Madhucon, MCF, Nirma & SBT Q4 results

CORPORATE SCORECARD

Madhucon net up 221%

Madhucon Projects posted 220.54 per cent increase in net profit to Rs 15.29 crore for the fourth quarter ended March 2006 compared with Rs 4.77 crore in the corresponding quarter of the previous year.

Total income grew 82.7 per cent to Rs 118.94 crore as against Rs 65.10 crore in the year-ago period. For the full year ended March 2006, the company's net profit increased by 82 per cent to Rs 29.44 crore from Rs 16.16 crore in the previous year.

Turnover increased to Rs 348.43 crore, registering growth of 12.19 per cent over the previous year's figure of Rs 310.55 crore.

MCF FY06 net up 13%

Mangalore Chemicals and Fertilizers (MCF) net profits for the financial year 2005-06 has risen 13 per cent to Rs 25.22 crore as compared with Rs 22.31 crore registered in FY 2004-05.

The company revenues increased 23 per cent to touch Rs 1,080.60 crore in FY 2005-06 as compared with Rs 878.02 crore registered in the previous year.

The board of directors of the company have declared a dividend of 6 per cent, the first ever, after the company was taken over by the UB Group in 1990. The last time the company declared a dividend was for the financial year 1987-88.

Nirma net dips 12% to Rs 95 cr

FMCG player Nirma reported 11.96 per cent dip in net profit to Rs 95.17 crore for the fourth quarter ended March 2006 compared with Rs 108.1 crore in the same period last year.

Turnover, however, jumped by 8 per cent to Rs 503.7 crore during the quarter from Rs 466.3 crore in the year-ago period, the company informed the BSE.

For the full year ended March 2006, the posted net profit of Rs 372.1 crore compared with Rs 284.6 crore in the previous year, gaining 30.7 per cent. Total income during the year shot up to Rs 1,940.4 crore from Rs 1,852.3 crore last year, an increase of 4.5 per cent.

SBT net profit at Rs 258.68 cr

State Bank of Travancore (SBT) has registered higher net profit at Rs 258.68 core for 2005-06 as against Rs 247.13 crore during the last fiscal.

The board of directors of the bank declared a dividend of 100 per cent up from 75 per cent paid during the last two financial years, an SBT release said.

Profitablity could be sustained mainly on account of an increase in the net interest income and lower depreciation on the investment portfolio.