National Fert, Nestle & Patni Comp Q2 results

CORPORATE SCORECARD

National Fert Q2 net up 113%

National Fertilizers reported a 113.61 per cent net profit of Rs 47.05 crore for the quarter ended September 30, 2005, as compared with Rs 22.02 crore in the same period last fiscal. Total income has increased 18.09 per cent to Rs 1,085.07 crore from Rs 918.80 crore.

Nestle net up 8% to Rs 74.6

Nestle reported a net profit of Rs 74.6 crore for the second quarter ended September 2005, an increase of 8.3 per cent over the same quarter last year. Net sales increased 11.6 per cent to Rs 624.8 crore.

Adjusted net profit as a percentage of gross revenue, has increased to 12.5 per cent from 11.7 per cent. Operating profit as a percentage of net sales is at 20.5 per cent against 20.2 per cent during the corresponding quarter in 2004.

Domestic sales has increased by 14.1 per cent, on account of higher volume and favourable product mix, coupled with selective price increases.

Export sales have decreased by 7.4 per cent, mainly due to lower volumes of instant coffee exports (partly offset by higher realisations) and lower sales to Nepal due to continuing political turbulence there.

Patni Comp income grows 10%

Patni Computer Systems has posted a 10.3 per cent increase in net income of Rs 71.35 crore during the third quarter ended September 30, 2005, compared with Rs 67.60 crore recorded during the same period of the previous financial year.

The global IT services provider's revenue during the quarter under review rose 44.2 per cent to Rs 519.70 crore from Rs 376.66 crore recorded a year ago. The company's revenues from the top client, General Electric, was up 11.5 per cent compared with the previous sequential quarter, while revenues from its top 10 clients rose 10.3 per cent on a sequential basis.

The Mumbai-based company continued to post growth from non-US regions, with revenues up 16.1 per cent sequentially with growth across Europe, Japan, Asia Pacific and all other regions. Patni follows a January-December financial year and audits under the US GAAP.