Visaka Ind & Deepak Nitrite Q1 results

CORPORATE SCORECARD

Visaka Ind net up 39%

Visaka Industries reported a net profit of Rs 3.89 crore for the quarter ended June 30, recording a 39 per cent increase over Rs 2.79 crore in the corresponding quarter of the previous year.

Net sales during the same period increased by 41 per cent to Rs 77.92 crore (Rs 54.96 crore).

Deepak Nitrite net profit up

Deepak Nitrite posted a record five-fold increase in net profit for quarter ended June 2005 compared to the same period last year.

Net profit jumped from Rs 52 lakh from the corresponding quarter last year, to Rs 250.75 lakh this year. Profit before tax soared from Rs 61 lakh to Rs 375 lakh in current quarter, as compared to the corresponding period, last year.

The company's strategy to focus on international markets resulted in a healthy growth in exports, recording a 53% increase over the corresponding period last year.