Financial Daily from THE HINDU group of publications
Friday, January 31, 2003
Markets (Jan. 30)
BL 2501090.79 (-4,03)
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Dollar (Buy/Sell)47.76/47.89
Gold Std(10gm)5830 (-85)

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CORPORATE RESULTS

CEMENT


Gujarat Ambuja net up 12 pc
GUJARAT Ambuja Cements has announced a 12 per cent year-on-year increase in net profit at Rs 56.46 crore, up from Rs 50.44 crore for the quarter ended December 31, 2002; this is contrary to market expectations which apprehended little improvement ... More

CONSUMER ELECTRONICS


Philips India back in black
MUMBAI: Philips India has posted a net profit of Rs 84.3 crore for the year ended December 31, 2002 compared to a loss of Rs 21.2 crore in the previous year. The company has reported net sales of Rs 1615.7 crore for the year as against ... More

ENGINEERING


ABB net up 50%, dividend at Rs 6
THE Indian arm of the Swiss-Swedish engineering major Asea Brown Boveri Ltd said its net profit for the year 2002 was Rs 97.17 crore, up 49.57 per cent from Rs 65.33 crore a year ago. The company reported a total income of Rs 1200.57 crore in ... More

CUMI net rises
CHENNAI: Carborundum Universal Ltd (CUMI) has reported a net profit of Rs 4.42 crore for the quarter ended December 2002, as against Rs 4.32 crore in the corresponding quarter of last year. This includes a deferred tax credit of Rs 45 ... More

PETROCHEMICALS


SPIC posts lower Q3 loss on `debt restructure'
SOUTHERN Petrochemical Industries Corporation (SPIC) has reported a lower net loss for the third quarter of the current year. The company made a net loss of Rs 31.97 crore, as compared to a net loss of Rs 49.56 crore for the quarter ended ... More

PHARMACEUTICALS


Promo expenses pull down Novartis net to Rs 12.2 cr
NOVARTIS India today announced a net profit of Rs 12.2 crore for the third quarter ended December 31, 2002 compared to Rs 17.53 crore during the corresponding period last year. The company has reported net sales of Rs 136.82 crore (Rs 123.73 ... More

Morepen sales up 14.91 pc in third quarter
EVEN as the Rs 530-crore pharma and healthcare company, Morepen Laboratories Ltd, prepares to reap the benefits of its anti-allergy drug, Loratidine, from the US market - it has posted a 14.91 per cent rise in total income during the third ... More

Matrix Lab turnover, net zooms
HYDERABAD: Matrix Laboratories Ltd (MLL) has registered a substantial growth both in turnover and net profit for the third quarter of current fiscal year ended December 31, 2002. While the turnover was up at Rs 78.74 crore from Rs ... More

POWER


CESC Q3 losses at Rs 31 crore
CESC Ltd, the flagship company of the RPG group, has ended the third quarter with losses of Rs 31 crore against Rs 70 crore in the same quarter of the previous fiscal. Even as the West Bengal Government has challenged the tariff order awarded ... More

STEEL


Essar Steel prunes net loss
MUMBAI: An improvement in steel prices resulting in higher revenues helped Essar Steel Ltd to reduce its net loss considerably to Rs 65.91 crore for the third quarter of 2002/2003 against a net loss of Rs 142.15 crore in the year-ago ... More

AUTOMOBILE COMPONENTS


Premier Instruments net up
COIMBATORE: Buoyed by a robust contribution from the automotive instruments, sensors and accessories segment, Premier Instruments and Controls Ltd has recorded an increase in turnover, net profit and EPS in the third quarter of the ... More

REAL ESTATE & CONSTRUCTION


Nagarjuna Constn Q3 profit up
HYDERABAD: Nagarjuna Construction Company Ltd has posted a turnover of Rs 112.73 crore and a net profit of Rs 4.11 crore for the third quarter of the current fiscal as against a turnover of Rs 111.9 crore and a profit of Rs 3.02 crore ... More

SOFTWARE


Digital GlobalSoft net up 10 pc
DIGITAL GlobalSoft Ltd, a Hewlett Packard company, today reported a year-on-year growth of 10 per cent in net profit and 26 per cent in revenues for the third quarter ended December 2002, beating expectations. The net profit for the quarter ... More

Ramco posts higher loss
RAMCO Systems Ltd has reported a higher net loss of Rs 9.64 crore on net sales of Rs 19.24 crore for the quarter ended December 31, 2002, against a net loss of Rs 8.09 crore on net sales of Rs 18.68 crore for the corresponding quarter last ... More

Goldstone Tech income up 47 pc
HYDERABAD: Goldstone Technologies Ltd, registered an income of Rs 11.91 crore for the quarter ended December 31, 2002, an increase of 47. 40 per cent and a net profit of Rs 1.01 crore as against loss of Rs 2.85 crore for the ... More

D-Link India Q3 net at Rs 3.98 cr
MUMBAI: D-Link India has posted a net profit of Rs 3.98 crore for the third quarter ended December 31, 2002 compared to Rs 2.16 crore during the corresponding period last year. Net sales for the quarter were Rs 41.28 crore (Rs 35.15 ... More

  • Aftek net up

    DAIRY & DAIRY PRODUCTS


    Heritage Foods Q3 net up 32 pc
    HYDERABAD: Heritage Foods (India) Ltd (HFIL), the Rs 165-crore milk and milk products company has registered a significant growth of 16.56 per cent in turnover and 32.05 per cent in net profit for the third quarter of current fiscal year ... More

    Parrys Confectionery net loss rises
    CHENNAI: Parrys Confectionery Ltd has incurred a loss after tax of Rs.1.12 crore on a total income of Rs.22.44 crore for the three months ended December 31, 2002 as against the loss after tax of Rs.43 lakh on a total income of Rs.26 ... More

    PAINTS


    Berger Paints Q3 net down to Rs 9.7 cr
    BERGER Paints India Ltd has reported a decline in net profit at Rs 9.66 crore for the third quarter of 2002-03, as compared with Rs 11.72 crore in the same period of the last year. There has been a huge increase in the provision for taxation ... More

    GRANITE & MARBLE


    Pokarna Q3 net doubles
    POKARNA Ltd, the Hyderabad-based Rs 69-crore company formerly known as Pokarna Granites, has posted a growth of 62.97 per cent in turnover and 109.94 per cent in net profit for the third quarter of the current fiscal ended December 31, ... More

    WATCHES & ACCESSORIES


    Timex posts 40 pc growth in sales
    TIMEX Watches Ltd has registered a 40 per cent growth in its sales during the third quarter ended December 2002 to Rs 23.47 crore from Rs 16.80 crore during the same quarter last fiscal. According to a company release, sales have increased by ... More

    PUBLIC SECTOR BANKS


    BoI Q3 net up 27 pc
    BANK of India (BoI) has reported a 27-per cent rise in net profit at Rs 196.89 crore for the third quarter ended December, 2002, compared to Rs 155.16 crore in the corresponding period of the previous year. Total income for the same period ... More

    NPA slide drives Dena Bank net up
    LOWER cost of funds and decline in non-performing assets have helped Dena Bank Ltd record a net profit of Rs 25.04 crore for the third quarter ended December, 2002 as compared to a net loss at Rs 1.09 crore in the corresponding period in the ... More

    BEARINGS, CASTINGS & FORGINGS


    Nava Bharat net rises
    HYDERABAD: Nava Bharat Ferro Alloys Ltd has registered a growth of 38.92 per cent in turnover and 124.93 per cent in the net profit for the third quarter of current fiscal year ended December 31, 2002. The company achieved a turnover ... More
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