Ambuja Cements saw a 30 per cent drop in its net profit for the fourth quarter of 2012 at Rs.212 crore on marginally lower income of Rs.2,335.2 crore (Rs.2,346.7 crore) on a standalone basis.
However, it reported a 5.5 per cent growth in its consolidated net profit for calendar year 2012 at Rs.1,297 crore on a 14 per cent higher income of Rs.9,675 crore. The profit before tax was up 11 per cent at Rs.1,896 crore. The net profit is after a one-time additional charge of Rs.279 crore due to change in depreciation policy for captive power plants, a company statement said.
The board has recommended a final dividend of Rs.2.2 per share, which along with the interim of Rs.1.4 per share gives a total dividend of Rs.3.6 per share.
ACC reported a drop of 46 per cent in its net profit for the fourth quarter of 2012 at Rs.251.24 crore largely due to lower realisations and higher costs. Total income was up 3 per cent at Rs.2,768.11 crore while operating profit fell 18 per cent to Rs.249.4 crore.
In calendar 2012, its net profit fell 18.5 per cent to Rs.1,059.28 crore while the turnover grew 11 per cent to Rs.11,130.56 crore, a company statement said.
The directors have recommended a final dividend of Rs.19 per share.
Including the interim dividend of Rs.11 per share, total dividend for the year 2012 is Rs.30 per share.
Operating profit rose 14.3 per cent to Rs.2,196.64 crore. The profit before tax was Rs.1,441 crore (Rs.1,505.3 crore).
During the year, the company had retrospectively changed its method of providing depreciation on fixed assets. It said that had it continued to use the earlier method of depreciation, the profit after tax would have been higher by Rs.245.95 crore.
Apollo Hospitals posted a 22.39 per cent increase in consolidated net profit at Rs.74.6 crore for the third quarter ended December 31, 2012, against Rs.61 crore in the corresponding period of the previous fiscal. Revenues rose to Rs.980.9 crore from Rs.802.9 crore,
“The improving performance of our pharmacies business is contributing to balanced growth. The sale of our stake in Apollo Health Street has also strengthened our balance sheet,” Apollo Hospitals Chairman Prathap C. Reddy said in a statement.
The company was embarking on a never before expansion plan with 14 hospitals scheduled to be added to its network over the next 30 months, he said.Sales of its standalone pharmacies grew by 29.3 per cent to Rs.290.5 crore.
On a standalone basis, the firm posted a net profit of Rs.80.6 crore as compared to Rs.64.7 crore.