Financial Daily from THE HINDU group of publications
Saturday, July 19, 2003
Markets (July 18)
BL 2501293.42 (-15.05)
BSE Sensex3647.58 (-21.33)
S&P CNX Nifty1140 (-12)
US Dollar (Buy/Sell)46.22 (46.34)
Gold Std (10 gm)5270 (-10)

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CORPORATE RESULTS

PETROLEUM


Gulf Oil net up at Rs 5.59 cr
Gulf Oil Corporation Ltd has reported a net profit of Rs 5.59 crore for the first quarter ended March 31, 2003, primarily because deferred tax credit of Rs 7.60 crore. The profit is 35.67 per cent higher than Rs 4.12 crore net profit recorded ... More

SHIPPING


Essar Shipping net higher at Rs 30.28 cr in Q1
ESSAR Shipping Ltd has notched up a net profit of Rs 30.28 crore in the first quarter of the current fiscal, as against Rs 3.31 crore during the corresponding period of last fiscal. The net profit was after providing a book loss on sale of a ... More

TEXTILES


Raymond net zooms in Q1
Raymond today announced improved profits for the first quarter ended June 30, 2003. Net profit for the April-June quarter rose 385 per cent to Rs 20.92 crore (Rs 4.31 crore) after providing for tax Rs 5.50 crore (Rs 1.92 crore). According to ... More

AUTOMOBILE COMPONENTS


Sona Koyo PBT rises in Q1
Sona Koyo Steering has recorded a 183 per cent growth in its profit before tax (PBT) for the first quarter of current fiscal. The company's profit before tax has increase from Rs 1.42 crore recorded in the quarter ended June 2002 to Rs 4.02 crore ... More

TWO/THREE WHEELERS


TVS Motor Q1 net up on Victor sales
TVS Motor Company has reported a net profit of Rs 32.08 crore in the first quarter of the current year, which is 19.79 per cent higher than the Rs 26.78 crore the company achieved in the corresponding quarter of last year. Sales of TVS Victor ... More

HARDWARE


Macromedia Digital to expand operations
MACROMEDIA Digital Imaging, a Hyderabad-based firm addressing the digital printing and the outdoor industry signages, has commissioned its third new Scitex Vision printing machine, and is planning to expand operations by locating a major centre ... More

SOFTWARE


Wipro Q1 net drops 9 pc sequentially — Growth will continue to be volume-led: Premji
WIPRO Ltd said its net profit for the April-June quarter of the current financial year dropped nine per cent sequentially over a three per cent slide in revenues. The net profit stood at Rs 206 crore (Rs 225.4 crore in Q4 2002) over revenues ... More

HOUSING FINANCE


HDFC posts 22 pc rise in Q1 net
HOUSING Development Finance Corporation (HDFC) has announced an increase of 22 per cent in net profit, at Rs 167.76 crore, for the quarter ended June 30, 2003. The company had reported a net profit of Rs 137.3 crore during the corresponding ... More

PUBLIC SECTOR BANKS


PSB operating profit up 72 pc
PUNJAB & Sind Bank has recorded a 71.55 per cent growth in its operating profit for the year ended March 2003 to Rs 280.81 crore as against Rs 163.70 crore during the previous financial year. The bank has recorded a net profit of Rs 4.43 crore ... More

Syndicate Bank posts 28 pc rise in Q1 net
SYNDICATE Bank has reported a net profit of Rs 101.85 crore for the first quarter of the current financial year, a 28 per cent increase over corresponding quarter of the previous year, when net profit was Rs 79.41 crore. The bank reported a ... More

IOB net up 90 pc in Q1 — AGM okays fresh issue of shares
INDIAN Overseas Bank (IOB) has reported a net profit of Rs 139 crore (Rs 73 crore) in the first quarter of the current fiscal, representing a 90-per cent growth. Operating profits were at Rs 273 crore as against Rs 158 crore in the ... More


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