Friday, November 16, 2012

Corporate News 16-11-2012

Madhucon Projects Ltd has posted a lower net profit of Rs 4.95 crore for the second quarter ended September 30, 2012, as against Rs 6.04 crore for the corresponding quarter last year. The revenue for the second quarter was also lower at Rs 318.80 crore as against Rs 416.04 crore for the corresponding quarter last year.



Tata Motors Ltd's global vehicle sales rose 6% in October from a year earlier, with sales at its key Jaguar Land Rover subsidiary rising 7%, after falling in September for the first time in 14 months. Tata Motors sold a total of 100,660 vehicles in October. Overall passenger car sales stood at 49,264 vehicles, down 5% from a year earlier.

DLF will issue fresh equity shares in the next fiscal to dilute promoters’ stake to 75% as per SEBI’s guidelines and will use the funds to cut debt.

FM said that most state-run banks need an infusion of additional capital and a decision will be taken in the next few weeks.

HBL Power Systems Ltd posted a significant dip in its net profit at Rs 1.99 crore for the second quarter ended Sep-tember 30, 2012, against a profit of Rs 11.61 crore for the corresponding quarter last year. The company in-come from operations for the second quarter was however up marginally at Rs 319.79 crore against Rs 287.30 crore for the corresponding period last year.

Gayatri Projects Ltd has posted a net profit of Rs 12.92 crore for the second quarter ended September 30, 2012 against Rs 13.36 crore in the corresponding quarter last year.

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