UltraTech, RIIL & Swiss Glascoat Q2 results

CORPORATE SCORECARD

UltraTech net dips after ten quarters

UltraTech Cement, a part of the Aditya Birla group, has posted a decline of 11.66 per cent in its net profit at Rs 164.19 crore for the quarter ended 30 September, compared with Rs 185.86 crore in the previous corresponding quarter.

The company's net sales during the quarter stood at Rs 1,396.21 crore, against Rs 1,167.62 crore during the corresponding period last year, up 19.58 per cent. Flat realisation in cement prices and rise in input costs, which rose by 37 per cent, forced the net profits to decline for the first time in the last ten quarters.

The cost of power and fuels increased to Rs 394.52 crore, up 53.27 per cent. The earning per share for the quarter stood at Rs 13.19 against Rs 14.93 last year. In a statement, the company said, "New coal linkages have not yet become operational and there was a shortfall on coal supplies during the quarter against existing linkages."

Reliance Industrial Infra net down 3%

Mukesh Ambani-led Reliance Industrial Infrastructure (RIIL) announced a net profit of Rs 5.32 crore for the second quarter ended September 30, a 3.27 per cent decline over the same period last year. The company had a net profit of Rs 5.50 crore in the second quarter of FY08, RIIL said in a filing to the BSE.

Swiss Glascoat Q2 profit jumps 20%

Swiss Glascoat Equipment, engaged in the manufacture and sale of glass-lined equipment and spares, reported 20 per cent rise in net profit at Rs 30.99 lakh for the quarter ended September 30, 2008-09, as compared to Rs 25.85 lakh in the corresponding period last year. Net sales during the second quarter of the current financial year perked up by 42 per cent to Rs 12.03 crore, as compared to Rs 8.47 crore in the corresponding period last year.