Neyveli Lignite (NLC) has recorded a 19.85 % rise in profit after tax (PAT) to R221.65 crore, compared with R184.94 crore for the same period in the previous year. The sales turnover of the PSU major stood at R1,255.70 crore, compared with R1,045.99 crore, registering a growth of 20%. During the quarter, lignite production achieved 56.01 lakh tonne against 51.408 lakh tonne achieved during the corresponding period of the previous year, registering a growth of 8.95%.
Dabur India net increases 22.15% to R211.11 crore
Dabur India on Tuesday posted 22.15% jump in consolidated net profit at R211.11 crore in the October-December quarter this fiscal on the back of robust sales across categories, including hair oil and skin care. The company had posted a net profit of R172.82 crore during the same period a year ago. Net sales of the company rose to R1,630.72 crore during the third quarter, from R1,452.68 crore during the same period of 2011-12, Dabur India said in a statement. Shares of the company, however, fell by over 1% on the National Stock Exchange, whose wider index Nifty dropped by nearly 25 points or 0.41%. Despite a challenging macro-economic environment, Dabur India reported strong volume-driven growth across all its key categories like hair oils, shampoo, foods, skin care and home care, it added.
Torrent Pharma Q3 net up 35% at R112 crore
Torrent Pharmaceuticals on Tuesday said its consolidated net profit rose 35.04% to R112.33 crore in the third quarter ended December on account of strong sales in both domestic and global markets. The Ahmedabad-based firm had posted net profit of R83.18 crore in the same period of previous fiscal. Net sales of the company rose to R768.63 crore during the third quarter, against R673.47 crore during the same period of 2011-12 fiscal. The companys domestic formulations business grew by 13% to R258 crore during the third quarter, against the same period last fiscal. The international business grew by 17% to R462 crore during the third quarter. The company declared an interim dividend of 120%, Torrent said.
Reliance Capital Q3 profit jumps by 68% to R101 cr
Reliance Capital on Tuesday posted over 68% rise in consolidated net profit at R101 crore for the third quarter ended December, on the back of all-round growth. The company had reported a net profit of R60 crore for the October-December quarter of 2011, Reliance Capital said in a statement. RCaps total income rose to R1,716 crore in the third quarter ended December, against a total income of R1,600 crore in the same period of previous year. RCap is the financial services arm of Anil Ambani-led Reliance Group.
Shoppers Stop net dips 12% to R17 crore
K Raheja Group company, Shoppers Stop (SSL), posted 12% lower net profit at R17 crore for the quarter ended December, compared with R19.3 crore in the corresponding period last year. However, festival and the wedding season helped the company rake in 20% higher revenue during the quarter. The operator of specialty stores like Crossword, Mothercare, M.A.C. and HyperCity saw a like-to-like growth of 12.5% this quarter, from 5% in the preceding quarter ended September. The companys loss-making subsidiary HyperCitys like-to-like sales rose 3% during the quarter.
Elgi Equipments Q3 profit declines to R13.8 crore
Elgi Equipments, manufacturers of compressors and automotive components, has reported a decline in its net profit for the quarter ended December to R13.8 crore compared with R19.9 crore during the same quarter previous fiscal owing to acquisition related costs. The revenue grew 14% to R287 crore during the quarter under review compared with R252 crore in the corresponding period of last fiscal, said a press release.
Mercator bags R210-cr deals from Paradip Port
Mercator Group has bagged two dredging contracts worth R210 crore from Paradip Port Trust in Orissa. Both the contracts are to be executed within three years, the company said. The group has presence in coal, oil, gas, commodity and dredging among other sectors.
Nokia retains most-trusted tag for third year: Report
Nokia, Samsung and Sony are Indias most trusted brands this year, as per The Brand Trust Report, India Study 2012 complied by Brand Trust Advisory. Nokia leads for the third consecutive year, while Samsung and Sony have both moved up two ranks from last year to occupy the second and third slots in the final tally. BMW has captured Indias fourth-most trusted brand, while Tata Motors occupies Indias fifth-most trusted brand after being in second place in the last two years. After being ranked second in the aerated soft drinks category for two years in a row, Coca-cola has moved up to the top slot as Indias most trusted brand in this category.