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ITC Ltd reported a 26 per cent increase in net profit (after tax) at Rs 1,010 crore for the second quarter ended September 30, 2009 as compared with Rs 802.72 during the corresponding quarter of last year. Total revenue of the company for the second quarter has increased to Rs 4,413.72 crore from Rs 3,973.12 crore in the same period of previous fiscal. The company has reported strong growth in cigarettes, FMCG others, agri and paper & packaging businesses. According to the statement issued by the company today after the company’s board took the second quarter results on record, profitability has improv ed on the back of better product mix, smarter sourcing of inputs and several targeted cost management actions. Agri business profit for the period under review has more than doubled, driven by strong leaf tobacco exports. The hotels business of the company, however, continues to be impacted by the global economic slowdown.

 ITC today reported a 8.73 per cent growth rate in its net profit at Rs 903.21 crore for the third quarter ended December 31, 2008, on the back of strong revenues from the FMCG segment. The firm had a net profit of Rs 830.72 crore in the December quarter of financial year 2007-2008, ITC said in a filing to the Bombay Stock Exchange. The revenue from the FMCG segment rose nearly 16 per cent to Rs 2,713.64 crore during the quarter, from Rs 2,339.65 crore in the year-ago period. According to a release issued by the company to the BSE today, Q3FY09 total income increased by 10.03% to Rs 3,956.21 crore from Rs 3,595.39 crore for the quarter ended December 31, 2007. Other income, however, dropped 29% to Rs 97.56 crore as against Rs 137.40 crore.

Wipro's Q3 net profit up 5.7% QoQ (Business Stndard 18th Jan 2008) Wipro’s net profit for the quarter ended December 31, 2007 was Rs 804.10 crore, up 5.7 per cent from Rs 760.30 crore in the previous quarter. Net sales for the period was Rs. 4,357 crore, up 4.98 per cent from Rs 4,150 crore in the July-September quarter. On a consolidated basis, the company’s net profit for the quarter ended December 31, 2007 stood at Rs 854 crore, up 4.91 per cent from Rs 814 crore in the last quarter. More ITC Q3 net profit up 16 pc, beats forecast (Business Stndard 18th Jan 2008) India's top tobacco firm, ITC Ltd, on Friday beat market forecasts with a 16 per cent rise in quarterly net profit, helped by strong growth in its packaged foods and hotels businesses. The Kolkata-based company said net profit rose to Rs 8.31 billion ($211 million) in its fiscal third quarter to end-December from 7.17 billion reported a year earlier, and compared with a poll forecast of 8.14 billion. More Reliance...

Pick these stocks this Jan: Modern Shares (Source CNBC-TV18, Moneycontrol.com 3rd Jan 2008)Speaking to CNBC-TV18, Anil Manghnani of Modern Shares & Stock Brokers said that 6,200 on the Nifty and 20,500 on the Sensex have been a little bit of barrier levels. “I think if we can start trading above that on a consistent basis, then the next logical target for both the Sensex and the Nifty would be about 21,200 on the Sensex and about 6,465 on the Nifty,” he said.His colleague, Neppolian Pillai is optimistic about Oriental Bank of Commerce. “I feel if you can buy this stock anywhere from Rs 305 to roughly about Rs 270, you should get a price back upto around Rs 363-380. Modern Shares View SECTORAL INDICES BSE Target Support Auto 5991-6299 5368-5557 Healthcare 4493-5225 4020-4182 IT 4571-4637 4199-4365 Metal 20640-20787 18743-19323 Oil 14090-14258 12107-12613 FMC...