R-Power, Tata Power & Suven Life Q1 results

CORPORATE SCORECARD

R-Power Q1 net at Rs 61 crore

Anil Ambani group firm Reliance Power posted a consolidated net profit of Rs 61.22 crore for the first quarter ended June 2008. The consolidated total income stood at Rs 80.55 crore in the latest quarter, the company said in a filing to the Bombay Stock Exchange.

On a standalone basis, it reported a profit after tax of Rs 59.70 crore and a total income of Rs 77.67 crore. Previous year’s figures were not available as the company got listed on the bourses on May 11, 2007.

The company is currently developing a capacity of 28,200 mw, the filing added. The firm is planning to borrow $4 billion overseas to fund two generation projects. The company’s net worth was at Rs 13,598 crore, while earning per share was at Re 0.26.

 

Tata Power Q1 net up marginally

Tata Power has posted a marginal rise in net profit at Rs 190.55 crore for the quarter ended June 2008 compared with Rs 190.20 crore in the corresponding previous quarter. Total income was recorded at Rs 2,074.44 crore, up 31.3 per cent than Rs 1,579.9 crore posted in the corresponding preious quarter.

Sales have increased by 1.45 per cent at 4,115 million units (4065). Earlier this month, the company received an order from the Supreme Court to supply power to retail consumers in Mumbai.

Suven Life net dips 49%

Pharmaceutical firm Suven Life Sciences recorded a 49.36 per cent decline in its net profit to Rs 1.59 crore for the first quarter ended June 30, 2008, as compared to Rs 3.14 crore in the same period last year.

Total income was up 11.42 per cent to Rs 32.29 crore in the quarter, as against Rs 28.98 crore last year. Earnings per share fell to Rs 0.14 (face value Re 1) as against Rs 0.27 last year, while paid-up equity share capital remained at Rs 11.57 crore.