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        SPEL Semiconductor Limited reported a 46 per cent in its net profit as compared to the profit of previous year after removing the extraneous income. The company's sales was Rs 54 crore while the revenue grew by 16 per cent. SPEL introduced two new package line that are currently seeing an increased momentum and it commissioned the state-of-the-art LMP package in the financial year 2006-07, as part of its growth plan.This has considerably increased its attractivenes. Apart from these, SPEL has also invested $5.5 million on expanding its existing package lines.

        Cholamandalam DBS has posted a growth of 85 per cent in its topline to Rs 409.14 crore for the financial year 2006-07. The total disbursement recorded was up by 96 per cent. The growth in income and disbursement is a result of its aggressive growth in vehicle finance and corporate finance business. Atul Pande, managing director, Cholamandalam DBS said, 'this quarter and this year's results continue to demonstrate our changing business model in our NBFC business. We have wider product platform, and our revenue across all products have demonstrated growth potential.

        Fidelity Fund Management Private Ltd has announced its second dividend of Rs 2.50 per unit (face value of Rs 10 per unit) in its open-ended diversified equity fund, the Fidelity Equity Fund   subject to availability of distributable surplus. All investors registered in the dividend option as on 30 April, 2007 will be entitled to this dividend which will be tax-free in the hands of the investors. On the ex-dividend date, the NAV of the dividend option will reduce in line with the amount of dividend declared. Under the dividend reinvestment option, the dividend declared will be reinvested at the ex-dividend NAV.

        Chennai-based WS Industries (India) Ltd has registered a sales of Rs 49 crore, up by 16 per cent in comparison with the corresponding quarter last fiscal. However, net profit rose to 116 per cent at Rs 2.24 crore. EBITDA increased to 12.15 per cent compared to 10.2 per cent last year. The profitability growth has been achieved by a continued attention on higher price realisation, more optimal product mix and improving internal efficiency. The company's order book is healthy with the current order book standing at Rs 16.66 crore.