GMR Inds, Godrej Consumer & Himachal Futuristic Q4 results

CORPORATE SCORECARD

GMR Industries, the flagship company of the GMR group, recorded 13 per cent decline in net profit for the quarter ended March 2006 to Rs 9.02 crore on a turnover of Rs 74.18 crore, as compared with Rs 10.36 crore net profit on sales turnover of Rs 93.26 crore in the corresponding previous quarter.

However, for the full year ended March 2006, the company recorded 85 per cent increase in net profit to Rs 34.52 crore, as compared with Rs 18.69 crore in the previous year even as the income from operations was down to Rs 267.91 crore during the year from Rs 309.97 crore in last year.

While the decrease in turnover was due to the phasing out of international trade, which had seen volatile margins, rise in net profit was on account of Rs 11 crore received by way of selling the shares of ING Vysya, according to K Narayana Rao, managing director of the company.

The company has proposed an increased dividend of 25 per cent for the year ended March 2006, as compared with 20 per cent in the previous year. Earnings per share for the year stood at Rs 10.08 per share as compared with Rs 5.61 per share last year.

Of the three divisions of the company "� metallurgical, international trade and sugar "� only the sugar division registered growth in turnover which rose to Rs 149.39 crore during the year 2005-06 from Rs 131.98 crore in the previous year.

Narayana Rao said the turnover of international trade, which covered mainly ferro chrome products, had been brought down due to high risk during the year and would be completely withdrawn.

Godrej Consumer net up 4.6% to Rs 30.16 cr

Godrej Consumer Products posted 4.64 per cent increase in net profit for the quarter ended March 2006 to Rs 30.16 crore as compared with Rs 28.82 crore for the corresponding quarter last year.

Total sales (net of excise duty) for the period were Rs 164.12 crore as compared with Rs 138.50 crore for the corresponding quarter last year.

For the full year ended March 2006, the company posted net profit of Rs 121.20 crore as compared to Rs 89.59 crore last year, higher by 18.49 per cent.

Total sales (net of excise duty) for the same period were Rs 657.32 crore, 16.82 per cent higher as compared with Rs 562.67 crore last year. The board of directors has recommended a fourth interim dividend of 125 per cent, totalling 350 per cent for this year.

Himachal Futuristic back in the black

Telecom equipment manufacturer Himachal Futuristic Communications posted net profit of Rs 13.87 crore for the January-March quarter, against loss of Rs 44.78 crore in the year-ago period.

After taking into account the one-time provisions made for Rs 952 crore due to decrease in the value of its investments, Himachal Futuristic recorded a loss of Rs 938.55 crore for the quarter ended March 31, 2006, compared to Rs 135.1 crore loss in the corresponding period last year.

For the full year ended March 2006, net profit rose to Rs 42.89 crore against loss of Rs 84.21 crore in the corresponding period of the previous financial year. Sales turnover was also up 295 per cent at Rs 256.51 crore, an company official said.

"HFCL has turned around and is riding the telecom boom being witnessed in the country. We are looking at a strong forecast for FY07 with significant growth in topline gross margins and EBIDTA margins," said Mahendra Nahata, managing director.

Giving the outlook for 2006-07, the company, which claimed to have an order book at over Rs 760 crore, said it was targeting a sales turnover of Rs 1,000-1,500 crore and net profit of Rs 170-180 crore.

This is a corrected version...