German unit propels Biocon profit

Written by Agencies | fe Bureau | Mumbai, New Delhi, Chennai | Updated: Apr 30 2010, 07:01am hrs
Biocon has registered 224% surge in consolidated net profit to Rs 81 crore for the quarter ended March 31, 2010, from Rs 25 crore in the corresponding quarter last fiscal, backed by increased contribution from its German subsidiary AxiCorp and reduced mark-to-market losses. Profit before exceptional items was up 22% to Rs 81 crore from Rs 66 crore, while revenue for the quarter stood at Rs 666 crore, up 37% from Rs 487 crore. Total sales registered 41% growth to Rs 657 crore. The company has declared a dividend of 70% at Rs 3.50 per share. Biocon CMD Kiran Mazumdar-Shaw said, Biocon has delivered a strong performance this fiscal and all segments of our business have grown. We are confident of sustaining growth momentum in the years ahead given our increasingly differentiated profile.

Ashok Leyland net up

Hinduja group flagship company, Ashok Leyland, has reported 123% jump in net profit to Rs 423.67 crore for the year ended March 31, 2010, compared with Rs 190 crore in the previous fiscal. Sales rose to Rs 7,244.71 crore compared with Rs 5,981.07 crore in the previous fiscal. The fourth quarter turnover rose 141.3% q-o-q to Rs 2,939.04 crore compared with Rs 1,218.12 crore in the third quarter of the year under review. Net profit rose 318% to Rs 222.66 crore compared with Rs 53.32 crore in the corresponding period last year. The company has earmarked Rs 1,200 crorefor capex over the next couple of years.

Siemens Q2 net dips

Siemens Ltd on Tuesday said net profit dipped 20% to Rs 181 crore for the second quarter ended March 31, 2010 compared with Rs 225 crore during the same period last fiscal. For the half year ended March 31, 2010, the company had won new orders worth Rs 7,406 crore, registering 93 % rise over the comparative period in the previous year.

MRF net surges 39%

MRF on Tuesday reported a net profit of Rs 95.82crore for the quarter ended March 31, 2010, up 39.49% over the corresponding period last year. For the six months ended March 31, 2010, it reported a net profit of Rs 215.23 crore, up 92.91% over the same period last year. Net sales for the quarter ended March 31, 2010, stood at 1,767.58 crore as against Rs 1404.72 crore in the same period of last year.

Genpact revenues up

Genpact has reported 6% dip in net income to $28.2 million for its first quarter ended March 31, 2010. Revenues rose 8.4% to $288.2 million, from $265.8 million.

Cadila Q4 net zooms

Cadila Healthcare on Tuesday said consolidated net profit rose over two-fold to Rs 131.05 crore for the fourth quarter ended March 31, 2010 over the same period of the corresponding fiscal. For the year ended March 31, 2010, the firm has posted a net profit of 529.84 crore, compared with Rs 303.18 crore in the last fiscal.

Patni net up two fold

Patni Computer Systems on Tuesday reported a net profit of Rs 157 crore for the quarter ended March 31, 2010, a two-fold jump over the same period in the previous fiscal. Total income rose to Rs 834 crore for Q1.

Indiabulls posts loss

Indiabulls Real Estate has posted a net loss after minority interest of Rs 16 crore for the year ended March 31, 2010 as compared to net profit of Rs 29 crore for the year ended March 31, 2009. The firms total income decreased from Rs 439 crore for the year ended March 31, 2009 to Rs 299 crore for the year ended March 31, 2010.

KEC profit up 62%

KEC International Ltd, has reported 62% growth in net profit to Rs 190 crore in 2010 fiscal compared with Rs 117 crore last fiscal. Net income rose to Rs 3,907 crore for the 2010 fiscal compared with Rs 3,429 crore in the previous fiscal.

CESC net rises 6.3%

CESC on Tuesday reported 6.38% growth in net profit to Rs 100 crore for the fourth quarter ended March 31, 2010, over the corresponding period last fiscal.