Sintex Industries, a market leader in the plastic and textiles business segments, has announced the results for the three month period ended December 31, 2008.

On a standalone basis, the company has registered an increase of 21.06 percent in its third quarter net profit, which stood at Rs 708.44 million, as against Rs 585.175 million during the corresponding quarter of the last year (Dec 2007).

The total income of the company rose 36.12 percent to 8453.49 million as against Rs 6210.39 million in the previous year period.

Mastek Ltd has declared the results for the three month period ended December 30, 2008.

The IT and offshore outsourcing services company has recorded a 15.14 percent net profit growth despite the company’s numbers were impacted by forex losses and fall in customer demand.

The company has posted a net profit of Rs 31.3 crore as compared to Rs 27.21 crore during the same period of the last year (Dec 2007).

The company's total income during the same period came up by 24.18 percent at Rs 268.2 crore as against Rs 215.98 crore for the same period last year.

TATA group owned TATA Steel reported 14 per cent decline in sales in the third quarter of current financial year as compared to sales during same period last year. It indicates the impact of global slowdown on the steel sector. Almost all economic segments are facing the heat of global financial crisis and gearing up for strict measures to deal with the situation.

Prism Cement, a leading cement manufacturer, has announced that its second quarter net profit has plummeted by 52 percent ato Rs 31.03 crore from the same quarter last fiscal.

In a filing to the Bombay Stock Exchange, the company said that it had registered a net profit of Rs 64.45 crore in the same quarter Financial Year 2008.

Net sales of the company slumps declined to Rs 214.79 crore in the quarter under review, versus Rs 228.11 crore in the same period a year ago.

Various cost cutting measures taken by TATA Steel has improved its margin in the July-September period. The company witnessed 213% increase in the net profit for the second quarter of current financial year despite slow demand and tough financial conditions. It has been working on various cost cutting measure, including improvement in efficiency, production control and salary cut, that ultimately yielded good Q2 results.

Its consolidated net profit increased to Rs. 4,703.60 crore, from Rs. 1,489.50 crore in the same period last year. The operating profit stands at Rs. 7,187 crore, from Rs.