DCM Shriram, Elder, Havell's & IMCL results

CORPORATE SCORECARD

DCM Shriram net up 56%

The Ajay and Vikram Shriram-promoted DCM Shriram Consolidated Ltd has reported a 56 per cent jump in net profit for the October-December 2004 quarter at Rs 32.37 crore.

The company's net revenue for the quarter at Rs 569.4 crore was 78.5 per cent higher than the same quarter of the previous year.

"The company recorded improved margins in its chemicals and plastics business in spite of inflationary pressures on operating costs. This was essentially owing to improvements in the prices of these products. The sugar business, which was merged into the company in March, 2004, also contributed significantly to the growth. There was a decline in the profitability of the fertilizer business owing to tightening of energy norms by FICC with effect from April 1, 2004 as a part of implementation of stage II of the fertiliser pricing policy," a DSCL release said.

Elder net up 39%

Elder Pharmaceuticals has posted a net profit Rs 7.02 crore, up 39 per cent compared with Rs 5.04 crore in the corresponding quarter of the previous year.

Income from operations increased to Rs 79.66 crore for the quarter against Rs 73.01 crore in the same quarter previous year, a growth of 9 per cent. Other income increased considerably to Rs 2.11 crore from Rs 49 lakh. Interest outgo for the quarter dipped to Rs 3.02 crore from Rs 3.59 crore.

For the nine months ended December 31, 2004, income from operations was Rs 234.17 crore against Rs 201.82 crore in the corresponding nine months of the previous year. Net profit for the nine months stood at Rs 18.50 crore (Rs 12.74 crore).

Havell's net up 63%

Havell's India Ltd has reported a third quarter net profit of Rs 9.01 crore in the current financial year, registering a growth of 62.63 per cent over the net profit in the third quarter of the previous year.

Turnover rose 63 per cent to Rs 156.29 crore. For the nine months ended December 31, 2004, Havell's India reported sales of Rs 471.87 crore, surpassing total sales of Rs 419.22 crores for the 12 months ending March 31, 2004.

IMCL net drops 25%

Indraprastha Medical Corporation Limited (IMCL), the holding company for the city-based Indraprastha Apollo Hospitals, has reported a 24.8 per cent fall in net profit to Rs 3.11 crore for the quarter ended December 31, 2004 from Rs 4.14 crore for the corresponding period of the last year.

Total income also declined marginally by 0.7 per cent to Rs 43.74 crore from Rs 44.05 crore during the period. During this period, Apollo has invested in facilities such as telemedicine link-up with Pakistan and Nepal, better infrastructural facilities for the international and domestic patients.

A 'Platinum Lounge' of international standard was constructed for foreign patients apart from significant expenditure on non-capital items for the benefit of all the patients and visitors.

Indraprastha Apollo Hospitals has also resolved a substantial list of deferred maintenance in the quarter ended 31st December 2004.