Saturday May 17, 04:30 AM
Edelweiss Cap Q4 net up 2-fold at Rs 82.55 cr
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By Bureaus
Domestic brokerage firm Edelweiss Capital today announced a consolidated net profit of Rs 82.55 crore for the fourth quarter ended March 31, an over two-fold growth over the corresponding period a year-ago. The company, which was listed on the bourses last year, had a net profit of Rs 37.38 crore in Q4 of FY'07, Edelweiss said in a filing to the Bombay Stock Exchange. The total income rose to Rs 405.78 crore in the latest quarter, from Rs 135.88 crore in the same period previous fiscal. The board has declared a dividend of 40% on shares of face value of Rs five each for the year 2007-08. For the year ended March 31, the group announced a consolidated net profit of Rs 273.24 crore, an over two-fold growth over the year-ago period. Vardhman Group net profit at Rs 138 cr Vardhman Group on Friday has reported its net profit at Rs 138.06 crore for the quarter ended on March 31, 2008, showing a decline of 27% over the corresponding period last year. The net profit stood at Rs 189.97 crore for the reviewed period during last fiscal. "The net profit has come down on account of higher depreciation and interest cost arising out of capacity expansion programme being undertaken," Vardhman Textiles president D L Sharma said. The depreciation and interest cost of the group have risen to Rs 162.02 crore and Rs 65.84 crore as on March 2008, respectively from Rs 122.41 crore and Rs 38.34 crore in last fiscal. PTL Enterprise net up Onkar Kanwar group company, PTL Enterprise, posted a 50.55% rise in net profit at Rs 9.47 crore for the year ended March 2008 compared Rs 6.29 crore in the corresponding period of last year. During the year, total revenue grew 33.23% to Rs 20.93 crore from Rs 15.71 crore in the previous year. The company has announced a dividend of 15% (0.30 paise per equity share of Rs 2 each), subject to approval at AGM. This is the first dividend announced by the company after its revival by the Apollo group. Meanwhile, the company has also announced that the promoters plan to dilute around 15% equity in its subsidiary Artemis Medicare Services Pvt Ltd in favour of a strategic investor or private equity investor. Texmaco Q4 net at Rs 30.48 cr, up 195% K K Birla group company Texmaco Ltd today reported a net profit of Rs 30.48 crore in the quarter ended March, 2008, showing a growth of 195% over the corresponding period last year. The sales were worth Rs 213.07 crore during the period under review, against Rs 109.85 crore last year. However, net profit for the entire year 2007-08 was Rs 69.09 crore for the year ended 2007-08, up by 143% over the previous year. The net sales also scaled up by 81.5% to Rs 693.47 crore during the year. The company recommended a dividend of 75%.Texmaco board also approved stock-spilt of equity share of Rs 10 each into 10 shares of Re 1 each. -PTI
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