Tata Motors net up 22.20 per cent at Rs 466.75 cr
Tata Motors Ltd has posted profit after tax of Rs 466.76 crore for the quarter ended June 2007 as compared to Rs 381.85 crore shown during the same quarter in 2006.
Total income for the quarter has increased to Rs 6,143.14 crore from Rs 5,835.47 crore in the year-ago period.
Hindalco Q1 net flat at 603 cr
Hindalco Industries Ltd has recorded a net profit of Rs 602.90 crore for the quarter ended June 2007 as compared to Rs 601.50 crore during the corresponding quarter in 2006.
Aurobindo Pharma net up 62 per cent at Rs 58 cr
Pharmaceutical company Aurobindo Pharma on Tuesday posted 61.66 per cent increase in net profit at Rs 58.54 crore for the quarter ended June 2007, as compared to Rs 36.21 crore for the same quarter last year. Total income (net of excise) of the company has risen 22.07 per cent to Rs 512.91 crore for the quarter ended June 2007, from Rs 420.17 crore for the corresponding quarter a year ago.
The group recorded a net profit after minority interest of Rs 61.73 crore and total income (net of excise) of Rs 565.87 crore for the quarter ended June 2007. During the first quarter of financial year 2007-08 the Research and Development (R&D) expenses incurred was about Rs 39.94 crore as against Rs 14.16 crore in the corresponding quarter of the previous year. Benefits of these R&D efforts are expected to accrue in the future, the company said.
Exports of the company have grown by 10.2 per cent to Rs 277.2 crore in spite of steep appreciation of rupee against the US dollar. The formulations sales have grown by 28.3 per cent to Rs 134.3 crore. During the quarter ended June 2007, 12 ANDAs (Abbre viated New Drug Application) and 2 DMFs (Drug Master File) are filed in the USA. The company has received 7 ANDA approvals from the USFDA and has ramped up the filings in Europe and other key regulated markets.
Shares of the company were trading at Rs 653.05, down 0.84 per cent on BSE in afternoon trade
Torrent Pharma Q1 net up 6% at Rs 33 cr
Torrent Pharmaceuticals on Tuesday posted a 5.79 per cent increase in net profit at Rs 33.24 crore for the first quarter ended June 2007, as compared to Rs 31.42 crore for the same period previous fiscal. Total income of the company has risen 16 .77 per cent to Rs 246.58 crore for the quarter from Rs 211.16 crore a year ago, the company informed the BSE. The group has reported a net profit of Rs 26.78 crore for the quarter ended June 2007, as compared to Rs 16.23 crore for the corresponding per iod of the previous year. Total income increased to Rs 334.57 crore for the quarter ended June 2007 from Rs 296.41 crore in the year-ago period.
The consolidated sales for the quarter increased 11 per cent to Rs 331 crore as against Rs 299 crore registered during previous quarter. The company said after adjusting for the effect of sales spillover due to implementation of VAT in eight states in t he first quarter of previous year, the domestic formulations sales grew by 22 per cent during the quarter. This growth was largely due to buoyant performance in diebetology and cardiology divisions and increasing market share of new products introduced in the previous year.
During the quarter, Torrent Pharmaceuticals' Brazilian operations clocked a slower growth of 19 per cent with sales of Rs 37 crore, up from Rs 31 crore last quarter. In the German market, price erosions were offset by significant volume expansion. Share s of the company were trading at Rs 224, down 0.13 per cent on the BSE in afternoon trade
MICO Q2 slips 32.34 per cent to Rs 164.25 cr
Machine tools manufacturer Motor Industries Co Ltd (MICO) on Tuesday registered a 32.34 per cent fall in net profit at Rs 164.25 crore for the quarter ended June 2007, against Rs 242.78 crore for the corresponding quarter a year ago.
Total income of the company has increased 18.20 per cent to Rs 1,100.44 crore for the June quarter from Rs 930.99 crore for the June quarter in the year-ago period.
Nitin Spinners net dips to Rs 44 lakh
Export oriented unit Nitin Spinners on Tuesday clocked a 69.15 per cent fall in net profit at Rs 44.19 lakh for the quarter ended June 2007, hit by appreciating rupee, higher interest cost and higher depreciation on new plants and machinery.
The company had posted a net profit of Rs 143.28 lakh for the corresponding quarter a year ago. Total turnover of the company has moved up 73.81 per cent at Rs 45.19 crore during the June quarter against Rs 26 crore in the corresponding period last year, Nitin Spinners informed the NSE.
The company also said implementation of expansion projects for installation of additional rotor spinning capacity and coal-based thermal power plant at a total outlay of Rs 78 crore are in progress as per schedule. The export sales of Nitin Spinners hav e increased to Rs 34.03 crore from Rs 21.49 crore, while the operating profit have risen to Rs 8.57 crore from Rs 5.28 crore.
Hinduja TMT first quarter PAT at Rs 11 cr
Outsourcing major Hinduja TMT posted a profit after tax (PAT) of Rs 11.20 crore for the quarter ended June 30, whereas the same was at Rs 167.05 crore for the same quarter last year.
Total income of the company was Rs 16.17 crore for the quarter ended June 30, while the same was at Rs 285.01 crore for the corresponding quarter a year ago, Hinduja TMT informed the Bombay Stock Exchange on Tuesday.
The results of the current quarter are not comparable with those of the corresponding previous quarter in view of the demerger of IT/ITES undertaking of the company with effect from October 1, 2006, Hinduja TMT said.
The group recorded a profit after minority interest of Rs 14.08 crore and total income was Rs 60.69 crore for the quarter ended June 30, 2007.
The company received initial revenue of Rs 500 lakh on account of its real estate development business in Bangalore.
The demerger was pursuant to the scheme of arrangement and reconstruction sanctioned by Bombay High Court and made effective on March 7 this year.
Ingersoll Rand Q1 net soars to Rs 158 cr
Construction and mining machinery maker Ingersoll Rand India on Tuesday posted a nearly 19-fold leap in net profit to Rs 158.90 crore for the quarter ended June 30, compared with Rs 8.38 crore for the same quarter last year.
Total income of the Bangalore-headquartered firm has increased 9.39 per cent to Rs 131.13 crore for the June quarter from Rs 119.87 crore in the corresponding quarter the previous year, Ingersoll informed the Bombay Stock Exchange.
The company also said its parent company US-based Ingersoll Rand Company Ltd has agreed to sell the utility, attachments and bobcat business worldwide to Korea's Doosan Infracore for $4.9 billion (about Rs 198.26 crore).
The proposal for sale of the business, which forms part of the construction technologies and compact vehicle technologies segment of Ingersoll would be placed before the board of directors for consideration.
However, the parent company has already made a global announcement of the sale.
Doosan Infracore provides construction equipment, industrial vehicles, machine tools, automation systems, diesel engines and defense products.
Tata Motors Ltd has posted profit after tax of Rs 466.76 crore for the quarter ended June 2007 as compared to Rs 381.85 crore shown during the same quarter in 2006.
Total income for the quarter has increased to Rs 6,143.14 crore from Rs 5,835.47 crore in the year-ago period.
Hindalco Q1 net flat at 603 cr
Hindalco Industries Ltd has recorded a net profit of Rs 602.90 crore for the quarter ended June 2007 as compared to Rs 601.50 crore during the corresponding quarter in 2006.
Aurobindo Pharma net up 62 per cent at Rs 58 cr
Pharmaceutical company Aurobindo Pharma on Tuesday posted 61.66 per cent increase in net profit at Rs 58.54 crore for the quarter ended June 2007, as compared to Rs 36.21 crore for the same quarter last year. Total income (net of excise) of the company has risen 22.07 per cent to Rs 512.91 crore for the quarter ended June 2007, from Rs 420.17 crore for the corresponding quarter a year ago.
The group recorded a net profit after minority interest of Rs 61.73 crore and total income (net of excise) of Rs 565.87 crore for the quarter ended June 2007. During the first quarter of financial year 2007-08 the Research and Development (R&D) expenses incurred was about Rs 39.94 crore as against Rs 14.16 crore in the corresponding quarter of the previous year. Benefits of these R&D efforts are expected to accrue in the future, the company said.
Exports of the company have grown by 10.2 per cent to Rs 277.2 crore in spite of steep appreciation of rupee against the US dollar. The formulations sales have grown by 28.3 per cent to Rs 134.3 crore. During the quarter ended June 2007, 12 ANDAs (Abbre viated New Drug Application) and 2 DMFs (Drug Master File) are filed in the USA. The company has received 7 ANDA approvals from the USFDA and has ramped up the filings in Europe and other key regulated markets.
Shares of the company were trading at Rs 653.05, down 0.84 per cent on BSE in afternoon trade
Torrent Pharma Q1 net up 6% at Rs 33 cr
Torrent Pharmaceuticals on Tuesday posted a 5.79 per cent increase in net profit at Rs 33.24 crore for the first quarter ended June 2007, as compared to Rs 31.42 crore for the same period previous fiscal. Total income of the company has risen 16 .77 per cent to Rs 246.58 crore for the quarter from Rs 211.16 crore a year ago, the company informed the BSE. The group has reported a net profit of Rs 26.78 crore for the quarter ended June 2007, as compared to Rs 16.23 crore for the corresponding per iod of the previous year. Total income increased to Rs 334.57 crore for the quarter ended June 2007 from Rs 296.41 crore in the year-ago period.
The consolidated sales for the quarter increased 11 per cent to Rs 331 crore as against Rs 299 crore registered during previous quarter. The company said after adjusting for the effect of sales spillover due to implementation of VAT in eight states in t he first quarter of previous year, the domestic formulations sales grew by 22 per cent during the quarter. This growth was largely due to buoyant performance in diebetology and cardiology divisions and increasing market share of new products introduced in the previous year.
During the quarter, Torrent Pharmaceuticals' Brazilian operations clocked a slower growth of 19 per cent with sales of Rs 37 crore, up from Rs 31 crore last quarter. In the German market, price erosions were offset by significant volume expansion. Share s of the company were trading at Rs 224, down 0.13 per cent on the BSE in afternoon trade
MICO Q2 slips 32.34 per cent to Rs 164.25 cr
Machine tools manufacturer Motor Industries Co Ltd (MICO) on Tuesday registered a 32.34 per cent fall in net profit at Rs 164.25 crore for the quarter ended June 2007, against Rs 242.78 crore for the corresponding quarter a year ago.
Total income of the company has increased 18.20 per cent to Rs 1,100.44 crore for the June quarter from Rs 930.99 crore for the June quarter in the year-ago period.
Nitin Spinners net dips to Rs 44 lakh
Export oriented unit Nitin Spinners on Tuesday clocked a 69.15 per cent fall in net profit at Rs 44.19 lakh for the quarter ended June 2007, hit by appreciating rupee, higher interest cost and higher depreciation on new plants and machinery.
The company had posted a net profit of Rs 143.28 lakh for the corresponding quarter a year ago. Total turnover of the company has moved up 73.81 per cent at Rs 45.19 crore during the June quarter against Rs 26 crore in the corresponding period last year, Nitin Spinners informed the NSE.
The company also said implementation of expansion projects for installation of additional rotor spinning capacity and coal-based thermal power plant at a total outlay of Rs 78 crore are in progress as per schedule. The export sales of Nitin Spinners hav e increased to Rs 34.03 crore from Rs 21.49 crore, while the operating profit have risen to Rs 8.57 crore from Rs 5.28 crore.
Hinduja TMT first quarter PAT at Rs 11 cr
Outsourcing major Hinduja TMT posted a profit after tax (PAT) of Rs 11.20 crore for the quarter ended June 30, whereas the same was at Rs 167.05 crore for the same quarter last year.
Total income of the company was Rs 16.17 crore for the quarter ended June 30, while the same was at Rs 285.01 crore for the corresponding quarter a year ago, Hinduja TMT informed the Bombay Stock Exchange on Tuesday.
The results of the current quarter are not comparable with those of the corresponding previous quarter in view of the demerger of IT/ITES undertaking of the company with effect from October 1, 2006, Hinduja TMT said.
The group recorded a profit after minority interest of Rs 14.08 crore and total income was Rs 60.69 crore for the quarter ended June 30, 2007.
The company received initial revenue of Rs 500 lakh on account of its real estate development business in Bangalore.
The demerger was pursuant to the scheme of arrangement and reconstruction sanctioned by Bombay High Court and made effective on March 7 this year.
Ingersoll Rand Q1 net soars to Rs 158 cr
Construction and mining machinery maker Ingersoll Rand India on Tuesday posted a nearly 19-fold leap in net profit to Rs 158.90 crore for the quarter ended June 30, compared with Rs 8.38 crore for the same quarter last year.
Total income of the Bangalore-headquartered firm has increased 9.39 per cent to Rs 131.13 crore for the June quarter from Rs 119.87 crore in the corresponding quarter the previous year, Ingersoll informed the Bombay Stock Exchange.
The company also said its parent company US-based Ingersoll Rand Company Ltd has agreed to sell the utility, attachments and bobcat business worldwide to Korea's Doosan Infracore for $4.9 billion (about Rs 198.26 crore).
The proposal for sale of the business, which forms part of the construction technologies and compact vehicle technologies segment of Ingersoll would be placed before the board of directors for consideration.
However, the parent company has already made a global announcement of the sale.
Doosan Infracore provides construction equipment, industrial vehicles, machine tools, automation systems, diesel engines and defense products.
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