Mahindra Satyam's consolidated net profit jumped 73.2% to Rs 534.20 crore on 3% decline in revenue to Rs 1665.90 crore in Q4 March 2012 over Q3 December 2011. Earnings before interest, taxation, deprecation and amortization (EBITDA) rose 4.9% to Rs 291.60 crore in crore in Q4 March 2012 over Q3 December 2011. EBITDA margin improved to 17.5% in Q4 March 2012 from 16.2% in Q3 December 2011.

The sharp surge in bottom line was due to exceptional income (net) of Rs 109.40 crore in Q4 March 2012. Another reason for the surge in bottom line was tax credit of Rs 94.30 crore in Q4 March 2012 compared with tax outgo of Rs 79 crore in Q3 December 2011.

Commenting on the results, CP Gurnani, CEO, Mahindra Satyam, said, While the business world grapples with the looming uncertainties, we have been able to swim against the tide. This reflects our growing ability to straddle the complex task of maintaining the agility of a start up with the experience and maturity of a behemoth. Our customers and partners have endorsed this aspect and continue to invest in our competencies, as we step into our next three year transformation phase.

Jaypee Infratech's net profit rose 39.7% to Rs 349.30 crore on 28.8% growth in net sales to Rs 920.50 crore in % in Q4 March 2012 over Q4 March 2011.

Jaiprakash Power Ventures reported a net loss of Rs 6.78 crore in Q4 March 2012, compared with net profit of Rs 16.92 crore in Q4 March 2011. Net sales jumped 107% to Rs 292.88 crore in Q4 March 2012 over Q2 March 2011.

State Bank of India, Tata Steel and Coal India unveil FY 2012 results today, 18 May 2012.

Bajaj Holdings & Investment's (BHIL) consolidated profit after tax declined 27.7% to Rs 1679 crore in the year ended March 2012 (FY 2012) over the year ended March 2011 (FY 2011). The weak result was attributed to weak standalone results of the firm. Due to slowdown in market and depressed equity market conditions, opportunities for booking profit on investments were limited during the year under review, BHIL said. The profit on sale of investments declined sharply to Rs 86 crore in FY 2012 from Rs 707 crore in FY 2011, BHIL said in a statement.

BHIL is essentially a holding and investment company. During FY 2012, each of the underlying group companies performed well, given the challenging environment and difficult times for the businesses, BHIL said. The company's board declared dividend of Rs 25 per share for FY 2012.

Reliance Infrastructure said it will announce results for the year ended March 2012 (FY 2012) on 25 May 2012.

Texmaco Rail & Engineering has signed a joint venture agreement on 16 May 2012 with a French group-Touax Rail, a leading Lease Finance Company, having vast expertise in the business of leasing out freight cars (Wagons) etc. The joint venture is for entering into the business of wagon leasing, post receipt of relevant regulatory and statutory approvals, pursuant to recent opening up of Wagon Leasing by Railways under its Wagon Leasing Scheme.

Shares of importers may edge lower as the rupee hit a fresh record low against the dollar on Thursday, 17 May 2012. A weak rupee makes imports costlier.

Hikal said the Bombay High Court has approved the Scheme of Arrangement between Acoris Research (Acoris) and Hikal and their respective shareholders and creditors for demerger of Research Business Undertaking of Acoris (a wholly owned subsidiary of Hikal).