National Fertilizers Q3 net up 28%
National Fertilizers today announced a 28.42% rise in net profit at Rs 47.03 crore for the quarter ended December 31, 2007 when compared with Rs 36.62 crore in Q3FY07.
According to a release to the Bombay Stock Exchange, the company's total income increased to Rs 1,179.87 crore for the quarter ended December 31, 2007 from Rs 1,092.33 crore for the quarter ended December 31, 2006
Gitanjali Gems Q3 PAT up 62%
Gitanjali Gems, with interests in diamond and jewellery, retail, infrastructure and lifestyle businesses has posted a 61% rise in net profit at Rs 50.5 crore for the quarter ended 31st December 2007 when compared with Rs 31.3 crore in the same quarter of previous year.
Net revenues were up by 56.7% to Rs 1252. crore from Rs 7,99.5 crore in the same quarter of 2006. Earning per share increased to Rs 6.15 from Rs 4.71.
For the nine months ended 31st December 2007, proft after tax (PAT) increased 62.4% to Rs 1,27.3 crore from Rs 78.4 crore in the same quarter of the previous year.
Diluted EPS improved to Rs 15.98 as compared to Rs 12.74 in the same quarter of the previous year.
The net revenues improved by 51.6% to Rs 33,51.29 crore from Rs 22,11.2 crore of 2006.
The company has bought 100% stake in Brightest Circle Jewellery (BCJPL) and acquired ‘Nakshatra Brand’. The acquisition gives Gitanjali the sole rights over Nakshatra as well as a 100% stake in BCJPL which is now a fully-owned subsidiary. Nakshatra is expected to yield sales of approximately Rs 10 billion over the next 5 years. Gitanjali has also raised $180 million through the issue of Global Depositary Receipts (GDRs) at $9.67 per GDR.
The proceeds are to be utilized for expanding the company's new and existing businesses, investing in the company's subsidiaries, both in India and abroad, and to augment funds to meet the working capital requirements. Each GDR represents one equity share of the company at a nominal value of Rs. 10 each.
Mehul Choksi, chairman, Gitanjali Gems, said, "Given the multiple growth initiatives, and a model that is shaping up to be both highly competitive and profitable, we remain very enthusiastic about our outlook for the coming years."
CESC Q3 net up 52% at Rs 93cr
CESC, the flagship company of RPG Enterprises, has reported a 52.4% rise in its standalone net profit at Rs 93 crore for the quarter ended December 31, 2007 as against Rs 61 crore posted in the corresponding period last year.
The company’s total income for the same period rose from Rs 615 crore to Rs 703 crore, thereby clocking a growth of 14.3%.
United Phosphorus Q3 net at Rs 49cr
United Phosphorus today announced profit after tax (PAT) of Rs 48.55 crore for the quarter ended December 31, 2007 when compared with Rs 35.68 crore in Q3FY07.
According to a release to the Bombay Stock Exchange, the company's total income increased to Rs 809.41 crore for the quarter ended December 31, 2007 from Rs 483.96 crore for the quarter ended December 31, 2006.
The company, on a standalone basis, reported a net profit of Rs 7.08 crore for the quarter ended December 31, 2007 as against Rs 49.10 crore in Q3FY07.
The company's total income increased to Rs 426.15 crore for the quarter ed December 31, 2007 from Rs 386.57 crore for the quarter ended December 31, 2006.
The company said that in view of the acquisition of Cerexagri Group of Companies during the March 07 quarter, the current quarterly figures were not comparable with those of corresponding period in the
previous year.
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