Andhra Sugars, Granules & Suven results

CORPORATE SCORECARD

Andhra Sugars Limited net at Rs 8.4 crore

Andhra Sugars Limited has registered a 123.8 per cent growth in net profit to Rs 8.46 crore for the first quarter ended June 30, 2004 as compared to Rs 3.78 crore during the corresponding previous quarter.

The turnover of the company for the quarter grew 31 per cent to Rs 113.51 crore as compared to Rs 86.66 crore during the corresponding previous quarter.

The earning per share of the company grew from Rs 1.4 to Rs 3.12 during the quarter.

Granules India net up 77%

Hyderabad-based Granules India Limited, a leading manufacturer of pharmaceutical formulation intermediates (PFIs), announced a 77 per cent growth in its net profit for the first quarter ended June 30.

The net profit during the quarter was Rs 1.39 crore as compared to Rs 78.8 lakh in the corresponding quarter of last financial year.

The total income rose by 89 per cent to Rs 29.76 crore from Rs 15.77 crore. C Nageswara Rao, chairman of Granules, said in a press release that the company was steadily growing and gearing up to become a global leader in the manufacture of several PFIs.

The company extended its financial year 2003-04 by three months till June 30. For the 15-month period ended June 30, the turnover at Rs 134.78 crore registered a growth of 60 per cent over Rs 100.84 crore in 2002-03.

Kerbs Biochemicals net falls 23%

Kerbs Biochemicals and Industries Limited's net profit for the first quarter ended dipped 23.4 per cent to Rs 4.95 crore as compared to Rs 6.47 crore during the corresponding quarter last year.

The total income for the quarter of the company reduced by 18 per cent to Rs 28.31 crore from Rs 34.57 crore during the same quarter last year.

The net sales of the active pharmaceutical ingredients (API) segment of the company increased 9.62 per cent to Rs 24.94 crore for the quarter as compared to Rs 22.75 crore during the corresponding previous quarter.

Suven Life net dips 56%

Suven Life Sciences Limited reported a 56.71 per cent dip in net profit to Rs 1 crore for the first quarter ended June 30, 2004 from Rs 2.31 crore it posted in the corresponding previous quarter.

The total income for the first quarter was down 17.53 per cent at Rs 12.18 crore as compared to Rs 14.77 crore earned in the same period last year.

The company's board has recommended a 50 per cent dividend, on Re 1 per share of a face value of Rs 2 for the financial year 2003-04.

A release from the company said that it continued to invest for the future, and consequently the research and development expenditure and personnel and administrative expenses have increased.