Jet Airways swings back to profit, net at Rs.85 crore

Godrej Consumer posts 3% net rise at Rs.172 cr

Godrej Consumer Products (GCPL), makers of Cinthol soaps, reported an increase of 3.07 % in consolidated net profit at R172.2 crore for the third quarter ended December, compared with R167.07 crore during the same period previous fiscal.

Net sales rose to R1,691.31 crore in Q3 FY13, against R1,344.06 crore during the corresponding quarter in FY 1012.

Mahindra Holidays net increases 14%

Mahindra Holidays & Resorts India (MHRIL) has reported a growth of 14% in its net profit to R30.07 crore against R26.45 crore for the same period last year. Total income of the company stood at R179.02 crore for December quarter, against R158.88 crore for the same period last year, a growth of 13%.

Arun Nanda, chairman, MHRIL, said, "Our strong performance has continued to give us the confidence in making very large investments in inventory addition. The strategy of combining inventory acquisition with building inventory is one we have successfully leveraged. "

Adani Enterprises net up on strength in ports, coal

Adani Enterprise reported a 2% rise in quarterly profit on a consolidated basis, topping analysts' estimates, as strength in its port and coal trading segments offset weakness at its power business.

It reported a profit of R416.11 crore, up from R407.28 crore in the year-ago quarter. Total income from operations rose 51% to R13,649.20 crore. Analysts polled by Bloomberg were expecting a net profit of R333.7 crore. However, AEL, which has missed market expectations for net profit in five of the last eight quarters, has been hit by weakness in its power business, which faces rising fuel costs. The power business posted a loss of R133.32 crore, before interest and tax.

India's power producers are facing higher costs of imported coal because of changes in laws and regulations in exporting countries such as Indonesia and South Africa. Australia also recently introduced a 30% carbon tax for coal, pushing up prices.

... contd.

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