Videocon Industries Ltd has posted a 71% dip in net profit at Rs 72.98 crore for the quarter ended March 31, 2009, as compared to Rs 251.22 crore recorded during the previous corresponding period, primarily owing to a dip in revenues from its oil business.
The company has registered a 12.45% dip in total income at 2,220.60 crore for the quarter ended March 31, 2009, as compared to Rs 2,538.78 crore reported during the previous corresponding period. For the quarter ended March 31, 2009, Videocon Industries posted a 48% dip in revenues from the crude oil and natural gas segment at Rs 235.05, as compared to Rs 452.99 crore reported during the previous corresponding year. The company has registered a 4% dip in revenues from the consumer electronics sector at Rs 1,979.31 crore for the quarter ended March 31, 2009, as compared to Rs 2,061.92 crore achieved during the previous corresponding quarter. For the year ended September 30, 2008, Videocon Industries has posted a net profit of Rs 854.30 crore and a total income of Rs 10,105 crore.
Reliance Cap net dips 15%
Anil Ambani group firm Reliance Capital reported a 14.75% decline in consolidated net profit at Rs 311.64 crore for the fourth quarter ended March 31, 2009. The financial services firm had a net profit (after minority interest & share of profit) of Rs 365.57 crore in the March quarter of FY’08, Reliance Capital said in a filing to the Bombay Stock Exchange. The total income declined 3.41% to Rs 1,579 crore in the March quarter, from Rs 1,634.71 crore in the corresponding period a year ago. The board has declared a dividend of 65% or Rs 6.50 a piece on shares of face value of Rs 10 for FY’09.
Siemens net at Rs 225.51 cr
Siemens Ltd has posted a net profit of Rs 225.51 crore for the quarter ended March 31, 2009, as compared to Rs 1.65 crore recorded during the previous corresponding period. The company has reported total income of Rs 2,156 crore the quarter ended March 31, 2009, as compared to Rs 2,385 crore registered during the previous corresponding period. For the year ended September 30, 2009, the company has registered a net profit of Rs 503.32 crore and net sales of Rs 8,295.54 crore. For the half year ended March 31, 2009, the company has garnered a net profit of Rs 556.09 crore, as compared to Rs 138.70 crore registered during the previous corresponding period.
Nestle India net rises 23%
Nestle India posted a 23.2% increase in the net profit at Rs 197.30 crore for the first quarter ended March 31. Total revenue of the company rose by 16% to Rs 1,265.85 crore this quarter compared to Rs 1,090.9 for the corresponding quarter last year. While the net domestic sales of this food company increased by 18.7% its exports has gone down by 15.1%. During the first quarter Nestle India reported domestic sales of Rs 1,191.97 crore. During the corresponding period a year ago its domestic sales was Rs 1,003.9 crore. However, its export sales during this quarter have gone down to Rs 73.88 crore, compared to Rs 87.1 crore last year. On Wednesday, shares of Nestle India closed at Rs 1,702, down 0.13 % on the BSE.
ABB India PAT plunges 33%
Energy major ABB India posted profit after tax of Rs 78.4 crore for the first quarter ended March 2009, falling steeply by 33% year-on-year from Rs 118.4 crore in the corresponding quarter of the previous fiscal. The company also witnessed a downward spiral in revenues, falling 9% to Rs 1,407 crore from Rs 1,553.8 crore. The order book position weakened year-on-year, falling 14% to Rs 2,303.3 crore from Rs 2,695.4 crore. However, the company?s order book made a recovery to the tune of 83% as compared to the previous quarter, up from Rs 1261 crore in the fourth quarter of the last fiscal.
Educomp Q4 net surges 73%
Educomp Solutions, an e-learning solutions provider, reported an increase of 73.26% in its net profit to Rs 54.51 crore for the quarter ended March 31, 2009, as compared to Rs 31.46 crore during the corresponding quarter last year.Total revenue during the current quarter of FY’09 rose to Rs 184.38 crore from Rs 119.53 crore during the same quarter last year. For the financial year ended March 31, 2009, Educomp posted a net profit of Rs 128.26 crore, an increase of 83.07 % growth compared to Rs 70.06 crore last year. Total revenue of the company rose to Rs 507.09 crore in FY’09 as compared to Rs 274.57 crore last year.
Moser Baer Q4 net at Rs 43 cr
Optical storage device maker Moser Baer India said it has reported a net profit of Rs 42.93 crore in the fourth quarter ended March 31, whereas it had a net loss of Rs 71.71 crore in the same period a year ago. The company’s total income during the January-March quarter of FY’09 rose to Rs 519.85 crore, from Rs 486.80 crore in the same quarter last fiscal, Moser Baer India said in a filing to the Bombay Stock Exchange.
Alok Industries net up 17%
Textile maker Alok Industries said it has posted a 16.76% increase in net profit at Rs 71.19 crore in the fourth quarter. The company’s net sales in the March quarter grew by 25.33% to Rs 908.39 crore, Alok Industries said in a statement. For the year ended March 31, 2009, the company had a net profit of Rs 196.12 crore, a 16.92% jump over the year-ago period, it said adding, net sales grew 36.67% to Rs 2,966.38 crore in FY’09 against Rs 2,170.41 crore earlier. Earnings per share for FY 2009 worked out to Rs 9.99 as compared to Rs 11.40 for the same period of the last fiscal, the statement said.
KEC Q4 net dips 19%
KEC International Ltd (KEC) said that net profit for the fourth quarter dipped 19% to Rs 73.26 crore versus Rs 90.79 crore during the year ago period, even as it incurred a foreign exchange loss of Rs 32.76 crore during the quarter. Revenues for Q4 FY09 were Rs 1,134.58 crore, versus Rs 1,031.03 crore earlier. For the financial year 2008-09, the company reported a net profit at Rs 116.29 crore versus last year?s Rs 172.16 crore. Revenues were Rs 3,427.39 crore as against Rs 2,814.48 crore in the previous year.
Kansai Nerolac PAT falls
Kansai Nerolac Paints Ltd posted a profit after tax of Rs 20.08 crore for the quarter ended March 31, 2009, as against Rs 23.96 crores, reflecting a degrowth of 16.25%. Net sales is Rs 313.55 crore against Rs308.41 crores, registering a growth of 1.7%. The net profit of the company for the year ended March 31, 2009 went down to Rs 98.59 crore from Rs 119.79 crore in the previous year, a decrease of 17.7% over the previous year. The net sales for the year ended March 31, 2009 registered at Rs 1,374.52 crore as compared to Rs 1,319.75 crore.
Firstsource profit up 94.4%
Firstsource Solutions said its profit after tax for the fourth quarter ended March 31, 2009 was at Rs 40.8 crore, up 94.4% year-on-year compared to Rs 21 crore for the quarter ended March 2008. Its revenues for the quarter were at Rs 4,72.3 crore, up 25.7% Y-o-Y compared to Rs 375.6 crore for the same period last year.
Bharati Shipyard net up
Bharati Shipyard reported net profit of Rs 35.6 crore for the quarter ended March 31, 2009 as compared to Rs 32.6 crore during the corresponding quarter last year. For the financial year ended March 31, 2009, it posted an increase of 21% in its net profit to Rs 130.03 crore for the financial year ended March 31, 2009 as compared to Rs 107.45 crore.
SIB clocks highest ever profit
Kerala-based South Indian Bank (SIB) has recorded its highest ever net profit of Rs 194.75 crore in 2008-09. Billed as its best performance in its 80 year history, the bank’s aggregate business crossed Rs 30,237 crore in March 2009, comprising Rs 18,092 crore in deposits and Rs 12,145 crore as advances, a press release issued by SIB after its annual board meeting said. The net profit increased to Rs 194.75 crore from Rs 151.62 crore the previous year, operating profit to Rs 358.75 crore from Rs 273.35 crore and net interest income to Rs 522.88 crore from Rs 376.14 crore.
