Financial Daily from THE HINDU group of publications
Wednesday, October 23, 2002
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CORPORATE RESULTS

ENGINEERING


Vesuvius Q2 net up at Rs 3.67 cr
VESUVIUS India Ltd has posted sales income of Rs 27.09 crore for the quarter ended September 30, 2002, up from the Rs 23.05 recorded for the corresponding quarter of the previous year. Net profit for the quarter stood at Rs 3.67 crore, ... More

PETROLEUM


Gulf Oil H1 net more than doubles
GULF Oil Corporation Ltd (GOCL), previously known as IDL Industries, has registered a growth of 108 per cent in sales turnover and 137 per cent in net profit for the first half of current fiscal year ended September 30, 2002. According to the ... More

POWER


Tata Power Q2 net sees sharp slide
TATA Power Ltd's net profit slid by 44.87 per cent to Rs 134.95 crore (Rs 244.81 crore) on increased provision for tax and depreciation during the second quarter ended September 30, 2002. Provision for tax increased to Rs 96 crore from Rs 58 ... More

STEEL


Maharashtra Seamless net up
NEW DELHI: Maharashtra Seamless Ltd has reported a net profit of Rs 19.09 crore for the quarter ended September 2002 against Rs 10.61 crore in the corresponding quarter last year, registering 80 per cent growth. The company's turnover ... More

Jindal Strips net profit up
NEW DELHI: Jindal Strips Ltd has recorded a net turnover of Rs 871.67 crore during the first six months of the current fiscal as against Rs 553.82 crore achieved during the same period last year. The company has recorded a profit of Rs ... More

PERSONAL PRODUCTS


Godrej Consumer lathers up Q2 net profit of Rs 14 cr
GODREJ Consumer Products Ltd has reported a 31.5 per cent increase in net profit at Rs 14.02 crore (Rs 10.66 crore) for the second quarter of 2002-03. Sales for the quarter were Rs 118.64 crore (Rs 101.86 crore). Sales of Godrej brands grew by ... More

RADIO/TV


Balaji Tele net zooms 130 pc
BALAJI Telefilms Ltd has reported a 130-per cent increase in net profit at Rs 15.29 crore for the second quarter of 2002-2003 as against Rs 6.62 crore in the year-ago period. Net sales rose to Rs 48.96 crore from Rs 23.62 crore. However, other ... More

ELECTRICAL GOODS


Indo National sees growth after cutting costs
COST reduction measures, productivity improvement and working capital management have helped Indo National Ltd, the makers of Nippo brand of dry cell batteries, to show a growth in sales and profits. According to a press release, for the ... More

Crompton Greaves net up at Rs 23 cr
A RS 20.90-crore profit from the sale of 7.6 lakh fully-paid equity shares of Rs 10 each of CG Newage Electrical Ltd helped Crompton Greaves to report a net profit of Rs 23.32 crore for the second quarter of 2002-2003 over Rs 7.46 crore in the ... More

SOFTWARE


HCL Tech net falls 22 pc on expenses
DESPITE a 19 per cent growth in revenues to Rs 442.4 crore in the first quarter, HCL Technologies Ltd posted a 22 per cent fall in net profit as expenses during the quarter increased and other income dwindled. The net profit of HCL Tech stood ... More

ALUMINIUM


Indal first-half net down on sluggish demand
RECORD alumina production, improved product mix and higher exports have enabled Indian Aluminium Company Ltd.(Indal) to report a small rise in net profit to Rs 31.5 crore (Rs 30.7 crore) in the second quarter ended September 30. However, for the ... More

SUPPLY CHAIN MANAGEMENT


Blue Dart Q2 net up 24 .61 pc; reach widens
BLUE Dart Express Ltd has posted a net profit of Rs 4.81 crore in the quarter ended September 30, 2002, as compared to Rs 3.86 crore in the same period last year, representing an increase of 24.61 per cent. According to a release here, the ... More

IT-ENABLED SERVICES


Ramping up ITS, ITES led to HTMT's growth
THE ramping up of IT-services and IT-enabled services, now the core activities of Hinduja TMT, led the company's performance growth for the financial quarter as well as for the half-year ended September 30, 2002. Total income, at Rs. 28.21 ... More
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