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This is an archive article published on April 23, 2008

Ultratech Cement Q4 profit zooms 22%

Leading cement manufacturer Ultratech Cement on Tuesday announced net profit of Rs 282.88 crore...

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Leading cement manufacturer Ultratech Cement on Tuesday announced net profit of Rs 282.88 crore for the fourth quarter ended March 31, a 22.17 per cent increase over the corresponding period a year ago. The stand-alone total income has increased to Rs 1,628.69 crore for the quarter ended March 31, from Rs 1,484.82 crore in the year-ago period.

GVK Power annual net at Rs 137.47 cr

Mumbai: GVK Power & Infrastructure on Tuesday announced a consolidated net profit of Rs 135.47 crore for the year ended March 31, 2008, more than two-fold rise as compared to the year-ago period. GVK Power posted a net profit of Rs 90.85 crore for the year ended March 31, 2008, more than six-fold increase as compared to the corresponding period a year ago.

Biocon consolidated profit rises 7.5%

New Delhi: Biotech company Biocon reported a 7.57 per cent increase in consolidated net profit at Rs 65.30 crore for the fourth quarter. The company has decided to split up its Cardio-Diabetes division by launching a stand alone Cardiology division. Biocon also said it is close to acquiring a 70 per cent stake in German pharma company AxiCorp GmbH for a consideration of Rs 189 crore.

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