Wockhardt net loss at Rs 181 cr; India Cements profit declines

Written by fe Bureaus | Agencies | New Delhi/Mumbai/ Chennai | Updated: Jan 27 2010, 04:02am hrs
Wockhardt Ltd reported a net loss of Rs 181 crore for its fourth quarter ending December 31, 2009 against Rs 357 crore for the same quarter of previous year. Consolidated sales revenues stood at Rs 889 crore against Rs 997 crore, decline of about 9%. Operating profit (EBIDTA) was Rs 134 crore. Wockhardts India branded business grew by 23% in the fourth quarter of 2009 over the corresponding period of 2008.

Godrej net up eight times

Godrej Industries Ltd registered an eight-fold jump in its net profit at Rs 43.80 crore for the quarter ended December 31, 2009, over the year-ago period. The company had reported net profit of Rs 5.04 crore for the same quarter previous fiscal.

TTML net loss at Rs 103 crore

Tata Teleservices (Maharashtra) Ltd (TTML) narrowed its losses from Rs 116.12 crore in September 2009 quarter to Rs 103.29 crore in the quarter ended December 2009. Its revenues increased from Rs 5,42.7 crore last quarter to Rs 601 crore this quarter. The firm has a gross debt of Rs 3447 crore with cash in hand at Rs 21 crore.

Cadila net jumps two-fold

Cadila Healthcare reported two-fold increase in its net profit at Rs 130 crore for the third quarter ended December 31, 2009. The companys net profit stood at Rs 61 crore for the same quarter last fiscal. During the quarter under consideration, the total income of the company rose to Rs 993 crore, registering growth of 31% compared to Rs 761 crore for the comparable quarter last fiscal.

Sharp price fall hits ICL profit

Following a sudden and sharp drop in per tonne price realisation coupled with lack of demand in Andhra Pradesh and Karnataka, India Cements Ltd (ICL) reported a 44% drop in its net profit for the third quarter ended December 31, 2009, to Rs 34.80 crore as compared to Rs 61.91 crore during the same quarter last fiscal. The net sales, however, shot up sharply to Rs 864.12 crore during the quarter as compared to Rs 754.82 crore in the Q3 of FY09 owing to 38% increase in sale of cement and clinker during the quarter. Despite sharp drop in prices and lack of demand, the company did perform well than expected internally and we hope to do well in the fourth quarter, said N Srinivasan, vice-chairman & MD, India Cements. The EBITDA margins were down at Rs 128 crore against Rs 197 crore in the same quarter last fiscal.

Voltas net surges 86%

Voltas Ltd said its consolidated net profit rose by 85.80% to Rs 76.46 crore for the third quarter ended December 31, over the same period last year. The company had a net profit from ordinary activities after tax at Rs 41.15 crore for the same period previous fiscal. Net sales increased to Rs 990.48 crore for the latest quarter against Rs 953.77 crore for the same period last fiscal. Shares of Voltas were trading at Rs 172.80 on BSE, down 4.16%from its previous close.

Gujarat NRE Coke net jumps

Gujarat NRE said its net profit jumped two-fold to Rs 26.6 crore for the quarter ended December 31, 2009, over the same period last year. Total income declined to Rs 321.6 crore for the third quarter ended December 31, from Rs 439.3 crore in the same period previous fiscal. Shares of Gujarat NRE Coke were trading at Rs 81.05 on the BSE, up 2.66% from its previous close.

J Kumar Infra net surges

J Kumar Infraprojects said its net profit surged over two-fold to Rs 16.63 crore for the third quarter ended December 31, over the same period previous fiscal. Net sales rose to Rs 193.72 crore for the latest quarter against Rs 85.74 crore for the same period last fiscal. Shares of J Kumar Infraprojects closed at Rs 190.30 on BSE, up 4.76% from previous close.

LMW profit jumps

Lakshmi Machine Works Ltd (LMW) witnessed a sharp increase in its net profit for the third quarter ended December 31, 2009, to Rs 30.50 crore as against Rs 13.29 crore during the same quarter last fiscal.

Sundaram Brake profit zooms

Sundaram Brake Linings has reported a higher net profit of Rs 2.71 crore for the quarter ended December 31, 2009 as compared to Rs 18 lakh during the same quarter last financial year. The net sales too went up sharply to Rs 54.58 crore as against Rs 38.21 crore.

GlaxoSmithKline profit

GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) posted a profit of 23.6% at Rs 232.80 crore for the year 2009 compared to last financial year (2008). Revenues up by 24.6% at Rs 1,921.50 crore and profit before tax rose by 23.9% at to Rs 353.90 crore during the same period. During the October to December period, (fourth quarter) the profit is Rs 33.70 crore.

Cummins net at Rs 148.16 cr

Cummins India posted net profit of Rs 148.16 crore for the third quarter ended December 31. The company had a net profit from ordinary activities after tax of Rs 133.34 crore for the same period last fiscal. Total income stood at Rs 827.86 crore for the latest quarter.

Blue Star net profit up 32%

Blue Star Ltd posted 5% growth of total income from operations at Rs 595.62 crore for the quarter ended December 31, 2009, as compared to Rs 566.71 crore in Q3FY09. Net profit at Rs 42.33 crore registered growth of 32% compared to Rs 32.19 crore in Q3FY09. Profit before tax excluding exceptional items grew 18% to Rs 47.03 crore for the quarter. PBT including exceptional items recorded an increase of 39%.

Indo Rama Synthetics profit

Indo Rama Synthetics (India) Ltd,on Saturday announced its FY2009-10 unaudited results for the Q3 and nine months ending December 31, 2009. In the quarter ended December 31, 2009, Net Sales was recorded at Rs 613.33 crore, an increase of 15% over Rs 536.14 crore in the corresponding period last year.