Britannia Industries Ltd. closed 2014-15 with a 68.3 per cent rise in its net profit, which increased to Rs.622 crore. Standalone revenue stood at Rs.7,100 crore, a growth of 14 per cent over 2013-14.
The net profit included Rs.124 crore post-tax profit from sale of land and building. Excluding this one-time profit, the growth in net profit for 2014-15 was 34.9 per cent.
BIL board declared a dividend of 800 per cent.
The consolidated revenue rose by 13.8 per cent to Rs.7,775 crore with operational profit rising by 32.2 per cent to Rs.719 crore. Its fourth quarter revenue was higher by 14.3 per cent. — Indrani Dutta
Bajaj Auto Q4 net downBajaj Auto (BAL) reported a 18.6 per cent decline in its net profit for the fourth quarter of 2014-15 at Rs.622 crore on lower sales and provisions. BAL’s turnover declined 4.4 per cent to Rs.4,894 crore while operating profit was down 10 per cent at Rs.937 crore and operating margin was at 19.4 per cent (20.6 per cent). Total volumes during the quarter declined 16 per cent to 7.83 lakh units.
During the year 2014-15, the company’s net profit declined 13.2 per cent to Rs.2,814 crore although the turnover was six per cent higher at Rs.22,194 crore. The profit was impacted by the exception charge of Rs.340 crore towards payment of National Calamity Contingent Duty for its Pantnagar plant. Operating profit was at a historic Rs.4,429 crore and operating margin was at 20.3 per cent (21.5 per cent). The board recommended a dividend of Rs.50 per share. — Ramnath Subbu
Natco Pharma net up: Natco Pharma has reported a net profit of Rs.135 crore for the year ended March 31,2015, against Rs.103 crore, a growth of 31 per cent. Net revenues went up by 11 per cent to Rs.840 crore from Rs.756 crore. The board of directors has approved and taken on record various aspects, including an increase in equity investment by FIIs and foreign portfolio investors to 49 per cent; issue of shares or convertible securities of any nature up to an amount of Rs.450 crore; and merger of Natco Organics Ltd. — N. Ravi Kumar
LMW eyes exportsLakshmi Machine Works plans to focus on exports to select countries this year. R. Rajendran, Director-Finance, said that exports had been better, especially to countries such as Indonesia, Turkey and Bangladesh. “We want to focus more on exports as it has good potential.” The consolidated total income from operations in 2014-2015 was Rs.2,488.17 crore against Rs.2,337.84 crore in the same period of the previous year. The net profit grew by 30 per cent to Rs.219.65 crore from Rs.189.06 crore. — M. Soundariya Preetha
ITC Q4 net up 3.65%ITC has reported a net profit of Rs.9,607.73 crore in the 12 months ended March 2015, against Rs.8,785.21 crore in the corresponding period of the previous year. Net sales stood at Rs.36,083.21 crore against Rs.32,882.56 crore.
In the fourth quarter ended March 31, 2015, the company has reported a modest 3.65 per cent rise in its net profit at Rs.2,361.18 crore against Rs.2,278.01 crore in the corresponding quarter of 2013-14. Net sales rose marginally by 0.47 per cent to Rs.9,188.25 crore from Rs 9,145.14 crore. The board has recommended a dividend of Rs.6.25 per share (face value: Re.1). — PTI
