Adani Power reported substantially higher net loss of Rs.2,295 crore on a consolidated basis for the year ended March 31, 2013, as compared to net loss of Rs.294 crore during the previous year due to higher prices of imported coal and constraints to transmit power.
Total income increased by 66 per cent to Rs.6,779 crore.
Net loss for the fourth quarter ended March 31, 2013, stood at Rs.586 crore against a net loss of Rs.292 crore in the same period in the previous year.
Total income rose by 79 per cent to Rs.1,889 crore.
“The challenges of limited resources and evacuation bottleneck have affected our profitability in the past year. However, with the signing of fuel supply agreement, timely delivery of the domestic coal and with fully operationalised capacity, the company is confident of posing a strong operational and financial performance to bring value to its stakeholders.” Prabal Banerji, CFO, Adani Power, said.
On a standalone basis, the net loss for year ended March 2013 was Rs.1,952 crore as compared to Rs.294 crore in the same period in the previous year. Total income rose by 60 per cent to Rs.6,333 crore.
For the fourth quarter, the company reported a net loss of Rs.426 crore as compared to a net loss of Rs.290 crore in the year-ago period. Total income rose by 75 per cent to Rs.1,747 crore.
Jaiprakash Associates reported a 56.5 per cent decline in its standalone net profit at Rs.123.50 crore in the fourth quarter ended March, 2013, due to subdued sales against Rs.283.81 crore in 2011-12.
Net sales declined by 4 per cent to Rs.3,864.19 crore from Rs.4,026.35 crore, the company said in a filing to the BSE.
The company did not publish consolidated fourth quarter results.
On a consolidated basis, the net profit was down nearly 18 per cent at Rs.777.19 crore, largely due to over 46 per cent rise in interest outgo.
In 2011-12, it had reported a net profit of Rs.947.08 crore.
Net sales were up 27.5 per cent at Rs.1,8970.82 crore against Rs.1,4873.50 crore.
1:2 bonus from Emami
FMCG firm Emami posted a 29.87 per cent rise in its consolidated net profit at Rs.93.99 crore for the fourth quarter ended March 31, 2013, on the back of robust growth in the company’s domestic business.
The company had posted a net profit of Rs.72.37 crore in the same period of the previous fiscal.
Net sales rose to Rs.450.95 crore from Rs.398.44 crore.
For the year ended March 31, 2013, the company posted a net profit of Rs.314.74 crore against Rs.258.84 crore in 2011-12. Net sales rose to Rs.1,699.10 crore from Rs.1,453.51 crore.
The company’s board recommended a dividend of Rs.8 per share for the year ended March 31, 2013.
It also recommended issue of bonus shares in ratio of one equity share for every two existing equity shares held, subject to approval of shareholders.
Rs.11 dividend from Kansai Nerolac
Kansai Nerolac Paints has reported over two-fold increase in standalone net profit at Rs.122.7 crore for the quarter ended March 31, 2013, against Rs.44.9 crore in the corresponding period in the previous fiscal.
The profit before tax was Rs.181 crore, up 178.9 per cent, due to one-time effect of depreciation write back of Rs.114.9 crore, on account of a change in accounting procedure.
Net sales stood at Rs.684.2 crore, up 2.6 per cent, against Rs.666.8 crore.
However, sequentially, net sales were lower as the same stood at Rs.766.6 crore in the October-December 2012 quarter.
For the fiscal ended March 31, 2013, standalone net profit stood at Rs.292.2 crore, up 35.3 per cent from Rs.215.9 crore registered in 2011-12. Net sales were up 9.8 per cent at Rs.2,856.6 crore against Rs.2,600.6 crore in the previous fiscal.
The company’s board has recommended a dividend of Rs.11 per share for 2012-13.
Great Eastern Shipping Company’s (GE Shipping) consolidated net profit has more than doubled to Rs.83.73 crore during the fourth quarter ended March, 2013, largely on account of hefty rise in other income, from Rs.39.19 crore in the same quarter of 2011-12. Total income declined by over 6 per cent to Rs.775.28 crore from Rs.826.30 crore.
For the year ended March, 2013, the net profit rose by nearly 70 per cent to Rs.537.76 crore from Rs.316.55 crore in 2011-12, largely due to lower expenses and decline in interest outgo.
However, the company reported a marginal increase of 1.73 per cent in its total income at Rs.3,006.69 crore against Rs.2,955.49 crore.