JB Chem, Goodlass Nerolac & Kale Consultants Q3 results

CORPORATE SCORECARD

JB Chem net up 24%

J B Chemicals & Pharmaceuticals, has posted 24 per cent growth in net profits at Rs 19.11 crore for the quarter ended December 31, 2005, as against Rs 15.45 crore recorded in the corresponding previous quarter.

Net sales stood at Rs 130.18 crore for the quarter as compared with Rs 100.62 crore last year, registering a growth of 29 per cent. Gross profit was at Rs. 21.89 crore, which rose by 20 per cent compared with Rs 18.18 crore in the corresponding period last year.

The company's board of directors has decided to raise Rs 44.46 crore through issuing 39 lakh equity shares for Rs 114 per share on preferential basis.

It will issue these shares to New Vernon Pvt Equity subject to approval of members of the company and other regulatory authorities, it informed the stock exchanges in another communique.

Goodlass Nerolac net up 132%

Goodlass Nerolac Paints has posted 131.73 per cent rise in its net profit for the third quarter ended December 2005 at Rs 65.57 crore as compared with Rs 28.33 crore in the corresponding quarter of the previous financial year.

Revenue during the reporting quarter increased 14.51 per cent to Rs 350.50 crore as against Rs 306.07 crore last year, the company said in a release.

Kale Consultants net up 221%

IT solutions provider Kale Consultants has posted 220.93 per cent jump in net profit for the third quarter ended December 2005 at Rs 1.38 crore as compared with Rs 43 lakh in the corresponding quarter of the last financial year.

Revenues during the reporting quarter increased 31 per cent to Rs 16.38 crore as against Rs 12.46 crore last year, the company said in a release.