Net profit of Rama Phosphates rose 2776.00% to Rs 7.19 crore in the quarter ended December 2010 as against Rs 0.25 crore during the previous quarter ended December 2009. Sales rose 49.08% to Rs 88.76 crore in the quarter ended December 2010 as against Rs 59.54 crore during the previous quarter ended December 2009.
· Net profit of Finolex Industries rose 213.84% to Rs 35.59 crore in the quarter ended December 2010 as against Rs 11.34 crore during the previous quarter ended December 2009. Sales rose 27.61% to Rs 530.14 crore in the quarter ended December 2010 as against Rs 415.45 crore during the previous quarter ended December 2009.
· Net profit of Narendra Properties rose 254.17% to Rs 1.70 crore in the quarter ended December 2010 as against Rs 0.48 crore during the previous quarter ended December 2009. Sales declined 10.38% to Rs 2.33 crore in the quarter ended December 2010 as against Rs 2.60 crore during the previous quarter ended December 2009.
· Net profit of Walchand Peoplefirst rose 484.62% to Rs 0.76 crore in the quarter ended December 2010 as against Rs 0.13 crore during the previous quarter ended December 2009. Sales rose 23.96% to Rs 3.88 crore inthe quarter ended December 2010 as against Rs 3.13 crore during the previous quarter ended December 2009
· Favouring outright sale of closed PSUs, Heavy Industries Minister Praful Patel today said the ailing Scooters India (SIL) could be considered for complete privatisation.
· FMCG major Hindustan Unilever (HUL) today said there could be further price hikes in its products as input costs, particularly that of commodities continue to rise.
· Ramaraju Surgical Cotton Mills net profit rose 4466.67% to Rs 5.48 crore in the quarter ended December 2010 as against Rs 0.12 crore during the previous quarter ended December 2009. Sales rose 25.41% to Rs 50.30 crore in the quarter ended December 2010 as against Rs 40.11 crore during the previous quarter ended December 2009.
· World number two truck maker Volvo posted a smaller-than-expected rise in fourth-quarter earnings on Friday, hit by problems as output was ramped up, but raised its market outlook for its main markets.
Tags: Corporate News, Corporate Updates
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