Era Infra net profit declines to Rs51.34 crore for Q2 FY12

For the half year ended September 30, 2011, Era Infra’s revenue from contracts increased to 3.32% to Rs1,584.78 crore

For the quarter ended September 30, 2011, Era Infra Engineering’s net profit stood at Rs51.34 crore against Rs61.79 crore in the same period of last year.
During the same period, the company recorded revenues from contract of Rs772.03 crore, an increase of 0.42% from Rs768.82 crore. EBIDTA stood at Rs206.91 crore, an increase of 12.12% compared to Rs184.54 in Q2FY11.

For the half year ended September 30, 2011, the company’s revenue from contracts was at Rs1,584.78 crore, up 3.32%, from Rs1,533.86 during the corresponding period last year. The EBIDTA for the half year stood at Rs393.99 crore, registering an increase of 8.64% from Rs362.65 crore. The company reported a net profit of Rs102.77 crore against Rs120.85 crore in the same period of last year.

In the late afternoon, Era Infra was trading at around Rs150.35 per share on the Bombay Stock Exchange, 0.86% down from the previous close.

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Gitanjali Gems reports net sales of Rs3,167.6 crore

During the September 2011 quarter, Gitanjali Gems registered net profit of Rs132.2 crore

Gitanjali Gems Ltd reported net sales of Rs3167.6 crore for the quarter ended September 30, 2011, compared to Rs2509.7 crore in corresponding quarter of last fiscal year, registered a growth of 26.2%.

During the September 2011 quarter, the group registered net profit of Rs132.2 crore compared to Rs80 crore posted in the same quarter of last fiscal year. Earnings per share stood at Rs15.5 per share compared to Rs9.5 per share in the corresponding quarter of last fiscal year.

The EBITDA margin for the quarter was at 7% against 6.4% in the corresponding quarter of last fiscal year, registered a growth of 37.8%.

In the late afternoon, Gitanjali Gems was trading at around Rs349.95 per share on the Bombay Stock Exchange, 0.14% down from the previous close.

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Lanco Infratech registers net loss of Rs259 crore in Q2FY12

Lanco Infratech consolidated net operating income declined 7% to Rs1,896.60 crore in September 2011 quarter

Lanco Infratech reported net loss of Rs259.48 crore in the second quarter ended 30 September 2011 against net profit of Rs70.46 crore in the corresponding quarter last year. The company’s consolidated net operating income declined 7% to Rs1,896.60 crore in September 2011 quarter, while its gross sales zoomed 28% to Rs3,270.72 crore primarily on account of impressive sales. At the operating level, Lanco earned operating profit margin of 23.8%, up by 330 bps on fall in power costs. Thus the operating profit grew by 8% to Rs450.90 crore.
In the September quarter, the company synchronised unit-II (1x600MW) of Anrapa ‘C’ in Uttar Pradesh.

In the late afternoon, Lanco Infratech was trading at around Rs12.90 per share on the Bombay Stock Exchange, 12.54% down from the previous close.

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