Tata Power, India?s largest public sector power utility firm, posted an increase in consolidated net profit of 61% at Rs 1966.84 crore for the financial year 2009-10 as compared to Rs 1218.74 crore last year. The consolidated revenues of the company stood at Rs 18854.76 crore, a growth of 5%, as against Rs 17978.88 crore in the previous year. On a standalone basis, the company for the fourth quarter ended March 31, 2010 posted a net profit of Rs 230.69 crore as compared to Rs 354.61 crore in the same period last year. For the same period, the company posted an increase in revenues of 20.5% at Rs 1707.68 crore as compared to Rs 1416.63 crore in the same period last year. The decrease in consolidated revenues is due to a change in the fuel mix and reduction in the fuel prices in Mumbai License Area as compared to the corresponding period last year, said a statement issued by the company.

Sun Pharma net at Rs 1.3k cr

Sun Pharmaceutical Industries? consolidated net profit declined 26% to Rs 1,351.08 crore in 2009-10 against Rs 1,817 crore during the previous year. During the period under review, the company?s total income plunged 3% to Rs 4,102.77 crore compared to Rs 4,272.30 crore in 2008-09.

In 2009-10, the company?s India branded generic sales stood at Rs 1,830 crore. ?The underlying business growth has been 15%, after adjusting for one-time sale in Q4FY09,? the firm stated. The pharma major?s sales from US subsidiary Caraco stood at $234 million while international branded generic sales rose 29% and sales of active pharma ingredient jumped 13% over last year.

Sun Pharma?s operating margin for the period was at 32% compared to 43% in FY09. The company’s consolidated net profit stood at Rs 394 crore during the quarter ended March 31, 2010. In Q4 FY10 its net sales stood at Rs 1,109 crore. Sun Pharma gave a guidance of 18% to 20% increase in sales for FY2010-11.

SpiceJet back in black

Low fare carrier SpiceJet has posted a net profit of Rs 27.5 crore for the March quarter of FY10 as against a net loss of Rs 7.8 crore for the same quarter, a year ago. Sales for the period grew 34% at Rs 559.63 crore as against Rs 416.73 crore. Meanwhile, shares of the company dipped 0.19% to close the day at Rs 52.50 on the Bombay Stock Exchange before the results were announced on Monday. For the year-ended March 31, 2010, the Delhi-based airline has again posted a net profit of Rs 61.4 crore as compared to a net loss of Rs 352.5 crore. Sales grew 29% to Rs 2,181.07 crore

Tata Chemicals net dips 6%

Tata Chemicals has posted a net profit of Rs 605.91 crore for the year-ended March 31, 2010, down 6% compared with Rs 648 crore for the year-ended March 31, 2009. Total income also dipped 24% to Rs 9,712.6 crore, compared with Rs 12,832.6 crore for the year-ended March 31, 2009. The company said that figures of the corresponding period in the previous year are not comparable, since Rallis India Ltd became an associate of the company in August 2009. Following the preferential allotment of 9,80,000 equity shares by Rallis to the company in November 2009, the effective holding of the company in Rallis has become 50.06%.

Leelaventure net dips 72%

Downturn in the average room rates, despite occupancy rates remaining strong during the financial year 2009-10, pulled down Hotel Leelaventure, which runs the Leela Palaces, Hotels and Resorts. Its consolidated net profit dipped 72% to Rs 41 crore from Rs 145 crore. The company’s consolidated total income dropped 5% to Rs 436 crore from Rs 460 crore. The company also said that it will be raising funds up to Rs 750 crore either in QIP and/or FCCB issues in one or more tranches at an appropriate time. In an earlier conversation to Fe, Rajiv Kaul, president of Hotel Leelaventure, had said that the pressure on the ARRs during the year will impact profitability.