Hinduja Ventures Ltd, the holding company of IndusInd Media and Communication (IMCL) has reported a 18.08 per cent increase in its standalone net profit to Rs 22.13 crore for the first quarter ended June 30.
It had posted a standalone net profit of Rs 18.74 crore in the corresponding quarter last fiscal, Hinduja Ventures Ltd (HVL) said in a statement.
However, HVL's total income from operation declined 4.35 per cent to Rs 25.45 crore during the April-June quarter as against Rs 26.61 crore of the same quarter last fiscal.
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Butterfly Appliances Q1 net profit at Rs 17.45 lakh * Manufacturers of Butterfly brand of home appliances, Butterfly Gandhimathi Appliances Ltd, has registered net profit at Rs 17.45 lakh for the first quarter ended June 30.
Net profits of the Chennai-based company stood at Rs 8.85 crore during the year ago period, Butterfly Gandhimathi Appliances said in a BSE filing.
Total income for the April-June quarter slipped to Rs 108.05 crore from Rs 207.75 crore in the corresponding period of previous year.
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Patel Logistics's net income jumps six-fold at Rs 78.39 lakh * Patel Integrated Logistics today reported an over six fold increase in net profit to Rs 78.39 lakh in the quarter ended June 30, 2014 over a year-ago period, primarily driven by onboard courier business.
The total income during the period under review stood at Rs 148.38 crore as compared to Rs 134.43 crore in the April-June quarter of FY14, a company release said.
The total income from operations during the period under review stood at Rs 11.66 lakh net profit in the corresponding quarter of FY 14, the company said.
"We are focusing on becoming a niche margin and quality player in the coming days. Our diversification activities like express delivery are slowly starting to show results," company's Executive vice-chairman Areef Patel said.
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Nitin Fire Protection Q1 net up 75.26 pc at Rs 3.33 crore * Fire protection engineering and solutions provider, Nitin Fire Protection today reported 75.26 per cent increase in net profit at Rs 3.33 crore for the first quarter ended June 30.
The company had posted a net profit of Rs 1.9 crore in the corresponding quarter last fiscal, Nitin Fire Protection said in a statement.
Net sales of the company during quarter under review stood at Rs 120.03 crore as against Rs 84.42 in the year ago period.
The company's unexecuted order book, as on June 30 stands at Rs 275 crore in India.
