The Hindu Business Line : Thursday, January 31, 2002

VSNL Q3 net down 10.7 pc
VIDESH Sanchar Nigam Ltd has reported a 10.7 per cent decline in net profit at Rs 357.3 crore for the third quarter ended December 31, 2001, as compared to the net profit of Rs 400.2 crore during the corresponding quarter of the previous ... More

CEMENT

Madras Cements net falls 89 pc
MADRAS Cements Ltd has recorded an 89-per cent fall in net profit and a four-per cent growth in net sales for the quarter ended December 31, 2001 over the corresponding quarter last year. For the quarter ended December 31, 2001, Madras Cements' ... More

India Cements posts Rs 26.25-cr loss in Q3
INDIA Cements has reported a loss for the second consecutive quarter and a 23 per cent drop in income from operations for the quarter ended December 31, over the corresponding period last year. For the October-December 2001 period, the ... More

PETROCHEMICALS

IPCL Q3 net slumps 22% to Rs 19.22 cr
INDIAN Petrochemicals Corporation Ltd (IPCL) saw its cumulative net profit for the first nine months of 2001-02 touch Rs 55.81 crore down by almost 63 per cent from Rs 149.78 crore in the comparable period last year. The company's net profit ... More

PETROLEUM

Reliance Petro net, sales down in third quarter
RELIANCE Petroleum Ltd (RPL) has reported lower net profit and sales for the quarter ended December 31. Net profit dropped marginally to Rs 402 crore (Rs 408 crore) while sales dipped 12.03 per cent to Rs 8,166 crore (Rs 9,149 crore). Other ... More

MRPL net loss at Rs 36.80 cr
MANGALORE Refinery and Petrochemicals Ltd has reported a net loss of Rs 36.80 crore for the third quarter ended December 31, 2001, 57.41 per cent lower compared to Rs 57.93 crore in the previous year. Loss was lower due to an increase in ... More

TYRES

Marginal fall in MRF first quarter net
MRF Ltd has reported a net profit of Rs 9.16 crore for the quarter ended December 31, 2001 as compared to Rs 9.64 crore in the corresponding period last year. Net Sales have declined from Rs 458.91 crore in April-December 2000, to Rs 435.46 ... More

Ceat posts Rs 1.39 cr net in third quarter
CEAT Ltd, an RPG Enterprise, has improved its third quarter results through better capacity utilisation, cost reduction and production of more of value-added products. A company release said that during the period under review Ceat showed Rs ... More

HCV/LCV/TRACTORS

Punjab Tractors' net profit dips 25.7 pc
DIPPING demand for tractors was reflected in the financials of Punjab Tractors, which on Wednesday said its net profit for the third quarter of the current financial year fell 25.7 per cent year-on-year to Rs 26.60 crore. The country's second ... More

SOFTWARE

SoftSol posts reduced profit
THE slowdown has taken a heavy toll on the performance of some software firms including SoftSol India. SoftSol India Ltd has recorded a total income of Rs 2.41 crore and a net profit of Rs 26 lakh for the quarter ended December 31, as against a ... More

MRO-Tek net down
BANGALORE: MRO-Tek Ltd, on Wednesday reported a decline of 59 per cent in net profits and 8.3 per cent in revenues for the third quarter-ended December 31, over corresponding period previous year. The company registered a net profit ... More

ALUMINIUM

Hindalco sales rise, net at Rs 165.5 cr
HINDALCO Industries Ltd has reported a net profit of Rs 165.5 crore for the quarter ended December 31, 2001, nearly unchanged from the year-ago's Rs 165.1 crore. Hindalco has been able to maintain profit through a continuous drive for cost ... More

PRIVATE BANKS

KVB net rises to Rs 25 crore
COIMBATORE: Karur Vysya Bank has posted a 53 per cent growth in its net profit for the quarter ended December 2001, as against the corresponding quarter of the earlier fiscal. The net profit increased to Rs 25.09 crore (Rs 16.38 ... More

PUBLIC SECTOR BANKS

SBI net goes up three-fold in Q3
STATE Bank of India (SBI) has reported a 178.97-per cent rise in net profit at Rs 613.89 crore for the third quarter ended December 31, 2001 as compared to Rs 220.05 crore in the corresponding previous quarter. Mr Janki Ballabh, Chairman, SBI, ... More

SBM net up 57.76 pc
BANGALORE: State Bank of Mysore (SBM) has announced that its third-quarter net profit rose by 57.76 per cent over the corresponding previous period to touch Rs 24.18 crore. Operating profits rose 28.74 per cent to Rs 59.23 crore ... More

Dena Bank trims losses
MUMBAI: Dena Bank has reduced its net losses during the quarter ended December 31, 2001, to Rs 1.09 crore as compared to Rs 6.90 crore for the corresponding period of the previous year. The bank has prepared a revival plan for the ... More

BROADBAND

Sterlite Optical net hit by low OFC prices
DEPRESSED prices of optical fibre and optical fibre cables (OFC) drove down both net profit and net sales of Sterlite Optical Technologies Ltd (SOTL) during the third quarter of 2001/2002. Net profit fell to Rs 7.99 crore during the third ... More

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Infosys forays into testing space

VSNL cuts annual rental for bandwidth lease

Re loses 12 paise

SBI net goes up three-fold in Q3

Treasury operations sparkle for banks

Western cow vs Third World farmer

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 20-Jan. 26
HLL ends year with 25 pc rise in net

Tata Engg prunes loss in third quarter

Tata Steel net down 73 pc at Rs 34.54 cr