NTPC net profit tumbles 27% on fuel shortage
NTPC, the country's largest power generator, recorded a 27 per cent decline in net profit in the quarter ended June 30, 2008, as it was unable to fully operate its gas-powered plants due to non-availability of fuel. The state-owned power utility reported a net profit of Rs 1,726.53 crore for the quarter as compared with Rs 2,369.90 crore in the corresponding quarter last year.
Total income increased by 6 per cent at Rs 10,256.70 crore in the three months ended June 2008, as compared with Rs 9,687.80 crore in the year ago quarter. Variable costs like increase in raw material prices such as coal and gas.
Godrej Q1 net swells by 69% to Rs 53 crore
Godrej Industries posted a net profit growth of 69.2 per cent to Rs 52.8 crore for the quarter ended June 2008 on the back of uniform growth across subsidiaries. Net sales increased by 25.7 per cent to Rs 850.6 crore over the corresponding period last year. Adi Godrej, chairman, Godrej Industries, said, “Each of our subsidiaries and joint ventures has performed to expectation and remain vibrant businesses for the future.
Our portfolio of consumer products and property development businesses has registered strong growth and remains a powerful statement of our potential and ability to successfully invest in a brighter future for our stakeholders.”
GVK Power Q1 net up 208% to Rs 41 crore
GVK Power and Infrastructure posted a net profit of Rs 40.55 crore for the quarter ended June 30, 2008, as compared with Rs 13.17 crore in the corresponding quarter last year, an increase of 207.89 per cent. Total income grew 38.82 per cent to Rs 141.37 crore, as against Rs 101.83 crore during the same period last year.
