For the first six months (April-September), net profit at Rs 25 crore was a 147 per cent higher than the Rs 10.10 crore figure for corresponding period of the previous year, according to a company statement issued after a board meeting on Tuesday. Net sales during the first half rose to Rs 333.60 crore, a growth of 12 per cent over April-September 2002 figure of Rs 297.90 crore.
Exports during the second quarter shot up by 93 per cent to Rs 46.80 crore and during the first half by 83 per cent to Rs 85.10 crore.
The profit before interest, depreciation and tax (PBDIT) margin increased to 19 per cent from 16 per cent as PBDIT increased to Rs 32.10 crore. The companys chairman and managing director Shyam S Bhartia said the continuous growth in profits and further improvement in growth prospects has given us the confidence to state a strong earnings outlook for the current year.
The performance documents the success of our speciality chemical and export led strategy, which we believe has created a fundamentally sound operating profile, said Mr Bhartia. The company has revised its earnings estimate to over 100 per cent in profit after tax for the financial year 2002-03 which translates into a PAT of Rs 48 crore and an earnings per share (EPS) of Rs 65.
The share capital of the company will reduce to Rs 7.33 crore following the proposed amalgamation of subsidiary companies after obtainings the necessary approvals of Delhi and Allahabad High Courts.
Balaji Tele Posts Rs 15.28-cr Net
Balaji Telefilms Ltd has posted a net profit of Rs 15.28 for the quarter ended September 30, 2002, as compared to Rs 6.62 crore for the quarter ended September 30, 2001. Total Income has increased from Rs 24.14 crore in the quarter ended September 30, 2001, to Rs 48.98 crore in the quarter ended September 30, 2002.
An interim dividend of Rs 1.50 per share (75 per cent on an equity share of par value of Rs 2) has been declared at the Board meeting on Tuesday for the half-year ended September 30, 2002.
The rise in net profit is because of the hike in programming hours and revision in rates from STAR and Sony TV, said Balaji Telefilms chief financial officer V Devarajan.
The realisation per hour has increased from Rs 0.68 million to Rs 1.14 million. The operating profit margin has increased from 39.91 per cent to 50.92 per cent.
Blue Dart Q2 Net Up At Rs 4.81 Cr
Blue Dart Express Ltd has posted a higher net profit at Rs 4.81 crore for the second quarter ended September 30, 2002, compared to Rs 3.86 crore in same period of previous fiscal.
Net sales/income from operations in the period under review also increased to Rs 80.08 crore as against Rs 72.37 crore in Q2 of last year, the company said in a release here on Tuesday.
For the six months ended September, the net profit was Rs 9.32 crore (Rs 7.62 crore in H1 of last fiscal) while net sales/income from operations stood at Rs 157.99 crore (Rs 140.96 crore), it said.