NTPC net profit falls 6.7% to R2,593.44 crore
New Delhi, May 10: The country?s largest power producer NTPC posted a nearly 5% rise in consolidated net profit at R9,814.66 crore for the year ended March, even as fuel costs surged during the same period. The company had a consolidated net profit of R9,348.23 crore in the year ended March 2011. In the last financial year, total income from operations jumped to R65,893.68 crore from R59,505.38 crore in the year-ago period, the company said.
NTPC reported a higher annual profit despite its fuel cost, on a consolidated basis, soaring about 19% to R43,302.66 crore in the last fiscal. The board of directors recommended a final dividend of R0.50 per share, taking the total dividend payout to R4 per share for the year 2011-12
The company?s net profit on a standalone basis slumped 6.7% to R2,593.44 crore in the three months ended March. The same stood at R2,781.84 crore in the year-ago period.
PTI
United Breweries Holdings Q4 net profit dips 84%
Bangalore, May 10: United Breweries (Holdings), the parent company of the Vijay Mallya-led UB Group, on Thursday said the company?s net profit fell to R2.10 crore during the quarter, a decline of 83.69% when compared to a profit of R12.88 crore in the corresponding quarter last year. It reported a total income of R113.70 crore during the quarter against R116.75 crore a year ago.
It also said on Thursday that Kingfisher Airlines (KFA) has ceased to be its subsidiary following the carrier?s conversion of certain debentures into equity in February. Since the allotment, the promoter stake in the airline has dropped to 42.93% as on April 24. ?KFA has ceased to be the company?s subsidiary as on February 18 consequent upon it allotting shares against Optionally Convertible Debentures,? UBHL said. The company?s stake in the airline has dropped to 29.29% as on April 24 from 40.1% on December 31.
fe Bureau
Escorts net profit down 75% at R18.13 crore
New Delhi, May 10: Tractor major on Thursday reported 75.24% decline in its standalone net profit for the quarter ended March at R18.13 crore.
The company had posted a net profit of R73.22 crore in the corresponding period last financial year, Escorts said in a statement.
The stanalone total income from operations during the quarter also decreased by 11.38% to R795.07 crore from R897.18 crore in the year-ago period, it added.
Commenting on the results, Escorts chairman and MD Rajan Nanda said: ?Despite a profitable quarter and growth over the immediate two preceding quarters, the industry environment is far from healthy with tractor sales for the industry down between 2% and 9% over the past four months. These have had an obvious impact on our performance both on the topline and the bottomline.? The shares of the company closed 2.42% down at R66.65 apiece on BSE.
PTI
Cipla net profit increases 36% to R291.74 cr
New Delhi, May 10: Drug major Cipla said that for the quarter ended March, the company posted a 36% rise in net profit to R291.74 crore against R214 crore a year ago. Total income rose from R1,699.95 crore for the quarter to R1904.52 crore for the corresponding period of the previous fiscal.
The company posted a net profit of R1,123.96 crore for the year ended March against R960.39 crore for the year ended March 31, 2011.
Total income rose from R6,422.29 crore for the year ended March 31, 2011 to R7125.8 crore for the year ended March 31, 2012. Shares of the company were up nearly 1% on the BSE on Thursday to close at R325.55 each.
While domestic revenues for the quarter under review grew by 15.5% to R753.55 crore from R652.23 crore, international business rose by more than 11% to R1,084.96 crore from R974.95 crore for the same period last fiscal, Cipla said.
fe Bureau
Lupin Q4 net declines 30% to R161.19 cr
New Delhi, May 10: Drug maker Lupin on Thursday said its consolidated net profit declined by 30% to R161.19 crore for the fourth quarter ended March on higher tax expenses that rose to R134.77 crore against R31.15 crore in the corresponding period of previous fiscal. The company had posted a net profit of R228.80 crore a year ago.
Net sales of the company for the quarter rose by 24.58% to R1,883.16 crore against R1,511.54 crore during the same period of previous financial year.
For the year ended March 31, Lupin posted a net profit of R887.51 crore against R879.39 crore during 2010-11. Net sales rose to R6,959.70 crore for the last fiscal against R5,706.82 crore during 2010-11. Shares of the company were down 4% to close at R521.35 each on the BSE on Thursday. The company said ?tax on inventories shipped to overseas subsidiaries for new launches? also impacted profitability.
fe Bureau
Cadila Q4 net dips 4.52% to R170.88 cr
New Delhi, May 10: Drug firm Cadila Healthcare on Thursday reported a 4.52% decline in its consolidated net profit at R170.88 crore for the quarter ended March, mainly on account of foreign exchange losses.
The company had posted a net profit of R178.97 crore for in the same quarter last fiscal, Cadila Healthcare said in a filing to BSE. However, the total income of the company rose to R1,398 crore for the reported quarter against R1,213.31 crore for the corresponding period previous fiscal.
The board of directors has recommended a dividend of R7.50 at the rate of 150% per equity share on 204,748,520 equity shares of R5 each for the financial year ended on March 31, Cadila said.
The financial results include loss of R9 crore in the fourth quarter on account of foreign exchange fluctuations against gain of R31.22 crore in the corresponding quarter previous fiscal.
PTI
Profit at Jubilant FoodWorks up 52% at R29 cr
Mumbai, May 10: Jubilant FoodWorks, the market leader in the organised pizza home delivery segment in India and holder of the master franchisee rights for Domino?s Pizza, posted a 52% year-on-year increase in its net profit for the fiscal fourth quarter ended March, riding on aggressive store expansion and strong sales growth.
During January-March, net profit grew to R29 crore, while its net sales were up 46% to R283 crore. Same-store sales, which is a measure of the performance of stores which have been in operations for more than a year, stood at a healthy 26.2%. Jubilant?s quarterly operating profit margin was at 18.5% versus 17.1% in the corresponding prior quarter.
The company announced that it had an exceptional loss of R1.61 crore during the fourth quarter and R4.1 crore for the last financial year, due to costs incurred for operationalising its Dunkin? Donuts business.
fe Bureau
