Nalco Q1 Net Jumps 85% To Rs 219 Cr

Mumbai, New Delhi, Chennai, Kolkata, July 29 | Updated: Jul 31 2004, 04:49am hrs
The central-sector National Aluminium Company Ltd (Nalco) has recorded a net profit of Rs 219 crore during the first quarter to June 30, 2004. The net profit has jumped by 85 per cent sa against Rs 118.4 crore reported in the corresponding period of 2003-04, according to the unaudited financial results for the three-month period of the financial year 2004-05.

The company board of directors at a meeting held here Wednesday has taken on record the financial result for the first quarter.

The companys sales turnover has increased to Rs 891.4 crore during the first quarter of current fiscal from Rs 665 crore achieved in the same period last year. Nalco production touched 3,74,100 tonne of alumina and 73,454 tonne of aluminium during the quarter, according to a company spokesperson. The spokesperson said that during the quarter under review, the company also successfully commissioned its eighth unit of captive power plant at Angul, taking total plant capacity to 960 MW.

Dabur Pharma Q1 Net Up 9%
Dabur Pharma, on Thursday, reported a nine per cent increase in net profit at Rs 4.9 crore for the first quarter ended June 30, 2004 as against Rs 4.5 crore in the same period, a year ago. Turnover of the company, during the same period, grew by 11 per cent to Rs 58.8 crore compared to Rs 52.9 crore in the corresponding period of the previous fiscal.

The companys exports increased by 19 per cent, while the oncology business grew by 27 per cent in the period and bulk drug sales showed significant growth, Dabur Pharma COO Ajay Vij said. The company has also opened a branch office in Phillipines. Our R&D initiatives are progressing agressively and permissions from DCGI to conduct phase II clinical trials for our Nanaoparticle New Drug Delivery System (NDDS-TNP) during this quarter, he said.

Gillette Q2 PAT At Rs 19 Crore
Gillette India, on Wednesday, reported a net profit after tax (PAT) of Rs 19.1 crore for the second quarter ended June 2004 as against Rs 19 crore recorded for the coressponding period last year. The companys net sales, during the same period grew by six per cent at Rs 100 crore as against Rs 95.3 crore recorded last quarter. Gillette also reported a 54.6 per cent increase in advertisement and sales promotion expense for franchise building, up from Rs seven crore to Rs 11 crore spent this quarter.

For the half-year ended June 2004, the company recorded an increase of 44 per cent in its net profit at Rs 39 crore, up from Rs 27 crore recorded in the same period last year. These are the highest ever half-year profits clocked by the company.

Gillette India managing director Zubair Ahmed said, Our sustained strong and profitable growth is a reflection of our significant investments in franchise building behind our strategic products across businesses.

The companys grooming business grew by 11 per cent, while its oral care business recorded a growth of 26 per cent.

Blue Dart Q1 Climbs 36%
Blue Dart has reported a 36 per cent increase in net profit to Rs 3.6 crore for the first quarter ended June 30, 2004 over the corresponding quarter last year. Total income grew by 25 per cent to Rs 178.6 crore last year. The carry-forward order book as of June 30, 2004 at Rs 447.2 crore represents a 36 per cent improvement over the previous year, the release said. The companys impressive performance is attributed to our focus on profitable growth and efficient use of resources. The macro economic conditions are favourable with increased investments in infrastructure projects and substantial growth in the services sector, Blue Star chairman and chief executive Ashok M Advani said in a statement.

MRF Q3 Net At Rs 17 Cr
MRF Ltd has posted a net profit of Rs 17 crore during the third quarter ended June 2004 compared to Rs 15.3 crore in the corresponding period previous year. Net sales of the company after taking into account excise duty stood at Rs 655.7 crore as against Rs 545.6 crore in the same period previous year. Interest and depreciation were Rs 6.5 crore (Rs 10.4 crore) and Rs 25.3 crore (Rs 23.7 crore) respectively.

Mercator Q1 Net Spurts 622%
Mercator Lines Ltd has reported a 622 per cent rise in net profit to Rs 20.7 crore for first quarter ended June 30, 2004 as compared to Rs three crore for the correspondign quarter last year. Income from operations in grew to Rs 97 crore as against Rs 20.5 crore last year.

Sundaram Brake Net Up 32%
Sundaram Brake Linings Ltd has reported a 32.1 per cent growth in its net profit during the quarter ended June 2004. The company clocked a net profit of Rs 2.6 crore as against Rs two crore in the corresponding period previous year.

Colour-Chem June Quarter Net Up 124%
Colour-Chem Ltd has reported a 124 per cent increase in net profit for the quarter ended June 30, 2004 at Rs 8.4 crore as compared to Rs 3.7 crore for the same period last year. Turnover for the reporting quarter was up 10 per cent at Rs 109.3 crore as against Rs 99 crore for the corresponding previous quarter. At the annual general meeting held in Mumbai on Friday, Colour-Chem Ltd chairman P Lindner said on account of a substantial improvement in operational efficiencies and stringent control of overhead and personnel costs brought about by its ongoing srestructuring and rationalising initiatives, the profit before tax increased from Rs 5.3 crore in the corresponding period the previous year to Rs 13.3 crore in the current year.

DTL Consolidated Net Profit Down
Datamatics Technologies Ltd (DTL) has posted a lower net profit of Rs 5.7 crore on a consolidated basis during the quarter ended June 30, 2004, compared to Rs 6.2 crore recorded during the same period of previous fiscal. The total income of the company stood at Rs 34.2 crore during the quarter under review, a rise from Rs 17.5 crore posted in the corresponding quarter a year ago. On a standalone basis, DTLS net profit rose to Rs 7.3 crore in the quarter ended June 30, 2004 as compared to a net profit of Rs six crore in the corresponding quarter a year ago.

JB Chem Net Rises 11%
JB Chemicals has reported a 11 per cent increase in net profit for the quarter ended June 2004 at Rs 10.3 crore as compared to Rs 9.3 crore for the same period last year. The company has reported a 20 per cent increase in sales for the reporting quarter at Rs 71 crore as compared to Rs 59.2 crore for the corresponding previous quarter.

Zee Group Q1 Consolidated Profit Up 17.6%
Zee Group has reported a 17.6 per cent jump in net profit to Rs 73.3 crore for the first quarter ended June 30, 2004, up from Rs 62.3 crore a year ago. The first quarter consolidated revenues stood at Rs 320.7 crore, a 10.8 per cent growth over the corresponding period of the previous year. The figures are after consolidating the financials of ETC Networks and Padmalaya Telefilms.