Financial Daily from THE HINDU group of publications
Tuesday, May 21, 2002
Markets (May 20)
BL 2501126.68 (-24.82)
BSE Sensex3282.81 (-50.95)
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Dollar (Buy/Sell)48.99/49.12
Gold Std (10 gm)5180 (+20)

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CORPORATE RESULTS

ENGINEERING


Elgi Equipments sales, net zoom
AIR compressor major Elgi Equipments Ltd (EEL) has recorded gross sales of Rs 221.09 crore during the 2001-02 fiscal, a growth of 21.28 per cent over the previous fiscal. According to the audited financial results of the company, the net ... More

PHARMACEUTICALS


Lupin net up 20%; to pay Rs 2.50 final
RISE in exports, particularly generic exports to the US and Europe, has bolstered the bottomline of Lupin Ltd. The net profit of the company has risen by 20.25 per cent at Rs 72.18 crore for the year ended March 31, 2002 (Rs 60.02 crore). ... More

RADIO/TV


Padmalaya Tele Q4 sales slip
PAMALAYA Telefilms Ltd has recorded a total income of Rs 12.15 crore and a net profit of Rs 2.41 crore for the quarter ended March 31, 2002 as against the total income of Rs 17.62 crore and net profit of Rs 1.26 crore in the same quarter the ... More

PAPER, BOARD & NEWSPRINT


TNPL Q4 net slides; to pay Rs 2.50
THE board of Tamil Nadu News Print and Papers Ltd (TNPL) has recommended a dividend of Rs 2.50 per equity share of Rs 10 (25 per cent) for 2001-02. Hit by declining prices, the company's net profit has slid by 50 per cent as compared to that ... More

PUBLIC SECTOR BANKS


BoI net doubles to Rs 505 cr
BANK of India has doubled its net profit for the financial year ended March 31, 2002, at Rs 505 crore from Rs 252 crore in the previous year. Mr K.V. Krishnamurthy, Chairman and Managing Director, Bank of India, attributed the improved ... More

FINANCIAL INSTITUTIONS


SIDBI posts lower net at Rs 282 cr
SMALL Industries Development Bank of India (SIDBI) has recorded a lower net profit for the financial year 2002 at Rs 282 crore on account of the provision of income-tax of Rs 152 crore and deferred tax adjustment of Rs 29 crore. Until last year ... More

BEARINGS, CASTINGS & FORGINGS


Bharat Forge to pay 35 per cent
BHARAT Forge Ltd (BFL) has posted an increase of 30 per cent in its export earnings for the year ended March 2002. The company has also registered an increase in its operating profit and has declared a dividend of 35 per cent for the year. ... More
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Top Stories
HLL tags special dividend to bonus debenture -- Scheme modified to address income-tax problem


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Uptrend in gold to continue on producer de-hedging

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
May. 12-May. 18
Bajaj Auto net soars to Rs 521 cr

HDFC net up 22.5 pc; to pay Rs 25 dividend

Rediff revenues up 340 per cent: Net loss at $14.75 million


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