Shri Lakshmi Cotsyn Q1 net profit Rs23.2 crore vs Rs20 crore

Textile firm Shri Lakshmi Cotsyn Ltd (SLCL) today said its second quarter net profit rose 16% to Rs23.2 crore from Rs20 crore, same period last year.

During the quarter to end-September, its total revenues increased 16.9% to Rs418.6 crore from Rs358.7 crore last year.

"During the three months period we have sold out our value-added bed sheet products. The product has been well received by the market and we now have a backlog of orders," SLCL's chairman and managing director MP Agarwal said.

On Friday, SLCL shares ended 2.9% down at Rs151 on the BSE, while the benchmark Sensex closed 0.5% up at 20,032 points.
 

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Motherson Sumi Systems Q2 net profit jumps nearly six folds to Rs86 crore

Auto component maker Motherson Sumi Systems Ltd (MSSL) reported a nearly six fold increase in its net profit at Rs86 crore from Rs15 crore a year ago on robust domestic sales.

During the second quarter to end-September, its total revenues rose 19.4% to Rs1,957.6 crore from Rs1,639.1 crore, same period last year.

Vivek Chaand Sehgal, chairman, MSSL, said, "In continuation to the robust growth, this quarter has seen positive trends in the automotive industry with the Indian passenger vehicle market production registering 31%."

"On account of excellent performance of our customers we too have been able to outperform the market with a domestic sales growth of 60%," he added.

On Friday, Motherson Sumi Systems shares declined 1.9% to Rs183 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.5% up at 20,032 points.
 

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NHPC Q2 net profit up 12% to Rs690.2 crore

State-run hydro power generator NHPC Ltd reported an 11.9% increase in its net profit at Rs690.2 crore for the second quarter ended September 2010.

The power major had reported a net profit of Rs616.6 crore in the July-September quarter last fiscal, NHPC said in a filing to the Bombay Stock Exchange (BSE).

Net sales of the company also increased to Rs1,240.4 crore in the September quarter from Rs1,195.4 crore in the same period previous year.

On Friday, NHPC shares ended 0.3% down at Rs31 on the BSE, while the benchmark Sensex closed 0.5% up at 20,032 points.

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