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Editor's Desk High Lights of the call are: Core business (Textile) profitability has improved in the current quarter period. Focus on cost improvement initiatives has also yielded significant gains during the quarter. Net sales witnessed a growth of 3% largely due to improvement in realizations by 11% reflecting the brand strength of the company. The company has … Read more Raymond – To open more stores in Tier 4 and Tier 5 cities
TVS Motor Company witnessed a 12.91% rise in its motorcycle sales during January to 43,990 units as against 38,961 units in the January 2007. The company’s two-wheeler sales stood at 93,729 units in the month as against 93,385 units in the January 2007. Two-wheeler exports saw a growth of 6.81% to 14,000 units in January … Read more TVS Motor witnesses 12.91% rise in its motorcycle sales in Jan’09
GTL Infrastructure (GIL) is planning to triple its telecom towers from current 8,300 to 25,000 by March 2011 for an investment of $2 billion. The network services provider is planning to take the number of towers up to 11,000-12,000 by the end of this calendar year. The funding for the same is to be done … Read more GTL Infra to triple the number of telecom towers by 2011
Suzlon Energy, the wind energy major after recently suspending plans to raise Rs 1,800 crore by way of a rights issue, is now planning to raise money through an ADR issue and/or a preferential allotment. The company recently put in a request with foreign investment promotion board (FIPB) to raise funds through ADR preferential allotment … Read more Suzlon Energy to raise Rs 1,800 crore through ADRs
Highlights of the call For the quarter ended December 2008, on consolidated basis, NTL reported 22% sequential dip in operating revenues at Rs 148.40 crore. OPM dipped 360bps at 20.9%. Other Income surged at Rs 9.97crore against Rs 0.16 crore in the sequential quarter with depreciation charge up 13% at Rs 19.95 crore. Tax for … Read more Northgate Technologies Online Media Properties to drive revenues
Highlights of the call The management has seen slowdown in delivery of projects by realty players. In terms of footfalls, October was a slow month with footfalls down 13-14% on y-o-y basis. November was a better month with 3-4% growth on y-o-y basis until the Mumbai attacks. The first 15 days of December were bad … Read more PVR Pictures to produce 4-6 movies a year