Chambal Fertilisers & Chemicals on Thursday announced a consolidated net profit of Rs 237.43 crore for the financial year ended March 2008, a 69.36 per cent growth over the year-ago period.

The company had a net profit of Rs 140.19 crore in 2006-07. The total income rose to Rs 3,285.04 crore in the period under review from Rs 3,005.59 crore in the previous year. The board of directors of the company has declared a dividend of 18 per cent on shares of face value of Rs 10 each.

The company announced a standalone net profit of Rs 203.8 crore for the year ended March 2008, a 16.13 per cent growth over the year-ago period. It had a net profit of Rs 175.49 crore last year.

The total income rose to Rs 2,802.3 crore during the period from Rs 2,638.61 crore in the previous year. Shares of Chambal Fertilisers rose 1.67 per cent to Rs 72.95 on BSE today.

Torrent Power Q4 profit rises 14%

Torrent Power, the Gujarat-based power utility company, has posted a net profit of Rs 50.4 crore for the quarter ended March 2008, a rise of 13.7 per cent from that of the corresponding period last year.

The total revenue for the quarter grew 22.1 per cent to Rs 948.3 crore in the same period, said the company. For the year ended March 2008, the company reported a net profit of Rs 211.24 crore.The Torrent Power stock rose 1.76 per cent to Rs 132.95 on BSE today.

Voltas FY08 profit up 12%

Voltas has posted a 12 per cent rise in net profit for the financial year ended March 2008 to Rs 208 crore against Rs 186 crore in the previous year.

The company's net sales for the year increased by 26 per cent to Rs 3,086 crore against Rs 2,451 crore during FY07. Its total order book for the year was up by 101 per cent at Rs 4,877 crore.

The electro-mechanical projects segment grew by 21 per cent, while the unitary cooling products division registered 37 per cent growth. Voltas recorded a 41 per cent rise in air conditioner sales over the previous year.

Mercator Lines FY08 net surges 175%

Mercator Lines has posted a net profit of Rs 370 crore for the financial year 2007-08, showing a growth of 175 per cent compared with Rs 135 crore in the year-ago period.

The rise was a result of firm freight rates in the dry carrier segment and a buoyant demand from shipping. On a consolidated basis, the company has achieved 30 per cent higher income from operations at Rs 1,455 crore during the financial year 2008 as against Rs 1,123 crore during the previous year.