Media and entertainment firm Zee Entertainment Enterprises (ZEEL) has announced financial results for the third quarter ended December 2008 reporting 26% decline in its consolidated net profit, which stood at Rs 83.97 crore, as against Rs 113.47 crore for the same quarter, a year ago.

Rising input costs and a slowdown in its advertising revenue growth adversely hit the company’s business for the reporting quarter leading to significant decline in revenue and net profit.
 

While software segment is facing the heat of global slowdown, Polaris Software Lab Limited performed well for the third quarter of current financial year. The company provides application development solutions to banking, finance and insurance sector.

The company posted 94 per cent increase in net profit despite low demand in IT segment and tight liquidity conditions. The board of company has decided to pass 30 per cent dividend to shareholders.

Leading public sector lender Indian Bank has announced its financial results for the third quarter of the current financial year. The bank posted 14 per cent increase in net profit which stands at Rs 350.70 crore as compared to Rs 307.50 in the same period last quarter.

Its total income increased to Rs 2071.37 crore as compared to Rs 1676.00 crore in previous quarter.

The bank said in a filing before BSE, "The additional segments of corporate banking and retail banking have been included for the quarter and for the nine months ended

Leading pharmaceutical company Dr. Reddy's Laboratories announced its financial results for the third quarter ended December 31, 08. The company posted net profit of
192.40-crore in the reporting period as compared to loss of Rs 121.30 crore in the same period last year.

Its revenue stood at Rs 1,840 crore in Q3 as compared to Rs 1,231 crore in the third quarter of financial year 2007-08.

Hero Honda Motors Ltd has announced financial results for third quarter of this financial year. The auto maker reported 7.1 per cent increase for Q3 despite 4 per cent drop in sales.

It should be recalled that government had announced 4 per cent excise duty cut in the economic booster package which helped to propel demand in automobile sector. Banks had also cut auto interest rates in line with key rate revision by Reserve Bank.

Country's third largest software exporter, Wipro has announced its results for third the quarter. The company posted net profit of Rs 10.04 billion for Q3 ended December 31,
08. the company posted net profit of Rs 8.54 billion for the same period last year.

Its total income stands at Rs 67.73 billion as compared to Rs 54.33 billion a year ago. The company posted 26 per cent increase in its operating profit.