April 30, 2007
HLL Q1 Net at Rs 393 crore
MUMBAI/NEW DELHI/KOLKATA, April 30: FMCG major Hindustan Lever today posted a net profit of Rs 392.89 crore for the quarter ended 31 March, against Rs 442.86 crore for the same quarter last year.
The total income of the company was Rs 3275.12 crore for the first quarter ended March 31, against Rs 2,867.41 crore for the corresponding quarter a year ago, Hindustan Lever informed the Bombay Stock Exchange.
The results for the quarter are not comparable to the corresponding quarter of 2006 because of the amalgamation of Modern Foods (India) Ltd and its subsidiary with itself, the company added. The merger of Modern Food Industries (India) Ltd (MFIL) and Modern Food and Nutrition Industries Ltd (MFNIL) with itself was completed on 30 March.
The RPG-Group controlled power utility company, CESC Ltd today posted a 38.63 per cent increase in profit after tax (PAT) at Rs 61 crore for the quarter ended 31 March, as compared to Rs 44 crore for the same quarter last year. The total income of the company, however, decreased by 4.79 per cent to Rs 576 crore for the quarter ended 31 March, from Rs 605 crore for the corresponding quarter a year ago, CESC informed the Bombay Stock Exchange.
Bank of Maharashtra
Bank of Maharashtra today announced that due to increase in income, both interest and non-interest, as well as a strong recovery performance in 2006-07, its profits going up a whopping five-fold. While the net profit for 2006-07 showed a 435 per cent growth to stand at Rs 271.84 crore, up from Rs 50.79 crore the previous year, the figures for the last quarter were stood at Rs 75.27 crore as against a loss of Rs 33.41 crore during the same quarter the previous year. Bank of Maharashtra has also revised new rates of interest for new home loan customers while keeping the existing ones at the same level, CMD, Mr MD Mallya, said.
Riding high on its overseas business, banking solutions provider Nucleus Software Exports today reported about 28 per cent increase in its net profit at Rs 13.95 crore for the fourth quarter ended March 31. The company had earned net profit of Rs 10.90 crore during the fourth quarter in the previous year.
Eastern Silk Industries Ltd has reported a 188 per cent jump in net profit to Rs 15.46 crore in the quarter ended 31 March 2007 from Rs 5.36 crore in the corresponding period of the previous year.
Lubricant oil maker Castrol India today said it has registered a 29.18 per cent growth in net profit at Rs 41.52 crore for the first quarter ended March 31, compared to Rs 32.14 crore in the same period a year ago. The company also recorded a 18.28 per cent rise in total income at Rs 449.40 crore for the JanuaryMarch quarter, against Rs 379.94 crore in the corresponding period in 2006, Castrol India informed the Bombay Stock Exchange.
IT firm MindTree Consulting Ltd has clocked a net profit of 90.05 crore during fiscal 2006-07, up 66.1 per cent over Rs 54.21 crore in the previous fiscal. The revenues increased by 31.5 per cent to Rs 590.35 crore in the year ended March 31 from Rs 448.80 crore last year, company’s chairman and managing director, Mr Ashok Soota, said. Indoco Remedies For the third quarter ended 31 March 2007, Indoco Remedies’ net sales grew by 53 per cent to Rs 73.60 crore (Rs 48.07 crore) while net profit increased by 48 per cent to Rs 2.10 crore (Rs 1.42 crore)