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Reliance Infrastructure held a conference call to discuss quarterly and yearly results and future growth plans. Lalit Jalan, CEO & Whole Time Director addressed the conference call Highlights of the Call As on March 31, 2009, the net worth of the Company stood at Rs 11,907 crore (US$ 2.4 billion). Book value per share increased … Read more Reliance Infrastructure EPC order book position of Rs 20,625 crore
Highlights- The revenue during the quarter ended March 2009 increased by 46% to Rs 498.08 crore as compared to the same period last year. However the profitability was significantly impacted due to substantial increase in the power & fuel cost despite the coal prices stabilizing considerably. The PBT fell by 25% to Rs 54.32 crore … Read more Binani Cement Prices are expected to remain firm till monsoon
Ranbaxy Laboratories declared the results for the quarter ended March ’09 and held a tele conference call on 24th April’09 to discuss the financial performance as well as future plans. The key takeaways from the meet are as follows: Consolidated net sales for the quarter declined by 4% to Rs 1558.4 crore due to poor … Read more Ranbaxy Laboratories Expects revenue of Rs 7000 crore
Federal Bank is currently trading at Rs 189.70,up by 11.75 points or 6.60% from its previous closing on the BSE. The scrip opened at Rs 182 and has touched a high of Rs 189.80 with low remaining its opening price. So far 11,280 shares were traded on the BSE. The BSE group ‘A’ Bankex stock … Read more Federal Bank upbeat on merger talk with Catholic Syrian Bank
Crude prices gained for the third day in a row on Friday, despite contracting global demand and a huge reserves position. Worries that the US bank bailout will induce a wave of inflation sent money flowing into hard assets like oil. Benchmark crude for June delivery rose $1.93 to settle at $51.55 a barrel on … Read more Crude Speculators drive to $51.55 a barrel despite contracting demand
LIC Housing Finance (LHF) held its conference call on 24th April 2009 to discuss its Q4FY09 and FY09 results. Highlights LHF reported 30% growth in Income from operations to Rs 790.48 crore. With higher rise in interest expenses, the gross profit recorded a restricted growth of 21% to Rs 218.59 crore. The Net profit for … Read more LIC Housing Finance – Expects 25% growth in disbursements in FY10