1-in-6 listed firms' H1 net crosses FY06 mark

One in every six listed companies has surpassed last full year's net profit in the first half of 2006-07. The net profit of 321 firms increased to Rs 10,370 crore in the first half of 2006-07 when compared with Rs 6,157 crore in 2005-06. The rise in net profit was 13 per cent in the first half of 2005-06.

Of the 321 firms, the net profit of 114 has more than doubled in the first half. Sales of 321 firms increased 44 per cent in the period, compared with 24 per cent in 2005-06.

"With the economy on a roll, we expect more companies to put up a better show. Firms that have been in the red will stage a turnaround, and those posting profits will substantially improve their bottom line," said the chief financial officer of a manufacturing company.

Of the 321 firms, 34 are non-banking finance companies, 27 infotech firms, 13 cement firms, 12 steel firms, 11 cotton textile firms, 10 pharmaceutical firms and eight each from the organic chemicals and the mini steel sector.

Other sectors to have participated in the profit boom are tea, construction, sugar, diversified, biotechnology and hotels.

Firms that have reported spectacular performances include Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Hindustan Zinc, Hinduja TMT, Dr Reddy's Laboratories, UltraTech Cement, India Cement, Madras Cement, Shree Cement, Birla Corporation, Kirloskar Brothers, Tata Tea, Raymond and Century Textile.

HPCL posted a profit of Rs 1,222 crore in the second quarter ended September 2006, compared with a loss of Rs 608 crore in the first quarter ended June 2006.

The company posted a profit of Rs 406 crore for 2005-06. BPCL, too, reported a profit of Rs 1,259 crore in the second quarter, against a net loss of Rs 677 crore in the first. The company posted a profit of Rs 292 crore in 2005-06. 

ROARING TIMES
(Figures in Rs crore)	Sales (12 mths)	Sales (6 mths)	Net profit (12 mths)	Net profit (6 mths)
	Apr'05 to Mar'06	Apr'06 to Sep'06	Apr'05 to Mar'06	Apr'06 to Sep'06
Hindustan Zinc	3877.00	4051.00	1472.00	2172.00
Hinduja TMT	251.67	378.48	40.27	675.25
HPCL	71037.92	45041.56	405.63	614.31
BPCL	77035.90	48132.70	291.60	581.20
Dr Reddy's Labs	2004.45	1537.38	211.13	404.47
UltraTech Cement	3299.45	2184.86	229.76	338.28
Kirloskar Brothers	924.63	610.03	163.10	267.99
India Cements	1829.44	1078.17	45.31	229.91
Tata Tea	982.05	528.35	186.93	208.48
Vijaya Bank	2311.80	1287.64	126.88	174.96
Unitech	653.13	652.52	69.65	174.09
SRF	1292.29	932.32	104.77	169.87
Madras Cements	1008.45	748.14	79.02	168.92
Shree Cement	667.69	625.35	18.40	168.19
Raymond	1324.74	639.21	121.18	153.08
Century Textiles	2578.27	1463.61	109.05	144.52
EID Parry	926.18	328.38	115.84	134.61
Birla Corpn	1215.49	713.60	125.76	129.90
Bank of Maharashtra	2347.25	1207.13	50.79	122.25
Kesoram Ind	1877.82	1130.97	45.71	120.21
McLeod Russel	511.52	240.54	22.92	102.52
Dalmia Cem (Bharat)	571.43	457.36	84.85	102.28
United Spirits	1380.12	1287.03	51.32	101.44
Gujarat Fluorochemicals	182.03	247.38	96.33	100.29
Panacea Biotec	536.35	407.66	60.94	96.29
Aurobindo Pharma	1472.20	918.56	69.37	90.85
Deccan Chronicle	330.88	258.85	67.86	87.56
Dena Bank	1760.13	1003.89	72.99	87.24
Hotel Leela Venture	326.95	157.50	73.11	84.84
Bank Of Rajasthan	539.38	333.77	15.26	75.27
Ciba Specialty Chemicals	624.00	297.70	33.40	72.70
Chettinad Cement	485.49	360.44	40.06	62.82
JK Lakshmi Cement	582.48	351.95	55.45	62.22
Nava Bharat Ventures	466.27	251.10	58.01	60.31
HT Media	821.01	489.06	37.27	57.53
South Indian Bank	761.32	444.46	50.90	56.70
ING Vysya Bank	1222.44	660.11	9.06	56.18
Lok Housing	86.64	134.96	22.63	52.58
S Kumars Nationwide	889.73	543.59	49.93	52.44
Himachal Futuristic	755.92	473.98	42.89	48.11
Marathon Nextgen	24.62	88.85	11.23	48.06
Anant Raj Ind	20.54	16.40	29.05	47.04
Orient Paper & Ind	850.30	487.82	21.58	46.14
Zuari Ind	2180.63	1286.51	26.17	42.23
Jagran Prakashan	478.16	278.40	31.70	40.44
Navneet Publications	294.28	234.18	35.49	38.80
JK Cement	873.70	306.32	32.60	36.40
Polaris Software	683.94	425.48	13.30	35.99
Adlabs Films	106.25	101.14	26.31	32.52
Moser Baer	1664.12	931.40	4.67	32.44
Sri Ramakrishna Mills	61.51	47.03	0.03	32.38
Godavari Fert & Chem	1519.99	995.19	26.10	29.19
Era Constructions	310.84	282.43	27.15	28.93
Himadri Chemicals	206.98	197.39	24.04	28.13
Northgate Technologies	81.92	46.53	25.41	27.25
ICSA (India)	84.12	134.22	17.46	27.22
Godawari Power & Ispat	233.48	207.35	22.50	27.19
Prajay Engineers Syndicate	73.69	69.05	23.51	26.66
Praj Ind	267.50	228.14	24.41	25.90
BSEL Infrastructure	45.96	28.45	21.99	22.07
Subhash Projects	367.60	298.83	21.05	21.55
Shree Precoated Steels	928.42	597.90	15.47	21.34
Magma Leasing	143.69	94.88	20.17	20.24
Thirumalai Chemicals	367.43	282.44	14.53	20.22
Kirloskar Pneumatic	303.65	105.97	10.61	20.17
K S Oils	608.18	441.90	15.17	19.61
Dharani Sugars	327.43	170.63	7.13	19.35
Bombay Rayon Fashions	198.98	184.48	18.18	19.11
Seshasayee Paper	419.17	218.10	17.91	18.83
Gujarat Sidhee Cement	284.18	183.32	12.67	17.89
Sasken Comm Techno	267.54	170.39	12.91	17.08
Panchmahal Steel	326.78	185.53	15.59	16.64
Eskay K'n'it	429.07	245.31	2.40	15.36
Sagar Cements	75.89	55.76	2.84	15.29
Mirza International	235.40	158.97	11.79	15.26
Jindal South West Holdings	12.12	15.03	6.09	14.49
Max India	139.24	101.05	5.89	14.20
Visa Steel	384.04	262.25	12.48	13.73
Marg Constructions	57.63	53.17	8.19	13.03
Ankur Drugs & Pharma	136.20	121.95	11.26	12.91
NCL Ind	127.09	82.90	3.42	12.88
Banco Prod	172.66	119.52	12.71	12.82
Deccan Cements	123.17	81.97	8.94	12.67
Jay Shree Tea	214.48	115.17	10.65	12.57
NESCO (New Standard Engg)	45.41	28.78	9.90	12.42
Sathavahana Ispat	181.63	142.73	0.29	11.94
Zenith Infotech	35.38	28.12	10.74	11.77
Facor	145.38	94.52	11.48	11.73
Sandesh	131.54	66.14	2.77	11.48
Karuturi Networks	29.97	30.18	11.06	11.36
Vipul	143.00	77.22	8.96	11.20
Ushdev International	153.70	236.22	3.28	11.13
Navin Fluorine Int'l	232.76	132.06	8.55	10.99
ANG Auto	57.20	53.23	9.56	10.98
Albert David	116.81	74.33	7.42	10.71
Andhra Petro	193.52	120.12	2.25	10.26
Polychem	2.28	11.44	0.65	10.22
Gillanders Arbuthnot & Co	229.22	103.25	4.28	10.07
Balaji Amines	128.61	91.47	9.07	10.03
Dhunseri Tea	57.44	34.85	3.48	9.68
Super Sales India	84.27	49.01	8.58	9.10
GVK Power and Infrastructure	11.36	5.70	8.10	8.96
Jagatjit Ind	298.14	208.56	6.71	8.85
Agro Dutch Ind	143.07	106.35	5.17	8.64
Aro Granite Ind	78.19	53.56	7.94	8.53
GV Films	18.59	14.39