Pharmaceutical company Dr Reddy’s Laboratories Ltd said its first quarter net profit fell to Rs209.6 crore compared with Rs244.5 crore for the quarter ended 30 June 2009.
During the period its total revenues has decreased to Rs1,701.8 crore from Rs1,822.4 crore, same quarter a year ago.
United Breweries Ltd (UBL) reported a 114% higher first quarter net profit on 92% rise in operating profits and robust volume growth.
During the quarter to end-June, the company said its net profit rose 114% to Rs76.1 crore. UBL said its volumes have grown 32% powered by a 36% growth in strong beer. It said benefitting from favourable weather, all regions except the North recorded growth rates of 25% and above.
On Thursday, UBL shares jumped 20% to Rs282 on the Bombay Stock Exchange, while the Sensex closed 0.8% up at 18,113 points.
Cement producer Birla Corporation Ltd said its first quarter net profit fell 23.9% to Rs Rs118.3 crore against Rs115.3 crore recorded in same quarter a year ago, despite a 20.5% increase in total revenues.
In a regulatory filing the company said during the quarter its profitability was impacted by lower cement realisation, more use of outsourced clinker, higher transportation charges, power and fuel costs, and increase in cost of packing materials and also reduction in other income by Rs22.2 crore, compared to the corresponding quarter.
During the quarter to end-June, Birla Corp’s total revenues, including sales, increased 20.5% to Rs652 crore from Rs541.2 crore a year ago.
On Thursday, Birla Corporation shares ended 0.5% down to Rs358 on the Bombay Stock Exchange, while the Sensex closed 0.8% up at 18,113 points.