Top Five Profit Making Companies In June 2012 Quarter

In our previous slide-show we had provided information about companies that have posted profits in the June 2012 quarter after registering losses in the June 2011 quarter. Then, we had only considered those companies with net profits of more than Rs 25 crore for the June 2012 quarter. This time we are considering those companies that have posted profits of less than Rs 25 crore but more than Rs 15 crore for that quarter.

Prime Property Development Corporation

The realty markets have been struggling since the past few quarters and Prime Property Development Corporation is no exception. The company has hardly witnessed any sale in the past few quarters. But for June 2012 it has posted a strong financial performance with topline of Rs 103.50 crore and bottomline of Rs 17.21 crore. However, the quarterly results hardly matter for the realty companies. As regards its projects, the company currently has the Prime Pune Mall at Chinchwad and the Prime Business Park at Vile-Parle, Mumbai.

Shree Rama Multi Tech

Shree Rama Multi Tech manufactures packaging products like multi-layer tubes, seamless tubes, tube laminate labels and flexible laminates for various FMCG players. The company posted a good financial performance in the June 2012 quarter with topline of Rs 18.64 crore and bottomline of Rs 22.11 crore. The bottomline was mainly contributed by the extraordinary income of Rs 24.39 crore or else the company would have posted loss.

PNB Gilts Ltd.

The Reserve Bank of India in 1996 had introduced a system of primary dealers with a view to strengthen the institutional infrastructure of the government securities’ market. Six entities were granted licenses of which PNB Gilts was one and was established as a wholly-owned subsidiary of Punjab National Bank. Currently the bank owns a majority of 74.07 per cent of the total shareholding of the company. In the latest June quarter of 2012, the company posted topline growth of 253 per cent to Rs 62.84 crore. It posted net profit of Rs 17.16 crore against a loss of Rs 4.52 crore in a similar period last year. On an YTD basis the stock has appreciated approximately by 6 per cent and the dividend yield of the stock is around 4 per cent.

Mastek

Mastek is an IT enterprise solution provider to segments like insurance, government and financial services organisations. Incorporated in 1982, it was the first company to create software products in India. While in the quarter ending June 2011 the company posted loss of Rs 5.22 crore, it turned this around with a profit of Rs 19.40 crore in June 2012. This significant improvement in margins has been a result of an improvement in employee expenses when compared to net sales, which have come down to 52.36 per cent from 79.50 per cent.

EID Parry (India)

EID Parry, a Murugappa Group company, is into the business of manufacturing sugar. This is a cyclical business and hence the results are always analysed on a YoY basis. For the June 2012 quarter, on a standalone basis the company posted good financial performance with the turnover sharply rising to Rs 576.46 crore from Rs 397.13 crore in June 2012. For June 2012 It has reported a net profit Rs 22.47 crore against a loss of Rs 7.18 crore for the same period in the previous year. This robust increase in the recovery percentage combined with higher crushing as well as higher cogeneration and distillery operations contributed to the overall high performance.