Satyam reports 25% growth in net profit, Dabur too up by 24%

The revenue for the current year is expected to be in the Rs 6,434-6,442 crore range, while the corresponding annual growth rate is expected to be 34.3 – 34.4 per cent. Operating margins of Satyam improved 205 basis points sequentially on the back of operational efficiencies and increasing offshore.

According to B Ramalinga Raju, founder and chairman, Satyam, “the company has achieved 7.7 per cent sequential revenue growth in Q3 in dollar terms. This translates into a 3.7 per cent growth in rupee terms under consolidated Indian GAAP. The growth differential is in view of the 3.7 per cent rupee appreciation against the US dollar in Q3.”

He also said the revenue growth was accentuated by a 11 per cent offshore volume increase. A significant positive development in Q3 performance is the expansion in EBITDA (earnings before interest, taxes, depreciation and amortisation) margins by over 200 basis points on account of enhanced efficiencies and reduction of delivery cost.

Consequently, EPS at Rs. 5.14 was higher than the guided figure of Rs 5.11, he said.

Meanwhile, homegrown FMCG major Dabur India today reported a 24 per cent increase in its net profit during third quarter ended December 31 at Rs 71.73 crore as against Rs 57.97 crore in the same quarter a year ago. The company’s total turnover in the quarter stood at 508.7 crore compared to Rs 404.84 crore in the corresponding quarter of previous fiscal, up 25.7 per cent.

“The key drivers of growth were international business, foods, oral care, health supplements and home care, all of which recorded strong double digit growth. The company is also moving forward on its plan to expand its existing product categories and new geographies,” Dabur India CEO Sunil Duggal said in a statement.

The company’s consolidated net profit in the quarter rose 22.08 per cent at Rs 79.27 crore while consolidated turnover in the quarter stood at Rs 617.59 crore, up 14.92 per cent. For the nine month period ended December 31, Dabur India’s net profit surged 34.22 per cent to Rs 186.38 crore and revenues increased by 28.57 per cent to Rs 1,333.26 crore, the statement said. Dabur Foods Ltd, a wholly-owned subsidiary of Dabur India, posted a 22.1 per cent increase in sales during the third quarter of this fiscal at Rs 49.20 crore from Rs 40.28 crore in the same quarter of previous fiscal.

I-Flex Solutionsup by 57%

Financial software provider I-Flex Solutions today reported a 57 per cent rise in net profit to Rs 91.05 crore for the quarter ended December 31, 2006, compared to Rs 57.95 crore in the year-ago period. Revenues grew 33 per cent to Rs 395.56 crore as against Rs 297.47 crore in the quarter ended Decmber 31, 2005, I Flex informed the Bombay Stock Exchange.

Dena Bank net dips at Rs 70 cr

Dena Bank on Friday posted 15.20 per cent decline in net profit at Rs 70.53 crore for the quarter ended December 31, as compared to Rs 83.18 crore for the same quarter last year. — PTI