Nirma had posted a standalone net profit of Rs25.99 crore during the quarter ended 31 March 2010
Diversified business firm Nirma has reported a standalone net loss of Rs23.74 crore for the quarter ended 31 March 2011.
The company had posted a standalone net profit of Rs25.99 crore during the quarter ended 31 March 2010, Nirma said in a filing to the Bombay Stock Exchange.
During the quarter, the firm's standalone net sales stood at Rs840.91 crore, a 9% increase from Rs773.09 crore in the year-ago period.
For the full year 2010-11, on a standalone basis, Nirma posted a net profit of Rs74.04 crore, a 69% decline from Rs237.94 crore in the previous fiscal.
During the fiscal, the company saw standalone net sales of Rs3,245.65 crore, an increase of 4% from Rs3,117.95 crore in the year-ago period.
For the year ended 31 March 2011, Nirma's consolidated net profit declined by 61.9% to Rs94.92 crore from Rs249.33 crore in the previous fiscal.
During the period, the company witnessed net sales of Rs4,751.31 crore, a 2.83% increase from Rs4,620.38 crore in the corresponding quarter of the previous fiscal.
Aegis is pursuing growth opportunities both in logistics and gas business
Aegis Group reported net profit of Rs16.86 crore for the fourth quarter ended 31 March 2011, an increase of 48% on QoQ basis largely driven by good performance of gas business.
During Q4 FY11, the revenues of gas business increased to Rs668.57 crore from Rs57.77 crore due to increase in volumes. Profitability of gas business increased to Rs15.70 crore (Rs7.17 crore), an increase of over 100%. The company has proposed a hike in the final dividend of 20%, aggregating to total dividend of 40% for the year, i.e. pre-bonus 66.66% (previous year 57.50%).
Aegis is pursuing growth opportunities both in logistics and gas business through a number of port terminal infrastructure projects around the coast line of India.
On Tuesday, Aegis ended 1.01% up at Rs230.65 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.49% to 18,503.28.
DLF plans to launch 12 million sq ft of area this fiscal
Realty firm DLF has launched 1,300 plots at Indore, expecting a sales realisation of about Rs300 crore from the project.
The company is developing an integrated township, Garden City, spread over 192 acres. In the first phase, it had launched 500 plots and 117 houses, generating Rs180 crore.
"We consider Indore as an important market for us and we are happy to launch the second phase of Garden City, which is part of integrated township," the DLF managing director, TC Goyal, said in a statement.
In the second phase, the company has launched 1,300 plots. It would build two schools, a hospital, three convenience shopping centres and a mall in the township.
Sources said DLF is expecting a sales realisation of about Rs300 crore from the second phase of the project.
DLF had recently announced that the company would focus more on plotted development during this fiscal as it generates faster cash-flow compared to group housing.
The company plans to launch 12 million sq ft of area this fiscal, out of which 10 million sq ft will be plotted development, while the rest will be group housing projects.
Giving details about the Indore project, the company said it has all approvals and compliances in place. The development work has already started in the second phase II and the target date of completion is May 2012.
The company is offering plots in various sizes of 4,000 sq ft, 2,400 sq ft, 2,100 sq ft, 1,800 sq ft, 1,550 sq ft and 1,264 sq ft. The statement did not mention about the price of the plots.
On Tuesday, DLF ended 3.27% up at Rs238.55 on the Bombay Stock Exchange, while the benchmark Sensex gained 1.49% to 18,503.28.