R-Infra, Educomp Solutions & Gillette India Q2 results

CORPORATE SCORECARD

R-Infra net up 16%

Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group (ADAG), has reported a 16 per cent increase in net profit for the quarter ended September 2008 due to a rise in electricity sale and EPC (engineering, procurement and construction) revenue.

The company posted a net profit of Rs 289 crore in the quarter compared with Rs 250.08 crore in the previous corresponding period. Total income went up by over 60 per cent at Rs 2,473.2 crore (Rs 1,541.73 crore).

For the six months ended September 2008, its total operating income went up by 49 per cent to Rs 4,764 crore (Rs 3,201 crore). The company had posted a net profit of Rs 542 crore for the six month period, 15 per cent higher than the Rs 472 crore in the corresponding period of previous year.

Educomp Solutions profit increases 119%

Educomp Solutions, a city-based IT education company, has posted a profit after tax of Rs 28.8 crore for the second quarter ended September 30. The profit is up 119 per cent from Rs 13.1 crore for the quarter ended September 30, 2007.

In the three-month period this financial year, total revenue increased by 151.5 per cent to touch Rs 142.9 crore from Rs 56.8 crore for the quarter ended September 30, 2007. Sequentially, the profits were up 72 per cent from Rs 16.7 crore in the trainilg quarter. Quarter-on-quarter revenues rose by 106 per cent from Rs 69.4 crore in the previous quarter ended 30 June, 2008.

Gillette India net declines 28%

Gillette India, a personal grooming products company, has reported a 27.97 per cent dip in net profit at Rs 20.04 crore in the quarter ended September 30, against Rs 27.82 crore in the corresponding quarter of the previous financial year.

The decline in net profit was on account of price reduction on Vector Plus shaving systems and lower margin on Oral B toothbrushes. During the quarter, higher expenses were incurred on advertising and sales promotion. Also the cost of imports saw an increase due to fall in the value of Indian rupee against the dollar.