Second quarter results season for FY 2011-12 is going on in full swing. Most of the big IT companies are done with their results. While Infosys surprised positively, TCS proved to be a spoil sport. Let’s have a summarized view into other buzzing results performance:

HCL Tech reported below-expectation results for the quarter ended September 2011. HCL Technologies’ net profit dipped by 2.7% at Rs.497 crore and revenues came at Rs.4651 crore for its Q1 FY 2011-12.

Petronet LNG posted 98.5% jump in its net profit at Rs.260 crore for Q2 FY 2011-12, almost doubling up from Rs.131 crore profits a year ago. Total income for the latest quarter came in at Rs.5366 crore, logging a growth of 75% over last year figures.

Mindtree Q2 net profits grew 56.8% over the preceding quarter and 135% over a period earlier to Rs.54.5 crore. The IT and product engineering services company logged net sales of Rs.457 crore. Mindtree also crossed milestone of $100 million in annual revenue mark.

IndusInd Bank reported net profit for the second quarter at Rs.193 crore as against Rs.133 crore in the Q2 FY 2010-11. The total income of this private sector bank grew by 52% to Rs.1563 crore, from Rs.1029 crore in Q2 last fiscal. Net interest income for the quarter came in at Rs.419 crore.

IFCI net profits came in marginally lower at Rs.198 crore for the second quarter of the fiscal. The total income of the financial institution grew by 21.4% at Rs.743 crore, from Rs.612 crore in the corresponding quarter last year.

ING Vysya Bank posted above-expected surge in its net profits by 53% at Rs.115.4 crore in the July-September quarter this fiscal. Total income of the bank surged little less than a third at Rs.1095 crore from Rs.832 crore in the year-ago period.

NIIT Technologies Q2 net profit came in 5% higher at Rs.43.5 crore for the quarter ended September 30, 2011. Consolidated profits came in at Rs.45.8 crore. Consolidated revenues for the quarter grew from Rs.324.6 crore to Rs.381.1 crore in a span of one year.

(Visited 288 time, 1 visit today)

Leave a reply