| Indian Seamless Metal Tubes reported a 181 per cent increase in its net profit to Rs 29 crore for the quarter ended December 2005 compared with the corresponding period previous year. Net sales grew by 20 per cent to Rs 274 crore and gross revenue went up by 26 per cent to Rs 462 crore. |
| The Pune-based engineering company's EBIDT increased by 90 per cent to Rs 69 crore for the third quarter in FY06. Exports of tubes accounted 26 per cent of sales. |
| The base figures for the above comparison are the consolidated results of the erstwhile Indian Seamless Tubes and Indian Seamless Steels and Alloys which have been merged to form ISMT. The merger came in effect from 29 November, 2005. |
| The merged figures were unavailable. "The customer-centric integrated nature of the company, increasing presence in the international market, and focus on improving the product mix - with growth in revenue coming from the tube segment - would make it possible for the company to further improve its top and bottom line," said Rajiv Goel, CFO. |
| The company is the only integrated and diversified manufacturer of precision seamless tubes and alloy steels in India. The company offers a range of precision tubes to Tier I suppliers of auto components, bearings, and other engineering OEM's. |
| Additionally, the products are used for critical applications such as transportation of oil & gas, high pressureboilers, and drilling. |
| KLG net up to 74% at Rs 1.40 cr |
| Software solution company KLG Systel reported a 73.97 per cent increase in net profit for the third quarter ended December 2005 at Rs 1.40 crore compared with Rs 80.64 lakh in the corresponding period previous financial year. |
| The company's income also rose by 23.56 per cent and touched Rs 12.27 crore against Rs 9.93 crore recorded in the previous year, KLG said in a release. For the nine months ended December 2005, net profit jumped by 97.72 per cent at Rs 3.88 crore, it said. |
| "Our company has maintained the growth curve by reporting a healthy rise in net income and profit for the quarter. The company will continue to focus on developing innovative solutions for the Indian market, especially in the power sector, with technologies like SG61TM," managing director Kumud Goel said. |
| Liberty net up to 14% |
| Footwear manufacturer Liberty Shoes reported 13.68 per cent increase in consolidated net profit for the third quarter ended December 2005 at Rs 4.98 crore compared with Rs 4.38 crore in the same period last financial year. |
| The company said its net sales, however, decreased by 4.22 per cent to Rs 50.18 crore as against Rs 52.24 crore recorded during the same time previous year. |
| The footwear firm said the financial results were on a consolidated basis including figures of its subsidiary Liberty Retail Revolutions. |
| The company said it has paid its first interim dividend of Rs 5 per share and issued bonus shares in the ratio of 1:1 to the shareholders. |
| Shoppers' Stop net at Rs 12.09 cr |
| Shoppers' Stop posted a net profit of Rs 12.09 crore for the quarter ended December 2005. Net sales for the same period stood at Rs 180.51 crore while total income was at Rs 182.68 crore. |
| The operational profit was Rs 21.46 crore and earnings per share for the quarter was Rs 3.52. The company was listed in 2005, hence no comparable figures were available for the year-ago quarter. |
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