Govt approves Vodafone's Hutch Essar buy - official
Fri Apr 27, 2007 7:33 PM IST
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UTV Software Communications Ltd. on Friday reported a nearly 200 percent surge in consolidated profit after tax for January-March, which included a writeback of deferred tax for 179.9 million rupees.
Profit after tax was 197.5 million rupees from 66.4 million rupees a year ago, while total revenue for the same period fell almost 52 percent to 414.4 million rupees.
"It's down from the previous year because that depends from movie to movie. We had 'Rang De Basanti' (last year). It is not easy to get another 'Rang De Basanti' the next year," Chief Executive Officer Ronnie Screwvala said.
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Ranbaxy Laboratories, top drug maker by sales, reported an above-forecast 79 percent rise in quarterly net profit and raised its 2007 sales growth forecast to 20 percent.
New Delhi-based Ranbaxy, which bought eight firms last year to expand its global operations, said on Friday that sales in Europe rose 78 percent to $93 million, while U.S. sales stagnated at $86 million.
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Bharti Airtel Ltd., India's top mobile services firm, said on Friday its quarterly net profit almost doubled, beating forecasts, as its user base surged in the world's fastest growing mobile market.
Bharti, 30.8 percent owned by Southeast Asia's top phone firm SingTel, said net profit rose to 13.53 billion rupees in its fiscal fourth-quarter ended March from 6.82 billion rupees reported a year ago.
A Reuters poll of 10 brokerages had forecast a net profit of 12.11 billion rupees for the New Delhi-based firm, which had 39.02 million subscribers at end-March.
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Indian annual inflation at 6.09 pct on April 14
Fri Apr 27, 2007 7:33 PM IST
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UTV Software Communications Ltd. on Friday reported a nearly 200 percent surge in consolidated profit after tax for January-March, which included a writeback of deferred tax for 179.9 million rupees.
Profit after tax was 197.5 million rupees from 66.4 million rupees a year ago, while total revenue for the same period fell almost 52 percent to 414.4 million rupees.
"It's down from the previous year because that depends from movie to movie. We had 'Rang De Basanti' (last year). It is not easy to get another 'Rang De Basanti' the next year," Chief Executive Officer Ronnie Screwvala said.
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Ranbaxy Laboratories, top drug maker by sales, reported an above-forecast 79 percent rise in quarterly net profit and raised its 2007 sales growth forecast to 20 percent.
New Delhi-based Ranbaxy, which bought eight firms last year to expand its global operations, said on Friday that sales in Europe rose 78 percent to $93 million, while U.S. sales stagnated at $86 million.
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Bharti Airtel Ltd., India's top mobile services firm, said on Friday its quarterly net profit almost doubled, beating forecasts, as its user base surged in the world's fastest growing mobile market.
Bharti, 30.8 percent owned by Southeast Asia's top phone firm SingTel, said net profit rose to 13.53 billion rupees in its fiscal fourth-quarter ended March from 6.82 billion rupees reported a year ago.
A Reuters poll of 10 brokerages had forecast a net profit of 12.11 billion rupees for the New Delhi-based firm, which had 39.02 million subscribers at end-March.
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Indian annual inflation at 6.09 pct on April 14
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