Tata Chem net rises 7%; EIH net up 17%; P&G net at Rs 46 cr

Written by Agencies | Bureaus | Mumbai, New Delhi, Chennai, Pune, Jan 30 | Updated: Jan 31 2008, 07:12am hrs
Tata Chemicals Limited on Wednesday said the company's profit after tax for the three months ending December 31, 2007, was up 7% at Rs. 125 crore compared to Rs 117 crore a year ago. Income from operations (net of excise) for the period stood at Rs. 1,224 crore compared to Rs. 1,307 crore.

Basic EPS for the quarter stood at Rs. 5.62. Homi Khusrokhan, managing director, Tata Chemicals, said, Tata Chemicals has performed steadily. Our chemicals business continues to perform healthily on the back of buoyant demand for soda ash. The fertiliser business also continues to do well. During the quarter we have also prepaid our high cost debt and borrowed at much lower levels. While this may have impacted our consolidated profitability in the review period, it will result in significant savings.

EIH sales at Rs 327 cr

EIH Ltd, a part of The Oberoi Group, has reported a growth of 16.9% in net profit to Rs 72.40 crore for the quarter ended December 31, 2007 as compared with Rs 61.94 crore in the corresponding quarter last year. Total income increased to Rs 326.85 crore in the December quarter as against Rs 278.25 crore in the corresponding quarter last year, a rise of 17.5%.

Hanung net up 104%

Hanung Toys & Textiles Ltd has posted a net profit increase of 104% at 16.78 crore for the quarter ended December 31 as against Rs 8.21 crore in the same quarter, the previous fiscal. Sales rose 62% at Rs 132.54 crore as against 81.72 crore for the same period last year. Hanung Toys & Textiles Ltd, is the countrys largest manufacturer and exporter of soft toys and home furnishings. On Wednesday shares of the company dipped .59% to close at Rs 220.

Blue Star Net triples

Blue Star Ltd net profit for the quarter ended December 31, 2007 rose 208% to Rs 35.44 crore compared to Rs 11.50 crore last year. The total income for the quarter grew by 39% to Rs 514.99 crore compared to the same period last year. Total income for the nine months ended December 31, 2007 stood at Rs 1,525.90 crore, 44% higher than last year, while net profit grew 179% to Rs 103.73 crore, while Earnings per share (face value of Rs 2.00 per share) jumped from Rs 4.13 to Rs 11.53 in the same period. Ashok M Advani, chairman and managing director, said, Blue Star continues to perform exceptionally well with sustained business growth in all three segments. We have been able to significantly enhance our margins to cross the milestone of Rs 100 crore of Net Profit in the first nine months itself. I am confident that the Company will end the year on an impressive note.

WWIL loss at Rs 32 cr

Zee Groups cable arm Wire and Wireless (India) Limited (WWIL) has posted a net loss at Rs 31.6 crore for the quarter ended December 31, against Rs 5.26 crore losses in the same quarter, the previous fiscal. Sales increased 43% at Rs 70.4 crore as against Rs 49.3 crores. Announcing the results, Zee Groups chairman Subhash Chandra said, We have identified several opportunities for growth of our business and plan to consolidate our position in the cable business by way of faster digitization of cable TV, acquisition of MSOs and direct points and through strategic alliance with various infrastructure providers for digital services.

Ajanta net up 49%

For the third quarter ended 31st December, 2007, Ajanta Pharmas net profit increased by 49% to Rs 3.94 crore (Rs 2.65 crore) and sales increased by 22% to Rs 71.86 crore (Rs 59.06 crore). For the nine months ended 31st December, 2007, the companys sales increased by 24% to Rs 203.17 crore (Rs 164.02 crore).

IAF net at Rs 2.83 cr

Indo Asian Fusegear Limited, for the third quarter ended December 31, 2007, said net income stood at Rs 2.83 crore and revenues increased by 24% to Rs 69.60 crore as compared to Rs 56.24 crore for the corresponding quarter in the previous year.

Suashish net surges

Suashish Diamonds Ltd has posted an increase of 333% in net profit at Rs 29.08 crore for the fourth quarter ended December 31 as against 6.72 crore in the year-ago period.

Indoco net up 23%

Indoco Remedies has posted a 23% increase in net profit at Rs 11.85 crore (Rs 9.63 cr) for the second quarter ended Dec 31. The company's turnover has increased by 15.91% to Rs 94.93 crore.

Facor net zooms 270%

FACOR Group, a ferro alloys manufacturing major on Wednesday announced that the company has posted a growth of 270% in its net profit to Rs 31.41 crore for the quarter ended December 31, 2007 against Rs 8.47 crore in the corresponding quarter last year. Turnover of the company for the quarter stood at Rs 249.49 crore, up 15.53% from Rs 215.94 crore in the previous year.

Opto Circuits sales up

Opto Circuits (India) postd posted a 102.74% growth in consolidated sales at Rs. 127.32 crore for the third quarter ended December 31, 2007 as compared to Rs 62.80 crore for the corresponding period last year.

Net profit for the quarter grew by 78.56% at Rs. 35.74 crore as against Rs 20.01 crore for the same period in the previous year.

For the nine months ended December 31, 2007, the company posted a 107.62% in consolidated sales of Rs 347.60 crore as against Rs 167.37 crore of the corresponding period. Net profit at Rs.97.63 crore grew by 99.16% compared to Rs 49.02 crore for the same period in the previous year. In the last quarter, the company has received US FDA approval for two of its new generation range of Pulse Oximeters. The company has obtained accreditation of ISO 14001:2004 for Environmental Management System and also OHSAS 18001:2007 for occupational Health and Safety Management System.

Vakrangee net up

Vakrangee Softwares Ltd registered a jump of 106.71% in net profit to Rs 13.53 crore for the quarter ended December 31, 2007, compared to Rs 6.54 crore in the corresponding quarter last year.

Gross turnover during Q3 shot up by 92% to Rs 60.21 crore compared to Rs 31.36 crore in the corresponding period for the last fiscal. The basis earnings per share for Q3 shot up to Rs 7.06 from Rs 3.42 for the same period during the last fiscal. The diluted EPS stood at Rs 6.32 against Rs 3.06 in Q3FY07. Dinesh Nandwana, chairman and managing director, Vakrangee, said, "With our strong positioning in the government and e-Governance sector, we are also successfully tapping private and high growth sectors like telecom, insurance, financial services and retail.

Cummins net up 17%

Cummins India Ltd posted a net profit increase of 17% at Rs 105 crore for the quarter ended December 31, 2007 compared for Rs 89 crore in the same period, the previous fiscal. Sales have also increased 24% at Rs 590.2 crore against 477 crore in the same quarter last year.

At a meeting held today to announce the financial results, the board of directors have approved the merger of the subsidiaries, Cummins Sales and Service (India) Limited and Cummins Auto Services Ltd into the Company subject to regulatory approvals and legal compliances.

This is intended to improve synergies between sales, service, engineering and manufacturing operations as well as to simplify administrative and legal compliances.

Anant Talaulicar, chairman, Cummins India Limited said, While we continued to grow sales above targeted levels, we were not able to grow profits at that pace due to a combination of the strengthening rupee, commodity inflation and adverse product mix.

Ess Dee net up 97%

Ess Dee Aluminium Ltd (EDAL), an end-to-end foil-based packaging solutions provider, today posted 86.84 % growth in consolidated net income to Rs70.62 crore for the third quarter ended 31st December 2007 as compared to Rs. 37. 79 crore for the corresponding period last year. The consolidated net profit for the quarter jumped 97.38 % to Rs. 18.08 crore as against Rs. 9.16 crore for the same period last year.

The nine months consolidated net income rose 123.77 % to Rs. 216.22 crore compared to Rs. 96.62 crore for the corresponding period last year, while net profit for nine months rose 132.23 % to Rs. 49.10 crore, as against Rs. 21.14 crore in the year-ago period.

Chairman and Managing Director, EDAL, said: "Innovation has been Ess Dee's key strategy for growth this year. In the last quarter, we successfully launched our indigenously produced anti-counterfeit range of products. In the next few quarters, we'll be focussing on a few more packaging novelties, especially in the home food segment".

Gillette net at Rs 31 cr

Gillette India Ltd on Wednesday reported a net profit of Rs 31.2 crore for the quarter ended December 31, 2007 as against Rs 27.7 crore for the corresponding period last fiscal.

The companys total income has increased from Rs 135.9 crore for the quarter ended December 31, 2006 to Rs 149.5 crore for the quarter ended December 31, 2007.

P&G net at Rs 46 cr

FMCG major Procter & Gamble India on Wednesday reported a net profit of Rs 46.3 crore for the quarter ended December 31, 2007 as compared to Rs 30.1 crore for the quarter ended December 31, 2006.

The companys total income has increased from Rs 163.8 crore for the quarter ended December 31, 2006 to Rs 197.6 crore for the quarter ended December 31, 2007.