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Monnet Ispat : Company announced a phenomenal rise in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 68.60% to Rs 620.10 million from Rs 367.80 million in the same quarter previous year. Net sales for the quarter jumped 54.74% to Rs 3,997 million, while total income for the quarter jumped 52.52% to Rs 4,016.60 million, when compared with the prior year period. The company posted earnings of Rs 12.59 a share during the quarter, registering 23.55% growth over prior year period. During the quarter, the operating margin of the company rose by 525.81 basis points to 26% compared with the previous year period. Interest cost increased 10.15 times to Rs 158.40 million while depreciation cost rose 47.93% to Rs 160.50 million over previous year period. 
ICI India : ICI India disclosed a good increase in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 26.40% to Rs 269.10 million from Rs 212.90 million in the same quarter previous year. Net sales for the quarter rose marginally 4.58% to Rs 2,500.50 million, while total income for the quarter rose 7.32% to Rs 2,635.40 million, when compared with the prior year period. The company posted earnings of Rs 7.04 a share during the quarter, registering 34.61% growth over prior year period. During the quarter, interest cost decreased 83.67% to Rs 0.80 million while depreciation cost fell 6.82% to Rs 53.30 million over previous year period. 
Gujarat Gas : Company announced a steady growth in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 14.20% to Rs 387.37 million from Rs 339.22 million in the same quarter previous year. Net sales for the quarter rose 17.32% to Rs 3,234.29 million, while total income for the quarter rose 18.67% to Rs 3,313.94 million, when compared with the prior year period. The company posted earnings of Rs 5.99 a share during the quarter, registering 14.31% growth over previous year period. During the quarter, Interest cost increased 23.22% to Rs 0.26 million while depreciation cost rose 7.97% to Rs 101.90 million over previous year period.The Company has paid the final dividend at Rs 3 per equity share having face value of Rs 2 each aggregating to Rs 1,92.375 million and the preference dividend of Rs 0.75 per 7.5% Redeemable cumulative non convertible preference share having face value of Rs 10 each aggregating to Rs 10.80 million for the year ended Dec. 31, 2007.
Mahindra Ugine : Mahindra Ugine Steel swung to loss for the quarter ended September 2008. During the quarter, the company reported loss of Rs 10.06 million compared with a profit of Rs 75.11 million in the same quarter previous year. Net sales for the quarter jumped 59.73% to Rs 3,642.53 million, while total income for the quarter jumped 60.01% to Rs 3,651.86 million, when compared with the prior year period. The company posted loss of Rs 0.31 a share during the quarter compared with earnings of Rs 2.31 a share in prior year period. During the quarter, interest cost increased 25.37% to Rs 97.56 million while depreciation cost fell 16.47% to Rs 63.68 million over previous year period.The company for quarter ended September 30, 2008 reported an exchange loss of Rs 113.806 million as against exchange gain of Rs 0.079 million for the quarter ended September 30, 2007.
Binani Cement : Company announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 43.99% to Rs 268.10 million from Rs 478.70 million in the same quarter previous year. Net sales for the quarter jumped 45.15% to Rs 3,102.50 million, while total income for the quarter jumped 41.60% to Rs 3,110.90 million, when compared with the prior year period. The company reported earnings of Rs 1.32 a share during the quarter, registering 44.07% decline over prior year period. Interest cost increased 75.28% to Rs 172.30 million while depreciation cost rose 71.63% to Rs 194.80 million over previous year period.
Apollo Tyres : Apollo Tyres announced a steep fall in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 84.76% to Rs 77.90 million from Rs 511.04 million in the same quarter last year. Net sales for the quarter rose 16.29% to Rs 9,818.70 million, while total income for the quarter rose 15.85% to Rs 9,821.72 million, when compared with the prior year period. The company posted earnings of Rs 0.15 a share during the quarter. The flagship of the Raunaq Singh group Apollo Tyres was (Q, N,C,F)* incorporated in 1972. The company`s main business is the manufacture and sale of automobiles tyres, tubes and flaps. Its product range includes truck and bus bias, light truck bias and radial, passenger car radial, farm bias and radial. It also exports its products to South America, Pakistan, South East Asia, Middle East countries and Africa.
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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