Blue Dart, Castrol, Deepak Fert & Flextronics Q1 results

CORPORATE SCORECARD

Blue Dart net up 30%

Blue Dart has posted a 30 per cent increase in its net profit at 10.82 crore for the quarter ended June 30, 2005 compared with Rs 8.34 crore during the corresponding quarter of previous year.

Net sales have posted a 30 per cent increase at Rs 129.99 crore against Rs 99.79 crore in the corresponding period of previous quarter.

Castrol net up 4.98%

Castrol India has reported a 4.98 per cent rise in net profit at Rs 49.49 crore for the quarter ended June 30, 2005 compared with Rs 47.14 crore for the corresponding quarter ended June 30, 2004.

Total income has increased 9.28 per cent to Rs 398.42 crore for the quarter ended June 30, 2005 from Rs 364.58 crore in the year-ago period.

The board has decided to pay an interim dividend of Rs four per equity share on 12,36,40,298 equity shares for the year ending December 31, 2005,

Deepak Fert net up 71%

Riding on the back of growth in chemical business, Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has posted a 71 per cent rise in net profit at Rs 22.62 crore for the quarter ended June 30, 2005 against Rs 13.20 crore in the quarter ended June 30, 2004.

The company has also declared a dividend of 30 per cent including 5 per cent special dividend in the event of DFCPL's silver jubilee year celebrations, Deepak Fertilisers said in a release.

The total income from operations grew to Rs 138.27 crore in first quarter of 2005-06 against Rs 111.96 crore in corresponding period of previous fiscal, it said.

The chemical business remained the primary driver for the growth in net profit and sales while the ability to manage a flexible product mix was critical to this achievement, it said.

Chairman C K Mehta said the company would reposition its fertiliser business with a thrust in the integrated agro-business segment offering a total nutrient basket along with agro-advisory services.

Flextronics net down 0.4%

Software company Flextronics Software Systems has posted a minor decline of 0.4 per cent in its consolidated net profit for the first quarter of the current fiscal at Rs 24.5 crore on year-on-year basis.

The company's consolidated sales, however, were up by 14.6 per cent to rs 125.4 crore during the same period, Arun Kumar, president, said.

Flextronics' net profit on a standalone basis was down by 3.6 per cent at Rs 23.8 crore but sales were up 14.8 per cent at rs 124.3 crore.

The company added 447 employees and 12 new customers in the January-March period.