Skip to main content

Company News

Tata Motors Q3 net up 9% at Rs 655cr (Business Standard 1st Feb 2008)Tata Motors today reported a 8.75% increase in consolidated net profit at Rs 654.79 crore for the third quarter ended December 31, 2007 when compared with Rs 602.07 crore in Q3FY07.According to a release issued to the BSE, the company's total income has increased to Rs 9,324.69 crore for the quarter ended December 31, 2007 from Rs 8,189.66 crore in Q3FY07.
The company, on a standalone basis, reported a 2.75% decline in net profit at Rs 499.05 crore for the quarter ended December 31, 2007 as compared to Rs 513.17 crore in Q3FY07. More
Higher borrowing costs dent Tata Motors net(The Hindu Business Line 1st Feb 2008)Tata Motors on Thursday reported a 2.8 per cent drop in its third quarter stand-alone net profit, as high borrowing costs curtailed demand for vehicles.
Its profit during the quarter dipped to Rs 499 crore from Rs 513 crore in the year ago period. Other factors that pulled down the vehicle maker’s profits included high input costs and increased competition. The decline in profit was despite a 5.2 per cent rise in the revenues.
The revenues were Rs 7,251.83 crore as against Rs 6,895.75 crore in the corresponding period last year. The domestic sales volume for the quarter was 1,31,852 units, a one per cent increase from the year-ago period. The export volumes rose to 12, 756 vehicles compared to 11,610 vehicles in the year ago period, a rise of 10 per cent. More
Labels:

Comments

Post a Comment

Popular posts from this blog

News - Economy

Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70
Post a Comment
Read more

Stock Market says Merry Christmas to Investors

Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
Post a Comment
Read more

IIP records negative growth of 0.4% in Oct

T he country's industrial output shrunk for the first time in many years to a record a negative growth of 0.4 per cent in October, stifled by manufacturing sector -- for rescuing which the government announced a stimulus package earlier this mo nth. Output had grown by 5.45 per cent in September, and 12.2 per cent in October, 2007. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago. Manufacturing sector, which accounts for 80 per cent of the index, declined to 1.2 per cent from 13.8 per cent in the year-ago period. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty. Electricity sector grew by 4.4 per cent during the month, bettering 4.2 per cent output of the year-ago period, while mining sector grew by a slower 2.8 per cent against 5.1 per cent in the previous year's comparable period
Post a Comment
Read more