KPIT Cummins – Sticks to Revenue Guidance

KPIT Cummins Infosystems held conference call to discuss the third quarter results for FY09 and future prospects. Mr Ravi Pandit, Chairman & Group CEO addressed the call. Highlights of the call The management is seeing clients asking for volume discounts. Though pricing is stable there is pressure. There are 2-3 clients who have seen dip … Read more KPIT Cummins – Sticks to Revenue Guidance

Reliance Capital – Liquidity crisis reduced consumer financing

Reliance Capital held its conference call on 20th January 2009 to discuss the company’s performance for nine months ended December 2008. Highlights RCL’s consolidated income from operations for the quarter ended December 31, 2008 increased to Rs 15.7 billion (US $ 323 million) from Rs 11.6 billion in the corresponding period previous year, registering a … Read more Reliance Capital – Liquidity crisis reduced consumer financing

Jet Airways – Struggling to Fly at breakeven

Jet Airways held a conference call to discuss quarterly and nine months ended results and future growth plans. Wolfgang Prock-Schauer, Chief Executive Officer (CEO), addressed the call. Highlights for quarter ended December 31, 2008 vs. December 31, 2007 Operational System-wide ASKMs of 8,114 million, up 23.2% System-wide RPKMs of 5,369 million, up 17.9% System wide … Read more Jet Airways – Struggling to Fly at breakeven

MindTree Consulting – Still Under EBITDA

MindTree Consulting (MindTree) held a conference call on 19th January 2009 to discuss third quarter of FY09 results and future prospects. Ashok Soota, executive chairman along with other senior management members addressed the call. Highlights of the call For the quarter ended December 2008, on consolidated sequential basis, operating revenues grew 17% at Rs 363.80 … Read more MindTree Consulting – Still Under EBITDA

Federal Bank – NRIs contribute 20% of Deposits

Federal Bank held its conference call on 19th January 2009 to discuss on the company’s performance for nine months ended December 2008. Highlights Federal bank for the third quarter ended Dec’08 reported 89% increase in Net interest income at Rs 384.59 crore. The 94% spurt in other income at Rs 164.81 crore took the growth … Read more Federal Bank – NRIs contribute 20% of Deposits