Reliance Power has reported a 15 per cent jump in its net profit at Rs.266.06 crore for the fourth quarter ended March 31, 2013, against Rs.231.31 crore in the same period last year.
Total income rose to Rs.1,247.79 crore from Rs.532.59 crore.
The company, for the year ended March 31, 2013, reported a net profit of Rs.1,011.46 crore as compared to Rs.866.78 crore in 2011-12, up 17 per cent.
Total income shot up to Rs.5,284 crore.
“The year 2012-13 saw us achieve significant landmarks in the development of our 3,960 MW Sasan ultra mega power project (UMPP). We commenced coal production from our 20 million tonnes per annum Moher mines,” J. P. Chalasani, Chief Executive Officer, Reliance Power, told reporters here.
“We commissioned our first 600 MW super critical unit of the Sasan UMPP in March 2013. This year also saw the first full year operation of our 1,200 MW Rosa project in Uttar Pradesh and the 40 MW Solar photovoltaic (PV) project in Rajasthan which resulted in record generation and profitability. The 45 MW wind project in Maharashtra is in its final stages of implementation and the project is expected to be commissioned shortly,” Mr. Chalasani added.
He said the 100 MW concentrated solar power (CSP) project in Dhursar, Rajasthan, had also made progress. “This will be the largest CSP plant to be commissioned under the government’s National Solar Mission,” Mr. Chalasani added.
Reliance MediaWorks reported a consolidated net loss of Rs.219.19 crore for the quarter ended March 31, 2013, and its plans to raise Rs.605 crore from a private equity fund has been delayed. The company had posted a net loss of Rs.154.14 crore in the same quarter in the previous fiscal, the company said in a filing to the BSE.
Net sales stood at Rs.140.54 crore against Rs.173.41 crore.
Rs.7.50 final dividend from Tata Coffee
Tata Coffee reported a 12.5 per cent fall in consolidated net profit at Rs.25.22 crore for the quarter ended March 31, 2013, against Rs.28.83 crore in the year-ago period, due to a loss in a group firm. However, profit from the normal business grew 58 per cent to Rs.46.66 crore from Rs.29.53 crore, the company said in a filing to the BSE.
Total income has increased to Rs.387.83 crore from Rs.382.01 crore.
For the 12 months ended March 31, 2013, the company’s consolidated net profit has increased to Rs.116.23 crore from Rs.81.19 crore in the previous fiscal. Total income has increased to Rs.1,697.35 crore from Rs 1,549 crore. Tata Coffee said its board has approved a final dividend of Rs.7.50 per share of the face value of Rs.10 each for 2012-13.
Nestle India has posted a 1.21 per cent increase in its consolidated net profit at Rs.279.09 crore for the first quarter ended March 31, 2013, against Rs.275.73 crore in the corresponding period of the previous year.
Net sales rose to Rs.2,248.08 crore from Rs.2,047.45 crore. The company follows January-December financial year.
The company said the net profit for the 2013 March quarter was not comparable with the same period of 2012 as it had been negatively impacted due to changes in regulatory procedures.
“These changes resulted in timing differences for certain provisions for contingencies that reduced the net profit for the quarter,” it added.
Blue Star posted a net profit of Rs.18.55 crore for the fourth quarter ended March 31, 2013, as against a net loss of Rs.45.37 crore registered in the year-ago period.
Total operating income at Rs.858.24 crore increased by 5 per cent over the same period last year, a company statement said here.