United Spirits, Opto Circuits, Sutlej, Spentex results

United Spirits net up

United Spirits (USL), the newly formed spirits company of the UB group, has posted net profit at Rs 66.76 crore for the quarter ended September 30, 2006, with a total revenue of Rs 753.49 crore.

The company's results are not comparable with the previous corresponding period as the merger of spirit companies under the group's fold came into effect during early this year.

The company has posted 95 per cent growth in its operating profit at Rs239 crore for the half year ended September 30, 2006, compared with Rs122 crore in the previous corresponding period.

The company witnessed 34 per cent increase in net sales at Rs 1287 crore from Rs 957 for the half year ended results on September 30, 2006.

Opto Circuits net up

Opto Circuits (India), country's leading manufacturer of healthcare equipment, has reported 109.30 per cent rise in net profit at Rs 18.14 crore for the second quarter ended September 30, 20006, compared with Rs 8.60 crore in the corresponding quarter previous year.

Net sales during the quarter grew by 75.43 per cent at Rs 51.12 crore compared with Rs 29.14 crore during the corresponding quarter of the previous year. For the six months ended September 30, 2006, net sales grew by 69.88 per cent at Rs 81.22 crore compared with Rs 48.40 crore.

Net profit surged 109.18 per cent to Rs 28.47 crore from Rs 13.61 crore in the corresponding period last year.

Sutlej net up 18 %

Sutlej Textiles and Industries has recorded 18 per cent growth in turnover at Rs 184 crore for the quarter ended September 30 compared with Rs 156 crore during the corresponding period in the previous year.

The company's net profit grew by 125 per cent for the quarter under review at Rs 11.28 crore compared with Rs 5 crore during the corresponding period of previous year.

Spentex Inds net dips

Textile major, Spentex Industries expects robust growth in the third quarter of the current financial year on the back of its acquisitions and expanded capacities even as it reported a drop in net profits for the quarter ended September 30, primarily due increase in interest costs and depreciation expenditure.