Results Update

Idea Cellular, India's sixth-largest mobile operator, said on Thursday
its quarterly net profit rose 45 per cent, boosted by an expanding
user base in the world's fastest-growing wireless market.

Idea, part of conglomerate Aditya Birla Group, said its net profit for
the January-March quarter rose to 2.78 billion rupees ($69 million)
from 1.92 billion a year earlier.

Total revenue rose to 19.85 billion rupees from 13.19 billion in the
year-ago quarter.


Private sector lender HDFC Bank today posted a net profit of Rs 471.1
crore for the quarter ended March 31, 2008, up by 37.1 per cent from
Rs 343.57 crore in the corresponding quarter last year.

The bank earned a total income of Rs 3,505.5 crore for the quarter as
against Rs 2,321 crore in the corresponding quarter, an increase of
51.2 per cent, the bank said here in a release.


Container Corporation of India Ltd (CCI) posted a net profit of Rs
202.98 crore for the fourth quarter ended March 2008, showing an
increase of 19.90% as against Rs 169.24 crore during the same quarter
in 2007.

Total income for the quarter has increased to Rs 953.10 crore from Rs
841.92 crore in the year-ago period.

For the year ended March 2008, the company recorded a net profit of Rs
757.09 crore as compared with Rs 703.82 crore last year. Total revenue
for the year has increased to Rs 3,500.20 crore from Rs 3141.94 crore
during previous fiscal.


Cement maker ACC Ltd on Thursday reported a 1.6 per cent fall in
quarterly profit, beating analysts' forecast for a bigger decline.

The Mumbai-based company, 41 per cent owned by Swiss cement maker
Holcim, said net profit for the March quarter fell to Rs 358 crore
($89 million) from 3.64 billion reported a year earlier.

Net sales rose to Rs 1796 crore in its fiscal first quarter from 16.75
billion in the year-ago quarter.

A Reuters poll of 11 analysts had forecast a 12.5 per cent fall in net
profit to Rs 318 crore on sales of 18.61 billion.

ACC has an annual cement making capacity of 19.9 million tonnes,
making it India's single biggest cement maker. Grasim Industries has
14.1 million tonnes capacity, and its unit UltraTech Cement has 17
million tonnes


Indiabulls Financial Services has declared its fourth quarter results.
The company's Q4 net profit was up at Rs 189 crore versus Rs 120.9
crore, YoY.

Its revenues at Rs 581.8 crore versus Rs 306.6 crore, YoY.


Hindustan Zinc Ltd has announced the following Audited results for the
quarter & year ended March 31, 2008:
The results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 1278 crore for the quarter
ended March 31, 2008 as compared to Rs 935 crore for the quarter ended
March 31, 2007. Total Income has increased from Rs 2095 crore for the
quarter ended March 31, 2007 to Rs 2592 crore for the quarter ended
March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 4396 crore for the year
ended March 31, 2008 as compared to Rs 4442 crore for the year ended
March 31, 2007. Total Income has decreased from Rs 8791 crore for the
year ended March 31, 2007 to Rs 8729 crore for the year ended March
31, 2008



Hyundai Motor Co on 24 April posted a 28% rise in quarterly net profit
but the result missed forecasts by a wide margin as rising raw
material prices offset higher sales fuelled by a weaker won.

South Korea's top auto maker with affiliate Kia Motors Corp is the
world's No.6 auto maker by sales volume, posted a first quarter net
profit of 392.7 billion won ($395.8 million), widely missing a 559.2
billion won forecast by 10 analysts in a Reuters poll.
That compares with a 307.4 billion won net profit a year ago and a 338
billion won net profit in the fourth quarter of 2007.

A softer won and new factories in China and India are expected to lift
Hyundai's earnings this year, although higher oil and raw materials
prices may hurt, analysts said.
Demand for more upmarket models such as the new Genesis sedan is also
likely to bolster overall sales, especially in the higher-margin
domestic market, of which Hyundai controls half.
Reflecting the optimism, shares in Hyundai, valued at around $18.4
billion, rose some 10% during the January-March period, easily
outperforming a 10% fall in the broader market ($1=992.2 Won)