Asahi India Glass today posted over five fold increase in net profit at Rs 13.36 crore for the quarter ended December 31, as against Rs 2.48 crore in the corresponding period last fiscal.
The company said its total sales increased by 46.35 per cent at Rs 219.84 crore in the third quarter as compared to Rs 150.21 crore in the same period previous year.
Consolidated net profit witnessed over four fold increase at Rs 13.92 crore for the third quarter ended December 31, as against Rs 2.89 crore in same period last year it said.
Total consolidated sales during the quarter grew by 47.62 per cent at Rs 226.15 crore as compared to Rs 153.19 per cent for the same period in the previous year.
Net profit of AIS for the period of nine months increased by 71.72 per cent at Rs 33.16 crore as compared to Rs 19.31 crore in last fiscal.
The company's total sales for the first nine months of this fiscal grew by 21.62 per cent at Rs 629.99 crore as against Rs 518.01 crore during last fiscal.
The consolidated net profit of the company stood at Rs 34.75 crore for the period of nine months and grew by 78.66 per cent as compared to Rs 19.45 crore in the previous year for the same period.
Gross consolidated sales increased by 23.32 per cent at Rs 647.60 crore as against Rs 525.10 crore for nine months period last year.
Indo-Australia committed to resolve agri-trade issues
Publish Date : 3/3/2007 7:21:00 AM
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.
RBI to absorb more liquidity to contain inflation
Publish Date : 3/3/2007 7:11:00 AM
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.
Gold and Silver prices turn distinctly weak
Publish Date : 3/3/2007 7:03:00 AM
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.
Further fall in gold and silver prices
Publish Date : 3/2/2007 7:06:00 AM
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.
Rupee ends marginally up at 44.26/27 a dollar
Publish Date : 3/2/2007 7:03:00 AM
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.
Hyundai domestic sales up 74 pc in Feb
Publish Date : 3/2/2007 7:01:00 AM
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.
Hutchison Telecom files caveat fearing legal move by Essar
Publish Date : 3/2/2007 6:59:00 AM
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.
Skoda slashes car prices up to Rs 24,000
Publish Date : 3/2/2007 6:56:00 AM
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.
Bond prices continue to decline
Publish Date : 3/1/2007 8:30:00 AM
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.
India should be more conscious of global developments: RBI
Publish Date : 3/1/2007 8:19:00 AM
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.
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