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Prakash Industries reports income up by 40% to Rs 329.

Prakash Industries reports income up by 40% to Rs 329.76cr
2007-10-27 19:08:30
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Prakash Industries Ltd, a diversified business house with interests in mining , steel and power today announced its financial results for second quarter ended September 30, 2007.

Second Quarter Financial Performance Overview FY 2007-08:
During the quarter the company showed impressive results. The total income from operations has increased by 40.16%, to Rs 329.76crores as against Rs Rs235.27 crores reported in the corresponding period last year. EBIDTA increased by 41.79% and stood at Rs 67.59 crs in the second quarter of the current year as against Rs 47.67crs in the corresponding period last year. PAT is up by 74% at Rs 54.63 crs as against Rs31.34 crs in the corresponding period in the previous year. Earning per share (EPS) up by 74.23% at Rs 5.00 in the second quarter as compared to Rs 2.87

Great Offshore's PAT up by 28% to Rs 4961 lacs in
In line with the growth in the E&P sector, the Company has achieved a growth of 20% in income from Operations to Rs.15233 lacs in Q2 FY 2007-08 from Rs.12705 lacs in Q2 in FY 2006-07. Correspondingly, the PAT has gone up by 28% to Rs.4961 lacs in Q2 FY 2007-08 from Rs.3879 lacs in Q2 FY 2006-07.The Company has 40 vessels as on September 30, 2007 as against 36 vessels as on September 30, 2006.

Garware Offshore registers 427% growth in net profit
Highlights:
· Total Income for the quarter ended September 2007, stood at Rs. 44.07 crores
· Profit After Tax for the quarter ended September 2007, at Rs. 23.53 crores
· EPS for the quarter ending September 2007 increased by 398%
· Starts work in the spot market and was awarded contract on short term basis at a charter rate which is approx. 50% higher.

Granules India Q1FY08 Net Sales up 10% at Rs 50cr
Granules India Ltd., one of the world’s largest Pharmaceutical Formulation Intermediate (PFI) manufacturers, witnessed a rise in its net sales by 10 per cent to Rs. 50.03 crores for the Q1FY08 ended 30th September 2007 as compared to the corresponding period last year which was at Rs.45.38 crores. During the quarter, the company has improved its margins. PBT (Profit before tax) margins in absolute terms increased to Rs 2.76 crores compared to Rs 2.5 crores in the corresponding period of last year.

During the Q1FY08 ended 30th September 2007, the company has made a net profit of Rs. 2.02 crores as against Rs. 2.04 crores in the corresponding quarter of last year. The marginal decline is because of rupee appreciation and change in tax laws for EOU units.

IHCL Q2 revenues up by 14% PAT up by 16%
IHCL reported a turnover of Rs 366.61 crores for quarter-ended Setember 30,2007, which was higher than the turnover of the corresponding quarter of the preceding year by 14%. The turnover for the half year ended September 30,2007 at Rs 731.01 crores grew by 18% over the turnover reported for the corresponding period of the preceding year.

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