Bajaj Holdings and Investments on Thursday announced a consolidated net profit of Rs 79.32 crore and net sales and income from operations at Rs 62.63 crore for the fourth quarter ended March 31.

For the year ended March 31, the company announced a consolidated net profit of Rs 525.69 crore, while the net sales and income from operations was at Rs 362.98 crore, Bajaj Holdings &Investments (BHIL) said.

During the year BHIL was demerged from Bajaj Auto Ltd. Post demerger, this is the first financial year of the company, hence the results of previous period are not comparable, it said. The board has declared a dividend of 200 per cent at the rate of Rs 20 each, on shares of Rs 10, for FY'08.

The company has announced a standalone net profit of Rs 48.57 crore and the total income was at Rs 61.95 crore for the fourth quarter of FY'08. For year ended March 31, the firm had a standalone net profit of Rs 307.02 crore and the total income was at Rs 355.33 crore. Shares of BHIL closed at Rs 672.05, up 3.11 per cent on the BSE.

Gammon Infra FY08 profit at Rs 20.74 cr

Gammon Infrastructure Projects has reported a net profit of Rs 20.74 crore for the year ending March 31, 2008, on net sales of Rs 159 crore.

Comparative numbers of the company for the previous year were not available.

Havells India Q4 PAT up

On the back of international growth, private sector power equipment maker Havells India posted a net profit after tax of Rs 39 crore for the fourth quarter ended March, a 34.5 per cent increase from Rs 29 crore in the corresponding previous period.

"We have had a significant performance on the back of strong growth witnessed in the domestic and international arena," Havells India's Joint Managing Director Anil Gupta said.

Net revenue increased by 24.54 per cent to Rs 548 crore (Rs 440 crore).

Net profit after tax for the year stood at Rs 144 crore (Rs 102 crore).

The performance of switchgear sales showed a growth of 34 per cent to Rs 543 crore (Rs 406 crore) in the year.

Jet postpones results announcement

Jet Airways, India's biggest private aircraft carrier in terms of passengers, said it was delaying the announcement of its financial results for the fourth quarter by a month.

Mumbai-based Jet board would announce an audited result in June instead of May 23, the company said in a statement to the stock exchanges. When asked, company officials did not assign any specific reason for the delay except that they would take more time to audit the results.

Still, the board will meet on May 23 and may discuss the future of its Executive Director Saroj K Datta's who, sources said, may not remain with the airline after May 31.

Jet Airways posted its first loss in five quarters in the three months to December 31, hurt by rising fuel cost and additional costs for expanding its international operations.

Jet had earlier said that it would take at least 18 months for its international operations to turn to profit. The carrier had a net loss of Rs 91.12 crore in the third quarter compared with a profit of Rs 40 crore a year earlier. Fuel costs account for more 50 per cent of an airline's total costs.