Dr Reddys Laboratories Ltd (DRL) has posted a net profit of Rs 503.4 crore for the third quarter ended December 31, 2006 compared with Rs 54.2 crore for the identical period last year. The company has posted a total income (net of excise) of Rs 1,212.1 crore for the quarter under review. During the quarter, the company was granted 180 days marketing exclusivity for Ondansetron Hydrochloride tablets, which generated a sale of Rs 233.51 crore.
Commenting on the companys performance, GV Prasad, CEO, said: Fiscal 2007 has been a truly extraordinary year for Dr Reddys in many ways. For the first time in the history of Dr Reddys, we have crossed $1 billion (in dollar terms as per USGAAP) in revenues. Starting as an API manufacturer addressing the Indian market over the last 22 years of our journey, we have grown into a vertically integrated global pharmaceutical company with activities spanning the entire pharmaceutical value chain. With this, the company now ranks second after Ranbaxy to post $1 billion revenue after its 23rd year of existence, he added.
ICL wipes out losses of Rs 262.53 cr
India Cements Ltd (ICL) has wiped out its accumulated losses of Rs 262.53 crore during the third quarter ended December 2006. The company has reported a net profit of Rs 309.69 crore for the nine-month period ended December 31, 2006 as against Rs 18.28 crore during the same period last fiscal, said N Srinivasan, vice-chairman and managing director of ICL.
For the quarter under review, the net profit increased to Rs 80 crore as compared to Rs 7.22 crore while the net sales zoomed to Rs 542.21 crore as against Rs 411.87 crore, he said. The cement production in the nine-month period increased by 3.8% to 54.99 lakh tonnes as compared to 52.99 lakh tonnes while the sales too went up 3.3% to 54.74 lakh tonnes as compared to 53.01 lakh tonnes, he said.
Colgate Palmolive net up 20.6%
FMCG major Colgate Palmolive India on Monday reported a 20.6 % increase in its net profit for the quarter ended December 31, 2006 at Rs 50.3 crore as against Rs 41.7 crore in the year-ago period. Total income of the company rose to Rs 338.9 crore, an increase of 14.2% from Rs 296.5 crore recorded in the quarter ended December 31, 2005. Sustaining its growth momentum, the companys core category toothpastes grew by 13% during the quarter and 10% for the nine months, according to a spokesperson from Colgate India.The company has re-appointed K V Vaidyanathan as whole-time director for a period of five years from April 1, 2007. However, his appointment is subject to the approval of shareholders at the companys ensuing general meeting.
Zee records Rs 95.8 cr net profit
Zee Entertainment Enterprises Limited has reported a net profit of Rs 95.8 crore for the third quarter ending December 31, 2006, up 179%. Consolidated revenues for the quarter stood at Rs 417.7 crore, up 53%. Subhash Chandra, chairman, stated that the company had advertising revenue growth of 59%. CAS has been successfully implemented in the notified areas of Mumbai, Delhi and Kolkata. With more subscribers opting for digital services, it will give a boost to our subscription revenues in future, he added.
He also said the restructuring exercise for the Zee group is nearing completion. While Wire & Wireless India Limited (WWIL) and Zee News Limited (ZNL) are listed, Dish TV India Limited is likely to get listed by February 2007.
DSCL posts net profit of Rs 19.7 cr
DSCL posted a net profit of Rs 19.7 crore in Q3 ended December 31, 2006 as compared to 24.5 crore in the same quarter last year. Net revenues for the quarter were Rs 800.3 crore as compared to Rs 674.3 posted in the same quarter last year. The earnings per share (EPS) has fallen to Rs 1.19 from Rs 1.47 posted in the same quarter last year. The company said revenues from chemicals and plastics business were higher due to increase in volumes and better price realisations.
Castrol registers Rs 38 cr net profit
Castrol India Ltd, 70.92% owned by Castrol Ltd, UK has registered a net profit of Rs 38 crore in the quarter ending December 2006, up 18.75% over Rs 32 crore in the same period last year. The company posted total sales of Rs 563 crore during this period, up 27% as against Rs 444 crore in the same period last calendar year. In the calendar year 2006, the company registered a net profit of Rs 154 crore, up 4.76% over Rs 147 crore in the previous year.
Total sales of the company during this period stood at Rs 2,039 crore, up 22% as compared to Rs 1668 crore in the previous calendar year. The board of directors of the company announced a final dividend of Rs 5 per share, in addition to an interim dividend of Rs 4 per share totaling to Rs 9 per share for the full year 2006 as against Rs 8.25 per share for 2005.
Cadila net up 66.41%
Cadila Healthcare Ltd has posted an increase of 66.41 % in net profit from Rs 65.9 crore for the third quarter of FY06 as compared to Rs 39.6 crore for the third quarter of FY05. The revenue increased from Rs 382.2 crore for the third quarter of FY05 to Rs 492 crore for the third quarter of FY06, an increase of 28.73%.
Sify Q3 income up
Sify Ltd has reported revenues of $31.5 million for the quarter ended December 31, 2006, an increase of 15.8% than the same quarter last year.The sequential growth in revenues over the previous quarter was %. Net profit for the quarter was $0.94 million compared to a net loss of $0.24 million in the same quarter of the previous fiscal year. The company reported net profits of $1.55 million in the previous quarter. Cumulative net profit for the nine months ended December last was $3.91 million compared to a net loss of $3.86 million during the same period last year.
NALCO net up by 45.69%
National Aluminium Company Limited has posted a Q3 net profit of Rs 572.60 crore, representing an increase of 45.69% over Rs 393.03 crore achieved during the corresponding period of the previous year.
According to the un-audited financial results taken on record at the companys board meeting held in New Delhi Monday, the sales turnover during the quarter has recorded an increase of 10.08% to Rs1,588.07 crore over the corresponding period figure of Rs 1,442.59 crore. This is the highest-ever quarterly growth in profit in Nalcos history.
Nucleus Software sees 50.21% growth
Nucleus Softwares consolidated revenue for the quarter ending December 31, 2006 increased 50.21% to Rs 56.18 crore as compared to Rs 37.40 crore for the corresponding quarter of the previous year. Net Profit after Tax (PAT) increased by 58.05% to Rs 13.94 crore as compared to Rs 8.82 crore for the corresponding quarter of the previous year. Total headcount at the end of the quarter is 1429 and 8 new customers were added increasing the total number to 143. Earnings per share for the quarter increased to Rs 8.65 from Rs. 5.47 for the same quarter last year.
Voltas Q3 net up 30%
Voltas Limited, the air conditioning and engineering services company of the Tata Group has posted a 30% growth in its Q3 sales to Rs 580.86 crore, up from Rs 447.09 crore in the same period last year. Profits grew from Rs 11.36 crore to Rs 19.43 crore, up 71%.
However, the companys Electro-mechanical Projects and Services segments revenues grew by 23.1%. The major contributor to this growth has been the domestic Heating, Ventilation & Air conditioning business (HVAC), which has grown by 49.9%. The Engineering Products and Services segment registered a revenue growth of 76.1%.