Financial Daily from THE HINDU group of publications
Thursday, October 27, 2005
Markets (October 26)
BL 2502261.13 (-7.33)
BSE Sensex7974.69 (-17.05)
S&P CNX Nifty2408.50 (-9.70)
US Dollar (Buy/Sell)44.99/45.12
Gold Std (10 gm)6945 (+60)


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CORPORATE RESULTS

DIVERSIFIED


Grasim net down 15% in second quarter
A DOWNTURN in its viscose staple fibre yarn and sponge iron businesses has led to Grasim Industries reporting a 15 per cent decrease in net profit for the second quarter of the current fiscal. Net profit for the quarter amounted to Rs 187.65 ... More

RICE


Satnam Overseas nets Rs 6.2 cr profit
NEW DELHI: Satnam Overseas has registered a net profit of Rs 6.2 crore for the quarter ended September 30, 2005 compared to Rs 5.23 crore during the same period last fiscal. For the second quarter this fiscal, the company registered net ... More

ENGINEERING


Alfa Laval PAT dips to Rs 16.36 cr
ALFA Laval has reported a dip in the net profit after tax at Rs 16.36 crore for the quarter ended September 2005 compared to Rs 20 crore for the corresponding period last year. Total income stood at Rs 137.68 crore for the third quarter of the ... More

PETROLEUM


ONGC posts 22 pc increase in Q2 net
THE public sector oil major Oil and Natural Gas Corporation (ONGC) has registered a 22 per cent increase in its net profit at Rs 4,138 crore after subsidy pay-out of Rs 2,827 crore to downstream companies for the second quarter of this financial ... More

Gulf Oil Q2 revenue, net up
HYDERABAD: Gulf Oil Corporation Ltd has reported an operating income of Rs 99.72 crore and a net profit of Rs 6.55 crore for the quarter ended September 30, 2005 against an operating income of Rs 87.26 crore and a net profit of Rs 5.91 ... More

Sah Petroleum Q2 net up 24 pc
MUMBAI: The Q2 net profits of Sah Petroleum, a lubricant manufacturing company, was Rs 301.22 lakh compared to Rs 243.17 lakh in the year-ago period, a growth of 24 per cent. Total revenues of the company for this quarter were Rs 30.46 ... More

PHARMACEUTICALS


Dabur Pharma Q2 net profit up 6.7 pc
DABUR Pharma Ltd today reported 6.7 per cent rise in net profit at Rs 4.77 crore for the second quarter ended September 30, 2005 as compared to Rs 4.47 crore in the same period last year. Income from operations was up marginally at Rs 73.23 crore ... More

STEEL


Tata Steel offsets drop in prices thru higher volumes — Second-quarter net profit up 12.5%
TATA Steel Ltd has reported a 12.5 per cent increase in net profit at Rs 1,045.42 crore for the second quarter against Rs 929.58 crore in the year-ago period. Higher other income at Rs 118.79 crore (Rs 57.04 crore) helped the company report ... More

TEXTILES


Century Enka net falls
MUMBAI: Century Enka Ltd has announced that for the quarter ended September 30, it posted a net profit of Rs 12.19 crore over Rs 16 crore for the corresponding period last year. Its total income (net of excise) decreased to Rs 244.64 crore ... More

Bombay Dyeing Q2 net jumps to Rs 26.58 cr
BOMBAY Dyeing and Manufacturing Co Ltd has posted an increased net profit of Rs 26.58 crore for the quarter ended September 30, 2005, over Rs 10.31 crore in the corresponding previous period. Its net sales for the quarter rose to Rs 263.78 ... More

HCV/LCV/TRACTORS


Higher sales boost M&M net by 28 pc
To form subsidiary for LCV business

MAHINDRA & Mahindra Ltd (M&M) today reported 27.91 per cent increase in profit after tax for the quarter ended September 2005 to Rs 157.21 crore from Rs 122.91 crore in the previous corresponding period. Net sales/income from operations was u More

HARDWARE


TVS-E turns in profit in Q2
TVS Electronics has reported a net profit of Rs 47 lakh on revenues of Rs 70.26 crore for the quarter ended September 30, compared to a net profit of Rs 36 lakh on revenues of Rs 58.40 crore for the corresponding quarter last year. Total ... More

ALUMINIUM


India Foils net rises
MUMBAI: India Foils Ltd has reported a net profit of Rs 3.9 crore for the quarter ending September 30, 2005 against a loss of Rs 10.21 crore in the year-ago period. The turnover for the quarter increased by 29 per cent to Rs 41.6 crore. ... More

NBFCS


Cholamandalam to expand retail business with DBS — Net nearly doubles in Q2
CHOLAMANDALAM Investment and Finance Company Ltd (CIFCL) will focus on retail business along with its new partner, DBS Bank of Singapore, with which it plans to have a 50:50 joint venture. DBS's open offer to acquire 20 per cent of the equity ... More

PAINTS


Asian Paints Q2 net up 27.7 pc
ASIAN Paints Ltd has reported a 27.7 per cent increase in net profit at Rs 69.91 crore for the second quarter this fiscal against Rs 492.67 crore in the year-ago period. The board has recommended an interim dividend of Rs 4.50 per share. Sales ... More

PACKAGING


Paper Products posts higher turnover
MUMBAI: Paper Products Ltd (PPL) achieved sales of Rs 317.80 crore for the nine months ended September 30 representing a growth of 9.3 per cent, over sales of Rs 290.88 crore in the corresponding period last year. The profit before tax ... More

PRIVATE BANKS


IndusInd Bank net drops 47 pc in Q2
INDUSIND Bank's net profit declined 46.5 per cent to Rs 31.49 crore during the quarter ended September 30, from Rs 58.91 crore during the corresponding quarter last year. The decline is mainly due to lower net interest margin and higher ... More

J&K Bank posts net profit of Rs 55 cr in Q2
JAMMU and Kashmir Bank Ltd has posted a net profit of Rs 54.98 crore for the quarter ended September 30, as against loss of Rs 50.03 crore in the year ago quarter. Last year, the bank suffered losses because of a fall in profit from trading ... More

PUBLIC SECTOR BANKS


IOB net rises 25 pc in Q2
INDIAN Overseas Bank has reported a net profit of Rs 198.49 crore for the quarter ended September 30, 2005, up from Rs 158.33 crore in the same quarter last year, an increase of 25.36 per cent, despite a shortfall of Rs 25 crore in treasury ... More



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Looking back
Oct. 16-Oct. 22
Biocon Q2 net down 29 pc — Tax outgo, European statins market hit profits

Reliance Energy Q2 net up 24 pc on higher sales


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