Net profit of Nestle India rose 13.49% to Rs 230.83 crore on 16.98% rise in net sales to Rs 1954.68 crore in Q4 December 2011 over Q4 December 2010.
Nestle Indias net profit rose 17.45% to Rs 961.55 crore on 19.76% rise in net sales to Rs 7490.82 crore in the year ended December 2011 over the year ended December 2010.
Domestic sales increased by 20.2% on account of selling prices and volumes. Export growth was adversely impacted by a ban on exports of milk powder. The cost of material for goods sold as percentage of net sales was decreased largely due to improved product/ channel mix and Nestle Continuous Excellence initiatives, partially offset by the higher input cost inflation.
The increase in tax expense was higher than the increase in profit before tax due to the fact that on completion of five years of Pantnagar factory, the 100% income tax holiday was reduced to 30% of the profits of Pantnagar factory. Effective from April 2011, it will continue at the same rate for the next five years.
Commenting of results, A Helio Waszyk, Chairman and Managing Director, Nestle India, said. While the current environment is uncertain and volatile requiring cautious attention, we continue our journey. We are just starting to operate the Rs 2000 crore investments made in manufacturing and distribution creating additional jobs and at the same time continuing to reward our confident people - our main competitive advantage.
Reliance Infrastructure said it closed its buyback program on 13 February 2012. It bought back 44.30 lakh equity shares of Rs 234.32 crore, representing 1.66% of the pre buyback paid up equity shares at an average price of Rs 528.91 each.
HCL Technologies, a global IT and BPO services provider, signed an agreement with State Street Bank and Trust Company (State Street) to provide business process outsourcing services in support of a variety of State Streets investment services businesses. Financial details were not disclosed.
On a consolidated basis, net profit of Unitech fell 50.4% to Rs 55.22 crore on 22.1% decline in net sales to Rs 513.90 crore in Q3 December 2011 over Q3 December 2010.
Net profit of Great Offshore rose 353.01% to Rs 8.29 crore in the quarter ended December 2011 as against Rs 1.83 crore during the previous quarter ended December 2010. Sales rose 3.45% to Rs 201.38 crore in the quarter ended December 2011 as against Rs 194.66 crore during the previous quarter ended December 2010.
Net profit of Varun Shipping Company rose 597.97% to Rs 82.50 crore in the quarter ended December 2011 as against Rs 11.82 crore during the previous quarter ended December 2010. Sales declined 35.41% to Rs 78.96 crore in the quarter ended December 2011 as against Rs 122.25 crore during the previous quarter ended December 2010.
Net profit of ABG Shipyard declined 13.06% to Rs 46.47 crore in the quarter ended December 2011 as against Rs 53.45 crore during the previous quarter ended December 2010. Sales rose 14.65% to Rs 619.29 crore in the quarter ended December 2011 as against Rs 540.18 crore during the previous quarter ended December 2010.
Net profit of Unity Infraprojects rose 9.60% to Rs 24.66 crore in the quarter ended December 2011 as against Rs 22.50 crore during the previous quarter ended December 2010. Sales rose 9.94% to Rs 489.60 crore in the quarter ended December 2011 as against Rs 445.32 crore during the previous quarter ended December 2010.
Net profit of Vascon Engineers declined 91.50% to Rs 0.87 crore in the quarter ended December 2011 as against Rs 10.24 crore during the previous quarter ended December 2010. Sales declined 35.83% to Rs 106.60 crore in the quarter ended December 2011 as against Rs 166.12 crore during the previous quarter ended December 2010.
Net profit of B.L.Kashyap & Sons declined 97.47% to Rs 0.38 crore in the quarter ended December 2011 as against Rs 15.01 crore during the previous quarter ended December 2010. Sales rose 11.60% to Rs 489.11 crore in the quarter ended December 2011 as against Rs 438.28 crore during the previous quarter ended December 2010.
Net profit of Amtek Auto declined 7.30% to Rs 54.00 crore in the quarter ended December 2011 as against Rs 58.25 crore during the previous quarter ended December 2010. Sales rose 29.39% to Rs 558.83 crore in the quarter ended December 2011 as against Rs 431.90 crore during the previous quarter ended December 2010.
GVK Power & Infrastructure reported net loss of Rs 4.09 crore in the quarter ended December 2011 as against net loss of Rs 0.52 crore during the previous quarter ended December 2010. Sales declined 17.62% to Rs 6.78 crore in the quarter ended December 2011 as against Rs 8.23 crore during the previous quarter ended December 2010.
Net profit of EMCO declined 74.36% to Rs 1.40 crore in the quarter ended December 2011 as against Rs 5.46 crore during the previous quarter ended December 2010. Sales declined 35.85% to Rs 194.87 crore in the quarter ended December 2011 as against Rs 303.75 crore during the previous quarter ended December 2010.
Net profit of Ramky Infrastructure declined 29.23% to Rs 30.65 crore in the quarter ended December 2011 as against Rs 43.31 crore during the previous quarter ended December 2010. Sales declined 8.00% to Rs 729.83 crore in the quarter ended December 2011 as against Rs 793.30 crore during the previous quarter ended December 2010.
Net profit of Sanwaria Agro Oils declined 48.81% to Rs 4.08 crore in the quarter ended December 2011 as against Rs 7.97 crore during the previous quarter ended December 2010. Sales declined 22.67% to Rs 328.49 crore in the quarter ended December 2011 as against Rs 424.79 crore during the previous quarter ended December 2010.
Net profit of Aegis Logistics rose 5.94% to Rs 9.46 crore in the quarter ended December 2011 as against Rs 8.93 crore during the previous quarter ended December 2010. Sales rose 0.44% to Rs 68.42 crore in the quarter ended December 2011 as against Rs 68.12 crore during the previous quarter ended December 2010.
Net profit of Simplex Infrastructures declined 22.25% to Rs 18.03 crore in the quarter ended December 2011 as against Rs 23.19 crore during the previous quarter ended December 2010. Sales rose 36.66% to Rs 1594.32 crore in the quarter ended December 2011 as against Rs 1166.66 crore during the previous quarter ended December 2010.
Net profit of Elecon Engineering Company declined 58.64% to Rs 15.23 crore in the quarter ended December 2011 as against Rs 36.82 crore during the previous quarter ended December 2010. Sales declined 0.11% to Rs 299.99 crore in the quarter ended December 2011 as against Rs 300.31 crore during the previous quarter ended December 2010.
Net profit of Deccan Chronicle Holdings declined 39.37% to Rs 21.33 crore in the quarter ended December 2011 as against Rs 35.18 crore during the previous quarter ended December 2010. Sales rose 16.02% to Rs 231.59 crore in the quarter ended December 2011 as against Rs 199.61 crore during the previous quarter ended December 2010.
ICSA (India) reported net loss of Rs 32.89 crore in the quarter ended December 2011 as against net profit of Rs 31.59 crore during the previous quarter ended December 2010. Sales declined 46.97% to Rs 193.66 crore in the quarter ended December 2011 as against Rs 365.21 crore during the previous quarter ended December 2010.
Net profit of Balasore Alloys rose 144.37% to Rs 14.32 crore in the quarter ended December 2011 as against Rs 5.86 crore during the previous quarter ended December 2010. Sales declined 2.14% to Rs 160.06 crore in the quarter ended December 2011 as against Rs 163.56 crore during the previous quarter ended December 2010.
IVRCL Assets & Holdings reported net loss of Rs 62.41 crore in the quarter ended December 2011 as against net loss of Rs 11.43 crore during the previous quarter ended December 2010. Sales rose 97.59% to Rs 378.51 crore in the quarter ended December 2011 as against Rs 191.56 crore during the previous quarter ended December 2010.
Net profit of Era Infra Engineering declined 41.22% to Rs 34.21 crore in the quarter ended December 2011 as against Rs 58.20 crore during the previous quarter ended December 2010. Sales rose 12.45% to Rs 1140.87 crore in the quarter ended December 2011 as against Rs 1014.58 crore during the previous quarter ended December 2010.
Net profit of Aries Agro declined 38.03% to Rs 4.84 crore in the quarter ended December 2011 as against Rs 7.81 crore during the previous quarter ended December 2010. Sales declined 2.87% to Rs 53.16 crore in the quarter ended December 2011 as against Rs 54.73 crore during the previous quarter ended December 2010.
Net profit of Rico Auto Industries declined 88.13% to Rs 1.85 crore in the quarter ended December 2011 as against Rs 15.58 crore during the previous quarter ended December 2010. Sales rose 4.83% to Rs 272.35 crore in the quarter ended December 2011 as against Rs 259.81 crore during the previous quarter ended December 2010.
Net profit of Geodesic declined 33.78% to Rs 40.44 crore in the quarter ended December 2011 as against Rs 61.07 crore during the previous quarter ended December 2010. Sales rose 3.22% to Rs 177.85 crore in the quarter ended December 2011 as against Rs 172.31 crore during the previous quarter ended December 2010.
P B A Infrastructure reported net loss of Rs 2.07 crore in the quarter ended December 2011 as against net profit of Rs 2.56 crore during the previous quarter ended December 2010. Sales rose 10.30% to Rs 66.73 crore in the quarter ended December 2011 as against Rs 60.50 crore during the previous quarter ended December 2010.
Net profit of Saregama India rose 809.68% to Rs 2.82 crore in the quarter ended December 2011 as against Rs 0.31 crore during the previous quarter ended December 2010. Sales rose 13.76% to Rs 39.76 crore in the quarter ended December 2011 as against Rs 34.95 crore during the previous quarter ended December 2010.
Net profit of Amar Remedies rose 31.12% to Rs 12.26 crore in the quarter ended December 2011 as against Rs 9.35 crore during the previous quarter ended December 2010. Sales rose 17.24% to Rs 164.94 crore in the quarter ended December 2011 as against Rs 140.68 crore during the previous quarter ended December 2010.
Net profit of Gitanjali Gems rose 19.80% to Rs 57.65 crore in the quarter ended December 2011 as against Rs 48.12 crore during the previous quarter ended December 2010. Sales rose 64.23% to Rs 2088.78 crore in the quarter ended December 2011 as against Rs 1271.85 crore during the previous quarter ended December 2010.
Alok Industries reported net loss of Rs 36.58 crore in the quarter ended December 2011 as against net profit of Rs 89.76 crore during the previous quarter ended December 2010. Sales rose 48.36% to Rs 2386.65 crore in the quarter ended December 2011 as against Rs 1608.64 crore during the previous quarter ended December 2010.
Fertilizers & Chemicals Travancore reported net profit of Rs 14.79 crore in the quarter ended December 2011 as against net loss of Rs 30.34 crore during the previous quarter ended December 2010. Sales rose 45.51% to Rs 862.83 crore in the quarter ended December 2011 as against Rs 592.95 crore during the previous quarter ended December 2010.
Net profit of KNR Constructions rose 205.46% to Rs 16.77 crore in the quarter ended December 2011 as against Rs 5.49 crore during the previous quarter ended December 2010. Sales rose 18.86% to Rs 189.93 crore in the quarter ended December 2011 as against Rs 159.79 crore during the previous quarter ended December 2010.
Net profit of Insecticides India declined 30.79% to Rs 4.81 crore in the quarter ended December 2011 as against Rs 6.95 crore during the previous quarter ended December 2010. Sales rose 7.49% to Rs 105.54 crore in the quarter ended December 2011 as against Rs 98.19 crore during the previous quarter ended December 2010.
Net profit of REI Agro declined 39.27% to Rs 49.43 crore in the quarter ended December 2011 as against Rs 81.39 crore during the previous quarter ended December 2010. Sales rose 4.41% to Rs 1002.52 crore in the quarter ended December 2011 as against Rs 960.19 crore during the previous quarter ended December 2010.
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