Hindustan Zinc on Wednesday said that the company has reported a growth of 12.3% in its net profit to Rs 1,290 crore for the third quarter ended December 31, 2010 against Rs 1149 crore in the corresponding quarter last year. The company’s net sales during the quarter stood at Rs 2,601 crore, up 17.4% as compared to Rs 2217 crore in Q3 FY 2010. The increase was primarily on account of higher volumes, operational efficiencies and improved LME prices; partly offset by appreciation of the Indian rupee against the US dollar and increase in the cost of production. Agnivesh Agarwal, Chairman of the company said, ?With the commencement of trial production at our new 1.50 million tonnes per annum (mtpa) mill at Sindesar Khurd at the end of the quarter, we will exit FY 2012 with Silver production capacity of 500 tonne making HZL one of the world’s top silver producers.?
Torrent Pharma Q3 net dips 7.28% to Rs 76.91 cr
Torrent Pharmaceuticals today said its consolidated net profit declined by 7.28% to Rs 76.91 crore for the third quarter ended December 31, 2010, over the same period previous fiscal. The Ahmedabad-based company had a consolidated net profit of Rs 82.95 crore in the same period last fiscal. The company’s total income stood at Rs 577.53 crore for the third quarter ended December 31, compared to Rs 480.05 crore in the same period last fiscal, Torrent Pharmaceuticals said in a filing to the Bombay Stock Exchange (BSE).
GEI Industrial Q3 net jumps over two folds
GEI Industrial Systems, maker of air cooled heat exchangers and air cooled vacuum steam condensers, today posted an over two-fold jump in net profit for the third quarter ended December 31, 2010. The company’s net profit during October-December quarter increased to Rs 8.68 crore from Rs 3.91 crore in the corresponding quarter last fiscal, GEI said in a statement.
Net sales of the company also grew by 78.56% at Rs 109.44 crore as compared to Rs 61.29 crore in the corresponding quarter last fiscal, it added.
Bajaj Holdings Q3 net up 91.14% at Rs 500.98 cr
Bajaj Holdings & Investment said its consolidated net profit rose by 91.14% to Rs 500.98 crore for the third quarter ended December 31, 2010, over the same period previous fiscal.
The company had a net profit of Rs 262.1 crore in the same period last fiscal, Bajaj Holdings & Investment said in a statement.
Uflex Q3 net up five fold to Rs 251 crore
Packaging firm Uflex said its consolidated net profit rose by over five folds to Rs 251 crore for the third quarter ended December 31, over the same period previous fiscal. The company had a net profit of Rs 48 crore in the same period last fiscal, Uflex said in a statement.