Nahar, Ontrack, Prakash Industries Q3 rsults

CORPORATE SCORECARD

Nahar net rises 31% to Rs 24 cr

Nahar Industrial Enterprises, an integrated textile company, has posted an increase of 30.53 per cent in its net profit at Rs 23.83 crore for the quarter ended December 31 compared with Rs 18.26 crore posted in the corresponding previous quarter. Revenue went up by 45.14 per cent to Rs 243.95 crore during the quarter against Rs 168.08 crore reported last year.

Ontrack net at Rs 4.5 crore

Ontrack Systems has posted a net profit of Rs 4.5 crore in the quarter ended December 31, 2006 compared with Rs 2 crore in the corresponding period of the previous financial year. However, turnover has gone down to Rs 7.46 crore in the third quarter of the current fiscal from Rs 8 crore in the same period of the last financial year.

Prakash Industries net soars 351%

Delhi-based steel maker Prakash Industries has recorded an increase of 351 per cent in its third quarter net profit at Rs 37.76 crore compared with Rs 8.37 crore in the corresponding quarter a year ago. The company's Q3 turnover stood at Rs 292 crore against Rs 232 crore in the corresponding period last year.

The improvement in the financial results has been attributed to cost effectiveness it has achieved in steel making.