| Indiabulls net up 639% in Q1 |
| Indiabulls Financial Services has posted 639 per cent jump in net profit after registering a 326 per cent growth in total revenues in the quarter ended June, 2005. |
| Net profit, during the first quarter of the current year, rose to Rs 40.93 crore from Rs 5.54 crore in the corresponding period of the last year. |
| Total revenues grew to Rs 98.63 crore from Rs 23.13 crore. Profit before tax increased by 600 per cent to Rs 62.11 crore from Rs 8.87 crore. |
| The earnings per share (EPS) stood at Rs 3.01 at the end of the first quarter compared with Rs 0.49 for the corresponding period of the last year. |
| "Indiabulls continues its strong growth momentum as we capitalise on the rapid growth of financial markets in India. Our strong brand, national network and large capital base have positioned us at the heart of growth in the non-banking financial services market, and we are focused on relentlessly executing our business plan," said Sameer Gehlaut, chairman & chief executive officer. |
| The company has a network of 215 offices with over 2400 employees across the country. |
| Rei Agro net up 90% |
| Rei Agro Ltd, India's largest exporter of basmati rice, has posted a 90 per cent rise in its net profit for the first quarter ended 30 June, 2005 at Rs 19.20 crore compared with Rs 10.10 crore in the corresponding period last year, the company said in a release. |
| The board has recommended a dividend of 10 per cent for the quarter. Sales during the first quarter rose to Rs 301.31 crore compared with Rs 195.15 crore last year. |
| Bajaj Hind net up 285% |
| Bajaj Hindusthan (BHL) has reported a 285 per cent jump in its net profit in the third quarter of the current financial year. |
| Gross turnover, during the period, grew by 244 per cent. The company follows an October-September financial year. |
| Net profit went up to Rs 52.9 crore in the third quarter from Rs 13.8 crore from the corresponding period of the last year. |
| Gross turnover grew from Rs 106.7 crore to Rs 366.9 crore. Operating profit increased by 174 per cent to Rs 84.3 crore from Rs 30.8 crore. |
| It has posted a 219 per cent jump in profit before tax to Rs 68.4 crore from Rs 21.4 crore. For the nine months ended June, 2005, the company posted a net profit of Rs 84.6 crore, 200 per cent jump over the corresponding previous period's Rs 28.2 crore. |
| Gross turnover rose by 95 per cent to Rs 599.1 crore from Rs 306.9 crore. The stock on Monday closed at Rs 163.75 on the Bombay Stock Exchange, 2.57 per cent up over Friday's closing of Rs 159.60. |
| Shanthi Gears' net up 41% |
| Shanthi Gears' net profit in the first quarter ended June 30, 2005 increased by 41.2 per cent to Rs 5.58 crore against Rs 3.95 crore it earned in the first quarter ended June 30, 2004. |
| Its gross sales also witnessed an increase of 31.1 per cent to Rs 33.86 crore in this fiscal's first quarter ended June 30 against Rs 25.83 crore in the year-ago period. |
| S Kumars back in the black |
| S Kumars Nationwide has posted a net profit of Rs 17.45 crore in the quarter ended June, 2005 as against a net loss of Rs 33.75 crore in the corresponding previous quarter. |
| Revenues increased by 29 per cent to Rs 205.91 crore from to Rs 159.30 crore. Profit before interest, depreciation and tax stood at Rs 24.97, a 166 per cent growth over Rs 9.37 crore achieved in the corresponding quarter of the previous year. |
| Liberty to consider bonus issue |
| Liberty Shoes said its board would meet on July 18 to consider the financial results for the quarter ended June 30. |
| The board will also consider issue of bonus shares, and decide the quantum and ratio of the bonus issue, a release by the company said. |
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