Dalal Street

OnMobile Global Ltd has announced the following Unaudited results for the quarter ended December 31, 2008:

The results for the Quarter ended December 31, 2008

The Company has posted a net profit of Rs 204.20 million for the quarter ended December 31, 2008 as compared to Rs 108.20 million for the quarter ended December 31, 2007. Total Income has increased from Rs 578.40 million for the quarter ended December 31, 2007 to Rs 947.00 million for the quarter ended December 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended December 31, 2008

The Group has posted a net profit of Rs 276.40 million for the quarter ended December 31, 2008. Total Income has increased is Rs 1236.90 million for the quarter ended December 31, 2008.

For the week ending 17 Jan 09, headline inflation (the wholesale price index, WPI) rose to 5.64%.

Food grains, cereals, vegetables and other food articles moved up. On the other hand, pulses, condiments, spices, eggs, meat, fish, oilseeds, non-food articles, fibers and minerals fell.

For the first time after Jul 08, mineral oil (petroleum product) prices rose w-o-w. The government announced a cut in administered fuel prices (petrol by Rs5, diesel by Rs2 and LPG by Rs25/cylinder). This would further dampen overall inflation.

Prices of manufactured products such as food products, beverages and chemicals, and metal products rose. Whereas edible oils, non-metallic products, machinery and transport equipment fell. Lack of price update in WPI for malt liquor during FY09 so far (41 weeks), resulted in a 25% jump in these prices, while there was a surprise 23% w-o-w jump in turpentine, synthetic resins and plastic materials.

Blue Star Ltd has announced the following Unaudited results for the quarter ended December 31, 2008:

The Company has posted a net profit of Rs 321.90 million for the quarter ended December 31, 2008 where as the same was at Rs 354.40 million for the quarter ended December 31, 2007. Total Income is Rs 5668.20 million for the quarter ended December 31, 2008 where as the same was at Rs 5149.90 million for the quarter ended December 31, 2007.

The results of the quarter ended December 31, 2008 include the results of the Electrical Contacting business acquired from Naseer Electricals Pvt. Ltd. on January 24, 2008 and to that extent are not comparable with the results for the quarter ended December 31, 2007.