Financial results for the quarter ended September 2007
Apollo Tyres: Rs 51.10 crore net up
Apollo Tyres’s net profit surged 164 per cent to Rs 51.10 crore as compared to Rs 19.37 crore in the corresponding period last year.
The company’s total income has increased to Rs 847.80 crore in the quarter ended September 2007, as against Rs 767.50 in the same period in FY07.
AK Purwar, former chairman of State Bank of India, is the company’s new director.
Colgate-Palmolive: Net soars 137 per cent
Colgate-Palmolive posted a 136.7 per cent surge in net profit at Rs 54.7 crore, compared with Rs 23.1 crore in the corresponding quarter of the previous year. Total revenue increased by 13.36 per cent to Rs 383.4 crore during the quarter (Rs 338.2 crore).
Cadila Healthcare: Net up 13.7 per cent
Pharma major Cadila Healthcare posted a surge of 13.61 per cent in consolidated net profit of Rs 80.1 crore for the quarter, compared with Rs 70.5 crore for the corresponding previous quarter.
The consolidated total income rose 31.19 per cent to Rs 609.7 crore (Rs 475.1 crore), the company said in a communique to the Bombay Stock Exchange.
Century Textiles: Net slips 4 per cent
Century Textiles and Industries, part of BK Birla group, has posted a 4.21 per cent decline in net profit at Rs 71.64 crore, compared with Rs 74.79 crore in the corresponding previous quarter. Net sales grew 3.55 per cent to Rs 768.44 crore.
Dr Reddy`s: Net slips 4.5 per cent
Dr Reddy’s Laboratories reported a 4.5 per cent fall in quarterly net profit, a much smaller-than-expected drop due to strong sales of generics and a tax benefit.
The Hyderabad-based firm’s consolidated net profit fell to Rs 267.2 crore from Rs 279.8 crore a year earlier.
The year-on-year decline in profit for the quarter was contained by a one-time tax benefit of Rs 150 crore ($ 36.5 million) from a reversal of deferred tax liability related to Betapharm.
Dabur Pharma: Net jumps 22 per cent
Oncology speciality firm Dabur Pharma recorded a 22 per cent increase in net profit at Rs 8.54 crore compared with Rs 6.96 crore in the same period a year ago.
The company’s net turnover during the period was lower at Rs 63.6 crore, compared with Rs 95.43 crore in the corresponding period last year.
The company attributed the decline to the sale of non-oncology business of the company in April, 2007, and also due to the rupee appreciation vis-à-vis the US dollar.
D-Link India: Net up 13 per cent
Manufacturer of networking and communication products D-Link India posted a 13.33 per cent growth in its profit after tax of Rs 7.31 crore compared with Rs 6.45 crore in the previous corresponding quarter. Total income marginally increased to Rs 74.06 crore.
Gitanjali Gems: Net profit at Rs 22.5 crore
Gitanjali Gems posted net profit of Rs 22.5 crore as against Rs 22 crore in same quarter of last year.
Grasim Industries: Surged 4.7 per cent
Grasim Industries touched a 52-week high of Rs 4,074. At 10:10 am, the share is quoting at Rs 3,950, up Rs 177.40 at 4.7 per cent
It is trading with volumes of 4,973 shares. On Friday the share closed up 1.80 per cent at at Rs 3,772.60.
HCC: Profit rise by 179 per cent
Construction major Hindustan Construction Co. (HCC) announced a 179 per cent increase in net profit at Rs 11.63 core, compared with Rs 4.17 crore in the corresponding period last fiscal.
The company’s turnover has gone up by 29 per cent to Rs 549.05 crore, from Rs 425.66 crore. The company improved its operating margins to 11 per cent for the quarter compared with 9.4 per cent in the corresponding previous period.
HDIL: Net at Rs 229.4 crore
Realty firm Housing Development & Infrastructure (HDIL) has announced a net profit of Rs 229.37 crore and total revenue of Rs 481.72 crore for the quarter ended September 2007.
As the company was listed just a few months ago, in July, financial details of Q2FY07 are not available.
HPCL: Net profit down at Rs 853.1 crore
HPCL has registered standalone net sales of Rs 24,234.4 crore as compared to Rs 24,367.5 crore last fiscal. For the corresponding quarters, its net profit was down at Rs 853.1 crore as compared to Rs 1,221.9 crore, year-on-year.
ITC: Net profit up 13 per cent
India’s top tobacco firm ITC Ltd beat market forecasts with a 13 per cent rise in quarterly net profit, helped by strong growth in its packaged foods and hotels businesses.
ITC, 31.7-per cent owned by British American Tobacco Plc, also has interests in retail and information technology, and recently launched personal-care products.
i-flex: Net income down by 6.5 per cent
i-flex solutions, a leading provider of information technology (IT) solutions to the global financial services industry, saw net income dipping 6.5 per cent at Rs 87.4 crore, compared with Rs 93.5 crore for the corresponding quarter last year.
The company’s revenue (Indian GAAP) increased to Rs 575.8 crore (Rs 499.2 crore) for the quarter.
On quarter-on-quarter basis, i-flex recorded a 12 per cent top line growth at Rs 576 crore (Rs 513 crore). During the quarter, net income jumped 138 per cent to Rs 87.4 crore compared with Rs 36.7 crore for the trailing quarter.
Jindal Stainless: Net dips 57 per cent
Jindal Stainless posted a 56.91 per cent decline in net profit at Rs 41.81 crore, as compared with Rs 97.05 in the corresponding period last year.
Total income for the quarter also decreased to Rs 1,130.5 crore, as against Rs 1,150 crore in the previous corresponding period.
M&M: Net profit at Rs 286 crore
Mahindra & Mahindra (M&M) posted net profit of Rs 286 crore versus Rs 386.5 crore on year-on-year basis. During the corresponding quarters, its total income was at Rs 2,871.5 crore versus Rs 2,563.4 crore. Standalone net sales increased to Rs 2,802.3 crore from Rs 2,490.5 crore.
Nicholas: Net up 58 per cent
Riding on the booming contract manufacturing business, net profit of pharmaceutical company Nicholas Piramal grew 58 per cent to Rs 84.77 crore for the second quarter ended September 30, 2007, as compared with Rs 53.7 crore in the corresponding period last year. Consolidated net sales rose 16.8 per cent to Rs 764.57 crore from Rs 654.66 crore.
Reliance Capital: Net profit up 20 per cent
Anil Dhirubhai Ambani-owned Reliance Capital’s net profit has increased by 20 per cent to Rs 201.2 crore for the quarter ended September 30, compared with Rs 167.1 crore for same the quarter last year. The total income has increased by 76 per cent to Rs 391.2 crore for the quarter compared with Rs 222.8 crore in the year-ago period.
Reliance Life Insurance Company registered a 165 per cent rise in new business premium to Rs 650 crore for the first half of this year, against Rs 246 crore in the same period last year.
Reliance General Insurance Company registered 151 per cent growth with a gross premium of Rs 946 crore for the first half of the year, against Rs 378 crore last year.
– Compiled by Ranjan Kaplish