Ingersoll Rand, Arvind Mills & Videocon Ind Q3 results

CORPORATE SCORECARD

Ingersoll Rand net up six times

Ingersoll Rand (India), a provider of construction services, today reported close to six times higher net profit at Rs 83.16 crore for the third quarter ended December 31, 2007 compared to the corresponding period of previous financial year. The company's net sales for the quarter dropped by 20.7 per cent to Rs 134.57 crore.

Arvind Mills profit at Rs 6 crore

Arvind Mills has posted profit after tax at Rs 6 crore, up 76 per cent, for the quarter ended 31 December 2007 compared to Rs 4 crore in the corresponding quarter of the previous financial year.

The company reported 20 per cent jump in net sales at Rs 537 crore for the quarter ended 31 December 2007 as against Rs 448 crore in the corresponding period last year. The company's branded apparel and retail business registered 40 per cent growth in sales.

The company stated in a release that apart from the denim which has had significant reversal in trends and power cost increase due expiry of natural gas supply contract, all other product groups have returned significant improvement in performances.

Videocon Industries net up 21%

Consumer durable major Videocon Industries has reported a 21 per cent increase in net profit at Rs 249.4 crore for the quarter ended 31 December 2007 as compared to Rs 206 crore for the corresponding period last year.

During the quarter the company posted total income of Rs 2,396 crore as against Rs 2,105 crore for the quarter ended 31 December 2006.

During the quarter Videocon acquired Planet M, the music and entertainment retail arm of media house Bennett, Coleman & Co, for Rs 200 crore.

The company is set to enter the telecom and power sector. The company's shares tanked 4.71 per cent on BSE, closing at Rs 524.90.