Hindalco reported a 2 per cent drop in net profit for the third quarter ended December 31, 2011, at Rs.451 crore (Rs.460 crore).
Net sales rose by 11 per cent to Rs.6,647 crore (Rs.5,975 crore) and operating profit marginally to Rs.805 crore (Rs.801 crore). The gross profit fell by around 5 per cent to Rs.551 crore (Rs.578 crore) largely due to higher interest charges on loans. D. Bhattacharya, CEO, Hindalco said, “efficiency improvements across the board helped us mitigate acute cost pressures.
The benefits of higher volume and realisation have been negated by the cost surge of over Rs.300 crore. The input cost rise of aluminium business alone was Rs.236 crore during the quarter. The performance of our copper business compensated for aluminium's squeezed margins.” Mr. Bhattacharya said capital expenditure plans for the full year were unchanged at Rs.10,000 crore. “ Managing our projects and their ramp-ups will be our key priority in the coming year.
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Rs.17 final from ACC
ACC reported a 21 per cent growth in consolidated net profit at Rs.1,300.80 crore for the year ended December 31, 2011, against Rs.1,077.53 crore in the previous year. Sales turnover too was up 21 per cent at Rs.10,012.33 crore (Rs.8,260.63 crore) while the profit before tax was Rs.1,505.29 crore (Rs.1,415.41 crore).
The directors have recommended a final dividend of Rs.17 per share and the total dividend sums up to Rs.28 per share, including an interim dividend of Rs.11 per share. The total dividend was Rs.30.5 including a one-time special dividend of Rs.7.5 in the previous year.
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Ambuja Cement pays Rs.1.8 final
Ambuja Cement reported a drop of 2.8 per cent in net profit at Rs.1,227.74 crore during the year ended December 31, 2011, against Rs.1,262.97 crore in the previous year.
Net sales were higher by 15 per cent at Rs.8,531 crore against Rs.7,390 crore. The company attributed the drop partly to the one-time charge of Rs.24.25 crore from a change in method of valuation of ESOP cost and due to higher taxes. The directors have recommended a final dividend of Rs.1.8 per share. The company paid an interim dividend of Rs.1.4 per share against a total of Rs.2.6 per share in the previous year.
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MRF
MRF has reported 10.48 per cent rise in its net profit at Rs. 112.89 crore in the first three months ended December 31, 2011 against Rs. 102.18 crore in the year-ago period. Total income has risen by 32.7 per cent rise to Rs. 2,875.49 crore from Rs. 2,166.53 crore . Net earnings work out to Rs. 266.18 per share against Rs. 240.92 in the year-ago period.
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Sundram Fasteners
Sundram Fasteners reported 11.4 per cent decline in its net profit at Rs. 24.84 crore in the third quarter ended December 31, 2011, against Rs. 28.01 crore in the same period in the previous year. The turnover has risen by 14.2 per cent to Rs. 531.57 crore from Rs. 465.49 crore in the year-ago period. It has announced an interim dividend of 60 paise per share (face value Re.1) for the year ending March 31, 2012. It has been stated that no provision has been made in the books of accounts with regard to the value of damages caused to assets in the recent ‘Thane cyclone'.
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Sundaram Brake
Sundaram Brake Linings has achieved a total income of Rs. 62.90 crore in the third quarter ended December 31, 2011, against Rs. 58.42 crore in the same period in the previous year. The net profit from ordinary activities after tax was lower by 5.1 per cent at Rs. 168.10 lakh against Rs. 176.95 lakh.
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Wheels India
Wheels India has registered a 63.6 per cent rise in its net profit at Rs. 9.13 crore in the third quarter ended December 31, 2011, against Rs. 5.58 crore in the same period in the previous year. The turnover increased by 31 per cent to Rs. 537.32 crore from Rs. 411.54 crore. Net earnings stood at Rs. 9.25 per share against Rs. 5.65 per share in the year-ago period.
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BOC India pays Rs.1.50
BOC India has reported a gross turnover of Rs.1,168.16 crore in the year ended December 31, 2011, against Rs.1,036.10 crore in the previous year. The net profit has improved by 30 per cent to Rs.121.66 crore from Rs.93.63 crore. The board has recommended a dividend of Rs.1.50 per share of Rs.10 each for 2011. S. M. Datta, Chairman of BOC India since 2007, is retiring and Sanjiv Lamba, Member of the Executive Board, Linde, AG, will be taking over.
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Shasun Pharma
Shasun Pharmaceuticals has posted a 51.2 per cent rise in its consolidated gross revenue at Rs. 310.59 crore in the third quarter ended December 31, 2011, as compared to Rs. 205.47 crore in the year-ago period. It has reported a profit of Rs. 24.60 crore against a loss of Rs. 9.65 crore in the year-ago period.
