Crisil, Pennar Industries, J Kumar posts gain in Q3 FY19

Largest domestic rating agency Crisil has reported a 19 per cent jump in consolidated net profit at Rs 113.8 crore in the December quarter on an 11.5 per cent rise in consolidated income at Rs 496.5 crore. During the quarter, the company received export benefits amounting to Rs 24.9 crore in the form of duty-free saleable scrips under the service export incentive scheme which has been recorded under other income, the company said Tuesday. For the full to December 2018, net income rose 19.3 per cent to Rs 363.1 crore. The board has recommended a final dividend of Rs 11 a share.

J Kumar Infraprojects net up 34%: Engineering firm J Kumar Infraprojects has reported a 34 per cent increase in net profit for the December quarter at Rs 44.17 crore on a 38 per cent rise in revenue from operations at Rs 686 crore. During the quarter it has won a contract worth of Rs 1,802 crore and has an order book of Rs 10,465 crore.

Prestige Group net dips 32%: Bengaluru-based realty firm Prestige Group has reported a 32 per cent decline in consolidated net profit for the December quarter at Rs 67.4 crore mainly on the back of reduction in revenue. Its total income stood at Rs 1,103.1 crore, down 14.5 per cent. Its total collections for the quarter stood at Rs 1,169.2 crore during the quarter.

Mumbai airport completes 5 yrs ops, on-time performance up 12%: The Mumbai airport has claimed enhancing its on-time performance by 12 per cent in the last seven months. In a statement on the occasion of completion of five years of operating the iconic Terminal 2 (T2) Tuesday, the airport operator also said the new terminal has accounted for 25 per cent growth in air traffic movement since 2014 and has reduced runway occupancy time from 65 seconds five years ago to 47-49 seconds at present. The collaborative efforts have resulted in improvement in the airport OTP, with the average OTP of the last seven months have shown an increase of 12 per cent, it said.

Pennar Industries net up 3.4%: Pennar Industries has reported a marginal 3.39 per cent increase in net profit for the December quarter at Rs 13.7 crore despite a massive 38 per cent increased in total income at Rs 575.23 crore. During the quarter, the company bagged orders worth Rs 498 crore across business verticals such as building products, tubes, solar, railways, industrial components and pre-engineered buildings.

(With inputs from agencies.)