Here is a quick wrap up of some of the first quarter (June 2012) results announced today :
Wipro: The consolidated net profit of the third largest IT services company rose 18 percent to Rs 1,580 crore in April-June while net sales stood at Rs 10,619.6 crore. The stock of the company closed nearly 3 percent down at Rs 346.65 on BSE.
Lupin: Drug major Lupin’s consolidated net profit rose by 33.46 percent to Rs 280.4 crore and its net sales rose to Rs 2,219.2 crore as compared to Rs 1,543.2 crore during the same period of previous financial year. Shares of the company gained 2 percent and closed at Rs 582 on BSE.
Essar Ports: Ruias-promoted Essar Ports reported 73 percent rise in net profit at Rs 68.5 crore and its revenue rose by 18 percent to Rs 330.3 crore from Rs 278.5 crore, year-on-year. The stock closed at Rs 98, up by 0.72 percent higher.
LIC Housing Finance: LIC Housing Finance ‘s net profit dropped more than 11% year-on-year to Rs 228 on high interest costs. Total Income increased from Rs 1418 crore for the quarter ended June 30, 2011 to Rs 1767 crore for the quarter ended June 30, 2012. The stock closed at Rs 251 up by nearly 3 percent on BSE.
Ashok Leyland: Hinduja flagship firm Ashok Leyland today posted 22.39 percent decline in its net profit to Rs 66.94 crore for the quarter. The net income went up by 19.69 percent to Rs 3,007 crore from Rs 2,513 crore, year-on-year. The company’s stock closed 2 percent lower at Rs 23 on BSE.
With inputs from Agencies