HDIL – Company has 1 million square feet of TDR as stock in trade

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Highlights- The company posted extremely disappointing set of numbers during the third quarter ended December 2008 with the revenue falling by 37% to Rs 313.79 crore as compared to the corresponding quarter of the previous year. The company follows a project completion method of accounting rather than the other methodology. So the sales are booked … Read more HDIL – Company has 1 million square feet of TDR as stock in trade

Tata Chemicals – 30% demand contraction of Soda ash in China

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Highlights- The consolidated top-line of the company during the third quarter ended December 2008 increased by 106% to Rs 3,510.01 crore as compared to the same period last year. During the quarter the company incurred notional forex loss of Rs 24.92 crore on account of restatement of borrowings. This is due to unrealized exchange loss … Read more Tata Chemicals – 30% demand contraction of Soda ash in China

Shoppers’ Stop – Retail Challenges Ahead

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Financial Performance For the quarter ended December 08, Shoppers’ Stop has clocked 14% growth in total income from operations to Rs 353.68 crore with the help of other income from operations of Rs 9.69 crore.OPM improved by 120 bps with the cost cutting measures taken by the company, leading Operating profit growth of 48% to … Read more Shoppers’ Stop – Retail Challenges Ahead

UTV Software Communications – Revenues of Rs 650-660 crore for FY09

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UTV Software Communications (UTV) held a conference call to discuss the third quarter results and future prospects of the Company. Mr Ronnie Screwvala, Chairman and CEO addressed the call. Highlights of the call For the quarter ended December 2008, UTV reported 30% growth in operating revenues at Rs 160.20 crore with OPM down 1290bps at … Read more UTV Software Communications – Revenues of Rs 650-660 crore for FY09

Zylog Systems to invest Rs 24.90 crore in its subsidiary

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Zylog Systems’ Board at its meeting held on January 30, 2009, had approved the investment in the Equity shares of its 100% subsidiary Zylog Systems (India) aggregating to Rs 24.90 crore towards the WIFI Projects, which is well within the permissible limit of the Companies Act, 1956. The board also approved the proposal of availing … Read more Zylog Systems to invest Rs 24.90 crore in its subsidiary