Exports to regulated markets such as the US and Europe helped drug major Alembic Ltd to post a net profit of Rs 15.34 crore for the quarter ended March 31, 2008, an increase of 38.8 per cent over the Rs 11.05 crore posted in the corresponding period in the previous year.
Sales for the fourth quarter stood at Rs 268 crore, a growth of 58.57 per cent as compared to Rs 169 crore in the fourth quarter of the corresponding previous year.
Net profit for the year ended March 31, 2008 rose by 57.7 per cent to Rs 112 crore, as against Rs 71 crore in the previous financial year. Alembic reported net sales for the year ended March 31, 2008 at Rs 1,027 crore, up by 42.24 per cent as compared to Rs 722 crore in the year-ago period.
The company's sales to regulated markets for the full year was Rs.189.02 crore as against Rs 49.87 crore in last fiscal, and for the quarter it was Rs 71.72 crore against Rs 11.25 crore in previous corresponding quarter.
Earnings per share (EPS) for the year ended March 31, 2008 worked out to Rs 8.10 as compared to Rs 5.10 for the previous year.
More From This Section
Alembic has declared a 75 per cent dividend at Rs 1.50 per equity share, against a dividend of Rs 1 per equity share for last year.
Shiv-Vani Oil net rises 109 per cent
Shiv-Vani Oil & Gas Exploration Services posted a 109 per cent rise in net profit to Rs 19.23 crore in the quarter ended March 2008 compared with Rs 9.19 crore in the quarter ended March 2007.
The higher net profit was due to a 118 per cent rise in net sales to Rs 137.19 crore during the quarter from Rs 62.81 crore in the year-ago period.
The company's expenditure during the quarter more than doubled to Rs 83.12 crore from Rs 40.29 crore in the previous corresponding quarter. The earnings per share stood at Rs 4.38.
TII Q4 standalone profit halves
Tube Investments of India's (TII) standalone profit after tax (PAT) during the fourth quarter ended March 2008, dropped by 52 per cent to Rs 9.14 crore from Rs 19.41 crore. Profit before tax (PBT) also fell by 47 per cent to Rs 16.56 crore from Rs 31.29 crore.
Net sales grew 11 per cent to Rs 486.86 crore from Rs 435.09 crore.
TII's total revenues during the quarter increased by 10 per cent to Rs 489.63 crore from Rs 441.18 crore.
The consolidated PAT during the quarter dropped by 84 per cent to Rs 4.40 crore from Rs 28.07 crore. PBT dropped by 72 per cent to Rs 11.90 crore in 2007-08 from Rs 43.08 crore in the corresponding period last year.
Net sales rose 26 per cent to Rs 657.19 crore from Rs 520.53 crore. Total consolidated revenues of the company increased by 25 per cent to Rs 666.94 crore from Rs 531.35 crore.
L Ramkumar, managing director, TII said the company's profitability was affected due to slowdown in some segments of the auto industry and increase in input cost and cost reduction efforts.
For the whole year (FY08), the company's consolidated PAT dropped 59 per cent to Rs 69.58 crore from Rs 171.59 crore. PBT dropped by 49 per cent to Rs 109.55 crore from Rs 218.17 crore. Total revenue increased by 22 per cent to Rs 2,348.26 crore from Rs 1,910.58 crore.
Tube Investments of India comprises TI Cycles of India, Tube Products of India, TI Metal Forming.