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Jaiprakash Associates Limited : Jaiprakash Associates Limited ( JAL ), the flagship of Jaypee Group is the leading infrastructure conglomerate having business interest in cement and cement production, engineering & construction, power, hospitality and real estate recorded remarkable performance with total income of Rs 3921.87 crore for the nine months of current fiscal; an increase of 33.93% as compared to Rs 2928.36 crore in the corresponding previous period. EBIDTA for 9MFY09 improved to Rs 1176.22 crore; an increase of 27.57% as compared to Rs 922.01 crore in the corresponding previous period. Net profit for the 9MFY09 was at Rs 495.90 crore as against Rs 399.26 crore in 9MFY08. The earnings per share (EPS) for 9MFY09 stood at Rs 4.22 per share.
JAL's all operating subsidiaries with its robust performance has made JAL a unique organization, whereby bucking the general trend total income for the Q3FY09 registered a growth of 44.49% and stood at Rs 1447.12 crore. EBIDTA for Q3FY09 was at Rs 372.69 crore. The share of revenue from Cement Division (including cement products) during the quarter constituted 40% of the revenue while Engineering Division (including Real Estate & others) during the quarter constituted 57% of the revenue.
JAL registered net profit of Rs 165.51 crore for the quarter ended December 31, 2008 registering growth of 6% over the corresponding quarter of the previous year. The Operating Margins for Q3FY09 stood at 22.19%.
Commenting on the Company's performance for 9M & Q3 FY09, Mr. Manoj Gaur, Executive Chairman, Jaiprakash Associates Ltd., said, "Even in a challenging macro environment, we are delighted to report an operationally strong financial growth in the third quarter and for the nine months ended December 31, 2008. Emphasis on effective execution and timely delivery of projects without compromising on quality has helped us achieve excellence across all business segments in which JAL operates."
"Jaypee Group's Real Estate foray is unique in the country as the same is an integral part of a large infrastructure project and is invariably located along the express way connecting Noida to Agra thereby providing competitive edge with respect to the cost as well as the valuation which go hand in hand with the prospects of any real estate project. As for the third quarter & nine months of current fiscal, the Real Estate Division contributed 62% out of the total revenues. In fact our recently launched property – Wish town Klassic, received an overwhelming response from customers in the first month of launch itself. The fact that out of total bookings done by all real estate developers combined together in last month were less then the bookings received by Wish town Klassic reiterates the faith and confidence that customers have shown in the execution capabilities of Jaypee Greens," Mr. Gaur further added.
PAT for 9MFY09 at Rs 495.90 crore, up 24%; EBIDTA at Rs 1176.20 crore, up 27.57%
PAT for Q3FY09 at Rs 165.51 crore, up by 6%; EBIDTA at Rs 372.69 crore, up 14.82%
9MFY09 Results (all comparisons with 9MFY08)
* Total Income at Rs 3921.87 crore, up by 33.93 % from Rs 2928.36 crore
* EBIDTA at Rs 1176.20 crore, up by 27.57% from Rs 922.01 crore
* PAT at Rs 495.90 crore, up by 24 % from Rs 399.26 crore
* PBT at Rs 684.42 crore, up by 27.23% from Rs 537.95 crore
* EPS (Basic) at Rs 4.22
* Operating profit margin of 27.56%
* PAT margin of 14%
* Cement dispatches in 9MFY09 was at 54.57 lakh MT up 13% v/s 48.50 lakh MT in 9MFY08
Q3FY09 Results (all comparisons with Q3FY08)
* Total income at Rs 1447.12 crore, up by 44.49% from Rs 1001.57 crore
* EBIDTA at Rs 372.69 crore, up by 14.82% from Rs 324.60 crore
* PAT at Rs 165.51 crore, up by 6 % from Rs 155.80 crore
* PBT at Rs 208.91 crore, up 7.29% from Rs 194.71 crore
* EPS (Basic) at Rs 1.41
* Operating profit margin of 22.19%
* PAT margin of 13%
* Cement dispatches in Q3FY09 was at 19.19 lakh MT up 15% v/s 16.71 lakh MT in Q3FY08
Segmental Division Results Highlights – 9MFY09
* Turnover from Cement Division (including cement products) at Rs 1680.94 crore v/s Rs 1473.87 crore registering growth of 14%
* Turnover from Engineering Division (including Real Estate & others) at Rs 2102.30 crore v/s Rs 1320.03 crore registering phenomenal growth of 59%
Segmental Division Results Highlights – Q3FY09
* Turnover from Cement Division (including cement products) at Rs 577.30 crore v/s Rs 500.39 crore registering growth of 15%
* Turnover from Engineering Division (including Real Estate & others) at Rs 818.10 crore v/s Rs 440.32 crore registering a phenomenal growth of 86%
SASKEN COMMUNICATION : Sasken Communication a telecom solutions providing company registered a rise of 3.72 times in the consolidated net profit in the quarter ended December 2008. During the quarter, the company had reported a profit of Rs 144 million or 14.3 crores. On a sequential basis, the company disclosed a rise of 38% over the previous quarter.The company's revenues were up by 5% at Rs 185 crore versus Rs 176.3 crores. Its EBIDTA was up by 2% at Rs 42 crore versus Rs 41 crore.Consolidated total revenues for the quarter rose 31% to Rs 1851 million compared with the prior year period. Meanwhile on a sequential basis, the revenues recorded a mere rise of 5% over the previous quarter.
Its forex loss was of Rs 13.8 crore versus Rs 13.5 crore in Q2. Its EPS was at Rs 5.24; 9 month EPS was st Rs 13.66.
Its OPM was at 16.4% versus 13%.
The company reported a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 4.02 times to Rs 79.01 million from Rs 19.64 million in the same quarter last year.
Net sales for the quarter rose 34.98% to Rs 1,257.62 million, while total income for the quarter rose 32.00% to Rs 1,266.18 million, when compared with the prior year period.
The company posted earnings of Rs 2.88 a share during the quarter, registering 4.17 times growth over prior year period.
Rajiv C Mody, Chairman and CEO, Sasken Communication, sees EBITDA margins of services in FY09 at 19-21%. “The services business would continue to grow at 25-29% in dollar terms.”
He expects prices to improve 3-5% going forward. “Most of the price hikes for this year have already been factored in.”
According to Mody, the networks business is challenging while handset growth has been good. “Moderate growth is seen in the semi-conductor segment.”
GUJ NRE COKE : Kolkata based coke gaint reported a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 73.46% to Rs 132.60 million from Rs 499.70 million in the same quarter last year.
Net sales for the quarter jumped 78.88% to Rs 4,343.30 million, while total income for the quarter jumped 73.94% to Rs 4,393.20 million, when compared with the prior year period.
The company reported earnings of Rs 0.28 a share during the quarter, registering 82.39% decline over prior year period.
Bank of Rajasthan : Private lender, Bank of Rajasthan (BoR) announced a rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the bank rose 16.75% to Rs 492.13 million from Rs 421.54 million in the same quarter last year.
Interest earned for the quarter rose 42.01% to Rs 3,726.27 million, while total income for the quarter rose 35.74% to Rs 4,198.82 million, when compared with the prior year period.
During the quarter, the bank reported earnings of Rs 3.05 a share, a decline of 2.87% over the prior year period.
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