NIIT Tech, Thermax & Indraprastha Gas Q1 results

CORPORATE SCORECARD

Forex losses due to the depreciating rupee impacted NIIT Technologies first quarter results, leading to a flat growth in profit after tax for the quarter ended June 30, 2008 at Rs 35.1 crore.

However, the focus on non-linear growth saw the firm's year-on-year consolidated revenues grow by 7.14 per cent to touch Rs 445.8 crore as compared with Rs 229.4 crore in the corresponding quarter last financial year.

 

Thermax profit grows 13.74 per cent

Thermax announced a 13.74 per cent growth in net profit to Rs 63.70 crore as compared with Rs 56.01 crore for the quarter ended June 30, 2007. Total income surged by 7.51 per cent to Rs 727.15 crore as against Rs 676.30 crore for the quarter ended June 30, 2007. Thermax makes boilers for thermal power plants and air pollution control equipment.

Indraprastha Gas Q1 bottom line rises 14%

Indraprastha Gas (IGL), which sells gas to vehicles and households in Delhi, recorded a lower-than-expected 14 per cent rise in net profit in the first quarter ended June 2008, due to increase in staff and raw material costs.

IGL, a joint venture between GAIL (India), Bharat Petroleum Corp (BPCL) and the Delhi government, reported net profit of Rs 43.68 crore during the quarter ended June 30, 2008, as compared with Rs 38.42 crore in the corresponding quarter last year.