Berger Paints PAT up 87%
Berger Paints has recorded a 87 per cent jump in profit after tax (PAT) to touch Rs 28 crore for the quarter ended December 31, 2009, compared to Rs 15 crore in the corresponding previous. Net sales for the company jumped 19 per cent to touch Rs 425 crore for the quarter, up from Rs 358 crore in the corresponding previous. The company raised Rs 135 crore during the quarter through equity infusion for financing its growth activities which includes setting up a factory in South India. "There are signs of recovery in all sectors of the paint industry, particularly in the industrial coatings segment," Berger said in a release.
Dunlop profit at Rs 64 lakh
Ruia Group-owned tyre maker Dunlop India has reported a net profit of Rs 64 lakh for the quarter ending December 31, compared to a net loss of Rs 6.90 crore for the corresponding period of the last financial year. The firm registered a 15.97 per cent growth in total revenue, on a quarter-on-quarter basis, with an income of Rs 41.90 crore for the quarter under review. “With both the plants of the Company at Sahaganj and Ambattur operational, the future for Dunlop looks bright. The trading has resumed trading after a gap of almost 8 years, and the shareholders now will be able to take a call on their investment,” Ruia group chairman Pawan K Ruia said.
Century Extrusions net profit at Rs 90 lakh
Century Extrusions has posted a net profit of Rs 90 lakh in the quarter ended December 31, 2009, against a net loss of Rs 3 lakh in the same period last year. Net sales turnover stood at Rs 33.88 crore against Rs 20.97 crore.