Financial Daily from THE HINDU group of publications
Wednesday, October 30, 2002
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Financial Daily from THE HINDU group of publications Wednesday, October 30, 2002 |
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CORPORATE RESULTS TELECOMMUNICATIONS `Aggressive rollout' sees Bharti losses rise BHARTI Tele-Ventures Ltd has registered a net loss of Rs 129 crore in the second quarter of the current fiscal, as against a profit of Rs 12 crore in the corresponding period last year. As per the unaudited results for the quarter ending ... More CEMENT 
Low cement prices drag down Guj Ambuja netA SUBSTANTIAL dip in sales realisation for cement brought down Gujarat Ambuja Cements Ltd's (GACL) net profit by 63 per cent to Rs 17.65 crore for the first quarter ended September 30, 2002 (Rs 47.33 crore). High productivity and cost reduction ... More ENGINEERING 
Growth in exports pulls up L&T profitsLARSEN & TOUBRO Ltd (L&T) has reported a slightly higher net profit of Rs 42.18 crore for the second quarter (Q2) of current fiscal (Rs 40.46 crore for the year ago period). Compared to this 4.25 per cent rise in Q2 net profit, the company's ... More PETROCHEMICALS IPCL earns profit as sales realisation rises AN increase in net sales realisation for all major products and fall in interest charges helped Indian Petrochemicals Corporation Ltd (IPCL) to report an 87.5 per cent increase in net profit at Rs 45 crore for the second quarter of 2002-03 (Rs 24 ... More PETROLEUM Deregulation, higher crude oil price boost ONGC net FREEING of domestic crude pricing has boosted Oil and Natural Gas Corporation's (ONGC) turnover and profitability for the second quarter of the current fiscal ended September 30, 2002. Net profit is up 36 per cent for the quarter at Rs ... More
BPCL profit rises 78% to Rs 324.6 cr PHARMACEUTICALS Lupin net up 18% as exports surge AN exports growth of 47 per cent during the quarter ended September 30, 2002 has added to the higher sales and net profit recorded by Lupin Ltd during the period. According to the company, exports, especially to advanced markets, increased by ... More
Orchid Pharma posts Rs 2.89-cr profit POWER Tariff revision helps CESC cut losses CESC Ltd, the RPG-controlled power utility, has reported a significant reduction in its net loss - from Rs 93 crore to Rs 3 crore - during the three-month period ended September 30, 2002. The `improved' figures result from the tariff ... More SHIPPING Ship sales, cost cuts lift GE Shipping net GAINS from sale of ships and other assets and a sharp decline in expenditure helped Great Eastern Shipping Co Ltd (GE Shipping) to report a 45 per cent increase in net profit at Rs 56.73 crore for the second quarter of 2002-03 (Rs 39.06 ... More STEEL Higher volumes, prices help SAIL post cash profit HIGHER sales and firming up of domestic steel prices during the past few months have enabled Steel Authority of India Ltd (SAIL) to register a cash profit of Rs 111 crore during the second quarter ended September 2002 as against a cash loss of Rs ... More TEA 
Tata Tea net drops to Rs 30.78 crore in Q2REDUCED dividend income and operational revenues in line with the subdued state of the tea market saw Tata Tea Ltd return a lower profit after tax of Rs 30.78 crore for the second quarter of the current fiscal, against Rs 52.39 crore in the year ... More CARS Cost control, higher Amby sales drive HM's net profit INCREASED sales of the Ambassador combined with cost control measures to drive Hindustan Motors' (HM) net profit higher by 44.4 per cent for the quarter ended September 2002. The sharp growth in the second quarter profits helped HM post a profit ... More SOFTWARE US service business pulls Subex net up BANGALORE: Subex Systems, the Bangalore-based telecom software maker, has reported a 161 per cent rise in net profits for second quarter ended September, 2002 at Rs 3.24 crore, up from Rs 1.24 crore in the corresponding quarter previous ... More
Digital Q2 net profit slips 4%; revenue up 17% NBFCS Commercial vehicles boom boosts Sundaram Fin net to Rs 13.5 cr THE net profit of Sundaram Finance Ltd for the second quarter ended September 30, 2002 has increased by 57 per cent over the same period last year, thanks to the pick-up in the commercial vehicles segment. The NBFC's net profit for the quarter ... More PRIVATE BANKS 
Drop in provisions helps GTB net rise marginally to Rs 6.5 crGLOBAL Trust Bank (GTB) has registered a drop in its total income and net operating profit, even while showing a marginal increase in net profit for the second quarter of fiscal 2002-03. The total income during the quarter ended September 30 ... More PUBLIC SECTOR BANKS More provisioning pulls down SBM net to Rs 7 crore THE net profit of State Bank of Mysore (SBM) dropped to Rs 7.11 crore for the second quarter of this financial year. During the first quarter, the net profit was Rs 23.42 crore. The unaudited results released indicate that the reduced net ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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