose 50.13% to Rs 17,878.10 million from Rs 11,908.30 million in the same quarter last year. The analysts had expected the earnings to be at Rs 17,749.50 million for quarter ended September 2008. Net sales for the quarter jumped 43.17% to Rs 68,506.70 million over prior year period. The analysts had expected the same to be at Rs 69,139 million. Meanwhile, total income for the quarter jumped 45.28% to Rs 70,890.40 million, when compared with the prior year period. The company posted earnings of Rs 24.03 a share during the quarter, registering 22.92% growth over prior year period.
Ambuja Cements : Manufacturer and marketer of cement and clinker for both domestic and export markets, disclosed a 14.48% drop in its standalone net profit for the quarter ended September 2008. It however managed to surpass analysts expectations. During the quarter, the profit of the company declined to Rs 2,501.00 million from Rs 2,924.40 million in the same quarter, last year. The analysts at Bloomberg had estimated the earnings to be Rs 2,495 million for September 2008 quarter. Net sales for the latest quarter rose 7.85% to Rs 14,019.30 million over previous year period. The analysts had expected same to be at Rs 14,329.67 million. Meanwhile total income for the quarter rose 8.87% to Rs 14,352.20 million, when compared with the prior year period. The company reported earnings of Rs 1.64 a share during the quarter, registering 20.38% decline over previous year period. The analysts had expected earnings to be at Rs 1.60 a share for the quarter ended September 2008.
Hindustan Unilever : A fast moving consumer goods company in India announced a substantial rise in standalone net profit for the quarter ended September 2008 beating analysts expectation. During the quarter, the profit of the company rose 33.95% to Rs 5,466.10 million from Rs 4,080.60 million in the same quarter previous year. The analysts at Bloomberg had estimated the earnings to be at Rs 5,196.67 million for quarter ended September 2008. Net sales for the quarter rose 22.18% to Rs 41,109.10 million over previous year period. The analysts had estimated the sales to be at Rs 40094.50 million. Meanwhile, the total income for the quarter rose 18.45% to Rs 41,109.10 million, when compared with the prior year period. The company posted earnings of Rs 2.51 a share during the quarter, registering 35.68% growth over previous year period. The analysts had estimated the same to be at Rs 2.48 a share for the quarter ended September 2008.
I T C : ITC reported a marginal rise in standalone net profit for the quarter ended September 2008, beating analyst expectations. During the quarter, the profit of the company rose 4.13% to Rs 8,027.20 million from Rs 7,708.70 million in the same quarter last year. The analysts at Bloomberg had estimated the earnings to be at Rs 7,876 million for quarter ended September 2008. Net sales for the quarter rose 18.00% to Rs 38,626.70 million, when compared with the prior year period. The analysts had estimated the same to be at Rs 37,622 million. Total income for the quarter rose 14.12% to Rs 39,731.20 million, when compared with the prior year period. The company posted earnings of Rs 2.13 a share during the quarter, registering 3.90% growth over previous year period. The same had been estimated by the analysts to be at Rs 1.87 a share for the said quarter. ITC, is the largest private sector cigarette company with a diversified portfolio comprising hotels, paperboards & specialty papers, packaging, agri-business, packaged foods and confectionery, branded apparel, greeting cards and other FMCG products.
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