HDIL net dips 24% to Rs. 148 Cr
Mumbai-based real estate builder, HDIL (Housing Development and Infrastructure Ltd)announced a 24% dips in net profit at Rs. 148 crore for the quarter ended September 2011. A year ago during the same period, the HDIL posted a net profit of Rs 196 crore.
Sametime, total income rose 14% to Rs. 450 crore from Rs. 395 crore in Q2, 2010.
Ramky Infra : Q2 net up 9%
Ramky Group's Infrastructure development company, Ramky Infrastructure reported a 9.43% increase in its net profit for the quarter ended September 30, 2011 at Rs 44 crore (Rs 40.38 crore).
The Company's net sales registered a 33.67% growth at Rs 757.48 crore.
Ramky Infra bagged projects worth Rs 940 crore during the September quarter, including construction of low cost housing at Bawana, Delhi, worth Rs 253.22 crore.
Shree Cement net triples
Shree Cement's's net profit more than tripled to Rs. 38 crore for the quarter ended September 30, 2011, as against Rs. 11 crore during same period last year. Reason ;Riding on higher sales, rise in cement realisation and better cost control measures.
Net sales grew by 19% to Rs. 855 crore. Cement production and dispatches during the quarter rose by 14%, as against all India demand growth of 6% only. Operating profit grew by 21%.
Reliance Infra net at Rs. 362 crore
Despite a robust operating income, the September (Q2)quarter consolidated net profit of Reliance Infrastructure remained flat due to foreign exchange losses of Rs .57 crore, initial losses in Delhi Metro project and delay in other infrastructure projects achieving break even.
The net profit for the quarter ended September 30, 2011 was Rs. 362 crore against Rs. 360 crore in the year ago period. Income from operations rose by 40% to Rs. 5,549 crore against Rs. 3,967 crore last year on higher revenues from infrastructure businesses and EPC (Engineering, Procurement, and Construction) .
Revenues from EPC increased to Rs, 2,212 crore against Rs. 712 crore last year, revenues from infrastructure increased to Rs. 77 crore against Rs. 13 crore. Total income increased by 144% to Rs. 5,729 crore in the Q2.
Mumbai-based real estate builder, HDIL (Housing Development and Infrastructure Ltd)announced a 24% dips in net profit at Rs. 148 crore for the quarter ended September 2011. A year ago during the same period, the HDIL posted a net profit of Rs 196 crore.
Sametime, total income rose 14% to Rs. 450 crore from Rs. 395 crore in Q2, 2010.
Ramky Infra : Q2 net up 9%
Ramky Group's Infrastructure development company, Ramky Infrastructure reported a 9.43% increase in its net profit for the quarter ended September 30, 2011 at Rs 44 crore (Rs 40.38 crore).
The Company's net sales registered a 33.67% growth at Rs 757.48 crore.
Ramky Infra bagged projects worth Rs 940 crore during the September quarter, including construction of low cost housing at Bawana, Delhi, worth Rs 253.22 crore.
Shree Cement net triples
Shree Cement's's net profit more than tripled to Rs. 38 crore for the quarter ended September 30, 2011, as against Rs. 11 crore during same period last year. Reason ;Riding on higher sales, rise in cement realisation and better cost control measures.
Net sales grew by 19% to Rs. 855 crore. Cement production and dispatches during the quarter rose by 14%, as against all India demand growth of 6% only. Operating profit grew by 21%.
Reliance Infra net at Rs. 362 crore
Despite a robust operating income, the September (Q2)quarter consolidated net profit of Reliance Infrastructure remained flat due to foreign exchange losses of Rs .57 crore, initial losses in Delhi Metro project and delay in other infrastructure projects achieving break even.
The net profit for the quarter ended September 30, 2011 was Rs. 362 crore against Rs. 360 crore in the year ago period. Income from operations rose by 40% to Rs. 5,549 crore against Rs. 3,967 crore last year on higher revenues from infrastructure businesses and EPC (Engineering, Procurement, and Construction) .
Revenues from EPC increased to Rs, 2,212 crore against Rs. 712 crore last year, revenues from infrastructure increased to Rs. 77 crore against Rs. 13 crore. Total income increased by 144% to Rs. 5,729 crore in the Q2.
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