JSW Energy, part of the Sajjan Jindal-led JSW Group, has posted a net profit of Rs.75.3 crore for the second quarter ended September 30, 2013, down from Rs.305 crore in the year-ago period. Total income, on a standalone basis, has dropped from Rs.1,575 crore to Rs.1,290 crore. On a consolidated basis, the JSW Energy Group reported a net profit after taxes, minority interest and share of profit of associates of Rs.163 crore as compared to Rs.254 crore after taking into account exceptional item of Rs.168 crore.
On a consolidated basis, total income from operations was lower at Rs.2,025 crore against Rs.2,077 crore in the same period last year.
Sundaram Home Finance
Sundaram BNP Paribas Home Finance, the home finance subsidiary of Sundaram Finance, has reported a 12 per cent rise in its net profit at Rs.70.17 crore in the half-year ended September 30, 2013, up from Rs. 62.56 crore registered in the same period last year.
Home loan disbursements have risen by 8 per cent to Rs. 1,338.73 crore (Rs. 1,243.77 crore).
Repco Home Finance
Repco Home Finance has reported a 31 per cent rise in its total income from operations at Rs. 129.90 crore in the second quarter ended September 30, 2013, against Rs. 99.19 crore in the same period in the previous year.
The net profit has risen by 89.4 per cent to Rs. 29.16 crore from Rs. 21.42 crore in the year-ago period.
Wendt India, a joint venture between Wendt GmbH, Germany and Carborundum Universal of Murugappa Group, has achieved a 12 per cent rise in turnover at Rs. 25.17 crore in the second quarter ended September 30, 2013. The profit after tax was higher by 21 per cent at Rs. 3.02 crore. The company said the growth in turnover and net profit was primarily on account of higher volumes and operational efficiencies.