Nicholas Piramal Q4 net at Rs 132 crore, Marico up 50%

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: Nicholas Piramal India Ltd has posted a consolidated net profit of Rs 132.82 crore for the quarter ended March 31, 2008 where as the same was at Rs 54.95 crore for the quarter ended March 31, 2007.

Total income is Rs 767.9 crore for the quarter against Rs 645.21 crore for the quarter ended March 31, 2007. It has posted a net profit of Rs 333.78 crore for the year ended March 31, 2008 against Rs 218 crore for the previous year. Total income is Rs 2878.91 crore for the year against Rs 2472.32 crore for the year ended March 31, 2007.

Indiabulls Fin posts 74.91% rise in profit

Indiabulls Financial Services Ltd has posted a 74.91% rise in net profit at Rs 119.8 crore for the quarter ended March 31, 2008, as compared to Rs 68.49 crore reported for the quarter ended March 31, 2007. The company has recorded a 219% increase in total income at Rs 463.73 crore for the quarter ended March 31, 2008, as compared to Rs 145 crore achieved during the previous corresponding period.

For the year ended March 31, 2008, the company has garnered a 149% rise in net profit of Rs 381.97 crore, as compared to Rs 153.1 crore recorded during the pervious corresponding period. The company has reported a 275% increase in total income at Rs 1,327.85 crore for the year ended March 31, 2008, as compared to Rs 353.74 crore recorded during the previous corresponding period.

The company has recommended a dividend of Rs 8.50 per equity share (425% on the face value of Rs 2 per equity share) for the financial year ended March 31, 2008

Idea Cellular Q4 net up

Idea Cellular Ltd has posted a consolidated net profit of Rs 276.69 crore for the quarter ended March 31, 2008 as compared to Rs 192.37 crore for the quarter ended March 31, 2007. Total revenue has increased from Rs 1319.45 crore to Rs 1985.26 crore. It has posted a PAT of Rs 1042.31 crore for the year ended March 31, 2008 against Rs 502.22 crore. Total revenue has increased from Rs 4387.33 crore to Rs 6737.45 crore for the year ended March 31, 2008.According to the statement, the company closed the year with a subscriber base of 24 million, 71% over the previous year end, reflecting an improvement in the national market share from 8.6 % to 9.4 %.

Marico posts Rs 1,907 crore in revenues

FMCG major Marico Ltd on Thursday reported a 50% increase in its net profit at Rs 169 core for the year ended March 31 as compared to Rs 113 crore during the previous fiscal. Marico turned in a revenue of Rs 1907 crore during FY 08.

Announcing the news, Milind Sarwate, chief-HR and Strategy said:" At 22%, it was another year of healthy growth over the previous year. This comprised 17% organic growth accompanied by 5 % inorganic growth. In fact, we have posted consistent growth in the last 34 quarters."The company declared a third interim dividend of 37 % on its equity share capital of Rs 60.9 crore.

Central Bank net falls 14.7% at Rs 127.20 cr

Central Bank of India has registered a 14.70% fall in its net profit at Rs 127.20 crore for the quarter ended March 31, 2008 as against Rs 149.13 crore profit earned during the corresponding period last year.

For the quarter, on year-on-year basis, operating profit declined by 4.51% at Rs 476.71 crore, net interest income reduced by 25.22% at Rs 538. 27 crore and net interest margin of the bank went down to 2.19 from 3.61 during the last quarter of the fiscal year 2006-07.

As on March 31, 2008, the net non-performing assets ratio of the bank was 1.45% and the capital adequacy ratio was 10.42%. CASA deposits increased by 15.05% to Rs 39,867 crore as on March 31, 2008 as against Rs 34,652 crore as on March 31, 2007. The net profit of the bank registered 10.47% growth at Rs 550.16 crore as on fiscal year ended March 31, 2008 as against Rs 498.01 crore net profit recorded in the financial year 2006-07.

HA Daruwala, chairperson and managing director, Central Bank of India said, "The latest CRR hike is expected to flush out Rs 550 crore from our bank. I do not expect any major policy announcement on repo or reverse repo rates by the RBI on April 29. We recorded a modest net profit of around 10% in the last fiscal year as we have adjusted Rs 875 crore at one go as per revised Accounting Standard-15. In the fourth quarter of the last fiscal year, our advances at over 10% interest rate galloped by Rs 15,000 crore and high interest deposits worth Rs 9,900 crore ot matured. So we faced a crunch and thus opted for high cost deposits that ultimately hit our net interest margins." Daruwalla said that Central Bank of India may go for a follow-up issue after July 2008.

Zensar Tech Ltd posts 19% growth

Zensar Technologies Limited has registered a 19%-growth in sales to Rs 204 crore for Q4 of 2007-08 and a 25%-rise in net profit to Rs 21.54.

Consolidated revenues for 2007-08 grew 29% to Rs 782.93 crore while net profit grew 12 per cent to Rs 64.50 crore.

For 2008-09 Zensar has announced a guidance of Rs 82 crore PAT, which represents a 25% y-o-y growth. Ganesh Natarajan, deputy chairman and MD said that the strategy for revenue growth would be through wider and deeper penetration of Fortune 500 customers, new customer access through organic and inorganic expansion and tight management of utilization across our centres in Pune, Hyderabad and overseas have been successful. The company added 23 clients during the quarter. It has 4,483 employees as on March 31, 2008. The utilization level has reached an all time high of over 85 per cent. Zensar has won over $5million of new deals in Middle East and South Africa in the first three months of 2008 and is now targeting over ten percent of its total revenues from these fast growing segment of the market.

HCL Info reports Rs 3017.5 crore revenues for Q3 FY08

HCL Infosystems today reported consolidated revenues of Rs. 3017.5 crores for the quarter ended 31st March 2008 and profit after tax for the quarter was Rs. 81.5 crores. Revenue from the computer systems business during the quarter was Rs 841.4 crores and revenue from telecommunication and office automation business during the quarter was Rs. 2183.8 crores. Consolidated EPS for the quarter was Rs. 4.8 per share.