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Investment Sector: Emerging Markets
Submitted by Mittar_b contact me , Project Manager at Softprodigy
10 months ago
Tags: emerging markets
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Profits up in Q3 results [ Login to Propose An Edit ]





Various Companies have announced results for Quarter 3 ending 31 December 2007 which is up from the previous year results.

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I have reviewed some of the industries wherein Tata group company Voltas has recorded a surge of massive 143% in its Profit After Tax (PAT) in Q3FY08 at Rs 47.2 crore as against Rs 19.4 crore in the year-ago period. Maruti Suzuki India from Gurgaon , the car maker company’s net profits have increased by 24% to Rs 467 crore as compared to the previous year ‘s Rs 376.41 crore.  Bharti Airtel, India’s largest wireless operator had a record addition of 6.4 million subscriber numbers during this period, the highest recorded by any telecom company so far. It recorded a 42% jump in its third-quarter net profit at Rs 1,722 crore from Rs 1,215 crore for the quarter ended December 2006. Revenue of the company increased 9.9% from Rs 6,337.4 crore in the quarter ended September 2007 while EBITDA was up 9.4% from Rs 2,709.7 crore. Punjab National Bank has registered a growth of 26% in net profit to Rs 541.5 crore for the third quarter ended December 31, 2007 from Rs 429.9 crore a year ago.Central Bank of India has reported a net profit of Rs 201 crore for the quarter ended December 2007, an increase of 50% compared with Rs 134 crore recorded during the same period a year earlier. Polaris Software Lab has reported a 5% rise in net profit for the third quarter. Union Bank of India today reported a 42.58 per cent rise in net profit at Rs 365 crore for the quarter ended December 31, 2007 as against Rs 256 crore in the same quarter last year. Tech Mahindra, the technology arm of the Mahindra Group, has reported a 19% growth in net profit to Rs 199.4 crore for the third quarter ended December 31, 2007, compared with the corresponding quarter last year. Revenues stood at Rs 970.4 crore, up 26% year on year. Punjab Tractors registered a 3.3% rise in net profit at Rs 25.4 crore for the third quarter ended December 31, 2007 as compared to Rs 24.6 crore in the same period last year. Financial services software provider I-flex Solutions declares 21.7% increase in net profit at Rs 110.8 crore for the third quarter ended on December 31, 2007 against Rs 91.1 crore for the corresponding quarter in 2006. Vijya bank net profit for Q3 ended December 31,2007 rises 36.8% to 126.9 crores against Rs 92.7 Crs in same quarter year ago. HDFC Bank's net profit rose 45.23 per cent to Rs 429.36 crore for the quarter ended December compared with Rs 295.64 crore. Tata Elxsi net profit rose 0.73 per cent to Rs 14.06 crore for the quarter ended December against Rs 13.96 crore is same quarter a year ago. The growth of these companies has been analyzed graphically.

 

 

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