Spice Comm, Ajanta Pharma & Bilt Q4 results

CORPORATE SCORECARD

Total income stood at Rs 87.28 crore (Rs 80.10 crore), up 8.9 per cent.

For the year ended March 2008, its consolidated income has grown by 19 per cent to Rs 317.48 crore (Rs 267.31 crore) and consolidated net profit increased by 49 per cent to Rs 21.88 crore (Rs 14.66 crore).

 

"We have been consistent in our approach of building brands globally, which is the foundation for our growth," said Yogesh Agrawal, managing director, Ajanta Pharma.

The board of directors has recommended a dividend of 25 per cent (Rs 2.50 per share) for the year under review.

Bilt Q4 net jumps 15%

Bilt, the country's largest paper producing company, has registered a 14.8 per cent increase in net profit at Rs 74.51 crore for the quarter ended March 2008, on better realisation from pulp sales and inclusion of revenues from its Sabah acquisition. Sales for the quarter stood at Rs 735 crore, up 21.48 per cent.

While realisation from pulp sales from the company's Kamlapuram plant went up by over 33 per cent in the quarter, realisation from paper dipped marginally on account of a drop in coated paper prices.

"Coated paper prices were brought down in August last year owing to cheaper import from China. However, we are in a position to hike coated paper prices. The announcement may come in a couple of days," said R R Vederah, managing director.