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Powerful performance by Kalpataru


        Kalpataru Power Transmission Ltd, a leader in EPC contracting and infrastructure services, has shown a powerful performance by reporting 80 per cent increase in the gross turnover for the financial year 2006-07 to Rs 15670 million ($390 Million) from Rs 8712 million ($217 million). The PBT is Rs 2167 million (up by 130 per cent) for the year against Rs 944 million in the previous year and PAT is Rs 1580 million (up by 138 per cent) against Rs 665 million for the previous year. The board recommended an annual dividend of 75 per cent as compared to 50 per cent in the previous year. EPS for the year was Rs 65.32 per share as compared to Rs 30.63 in previous year. For the fourth quarter ending March 2007, the gross turnover rose by 43 per cent and was Rs 5304 million ($132 million) from Rs 3717 million ($92 million). The PBT for the quarter is Rs 867 million for the year against Rs 435 million in the previous year. The company continues to expand its global footprint and currently undertaking turnkey projects in Algeria, Ethiopia, Kenya, Tanzania, Zambia, Nepal, Philippines and Qatar.

Usha International's good show


        Usha International Limited, a Siddharth Shriram group company, has recorded a healthy 38 per cent increase in net profits for the year ending 31March 2007 over the previous year. The company has demonstrated good performance and as per the company's audited financial results, the net profits increased to Rs 14.28 crore this year from Rs 10.37 crore last year. Gross profit has been recorded at Rs 25.47 crore this year compared to Rs 19.56 crore last year, an increase of 30 per cent. Total turnover for the this financial year has gone up to Rs 661 crore from Rs 541 crore last year, an increase of 22 per cent. As per the consolidated financial results of Usha International Ltd. and its subsidiaries, the net profits increased to Rs 18.29 crore this year from Rs 13.68 crore last year. During the year growths were registered across all product groups of the company. The diverse products marketed by the company include fans, sewing machines, home appliances, agricultural and domestic engines, motors and pumps, water coolers, air conditioners, generators, inverters and auto components.

ITC declares dividend


        ITC Ltd completed yet another year of strong performance with gross turnover for the year growing by 20.2 per cent to Rs 19505 crore. Net turnover at Rs 12369 crore grew by 26.3 per cent driven by the non-cigarette FMCG businesses, higher agri-business revenues and the continuing strong performance by the hotels business. The non-cigarette portfolio grew by 37.6 per cent during the year and now accounts for 52.3 per cent of the company's net turnover. Pre-tax profit increased by 20.1 per cent to Rs 3927 crore, while post-tax profit at Rs 2700 crore registered a growth of 20.8 per cent. Earnings per share for the year stood at Rs 7.19. The company's performance for the fourth quarter was equally impressive with net turnover recording a growth of 24.5 per cent over the previous year to touch Rs 3466 crore. Pre-tax profit at Rs 940 crore grew by 20.4 per cent. Post-tax profit at Rs 651 crore represents an underlying growth of 18.6 per cent after adjusting for income tax refunds. The board of directors recommended a dividend of Rs 3.10 per ordinary share of Re 1 each (previous year: Rs 2.65 per share). This will entail a total cash outflow of Rs 1364.49 crore, comprising proposed dividend of Rs 1166.28 crore and income tax on the proposed dividend of Rs 198.21 crore.

Redington India's revenue up


        Redington India Limited has seen its net profit cross the Rs 100 crore mark at Rs 101.70 crore, showing an increase of 37 per cent over last fiscal. Revenue is more than Rs 9000 crore, showing an increase of 33 per cent. Year-on-year growth was at Rs 9067 crore from Rs 6793.68 crore. International business constitutes 48 per cent of the consolidated revenues and 56 per cent of the consolidated profit after tax. The share holders equity increased to Rs 625.81 crore from Rs 432.86 crore, due to its recent IPO and the significant growth in its profits. The consolidate EPS has increased from Rs 12.23 per share to Rs 15.36 crore per share during the current year. The company came out with an IPO in January 2007 and issued 1.32 crore equity shares at a price of Rs 113 per share, aggregating Rs 149.51 crore. The issue received an overwhelming response from the investing community and was subscribed more than 43 times.


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