Country Club (India) Ltd (CCIL), India’s largest leisure infrastructure company, has posted a spectacular financial performance for the third quarter of the current financial year ended December 31, 2007, with a 121 per cent rise in sales and 76 per cent growth in net profit.

CCIL’s sales for the quarter ended December 31, 2007, rose by a whopping 121 per cent to Rs 103.67 crores compared with Rs 46.80 crores for the corresponding quarter ended December 31, 2006. After taking into account total expenditure of Rs 61.61 crores (Rs 28.32 crores), financial charges of Rs 4.60 crores (Rs 90.25 lakhs), depreciation of Rs 1.98 crores (Rs 1.06 crores) and taxation of Rs 12.31 crores (Rs 3.37 crores), CCIL’s net profit has zoomed by 76 per cent to Rs 23.12 crores (Rs 13.11 crores).

On a paid-up equity share capital of Rs 9.17 crore (Rs 8.73 crore), CCIL’s earnings per share for the quarter under review work out to Rs 25.21 (Rs 15.02).

For the nine months ended December 31, 2007, CCIL’s sales rose by 125 per cent to Rs 227.38 crores compared with Rs 100.76 crores for the corresponding nine months ended December 31, 2006. The net profit too rose smartly by 123 per cent to Rs 51.40 crores (Rs 23.01 crores). The EPS for the nine months under review stood at Rs 56.04 (Rs 26.36). During the year ended March 31, 2007, CCIL recorded sales of Rs 153.86 crores and net profit of Rs 35.13 crores.

Sourced From: Affinity Interactions Pvt Ltd

Tags: calls, daytrading, free calls, intraday, tips

Similar Posts:

• MIRC’s Q1 Net Profit spurts 11%
• Sanghvi Movers Q3FY08 net profit up 111% at Rs 17.76cr
• BOC’s net profit after tax for 9mths stood at Rs 61.66cr
• IndusInd Bank’s net profit of Rs 25.04cr for Q3FY08
• MRT’s 2007-08 net profit up by 81.39%