The Hindu Business Line : Saturday, October 26, 2002

Grasim net rises four-fold on lower interest, VRS costs
COST reductions including a decline in interest charge and a substantially lower employee separation cost helped Grasim Industries report a four-fold rise in net profit at Rs 128.7 crore(Rs 31.6 crore) in the second quarter of 2002-03. Another ... More

TELECOMMUNICATIONS

Higher taxation drags MTNL net down 35 pc
MAHANAGAR Telephone Nigam Ltd (MTNL) has announced a 35.4 per cent drop in net profit for the quarter ended September 30 at Rs 246.9 crore as compared to Rs 382.34 crore earned in the corresponding period last year. Total income has decreased ... More

CHEMICALS

Colour-Chem net up on new products
IMPROVED returns from its intermediates and colour business have pushed up the net profit of Colour-Chem Ltd for the quarter ended September 30, 2002 by 29.65 per cent to Rs 3.76 crore (Rs 2.90 crore). Earnings per share for the quarter was up to ... More

ENGINEERING

ABB net rises on higher sales
INCREASE in revenues and operational efficiencies helped engineering major ABB to report a 16 per cent growth in net profit at Rs 17.33 crore(Rs 14.9 crore) for the third quarter of 2002. Net sales for the quarter was up 23 per cent at Rs ... More

HOTELS

Indian Hotels comes out of post-Sept 11 blues
THE Indian Hotels Company Ltd (IHCL), which operates the country's largest hotel chain - the Taj, today disclosed second quarter (Q2) results that indicate a recovery from the ills of September 11, 2001. For Q2, IHCL returned a profit after ... More

PHARMACEUTICALS

Core business boosts Novartis net 48 pc
AN almost 17 per cent growth in the core pharma business and income from sale of property have boosted the net profit of pharma company Novartis India Ltd by 48 per cent to Rs 31.8 crore (Rs 21.5 crore) during the second quarter ended September ... More

Glaxo net down 12.3%
GlaxoSmithkline Consumer Healthcare Ltd (GSKCH) has registered a 0.8 per cent decline in its revenues and a 12.3 per cent decline in its net profit for the third quarter ended September 2002. The company posted a sales of Rs 264.26 crore, down ... More

Glenmark net rises 41% on higher sales income
GLENMARK Pharmaceuticals, maker of therapeutic drugs such as Candid B and Ascoril, hasreported a 41 per cent increase in net profit, mainly driven by higher sales. The company said it is aggressively working at developing its regulated market ... More

Strategic brands help sharp rise in Alembic net
FOCUS on building strategic brands has led to a 76 per cent jump in the net profit of Baroda-based pharma major Alembic Ltd in the second quarter ended September 30, 2002 to Rs 10.32 crore (Rs 5.86 crore). The company's basic and diluted ... More

PERSONAL PRODUCTS

HLL sales down; net up 11% on better margins
BETTER operating margins have helped consumer goods major Hindustan Lever Ltd (HLL) overcome a topline dip and notch a 11.2 per cent increase in profit-after-tax to Rs 420.13 crore for the third quarter of 2002 on a comparable basis, the company ... More

HCV/LCV/TRACTORS

Sourcing, cost control boost Leyland profit
A tight leash on overheads and better product mix have helped Ashok Leyland report a 12 per cent growth in net profit at Rs 20.83 crore(Rs 18.51 crore) for the quarter ended September 30. Turnover in the same period rose by 13 per cent to Rs ... More

HEALTHCARE PRODUCTS

Procter & Gamble Hygiene net flat at Rs 19.5 cr
PROCTER and Gamble Hygiene and Health Care Ltd (PGHH) has announced a net profit of Rs 19.5 crore, which has remained flat despite an increase in the effective tax rate from 25 per cent to 30 per cent. According to a press release, net sales ... More

CDR Health to set up heart clinics
HYDERABAD: CDR Health Care Ltd, plans to set up about 100 heart clinics in the rural and suburban areas of the State in the next 12 months. The company posted a net profit of Rs 1.42 crore for the second quarter of the current fiscal as ... More

PUBLIC SECTOR BANKS

Corporation Bank net rises 27 pc — Higher treasury profits, spreads to the fore
HIGHER treasury profits, maintenance of spreads and increased retail lending have enabled the Mangalore-based, Corporation Bank to report a 27.3 per cent increase in net profit at Rs 118.70 crore for the quarter ended September 30, 2002 from Rs ... More

UCO Bank H1 net up 17 pc
IN the first-half of the current financial year (April to September), UCO Bank posted a 37 per cent growth in operating profit (before provisioning and contingencies) to Rs 272 crore as compared against Rs 197 crore in the same period of the ... More

Syndicate Bank operating profit rises 46.5 pc
THE operating profit of Syndicate Bank rose from Rs 181.44 crore as of September 2001 to Rs 265.80 crore as of September 2002, a 46.5 per cent increase compared to the previous increase of 16.5 per cent for the corresponding period. According ... More

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