JK lakshmi Cement Apr-Jun net down 69%
JK lakshmi Cement on Friday clocked 68.77 per cent decline in the first quarter net profit at Rs 15.70 crore, on lower sales and realisation. The company had logged net profit of Rs 50.28 crore in the April-June period of last fiscal, 2012-13. “Fall in profitability and sales is attributed to decline in production by 14 per cent and lower sales realisation by 5 per cent consequent to slow down being experienced by cement industry,” the company’s Whole-Time Director Shailendra Chouksey said.
Nestle Q2 net rises 10 per cent to Rs 271 crore
FMCG major Nestle India on Friday reported a 10.33 per cent increase in net profit to Rs 271.38 crore for the second quarter ended June 30 due to robust sales growth across various business verticals. The company had posted a net profit of Rs 245.97 crore during the same period of the previous year.
SRF Q1 profit after tax doubles to Rs 44 cr
Technical textile maker SRF ltd on Friday said its profit after tax (PAT) doubled to Rs 44 crore in the first quarter ended June 30, 2013. The company had reported Rs 22 crore PAT in April-June quarter of the previous fiscal, SRF said in a statement.
JSW Energy profit soars to Rs 214 crore
Private power utility JSW Energy on Friday posted a higher net profit of Rs 214.26 crore in the three months ended June 2013, primarily driven by higher income. The Sajjan Jindal-led company had a net profit of Rs 3.41 crore in the year-ago period.
Bank of India profit up 8.6% at Rs 964 crore
Bank of India on Friday reported 8.6 per cent rise in its net profit at Rs 964.18 crore for the first quarter ended June 30, 2013. Its net profit in the corresponding (April-June) quarter of previous fiscal 2012-13 was at Rs 887.45 crore.