Aztec, Samtel, Vimta & S Kumars Q3 results

CORPORATE SCORECARD

Aztec net up 114%

Aztec Software has reported a strong 114 per cent increase in net profit to Rs 9.96 crore for the third quarter ending December 31, 2005 as against the corresponding quarter of previous fiscal.

The topline also has surged by 107 per cent to Rs 52.98 crore for Q3FY06 as against the corresponding quarter of last year.

On a sequential basis, the net profits has moved up 10.67 per cent while the topline is up by 10.35 per cent. During Q3FY06, Aztec added 10 new clients and total active client count is now at 68.

V Chandrasekaran, MD & CEO, Aztec, said, "Aztec Software's sustained growth and the financial results vindicated the faith reposed on us by all the stake holders. With our product engineering expertise and technology strength, Aztec is strongly positioned as an end-to-end technology services provider with deep strategic relationships with its clients. We will continue to deliver superior business performance."

Samtel slips into the red

Decline in prices of colour picture tubes led Samtel Colour to suffer a net loss of Rs 3 crore for the third quarter of this fiscal against a net profit of Rs 20.86 crore during the previous Q3.

The Delhi-based manufacturer of colour picture tubes today also reported a dip in total revenue by 20.15 per cent to Rs 192.72 crore in the quarter ended december 31, 2005 as compared to Rs 241.38 crore in the third quarter of previous fiscal.

The domestic revenue declined to 150.6 crore compared with Rs 199.5 crore during the third quarter last fiscal, the company statement said.

However, the revenue from exports increased to Rs 42.1 crore in the same quarter this fiscal as against Rs 41.9 crore in the year-ago period.

The company attributed the net loss and decline in revenue to a decline in prices of colour picture tubes resulting in margin pressures. During the quarter, lower than anticiapted growth in TV sales in the festive season resulted in incremental pressure on CPT prices in the domestic market.

Vimta PAT dips 11%

Vimta Labs reported net income from operations of Rs 13.64 crore for the quarter ended December 31, 2005, 4.36 per cent higher as compared to Rs 13.07 crore registered in the corresponding quarter of the previous year.

Its profit after tax declined by 11 per cent to Rs 3.21 crore for the quarter from Rs 3.61 crore in the corresponding quarter of the previous year.

The board has decided to split the existing equity shares of the company of the face value of Rs 10 each to five equity shares of Rs 2 each, subject to the shareholders' approval.

S Kumars in the black

S Kumars Nationwide announced net profits at Rs 25.79 crore for the quarter ended 31 December 2005, compared to a loss of Rs 5.82 crore in the corresponding period last fiscal. The turnover grew by 52.2 per cent to Rs 225.74 crore from the previous year's Rs 148.33 crore.

S Kumars' operating profit rose by 280 per cent to Rs 40.24 crores in the third quarter of the 2005-06 fiscal from Rs 10.52 crore in the same period last fiscal. Operating margins have improved by 17.8 per cent from 7.1 per cent in the corresponding periods.

"These results are in line with the consistent performance of the company over the last three quarters. It is a result of realigning our business strategy in tune with the market dynamics. The next quarter is going to be even better with the launch of our home textiles brand-Carmichael House in March and the introduction of a leading international fashion label in India," said Nitin S Kasliwal, Managing Director.

For the nine months ended Dec 05, turnover grew to Rs 641.84 crore from Rs 483.25 crore in the corresponding period, showing a growth of 32.8 per cent.

Operating profit rose by 177 per cent to Rs 101.23 crore from Rs 36.54 crore. Profit after tax for the first nine months stands at Rs 64.33 crores.