For the six months (H1) ended September 30, 2011 Anil’s PAT stood at Rs 23.14-crore, a 29% increase over the first half of previous fiscal. Net sales too were higher by 27% at Rs 285.67 crore in current fiscal’s first half as against Rs 223.87 crore in previous year’s H1.

Commenting on the financial performance of the company, Mr. Amol S. Sheth, hairman and Managing Director of Anil Ltd, said, “The investments that we have made in R&D to constantly develop new products for our end-user industries, combined with our customer-focused approach have resulted in growth in revenues and profits. The investments in de-bottlenecking our plants to increase the capacities and towards efficiencies improvements have also yielded results. To continue to develop new products and applications, increase capacities and improve our efficiencies further, we are in the process of making more investments.”

ABOUT ANIL LTD:

The Rs 500 crore plus Anil Limited, the flagship company of the Anil Group, is a leading player in the corn wet milling, agro & food processing, and bio-industrial sectors. The company manufactures products which cater to over 30 different segments like food, beverage, pharmaceuticals, paper, textiles, animal healthcare, personal care, chemicals & intermediates, and confectioneries, to name just a few. Anil Limited’s core strengths are R&D, Technology and Products application.

Anil Ltd. has recently got permission from the Government of India to set up the first Mega Food Part in the state of Gujarat. As a majority stakeholder in this venture, Anil Ltd. is proposing to invest in excess of Rs 200 crore in this Mega Food Park which is to be set up at Savli, Vadodara.

Anil Ltd. is part of the Anil Group which has a diversified portfolio of businesses like Biotechnology, Feed Ingredients & Supplements, Hospitality, Processed Food & Dairy products, Infrastructure, Garments, Agro-Commodities, Knowledge Systems and Engineering.

For further information, please contact:

Narayan Bhatt / Maulik Buch
Adfactors PR,
99799 15777 / 99783 38999
narayan.bhatt@adfactorspr.com / maulik.buch@adfactorspr.com

Mindteck’s consolidated revenues stood at Rs. 52.50 crore for the quarter, as against Rs. 63.79 crore during the corresponding quarter for the previous year ended, June 30^th 2010.

The company registered operating profit of Rs 3.65 lakh as compared to Rs 3.05 crore in the corresponding period last year. Commenting on the financial performance of the first quarter, Mr. Pankaj Agarwal, CEO and Managing Director said, “Although our revenue has dipped in the first quarter, we are confident of achieving our goals in forthcoming quarters as we have acquired several new clients in Europe and US and our current order book position is strong.”

In the backdrop of an atmosphere of concern with threats of double dip recessions in US looming large, Mindteck is positive of avoiding any negative fallout on its revenues going forward. The organization is focusing strongly on verticals such as BFSI, Energy and Life Sciences to hedge the risks emerging from business in Government sector in US. Also, the company has been acquiring considerable business in Europe and APAC to broaden its client base and build a stronger brand in new geographies.

About Mindteck (India) Limited

Mindteck is a product engineering and information technology solutions company with global presence, offering end-to-end services to a breadth of clientele from the global 2000 companies. Mindteck’s focus on industry domains such as Life Sciences, Smart Energy, Financials Services, Public Sector and Semiconductors have led to the development of dedicated, innovation led, technology specific Centers of Excellence in these areas. It has offices and development centers in India, USA, UK, Germany, Netherlands, Singapore, Malaysia, and Bahrain. Mindteck (India) Limited is listed on the Bombay Stock Exchange (BSE 517344). www.mindteck.com 

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

]]> http://www.indiaprline.com/2011/08/12/mindteck-q1-fy-2011-12-results/feed/ 0 http://www.indiaprline.com/2010/12/19/uti-dividend-yield-fund-declares-tax-free-dividend-of-7/ http://www.indiaprline.com/2010/12/19/uti-dividend-yield-fund-declares-tax-free-dividend-of-7/#comments Sun, 19 Dec 2010 09:10:44 +0000 admin http://www.indiaprline.com/?p=29686

Sharjil Shaikh

Adfactors PR Pvt Ltd
Cell: 09867631055
Tel: +91 22 2281 3565
Email: sharjil.shaikh@adfactorspr.com

Kotak Life Insurance announced a profit of Rs. 18.52 crores in the period Oct-Dec 2009 (unaudited).

Mumbai, Maharashtra, India, March 25, 2010 / IndiaPRLine / — Mumbai: Kotak Mahindra Old Mutual Life Insurance Limited (Kotak Life Insurance) announced a profit of Rs. 18.52 crores in the period Oct-Dec 2009 (unaudited).

The company recorded growth of 39 per cent in Total Received Premium Income to Rs. 711.62 crore during the period Oct-Dec 2009 from Rs. 511.64 crores in the corresponding period previous year.

The Individual New Business Premium has grown from Rs. 247.5 crores in the period Oct-Dec 2008 to Rs. 299.3 crores in the period Oct-Dec 2009, a growth of 22 per cent. Renewal income witnessed a 59 per cent jump and grew to Rs. 372 crores in the Oct-Dec 09 period from Rs. 233.2 crores in the corresponding period last year.

Year to Date

The company recorded a profit of Rs. 33.9 crores in the period Apr-Dec 2009 as compared to a loss of Rs. 25.3 crores for the corresponding period in the previous year. The company has been able to improve its profit performance substantially and make profit due to lower New Business strain and cost reduction on the back of calibrated expansion. For the year 2008-09, the company posted its first ever profit of Rs 14.5 Cr. The gross premium has increased by 20% to 1730.9 crore in the period Apr-Dec 09 from 1437.3 crore in the corresponding period the previous year.

Commenting on the performance, Gaurang Shah, Managing Director, Kotak Life Insurance, said, “That we have achieved this in a challenging economic environment, attests the soundness of business decisions we have taken over time, which among others include introduction of innovative products and servicing structures, rationalization of costs and delivery mechanisms, a strong technology backbone, improving process efficiencies and creating a strong customer focused culture. This has been a year of consolidation over the performance in the last fiscal, where we were among the select few Life Insurers in the country to declare a profit”

Key Highlights:

• Profit of Rs. 18.5 crores in Q3 FY -09; YTD profit Rs. 33.9 crores
• Total Premium jumps by 39% from Q3 FY -09 to 711.6 crore
• Increased branch network to 214 branches across 152 cities in India in Dec 2009
• Total AUM crossed Rs. 5924 crores in Dec 2009 from Rs. 3374 crores in Dec 2008. (AUM has crossed the Rs. 6000 crores mark in Jan 2010) ·
• No infusion of fresh capital since Aug’08. Capital Base stands at Rs. 562 crores ·
• Solvency ratio is at a healthy 3.05, as against the statutory requirement of 1.50
• Number of policyholders crossed 1 million and total life covered 2.4 Million

Editor Notes

About Kotak Mahindra Old Mutual Life Insurance

Kotak Mahindra Old Mutual Life Insurance is a 74:26 joint venture between Kotak Mahindra Bank Ltd., its affiliates and Old Mutual plc. A company that combines its international strengths and local advantages to offer its customers a wide range of innovative life insurance products, helping them takes important financial decisions at every stage in life and stay financially independent. The company is one of the fastest growing insurance companies in India and has shown remarkable growth since its inception in 2000. Kotak Life Insurance employs around 6, 213people in its various businesses and has 214 branches across 152 cities.

The Kotak Mahindra Group

The Kotak Mahindra group is one of India’s leading banking and financial services organizations, with offerings across personal financial services; commercial banking; corporate and investment banking and markets; stock broking; asset management and life insurance. The Kotak Group has a net worth of Rs. 7,509 cr and has a distribution network through branches, franchisees, representative offices and satellite offices across cities and towns in India and offices in London, New York, San Francisco, Singapore, Dubai and Mauritius, servicing around 6.7 million customer accounts.

Old Mutual plc

Old Mutual plc is an international savings and wealth management company based in the UK. Originating in South Africa in 1845, Old Mutual is a Global 500 and FTSE 100 company, listed in UK, South Africa and other 3 African exchanges. The group has a balanced portfolio of businesses offering Asset Management, Life Assurance, Banking and General Insurance Services in over 40 countries, with a focus on South Africa, Europe and the United States, and a growing presence in Asia Pacific.

• Numbers as on 31st December 2009

Gross Sales increased by 8% to Rs. 1,040 Crores and Net Sales increased by 13 % to Rs. 936 Crores due to better realisations . Cement volumes grew moderately by 2% over last year

New Delhi, Delhi, February 24, 2010 / IndiaPRLine / — Highlights

a) Gross Sales increased by 8% to Rs. 1,040 Crores and Net Sales increased by 13 % to Rs. 936 Crores due to better realisations . Cement volumes grew moderately by 2% over last year

b) EBITDA for year 2009 grew by 41 % to Rs. 205 Crores

c) Profit before tax increased to Rs. 175 Crores reflecting an increase of 49% over last year

d) Net profit after tax for the year 2009 stood at Rs. 134 Crores against Rs. 132 Crores for year 2008

e) Post tax EPS stood at Rs. 5.85

after considering full year results of Raigad operations ( erstwhile Indorama Cement Ltd. ) for year 2008

The company had absorbed all accumulated business losses and unabsorbed depreciation during 2009. As a result, the company has provided for a higher tax expense in the year 2009.

It is pertinent to note that the company has paid income tax for the first time after a gap of nearly 15 years.

These results were primarily driven by growth in volumes in home markets, better realizations and cost control initiatives undertaken by the company .

With the total outstanding debt of Rs. 2 Crores, the net cash of the company stood at Rs. 493 Crores as on 31st December 2009 .

Capacity Expansion

The Company’s present installed capacity is 3.07 MTPA. Given the expected upturn in the years to follow , the Company has embarked upon a coordinated expansion project at its Damoh & Jhansi units:-

(i) Expansion of clinker manufacturing capacity from 1.2 MTPA to 3.1 MTPA at Narsingarh, District Damoh, Madhya Pradesh.

(ii) Expansion of cement grinding capacity from 1 MTPA to 2 MTPA at Imlai, District Damoh, Madhya Pradesh.

(iii) Expansion of cement grinding capacity from 0.8 MTPA to 2.7 MTPA at Jhansi, Uttar Pradesh.

The Company has already received requisite approvals, subject to fulfillment of certain conditions, from the Government Authorities for the aforesaid expansion projects. The work on the aforesaid expansion projects has already begun and it is expected that the commercial production would commence in the first quarter of the year 2012. After completion of the aforesaid expansion, the total cement production capacity of the Company would double to 6 MTPA.

Kingston Technology Revenues Steady in 2009 at $4.1 Billion
Company Achieves Second-Highest Sales Year Ever Despite Economy

Mumbai, Maharashtra, February 10, 2010 / IndiaPRLine / — Kingston Technology Corporation, the independent world leader in memory products, today announced that its global revenues in 2009 reached $4.1 billion (U.S.), a $100 million increase over 2008. Kingston’s modest increase was attributed to a rise in average selling price, healthier demand from corporate end customers and consumers, and the company’s entry into the solid-state drive (SSD) market. The rise in revenue marks a change from the previous year when an oversupply in chips and a weakened global economy led to a downturn in the memory industry.

“The memory market saw some financial recovery last year like many other industries and Kingston was able to benefit from the general rise in DRAM and Flash pricing,” said John Tu, co-founder, Kingston. “We also expanded our product line when we entered the SSD market at the beginning of 2009 and within 12 months, have gained a strong foothold in this burgeoning area.”

“A year ago at this time, we were bracing for a bad year. Our company was lucky to catch some good breaks along the way that worked in our favor,” said David Sun, co-founder, Kingston. “Together, with the support of employees, partners, vendors and customers, we were able to get through some tough times and see better days ahead. We are very happy to be where we are.”

The 2009 revenue figure marks Kingston’s second-highest grossing year since beginning operations in October 1987. Kingston’s highest-grossing year was in 2007, with revenues of $4.5 billion. Kingston first reached the $1 billion mark in global sales in 1995, surpassing it with $2 billion in 2004 and $3 billion in 2005.

For detailed information please visit the Kingston Web site at www.kingston.com/india.

To discuss this product on Kingston Blog, please go to www.kingston-blog.com. To try the game “Challenge Your Memory”, please go to

www.kingston-blog.com/challenge_your_memory/en/. To get the freshest information on Kingston, please go to http://twitter.com/KingstonFEPR.

To find out if your Kingston product is genuine, Kingston also provides an online verification site: www.kingston.com/asia/verify. To try the game “Search for Genuine Kingston”, please go to http://anti-counterfeit.kingston-blog.com. For the interesting animation: The Adventures of Rex, please visit: www.theadventuresofrex.com.

Availability

DRAM:

Neoteric Informatique Limited, HCL Infosystems Limited, Compuage Infocom Limited,

Transtek Infoways Private Limited, Shree Pati Computers Private Limited,

Flash:

HCL Infosystems Limited, Compuage Infocom Limited, Transtek Infoways Private Limited, Shree Pati Computers Private Limited, Sunrise Infosolutions Private Limited

Editor Notes

About Kingston Technology Company, Inc.

Kingston Technology Company, Inc. is the world’s largest independent manufacturer of memory products. Kingston designs, manufactures and distributes memory products for desktops, laptops, servers, printers, and Flash memory products for PDAs, mobile phones, digital cameras, and MP3 players. Through its global network of subsidiaries and affiliates, Kingston has manufacturing facilities in California, Taiwan, China, Malaysia and sales representatives in the United States, Taiwan, China, India, Australia, New Zealand, Vietnam, Europe, Russia, Turkey, and Latin America. For more information, please visit www.kingston.com/india.

Kingston and the Kingston logo are registered trademarks of Kingston Technology Corporation. All rights reserved. All other marks may be the property of their respective titleholders.

Profit after tax for the year amounted to Rs. 36.16 crores as compared to Rs. 27.78 crores for the previous year, an increase of 30%.

Ahmedabad, Gujarat, January 19, 2010 / IndiaPRLine / — The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of  HDFC Ltd. – has approved the accounts for the quarter ended December 31, 2009 at their meeting held in Mumbai on January 14, 2010.

FINANCIAL RESULTS

Profit after tax for the year amounted to Rs. 36.16 crores as compared to Rs. 27.78 crores for the previous year, an increase of 30%.

LENDING OPERATIONS

Loan Disbursements

Loan disbursements during the year were Rs. 492.37 crores as against Rs. 497.52 crores in the previous year. The disbursements during the third quarter at Rs. 207.64 crore have grown by 21% over the second quarter of the year. As a result, the loan portfolio as at December 31, 2009 amounted to Rs. 2288.80 crores as against Rs. 2016.41 crores in the previous year – an increase of 14%.

Non-Performing Loans

The gross NPA as at December 31, 2009 stands at Rs 42.16 crores or 1.84% (total loan outstanding portfolio of Rs. 2288.80 crores) as against NPA for the previous year at Rs. 25.02 crores or 1.24% of the outstanding loans.

GRUH is required to carry a provision of Rs. 7.19 crores in the Balance Sheet as at December 31, 2009 as per the guideline of  NHB including the provision on standard assets in the non housing category. However, GRUH now carries a cumulative provision of Rs. 42.20 crore as at December 31, 2009 including the provision of Rs. 20.28 crore made from the current year’s profits. As a result Net NPAs stood at Rs. NIL crores which is 0.00% of outstanding loans of Rs. 2288.80 crores.

DEPOSITS

GRUHs deposits portfolio stands at Rs. 270.65 crores, as at December 31, 2009. GRUH’s Fixed Deposit programme has been rated “FAA+” by CRISIL and “MAA+” by ICRA. The rating of “FAA+” and “MAA+” indicates ‘High Safety” as regards repayment of interest and principal. GRUH’s Commercial Paper (CP) of Rs. 500 crore is rated at “P1(+)” by CRISIL. GRUH has unutilised limit of Rs. 255 crore under its Non Convertible Debenture (NCD) programme of Rs. 600 crore. The NCD’s are rated “AA+” by ICRA.

CAPITAL ADEQUACY RATIO

The Capital Adequacy Ratio (CAR) as at December 31, 2009 is 17.03% as against the minimum requirement of 12%. Tier I CAR stood at 15.49% while Tier II CAR was 1.54%.

RETAIL NETWORK

GRUH has a network of retail offices to 91 across 7 states of the country. GRUH has 31 offices in Gujarat, 27 offices in Maharashtra, 10 offices in Karnataka, 12 offices in Madhya Pradesh, 6 offices in Rajasthan, 4 offices in Chhatisgarh and one in Tamil Nadu.

Notes to Editor

GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. has a network of retail offices to 91 across 7 states of the country. GRUH has 31 offices in Gujarat, 27 offices in Maharashtra, 10 offices in Karnataka, 12 offices in Madhya Pradesh, 6 offices in Rajasthan, 4 offices in Chhatisgarh and one in Tamil Nadu.