Tanla, KCIL, Bosch & Madhucon Q4 results

CORPORATE SCORECARD

Revenues for the quarter stood at Rs 147.21 crore (Rs 85.33 crore), an increase of 72.51 per cent.

"Improved margins and revenues were largely on the back of the network aggregation business by our subsidiary Tanla Mobile, which captured a 4.5 per cent market share in the UK as against 2.5 per cent in the corresponding quarter last year, and reduction in cost of sales by 2.37 per cent," Rohit, head (corporate affairs), Tanla Solutions, said.

 

For the full year, the company recorded a net profit of Rs 163.10 crore (Rs 92.79 crore), up 75.77 per cent, while its revenues stood at Rs 477.17 crore (Rs 229.21 crore), a growth of 108.18 per cent with 78 per cent of its revenues coming from Ireland, Singapore and Dubai through Tanla Mobile.

Kanoria Chemicals Q4 net down 44.4%

Kanoria Chemicals & Industries (KCIL), leading manufacturer of chemical intermediates, has posted a net profit of Rs 3 crore for the fourth quarter ended March 2008, down 44.4 per cent, on account of depreciation costs. Net sales for the quarter also dipped marginally to Rs 112.1 crore (Rs 111.4 crore).

Initial difficulties in interlinking activities during the commissioning of its 110 tonnes per day caustic soda facility at Renukoot in Uttar Pradesh has affected the margins for the last quarter, said N K Nolkha, chief financial officer, KCIL.

For the full year, net profit was up 56 per cent at Rs 31 crore, while net sales stood at Rs 432 crore (Rs 430 crore).

Bosch Q1 net dips 12%

Bosch (formerly Motor Industries Co), the flagship of the Bosch Group in India and supplier of technology and services in the areas of automotive and industrial technology, reported 12 per cent drop in its net profit at Rs 161.72 crore for the first quarter ended March 2008.

Net sales went up by 12.27 per cent to Rs 1,201.5 crore for the quarter. The drop in net profit has largely been attributed to a slowdown in the automobile sector.

Profit before tax was also down by 9.8 per cent at Rs 231.5 crore in the first quarter. Earnings per share has also come down. For the quarter, it stood at Rs 50.5 per share (Rs 57.3).

The company termed the results below expectations, but hopes that The Union Budget announcements with relief for certain sectors such as auto industry, automotive market will result in better sales for the company in the coming quarters.

Madhucon net jumps 58%

Hyderabad-based infrastructure company Madhucon Projects has posted a net profit increase of 58 per cent at Rs 18.26 crore for the quarter ended March 2008, as against Rs 11.55 crore posted in the comparable previous quarter. Net sales grew by 28 per cent at Rs 234 crore (Rs 183 crore).