Company Results

Hindustan Zinc Q4 Net Drops 53.35% To Rs 551.47 Crore

Hindustan Zinc LimitedHindustan Zinc, a part of the dynamic Vedanta Resources group, has declared the results for the three-month period ended March 31, 2009.

For the period under review, India's leading zinc producer said that it has posted a decline of 53.35% in its net profit, which stood at Rs 551.47 crore as against Rs 1,182.20 crore during the corresponding period of the last year (March 2008).

The company’s total income during the fourth quarter witnessed a fall of 39.39% to Rs 1,483.15 crore from Rs 2,446.97 crore in the fourth quarter of FY 2008.

Yes Bank registers 24% surge in its Q4 Net profit

Yes BankPrivate sector lender Yes Bank on Wednesday informed that its net profit rose 24.20% to Rs 80.11 crore in the quarter ended March 2009 as against Rs 64.50 crore during the previous quarter ended March 2008.

In addition, the lender's total operating income also grew 46.44% to Rs 566.31 crore in the quarter ended March 2009 as against Rs 386.73 crore during the previous quarter ended March 2008.

For the full year, bank's net profit surged by 51.90% to Rs 303.84 crore in the year ended March 2009 as against Rs 200.02 crore during the previous year ended March
2008.

HCL Technologies posts disappointing results; Q3 Net profit down by 42%

HCL TechnologiesHCL Technologies, a leading offshore IT & software development company, on Wednesday reported a 42 per cent decline in its net profit at Rs 152.57 crore for the third quarter ended March 31, 2009

The firm had posted a net profit of Rs 263.08 crore in the same quarter last fiscal.

In addition, the total income of the company also fell to Rs 1,048.90 crore in the quarter under review, against Rs 1,275.58 crore in the same quarter previous fiscal.

For the nine-month ended March 31, the company has posted a net profit of Rs 804.37 crore from Rs 794.19 crore in the same period a year ago, up 1.28 per cent.

ACC reports rise in first quarter net profit and total income

ACC reports rise in first quarter net profit and total income According to the consolidated first quarter results posted by the cement bigwig ACC Ltd, the company's year-on-year net profit figures, for the quarter ended March 31, 2009, have gone up from Rs 324.3 crore a year before to Rs 399.34 crore.

In its filing to the stock exchange, the cement maker said that its total income also moved upward - from the year earlier Rs 1953.33 crore to Rs 2217.82 crore.

Hero Honda registers 23% growth, Analysis by Nirmal Bang Securities

Hero Honda registers 23% growth, Analysis by Nirmal Bang SecuritiesRevenue increased by 23 % YoY for fourth quarter and 19% for the year driven by improved sales numbers cloaking 37.22 lakh vehicles for the year a growth of 12% over previous year which was more than double the overall industry growth.

Operating profit increased by 33% for the quarter YoY & 26% for the year driven by decrease in the input costs mainly driven by a huge fall in the steel prices in the fourth quarter.

Other income decreased by 20% for the quarter & was down by 2% on the full year basis.

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3  India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.

However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.

The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.

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