The standalone revenue of Apollo Hospitals Enterprise (AHEL) grew by 16.1 per cent to Rs. 993.34 crore in the third quarter of 2013-14 from Rs. 855.79 crore in the same period in the previous year. The profit after tax increased by 3.5 per cent to Rs. 83.44 crore (Rs. 80.64 crore). In the last 12 months, AHEL had launched three new hospitals — a 200-bed multi-specialty hospital in Chennai, a 140-bed ortho and spine specialty hospital at Jayanagar, Bangalore, and a 200-bed specialty hospital in Tiruchi.
Dr. Prathap C Reddy, Chairman, in a statement, said the expansion plans were on track with eight hospitals (over 1,000 beds) to be added in 2014-15.
Helios and Matheson
Helios and Matheson Information Technology has reported a 43.4 per cent rise in its total income at Rs.138.19 crore (standalone) in the third quarter ended December 31, 2013, against Rs.96.33 crore in the same period in the previous year. The net profit after tax has risen to Rs.12.44 crore from Rs.8.27 crore.
The net profit of Birla Corporation declined by 50 per cent to Rs.15.90 crore in the quarter ended December 31, 2013, from Rs.32.20 crore in the year-ago period.
Despatch of cement increased to 18.1 lakh tonnes from 15.5 lakh tonnes. Net sales stood at Rs.709.80 crore (Rs.612.50 crore).
Harsh V. Lodha, Chairman, said subdued realisation and higher input and logistic costs had affected the bottom line. The operations at Durgapur cement unit remained suspended for about 10 days during the quarter on account of a severe ‘tornado’ which damaged the local high tension line and pole structure.
Mangalore Refinery and Petrochemicals Ltd. (MRPL) reported a loss of Rs.248 crore in the third quarter ended December 31, 2013, against a loss of Rs.360 crore in the year ago period. A company release said the loss was after considering Rs.184 crore as depreciation, Rs.93 crore as interest cost and a net foreign exchange gain of Rs.189 crore. The throughput for the quarter was 3.75 MMT (million metric tonnes) against 3.81 MMT in the corresponding period of the previous fiscal. The reduction was due to shut-down of Phase-I (crude distillation and vaccum distillation units) and plant upsets during the quarter.
Sundram Fasteners has posted a 27 per cent growth in its net profit at Rs.28.64 crore for the quarter ended December 31, 2013, against Rs.22.54 crore in the year-ago period. However, net sales fell by 4 per cent to Rs.467.47 crore from Rs.488.03 crore. Exports grew to Rs.189.36 crore (Rs.163.22 crore). Domestic revenue was down at Rs.277.71 crore (Rs.324.44 crore). For the nine-month period ended December 31, 2013, the company reported a net profit of Rs.93.44 crore (Rs.78.67 crore) and net sales of Rs.1474.43 crore (Rs.1557.03 crore).
Essar Oil has reported a profit after tax of Rs.52 crore for the quarter ended December 31, 2013, against Rs.32 crore in the year ago period, up 63 per cent. Gross revenues stood at Rs.27,385 crore against Rs.25,909 crore, up 6 per cent.
Earnings before interest, tax, depreciation and amortisation (EBITDA) was down at Rs.1,202 crore against Rs.1,241 crore.