Nagarjuna Fertilizers' net declines in Q1

Nagarjuna Fertilizers and Chemicals has reported lower income from operations of Rs. 215.55 crores and a fall in net profit to Rs. 11.14 crores for the first quarter ended June 30, as against Rs. 228.82 crores and Rs. 23.98 crores respectively in the corresponding period of the previous year. Other income was Rs. 4.55 crores (Rs. 4.34 crores).

According to a company press release, production for the quarter was 2.67 lakh tonnes (2.86 lakh tonnes). Plant turnaround was undertaken for 27 days in the first plant and 18 days in the second plant in May. This has resulted in lower production of urea in this quarter, it said.

Pending recommendations of Dr. Y. K. Alagh committee which went into capacity utilisation of urea plants, Government of India notified revised price for both the plants of the company effective April 1, 2000.

The company has reckoned the subsidy income based on revised notified price, it said.

Vashisti Detergents

Vashisti Detergents (VDL) has reported a net profit of Rs. 1.60 crores for the quarter ended June 2000 against Rs. 1.32 crores, an increase of 21 per cent over the corresponding period in the previous year.

Gross sales were higher at Rs. 72.92 crores against Rs. 53.77 crores. The gross profit was Rs. 2.78 crores against Rs. 2.31 crores.

BFL Software

Despite rise in earnings, BFL Software's net profit had slid by 43.5 per cent during the first quarter at Rs. 2.37 crores against Rs. 4.20 crores. The operating profit was lower at Rs. 6.05 crores against Rs. 6.29 crores. The turnover was higher at Rs. 40.61 crores against Rs. 29.42 crores, a rise of 48 per cent.

Software development expenses went up to Rs. 28 crores from Rs. 19.6 crores. Administrative and other expenses too were higher at Rs. 6.6 crores against Rs. 3.49 crores.

Send this article to Friends by E-Mail

Section  : Business
Previous : Binary Semantics to tap market in Sept.