India Infoline, Sona Koyo, Northgate & NIIT Q3 results

CORPORATE SCORECARD

India Infoline Q3 net up 96%

India Infoline's net profit for the quarter ended December 31, 2005 grew by 96 per cent. The company saw its consolidated operating income zoom 155 per cent.

India Infoline, which started as an online brokerage and information source for investors, has developed healthy inflows from their insurance sales, commodity broking and retail finance businesses.

These now account for around Rs 10.5 crore, or about a fifth of the company's revenues. Notwithstanding the strong performance of the company's broking business, the fastest growing business-unit was insurance sales unit. Income from sale of insurance policies reached Rs 6.07 crore against Rs 1.36 crore last year.

Sona Koyo net down 16%

Sona Koyo Steering Systems reported a 16 per cent drop in its third quarter net profit to Rs 3.53 crore (Rs 4.19 crore), though its turnover went up over four per cent in the same period. Total sales was up at Rs 98.18 crore (Rs 94.36 crore).

According to the company, the fall in net profit was due to sharp depreciation of the rupee in December 2005. The company provided for a notional extraordinary loss due to foreign currency loan conversion of Rs 62 lakh.

Accordingly for the nine-month period ended December 2005, its profit after tax stood at Rs 10.08 crore (Rs 10.47 crore). It recorded sales of Rs 292 crore in the same period (Rs 256 crore), up 14 per cent.

Profit before interest, foreign currency loan, depreciation and tax for the said period increased from Rs 24.76 crore to Rs 27.37 crore, up 11 per cent. Exports during the period more than doubled to of Rs 35 crore (Rs 14 crore).

Northgate net up 224% to Rs 6.58 cr

Hyderabad-based Northgate Technologies posted a net profit of Rs 6.58 crore for the third quarter ended December 31, 2005, registering a growth of 224 per cent, as compared with Rs 2.02 crore reported in the corresponding previous quarter.

EPS for the quarter rose to Rs 5.18 from Rs 1.67. The company's revenue increased to Rs 20.38 crore, a growth of 35.55 per cent, as compared with Rs 15.03 crore reported in the corresponding quarter in the previous financial year.

Total net profit for the nine-month period increased by over 320 per cent to Rs 15.52 crore from Rs 3.69 crore in the corresponding period in the previous fiscal.

NIIT Q3 net up 14% at Rs 5.5 cr

NIIT Ltd's consolidated net profit for the third quarter ended December 2005 grew by 14 per cent to Rs 5.5 crore (Rs 4.8 crore). Its consolidated revenues went up by 22 per cent to Rs 105.2 crore (Rs 86.1 crore). Operating profit surged 29 per cent to Rs 11.9 crore (Rs 9.2 crore).

"Closer relationships and strengthening of new partnerships with technology firms including Intel and Microsoft, led to higher enrollments and improved revenues in the institutional and individual space," said Rajendra S Pawar, chairman.