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Larsen & Toubro today said it has received two orders worth Rs 2,155 crore from National Fertilisers Ltd (NFL) for converting the feedstock of ammonia plant to natural gas. The project involve changeover of the feedstock of the existing 900 tonnes per day (TPD) ammonia plant from fuel oil to natural gas, the company said. The scope of work includes process licence, engineering and construction of the plants. Both projects would be executed concurrently and are expected to be ready for commissioning by January-end 2013.

Ashok Leyland on Sunday reported 455 per cent jump in net profit for the quarter ended December at Rs 104.63 crore on the back of robust sales growth. The automobile manufacturer had registered a net profit of Rs 18.86 crore in the same quarter a year ago. Sales revenue was up 81 per cent at Rs 1,815.53 crore against Rs 1,004.49 crore in the corresponding period the previous fiscal. During the quarter under review, sales volume increased by 101 per cent at 16,129 units against 8,011 in the year ago period, the company said in a statement.

Suzlon Energy has posted a net profit of Rs 14.1 crore for the third quarter, ended December 31, 2009, against a net loss of Rs 64.87 crore in the third quarter last year. However net sales of the company stood at Rs 5,590 crore for the quarter on a consolidated basis, 19.24 per cent lower than the Rs 6,922 crore for the third quarter of last year. Suzlon said its net debt had declined by Rs 3,274 crore during the quarter. It had debts worth Rs 13,762 crore in September 2009 and this fell to Rs 10,488 crore in December 2009. The company said its order book (excluding subsidiaries Hansen and REpower) stood at 1,483.60 Mw, valued Rs 8,128 crore as on January 30. The company sold 327 Mw in India in the first nine months of 2009-10, and has a current order book position of 314.30 Mw for India. Its German subsidiary REpower has an order book of ¤1.7 billion as on December 31, 2009. Suzlon said it was in advanced stages of completing a broad-based refinancing and consolidation of its debt

Reliance Communications today said its consolidated net profit declined by 19.34 per cent to Rs 1,164.82 crore for the third quarter of 2009-10. The company had a consolidated net profit of Rs 1,444.17 crore for the same quarter last fiscal. Consolidated net income from operations decreased to Rs 5,283.67 crore for the quarter under review from Rs 5,671.82 crore for the same period previous fiscal.

GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal. Net sales of the company increased to Rs 473.50 crore for the latest quarter against Rs 104.34 crore for the same period last fiscal, GVK Power & Infrastructure said in a filing to the Bombay Stock Exchange (BSE). For the nine months ended December 31, 2009, the company posted a net profit of Rs 122.76 crore against Rs 93.31 crore for the same period last fiscal.

NHPC on Saturday reported a net profit of Rs 581 crore for the quarter ended December 31, 2009. The company had a loss of Rs 53.94 crore in the same quarter previous fiscal, NHPC said in a filing to the Bombay Stock Exchange. Total income rose to Rs 1,276.97 crore in the October- December quarter, from Rs 485.90 crore in the same quarter previous fiscal.

Gujarat State Petronet (GSPL) was promoted in 1998 by Gujarat government-owned companies led by Gujarat State Petroleum Corp (38% stake). It has a 1,283km pipeline network in Gujarat. It transmitted 15mmscmd of gas in FY09. Volumes are set surge sharply in FY10E. It has agreement with Reliance to transmit 11mmscmd (may rise to 14-20mmscmd) of gas from Bharuch to Jamnagar. Its volumes are mainly from KG D6 gas, Dahej and Hazira LNG terminals. Its main customers are Reliance, Torrent and Essar. GSPL offers the best pipeline connectivity in Gujarat, which is and will remain the largest gas consuming state in India. Most of the incremental gas in India will be from RIL. Only GSPL has a firm transportation agreement with RIL, which will mean 65-118pct rise in volumes over FY08 levels.

Tata Motors reported a net profit of Rs 400.14 crore for the third quarter of this fiscal, a turnaround from the Rs 263.26-crore net loss in the corresponding period last year. Revenue almost doubled to Rs 8,979.9 crore from Rs 4,759. 62 crore. The company sold 1.65 lakh vehicles during the quarter, 68 per cent up over 98,760 units last year. However, on a sequential basis, the contraction of operating margin brought down net profit from the peak of Rs 729.14 crore in the preceding quarter. It was primarily the turnaround in the commercial vehicle segment which grew 89 per cent year-on-year that drove the company back to the profit zone. Market share grew to 64.3 per cent with 93,520 units sold during the quarter. The medium and heavy commercial vehicle segment which was the worst hit during the downturn saw a 121 per cent growth while light commercial vehicles maintained a 70 per cent plus growth rate. On the passenger vehicle front, the launch of Indigo Manza and Sumo Grande Mark II

NTPC has announced its third quarter results of FY10. It has reported 5.06% rise in its net profit of Rs 2,365 crore as against Rs 2,251 crore, on year-on-year basis (YoY). Net sales declined 0.83% to Rs 11,183.7 crore from Rs 11,277 crore (YoY). The company's trailing 12-month (TTM) EPS was at Rs 10.56 per share, till the results of September, 2009.

Tata Steel has announced its third quarter results of FY10. It has reported 155.47% jump in its standalone net profit of Rs 1191 crore as against Rs 466.2 crore, year-on-year basis (YoY) and up 31.89% from Rs 903 crore, quarter-on-quarter basis (QoQ). Standalone net sales shot up 32.78% to Rs 6,307 crore as against Rs 4,750 crore, YoY and up 12.04% from Rs 5,629 crore, QoQ.

Lower input costs and growth in sales have helped Steel Authority of India Ltd (SAIL) almost double its net profit for the third quarter ended December 31, 2009. The company's net profit stood at Rs 1,676 crore, almost double the Rs 843 crore in the same quarter last fiscal. Net sales stood at Rs 9,697 crore, a growth of 11 per cent over Rs 8,724 crore in the same quarter last year.

DLF Ltd, on Wednesday, posted a 30.2 per cent drop in its consolidated net profit for the third quarter ended December 2009 to Rs 467.8 crore, but said that demand was robust across all segments of housing and there are signs of recovery in leasing of office space. In the just ended quarter, DLF realised close to Rs 170 crore from sale of non-core assets, taking the total divestment in FY10 to Rs 1,234 crore. DLF said it has an “enhanced visibility” on about Rs 1,250 crore of asset sales/refunds due by the end of the current fiscal taking the total for the year to Rs 2,500 crore, with the balance going to fiscal 2011. “The company remains focused to become net debt zero in the medium term,” DLF said.

State Bank of India (SBI) has announced its third quarter results of FY10. The bank has reported 8.4% decline in its consolidated net profit of Rs 3,304.59 crore as against Rs 3,607.61 crore in the same quarter of previous year. Consolidated net interest income increased 9.08% to Rs 8,781.7 crore from Rs 8,050.8 on year-on-year basis (YoY).

LIC Housing Finance on Monday posted a 15 per cent jump in net profit at Rs 153.57 crore for the third quarter ended December 31, 2009 against Rs 134.33 crore in the corresponding quarter previous fiscal, the company said in a filing to Bombay St ock Exchange. Total income increased by around 15 per cent to Rs 880.46 crore from Rs 766.68 crore

Gujarat NRE Coke Ltd has posted a net profit after tax of Rs 26.68 crore for the third quarter ended December 31, 2009 against Rs 13.26 for the quarter ended December 31, 2008. Total income has decreased from Rs 439.32 crore for the quarter ended December 31, 2008 to Rs 321.68 crore for the quarter ended December 31, 2009.

Bharat Forge today reported a 773.3 per cent jump in its net profit at Rs 37.99 crore for the third quarter ended December 31, 2009. The company had a net profit of Rs 4.35 crore in the December quarter of FY09, Bharat Forge said in a filing to the Bombay Stock Exchange (BSE). Total income has increased 11.34 per cent to Rs 516.96 crore in the third quarter from Rs 464.28 crore in the corresponding period a year-ago.

Maruti Suzuki India on Saturday reported over three-fold jump in its net profit at Rs 687.53 crore for the third quarter ended December 31, 2009. The company posted net sales of Rs 7,333.77 crore for the December quarter, up 62.51 per cent from Rs 4,512.64 crore in the same period previous fiscal, Maruti Suzuki said in a filing to the Bombay Stock Exchange. The company will also invest Rs 1,700 crore to expand its capacity by 2.5 lakh units annually. “In the October-December quarter, favourable conditions in the domestic markets supported by the Government’s stimulus package and ease of automobile finance h elped (the company) achieve good sales,” it said. The company sold 2.58 lakh units in Q3, up 48.72 per cent from 1.73 lakh units it sold in the same quarter ended December 2008. During the quarter, exports led by the A-star continued to be strong.

Punj Lloyd on 22nd Jan reported a net profit of Rs 13 crore for the third quarter ended December 31, 2009. For the corresponding period last year the company had reported a loss of Rs 226 crore. The revenues for the latest quarter dipped seven per cent to Rs 2,918 crore as compared to Rs 3,143 crore during the corresponding quarter of the previous fiscal, the company said in a statement.

I CICI Bank's net profit fell by 13 per cent to Rs 1,101 crore for the quarter ended December 31, 2009 from Rs 1,272 crore in the year ago quarter mainly due to treasury losses. The bank suffered a loss of Rs 26 crore in treasury income, against a profit of Rs 976 crore last year, due to a rise in bond yields. The assets shrank Rs 23,000 crore in the last nine months to Rs 3,56,228 crore. The bank managed to bring down its cost of funds to 5.4 per cent (6.5 per cent) as it shed high-cost and bulk deposits and increased low-cost Current Account Savings Accounts (CASA) deposits. In the third quarter, the bank shed about Rs 10,000 crore worth of high-cost deposits

JSW Energy has announced its third quarter results of FY10. Its net profit shot up 53.9% to Rs 237 crore versus Rs 154 crore, on year-on-year basis (YoY). Net sales increased 83.52% to Rs 668 crore from Rs 364 crore (YoY).

Larsen & Toubro (L&T) has announced its third quarter results of FY10. The company's Q3 adjusted PAT (profit after tax) was up 15.21% to Rs 696 crore versus Rs 604.1 crore during the year-ago quarter. Net sales for the company were down 6% at Rs 8,071 crore versus Rs 8,594 crore. The company's Q3 numbers were below market expectation. L&T also cut down on its projected FY10 growth estimate, or guidance, to 10% from 15% earlier. It, however, re-iterated that order inflow for the full-year was still seen over 30%.

Praj Industries has posted a net profit of Rs 29.15 crore for the quarter ended Dec. 31, 2009 as compared to Rs 47.30 crore for the quarter ended December 31, 2008. , a decline of 38.37%. for the quarter ended December 31, 2008. Total Income has decreased 30.74 per cent to Rs 152.30 crore from Rs 219.90 crore in the quarter ended December 31, 2008

Wipro reported a 4.76% jump in its Q3 FY10 consolidated net profit of Rs 1,217 crore as against Rs 1,161.7 crore quarter-on-quarter. Consolidated revenues increased 0.71% to Rs 6,966 crore as compared to Rs 6,917.2. Though the Q3 numbers were better-than street expectations, they were lower than Infosys and TCS.

Yes Bank Ltd has posted a 19.04 per cent rise in net profit for the quarter ended December 31, 2009, at Rs 125.93 crore, against Rs 105.79 crore for the corresponding quarter in the previous year. Total income of the bank rose marginally by 3.86 per cent, from Rs 726.15 crore for the quarter ended December 31, 2008 to Rs 754.16 crore for the quarter under review.

Tata Power Company Ltd informed the BSE that it has posted a net profit (after tax and statutory appropriations) of Rs 141.89 crore for the third quarter ended December 31, 2009 as compared with Rs 101.08 crore in the corresponding quarter in 2008. Total income for the quarter has decreased to Rs 1,611.68 crore from Rs 1,822.87 crore in the year-ago period.

Axis Bank had announced its third quarter results of FY10. It has reported 30.94% jump in its net profit of Rs 656 crore as against Rs 501 crore in the same quarter of previous year. Net interest income (NII) went up 45.13% to Rs 1,349.1 crore from Rs 929.6 crore. Other income was up to Rs 988 crore from Rs 732 crore.

HDFC Bank has declared its third quarter results of FY10. It has reported jump of 31.51% in its Q3 net profit of Rs 818 crore as against Rs 622 crore in the same quarter of previous year. Net interest income (NII) was at Rs 2,223 crore. O ther income went down at Rs 853 crore from Rs 939.4 crore and provisions declined to Rs 447.7 crore versus Rs 531.8 crore. Capital adequacy ratio (CAR) stood at 18.3% and gross non-performing assets (NPA) slipped to 1.6% versus 1.8%.

The company has posted a 48.7% rise in net profit for the quarter ended December 2009 on the back of loan disbursements. Net profit of Rs 474 crore was registered in the three months ended December compared with Rs 318.6 crore posted in the corresponding period in the previous year.

Bajaj Auto Finance today said its net profit jumped over two-fold to Rs 27.32 crore for the quarter ended December 31, 2009, over the same period last year. Total income rose to Rs 249.31 crore for the third quarter ended December, against Rs 157.45 crore in the same period previous fiscal, Bajaj Auto Finance said in a filing to the Bombay Stock Exchange. For the nine month ended December 31, the company has posted a net profit of Rs 64.22 crore, a jump of over three-fold from Rs 18.88 crore in the same period previous year.

Bajaj Auto reported a 189.24 per cent increase in its net profit at Rs 475.14 crore for the third quarter ended December 31, 2009.The company had a net profit of Rs 164.27 crore in the correponding quarter a year ago. Total income rose to Rs 3,330.68 crore for the third quarter ended December, as against Rs 2,140.98 crore in the same period previous fiscal, Bajaj Auto said in a filing to the Bombay Stock Exchange (BSE). For the nine month ended December 31, the company has posted a net profit of Rs 1,171.46 crore, a jump of over 123 per cent from Rs 524.29 crore in the same period previous year.

IVRCL Infrastructure & Projects said on Wednesday it received a road project in Madhya Pradesh worth Rs 15.5 billion from the National Highways Authority of India. The project which is part of National Highway 59 involves design, engineering, construction, development, finance, operation and maintenance of the road that runs between Indore and Ahmedabad in Gujarat. It has a concession period of 25 years including 2.5 years of construction, the company said in a statement to the National Stock Exchange.

I nfosys Technologies has reported a 3.6 per cent YoY decline in net profit to Rs 1,582 crore for the third quarter ended December 31, 2009. Total income too saw a decline of close to 1 per cent to Rs 5,741 crore. On a sequential basis, net profit grew by 2.7 per cent while the topline by 2.8 per cent, indicating some silver lines as the economy is trying to pull itself away from the recessionary quicksand. Earnings per share decreased to Rs. 27.75, showing a 3.2 per cent decline yoy and a 3.3 per cent growth on a sequential quarter basis. The company has said that going forward the EPS for the fourth quarter is expected to fall in the range of 8.3 to 9 per cent, while for the entire year there will be a marginal growth of around 2.5 per cent.

Suzlon Energy Ltd announced BSE on Monday that the company has won a repeat order from Gujarat Alkalies and Chemicals Ltd to set up, operate and maintain a 21-MW wind energy project at Rajkot district in Gujarat. The project will comprise 14 units of Suzlion’s S82-1.5 MW wind turbines. The project, GACL’s third with Suzlon, is scheduled for completion and commissioning by March end and will capitalise on the subsequent high wind season.

Tata Motors today said its total sales during December last year more than doubled to 51,627 units, up from 25,219 vehicles sold in December 2008. The auto major's total passenger vehicle sales and distribution in the domestic market recorded a 49% jump at 14,654 units compared to 9,838 vehicles in December 2008, the company said in a statement. The company's exports jumped 161% at 3,454 vehicles in December last year compared to 1,325 vehicles in December 2008. The company sold 3,610 units of the world's cheapest car Nano in December. It sold 4,228 units of the Indica range, a decline of 37% over December 2008. Indigo recorded sales of 5,106 units, a growth of 205%. The company sold 1,710 units in the Sumo and Safari range, registering a growth of 21%. In the commercial vehicles segment, December sales in the domestic market stood at 33,519 units, up 138% compared to 14,056 vehicles.

month and ensuring the momentum for January largely with the new year registration sentiment. Market leader Maruti Suzuki posted a 50 per cent year-on-year growth for December, clocking sales of 84,804 units. Hyundai Motor India's sales grew 23 per cent to 47,217 units. Auto companies across the spectrum reported substantial growth during the month, largely due to the low base as economic slowdown had hit sales badly in December 2008. However, both Maruti and Hyundai, that together control about 70 per cent of the Indian car market, sold fewer cars than in November. Both companies saw a decline from their peak in November when they clocked their highest-ever monthly sales of 87,807 (Maruti) and 55,265 (Hyundai) units, respectively. The subdued customer enthusiasm in December is mainly attributed to the reluctance to buy a 2009 model car when the New Year is just round the corner. Tata Motors, the third largest car manufacturer, did not release its December sales report. Hero Honda,

The latest data, for November 2009, show a positive export growth, a reversal in the steep fall in negative import growth, and a relatively lower trade deficit over November 2008. Provisional figures released by the Directorate-General of Commercial Intelligence and Statistics for November show exports at $13.19 billion ($11.16 billion), posting a positive 18.2 per cent growth after a long spell of negative growth. The nearly year-long export decline saw the authorities frame policy support, particularly for the labour-intensive export segments such as leather, handicrafts, gem and jewellery, and agro industries. Imports during November at $22.88 billion ($23.48 billion) registered a modest decrease of 2.6 per cent over the year-ago period, compared to the double-digit import decline witnessed through the fiscal till October.