Intex Technologies eyes Rs.800 crore turnover

October 7th, 2009 KOLKATA - Crockery brand La Opala is gearing up to become a Rs.125 crore turnover company by 2011-12, a top company official said here Wednesday. "We will have a turnover of around Rs.100 crore this year, up from Rs.64 crore in 2008-09," Sushil Jhunjhunwala, managing director of La Opala RG Ltd, told reporters at a press meet to unveil its new Diva collection endorsed by Bollywood actress Bipasha Basu.

August 3rd, 2009 NEW DELHI - State-run telecom operator Mahanagar Telephone Nigam Limited's (MTNL) net profit nose-dived 63 percent in 2008-09 to Rs.211.7 crore from Rs.586.8 crore the previous fiscal. The public sector undertaking's turnover also fell 1.4 percent to Rs.5,250 crore in the period under review from Rs.5,329.9 crore the year before.

July 29th, 2009 CHENNAI - The city-based EID Parry (India) Limited closed the first quarter of the current fiscal with a marginal increase in its top line while its net profit rose dramatically by Rs.23.48 crore compared to the corresponding period of the previous year. The company, part of the diversified Murugappa group, on a standalone basis closed the first quarter with a turnover of Rs.205.34 crore and a net profit of Rs.34.89 crore, compared to Rs.203.80 crore and Rs.2.77 crore declared in Q1 the previous year.

July 29th, 2009 CHENNAI - Hinduja Foundries, part of the diversified Hinduja Group, has posted a net loss of Rs.10.44 crore in the quarter ended June 30 as against a profit of Rs.4.57 crore in the like period last year. The company's turnover for the first quarter stood at Rs.67.03 crore as compared to Rs.125.20 crore a year ago, a fall of 46 percent.

July 25th, 2009 CHENNAI - City-based engineering and infrastructure firm BGR Energy Systems has posted a net profit of Rs.20.23 crore for the quarter ended June 30 as against Rs.17.23 crore reported in the like period last year, a growth of 17 percent. The company's turnover during the period stood at Rs.311 crore as compared to Rs.306 crore in the April-June quarter last fiscal, BGR said in a statement.

June 2nd, 2009 MUMBAI - State-run oil refining and marketing major Hindustan Petroleum Co Ltd (HPCL) Tuesday reported 44.5 percent fall in consolidated net profit for 2008-09 at Rs.757.32 crore, down from Rs.1,364.1 crore recorded the year before. However, the overall turnover during the period marked an increase of 16.5 percent at Rs.129,978.82 crore, comparing to Rs.111,603.58 crore in 2007-08.

May 29th, 2009 NEW DELHI - State-run oil marketing company Indian Oil Corp (IOC) Friday recorded a 57 percent fall in its net profit for 2008-09 from the year before. The company said in a statement that its annual profit stood at Rs.2,949 crore as against Rs.6,962 crore recorded in 2007-08.

May 28th, 2009 MUMBAI - State-run Steel Authority of India Ltd (SAIL) Thursday reported an 18.1 percent drop in its net profit for 2008-09 at Rs.6,174.9 crore, down from Rs.7,536.7 crore recorded the year before. The turnover during the period slipped 9.9 percent to Rs.41,518.7 crore from Rs.46,110.7 crore in 2007-08.

May 28th, 2009 NEW DELHI - Auto major Mahindra and Mahindra (M&M) Thursday reported a 22.2 percent decline in its net profit for 2008-09 at Rs.858.7 crore, down from Rs.1,103.3 crore reported the year before. This is despite a 14.5 percent jump in the company's annual turnover to Rs.13,364.02 crore last fiscal from Rs.11,671.6 crore in 2007-08, the company said in a regulatory statement.

May 22nd, 2009 MUMBAI - Tobacco, FMCG and hospitality major ITC saw its net profit for 2008-09 increase 4.6 percent to about Rs.3,264 crore from Rs.3,120 crore earned the previous fiscal. The company's turnover similarly registered a 10.5 percent growth during the year to Rs.16,844 crore from Rs.15,245.3 crore in 2007-08, it said in a regulatory statement Friday.

April 27th, 2009 NEW DELHI - Construction and Infrastructure group Jaiprakash Associates Ltd Monday reported a 44.5 percent surge in its net profit for 2008-09 at Rs.881.22 crore from Rs.609.67 crore the previous fiscal. The company's turnover reflected a similar growth at 44.2 percent from Rs.3091.15 crore in 2007-08 to Rs.4,458.5 crore last fiscal.

April 24th, 2009 NEW DELHI - India's largest car maker Maruti Suzuki has logged almost 30 percent decline in its net profit for 2008-09 despite recording the highest ever turnover in the company's 27-year history. The company's net profit for the fiscal stood at Rs.1,218.74 crore ($244 million), down 29.6 percent from Rs.1,730.82 crore in 2007-08, an official statement said Friday.

April 2nd, 2009 ANAND - Gujarat Co-operative Milk Marketing Federation (GCMMF), which owns the Amul brand of dairy products, posted a turnover of Rs.6,705 crore (Rs.67.05 billion) in 2008-09, reflecting an increase of around 28 percent, the company announced Thursday in a statement. The federation's turnover has almost doubled over the last three years, the statement said, adding that the group turnover of GCMMF and its dairy 13 cooperatives, all members of the federation, has touched Rs.10,000 crore.

April 1st, 2009 BANGALORE - State-run defence behemoth Hindustan Aeronautics Ltd (HAL) posted a turnover of Rs.10,260 crore in 2008-09, registering a 19 percent increase year-on-year from Rs.8,625 crore, the company said Wednesday. 'With this record performance, we have met the memorandum of understanding (MoU) parameters signed with the defence ministry,' the company said in a statement.

February 26th, 2009 ANAND - The Gujarat Cooperative Milk Marketing Federation, better known for its brand name Amul, is looking at a turnover of Rs.65 billion this fiscal, a top official said here. 'The federation is looking at a turnover of Rs.6,500 crore (Rs.65 billion) for the fiscal riding on more milk production from more number of farmers,' said S.S.