Alembic, Aztec, Britannia, Coromandel & Easun Q1 results

CORPORATE SCORECARD

Alembic net up 48%

The Baroda-based Alembic has posted a growth of 48 per cent in the net profit at Rs 10.8 crore during the quarter ended June 30, 2005 as against Rs 7.35 crore of the corresponding quarter inthe previous year.

Gross sales during the quarter increased to Rs 142.5 crore from Rs 132.69 crore of the corresponding period last year. During 2004-05, the company registered a net profit of Rs 51.83 crore with a gross sales of 572.42 crore.

Aztec PAT up 163% to Rs 7.4 cr

Aztec Software and Technology Services posted consolidated revenues of Rs 42.2 crore in the first quarter of 2005-06, growing by 162 per cent over the corresponding quarter of the previous year and sequentially by 17 per cent over the previous quarter.

Profit after tax at Rs 7.4 crore, grew by 163 per cent over the corresponding quarter of the previous year and sequentially by 12 per cent over the previous quarter.

During the quarter, revenues of Disha Technologies, group company providing testing services, grew sequentially by 17 per cent to Rs 14.1 crore.

During the quarter Aztec added 12 new clients with total client count increased to 61. Headcount increased from 1405 in Q4-05 to 1649 in Q1-06.

During this quarter the company opened its fourth development centre at Bangalore, increasing its capacity to over 180,000 sq ft spread over Bangalore, Pune and Hyderabad.

The company will be further increasing its capacity in Bangalore and Pune in the next quarter. K B Chandrasekhar, chairman, said, "We will continue to carefully invest for sustaining the high standards of growth we have set for ourselves. We are also actively looking out for good acquisitions to complement our offerings and technology competencies."

V Chandrasekaran, MD & CEO, said, "Product development outsourcing is slated to be the new wave in IT. We are seeing robust growth in all phases of product lifecycle - R&D, Development, quality assurance and maintenance. Our results over the last few quarters reflect the quality of the organisation we have built and the strength of our team."

Britannia net dips

The net profit of Britannia Industries declined from Rs 60 crore in the first quarter of 2004-05 to Rs 39.1 crore in the first quarter of the current fiscal.

However, the sales has jumped from Rs 401 crore to Rs 412 crore during the same period. The company has said that the net profit declined for the quarter ending June 30, 2005 owing to one-time profit of Rs 38.4 crore on sale of long term investments in the previous year vis-à-vis an amount of 12 lakh in the current year.

Coromandel nets Rs 10 cr

Coromandel Fertilisers has posted a turnover of Rs 125.89 crore, other income of Rs 1.76 crore and a net profit of Rs 9.88 crore during the quarter ended June 30, 2005.

During the corresponding period last fiscal, the company's turnover and net profit stood at Rs 192.43 crore and 21.01 crore respectively.

With fertiliser business being seasonal in nature and the first quarter being off-season months, the company stated that the results were not indicative of the overall performance for the year.

The profit in the first quarter of 2004-05, included interest on income tax refund amounting to Rs 11.29 crore.

Easun net at Rs 2.32 cr

Easun Reyrolle, a leading company in the field of power management, has posted a net profit of Rs 2.32 crore in the first quarter ending June 30, 2005.

Income had grown to Rs 21.62 crore against Rs 6.76 crore in the corresponding quarter last year, chairman Hari Eswaran said.

ERL deals in products, systems solutions and engineering services to across all segments of power utilities, including generation, transmission and distribution.