West Coast Paper Mills has recorded net profit after tax of Rs 54.70 crore in the year ended March 31, 2010, a drop of 39.58 per cent from the same period last year, due to higher provision of deprecitation and deferred tax on account of commissioning of equipments under the expansion programme with a capital outlay of Rs 1,375 crore. Net sales at Rs 623. 91 crore was marginally higher by 0. 67 per cent. Results were also affected due to sluggish paper market conditions, reflecting in sale prices and at the same time increase in input costs.
Texmaco net profit at Rs 27. 60 cr
Texmaco Ltd has recorded a net profit after tax of Rs 27.60 crore in the quarter ended March 31, 2010, an increase of 58.44 per cent over the same period last year. Net sales was higher by 12.2 per cent to Rs 267.36 crore. Net profit for the year rose 23 per cent to Rs 93.04 crore after providing for a higher tax liability of Rs 45.57 crore. Turnover was up marginally by three per cent to Rs 1125.49 crore. The company said, performance would have been better but for continuing delay in release of wagon orders by the Indian Railways for 2009-2010. The board has recommended a dividend of ninety per cent.
Century Extrusions PAT at 5.35 cr
Century Extrusion Ltd has reported a net turnover at Rs 122.71 crores, an increase of 25 per cent while a profit after tax(PAT) at Rs 5.35 crores saw a growth of 91 per cent.The growth is mainly attributed to higher volumes in aluminium extrusions in the last fiscal. The company has declared a dividend of Rs 0.10 per share which is 10 per cent on the face value of Rs 1.00 per share.
Magma net profit at Rs 26.45 cr
Kolkata-based Magma Fincorp has reported more than three fold rise in consolidated net profit to Rs 26.45 crore for the quarter ended 31 March 2010, against Rs 7.43 crore in the same period last year. The total operating income of the company increased to Rs 216.48 crore in the quarter under consideration, against Rs 179.94 crore in the same period last year, a rise of about 20 per cent. Disbursements increased by 102 per cent to Rs 1389 crores, while revenue increased by 20 per cent to Rs 216.50 crore in the last quarter. The company successfully increased the share of high yield products to 13 per cent from 9 per cent. A major highlight of the performance in the fourth quarter and year to date is our collections efficiency which touched new high.