| Gujarat Industries Power Company (GIPCL) posted a nearly three-fold increase in profit after tax (PAT) at Rs 52.12 crore for the quarter ended March 31, compared with Rs 18.17 crore for the same quarter last year. Total income grew 22 per cent to Rs 230.62 crore, from Rs 188.90 crore for the corresponding quarter a year ago, the company informed the Bombay Stock Exchange. The board of directors has declared a final dividend at 5 per cent for 2006-07 in addition to the 15 per cent interim dividend already paid. |
| For the year ended March 31, the company recorded a profit after tax of Rs 182.92 crore compared with Rs 114.81 crore for the period under consideration last year and the total income increased to Rs 882.79 crore from Rs 800.89 crore. GIPCL is engaged in generation and distribution of electricity through its gas and lignite-based power stations. |
| Indusfila net profit at Rs 26 cr |
| Apparel maker Indusfila reported a net profit of Rs 26.14 crore and total income of Rs 273.63 crore for the 2006-07. Since the company, which recently got listed on the bourses, has published audited results for the first time post-IPO, the figures for the corresponding quarter of the previous year are not available. The company projects to achieve sales in the range of Rs 410-421 crore and profit after tax (PAT) of Rs 40-42 crore during 2007-08, Indusfila informed the BSE. |
| Meanwhile, the board of directors of the Bangalore-based firm recommended Rs 1.50 a share (15 per cent) as dividend for equity shares having a face value of Rs 10 each, subject to the approval of its shareholders. The company, which mopped up Rs 82 crore through its initial public offer, proposed to utilise the net proceeds to part finance its Rs 166.24 crore plan for expansion of capacities in weaving, yarn dyeing and setting up of processing and garmenting units. Shares of Indusfila were last trading at Rs 166, up 1 per cent on the BSE. |
| KLG Systel Q4 net up six-fold |
| KLG Systel, a provider of life-cycle solutions in the product design and engineering space, posted an over six-fold jump in net profit to Rs 8.03 crore for the fourth quarter ended March 31, compared with Rs 1.32 crore for the corresponding period in the previous financial year. Gross income more than doubled to Rs 39.08 crore for the January-March quarter compared with Rs 15.86 crore for the same period in 2006, it informed the National Stock Exchange. |
| The board of directors of the company has declared 25 per cent interim dividend "" which will be the final dividend for the year. Shares of the Gurgaon-headquartered company were last trading at Rs 377.15, down 1.24 per cent on the NSE. |
| RCF bottom line drops 58% |
| Rashtriya Chemicals & Fertilisers (RCF) posted 58.21 per cent decline in net profit at Rs 33.31 crore for the quarter ended March 31, compared with Rs 79.72 crore for the same quarter last year. Total income (net of excise), however, increased 10.42 per cent to Rs 949.71 crore for the quarter ended March 31, from Rs 860.05 crore a year ago, RCF informed the Bombay Stock Exchange. For the year ended March 31, the company recorded a net profit of Rs 148.74 crore as against Rs 147.96 crore for the period under consideration last year and total income (net of excise) increased to Rs 3,572.97 crore from Rs 3,114.89 crore. |
| The board of directors declared a final dividend of 10 per cent to the shareholders of the company for 2006-07. The shares of the company closed at Rs 41.25, up 5.50 per cent on the BSE. |
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