Net sales rose 14% to Rs 9,330 crore from 81.5 billion rupees, the New Delhi-based generator said in a statement.
DLF net at Rs 2,139 cr
On the back of growing demand for commercial space, residential property and malls, DLF, on Wednesday posted a consolidated revenue of Rs 3,651 crore for the quarter ended December 31, 2007 -- up 9% from Rs 3,349 crore in the July-September quarter. Net profit rose 6% from Rs 2,018 crore in the previous quarter to Rs 2,139 crore for the October-December quarter.
Announcing the results, Rajiv Singh, vice chairman, DLF, said, The thrust on commercial segment continues to gain momentum, while as per plan, the last couple of months saw aggressive launch of mid-income housing projects with specific focus on affordability and actual user. We expect the momentum to continue in the coming quarters, demonstrating strong demand for affordable housing.
The companys EBITDA stood at Rs 2,554 crore in the third quarter, an increase of 8% compared to Rs 2,363 in Q2.
AV Birla Nuvo dips
Aditya Birla Nuvo Ltd on Wednesday announced that the company has reported a fall of 45% in its net profit to Rs 30.2 crore for the quarter ended December 31, 2007 against Rs 55.3 crore in the corresponding quarter last year. The company's revenues for the quarter stood at Rs 3,661.6 crore, up 58% from 2,316.1 crore last year.
The consolidated net profit for nine months ended December31, 2007 is Rs 172.6 crore against Rs 198.7 crore in corresponding period of previous year despite aggressive growth in telecom, life insurance, asset management and BPO businesses. Says Adesh Gupta, companys whole time director and CFO, In the life insurance business, net loss increased during the quarter to Rs 125.8 crore from Rs 30.8 crore. In the BPO business, net loss was at Rs 38.2 crores.
M&M net boosts
Auto major Mahindra & Mahindra reported a growth of 67.6% in net profit to Rs 405.15 crore for the quarter ended December 31, 2007 as compared with Rs 241.68 crore during the corresponding quarter last year. Total income increased by 13.9% to Rs 2,980.25 crore for the December quarter as against Rs 2,617.30 crore, a year ago.
The utility vehicle business of the company witnessed a healthy growth of 17.9%, more than the industry growth figure of 8.03%. M&M sold 39,282 UVs during the December quarter as compared with 33,312 during the corresponding quarter last year.
M&Ms traditional business of farm equipments followed domestic industry cues that continued decline in the third quarter, registering a decline of 2.4% over the third quarter of last year, with M&M domestic tractor sales down 8.9% in the same period. M&M sold 24266 tractors during the period under review.
Hindalco net down
Hindalco Industries Ltd on Wednesday announced that the company has reported a fall of 15.71% in its net profit to Rs 542.7 crore for the quarter ended December 31, 2007 against Rs 643.9 crore in the corresponding quarter last year. Net sales and operating revenues stood at Rs.4,531.7 crore, down 2.67% as compared to Rs.4,656.2 crore in the corresponding period in FY07. EPS for the quarter was Rs 4.4, the company informed.
Bajaj Auto net drops
Bajaj Auto Ltd reported a 5% drop in its net profit from Rs 345 crore in the December quarter last year to Rs 327 crore in this quarter. Total turnover dropped to Rs 2,680 crore in Q3FY08 marginally decreasing by 1.7% from Rs 2,729 crore in the same quarter last year. PBT stood at Rs 439 crore this quarter, a drop of 5.4% as against Rs 464 crore same time last year.
During the quarter, the company sold 7,13,135 units as against 7,38,219 units in the same quarter last year recording a drop of 3.39%. Operating EBIDTA margin for the quarter was 14.6% as against 14.2% in Q3 FY08.
Sun pharma net up
Sun Pharmaceutical Industries Ltd on Wednesday said that its net profit for the third quarter stood at Rs 318.4 crore, an increase of 60% over Q3 last year. Net sales increased 49% to Rs 804 crore, from Rs 540 crore in Q3 FY07. EBITDA margin improved to 44.1% from 32.1% over the third quarter last year.
Domestic formulations sales at Rs 1,114.7 crore saw a growth of 28% over the corresponding nine months last year, contributing 51% of total sales. For the quarter, domestic formulations sales also increased by 28%.
In the US generic business, Suns US arm Caraco recently announced Q3 sales of $82 million, up 162% from $31 million for Q3 FY07. Caraco recorded a net income of $11 million in the third quarter, despite continuing pricing pressure, a media release said.
Raymond net rises
Raymond Ltd posted a net profit of Rs 9.36 crore for the quarter ended December 31, 2007 where as the same was at Rs 38.37 crore for the same quarter, a year ago. Sales are at Rs 352.84 crore for the quarter as compared to 324.06 crore in the same period last year.
MTNL sales dips 7%
MTNLs revenue declined 7% to Rs 1,326.9 crore in the October-December quarter, from Rs 1,428 crore in the corresponding quarter in the previous fiscal. Net profit for the period dropped 35% at Rs 97.6 crore from Rs 150.7 crore in the year ago period. During Q3, its net income from services stood at Rs 1,189.7 crore, compared with Rs 1,198.5 crore in the previous quarter and Rs 1,231.9 crore during the corresponding quarter of previous year.