JBF Ind, Shasun & Transport Corp Q4 Results

CORPORATE SCORECARD

JBF Industries, maker of polyester chips and partially oriented yarns, reported a 7-per cent increase in its net profits at Rs 13.71 crore for the quarter ending March 31, 2006, as compared to Rs 12.8 crore in the same period last year.

The company's net sales were down 10 per cent for the fourth quarter in FY06, at Rs 176 crore from Rs 196 crore in the same period last year. Net profits for the year ending March 31, 2006, rose 48 per cent, at Rs 42.92 crore from Rs 29.43 crore last year.

Net sales were down by 2 per cent at Rs 722 crore, from Rs 738 crore over the corresponding periods. The company announced a dividend of 20 per cent, which comes to Rs 2 per share.

Shasun Q4 net up by 6%

Shasun Chemicals and Drugs has posted a 6-per cent growth in net profits at Rs 13.15 crore during the fourth quarter ended March 31, 2006, against Rs 12.41 crore during the corresponding quarter last year.

The gross revenue for the quarter stood at Rs 103.07 crore compared to Rs105.80 crore of the previous corresponding quarter, showing a fall of 1.94 per cent.

The company has posted a 17.59-per cent rise in net profit at Rs.36.50 crore for the year ended March 31, 2006, compared to Rs.31.04 crore last year. Gross revenue rose 9.7 per cent to Rs 370.05 crore (FY05: Rs 337.33 crore).

Operating profit rose 2.83 per cent at Rs 71.18 crore, as against Rs 69.22 crore of the previous year.

The earnings per share has gone up to Rs 7.78 for year ended March 31, 2006. The board of directors of the company have recommended a dividend of 85 per cent, that is Rs 1.70 per share of Rs 2 paid-up for the year ended March 31, 2006.

Transport Corp net up 56%

The Transport Corporation of India has reported an increase in net profit by 56 per cent, to Rs 16.03 crore for the year ended 31 March, 2006, as against Rs 10.29 crore in the previous fiscal.

The company said that net revenue grew by 18 per cent, to Rs 864.10 crore, as against Rs 734.32 crore in the previous fiscal.

For the fourth quarter of the year under review, TCI had revenues of Rs 245 crore while net profit stood at Rs 4 crore. The board has declared a dividend of 25 per cent, as against 20 per cent last year.

The group has plans to invest about Rs 400 crore in capital expenditure in the next four years in areas such as warehousing, supply chain solutions, IT systems and shipping.