Tata Steel strikes 22 per cent profit in first quarter

RCOM net up 23.9%

Mumbai: With the subscriber base growing sharply, Reliance Communications (RCOM) of the Anil Ambani group has reported a 23.9 per cent jump in its first quarter net profit at Rs 1,512 crore as against Rs 1,220 crore and announced plans to invest over Rs 25,000 crore in the current fiscal. It posted a revenue growth of 23.7 per cent at Rs 5,322 crore against Rs 4,304 crore.

DLF profit soars 23%

New Delhi: DLF Ltd, the country’s largest real estate firm, today reported a 23 per cent increase in its consolidated net profit at Rs 1,863.97 crore for the quarter ended June 30, against Rs 1,515.48 crore in the year-ago period. The consolidated revenue rose by 23.24 per cent at Rs 3,846.34 crore for the first quarter of the 2008-09, against Rs 3,120.98 crore in the corresponding period of last fiscal, DLF said in a filing to the Bombay Stock Exchange. DLF shares today closed at Rs 509.30, up by 3.79 per cent on the Bombay Stock Exchange.

Suzlon net up two-fold

Mumbai: Wind power major Suzlon Energy today announced a net profit of Rs 39.38 crore for the first quarter ended June 30, a nearly two-fold jump over the same period a year-ago on the back of rising order book position. The firm had a net profit of Rs 20.03 crore in Q1 of FY’08, Suzlon Energy informed the Bombay Stock Exchange.

Videocon net up 4%

Mumbai: Videocon Industries today announced a net profit of Rs 255.07 crore for the third quarter ended June 30, a 4.06 per cent growth from that in the corresponding period a year-ago. The firm had a net profit of Rs 245.11 crore in Q3 of FY’08.

Bharat Forge dips 49%

Mumbai, July 31 (PTI) Auto component maker Bharat Forge today announced a consolidated profit after tax of Rs 40.91 crore for the first quarter ended June 30, a 49.14 per cent growth over the corresponding period a year ago. The firm had a PAT of Rs 80.43 crore in Q1 of FY’08, Bharat Forge said in a filing to the Bombay Stock Exchange.