June 2011 Results Archives - indiabusinessview

NHPC’s results helped by prior period revenues

August 10, 2011August 20, 2014Editor

Hydro-power company NHPC’s revenues rose by 40% to Rs 1,431 crore during the June quarter (Q1), but this growth was chiefly due to prior-period revenues. Finalisation of tariff for earlier years led to Rs 275 crore being added to revenues in this quarter. Excluding that, growth would have been a more sedate 13.7%.

GE Shipping’s operating profit up by 4%, but 17% up sequentially

August 5, 2011August 20, 2014Editor

Great Eastern Shipping Co.’s operations in the June 2011 quarter (Q1) were affected by a slump in the global shipping market. Margins suffered as revenues grew at a lower rate than costs did.

Net profit (after minority interests) fell by 5.4%, despite higher other income and lower interest costs, which were offset by depreciation and a higher tax incidence.

Thermax’ sales growth helps overcome margin drop

July 22, 2011August 20, 2014Editor

Engineering company Thermax reported its June quarter results on Friday. Its results, which was for the first quarter of fiscal 2011-12, were better than expectations. Its share price rose by 2%, while the market was up by 1.6%.

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