Dalmia Cement (Bharat) has posted a 13 per cent rise in quarterly profits helped by better price realisations from cement and higher sugar sales, but said rising coal and freight costs would squeeze margins.
The firm sells almost all of its cement in southern India, and this brings it more than three-fourths of its annual revenue. Sugar makes up slightly less than a fifth of sales. Net profit for January-March quarter rose to Rs 70 crore from Rs 61.81 crore in the year ago period.
Net sales rose 39 per cent to Rs 415 crore from Rs 298 crore in the year ago period, Dalmia said. In its cement business, core earnings, which exclude interest, taxes, depreciation and amortisation, rose 22 per cent to Rs 1,344 per tonne.
Rediff Q4 net profit declines 50% y-o-y
Internet player Rediff has reported a 50 per cent fall in its net income for the fourth-quarter ended March 31, 2008. Its net income for the quarter was $1.02 million (around Rs 42 crore), or 3.44 cents per American depository shares (ADS), as compared to a net income of $2 million (around Rs 82 crore), or 6.89 cents per ADS, for the corresponding quarter of the previous year.
Its revenues for the same period touched $9.06 million (around Rs 38 crore), an increase of 7 per cent over the quarter ended March 31, 2007. Its India online revenues, which include advertising and fee-based revenues, amounted to $7.18 million (Rs 30 crore), an increase of 14 per cent.
Geojit Fin FY08 net zooms
Geojit Financial Services has posted a net profit of Rs 58.66 crore, rise of 133 per cent, in the financial year ended March 2008 as compared to Rs 25.21 crore in the previous year.
For the fourth quarter ended March 2008 the company's consolidated revenue rose by 78 per cent to Rs 64.35 crore as against Rs 36.14 crore in the same quarter last year, while net profit shot up by 106 per cent to Rs 11.82 crore from Rs 5.74 crore. Profit before tax rose to Rs 18.06 crore from Rs 9.6 crore, a rise of 88 per cent.
The distribution business is also growing at close to 100 per cent. In the FY2007-08, the income from distribution rose by 88 per cent to Rs 17.95 crore.
