Exide net surges 34 per cent
Exide Industries today declared 34 per cent growth in its gross turnover and 17 per cent growth in net profit during the first quarter of the financial year 2007-08, compared to the corresponding quarter of the previous financial year.
The company’s gross turnover grew to Rs 1135 crore (from Rs 848 crore during Q1 07-08) and profit after tax grew to Rs 82 crore (from Rs 70 crore during Q1 07-08).
Godrej Consumer Q1 PAT flat at Rs 39 crore
Soap-maker Godrej Consumer Products (GCPL) recorded a net sales growth of 26.2 per cent to Rs 365.1 crore led by new launches and price increases for the first quarter ended June 2008. Its net profit grew by just 1.2 per cent to Rs 39.1 crore in the quarter over the same period last year.
The growth in net profit was below expectations due to 50.1 per cent higher tax largely caused from the expansion of its international business and 63 per cent higher advertising spends done in this quarter. High cost pressures and advertising spends impacted margins. The company's profit before interest (PBT) grew by 9.4 per cent to Rs 48.7 crore.
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Hindustan Motors Q1 loss at Rs 8.36 cr
Hindustan Motors Limited (HML), the makers of the Ambassador car, reduced their losses by 8.63 per cent on a year-on-year basis to Rs 8.36 crore in the first quarter of FY09, while the company’s net sales during the quarter increased 34.59 per cent to Rs188.72 crore.
The automotive segment, that accounts for more than 95 per cent of the company’s sales, clocked a 34.66 per cent growth in revenues to Rs188 crore during the quarter under review, while it posted losses worth Rs 4.98 crore.
TTK Prestige Q1 net up
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The company’s operating profit is up 4.27 per cent at Rs 8.30 crore in Q1 as against Rs 7.96 crore clocked last year. The company’s total income for the Q1 grew by 12.54 per cent at Rs 85.84 crore as against Rs 76.27 crore registered in the previous year.
IFGL Refractories PAT at Rs 10.6 cr
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