Shasun Chemicals, Allsec Tech & Praj Industries Q1 results

CORPORATE SCORECARD

Shasun Chemicals net up 9%

Shasun Chemicals and Drugs announced a net profit of Rs 4.26 crore in the first quarter of 2005-06, higher by 8.67 per cent over Rs 3.92 crore announced in the corresponding period of the previous year. Income for the first quarter of 2005-06 was Rs 77.26 crore, an increase of 13.02 per cent over the previous year's income of Rs 68.36 crore.

Shasun's shareholders, at the annual general meeting held on Saturday, approved proposals to split each equity share with a face value of Rs 10, into five equity shares with a face value of Rs 2 each, and raise the FIIs investment ceiling to 30 per cent of the company's equity.

Allsec Tech net up 76%

Allsec Technologies' recorded a net profit of Rs 3.95 crore in the first quarter of 2005-06, higher by 75.55 per cent when compared with Rs 2.25 crore of the corresponding period, previous year.

The net sales for the first quarter of the current financial year stood at Rs 18.28 crore, a rise of 47.53 per cent over the previous year's net income of Rs 12.39 crore.

Praj Industries net up 90%

Praj Industries has posted a net profit of Rs 5.60 crore for the quarter ended June 30, an increase of 90 per cent over Rs 2.94 crore in the corresponding period of the previous year. Sales for quarter ended June 2005 is at Rs 60.79 crore, up by 135.52 per cent, over Rs 25.81 crore in the corresponding period of the previous year.

The company's shareholders have approved the issue of bonus shares in 1:1 ratio and a stock-split of every share of Rs 10 paid up into five shares of Rs 2 each.