Jet Airways swings back to profit, net at Rs.85 crore

"Improving yields and decrease in the cost per ASKM excluding fuel has helped to improve operating margins for the quarter," the airline said in a statement. On Friday, Jet's share closed almost flat at R622.65.

Subdued market hits TVS Motor Q3 profits

TVS Motor has reported a marginal fall in its net profit for the quarter ended December to R52 crore compared with R57 crore during the same quarter last fiscal. The revenue grew marginally to R1,799 crore compared with R1,775 crore during the same period last year.

The marginal drop in profitability has been due to a combination of several factors, including delayed monsoons, high interest rates, reduction in export incentives from 5.5% to 2% and investment behind brands apart from the overall subdued sentiment, said a press release on Friday.

Marico net rises 21% to Rs.104.55 crore

FMCG major Marico, makers of Saffola edible oil and Parachute hair oil, on Friday reported a 21% increase in consolidated net profit at R104.55 crore for the third quarter ended December, compared with R86.11 crore for the same period of previous fiscal.

It posted an increase of 10.9% in its net sales at R1163.99 crore, against R1,050.02 crore for the same period of 2011-12 fiscal. According to Marico, the current quarter results were not comparable to the corresponding figures of previous year as the current quarter includes the financial results of Marico Consumer Care.

Hindustan Construction narrows loss to Rs.38.5 cr

Hindustan Construction Corporation (HCC) narrowed its standalone net loss for the third quarter ended December, to R38.5 crore against R130 crore in the same quarter last year.

Total income surged by 7.5% to R1,021 crore against about R949 crore in the year-ago period. Operating margins during the quarter stood at 11.25%. The company's order backlog stood at R14,624 crore. The company's subsidiary Steiner posted revenues of R1,128 crore for the three month period to December 2012. The profit of Steiner in the same period was R13.5 crore. HCC's share price closed 3.09% up at R18.35 at BSE on Friday.

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