Jagran Prakashan - Reaching To Masses

Jagran Prakashan Q1 Net Up 51.62%

Driven by significant advertising revenue growth, Jagran Prakashan Limited (JPL), publishers of Hindi daily 'Dainik Jagran', on Friday reported a 51.62 per cent increase in its net profit for the quarter ended June 30.

The company said its net profit for the period under review stood at Rs 34.71 crore against Rs 22.89 crore in the corresponding period last year.

The media house's total revenues for the said quarter stood at Rs 192.27 crore, an increase of 34.69 per cent compared to Rs 142.75 crore in the last fiscal.

"We dedicated our efforts towards strengthening Dainik Jagran and various other initiatives. We are pretty positive about future of the media industry in general and business in particular," JPL Managing Director and Chairman Mahendra Mohan Gupta said.

The steady growth in the revenue has been driven by the significant growth in advertisement revenue, which grew by 42 per cent, at Rs 126.74 crore from Rs 89.22 crore, it said, adding revenue from businesses other than publication was Rs 11.49 crore.

Jindal Stainless - Robust Performance

Jindal Stainless June Qtr. Net Jumps 63%

Jindal Stainless Ltd., India's largest stainless steel maker, on Monday reported a 63 percent rise in net profit for the quarter ended June on higher sales and cost-cutting measures, a senior official said.

It reported a net profit of 826 million rupees on net sales of 11.97 billion rupees for April-June.

A key factor has been the company's ability to produce cost-effective products and its flexibility to meet market requirements, Ratan Jindal, vice-chairman and managing director, said.

"During the quarter, we experienced diversified demand for stainless steel from both new and existing customers across key verticals and geographic markets," Jindal said.

Greenply - Green Is The Colour Of Money

Greenply Industries Q1 Net Profit Up 101%

Strong sales growth across its product categories of plywood, laminate and decorative veneer helped India’s largest interior infrastructure manufacturer Greenply Industries Limited (GIL) report a revenue of Rs 116 crore for the quarter ended June 30, 2007, representing a growth of 37% over the corresponding period last year. The company had posted a revenue of Rs 84.60 crore for the quarter ended June 30, 2006.

Against a net profit of Rs 4.51 crore for the quarter ended June 30, 2006, the company has posted a net profit of Rs 9.07 crore during Q1 2007-08; a growth of 101%.

According to GIL Joint Managing Director Saurabh Mittal, a combination of higher capacity utilisations, rupee appreciation resulting into reduced raw material cost, benefits of excise reduction, improved product mix and visibility and buoyancy in the market had led to the improved margins.

“Greenply”, he added, “has a range of products that has given us the status of a one-stop manufacturer of all products related interior infrastructure from plywood & boards, flush doors, decorative veneers, decorative laminates to pre lam MDF and particleboard.”

GIL accounts for 25 per cent of organized plywood and 15 per cent of organized laminate market.

Greenply Industries has recently begun commercial production at its Behror plant in Rajasthan after completing its expansion project. The capacity of the Behror plant is now at 53.40 lakh sheets from the earlier 39.60 lakh sheets, making Greenly India’s largest laminate producer. The plant was originally scheduled to commence commercial production in August.

Greenply had put in an investment of Rs 40 crore to set up of a fourth production line at Behror. The expansion was undertaken to meet the growing demand for decorative laminates in India and abroad.

Yes Bank - Net Soars 114%

Yes Bank Q1 Earnings Jump 2.13 Times

Yes Bank registered a substantial 2.13 times growth in earnings for the quarter ended June 2007, helped by strong revenue growth. During the quarter, the company witnessed a rise in profit to Rs 360 million from Rs 168.8 million in the same quarter, last year.

Interest earned for the quarter climbed 2.95 times to Rs 2,725.3 million, while the total income for the quarter rose 2.69 times to Rs 3,484.9 million, when compared with the corresponding quarter, a year ago.

The earnings per share for the quarter climbed 2.05 times to Rs 1.29 compared with the same quarter, a year ago.

During the quarter, the bank raised upper tier II debt of Rs 20 million to augment long term capital resources and to enhance the capital adequacy ratio (CAR) for successfully implementing its growth plans.

Yes Bank is a private-sector bank, engaged in the business of providing corporate & institutional banking, business & retail banking and private wealth management services.

Asahi India - Class Apart In Glass

Asahi India Net Jumps 4.16 Times For Jun`07 Qtr

Asahi India Glass reported a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the net profit of the company went up 4.16 times to Rs 207.20 million from Rs 49.83 million in the same quarter, last year.

Net sales for the quarter ended June 2007 rose 30.21% to Rs 2,250 million from Rs 1,727.94 milion during the corresponding quarter, a year ago. Total income climbed 56.92% to Rs 2,724.9 million for the quarter ended June 2007 from Rs 1,736.47 million in the same quarter, a year ago.

Operating margins decreased to 0.96% during the quarter, a fall of 684.60 basis points compared with the corresponding quarter, a year ago. Net margins, on the other hand, rose to 7.60% during the quarter from 2.87% in the same period, last year. Excluding extraordinary income (expense), the net margin is estimated to be at 9.35% for the quarter.

The company`s earnings per share on a trailing twelve month basis is Rs 3.62.

Hitachi Home - Cool Quarter

Hitachi Home & Life Solutions India Ltd Q1 Profit Rises To Rs.17.37 Crores

Hitachi Home & Life Solutions India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax of Rs.173.75 million for the quarter ended June 30, 2007 where as the same was at Rs.88.72 million for the quarter ended June 30, 2006. Total Income is Rs.1530.13 million for the quarter ended June 30, 2007 where as the same was at Rs.1173.16 million for the quarter ended June 30, 2006.

The company has reported an Earnings Per Share (EPS) of Rs.7.57 for the quarter ended June 30, 2007 compared to Rs.3.86 during quarter ended June 30, 2006.

The Company has revised estimated useful life of its certain asset as a result of this change additional depreciation aggregating of Rs 9.759 million (June 2006 quarter : Nil) is charged to the Profit and Loss account.