Chettinad Cement & Sasken Communication Q2 Result

CORPORATE SCORECARD

Chettinad Cement bottom line dips 32% to Rs 34.18 cr

Cement manufacturer Chettinad Cement Corporation today registered a net profit of Rs 34.18 crore for the second quarter ended September 30, a decline of 32.66 per cent over the corresponding period a year ago.

The company had a net profit of Rs 50.76 crore for the second quarter ended September 30, 2007, Chettinad Cement said in a filing to the Bombay Stock Exchange. Total income of the company rose to Rs 283.79 crore for the quarter under review, from Rs 234.99 crore in the same period last financial year.

For the six months ended on September 30, Chettinad Cement reported a 9.4 per cent growth in its net profit at Rs 77.7 crore, against a net profit of Rs 85.8 crore in the corresponding period in FY08. Further, total income during the six month ended September 30, rose to Rs 568.32 crore from Rs 434.75 crore in the corresponding period last financial year. Shares of the company closed at Rs 485, up 1.04 per cent on the BSE.

 

Sasken Communication profit drops 28% to Rs 14 cr

Sasken Communication Technologies, an embedded telecom solutions company, saw a drop of 28 per cent in its net profit to Rs 14.33 crore on the back of a fluctuating currency in the second quarter ended September 30, 2008, compared with the same period a year ago. The company's top line saw a jump of 23 per cent in revenue to Rs 176.3 crore. Operating margin was up 75 per cent to Rs 41.1 crore, with the company adding a total of 133 employees this quarter. The company added 11 new customers in Q2 taking the total of active customers to 96.