Apollo Hospitals, IAFL & Royal Orchid Hotels Q4 results

CORPORATE SCORECARD

Apollo Hospitals Enterprise Ltd has posted a net profit at Rs 12.4 crore for the quarter ended March 31, 2006 (same as in the previous corresponding quarter. Total income has increased to Rs 195.1 crore (Rs 156.8 crore).

For the year ended March 31, 2006, its net profit has grown by 22 per cent to Rs 60.2 crore from Rs 49.2 crore for the year ended March 31, 2005. Total income was higher by 21 per cent to Rs 719 crore (Rs 595.6 crore).

In consolidated terms, the net profit of the group has grown by 35 per cent to Rs 52 crore (Rs 38.4 crore) for the year ended March 31, 2006. Total income of the group increased to Rs 779.1 crore (Rs 662.1 crore).

The company's board has recommended a dividend of 45 per cent (Rs 4.50 per share).

Indo Asian Fusegear net up 105% to Rs 4 cr

Indo Asian Fusegear (IAFL), has reported sales and net profit of Rs 44.64 crore and Rs 4 crore for the quarter ended March 31, 2006, higher by 55 per cent and 105 per cent respectively over the corresponding quarter of the previous year.

The company reported sales of Rs 156 crore for 2005-06, a growth of 27 per cent over the previous fiscal and net profit of Rs 15.81 crore for 2005-06, a net increase of 44 per cent over the previous year's figures.

Exports rose 126 per cent to Rs 21.56 crore in 2005-06, compared with Rs 9.53 crore for the previous year.

The company has also set up an $8.5 million electrical equipment project in Saudi Arabia to manufacture electrical products including energy saving compact fluorescent lamps (CFLs) and HID lamps.

Indo Asian Fusegear has commissioned its new manufacturing facility at Haridwar to manufacture CFLs, wires and cables and switchgear equipment.

A new plant to manufacture PLL tubes & T5 tube lights is also being set up. The capital expenditure programme spread across 2005-06 and 2006-07 would be Rs 66 crore.

Royal Orchid Hotels' profit up 56 per cent

Royal Orchid Hotels Ltd, promoted by Chander Baljee, posted 56 per cent rise in net profit to Rs 23.04 crore in FY06 from Rs 14.77 crore in FY05. Turnover went up 47 per cent to Rs 85.97 crore from Rs 58.18 crore in the previous year.

Similarly, operating profit was up 48 per cent from Rs 26.14 crore in 2004-05 to Rs 38.44 crore in 2005-06.The firm declared a maiden dividend of 50 per cent. The consolidated net profit after tax for the last quarter (March 31, 2006) was at Rs 7.99 crore.

"This is basically because the corporate events are spread across the year. The figures only reflect the activity in the hospitality industry,"said Baljee. Baljee said the company aimed to achieve 50 per cent year on year growth.

"In alignment with our growth strategy, the expansion plans will help the group keep pace with the booming hospitality industry, which is currently growing over 40 per cent. We are expanding to many other metropolitan cities. We hope to achieve the same growth next year also," he added.