Akruti City, KPIT Cummins, Nucleus Software, Patel Engg & Rolta Q2 result

Corporate Result

Akruti City bottom line up three-fold

Mumbai: Akruti City today announced a consolidated net profit of Rs 195.36 crore for the second quarter ended September 30, more than three-fold growth over Rs 56.51 crore it had registered in the corresponding period a year ago, the company said in a filing to the BSE.

KPIT Cummins net rises 18.6% to Rs 17 cr

Pune: Manufacturing solutions provider KPIT Cummins Infosystems posted a net profit of Rs 16.70 crore during the second quarter of the current financial year, an increase of 18.6 per cent over Rs 14.08 crore recorded in the corresponding quarter of the previous year. Revenues for the quarter grew 30.47 per cent to Rs 194.72 crore over the previous year’s figure of Rs 149.24 crore.

Nucleus Software net hammered by 75%

New Delhi: Delhi-based software company Nucleus Software has reported a 75 per cent decline in net profit for the second quarter ended September 30. The company’s net profit declined to Rs 4.07 crore compared with Rs 16.18 crore a year ago. In the period however, revenues increased by 7 per cent to Rs 75.46 crore compared with Rs 70.37 crore last year.

Patel Engg net profit grows 20% to Rs 43 cr

Mumbai: Patel Engineering, a civil infrastructure company, has posted a consolidated net profit growth of 20 per cent to Rs 42.58 crore during the quarter ended September 30, 2008, compared with Rs 35.53 crore posted in the corresponding quarter in the previous year. Consolidated net sales grew by 30 per cent to Rs 441.81 crore in the same period as against Rs 338.77 crore posted in the same quarter a year ago.

Rolta Q1 net down by 55% to Rs 24 crore

Mumbai: Though Rolta India registered a growth of over 50 per cent in its top line, the liability of foreign currency convertible bonds (FCCB) impacted its bottom line.

The company’s net profit for the first quarter ended September 30, 2008, declined 55 per cent to Rs 23.9 crore from Rs 53.8 crore. Rolta has provided Rs 61.35 crore (against Rs 30.18 crore in the previous quarter) as foreign exchange revaluation loss on translation of FCCB liability of $150 million.