Pennar net up 121%
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| Pennar Industries reported net profit at Rs 6.19 crore for the quarter ended September 30, 2006, compared with Rs 2.80 crore in the corresponding previous quarter, registering 121 per cent growth.
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| The company's net sales grew by 21 per cent to Rs 124.39 crore from Rs 103.02 crore in the same period last year. The company's paid-up equity share capital (face value of Rs 5 each) stood at Rs 41.80 crore during the quarter under review and the annualised basic earnings per share (face value of Rs 5 each) was Rs 2.96 compared with Rs 1.63 in the corresponding quarter last year.
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The company completed a major financial restructuring with foreign investment of Rs 122.4 crore during the quarter.
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VisualSoft net dips 95%
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| VisualSoft Technologies net profit came down by 95 per cent to Rs 26.06 lakh for the quarter ended September 30, 2006, compared with Rs 6.10 crore in the corresponding quarter last year.
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| The software solutions and outsourced product development company also witnessed a steep fall of 66 per cent in its total income at Rs 18.33 crore from Rs 54.13 crore in the corresponding previous quarter. Its basic earnings per share (face value Rs 10 each) stood at Rs 0.13 during the quarter against Rs 3.06 in the same period last year.
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“The second quarter figures cannot be compared with those of the previous corresponding quarter as we hived off our non-core business last year and have been concentrating on core businesses like outsourced product engineering and development,” a company official said.
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Raymond net up 284%
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| Raymond posted net profit at Rs 141.47 crore for the quarter ended September 30, 2006, compared to Rs 36.83 crore for the same quarter of the previous year.
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| This included the surplus on divestment of denim division amounting to Rs 87.10 crore. Profit-before–tax and exceptional items for the quarter was Rs 56.25 crore against Rs. 53.89 crore in 2005, up by 4.37 per cent.
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Net sales for the period were up 2.5 per cent at Rs. 358.62 crore compared with Rs. 349.66 crore in the corresponding quarter last year.
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IL&FS arm net drops
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| Stock broking firm IL&FS Investsmart has reported 29.61 per cent drop in its net profit for the quarter ended September 30, 2006, at Rs 12.38 crore from Rs 17.58 crore in the same period last year.
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| The total revenues for the second quarter fell by 54.51 per cent to Rs 23.85 crore from last year's Rs 52.43 crore.The EPS of the company stood at Rs 4.02 for the period ended September 30, 2006, against Rs 7.14 crore on September 30, 2005.
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On a half-yearly basis, the consolidated income of the company rose to Rs 117.49 crore compared with Rs 90.76 crore in the first half of 2005.
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