Amid difficult market conditions, Grasim reported a 25 per cent drop in its consolidated net profit at Rs.506.68 crore for the fourth quarter ended March 31, 2015, against Rs.679.27 crore in the corresponding period of the previous year.
The Aditya Birla group company reported a 5 per cent higher net revenue of Rs.8,819.60 crore against Rs.8,418.03 crore.
The board of directors has recommended a dividend of Rs.18 per share.
For the year ended March 31, 2015, the company reported a net profit of Rs.1,743.80 crore against Rs.2,071.54 crore, a drop of 16 per cent. Net revenues have increased by 12 per cent to Rs.32,847.34 crore from Rs.29,323.34 crore.
During the year, the company completed the merger of cement units adding 4.8 million tonnes capacity acquired by UltraTech in Gujarat. It commissioned the expanded viscose staple fibre (VSF) capacity in Vilayat taking capacity to 4.98 lakh tonnes.
Adani PortsAdani Ports and Special Economic Zone Ltd. (APSEZ) has reported a 25 per cent jump in its consolidated net at Rs.661 crore for the fourth quarter ended March 31, 2015, on higher income and enhanced cargo volumes.
It had reported a net profit of Rs.530 crore in the corresponding quarter of 2013-14. The company said its consolidated PAT for the full fiscal year increased by 33 per cent to Rs.2,314 crore from Rs.1,740 crore last year.
Also, its consolidated total income increased by 24 per cent to Rs.6,838 crore in 2014-15 from Rs.5,514 crore in the previous year, and consolidated EBIDTA increased by 27 per cent to Rs.4,588 crore from Rs.3,604 crore last year.
The board recommended a dividend of 55 per cent, which is Rs.1.10 per equity share for 2014-15. Adani ports at Mundra handled 27 MT cargo in the fourth quarter.
Srikalahasthi PipesSrikalahasthi Pipes Ltd. (formerly Lanco Industries), a manufacturer of ductile iron spun pipe, has increased its gross operating revenue by 8.3 per cent to Rs.1,123.04 crore in the year ended March 31, 2015, against Rs.1,037.16 crore in the previous financial year.
The net profit after tax has risen to Rs.82.98 crore from Rs.38.70 crore.
The directors have doubled the dividend to 30 per cent from 15 per cent in the previous year.
Equitas FinanceChennai-based Micro Finance Institution, Equitas Finance Pvt. Ltd. has reported a two-fold increase in its total income and net profit for the year ended March 31, 2015.
Equitas recorded total income of Rs.296.45 crore against Rs.131.68 crore. Net profit stood at Rs.34.22 crore against Rs.15.79 crore.
Net NPA was 1.48 per cent (1.42 per cent). Capital adequacy ratio improved to 38.63 per cent (32.78 per cent), during the period under reference.
