Financial Daily from THE HINDU group of publications
Saturday, November 02, 2002
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CORPORATE RESULTS

ENGINEERING


Elgi Equipments net dips; to pay 50% interim
THE air compressor major Elgi Equipments Ltd (EEL), Coimbatore, despite good demand for water well drilling and automotive garage equipment, witnessed almost a flat growth in top line in Q2 of the current fiscal compared to the corresponding ... More

PETROLEUM


Higher margins drive HPCL net
AN improvement in refining margins due to higher international prices and substantial reduction in interest cost facilitated Hindustan Petroleum Corporation Ltd (HPCL) to report a 225-per cent increase in its net profit at Rs 479.33 crore for the ... More

AIR-CONDITIONERS & REFRIGERATORS


Electrolux Kelvinator back in black
ELECTROLUX Kelvinator Ltd has recorded a net profit of Rs 9.3 crore for the quarter ended September 30, 2002, as against a net loss of Rs 8.8 crore incurred in the corresponding period last year. The company recorded gross sales worth Rs 77.1 ... More

SOFTWARE


ICSA net profit slides
HYDERABAD: ICSA (India) Ltd, formerly Innareddy Computer Services Ltd, has recorded total income of Rs 53.35 lakh and a net profit of Rs 0.97 lakh for the quarter ended September 30, 2002, as against total income of Rs 1.05 crore and a ... More

READYMADE GARMENTS


Denim helps Arvind Mills maintain bottomline
ARVIND Mills Ltd (AML) has posted a net profit of Rs 29.07 crore on an operating income of Rs 355.19 crore during the second quarter of this fiscal. While this reflected only a 14 per cent growth on the first quarter's net profit of Rs 25.58 ... More

PACKAGING


Essel Propack domestic revenues down
A DECLINE in revenue and higher tax provisions resulted in a 22 per cent fall in Essel Propack Ltd's net profit in its Indian operations to Rs 7.8 crore (Rs 10 crore) for the third quarter of 2002. The revenue fall has been attributed to ... More
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