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Friday, February 01, 2002

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TELECOMMUNICATIONS


MTNL net down 31.2%
MAHANAGAR Telephone Nigam Ltd (MTNL) has reported a 31.2 per cent decline in net profit for the third quarter of the current fiscal. The company has registered a net profit of Rs 328 crore during the October-December period as against a net ... More

Surana Telecom net down
HYDERABAD: Surana Telecom has recorded a total income of Rs 45.35 crore and net profit of Rs 4.52 crore for the quarter ended December 31, as against total income of Rs 33.04 crore and net profit of Rs 5.81 crore during the ... More

CEMENT


Grasim Ind net profit up 8 pc at Rs 89.9 cr
GRASIM Industries has ended the third quarter of 2001-2002 with an eight per cent increase net profit at Rs 89.9 crore against Rs 83.1 crore in the year-ago period. Improved performance of its cement and fibre businesses and a decline in ... More

PETROCHEMICALS


Reliance net up 20 pc at Rs 822 cr -- L&T stake sale comes to the rescue
RELIANCE Industries Ltd (RIL) has posted a 20 per cent rise in net profit at Rs 822 crore for the quarter ended December 31, compared to Rs 684 crore in the year-ago period, thanks in large measure to the sale of equity in Larsen and ... More

PETROLEUM


BPCL net down 36.7 per cent
FALL in product prices coupled with lower sales led to a 36.7 per cent fall in Bharat Petroleum Corporation Ltd 's net profit at Rs 71.9 crore (Rs 113.6 crore) in the third quarter ended December 31, 2001. Net sales for the quarter fell 15.78 ... More

PHARMACEUTICALS


Aurobindo Pharma net profit down 13.73 pc
AUROBINDO Pharma (APL) has recorded a marginal growth in turnover and operating profit during the third quarter. However, it suffered a fall of 13.73 per cent in net profit, largely owing to increased provisions towards interest and ... More

Orchid Chem net profit drops 62 pc
ORCHID Chemicals and Pharmaceuticals Ltd has registered a net profit of Rs 2.25 crore during Q3 of 2001-2002, a 62 per cent drop from Rs 5.96 crore registered during the third quarter of 2000-2001. When contacted by Business Line, Mr K. ... More

SHIPPING


SCI profit sinks
MUMBAI: Provision for payment of wage arrears and the fall in freight income have pushed down the third quarter net profit of Shipping Corporation of India (SCI) by 70.6 per cent to Rs 37.97 crore from Rs 129.18 crore in the same period of ... More

Great Eastern net up 70 pc
GREAT Eastern Shipping Company Ltd has reported a 70-per cent increase in net profit at Rs 70.73 crore for the third quarter of 2001-2002 compared to Rs 41.54 crore in the year-ago period. Total income from operations and sales stood at Rs ... More

RADIO/TV


Balaji Tele sees 50 pc bottomline growth
TELEVISION software producer, Balaji Telefilms Ltd (BTL), is expecting to achieve a 30-per cent topline and a 50-per cent bottomline growth in the 2002-2003 fiscal. Though these targets are relatively modest when compared to the company's ... More

CARS


75 pc drop in Daewoo Motors sales in Q3
SALES of Daewoo Motors India Ltd plummeted to a low of Rs 37.54 crore in the third quarter of the current financial year, falling by over 75 per cent from Rs 151.58 crore in the same quarter a year earlier. Daewoo's losses in the quarter were ... More

SOFTWARE


Pentamedia Graphics Q3 net declines
THE Chennai-based Pentamedia Graphics has recorded a consolidated net profit of Rs 42.91 crore on total sales of Rs 173.89 crore for the quarter ended December 31. The consolidated figures include those of the company's subsidiaries. The parent ... More

Ramco Systems Q3 loss mounts to Rs 8 crore
THE Chennai-based Ramco Systems has recorded a rise in net loss to Rs 8.09 crore on total sales of Rs 18.69 crore for the quarter ended December 2001, as compared to a net loss of Rs 62.18 lakh on sales of Rs 24.47 crore for the same quarter in ... More

Mindteck Q2 net dips to Rs 60 lakh
BANGALORE: Mindteck, the TAIB Bank promoted software services company, has reported a net profit of Rs 60 lakh on a turnover of Rs 12.20 crore for the second quarter ended December 31, over the year-ago period's net of Rs 86 lakh on a ... More

Eonour Tech net rises
The Chennai-based Eonour Technologies Ltd has recorded a rise in net profit to Rs 4.43 crore on sales of Rs 16.93 crore for the quarter ended December, 2001 as compared to a net profit of Rs 3.86 crore on sales of Rs 12.24 crore for the same ... More

WATCHES & ACCESSORIES


Titan triples third-quarter net
TITAN Industries Ltd has almost tripled its third quarter net to Rs 6.99 crore from Rs 2.37 crore in the same period last year. The profit before tax (PBT) leaped to Rs 10 crore from Rs 2.59 crore last year. Total income in the quarter was ... More

PRIVATE BANKS


Karnataka Bank net up 112 pc
MANGALORE: Karnataka Bank has registered a 112.77 per cent increase in net profit for the first nine months of the current fiscal at Rs 75.32 crore as against Rs 35.40 crore for the corresponding period of the previous year. The ... More

PUBLIC SECTOR BANKS


Union Bank net spurts 77 pc
MUMBAI: Union Bank of India has reported a 77.4 per cent rise in net profit at Rs 99 crore for the third quarter ended December 31, 2001, as compared to Rs 55.80 crore in the corresponding quarter in the previous year. For the nine ... More

IOB net grows 12 pc to Rs 45 cr
CHENNAI: Indian Overseas Bank has reported a net profit of Rs 45.56 crore in the quarter ended December 2001, as against Rs 40.75 crore in the corresponding quarter of last year — an increase of 11.8 per cent. It made a net ... More

FINANCIAL INSTITUTIONS


Canbank Factors turnover rises
BANGALORE: Canbank Factors Ltd, a subsdiary of Canara Bank, has improved its net profits by 15.68 per cent to Rs 6.27 crore for the first nine months of the current financial year. During the corresponding period of last year, the ... More
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