Financial Daily from THE HINDU group of publications
Saturday, October 29, 2005
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CORPORATE RESULTS

DIVERSIFIED


L&T net profit drops 67 pc in Q2 — Slump due to one-time gain in previous year
Larsen & Toubro has reported a 67 per cent decrease in its net profit for the second quarter of the current fiscal; this was on account of a one-time profit of Rs 353 crore from sale of shares in its cement division that had plumped up its ... More

ITC Q2 net up 17.3% at Rs 572 crore
ITC Ltd, for the quarter ended September 30, 2005, has registered a growth of 17.3 per cent in net profit at Rs 572.33 crore, while pre-tax profit for the same period has increased by 17.4 per cent to Rs 815.24 crore. EPS for the said quarter, ... More

DCM Shriram Consolidated Q2 net up 45.6 pc
NEW DELHI: DCM Shriram Consolidated Ltd (DSCL) has registered net sales of Rs 558.9 crore during the second quarter ended September 30, 2005, a 25.3 per cent growth over the previous year. Net profit increased by 45.6 per cent to Rs 26.1 ... More

ENGINEERING


BHEL Q2 net up 64.5 pc at Rs 260.2 cr
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) on Friday reported a 64.5 per cent jump in net profit to Rs 260.2 crore in the second quarter this fiscal as compared to a net of Rs 158.2 crore in the corresponding period last fiscal. Net ... More

FERTILISERS


Rashtriya Chemicals posts 12 pc profit
MUMBAI: Net profit of Rashtriya Chemicals and Fertilizers Ltd (RCF) for quarter ended September 2005 was Rs 41.1 crore against Rs 36.8 crore in the corresponding period last year, a growth of 12 per cent. Total income (net of excise) of ... More

Nagarjuna Fertilisers Q2 net up
HYDERABAD: NAGARJUNA Fertilisers and Chemicals Ltd (NFCL) reported significant growth both in sales turnover and net profit for the second quarter of current fiscal ended September 2005. The company recorded a sales turnover of Rs ... More

PETROLEUM


Under-recoveries strike oil PSUs again in Q2 — IOC net dips 23 pc to Rs 950 cr
THE non-realisation of market related prices for petroleum products has affected the net profit that the public sector oil major Indian Oil Corporation Ltd has reported during the second quarter. IOC has recorded a 23-per cent dip in net ... More

BPCL net loss at Rs 20 crore
BHARAT Petroleum Corporation Ltd posted a net loss of Rs 20.3 crore for the quarter ended September 30. The company had registered a net profit of Rs 32.14 crore in the corresponding period last year. BPCL's net sale during the second quarter ... More

Indraprastha Gas net rises 28.7 pc
NEW DELHI: Indraprastha Gas Ltd (IGL), the supplier of compressed natural gas and piped natural gas to the Capital, has reported a 28.7 per cent increase in its net profit at Rs 27.03 crore during July-September this year up from Rs 21 ... More

Gujarat Gas net rises 23 pc to Rs 24 cr
AHMEDABAD: Gujarat Gas has announced that its net profit for the quarter ended September 30, 2005 has gone up 23 per cent to Rs 24 crore against Rs 19.47 crore in the corresponding period last year. The subsidiary of British Gas said in ... More

PHARMACEUTICALS


GSK net up 79% at Rs 309 cr
GLAXOSMITHKLINE (GSK) Pharmaceuticals Ltd has posted a net profit of Rs 309.3 crore for the quarter ended September 30, up 79.3 per cent compared to Rs 172.5 crore in the corresponding period last year. Total income (net of excise) has ... More

Alembic net rises 36 pc to Rs 26.68 cr
AHMEDABAD: Alembic Ltd has announced that its net profit for the quarter ended September 30, 2005, has risen 36 per cent to Rs 26.68 crore compared with Rs 19.65 crore in the same period last year. Turnover rose 21 per cent to Rs 197.38 ... More

Sterling Biotech Q3 net up 58 pc at Rs 28.6 cr
MUMBAI: Pharmaceutical-gelatine maker Sterling Biotech Ltd has posted a 58 per cent growth in net profit at Rs 28.6 crore for the third quarter ended September 30, 2005, compared to Rs 18.1 crore for the corresponding quarter last ... More

Ajanta Pharma nets 19.85 pc profit
MUMBAI: Ajanta Pharma Ltd has posted a 19.85-per cent growth in net profit for the three months ended September 30 2005. The company clocked a net profit of Rs 1.6 crore for the three months ended September 30 2005, as compared to Rs ... More

Torrent Pharma Q2 net up
AHMEDABAD: Torrent Pharmaceuticals Ltd has reported a net profit of Rs 22.6 crore for the second quarter of the current financial year, as compared to Rs 21.24 crore in the same period last year. The company's turnover in the period ... More

Sun Pharma Q2 net up 49.3 pc at Rs 113.5 cr
MUMBAI: Sun Pharmaceutical Industries Ltd has posted a net profit of Rs 113.5 crore for the second quarter ended September 30, 2005, up 49.3 per cent against Rs 76 crore for the same period ended September 30, 2004. Total income (net ... More

Strides Arcolab Q3 net rises 92.38 pc
BANGALORE: STRIDES Arcolab Ltd has registered a 92.38 per cent rise in net profit at Rs 14.66 crore in the third quarter of the current fiscal against Rs 7.62 crore in the same period last year. Total income during the quarter was Rs ... More

PLASTICS


Finolex Ind Q2 net profit falls to Rs 9.57 cr
FINOLEX Industries Ltd (FIL) has reported a turnover of Rs 207.34 crore for the second quarter ended September 30, down by 9.16 per cent from Rs 228.24 crore in the corresponding period of the previous year. The company's net profit for the ... More

VIP Industries Q2 net up at Rs 82 lakh
MUMBAI: VIP Industries Ltd has reported a jump in its second quarter net profit at Rs 82 lakh from Rs 4 lakh in the year-ago period. Net sales grew by 11.7 per cent to Rs 70.72 crore from Rs 63.32 crore in the year-ago period. Exports ... More

SHIPPING


Mercator Q2 net leaps to Rs 35.3 cr
MUMBAI: Mercator Lines Ltd has reported a 12 per cent jump in net profit in the second quarter of the current fiscal to touch Rs 35.34 crore against Rs 31.64 crore in the corresponding quarter of last fiscal. During the quarter, the ... More

STEEL


PSL Q2 net up 8.5 pc at Rs 7.96 cr
MUMBAI: PSL Ltd, a pipe coating and pipe manufacturing company, reported an 8.5 per cent increase in its second quarter net profit at Rs 7.96 crore from Rs 7.33 crore in the year-ago quarter. The softening of steel prices helped the ... More

TEA


Tata Tea PAT up 17 pc at Rs 62 cr
TATA Tea Ltd (TTL) on Friday reported a 17.27 per cent rise in profit after tax for the quarter ended September 30, to Rs 62.39 crore from Rs 53.20 crore in the corresponding period last year. Income from operations moved up by 1.82 per cent to ... More

TEXTILES


Arvind Mills Q2 net up 84 pc at Rs 37 crore
ARVIND Mills Ltd has posted a net profit of Rs 37.19 crore for the quarter ended September 30, up 84 per cent from Rs 20.14 crore in the previous corresponding quarter. This came even as sales during the period remained almost flat at Rs 428.04 ... More

Nahar Indl Q2 net jumps 94.69 pc at Rs 15.07 cr
NEW DELHI: Textiles firm Nahar Industrial Enterprises Ltd has posted a 94.69 per cent jump in net profit at Rs 15.07 crore during the second quarter of the current fiscal, as against a net of Rs 7.74 crore during the same period last ... More

BREWERIES


UB posts Rs 4.06-cr net profit in Q2
UNITED Breweries has reported a net profit of Rs 4.06 crore in the second quarter of the current fiscal, compared to a loss of Rs 0.5 crore in the same period last year. The total income for the period was Rs 110.56 crore (Rs 92.92 crore). ... More

PERSONAL PRODUCTS


Gillette net up 24 pc
GILLETTE India has posted a 23.9 per cent increase in net profit to Rs 19.33 crore for the third quarter ended September 30 as compared to Rs 15.60 crore for the same quarter in the last fiscal. The total income (net of excise) has increased by ... More

Colgate Palmolive Q2 net up 15 pc at Rs 30.9 cr
MUMBAI: Colgate-Palmolive (India) Ltd reported a 15 per cent rise in second quarter net profit at Rs 30.9 crore against Rs 26.97 crore in the year-ago period. Total revenue for the quarter was Rs 283.25 crore, as compared to Rs 251.11 ... More

RADIO/TV


Balaji Telefilms Q2 net up 50 pc at Rs 17.02 cr
MUMBAI: Balaji Telefilms Ltd has reported a 50 per cent increase in its second quarter net profit at Rs 17.02 crore as compared with Rs 11.28 crore in the corresponding year-ago period.Total income increased to Rs 71.42 crore from Rs 46.77 ... More

UTV Software posts Rs 4.7 cr profit in Q2
MUMBAI: UTV Software Communications Ltd has ended the second quarter with a net profit of Rs 4.7 crore. Revenues for the quarter were Rs 40.5 crore. Figures for the year-ago quarter were not available. For the first half, net profit ... More

CARS


Maruti profit soars 43 pc in Q2
MARUTI Udyog Ltd reported a sizeable 43 per cent rise in profit in the second quarter of the fiscal, as cost cutting efforts and larger volumes helped to offset pressure of increasing raw materials prices. The company's net profit in the ... More

AUTOMOBILE COMPONENTS


Amara Raja announces Rs 11.60-cr expansion — Q2 net profit up 21 pc
AMARA Raja Batteries Ltd has announced capacity expansion of its automotive range of batteries from 2.4 million units a year to 3 million. The Rs 11.60-crore project is expected to be completed by the second quarter of next year. In ... More

SOFTWARE


Sasken Q2 net up 78 pc
SASKEN Communications Technologies Ltd has reported a 78-per cent rise in net profit at Rs 11.67 crore on total revenues of Rs 86.39 crore for the quarter ended September 30, 2005 over the corresponding quarter last year. Revenues from ... More

NIIT Tech Q2 net marginally down
NIIT Technologies Ltd has reported 2.5 per cent drop in net profit in the second quarter ended September 2005 to Rs 15.1 crore compared to Rs 15.5 crore clocked during the corresponding period previous year. During the quarter, revenues jumped ... More

Investments impact i-flex net in Q2
I-FLEX Solutions Ltd has reported a 42.5 per cent increase in net profit for the second quarter ended September 30, 2005; however the consolidated net profit for the quarter showed a marginal decline. "While the quarter witnessed a healthy ... More

ALUMINIUM


Nalco H1 net up 13.96 pc
BHUBANESWAR: NATIONAL Aluminium Company (Nalco) has achieved the highest-ever quarterly net profit of Rs 283.04 crore for the second quarter ended September 2005 against Rs 275.50 crore recorded in the corresponding period last ... More

NBFCS


Sundaram Finance net up 52 pc in Q2
SUNDARAM Finance Ltd has reported a net profit of Rs 23.25 crore for the second quarter of the current year, up 52 per cent from Rs 15.28 crore in the corresponding period last year. But, the company has pointed out that the results of the two ... More

PAINTS


Goodlass Nerolac Q2 net up 4.5 pc at Rs 30.56 cr
MUMBAI: GOODLASS Nerolac Paints Ltd (GNPL) reported a 4.5 per cent increase in second quarter net profits at Rs 30.56 crore against Rs 29.22 crore in the year-ago period. Net sales grew by 13.7 per cent to Rs 263.54 crore against Rs ... More

PUBLIC SECTOR BANKS


Bank of India Q2 net up 167 pc on higher income
HIGHER income has enabled Bank of India to report a 166.81 per cent rise in net profit at Rs 132.18 crore for the quarter ended September 30, 2005 against Rs 49.54 crore last year. The profit for the corresponding previous quarter was lower on ... More

United Bank seeks to adjust losses against capital
UNITED Bank of India (UBI) has mooted a proposal to adjust its losses against capital. It has requested the Reserve Bank of India to allow it to go ahead with the recast. UBI, which recorded accumulated losses of Rs 278 crore as on March 2005, ... More

Higher lending offsets hit from Treasury operations
Bank of Baroda Q2 net rises 21 pc

Bank of Baroda's net profit has increased 21.45 per cent to touch Rs 259.07 crore in the quarter ended September 30, against Rs 213.31 crore in the corresponding period of the previous year, due to increase in lending. However, other income ... More




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