Bharat Petroleum Corporation Ltd. (BPCL), on Friday, reported over four-fold jump in net profit at Rs.3,962.83 crore for the fourth quarter ended March, 2012 and declared a 1:1 bonus.
The oil major had posted a net profit of Rs.935.18 crore in the January-March quarter of 2010-11. Sales jumped to Rs.65,080.34 crore in the fourth quarter of 2011-12 fiscal from Rs.45,755.55 crore in the same period of the previous fiscal, the company said in a filing to the stock exchanges.
The board announced a bonus issue in the ratio of 1:1 and a dividend of Rs.11 per share.
(The last bonus issue was in the same proportion in 2001)
“One new bonus equity share of Rs.10 each for every one equity share of Rs.10 held as on a record date to be fixed later for this purpose. The company will seek the approval of the shareholders through postal ballot process,” it said. The bonus shares would result in capitalisation of a sum of Rs.361.54 crore. Accordingly, the paid-up equity capital of the company would stand revised to Rs.723.08 crore from the present level of Rs.361.54 crore.
For 2011-12, the company posted a net profit of Rs.1,311.27 crore as compared to Rs.1,546.68 crore in the previous fiscal. Turnover increased to Rs.2,13,674.75 crore from Rs.1,53,260.81 crore.
Sun TV
Sun TV Network has reported a revenue of Rs.1,757.37 crore for the year ended March 31, 2012 (standalone) as against Rs.1,923.71 crore. The earnings before depreciation and interest charges registered a rise of 79.7 per cent to Rs.1,400.67 crore from Rs.1,557.89 crore in the previous year. The net profit stood at Rs.694.65 crore against Rs.772.22 crore in the previous year.
The board of directors has recommended a final dividend of 75 paise per equity share of face value of Rs.5. This is in addition to the interim dividend of Rs.8.75 declared during the year. The dividend for the previous year was Rs. 8.75.
LMW
Lakshmi Machine Works has recommended a dividend of Rs. 25 per share of Rs. 10 each in addition to Rs.25 per share towards its golden jubilee year. The company has reported a total income of Rs. 502 crore for the fourth quarter ended March 31, 2012, against Rs.534.84 crore in the same period in the previous year.
The net profit has fallen sharply to Rs.6.99 crore from Rs.44.36 crore in the year-ago period, partly due to a rise in finance costs of Rs. 5.01 crore (Rs. 1.30 crore) and tax expenses of Rs. 24.88 crore (Rs.15.18 crore) pertaining to prior periods.
For the year ended March 31, 2012, the total income stood at Rs. 2,113.45 crore against Rs.1,803.75 crore and the net profit at Rs. 137.02 crore against Rs. 165.98 crore.
VA Tech
VA Tech Wabag, which is into water and waste water management, is buoyant about the prospects in view of the greater emphasis on implementing projects under the public-private partnership mode.
Boosting its confidence is also the draft National Water Policy that wants the role of municipalities to be limited to that of a regulator. When that happens, it would open up more opportunities in the operation and maintenance (O&M) sphere, which offers better margins than EPC (Engineering, Procurement and Construction) contract.
Addressing a press conference here on Friday, Executive Director (Finance) S. Varadarajan said in the fourth quarter ended March 31, 2012, the turnover was Rs.520.4 crore, up 46 per cent over the corresponding period of the previous fiscal.
The profit after tax (PAT) increased by 34 per cent to Rs.50 crore (Rs.39.1 crore).
For the full fiscal, the turnover was Rs.1,003.5 crore (Rs.733.5 crore) and PAT Rs.75.1 crore (Rs.55.3 crore).
As regards the consolidated financials, Wabag revenue in Q4 was Rs.674.4 crore, 32 per cent more in comparison to the corresponding quarter of 2010-11. The profit after taxation (PAT) rose by 31 per cent to Rs.60.4 crore.
For the entire year, the turnover was Rs.1,443.5 crore (Rs.1,241.8 crore) and PAT Rs.73.7 crore (Rs.52.6 crore).
The company announced a dividend of Rs.6 per share of the face value of Rs.2 each.
Managing Director Rajiv Mittal said the order backlog of Wabag India and overseas stood at Rs.3,731 crore. In 2012-13, the company expected the order book to increase by 20 per cent, revenue between 15 per cent and 20 per cent, and bottom line by 30 per cent, he said.
Stating that the business had been restructured this April into municipal water, industrial water, desalination water and O&M business, Mr. Varadarajan said it was to help the four business units acquire global dimension. Until March, Wabag India also had an international business unit.
