Financial Daily from THE HINDU group of publications
Thursday, January 30, 2003
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CORPORATE RESULTS

SOAPS & DETERGENTS


Nirma Q3 net up at Rs 64 cr
NIRMA Ltd has posted a net profit of Rs 64.31 crore on net sales of Rs 536.3 crore for the third quarter ended December 2002. This reflects a 21 per cent rise in net profit from Rs 53.17 crore in the corresponding period last year. The net ... More

DIVERSIFIED


Export orders push L&T net up 47 pc
LARSEN & Toubro (L&T) reported a 47 per cent increase in net profit year on year for the quarter ended December 31, 2002; the net profit stood at Rs 80.67 crore, up from Rs 54.51 crore. The company's third quarter results has aided it in ... More

CEMENT


Price fall hits India Cements net
THE India Cements Ltd has posted a net loss of Rs 50.54 crore after taking a deferred tax credit of Rs 27.48 crore on sales of Rs 238.97 crore for the third quarter ended December 31, 2002 as against a net loss of Rs 26.25 crore on sales of Rs ... More

Chettinad Cement posts higher loss
CHENNAI: Chettinad Cement Corporation Ltd has posted a loss of Rs 13.72 crore on sales of Rs 59.01 crore in the third quarter of this financial year against a loss of Rs 7.84 crore on sales of Rs 45.82 crore for the same period last ... More

Madras Cements sales income down, Q3 PAT up 22%
DESPITE a nine per cent fall in sales income, Madras Cements Ltd has reported a 22 per cent increase in profit after tax for the third quarter ended December 31, 2002 when compared to the same period last year. The company attributed the drop ... More

HOTELS


Grand Group income up at Rs 21.2 cr
THE Grand Group of Hotels, owned by Bharat Hotels Ltd, has recorded a gross operating profit of Rs 4.09 crore for the third quarter of the financial year 2002-03, compared to Rs 1.41 crore recorded during the same period in the previous year. ... More

PETROLEUM


GAIL net up 17% on better throughput
GAIL (India) Ltd has registered a net sales of Rs 2,969 crore and a net profit of Rs 359 crore for the third quarter of the current fiscal ended December 31, 2002, reflecting a 13.8 per cent rise in net sales and 17.3 per cent rise in net profits ... More

Gulf Oil net quadruples on higher sales
GULF Oil Corporation Ltd, the Hyderabad-based Rs 278-crore company specialising in explosives, lubricants and building products formerly known as IDL Industries, has posted a growth of 95 per cent in sales turnover and 344 per cent in net profit ... More

IOC records Rs 777-crore net profit
INDIAN Oil Corporation (IOC) has recorded a net profit of Rs 777 crore on a gross turnover of Rs 30,625 crore for the third quarter of the current fiscal ended December 31, 2002. This translates into a nine per cent rise in net sales and a ... More

PHARMACEUTICALS


Cadila-German Remedies merger swap fixed at 7:4
THE boards of directors of Cadila Healthcare Ltd (CHL), German Remedies Ltd (GRL), Recon Healthcare Ltd, Zydus Pathline Ltd and Zoom Properties Ltd have approved the scheme of amalgamation of the respective companies into CHL and kept the ... More

Zydus Cadila net rises 18 pc in Q3
ZYDUS Cadila has recorded a 18 per cent rise in net profit at Rs 17.29 crore in the third quarter ended December 31, 2002 as against Rs 14.70 crore in the corresponding period last year. According to the company, the increased sales of the ... More

TYRES


MRF Q1 net doubles
MRF Ltd has reported a net profit of Rs 20.18 crore (including a deferred tax credit of Rs 2.26 crore), for the quarter ended December 2002, which is the company's first quarter of 2002-03. This is more than twice the net profit of Rs 9.16 crore ... More

PERSONAL PRODUCTS


Cost cuts push HLL net up 6.96%
SECTORAL concerns remained even as FMCG major Hindustan Lever Ltd (HLL) reported a characteristic rise in net profit by 6.96 per cent to Rs 1,755.68 crore for the financial year 2002 (Rs 1,641.31 crore) amid a 6.68 per cent decline in net sales ... More

HCV/LCV/TRACTORS


M&M net higher at Rs 30 cr in Q3
IMPROVED operational income, increased other income and benefit from having amortised VRS expense against its share premium account, helped Mahindra & Mahindra Ltd (M&M) post a higher net profit of Rs 30.78 crore for the third quarter ended ... More

AIR-CONDITIONERS & REFRIGERATORS


Blue Star Q3 net up at Rs 3.4 cr
BLUE Star Ltd has posted a net profit of Rs 3.38 crore for the quarter ended December 31, 2002 compared to Rs 72 lakh in the corresponding period last year. The company has recorded net sales of Rs 114.23 crore as against Rs 98.64 crore. Total ... More

MEDICAL INSTITUTIONS & HOSPITALS


Apollo Hospitals Q3 PAT up 11.5%
CHENNAI: Apollo Hospitals Enterprises' profit after tax for the quarter ended December 2002 was Rs 6 crore, higher than the corresponding period of the previous year by 11.5 per cent. A company release said the turnover for the ... More

WATCHES & ACCESSORIES


Timex posts 40% sales growth
NEW DELHI: Timex Watches Ltd has announced a 40 per cent growth in sales of Rs 23.47 crore in the third quarter ended December 31, 2002, compared to Rs 16.8 crore in the same quarter last year. According to a press release, the ... More

PUBLIC SECTOR BANKS


Retail business drives SBI profits
HIGHER income from sale of securities and investments has boosted State Bank of India's net profit to Rs 787.05 crore for the third quarter ended December 31, 2002, a 28.20 per cent jump from Rs 613.89 crore in the corresponding period in the ... More

BoB net leaps 60 pc in Q3
BANK of Baroda has posted over 60 per cent jump in net profit at Rs 254.38 crore in the third-quarter ended December 31, 2002, compared to Rs 158.13 crore in the corresponding period of the previous year. Mr P.S. Shenoy, Chairman and Managing ... More


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