Bharat Forge, TTML, JK Cement & Max India Q4 results

CORPORATE SCORECARD

Auto component manufacturer Bharat Forge on Tuesday announced a standalone net profit of Rs 82.85 crore for the quarter ended March 31, a 28.89 per cent growth over the corresponding period a year ago.

The firm had a net profit of Rs 64.28 crore in the fourth-quarter last year, Bharat Forge said. The total income rose to Rs 576.50 crore for the latest quarter, from Rs 537.87 crore in the previous financial year.

The board of directors has declared a dividend of 175 per cent at the rate of Rs 3.50, on shares of face value of Rs 2, for the financial year 2008.

TTML pares Q4 loss to Rs 20.6 crore

Tata Teleservices (Maharashtra) Ltd (TTML) has posted a net loss of Rs 20.59 crore in the fourth quarter ended March 2008, down 122.92 per cent, compared with a net loss of Rs 45.90 crore recorded during the corresponding previous quarter. Total income rose to Rs 491.19 crore (Rs 390.79 crore).

For the full year ended March 2008, TTML posted a net loss of Rs 125.74 crore compared with a net loss of Rs 310.61 crore recorded during the previous financial year.

JK Cement Q4 net dips 2.6%

Kanpur-based JK Cement has posted a decline of 2.6 per cent in net profit for the quarter ended March 2008 at Rs 59.8 crore compared with Rs 61.4 crore in the corresponding previous quarter. Net sales during the period increased to Rs 385.6 crore from Rs 366.60 crore, up 5.18 per cent.

Increased input costs, mainly coal, hammered down the profits. According to company officials, the current quarter (April-June) too would be the same as prices of cement are not expected to rise despite increasing input costs.

Max India Q4 net profit at Rs 20 crore

Good performance by the insurance and healthcare businesses helped Max India, a diversified business group with interests in insurance, healthcare and speciality services, post a net profit of Rs 20.2 crore for the quarter ended March 2008 compared with a net loss of Rs 3.8 crore in the year-ago period.

Total income increased by 113 per cent from Rs 52.2 crore in the previous quarter to Rs 111.4 crore for the quarter ended March 2008, according to audited results. Max India posted a net profit of Rs 61.9 crore for the year ended March 2008, a 335 per cent increase compared with Rs 14.2 crore last year.