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BIZ BYTES

JKLC turnover surges


        JK Lakshmi Cement Ltd, a cement manufacturer major in North India has posted highest ever profits and sales in the last 25 years in the silver jubilee year. At the quarter ending Jan-March 07, JKLC has posted an exceptional growth .Sales during the quarter at Rs 304 crore is a 43 per cent, a jump over Rs 212.84 crore in the corresponding quarter of the previous year. The net profit in the fourth quarter is Rs 60.83 crore as against Rs 23.70 crore in the corresponding quarter of previous year. Operating margin for the quarter at net sales were at 32 per cent while for the whole year it stood at 30 per cent, due to higher capacity utilization, better realization, improved market distribution, all round improvements in efficiencies. The earning per share for the quarter has gone upto 10.79 as against 4.76 in the corresponding quarter of previous year while EPS for the whole year stood at 32.34.

Hindustan Sanitaryware turns healthy


        Hindustan Sanitaryware and Industries Limited, a leader in the sanitaryware and the glass container segments gross sales increased by 20 per cent to Rs 52675 lakh from Rs 43832 lakh while operating profit increased by 8 per cent to Rs 8469 lakh from Rs 7846 lakh and profit from operations increased by 13 per cent to Rs 4561 lakh from Rs 4040 lakh. Commenting on the results, Sandip Somany, joint managing director of the company, said: 'The company has crossed the Rs 500 crore threshold to clock record gross sales of Rs 527 crore. Reflecting the strong fundamentals and bullish outlook of both the building products and glass divisions, the directors have recommended a final dividend of Rs 1 per equity share of Rs 2 each, which combined with the interim dividend of Rs 0.50 per share paid in July 2006, amounts to Rs 1.50 per equity share.'

Kale Consultants gets stronger


        Kale Consultants Limited, a provider of software solutions and outsourced services to the travel and transportation industry, has recorded operating revenues of Rs 237.83 million for the quarter ended 31 March, 2007 as compared to Rs 179.18 million for the corresponding quarter of the previous year, a growth of 33 per cent. For the year ended 31 March, 2007, Kale has recorded total revenues of Rs 808.27 million as compared to Rs 637.19 million during the previous year, a growth of 27 per cent. Operating profit stood at Rs 206.42 million compared to Rs 178.41million during the previous year. Commenting on the performance, Vipul Jain, CEO and managing director said, 'we have had a strong customer acquisition in the last quarter and have a very healthy order book entering into financial year 2008. Our singular focus on the travel and transportation industry, deep domain knowledge, innovation and a solutions mindset continues to diiferentiate us.'


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