Financial Daily from THE HINDU group of publications
Friday, July 26, 2002
Markets (July 25)
BL 2501093.63 (-1.55)
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CORPORATE RESULTS

CEMENT


Grasim Q1 net up at Rs 105.5 cr
GRASIM Industries Ltd has reported a three per cent increase in its net profit at Rs 105.47 crore for the first quarter of 2002-2003 against Rs 102.24 crore in the year-ago period. Net sales stood at Rs 1,135.51 crore against Rs 1,117.16 crore ... More

Ambuja (Eastern) Q1 net up at Rs 12.8 cr
AMBUJA Cement Eastern Ltd has reported a net profit of Rs 12.84 crore for the first quarter ended June 30, 2002. This is 360 per cent higher than the net profit of Rs 2.79 crore reported during the corresponding quarter of the previous ... More

CHEMICALS


`Positive business trend' drives Colour-Chem net
COLOUR-Chem Ltd has reported a 33.97 per cent increase in net profit for the first quarter ended June 30, 2002 at Rs 6.27 crore as against Rs 4.68 crore in the corresponding period the previous year. Cost-cutting measures undertaken by the ... More

PHARMACEUTICALS


Cadila net up 2.9 pc
CADILA Healthcare Ltd has posted a net profit of Rs 19.30 crore in the quarter ended June 30, 2002, as against Rs 18.75 crore posted in the same period in the previous year, a marginal rise of 2.9 per cent. According to the company, net sales ... More

TEXTILES


Himatsingka net down at Rs 8.5 cr in first quarter
HIMATSINGKA Seide Ltd has posted lower net profit and lower revenues in the first quarter of this year as compared to the corresponding period the previous year. "Global market conditions'' have continued to affect its performance, the company ... More

HCV/LCV/TRACTORS


Tata Engg in top gear — Product mix, cost cutting pay dividends in Q1
TATA Engineering has continued to remain in the profitability mode for the second quarter in a row, reporting a net profit of Rs 28.03 crore for the first quarter of 2002-2003. It made a net loss of Rs 98.9 crore in the year-ago period. "This ... More

Tata Engg: Cementing the turnaround
THE performance of Tata Engineering in the first quarter of this fiscal further cements the turnaround that began in the fourth quarter of 2001-02. The company has posted net earnings of Rs 28.03 crore in the April-June 2002 period compared to ... More

HARDWARE


Moser Baer net up 22 pc in Q1
OPTICAL media maker Moser Baer India Ltd (MBIL) has announced a 22 per cent jump in its net profit for the quarter ended June 30 this year at Rs 55.28 crore as against Rs 45.38 crore in the corresponding period last year. Revenues in the first ... More

SOFTWARE


Satyam Q1 net declines — Uncertainty seen in major markets
SATYAM Computer Services Ltd has recorded total income of Rs 471.48 crore and a net profit of Rs 108.45 crore for the first quarter ended June 30, 2002. This reflects an increase of 11.98 per cent in income and a decrease of 10.72 per cent in net ... More

Hexaware Q2 profit at Rs 55.98 lakh
HEXAWARE Technologies has turned around from a loss of Rs 2.83 crore during the first quarter ending March 31, 2002, to report a profit of Rs 55.98 lakh during the second quarter. It was, however, less than the net profit of Rs 2.19 crore the ... More

Pentasoft Q1 net profit down 63 pc
PENTASOFT Technologies has recorded a 63 per cent drop in net profit to Rs 12.02 crore on sales of Rs 119.19 crore for the first quarter ended June 2002 as compared to a net profit of Rs 32.69 crore on sales of Rs 155.45 crore for the same ... More

HOUSING FINANCE


HDFC net rises 20 pc on higher income
HDFC Ltd. has reported a 20 per cent increase in net profit at Rs 137.3 crore for the first quarter ended June 30, 2002 against Rs 114.06 crore during the corresponding quarter of the previous financial year. Income from operations rose 11 per ... More

PUBLIC SECTOR BANKS


IOB net rises 21.51% at Rs 72.96 crore
INDIAN Overseas Bank (IOB) has recorded a net profit of Rs 72.96 crore for the quarter ended June 2002, a 21.51 per cent increase over the Rs 60.04 crore net during the corresponding period in the previous year. Announcing the unaudited first ... More

SBM net up at Rs 23 cr in Q1
STATE Bank of Mysore (SBM) registered a net profit of Rs 23.42 crore for the first quarter ended June 2002, a 21 per cent growth (Rs 4.07 crore) over the corresponding previous period. Operating profits for the quarter rose to Rs 51.72 crore ... More

BEARINGS, CASTINGS & FORGINGS


Higher sales help SKF Bearings to improve profit
SKF Bearings India Ltd today announced an increase in net profit by 11.5 per cent at Rs 4.27 crore for the quarter ended June 30, 2002, up from Rs 3.83 crore in the corresponding period last year. The company has attributed the rise to ... More
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