Apollo Tyres on Friday reported a huge jump in net profit to Rs 116.10 crore in the quarter ended March 31, 2010. The tyre maker had logged a net profit of Rs 46.10 crore in the quarter ended March 31, 2009, Apollo Tyre said in a statement. During the quarter, the company?s net sales surged 18% to Rs 1,312.7 crore from Rs 1,110 crore recorded in the corresponding period in financial year 2009-10. For the year-ended March 31, 2010, the company reported nearly five-fold jump in consolidated net profit to Rs 653.30 crore from Rs 139.10 crore posted in corresponding period in the previous year.

Asian Paints net doubles

Asian Paints on Friday posted a 98% increase in consolidated net profit at Rs 214.71 crore in the fourth quarter ended March 31, 2010, against Rs 108.4 crore in the same period last year. During the quaarter, the company saw a rise of 32% in consolidated net sales at Rs 1876.77 crore compared to Rs 1,422.57 crore in the same period in the previous year. For the full year, it posted a net profit of 110% at Rs 883.91 crore compared to Rs 419.48 crore in the previous year.

Glenmark back in black

Glenmark Pharmaceuticals Ltd (GPL) said the company?s consolidated net profit for the fourth quarter was Rs 102.6 crore as compared to a loss of Rs 1,20.7 crore for the previous corresponding quarter. Consolidated revenues for the quarter was Rs 709.15 crore against Rs 491.08 crore, an increase of 44 %. Revenue from the generics business was at Rs 273.28 crore, as against Rs 221.88 crore, a growth of 23%. The speciality formulation business revenue was at Rs 435.86 crore as against Rs 269.2 crore, a growth of 62%.

Voltas net at Rs 385 cr

Voltas Ltd on Friday has reported a growth of 51% in its consolidated net profit to Rs 384.56 crore for the year ended March 31, 2010, against Rs 254.54 crore last year. Net sales during the year stood at Rs 4,805.88 crore, up 11% as compared to Rs 4,325.90 crore in FY 2009. Meanwhile, the Voltas board has also approved an MoU between Mustafa Sultan Enterprises LLC, Muscat, Sultanate of Oman and Voltas for JV operations for execution of electro-mechanical (MEP) projects in Sultanate of Oman.

Fortis Health PAT up 5 fold

Fortis Healthcare on Friday said its consolidated profit after tax surged over five-folds to Rs 27.2 crore for the fourth quarter ended March 31. The company had posted a PAT of Rs 4.8 crore in the corresponding period previous fiscal, Fortis Healthcare said. Total income of the company increased by 90.75% to Rs 329.52 crore for the fourth quarter ended March 31 from Rs 172.75 crore in the same period last fiscal. Fortis, which has a network of 68 hospitals, said it is expecting to increase its bed strength by 1,200-1,500 by the end of the current fiscal.

BEML profit slides 16.8%

State-run BEML Ltd, engaged in manufacture of rail coaches, spare parts and mining equipment, on Friday said consolidated net profit declined 16.88% to Rs 224.49 crore in the year ended March 31, 2010. The company had a consolidated net profit of Rs 270.10 crore in the same period last fiscal, BEML said in a filing to the Bombay Stock Exchange. Consolidated net income increased to Rs 2,838.25 crore in the year under review from Rs 2,797.19 crore in the same period last year. For the quarter ended March 31, 2010, the company?s standalone net profit dropped to Rs 157.30 crore from Rs 172.02 crore in the same period last fiscal.

Unitech net down 44%

Unitech, the country’s second largest realty firm, on Friday reported a 43.64% decline in its net profit for 2009-10 fiscal at Rs 675.05 crore. It posted a net profit of Rs 1,197.71 crore in the previous financial year. Net sales, however, rose marginally to Rs 2,931.33 crore. in 2009-10 from Rs 2,889.74 crore in 2008-09, the company said in a filing to the National Stock Exchange.