Financial Daily from THE HINDU group of publications
Wednesday, July 31, 2002
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Financial Daily from THE HINDU group of publications Wednesday, July 31, 2002 |
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CORPORATE RESULTS FINANCIAL SERVICES Reliance Cap net drops 15% RELIANCE Capital Ltd has posted a 15 per cent drop in net profit at Rs 21.19 crore for the first quarter ended June 30, 2002 against Rs 24.32 crore in the corresponding period last year. Income from operations has fallen to Rs 94.98 crore (Rs ... More CEMENT Excess capacity, supply overhang — India Cements posts Rs 53.9-cr loss in Q1 INDIA Cements Ltd has posted a loss of Rs 53.94 crore on sales of Rs 297.94 crore for the three months ended June 30, 2002, against a profit of Rs 11.61 crore on sales of Rs 357.67 crore in the same period last year. The company attributed the ... More CHEMICALS Nocil Q1 loss doubles; sales down 49.7 pc NATIONAL Organic Chemical Industries Ltd (Nocil) has seen losses increase more than a 100 per cent to Rs 27.35 crore (Rs 13.08 crore) in the first quarter ended June 30, 2002. Net sales fell 49.7 per cent to Rs 113.53 crore (Rs 225.99 crore). ... More
Hind Lever Chem net unchanged at Rs 4.3 cr
BASF profit marginally up
Phillips Carbon net, turnover down FERTILISERS IFFCO net at Rs 308 cr; to pay 20 per cent INDIAN Farmers Fertiliser Co-operative Ltd (IFFCO) has decided to pay an enhanced dividend of 20 per cent for the year 2001-02, up by eight per cent over the previous year. The higher rate of dividend , despite its sales turnover showing a ... More FOOD & DAIRY PRODUCTS Nestle net up 30.4 pc in Q1 NESTLE India has declared a 30.4 per cent higher net profit for the April-June quarter this year as compared to that in the same quarter last year. The net profit for the quarter at Rs 58.4 crore was achieved on net sales of Rs 5,11.5 crore, an ... More PHARMACEUTICALS Power brands, exports drive Wockhardt in Q2 — Net rises 36% to Rs 30.8 cr "The focus on power brands for the domestic market has resulted in 32 per cent growth in those brands and our international business continues to grow at a healthy 43 per cent in the first-half of 2002." More SHIPPING SCI hits a storm in first quarter — Suffers Rs 5.9-cr loss IT'S no good news for those bidding for the 51 per cent Government stake in Shipping Corporation of India (SCI). The biggest shipping company in the country has reported a net loss of Rs 5.93 crore in the first quarter ended June 30, 2002 as ... More
GE Shipping net drops 53%
Essar Shipping on rough seas with lower net profit TEA Tata Tea brews 27% rise in profit COST-CONTROL and increased labour productivity have helped Tata Tea Ltd to report a 27 per cent increase in profit after tax at Rs 19.35 crore for the first quarter of 2002-2003 from Rs 15.23 crore in the year-ago period. Income from operations ... More TEXTILES Super Spinning Q1 net zooms COIMBATORE: Super Spinning Mills Ltd has recorded a more than 100 per cent jump in net profit in the first quarter of the current fiscal compared to the corresponding period last year. The company's net sales went up by just about five ... More AUTOMOBILE COMPONENTS Kalyani Brakes sales, profit up — To invest Rs 21 cr in capacity expansion BRAKE manufacturer Kalyani Brakes on Tuesday announced a 38 per cent rise in sales to 51.11 crore in the first quarter ended June 30, 2002 from Rs 36.95 crore in the same period last year. The company also reported a 60 per cent rise in pre-tax ... More TWO/THREE WHEELERS LML Q1 loss at Rs 25.2 cr NEW DELHI: Two-wheeler manufacturer LML Ltd has posted a net loss of Rs 25.22 crore for the first quarter ended June 30, 2002 compared to Rs 14.7 crore in the same quarter last year. According to unaudited results, total income has ... More AIR-CONDITIONERS & REFRIGERATORS Voltas net up on higher sales VOLTAS Ltd has reported a 56.4 per cent increase in net profit for the quarter ended June 30, 2002. The company has reported a net profit of Rs 2.77 crore compared to Rs 1.77 crore net profit during the corresponding period of the previous ... More REAL ESTATE & CONSTRUCTION IVRCL Q1 net down 28 pc HYDERABAD: IVRCL Infrastructure & Projects Ltd has registered a fall of 6.42 per cent in net profit from operations and 28.4 per cent fall in net profit after deferred taxation during the first quarter of current fiscal ended June 30, 2002 ... More SOFTWARE Tensions erode NIIT income NIIT Ltd, the Delhi-based IT training and software company, has announced a 56 per cent drop in its net profit for the third quarter to Rs 2.31 crore from Rs 5.29 crore in the same period last year. NIIT said that its income from operations ... More
i-flex Q1 net up 51 pc
Ramco Systems Q1 net loss doubles to Rs 8.16 cr ALUMINIUM Squeeze on margins pulls down Indal INDIAN Aluminium Company Ltd (Indal) has posted a lower net profit of Rs 24.01 crore for the quarter ended June 30, 2002, against Rs 28.66 crore in the previous corresponding quarter, down 19.36 per cent. According to the company, disruption ... More METALS Sterlite posts 32% rise in PAT MUMBAI: Sterlite Industries (India) Ltd has reported a 32 per cent increase in profit after tax at Rs 29.87 crore from Rs 22.67 crore in the year-ago period. Net sales edged down to Rs 723.64 crore from Rs 726.53 crore and other income ... More PAINTS ICI first-quarter net up 72 pc IN the first quarter of the current financial year, the businesses of ICI India grew 16 per cent to more than double the operating profit compared the corresponding period last year. Overall sales at Rs 178 crore was similar to last year's ... More GLASS Asahi India splits shares NEW DELHI: In a move aimed at increasing the number of transactions on the company's shares at the stock exchanges, Asahi India Safety Glass Ltd (AISGL) announced that it would split its shares into 10 shares for each held. The face ... More PACKAGING Essel Propack Q2 net zooms to 130 pc Essel Propack has recorded a 130 per cent rise in net profit for the second quarter ended June 30, 2002, at Rs 19.6 crore compared to Rs 8.5 crore during the same period in the previous year. Net sales of the company for the quarter stood at Rs ... More PRIVATE BANKS IDBI Bank Q1 net down 39 per cent IDBI Bank net profit went down 39 per cent at Rs 11.14 crore for the first quarter ended June 30, 2002 as against Rs 18.22 crore for the quarter ended June 30, 2001. Total expenditure went up to Rs 141.45 crore from Rs 117.98 crore. Operating ... More
Karnataka Bank net up 25% in first quarter PUBLIC SECTOR BANKS SBI net up 32% at Rs 763.2 cr in Q1 STATE Bank of India (SBI) has posted a net profit of Rs 763.20 crore for the quarter ended June 30, 2002, a 31.64 per cent increase over the Rs 579.78 crore net during the corresponding period in the previous year. Operating profit rose to Rs ... More ENTERTAINMENT & LEISURE Balaji Tele net rises 157 pc Balaji Telefilms Ltd has reported 157 per cent increase in net profit at Rs 12.68 crore for the first quarter of 2002-03 compared to Rs 4.94 crore in the year-ago period. Net sales moved up to Rs 39.77 crore from Rs 23.66 crore ... More
Saregama loss at Rs 13.15 cr Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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