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Indian mid-cap firms are on course to post higher profits in the last quarter of FY11, despite an increase in prices of raw materials such as crude oil and steel, as volume growth and robust demand keep revenue momentum buoyant.
According to the latest updates, direct tax collections for FY11 grew at 20% at Rs 4.19 lakh crore, while collections for the last year stood at Rs 3.5 lakh crore, reports CNBC-TV18 quoting finance ministry sources.
Cox & Kings has reported consolidated a net profit at Rs 23 crore for the quarter ended December 2010 as against Rs 19.3 crore in same period the previous year. Consolidated revenues increased to Rs 108 crore from Rs 78.9 crore.
Oil and Natural Gas Corporation (ONGC) Q3 net profit was up by 131% to Rs 7083 crore versus Rs 3054 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 1,164 and an intraday low of Rs 1,141.80. At 09:26 hrs the share was quoting at Rs 1,162, up Rs 26.40, or 2.32%.
In an interview with CNBC-TV18’s Latha Venkatesh and Anuj Singh, Mehul Choksi, CMD of Gitanjali Gems spoke about the latest happenings in their company and the road ahead.
In an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, Rajiv Goel, CFO of ISMT, the company with a 'buy' rating by Sharekhan, spoke about the recent happenings in this company and the road ahead.
Hero Honda sells a record 5 lakh units in December 2010. It also crossed the 5 million mark in the calendar year 2010. The total sales for Q3 in FY11 stands at 1.4 million units.
