Housing Development & Infrastructure (HDIL) posted a 57 per cent jump in net profit to Rs 317.9 crore for the quarter ended June 30, 2008, as against Rs 202.6 crore in corresponding quarter in the previous year.
Total revenue increased by 32 per cent to Rs 588 crore from from Rs 445.8 crore, the company said in a communique to the bourses.
Punjab Tractors Q1 net up six-fold
Punjab Tractors (PTL) posted a six-fold jump in profit after tax at Rs 22.4 crore for the quarter ended June 30, 2008, as compared to Rs 3.3 crore in the corresponding previous year quarter in 2007.
Total revenue for the period moved up to Rs 316.7 crore from Rs 173.9 crore last year, an increase of 82 per cent.
"The company's continuous focus on increasing retail sales, rationalising trade stocks and enhanced retail financial support by Mahindra and Mahindra Financial Service helped in achieving this performance," said Anjani Kumar Choudhari, chairman, Punjab Tractors and president of Mahindra and Mahindra's farm equipment division.
A release issued by the company said that during the April-June 2008 period, the aggregate domestic tractor industry grew by 13 per cent reaching 85,000 tractors. PTL registered a growth of 77 per cent, selling 8,954 tractors as compared with 5,065 tractors during the corresponding quarter of last year.
Petronet LNG net dips 2%
State-run liquefied natural gas importer Petronet LNG registered a 2.22 per cent dip in net profit of Rs 105.6 crore for the quarter ended June 30, 2008, as compared with Rs 108 crore for the corresponding previous quarter in 2007.
During the quarter, total income increased by 6.39 per cent to Rs 1,662.5 crore from from Rs 1,562.6 crore.
Meanwhile, the company has agreed on a deal to import 3.5 million tonne of LNG annually for 10 years, Chief Executive Officer Prosad Dasgupta said.
Shree Cement group net dips
Regional player Shree Cement has posted a slight dip in net profit to Rs 110.9 crore in the first quarter of FY09 from Rs 116.91 in the corresponding quarter last financial year on account of higher expenses incurred on freight and inter-unit clinker transfer. Net sales for the period went up by 39 per cent to Rs 614.32 crore.
The consolidated net profit for FY08, however, jumped 47 per cent to Rs 260.37 crore, while the company's turnover grew by 51 per cent to Rs 2,066 crore.
