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        Accel Frontline Ltd, a joint venture between the Chennai-based Accel Ltd and Frontline Technologies Corporation, Singapore has posted a consolidated net turnover of Rs 55.41crore in the quarter as against Rs 42.97 crore during the corresponding quarter of the previous year, registering a growth of 29 per cent. The EBIDTA went up by 42 per cent to Rs 6.92 crore against Rs 4.88 crore during the corresponding period last year. The Profit Before Tax was up 62 per cent at Rs 4.52 crore against Rs 2.79 crore and net profit improved by 41 per cent to Rs 3.04 crore against Rs 2.17 crore for the same period last year. N R Panicker, chairman and CEO said, 'We are pleased to report a good quarterly performance on a normally slow first quarter for the domestic IT industry. With our continued focus on IT Infrastructure Management and Enterprise Software Services we are confident that the growth momentum will continue in the coming quarters and will ensure steady growth in turnover and profitability.'

        Core Projects and Technologies Ltd, an IT solutions company, has shown excellent results for Q1. The company's consolidated net sales have jumped up by a notable 111.72 per cent y-o-y and by 583.56 per cent on a stand alone basis. The consolidated net profit too, has increased remarkably by 159.84 per cent y-o-y and 637.16 per cent on a stand alone basis. The basic EPS consolidated stands at Rs 7.41, annualized.

        The consolidated income from all its operations in the first quarter of the financial year 2008 has increased to Rs 61.57 crore as compared to Rs 29.08 crore in the first quarter of the previous financial year. The consolidated net profit has more than doubled at Rs 12.92 crore this year; as compared to Rs 4.97 crore during the same period last year.

        Sterlite Industries (India) Ltd's consolidated revenue and net profit for Q1 were Rs 61,391 million and Rs 16,829 million, an increase of 33 per cent and 38 per cent, respectively, over the corresponding period last year. Commenting on the results, Anil Agarwal, executive chairman Vedanta Resources said, 'Our project pipeline is unique in our industry as is our proven ability to deliver organic growth. Our performance reflects this growth primarily driven by new capacities across all our businesses.' Sales volumes were largely in-line with the production volumes during the quarter and the costs too were largely stable. The increase in revenues and EBITDA, as compared to the corresponding prior quarter, was primarily on account of higher volumes from the new Korba smelter and better LME prices partially offset by appreciation of the Indian rupee against the US dollar. EBITDA was higher in the preceding quarter due to additional sales of inventory which had built up during the course of last year.

        Shriram City Union Finance Ltd has recorded a topline at Rs 349 crore while net profit was Rs 51.62 crore. The company registered EPS of Rs 16.48 for the year ending March 2007, post infusion of the equity share capital (March 2006- EPS Rs 10.91). The company had allotted 120 lakh equity shares for cash on preferential basis at the rate of Rs 160 per share (including a premium of Rs 150 per share) to three foreign companies during December 2006. The company had a capital adequacy ratio of 23.95 per cent as at March 2007. Also Fitch Ratings India Pvt Ltd, has upgraded the credit ratings. The revenues for the first quarter ended 30 June 2007 surged by 106 per cent to Rs 129.58 crores as against Rs 62.90 crore of the same period previous year. The company had disbursed Rs 758.69 crore during the first quarter.