Lupin, Sify & Indiabulls Realty Q3 results

CORPORATE SCORECARD

Lupin net rises 3-fold to Rs 181 crore

Pharmaceuticals manufacturer Lupin on Tuesday announced a three-fold increase in consolidated net profit at Rs 180.86 crore for the third quarter ended December 31, 2007, as against Rs 62.02 crore during the corresponding period of the previous year.

Total income for the group rose 66.93 per cent to Rs 860.23 crore in Q3 from Rs 515.32 crore in the previous corresponding period, the company informed the Bombay Stock Exchange.

On a standalone basis, net profit increased three-fold at Rs 170.28 crore for the quarter ended December 31, 2007 as compared with Rs 56.03 crore in the corresponding quarter a year ago.

Income also increased 46.13 per cent to Rs 747.05 crore for the quarter ended December 31, 2007 from Rs 511.20 crore in the corresponding quarter a year ago. Lupin shares lost 6.88 per cent (Rs 36.95) to close at Rs 500.20 in a weak Mumbai market on Tuesday.

Sify net profit jumps to Rs 6.4 cr in Q3

Putting the troubles it suffered in September behind it, consumer Internet and e-commerce services provider Sify Technologies Limited has reported a net profit of $1.55 million (about Rs 6.40 crore) in the third quarter of 2007-08, an increase of 47.6 per cent from $1.05 million (about Rs 4.2 crore) in the corresponding quarter of the previous year. Sify had reported A net loss of $1.26 million (Rs 5 crore) in the September 2007 quarter.

Revenues in the third quarter were $38.38 million (about Rs 150 crore), 8.7 per cent higher from $35.30 million (about Rs 140 crore) in the corresponding period a year ago, and sequentially 2.8 per cent higher than $37 million (about Rs 148 crore) in the September quarter.

Managing Director and CEO Raju Vegesna said the enterprise business witnessed strong growth amid the restructuring of the consumer businesses which would take about four to six months to complete.

"We will relaunch the consumer business when ready to scale up revenues. To meet demand we are investing in network "expansion and building a new data centre in Mumbai," Vegesna said.

"We also plan to invest in a data centre in Delhi and invest in land in Chennai, where Sify's headquarters, having sophisticated data centres and network command centres, will be developed."

Indiabulls Realty net at Rs 303 cr

Property developer Indiabulls Real Estate has posted a net profit of Rs 303.31 crore on a total income of Rs 491.80 crore in the December quarter.

The figures are not comparable with those a year ago as the company was demerged in March 2007 from Indiabulls Financial Services, the company said.

There has been a 529 per cent growth from Rs 78.2 crore in Q2 to Rs 491.8 crore, with profit after tax up 769 per cent from Rs 34.9 crore to Rs 303.3 crore in the respective periods.

Indiabulls has also started leasing out space in Indiabulls One Centre, that covers 1.5 million sq ft of commercial space and 0.5 million leasable mall/retail space in Parel, central Mumbai.