Results | Deccan Chronicle net up threefold at Rs77.7 cr

Results | Deccan Chronicle net up threefold at Rs77.7 cr

New Delhi: Riding on the back of lower operating costs as well as rationalization of newsprint prices during the quarter, Hyderabad based Deccan Chronicle Holdings Ltd has reported a threefold increase in its net profit for the quarter ended 31 December at Rs77.67 crore from Rs25.67 crore a year ago.

Net sales rose 8.71% to Rs233.37 crore, compared with Rs214.70 crore in the year-ago period. Operating profits stood at Rs112.67 crore, up by 174.14% from Rs41.10 crore in the same quarter last year.

—Ishita Russell

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PVR’s profit surges 64% to Rs7.37 cr

New Delhi: Buoyed by successful movie releases during the quarter, movie cinema chain PVR Ltd announced a 64% rise in its net profit for the quarter ended 31 December at Rs7.37 crore, up from Rs4.5 crore in the year-ago period.

The increase in average ticket price from Rs145 in the previous quarter to Rs159 helped the company record a 27% increase in its net revenues to stand at Rs114.28 crore as compared to Rs89.65 crore in the same quarter last fiscal.

—Ishita Russell

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Omaxe profit jumps 383% to Rs28.46 cr

New Delhi: Delhi-based real estate developer Omaxe Ltd on Friday reported a 383% increase in its net profit for the third quarter ended December at Rs28.46 crore, compared with Rs5.88 crore during the year-ago quarter. The company’s revenue during the period increased 55% to Rs280.20 crore, compared to Rs180.42 crore during the same quarter last fiscal.

—Shabana Hussain

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Reliance Power’s profit rises 26.5% to Rs133.7 cr

Mumbai: Reliance Power Ltd on Friday reported profit of Rs133.65 crore and total income of Rs179.16 crore for the quarter ended December 2009.

The earnings were derived entirely from so-called ‘other income’ as the company has not yet commissioned its first power plant in Dadri.

‘Other income’ refers to income from sources that are not part of a firm’s core business. The profit was a 26.47% increase from Rs105.68 crore in the corresponding period last fiscal.

Total income grew 36.4% from Rs131.31 crore in 2008, driven by other incomes such as interest received on investments and deposits.

Meanwhile, Reliance Natural Resources Ltd announced a nearly flat profit of Rs25 crore on revenues of Rs82.29 crore, again buoyed by ‘other income’.

—Bhuma Shrivastava

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Aditya Birla Nuvo posts profit of Rs8.2 cr

Mumbai: Aditya Birla Nuvo Ltd, the holding company of the financial services, fertilizers, garments, telecom and business process outsourcing operations of the Aditya Birla Group on Friday reported a profit of Rs8.2 crore in the quarter ending December 2009.

It had a loss of Rs156.4 crore in the corresponding period last fiscal.

—Joel Rebello

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