Financial Daily from THE HINDU group of publications
Wednesday, January 29, 2003
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CORPORATE RESULTS

DIVERSIFIED


Indian Rayon Q3 net zooms to Rs 40.08 cr
HELPED by improved revenues in all its business and an interest income of Rs 8 crore, Indian Rayon & Industries Ltd posted a substantial jump in its net profit at Rs 40.08 crore for the third quarter of 2002-03 against Rs 3.63 crore in the ... More

PETROLEUM


CPCL net falls to Rs 32.38 cr in Q3
CHENNAI Petroleum Corporation Ltd (CPCL) has reported a net profit of Rs 32.38 crore for the quarter ended December 2002, which is lower than Rs 34.95 crore achieved in the corresponding quarter of last year. This was despite the turnover ... More

PHARMACEUTICALS


JB Chem records Rs 11.43-cr profit
JB Chemicals & Pharmaceuticals Ltd has registered a 13 per cent increase in net profit at Rs 11.43 crore in the quarter ended December 31, 2002 against Rs 10.04 crore in the corresponding period last year. Net sales have gone up marginally to ... More

Sustained sales lift Lupin Q3 net
A SUSTAINED API (Active Pharmaceutical Ingredients) formulations sales helped Lupin Ltd attain a 23 per cent rise in net profit at Rs 22.66 crore for the quarter ended December 31, 2002, as against Rs 18.47 crore in the corresponding period last ... More

Dr Reddy's Q3 net slips 47 pc
IT looks like a year of serious setbacks for Dr Reddy's Laboratories Ltd, the Hyderabad-based Rs 1,651-crore pharmaceutical major listed on the New York Stock Exchange (NYSE). Close on the heels of termination of clinical trials on two of its ... More

Orchid Chem Q3 PAT up 65 pc
ORCHID Chemicals &Pharmaceuticals has registered a profit after tax of Rs 3.71 crore for the quarter ended December 2002, about 65 per cent higher than the same registered in the corresponding period of the previous year. A statement said ... More

Ipca Labs net zooms 115 pc
MUMBAI: Buoyed by rising export figures, the Mumbai-based Ipca Laboratories has registered a 115 per cent increase in net profit at Rs 15.94 crore in the third quarter ended December 31, 2002 as against Rs 7.4 crore in the corresponding ... More

STEEL


Market recovery helps SAIL post Rs 215-cr cash profit
STEEL Authority of India has recorded a cash profit of Rs 215 crore for the third quarter ended December 2002, as against a cash loss of Rs 297 crore during the corresponding period in the previous financial year, according to a company ... More

TYRES


Core sector recovery boosts Apollo Tyres net 327% to Rs 25 cr
APOLLO Tyres Ltd has reported a net profit of Rs 25.47 crore during the third quarter ended December 31, 2002, representing a 327 per cent increase as against Rs 5.97 crore recorded in the same period during the previous year. Net sales during ... More

RADIO/TV


Zee net up on higher income
MUMBAI: Zee Telefilms Ltd (ZTL) has posted a net profit of Rs 22.19 crore for the quarter ended December 31, 2002 as compared to Rs 23.91 crore in the year-ago quarter. Total income increased to Rs 141.13 crore in this quarter from Rs ... More

  • Adlabs Films net rises

    AUTOMOBILE COMPONENTS


    Sundaram Brake Q3 net up at Rs 2.3 cr
    SUNDARAM Brake Linings Ltd has reported a net profit of Rs 2.29 crore for the third quarter ended December 2002, up 26 per cent over Rs 1.81 crore achieved in the corresponding quarter of last year. Turnover increased 20 per cent from Rs 22.06 ... More

    HCV/LCV/TRACTORS


    Sustained sales growth boosts Eicher net 78 pc
    NEW DELHI: Eicher Motors Ltd's (EML) net profit has increased by 78.5 per cent to Rs 10.48 crore during the third quarter of the current fiscal from Rs 5.87 crore in the corresponding period last year. The company's total income has ... More

    AIR-CONDITIONERS & REFRIGERATORS


    Voltas records Rs 2.85-cr net
    VOLTAS Ltd, a Tata Enterprise, today posted a net profit of Rs 2.85 crore for the third quarter ended December 31, 2002 compared to Rs 4 lakh, during the corresponding period last year. The company has recorded net sales of Rs 264.05 crore (Rs ... More

    SOFTWARE


    Polaris net dips 66% on provisioning
    POLARIS Software Lab has reported a 66 per cent drop in net profit, to Rs 5.21 crore, for the third quarter ended December 31, 2002, compared to Rs 15.29 crore during the corresponding quarter last year. Net sales were Rs 70.26 crore (Rs 70.77 ... More

    MRO-Tek Q3 PAT down 5 pc
    MRO-TEK, a networking and last mile access solutions provider, recorded a five per cent dip in its profit after tax as compared to the corresponding period in the previous year. This was a recovery in revenues by 17.5 per cent for the third ... More

    DAIRY & DAIRY PRODUCTS


    Hatsun Agro Q3 net dips
    HATSUN Agro Product Ltd has reported a drop in net profit for quarter ended December 31, 2002, with a net of Rs 30 lakh on a sale of Rs 81.09 crore. The drop in net profit is attributed to the higher charge to depreciation, according to company ... More

    CERAMICS


    Regency Ceramics net down
    HYDERABAD: Regency Ceramics Ltd (RCL) the Rs 135-crore ceramics manufacturer, has registered a growth in sales turnover and a decline in net profit for the third quarter of the current fiscal ended December 31, 2002. According to the ... More

    CYCLES & ACCESSORIES


    Steel price hike hits Tube Investment net
    TUBE Investment of India Ltd's net profit for the third quarter of the current year has decreased to Rs 5.78 crore from Rs 7.32 crore in the same quarter of last year. The company has attributed the drop to the "sharp increase in the prices of ... More

    PRIVATE BANKS


    GTB income, net down
    GLOBAL Trust Bank Ltd (GTB) has suffered a decline both in total income and net profit for the third quarter ended December 31, 2002, of the current fiscal. According to the unaudited financial results approved by the board on Tuesday, the bank ... More

    PUBLIC SECTOR BANKS


    Andhra Bank rules out Centurion takeover — Retailing helps lift net up 141 pc
    THE State-owned Andhra Bank has dropped its plan for a possible takeover of Centurion Bank and will not seek inorganic growth for the "time being". "At present, we do not have any acquisition target", the Chairman and Managing Director, Mr B. ... More

    State Bank of Bikaner net up at Rs 158.6 cr
    STATE Bank of Bikaner and Jaipur has recorded a 32-per cent increase in net profit at Rs 158.60 crore for the quarter ended December 31, 2002 as compared to Rs 120.43 crore in the corresponding period in the previous year. The total income of ... More

    Vijaya Bank net profit jumps 19 pc
    THE State-owned Vijaya Bank has posted a net profit of Rs 52.60 crore for the December quarter of the current financial year, up 19.4 per cent from Rs 44.05 crore a year ago and 39.37 per cent from Rs 37.74 crore sequentially. Total income ... More

    FINANCIAL INSTITUTIONS


    IDBI net up 14 pc
    INDUSTRIAL Development Bank of India (IDBI) has posted a 14.28 per cent increase in net profit at Rs 40 crore for the third quarter ended December 31, 2002, as compared to Rs 35 crore in the corresponding period of previous year. Income from ... More
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