Kohinoor Foods Q2 profit jumps sharply to Rs212 crore

Kohinoor Foods has made a profit of Rs336.6 crore by transferring part of its business during the September 2011 quarter.

Rice exporter Kohinoor Foods (KFL) has reported a sharp jump in its net profit at Rs212.33 crore for the quarter ended 30 September 2011, on account of sale of part of its business.

The company's net profit stood at a mere Rs2.69 crore in the corresponding period last year, KFL said in a filing to the BSE. KFL has made a profit of Rs336.6 crore by transferring part of its business during the quarter. It has also invested Rs42.21 crore to acquire 15% shareholding in its joint venture company Kohinoor Speciality Foods Ltd, it said. The total sales rose to Rs278.38 crore during the concerned quarter from Rs251.99 crore in the same period last year, it added.

In the early afternoon, Kohinoor Foods was trading at around Rs39.50 per share on the Bombay Stock Exchange, 1.5% down from the previous close.

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Yamaha to ramp up production capacity by 4 lakh units

“We target to increase the capacity to 10 lakh units per annum from 6 lakh units at present," India Yamaha Motor national business head Roy Kurian said

Two-wheeler maker India Yamaha Motor said it will expand its production capacity by 4 lakh units next year with an investment of about Rs50 crore.
"We are targeting to increase our production and sales as we are witnessing very good demand for our products. We target to increase the capacity to 10 lakh units per annum from 6 lakh units at present," India Yamaha Motor national business head Roy Kurian said. The company will enhance the capacity of its Surajpur plant in Uttar Pradesh. Asked about the investment for this, Kurian said: "It will take about $10 million. We will only set up a separate line at the plant." India Yamaha Motor has another plant in Faridabad, where it manufacturers engines.

"We are targeting to sell 10 lakh vehicles in the domestic market by 2014. This year we are expecting to sell 3.3 lakh units in the domestic market," Kurian said. He said the company is aiming to sell 4.5 lakh units in 2012 and 7 lakh units in 2013. "On the export front, we are hoping to sell 1.7 lakh units in this year. It will grow in the next few years," Kurian said, adding the company is expecting to sell a total of 10 lakh two-wheelers in 2013.

Last year the company had sold a total of 3.8 lakh units, which included exports.
The company currently has a total sales point of about 1,200 outlets. "We are increasing our reach gradually. Next year, we will be adding 400-500 sales points," he said. The company is aiming to have 2,000-2,500 sales points across the country by 2014, he added.

India Yamaha Motor had reported 26.82% increase in its total sales in October 2011 at 47,240 units. During the month, the company's domestic sales stood at 38,229 units, up 20.25%. Exports rose by 65.04% to 9,011 units in last month.

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Fortis to launch hospitals in Hyderabad, Agra

Fortis will have a total of 68 hospitals in its network across India

Fortis Healthcare India said it will set up two new hospitals in Hyderabad and Agra as part of an ongoing expansion programme. “These two new projects are in line with our commitment to increasing the network and making quality healthcare accessible across the country,” Fortis Healthcare India chief executive officer Aditya Vij said. The company, however, did not share the planned investment on the two new hospitals.

The super-speciality hospital in Hyderabad with a 150 bed capacity will be functional in FY2013 and is the second project from the company in the city. The hospital in Agra will initially be a 75-beded cardiac care centre, which will expand into a multi-speciality facility and become operational by end of FY 2012.

Once the two new facilities go on stream, Fortis will have a total of 68 hospitals in its network across India. Fortis Healthcare plans to raise its operational bed capacity to 4,500 by end of March, 2012 from 4,000 now as new hospitals open up. Fortis commissioned its first hospital in 2001 at Mohali and has expanded its operations to become a pan-India network with 4,000 operational beds.

In the early afternoon, Fortis Healthcare India was trading at around Rs116 per share on the Bombay Stock Exchange, 0.64% down from the previous close.

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