Stock Martket BSE

GE Shipping

Great Eastern Shipping Company Ltd has posted a net profit after tax of Rs 753.00 million for the quarter ended December 31, 2009 as compared to Rs 2410.30 million for the quarter ended December 31, 2008. Total Income has decreased from Rs 7735.80 million for the quarter ended December 31, 2008 to Rs 5264.70 million for the quarter ended December 31, 2009.

Educomp Solutions

Educomp Solutions Ltd has posted a net profit of Rs 641.346 million for the quarter ended December 31, 2009 as compared to Rs 315.467 million for the quarter ended December 31, 2008. Total Income has increased from Rs 1469.558 million for the quarter ended December 31, 2008 to Rs 2159.536 million for the quarter ended December 31, 2009.

Balrampur Chini

Balrampur Chini Mills Ltd has posted a net profit of Rs 765.50 million for the quarter ended December 31, 2009 as compared to Rs 512.90 million for the quarter ended December 31, 2008. Total Income has increased from Rs 4299.80 million for the quarter ended December 31, 2008 to Rs 4414.40 million for the quarter ended December 31, 2009.

Aditya Birla Nuvo

Aditya Birla Nuvo Ltd has posted a net profit of Rs 806.50 million for the quarter ended December 31, 2009 as compared to Rs 41.10 million for the quarter ended December 31, 2008. Total Income has increased from Rs 12130.70 million for the quarter ended December 31, 2008 to Rs 12684.10 million for the quarter ended December 31, 2009.

GMR Infrastructure

GMR Infrastructure Ltd has posted a net profit after tax of Rs 18.40 million for the quarter ended December 31, 2009 as compared to Rs 222.70 million for the quarter ended December 31, 2008. Total Income has increased from Rs 373.30 million for the quarter ended December 31, 2008 to Rs 517.80 million for the quarter ended December 31, 2009.

SREI Infrastructure

SREI Infrastructure Finance Ltd has informed that, in an all-cash deal a consortium led by the Company in an auction has emerged as the highest bidder to acquire 57.17% stake in DPSC Ltd. from Andrew Yule and Company Ltd., Life Insurance Corporation of India and United India Insurance Company Ltd. Andrew Yule and its subsidiaries own 15.20% in DPSC, while LIC and UII own 30.61% and 11.36%, respectively.

McNally Bharat

McNally Bharat Engineering Company Ltd has informed that McNally Bharat Infrastructure Ltd, a 100% subsidiary of the Company has signed a Memorandum of Understanding with the Promoters of Buildmet Ltd. for buying the 100% equity share capital of the said Buildmet Ltd. held by the Promoters at a value of Rs. 37 Crores.

Kirloskar Oil

Kirloskar Oil Engines Ltd has entered into Memorandum of Understanding (MOU) with Axial Vector Energy Corporation (AVEC), to explore the possibility of co-operation in the Joint Development of Engines Program for mass production of internal combustion engines by using the technology of AVEC and the marketing, engineering and manufacturing expertise of the Company.

Siemens

Siemens Ltd has posted a net profit after tax of Rs 2364.100 million for the quarter ended December 31, 2009 as compared to Rs 3305.804 million for
the quarter ended December 31, 2008. Total Income has increased from Rs 18631.515 million for the quarter ended December 31, 2008 to Rs 18665.930 million for the quarter ended December 31, 2009.

Koutons Retail

Koutons Retail India Ltd has posted a net profit of Rs 157.950 million for the quarter ended December 31, 2009 as compared to Rs 133.157 million for the quarter ended December 31, 2008. Total Income has increased from Rs 2423.035 million for the quarter ended December 31, 2008 to Rs 2697.793 million for the quarter ended December 31, 2009.

Lupin Ltd

Lupin said its US-based subsidiary Lupin Pharmaceuticals Inc has received approval from the US drug regulator for Perindopril Erbumine tablets, used in treatment of heart disease. The company has received final approval from the US Food and Drug Administration (US FDA) for its Perindopril Erbumine tablets in the strengths of 2mg, 4mg and 8mg, Lupin.

Aban Offshore Q3 consolidated net profit down at Rs 89.4 Cr versus Rs 256 Cr; stock slides more than 10%

Aban Offshore has announced the following Unaudited results for the quarter ended December 31, 2009:

The company has posted a net profit of Rs 735.978 million for the quarter ended December 31, 2009 as compared to Rs 558.727 million for the quarter ended December 31, 2008. Total Income has increased from Rs 2826.071 million for the quarter ended December 31, 2008 to Rs 3288.633 million for the quarter ended December 31, 2009.

The unaudited Consolidated Results are as follows:

The Group has posted a net profit of Rs 894.351 million for the quarter ended December 31, 2009 as compared to Rs 2563.486 million for the quarter ended December 31, 2008. Total Income has decreased from Rs 9995.10 million for the quarter ended December 31, 2008 to Rs 8451.939 million for the quarter ended December 31, 2009.

Amit Shah of BNP Paribas Securities said that expectations were unrealistically high from Aban Offshore. He expect Aban’s FY10 EPS of Rs 120. He said that the consensus earnings expectation on Aban Offshore was too high. Aban’s rigs deployed in the Middle East is unlikely to have worked for more than 30 days, he added.

Dabur India Ltd has posted a net profit of Rs 1130.70 million for the quarter ended December 31, 2009 as compared to Rs 1047.20 million for the quarter ended December 31, 2008. Total Income has increased from Rs 6852.70 million for the quarter ended December 31, 2008 to Rs 7694.80 million for the quarter ended December 31, 2009.

Gujarat Mineral Development Corporation Ltd (GMDC) has posted a net profit of Rs 711.951 million for the quarter ended December 31, 2009 as compared to Rs 747.121 million for the quarter ended December 31, 2007. Total Income has increased from Rs 2628.859 million for the quarter ended December 31, 2008 to Rs 2820.357 million for the quarter ended December 31, 2009.

26% growth in global biz; CASA grew by 25%, CASA ratio at 36.1%; saw NPA slippages of Rs 363 Cr in Q3; restructured assets at Rs 4,800 Cr, under control: Bank Of Baroda

MD Mallya, CMD of Bank Of Baroda said that there was a growth of 26% in global business. CASA grew by 25% and CASA ratio stood at 36.1%. NIM improved to 3.4% in Q3FY10. The bank saw NPA slippages of Rs 363 crore in Q3FY10. Gross NPA stood at 1.4% while net NPA stood at 0.3%. Treasury income has been low in Q3FY10. The bank restructured assets of Rs 4800 crore and are under control.

Bank Of Baroda Q3FY10 NII (YoY) stood up 9.54% at Rs 1,601.2 crore Vs Rs 1,461.8 crore and net profit stood up 17.52% at Rs 832.5 crore Vs Rs 708.4 crore

Hindalco Industries Q3 reported a 21.60% decline in its net profit of Rs 427.1 crore as against Rs 544.8 crore; net sales jumped 29.55% to Rs 5,286.1 crore from Rs 4,080.2 crore

Aditya Birla Group company, Hindalco Industries has announced its third quarter results of FY10. It has reported a 21.60% decline in its net profit of Rs 427.1 crore as against Rs 544.8 crore, on year-on-year basis (YoY).

Net sales jumped 29.55% to Rs 5,286.1 crore from Rs 4,080.2 crore (YoY).

The share closed at Rs 159.10, down Rs 2.35, or 1.46%. The market cap stood at Rs 30,442.72 crore at current market price

Lanco Infra bags orders worth Rs 5675 Cr | one contract for offshore supplies equivalent to Rs. 2,160 crore|  second for civil works of Rs. 1,021.68 cr
Lanco Infratech Ltd has informed BSE that the company was awarded Contracts totalling value of Rs 5,675 Crores (Rupees Five Thousand Six Hundred and Seventy Six Crores) (a) One Contract for Offshore Supplies equivalent to Rs. 2,160.00 Crores (b) The Second for Civil Works of Rs. 1,021.68 Crores, (c) The Third for Onshore Supplies of Rs. 1,756.44 Crores (d) The Fourth for Services of Rs. 283.80 Crores (e) and the Fifth for Non-EPC of Rs. 454.08 Crores by Lanco Mahanadi Power Pvt. Ltd, a Subsidiary of the Company, in connection with the setting up of their Pulverized Coal Fired Power Plant of 2 x 660 MW Capacity to be located in the State of Maharashtra.