(updated - 01 Feb 2010)
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Following are the key Q3 FY2010 results announced on Saturday, Jan 30, 2010,
Suzlon Energy, the world`s third largest wind turbine maker, swung to profit in third quarter
of financial year 2009-10. During the quarter, it posted consolidated profit of Rs 141 million
as against loss of Rs 648.70 million in the same period last year. It reported a drop of
19.52% y-o-y in consolidated revenues to Rs 55.90 billion.
Delhi-based Unitech, India`s second-largest real estate developer, reported a rise of 29.37%
y-o-y in consolidated net profit to Rs 1.76 billion for the quarter ended Dec 31, 2009. It
posted a growth of 57.65% y-o-y in consolidated revenues to Rs 7.74 billion.
Pune based Thermax, a leading in energy and environment solutions provider, reported a
21.84% y-o-y drop in standalone net profit for the quarter ended December 2009 to Rs
565.07 million. Total income for the quarter fell 5.17% to Rs 7,556.12 million, when
compared with the prior year period.
Videocon Industries disclosed a 2.18 times jump y-o-y in standalone net profit for the
quarter ended December 2009 to Rs 1.32 billion. Total income for the quarter rose 35.07%
to Rs 28,103.80 million, when compared with the prior year period.
Shipping Corporation announced a 52.84% y-o-y drop in standalone net profit for the
quarter ended December 2009 to Rs 874.40 million. Total income for the quarter fell 18.27%
to Rs 9,822.40 million, when compared with the prior year period.
Syndicate Bank disclosed a substantial drop of 42.28% y-o-y in standalone net profit for
the quarter ended December 2009 to Rs 2,057.30 million. Interest earned for the quarter fell
4.29% to Rs 24,555.30 million, while total income for the quarter fell 2.96% to Rs 26,769.30
million, when compared with the prior year period.
Q3 performance of Anil Dhirubhai Ambani Group companies:
Reliance Communications (RCom) registered a drop of 21.43% y-o-y in consolidated net
profit to Rs 11.08 billion for the quarter ended Dec 31, 2009. The nation`s second largest
telecom service provider reported a fall of 9.24% y-o-y in consolidated revenues to Rs 53.10
billion.
Reliance Infrastructure announced a 10% y-o-y rise in net profit for the quarter ended
December 31, 2009 to Rs 2.77 billion. Total operating income stood at Rs 22.87 billion,
registering a y-o-y drop of 15.86%.
Reliance Capital reported a drop of 52% y-o-y in consolidated net profit to Rs 631.80
million for the quarter ended Dec 31, 2009. The nation`s third largest private sector financial
group (in terms of net worth) reported a y-o-y fall of 6% in consolidated revenues to Rs 14.85
billion.
Stock Updates
Top Q3 results
Following are the key Q3 FY2010 results announced after post market hours on Friday, Jan 29, 2010,
State-run telecom operator, Mahanagar Telephone Nigam (MTNL) swung to loss for the quarter ended December 2009 as staff
cost exceeded revenues. During the quarter, the company reported loss of Rs 8,949.52 million compared with a profit of Rs 582.72
million in the same quarter previous year. Total income for the quarter fell 26.71% to Rs 10.20 billion, when compared with the prior
year period. It has reported staff cost of Rs 13,362.85 million for the third quarter of FY2010, which was 31% higher than its total
income.
Power Finance Corporation (PFC) announced a 66.28% y-o-y jump in standalone net profit for the quarter ended December 2009
to Rs 5.64 billion. Total income for the quarter rose 18% to Rs 20,298.85 million, when compared with the prior year period.
Sun Pharmaceutical Industries reported a good 23.91% y-o-y increase in standalone net profit for the quarter ended December
2009 to Rs 3.18 billion. Total income for the quarter rose 12.76% to Rs 7,159.30 million, when compared with the prior year period.