Century Enka, MRO-TEK & Priyadarshini Q4 results

CORPORATE SCORECARD

Century Enka net down

Century Enka has posted net profit at Rs 3.66 crore for the quarter ended March 31, 2006, an 86 per cent decline in growth, compared with Rs 26.1 crore reported in the previous corresponding quarter.

Total income increased for the period increased to Rs 262.02 crore from Rs 250.43 crore, a growth of 4.62 per cent.

For the year ended March 31, 2006, the company posted net profit of Rs 17.59 crore compared with Rs 52.56 crore reported in the previous year, a decline of 66 per cent.

The company's net sales increased from Rs 964.09 crore to Rs 1005.03 crore in the year, a growth of 4.24 per cent.

MRO-TEK net up 146%

MRO-TEK has posted 146 per cent increase in net profit at Rs 5.06 crore for the fourth quarter ended 31 March 2005-06 as compared with Rs 2.05 crore for the corresponding quarter of the previous fiscal.

The revenues for the quarter grew by 5.44 per cent at Rs 32.56 crore as against Rs 30.88 crore posted in the corresponding period last year.

The Bangalore-headquartered company also announced that it was debt-free by fully liquidating the term debts and temporary working capital borrowings of Rs 13 crore during the fiscal.

"During the ongoing fiscal, we won't need to borrow for our working capital as this would be arranged through internal accruals," R Ramaswamy, CFO, MRO-TEK told media.

For the year 2005-06, the company's revenue grew by 20 per cent to Rs 144 crore as compared with Rs 119 crore registered during the previous fiscal.

The net profit for the year rose by 320 per cent to Rs 17.56 crore, as against Rs 4.15 crore during the previous fiscal.

The company also recommended a final dividend of 20 per cent for the year which in addition to the earlier dividend of 25 per cent in February 2006, made it a total of 45 per cent (Rs 2.25 per share). In 2004, the company had announced dividend of 25 per cent (Rs 1.25 per share).

Priyadarshini net up

Priyadarshini Spinning Mills has announced 86.5 per cent increase in net profit at Rs 97 lakh for the quarter ended March 2006 as compared with Rs 52 lakh in the previous corresponding quarter.

Income from operations increased by 11.6 per cent to Rs 38.89 crore from Rs 34.83 crore in the year-ago period. EPS increased to Rs 1.11 from Rs 0.83.

For the full year ended March 2006, net profit increased by 44.1 per cent to Rs 3.46 crore as compared with Rs 2.4 crore in 2004-05.

Income from operations during the year rose 1.5 per cent to Rs 151.41 crore from Rs 149.09 crore in FY05. EPS increased to Rs 5 from Rs 3.68. Priyadarshini is setting up a garment manufacturing unit at an investment of Rs 25 crore.