New Delhi:New Delhi Television Ltd (NDTV) announced a 33% jump in its revenues in the quarter ended December over the same period last year. The company, which runs television channels NDTV 24X7, NDTV India and NDTV Profit, said its stand-alone revenues stood at Rs89.5 crore in the third quarter against Rs67.5 crore in the same period of the previous year.
While the net profit stayed put at Rs7 crore, operating profits saw a marginal decline from Rs18 crore in the quarter ended December 2006 to Rs17.9 crore. The broadcaster’s consolidated revenues rose 37% to Rs108.5 crore from Rs79.4 crore. The company launched new channels including NDTV Lifestyle and NDTV Metropolitan in 2007. Shares of NDTV closed at Rs462 each on the Bombay Stock Exchange, up 11%.
- Staff Writer
Indiabulls Financial posts Q3 profit
Mumbai:Indiabulls Financial Services Ltd on Thursday released its earnings results for the third quarter ended 30 December.
The firm’s consolidated total revenues in Q3 were up 98% to Rs661.3 crore, compared with Rs334.5 crore in the year-ago period. Profit after tax went up by 120% to Rs246.4 crore, compared with Rs111.8 crore in Q3 of fiscal 2007. Earnings per share (EPS) were also up 77%, to Rs9.69. The figures are consolidated results for the firm, which now has demerged from Indiabulls Securities Ltd.
If Indiabulls Securities earnings in this Q3 are taken out, then the total revenues of Indiabulls Financial Services rose 98.1% to Rs453.5 crore, compared with Rs228.9 crore in the like quarter of fiscal 2007, and an 80.4% increase in profit to Rs163.9 crore this quarter, against Rs90.9 crore in the year-ago period.
- Staff Writer
Orchid Chemicals net jumps 91% on US sales
Mumbai: Drug maker Orchid Chemicals and Pharmaceuticals Ltd on Thursday said it had posted a 91% jump in quarterly net profit, driven by robust sales of cephalosporin antibiotics in the US. For the December quarter, the Chennai-based drug firm reported a net profit of Rs54.12 crore on a total income of Rs333 crore.
“The third quarter has emerged as one of our strongest quarters,” managing director Raghavendra Rao said in a statement. “Our niche product basket in the US market ... continued to accelerate our earnings positively.”
Orchid’s US generics business more than doubled to Rs177 crore during the third quarter compared with a year earlier, a company spokesman said.
Orchid shares, which touched a new year-high of Rs328 ahead of the results, closed on Thursday at Rs314.95, up 2.36% on the Bombay Stock Exchange.
HT Media net profit up 10% in third quarter
Mumbai:HT Media Ltd on Thursday reported a 10% rise in net profit in the quarter to December as compared to a year ago on the back of a growth in ad revenue.
The company, which publishes Mint, ‘Hindustan Times, and Hindi daily Hindustan reported a net profit of Rs36.9 crore on net sales of Rs320 crore in the quarter. Sales rose 16%.
“Our performance during the quarter has been encouraging with ad revenues growing well ahead of the industry,” vice-chairperson Shobhana Bhartia said in a statement.