| GTL Ltd has posted a lower net profit of Rs 7.85 crore in the first quarter ended June 30, 2005, down by 81.82 per cent from Rs 43.19 crore recorded for the same period of the previous fiscal. |
| The company's total income fell to Rs 119.01 crore during the quarter under review, from Rs 159.99 crore posted during the same period of previous fiscal, GTL said in a release here today. |
| On a consolidated basis, the group posted a lower net profit of Rs 11.66 crore during the reporting quarter, compared to Rs 45.99 crore posted during the comparable quarter of earlier fiscal. |
| The fall in net profit was due to a consolidated negative other income of Rs 2.99 crore as against an income of Rs 23.80 crore posted during the corresponding period of the previous year. |
| D-Link Q1 net down |
| D-Link India Limited has posted a lower net profit of Rs 5.44 crore in the first quarter ended June 30, a fall of 20.69 per cent from Rs 6.86 crore posted during the same quarter of previous fiscal. |
| The company's net sales rose to Rs 56.17 crore during the quarter under reveiw from Rs 51.51 crore recorded during the same period a year ago, D-Link said in a press release. |
| The main drivers for growth in net sales were wireless, IP phones, managed switches and cabling products, it said. |
| The company charges all its R&D costs during the period in which they are incurred, resulting in an additional costs of Rs 79 lakh. |
| The R&D has already rolled out new products such as IP Phones and IPPBX. D-Link has also increased the number of its service centres to 13 from the earlier four, with plans to increase to 20 in the near future. |
| The company estimates an additional cost on account of this are Rs 30 lakh. |
| Nestle net up 94% |
| Nestle India reported a 93.5 per cent year-on-year surge in net profit for the second quarter ended June 30, 2005 to Rs 82.77 crore. |
| Net sales rose 19.7 per cent compared with the same period last year to Rs 615.77 crore during the quarter under review, it said. |
| Raymond net up 500% |
| Raymond today announced over 500 per cent growth in net profit at Rs 18.81 crore for the quarter ended June 30, 2005 against Rs 3.14 crore in the corresponding period of the last year. |
| Net sales, during the period, increased by 31 per cent to Rs 245.49 crore from Rs 187.46 crore in the corresponding quarter of the previous year. |
| The company posted a net profit before tax and exceptional items at Rs 276.90 crore against Rs 5.14 crore in the corresponding quarter of the previous year. |
| In accordance with the policy adopted last year, the company has written off Rs. 4 .17 crore for financing of VRS to employees during the quarter. |
| Gautam Hari Singhania, chairman & managing director said, " The outlook for all the company's businesses continues to be buoyant as the economy enters a new growth phase. |
| RPG Life Sciences net up |
| RPG Life Sciences has returned to black in the first quarter of the current year with registering a 589 per cent growth in net profit at Rs 6.55 crore against the corresponding period's net profit of 95 lakh. |
| The company incurred a net loss of Rs 4.67 crore in 2004-05. Net sales, during the first quarter of the current year, went up by 38.25 per cent to Rs 43.62 crore from Rs 31.55 crore in the corresponding period of the last year. |
| Profit before tax rose 573 per cent to Rs 6.93 crore from Rs 1.03 crore. EPS at the end of the quarter stood at Rs 5.27 compared with 76 paise in the corresponding last quarter. |
Top Section
Explore Business Standard