Clariant, Datamatics, Dewan Hsg & Gulf Oil results

CORPORATE SCORECARD

Clariant net dips to Rs 4.08 crore

Clariant (India) Ltd, an affiliate of Swisss multinational Clariant AG, has posted a marginal dip in net profit at Rs 4.08 crore in the quarter ended December 31, 2004 compared with the corrsponding previous period's Rs 4.90 crore.

Total income grew by 10.45 per cent to Rs 94.58 crore from Rs 85.63 crore in the quarter ended December 31, 2003. Profit before tax came down to Rs 6.19 crore from Rs 7.32 crore.

Earnings per share stood at Rs 3.4 at the end of the quarter ended December 31, 2004 against Rs 4.1 on the corresponding period last year.

Datamatics net up 49% to Rs 7.15 crore

Datamatics Technologies Limited (DTL) has reported a 38 per cent rise in revenue at Rs 14.47 crore for the third quarter ended December 2004 over the corresponding quarter last year.

The net profit of the company stood at Rs 7.15 crore a growth of 49 per cent compared to the corresponding quarter last year.

According to a company release, DTL has recommended an interim dividend of 25 per cent (Re 1.25 per share on a face value of Rs 5). On a consolidated basis, DTL reported 22.81 per cent growth in consolidated revenues at Rs 37.86 crore for the third quarter ended December 2004 compared with Rs 30.83 crore for the corresponding quarter last year.

The net profit stood at Rs 5.16 crore against Rs 5.77 crore in the corresponding quarter last year. During the third quarter DTL acquired two new customers.

The top five clients of the company contributed 27 per cent of the revenues, while the top 10 clients contributed 44 per cent of the revenues.

The largest client contributed 7 per cent of the revenues. Geographically, US generated 84 per cent of the revenues, while Europe generated 11 per cent and the rest of the world accounted for 5 per cent.

Dewan Hsg net down 8% to Rs 5.82 crore

Dewan Housing Finance Corporation (DHFC) reported a 7.65 per cent fall in net profit to Rs 5.82 crore in the third quarter ended December 2004 from Rs 6.30 crore a year ago.

For the first nine months of 2004-05, DHFC's net profit was up at Rs 17.46 crore against Rs 16.14 crore a year ago. DHFL said its disbursements in the third quarter increased 17 per cent to Rs 166.76 crore against Rs 142.52 crore in the same quarter of previous year.

The housing finance company's loan portfolio stood at Rs 1,437 crore as on December 31, 2004. DHFC made full provision for non-performing assets as per the three-month overdue loans norm. It made a provision of Rs 2.43 crore during the third quarter against Rs 0.35 crore a year earlier.

Gulf Oil net up 16% to Rs 5 crore

The Hyderabad-based Gulf Oil Corporation, a Hinduja group company, has registered a 16 per cent growth in net profit at Rs 5.03 crore for the third quarter ended December 31, 2004, compared with Rs 4.34 crore in the corresponding quarter last year.

The total turnover for the third quarter was Rs 120 crore (Rs 102 crore). The profit before tax and 'extraordinary items' for the quarter stood at Rs 5.17 crore (Rs 5.83 crore).

While the lubricants division's turnover rose by 23 per cent to Rs 85 crore (Rs 69 crore), the explosives division posted a decline in turnover of Rs 7 crore in the third quarter due to the non-availability of ammonium nitrate, the main raw material, from fertiliser units, according to the company's press release.

For the nine-month period, the net profit stood at Rs 17.58 crore (Rs 16.69 crore) with the total turnover being Rs 304.52 crore (Rs 268.63 crore).