Coal India’s latest September quarter numbers indicate that some of the issues that the company has been grappling with are being resolved gradually.
Coal India reported on Friday a 19% increase in quarterly profit, helped by strong sales and better prices, but narrowly missed market expectations.
Hawkins Cookers' growth over the last two years stagnated due to various issues such as labour strike at all its three plants.
The operational performance of its first project Rosa has been impressive in the last few quarters and this has been factored in the company’s current valuation.
The company sells power in the merchant market and in the second half of the fiscal it expects the merchant tariffs to remain stable.
Despite a muted revenue growth, margin expansion from improvement in the product mix helped Titan Industries to post better earnings in September quarter.
After disappointing last two quarters, the company reported sharp jump in profitability on sequential basis.
In the second quarter, NTPC posted a strong earnings growth of 29%, however its net sales grew only by 5%. It posted a net profit of Rs 3142 crore and net sales of Rs 16120 crore.
Margin expansion on the back of cost control & royalty income helped Talwalkars Better Value Fitness improve its net profit by 48% y-o-y.
Adani Power posted a loss of Rs 272 cr in the September 2012 quarter versus a profit of Rs 172.3 cr in the corresponding quarter previous year.
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