Financial Daily from THE HINDU group of publications
Tuesday, October 29, 2002
Markets (Oct. 28)
BL 250996.05 (-6.22)
BSE Sensex2834.41 (-41.12)
S&P CNX Nifty922.70 (-9.50)
Dollar (Buy/Sell)48.38/48.52
Gold Std (10 gm)5160 (+20)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

CORPORATE RESULTS

AIRLINES


Air India posts Rs 33-cr profit in April-August
THERE is both good and bad news on the Air India (AI) front. The good news is that the airline has achieved a net profit of Rs 32.78 crore for the April-August period this fiscal. But the bad news is that due to the spurt in international fuel ... More

CEMENT


Madras Cements net dips on fall in realisation
MADRAS Cements Ltd has posted a net profit of Rs 1.09 crore on sales of Rs 158.17 crore for the quarter ended September 30, 2002 against a net profit of Rs 1.49 crore on sales of Rs 185.46 crore for the same period last. For the half year ended ... More

CHEMICALS


Poor rains hurt BASF's net
MUMBAI: Poor growth in agricultural products business due to erratic monsoon has affected the second quarter results of chemicals manufacturing company BASF India Ltd. The net profit was marginally lower at Rs 8.49 crore in the quarter ... More

FOOD & DAIRY PRODUCTS


Britannia net rises 3.5%
BRITANNIA Industries Ltd has reported a 3.5 per cent increase in net profit at Rs 26.2 crore for the second quarter of 2002-03 against Rs 25.3 crore in the year-ago period. However, the profit includes an exceptional item of Rs 4.7 crore which ... More

Britannia performs better than the numbers suggest
WITH net sales slumping by five per cent and net profits inching up by a mere 3.6 per cent, Britannia Industries' financials for the quarter ended September 2002 may appear lacklustre. But the numbers are actually better than they appear. The ... More

PETROLEUM


CPCL gains on global crude prices
HIGHER prices of petro-products, which have moved up in sympathy with the higher international crude oil prices, have enabled Chennai Petroleum Corporation Ltd to turn in better results for the quarter ended September 2002. The company's net ... More

PHARMACEUTICALS


Sun Pharma net up 11% on higher margins
SUN Pharmaceutical Industries Ltd's profit after tax rose 10.6 per cent at Rs 53.31 crore for the second quarter of 2002-2003 against Rs 48.19 crore in the year-ago period on account of higher operating profit margins. Total sales for the ... More

TEXTILES


Lakshmi Mills back in black
AN improved market for textile products has buoyed Lakshmi Mills Co Ltd's (LMC) sales income and profitability in the quarter ended September 30, 2002, enabling it to turn around. The company's unaudited financial results for the quarter have ... More

Precot Mills Q2 turnover up
PRECOT Mills Ltd has recorded 18 per cent increase in the sales turnover at Rs 51.62 crore during the quarter ended Septemebr 30 compared to Rs 43.64 crore realised for the same period in the previous year. The company's net profit for the ... More

PERSONAL PRODUCTS


Gillette net up but sales dip
GILLETTE India has reported a net profit of Rs 8.10 crore for the quarter ended September 30, 2002, as against a net loss of Rs 3.55 crore for the same period last year. Net sales for the quarter were however, lower by 12.8 per cent due to ... More

AUTOMOBILE COMPONENTS


Impal's net jumps on `other income'
INDIA Motor Parts & Accessories Ltd's net profit for the quarter ended September 2002 rose to Rs 2.09 crore from Rs 1.63 crore in the previous corresponding period due to a pick up in sales. The increase (of Rs 45.90 lakh) has entirely come from ... More

Better orders boost Sundram Fasteners' Q2 net profit
SUNDRAM Fasteners Ltd has reported a net profit of Rs 10.82 crore for the quarter ended September 30, as against Rs 7.37 crore in the corresponding period of last year - an increase of 13.67 per cent. Two factors have aided this. First, the ... More

HCV/LCV/TRACTORS


Eicher prunes loss to Rs 2.33 cr
EICHER Ltd, part of the Rs 1,300-crore Eicher Group, reported a 5.4 per cent increase in total income for the second quarter of the fiscal to Rs 123.22 crore from Rs 116.89 crore in the previous corresponding quarter. The company has also ... More

Punjab Tractors' net dips 65 pc in Q2
PUNJAB Tractors Ltd, which is on the disinvestment track, has reported a 65.16 per cent decline in net profit to Rs 10.8 crore in the second quarter of the fiscal from Rs 31 crore in the corresponding period last year. Affected by the overall ... More

Drought ploughs into Punjab Tractors net
PUNJAB Tractors Ltd's (PTL) drastic fall in profits for the second quarter of this fiscal in comparison to the last has not come as a surprise. On the one hand, the company's profitability is under pressure from falling offtake and consequently ... More

ELECTRICAL GOODS


Eveready net up 78 pc
EVEREADY Industries India Ltd, the flagship company of Mr B.M. Khaitan, has registered a 78-per cent growth in net profit while turnover increased 10.45 per cent during the second quarter of 2002-03. Net profit increased to Rs 36.61 crore in ... More

SOFTWARE


Ramco Q2 net loss shoots up
CHENNAI: Ramco Systems Ltd has reported an increased net loss of Rs 6.16 crore on revenues of Rs 25.46 crore for the quarter ended September 30, 2002, as against a net loss of Rs 2.69 crore on revenues of Rs 30.14 crore for the same ... More

CYCLES & ACCESSORIES


Tube Investments net up at Rs 16.5 cr
TUBE Investments of India Ltd, part of the Chennai-based Murugappa group, has posted a net profit of Rs 16.47 crore on sales of Rs 338.67 crore for the quarter ended September 30, 2002 against a net profit of Rs 12.26 crore on sales of s 287.26 ... More

GLASS


Asahi India Q2 net up 29%
ASAHI India Glass Ltd (AIGL) has reported a 29.45 per cent increase in net profit for the second quarter ended September 30, 2002 to Rs 4.93 crore as against a net profit of Rs 3.81 crore recorded in the same period during the previous ... More

PUBLIC SECTOR BANKS


Bank of India net up 44 pc
HIGHER non-interest income enabled Bank of India to better its results in the second quarter. The net profit has registered a 43.85 per cent rise at Rs 194.43 crore (Rs 135.16 crore). Non-interest income rose by 36.75 per cent. "Our spread has ... More

PNB first-half net at Rs 411 cr
PUNJAB National Bank (PNB) has registered a net profit of Rs 411.09 crore for the first half of the current financial year ending September 2002 compared to Rs 329.09 crore registered in the corresponding period last year. The bank has made ... More

Andhra Bank nets Rs 67 cr
INCREASED non-interest income and better spreads enabled Andhra Bank to record almost a three fold increase in net profit at Rs 66.76 crore for the quarter ended September 30, 2002, as compared to Rs 18.85 crore in the corresponding period in ... More

Oriental Bank net up 37 pc
ORIENTAL Bank of Commerce (OBC) has registered a net profit of Rs 491 crore for the half-year ended September 30, 2002, a 37.2 per cent rise of the net of Rs 358 crore in the corresponding period of the previous year. The bank's total business ... More

BoB profit at Rs 137 cr in Q2
BANK of Baroda's earnings have risen 39 per cent or Rs 1.31 per share (not annualised), mainly on account of a sharp increase in other income. The bank's other income for the quarter ended September 30, 2002, has risen to Rs 380.35 crore from Rs ... More


Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Centaur deal: MP demands CBI probe


Kalam sets young dreams soaring

RBI committee calls for ban on securities trading by LABs

Pampering the super-rich: ICICI Bank shows the way

Insurance cos must refund excess motor premium

SEBI `overlooked' alliance issue in ACC deal

In Depth
Gender Justice
Simple Economics
Small Investor


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line