Business Daily from THE HINDU group of publications
Wednesday, Jan 30, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Jan 30, 2008 ePaper | Mobile/PDA Version |
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Corporate Results
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Fertilisers Web Extras - Outlook Gujarat Narmada Q3 net jumps 140% Our Bureau Gandhinagar, Jan. 29 Gujarat Narmada Valley Fertilizers Company Ltd (GNFC) on Tuesday reported a jump of about 140 per cent in its net profit at Rs 123.76 crore (Rs 52.19 crore) in the third quarter of 2007-08 ended December 31, 2007, the highest-ever in the company’s history. For the nine months, the net profit stood at Rs 320.13 crore (Rs 173.19 crore), the company said here. Announcing the results, Dr Manjula Subramaniam, Chief Secretary and Chairperson, said the net sales in the nine months were at Rs 2,546.48 crore (Rs 1,642.12 crore), 55 per cent higher. The company’s profit before tax was 87 per cent higher at Rs 486.39 crore (Rs 260.21 crore), while the earning per share (EPS) was at Rs 20.60 as against Rs 11.82.
Mr Balwant Singh, Managing Director, said that in the quarter under review, the company achieved sales at Rs 831.65 crore, 59 per cent higher over the corresponding previous year’s quarter at Rs 523.08 crore. The PBT was 136 per cent higher at Rs 186.85 crore as against Rs 79.28 crore of the corresponding quarter and EPS was at Rs 7.96 as against Rs 3.56 of corresponding quarter last fiscal. The figures for the current three/nine months’ period ended December 31, 2007, include that of Narmada Chematur Petrochemicals Ltd (NCPL), a subsidiary, which was amalgamated with the company with effect from February 2007. More Stories on : Fertilisers | Outlook
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