Financial Daily from THE HINDU group of publications
Wednesday, January 22, 2003
Markets (Jan. 21)
BL 2501130.96 (+3.04)
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Dollar (Buy/Sell)47.91/48.04
Gold Std (10 gm)5750 (-5)

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DIVERSIFIED


New products push Marico net up 15 pc
THRUST on new products continued to help Marico Industries Ltd to post a 15 per cent increase in its net profit at Rs 13.9 crore as against Rs 12.16 crore in the year-ago period. The company said it has registered year-on-year profits ... More

ENGINEERING


Higher sales help Siemens post rise in Q1 net
SIEMENS Ltd has announced an increase in net profit for the first quarter ended December 31, 2002 to Rs 34.41 crore from Rs 20.46 crore in the quarter ended December 31, 2001. According to a press release, net sales and services (excluding ... More

HOTELS


Indian Hotels net up 86 pc as market share rises
THE Indian Hotels Co Ltd (IHCL), which operates the country's largest hotel chain - the Taj, today reported an 86 per cent rise in profit after tax to Rs 11.17 crore for the third quarter (Q3) of 2002-2003, as against the Rs 6.01 crore of the ... More

PHARMACEUTICALS


Acquisitions, organic growth spur NPIL net
ORGANIC growth and acquisitions have spurred pharma company, Nicholas Piramal India Ltd's (NPIL) net profit to Rs 21.19 crore in the quarter ended December 31, 2002 as against Rs 13.19 crore in the corresponding period last year. However, ... More

PERSONAL PRODUCTS


Godrej Consumer net up on brand building
INNOVATIONS and brand-building initiatives by Godrej Consumer Products Ltd (GCPL) helped it to maintain growth with the third-quarter profit after tax rising by 20 per cent to Rs 14.8 crore against Rs 12.30 crore in the year-ago period. GCPL's ... More

RADIO/TV


Biz model drives up Hinduja TMT net
HINDUJA TMT Ltd (HTMT) has posted a 26 per cent increase in its net profit at Rs 16.51 crore for the quarter ended December 31, 2002 as compared to Rs 13.1 crore in the year-ago quarter. Total income has increased to Rs 29.61 crore in this ... More

HARDWARE


HCL Insys Q2 net dives on impairment costs
HCL Infosystems Ltd said its net profit for the second quarter dropped by 80 per cent to Rs 2.83 crore on account of impairment charges of Rs 30.24 crore on its current assets, even as its net sales more than doubled to Rs 597.43 crore. For the ... More

HOUSING FINANCE


HDFC net up on higher income from operations
HDFC Ltd has recorded a 21 per cent increase in net profit at Rs 146.65 crore for the third quarter ended December 31, 2002. This is against a net profit of Rs 121.01 crore during the corresponding quarter of the previous year. The increase in ... More
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