The Hindu Business Line : Friday, January 24, 2003

Tariff cuts hit MTNL profits
MAHANAGAR Telephone Nigam Ltd (MTNL) has posted a decline in net profit of up to 33.8 per cent, at Rs 217.06 crore for the third quarter ended December 31, 2002, compared to Rs 328.01 crore in the corresponding quarter in the previous year. ... More

POWER

Tata Power net rises on higher generation
TATA Power Company Ltd has posted a 34 per cent jump in net profit at Rs 145.97 crore in the third quarter ended December 31, 2002. Net profit in the same period last year was Rs 108.98 crore. "Higher generation and sale of power during the ... More

STEEL

Tata Steel net vaults 711 pc on product-mix, volumes
HIGHER volume and richer product mix backed by improved steel prices helped Tata Steel post a 711 per cent increase in profit after tax to Rs 280.23 crore for the third quarter of 2002-2003 as against the previous corresponding Rs 34.54 ... More

Jindal Steel net up on higher sales
JINDAL Steel & Power Ltd (JSPL) has declared a profit after tax of Rs 60.21 crore for the third quarter as compared to Rs 29.43 crore in the corresponding quarter of the previous year marking a growth of 105 per cent. Gross sales have ... More

HARDWARE

Growth in shipments drives Moser Baer revenues up 75 pc
The company maintained its forecast of 10 per cent growth in earnings for the fiscal 2003 over the previous year. More

SOFTWARE

Satyam Q3 income up, net down
FALLING marginally short of its revenue guidance, Satyam Computer Services Ltd has recorded a 16.93 per cent increase in total income while its net profit dipped 2.25 per cent year-on-year for the third quarter ended December 31, 2002. The ... More

Mascot Systems PAT at Rs 6.7 cr in third quarter
MASCOT Systems, the software services company, closed the December quarter with revenues of Rs 97.71 crore, and PAT (before an one time global cost realisation cost) of Rs 6.67 crore, beating market expectations of a fall in revenues as well as ... More

HCL Tech net down 35 pc despite higher revenues
SOFTWARE major, HCL Technologies, on Thursday announced a 35-per cent drop in net profit for the second quarter ended December 31, 2002, at Rs 80.6 crore compared to Rs 123.2 crore in the same period last year. Gross revenues during the quarter ... More

ALUMINIUM

Indal net dips on lower sales
INDIAN Aluminium Company Ltd (Indal) today reported a lower net profit of Rs 28.7 crore for the quarter ended December 31, 2002 (Q3), as against the Rs 30.12 crore for the previous corresponding period. Net sales/income from operations was Rs ... More

DYES & PIGMENTS

Colour Chem net up on cost cuts
COLOUR Chem has registered a rise in net profit at Rs 3 crore during the quarter ended December 31, 2002 as against Rs 56 lakh in the corresponding period last year. According to the company, improved results can be attributed to comprehensive ... More

PRIVATE BANKS

Bank of Rajasthan plans insurance subsidiary
BANK of Rajasthan has more than doubled its net profit to Rs 18.36 crore during the third quarter ended December 31, 2002, as compared to Rs 8.01 crore in the same period of last year. Increase in other incomes and treasury profits boosted the ... More

SIB improves profitability
THE Thrissur-based South Indian Bank (SIB) has posted a 20.6-per cent growth in net profit for the nine-month period ended December 31, 2002 to touch Rs 54.7 crore, up from Rs 45.35 crore reported during the corresponding period of the previous ... More

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