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Biocon came out with the financial results for the quarter ended March’09 and held a tele conference call on 28th April’09 to discuss the performance as well as future course of actions. The following are the key takeaways from the meet are as follows. The consolidated net sales for the quarter ended March’09 posted a … Read more Biocon – Capex for FY’10 would be around Rs 100 crore
Highlights of the concall The net sales for the quarter increased 25% Y-o-Y to Rs 457.58 crore. The OPM for the quarter improved 60 bps to 23.3% on the back of significantly higher sugar prices on Y-o-Y while PAT at the end stood 10% higher at Rs 37.77 crore. Sugar operation achieved turnaround during the … Read more Triveni Engineering sugar inventory of 3,42,000 tonne
Highlights of the concall During Q2 FY09 the net sales of the company grew 15% Y-o-Y to Rs 357.11 crore mainly on the back of higher sugar prices. The OPM for the quarter slipped from 43.2% to 36.7% on Y-o-Y, though was notable considering the past down cycle and performance of industry pees and PAT … Read more Balrampur Chini Mills Expects a structural change in sugar prices
The BPO arm of Wipro Technologies is planning to induct 1,200 new employees at its Hyderabad unit in next six months. The unit has current bench strength of around 3,000. The new recruitments will be mainly from Andhra Pradesh and the rest from other states in south and north India and 40% of employee’s salaries … Read more Wipro BPO Hiring 1,200 at its Hyderabad facility
Man Industries, one of the leading manufacturers of large diameter pipes in India, has has emerged as winner for a prestigious order from the Middle East for Rs 1,340 crore. The order will be completed in this financial year. The company has also emerged as lowest bidder for the orders worth Rs 1,100 crore in domestic … Read more Man Industries wins prestigious order from Middle East
Bharti Airtel board in its meeting held on April 29, 2009 have approved sub-division (share split) of existing equity shares of Rs. 10/- (Ten) each into 2 (two) equity shares of Rs. 5 (Five) each, subject to the approval of its shareholders. Board of Directors of Bharti Airtel has recommended a final dividend of Rs.2.00 … Read more Bharti Airtel Stock Split + Dividend