Hero Honda,Kotak, bank, Zee, Indiabulls Financials, Meritocratic Results thus far in Infra.

India's largest two-wheeler maker Hero Honda today reported a 13.46 per cent jump in net profit for the quarter ended June 30 to Rs 557.89 crore.The company had posted a net profit of Rs 491.69 crore for the April-June quarter last year, Hero Honda said in a filing to the Bombay Stock Exchange (BSE).
Total income during the first quarter this fiscal also soared by 32.68 per cent to Rs 5,771.74 crore from Rs 4,350.03 crore in the year-ago period, it added.
The company sold 15,29,577 vehicles in April-June, 2011, up 23.95 per cent from 12,34,039 units in the corresponding period a year ago.
Reacting to the numbers, shares of the company were trading 1.55 per cent higher at Rs 1,788.50 apiece on the BSE in the late afternoon today.
Commenting on the results, Hero Honda Managing Director and CEO Pawan Munjal said: "Our Q1 performance has set the outlook for coming quarters

Consolidated net profit of Kotak Mahindra Bankhas jumped 27% (YoY) in the first quarter of FY12. Consolidated net profit was at Rs 416 crore from Rs 327.7 crore in the year-ago period.

During the quarter, consolidated net interest margins came in at 5% while standalone net interest income (NII) jumped nearly 18% to Rs 568 crore from Rs 483 crore year-on-year.

Gross non-performing assets (NPA) declined 1.59% against 2.79% in the pervious quarter last fiscal. Even net NPA dipped 0.54% from 1.19% in the year-ago period.

                                           

Zee Entertainment Enterprises’ missed analysts expectations as slow advertising sales and higher expenses dragged first quarter consolidated net profit down 13.3% from a year ago to Rs 130.16 crore.

The television broadcaster’s total revenue was up 3.1% year-on-year to Rs 698.3 crore as growth in subscription revenue offset some of the pressures from slow ad sales and a sharp drop in other sales and services.

Analysts on average had expected Zee Entertainment’s April-June net profit at Rs 143 crore on revenue of 752 crore.

While EBITDA fell 16.6% year-on-year to Rs 156 crore, operating profit margin in the quarter was at 22.3%.

Indiabulls Financial Services Ltd (IBFSL) on Thursday said it has posted a net profit after tax of Rs 222 crore for the first quarter ended June 30, up 66 per cent from Rs 133.58 crore in the same period last year. The net profit increased due to sustained momentum in home loans segment, a company statement said.
Consolidated total revenues stood at Rs 840.20 crore in Q1 FY 12, a growth of 78 per cent from Rs 471.09 crore in the same period last year, it said.
During the quarter ended June 30, the profit before tax was Rs 300.70 crore, up 50 per cent from Rs 199.80 crore posted in the same period last year.

JSW Energy on Thursday reported a 54 per cent decline in its consolidated June profit at Rs 136.31 crore, bogged down by delays in power procurement by distribution licences as well as higher fuel costs.

The entity, which has an operational capacity of 2,030MW, had a profit of Rs 298.64 crore in the year-ago period. However, the company's consolidated revenues in the 2011-12 first quarter rose to Rs 1,272.44 crore from Rs 932.39 crore in the same period a year ago.
“The operational performance during the quarter was impacted mainly due to deferment of planned power procurement by distribution licences, onset of early monsoon and prolonged hearing on matter related to tariff fixation,” JSW Energy said in a statement. Fuel costs were higher at Rs 708 crore in the latest June quarter, primarily due to rise in generation volume, “firm up prices of imported coal and lower efficiency.”.JSW Energy refinanced...

Indian  Infrastructural companies keep the disappointing trail....... making it obvious march... in quarter.