Mahindra Gesco, KPIT Cummins quaterly results

CORPORATE SCORECARD

Mahindra Gesco slips into the red

Mahindra Gesco Developers reported a net loss of Rs 1.52 crore for the fourth quarter ended March 2007, compared with a net profit of Rs 3.86 crore in the fourth quarter ended March 2006. Its net sales slipped to Rs 34 crore from Rs 42.4 crore in the previous year. Mahindra Gesco is one of the larger players in the organised sector for property development and consulting.

KPIT Cummins profit grows 37%

Riding on a strong offshore growth, KPIT Cummins Infosystems reported a net profit of Rs 14.05 crore for the year ended March 31, 2007, a growth of 36.85 per cent from Rs 10.27 crore over the corresponding quarter in the previous fiscal. The company's revenue for the fourth quarter stood at Rs 130.30 crore "" a growth of 44.52 per cent over the previous year's figure of Rs 90.16 crore.