Pantaloon Retail net profit rises 22%
Pantaloon Retail, the country’s largest listed retailer, has posted 22 per cent growth in its net for the quarter ending September 30, 2008 when compared to the corresponding period of last year.
The company’s finanical year ends on June 30. Pantaloon posted a net profit of Rs 36.18 crore for the quarter ending September 30 of this financial year as compared to Rs 29.69 crore it posted in the corresponding quarter last year. It’s net sales went up by 39 per cent at Rs 1511.21 crore in the September quarter as compared to Rs1086.44 crore it posted in the corresponding quarter last year. The company opened nearly 18 stores in the September quarter.
Piramal Healthcare net drops 11.45%
Pharma major Piramal Healthcare has posted a 11.45 per cent drop in net profit for the second quarter of FY 2009 due to forex losses to the tune of Rs 50 crore. The company posted a net profit of Rs 75.09 crore for the Q2 of FY 2009 as compared to Rs 84.8 crore it posted in the corresponding quarter last year. The company’s net sales also grew by 16.31 per cent at Rs 889.28 crore for the quarter ending September 30, 2008 as compared to Rs 764.57 crore it posted in the corresponding quarter last year.
Century Textiles net profit tanks 60%
Century Textiles and Industries, part of the B K Birla group, has posted a decline of 60.15 per cent in its net profit at Rs 28.55 crore for the quarter ended September compared with Rs 71.64 crore in the corresponding quarter last year. The company’s net sales during the period was Rs 868.43 crore against Rs 768.40 crore last year, up 13.02 per cent.