L&T: On consolidated basis, the company posted 16 percent rise in profit at Rs 827 crore for the quarter ended 30 June as compared to Rs 746 crore year-on-year.The company’s sales also grew 26% to Rs 11,955 crore. The company’s stock fell by 1.12 percent to Rs 1374 on BSE
Idea Cellular: The company’s consolidated net profit was up 32.2 percent to Rs 234 crore compared to Rs 177 crore in the comparable period last year. Total Income has increased from Rs 4520 crore for the quarter ended June 30, 2011 to Rs 5503 crore for the quarter ended June 30, 2012. The company’s stock was down 1.65 percent to Rs 80 on BSE
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Dabur: The company’s net profit rose 17% year-on-year to Rs 149 crore as compared to Rs. 127 crore in the same period last year.Its consolidated net sales for April-June were up 21% to Rs 1,462 crore.The company’s stock was trading at Rs 118, up by 0.13 percent on BSE.
**Colgate Palmolive:**Colgate Palmolive’s first quarter net profit rose 17% year-on-year to Rs 117 crore and its net sales in April-June were up 20% to Rs 736 crore. The stock was marginally down by 0.60 percent at Rs 1167 on BSE.
Indian Bank: The bank ’s first quarter net profit rose nearly 14% year-on-year to Rs 462 crore. Net income or increased by 12% to Rs 1,153 crore. The stock was up 3.32 percent to Rs 190 on BSE.
Cairn India: Cairn India net profit jumped by 40.32 percent to Rs 3,826 crore for the June quarter led by huge forex gains. Its consolidated net forex gain stood at Rs 866 crore against Rs 3 crore a year ago. Meanwhile, its topline increased by 19.6 percent to Rs 4,440 crore. The stock had closed down two percent.
Impact Shorts
More ShortsHUL: HUL ’s net profit grew higher than expected by 112.31 percent year-on-year to Rs 1,331.2 crore in the quarter ended June 2012, which was led by other income and exceptional items during the quarter. Analysts had expected a net profit of Rs 710 crore for the quarter. Revenues increased 12 percent to Rs 6,250 crore from Rs 5,579 crore during the same period while analysts had forecast of Rs 6,279 crore.