Financial Daily from THE HINDU group of publications
Friday, October 24, 2003
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CORPORATE RESULTS

DIVERSIFIED


Kesoram back in black
THE B K Birla group flagship, Kesoram Industries Ltd, on Thursday announced improved income and net profit for the quarter ended on September 30, 2003. The net sales went up to Rs 396.36 crore from Rs 332.48 crore in the corresponding quarter ... More

TELECOMMUNICATIONS


Bharti Tele Q2 net up at Rs 93 cr
BHARTI TeleVentures Ltd has recorded a net profit of Rs 93 crore during the second quarter of this fiscal as against a loss of Rs 129 crore during the corresponding period in the previous year. As per the unaudited results of the company, while ... More

CEMENT


Grasim net zooms 58% to Rs 202 crore
GRASIM Industries has reported a 58 per cent increase in net profit for the quarter ended September 30. Net profit amounted to Rs 202.9 crore, up from Rs 128.7 crore in the same period the previous year. The increase in net profit, before ... More

CHEMICALS


Colour-Chem profit up 14.6%
COLOUR-CHEM has reported a 14.6 per cent increase in net profit in the second quarter of the current fiscal, as compared to the corresponding period of last fiscal. The company, which has interests in the speciality chemical, intermediate and ... More

FERTILISERS


Mangalore Chem Q2 income climbs 23%
MANGALORE Chemicals and Fertilizers has reported a 23.48 per cent increase in second quarter income at Rs 208.41 crore with a net profit increase of 68.22 per cent at Rs 8.68 crore. A press release by the Company Secretary, Mr S. Kannan, said ... More

SPIC H1 loss at Rs 79.5 crore
SOUTHERN Petrochemical Industries Corporation (SPIC) has reported a net loss of Rs 79.54 crore for the first half of the current year, compared to a net loss of Rs 61.46 crore for the same period last year. Turnover was also lower at Rs 661.84 ... More

PHARMACEUTICALS


GlaxoSmithKline net profit dips
NUTRITIONAL healthcare company, GlaxoSmithKline Consumer Healthcare Ltd (GSKCH) on Thursday informed the BSE that it posted a net profit of Rs 16 crore for the quarter ended September 30, as compared to Rs 24 crore for the corresponding period ... More

POWER


Tata Power net up 26% on lower fuel costs
THANKS to lower interest payments and lower fuel costs, Tata Power Company reported a 26.5-per cent increase in the net profit, in spite of lower generation and sale of power. The company has reported net profit of Rs 170.81 crore for the quarter ... More

AUTOMOBILE COMPONENTS


Samkrg Q2 sales, net up
SAMKRG Pistons and Rings Ltd, the Hyderabad-based manufacturer of automobile pistons and ring assemblies, has reported a growth of 14 per cent in net sales and 20 per cent in net profit for the second quarter of current fiscal ended September 30, ... More

REAL ESTATE & CONSTRUCTION


Hind Construction net dips
DESPITE a growth in turnover, engineering and construction major Hindustan Construction Co Ltd's profit after tax for the second quarter of the current fiscal has dipped compared with that of the previous corresponding period. HCC, which held ... More

SOFTWARE


Satyam Q2 net up 24 pc at Rs 148 cr — Guidance revised upwards
SATYAM Computer Services Ltd has registered total income of Rs 636.08 crore and a net profit of Rs 147.59 crore for the second quarter ended September 30, 2003, as against total income of Rs 505.05 crore and a net profit of Rs 118.90 crore for ... More

Satyam Computer rides on good offshore earnings
BOLSTERED by a combination of strong revenue growth and higher other income, Satyam Computers has recorded a good performance for the second quarter ended September 30, 2003. The per share earnings (excluding extraordinary gains) of Satyam at ... More

VisualSoft posts 18 pc rise in Q2 net
VISUALSOFT Technologies Ltd has registered a 21.62 per cent growth in income and a 17.84 per cent in net profit for the second quarter ended September 2003, in comparison to the corresponding quarter of last year. The company recorded total ... More

Blue Star Q2 net up 22 pc
SOFTWARE services provider Blue Star Infotech Ltd (BSIL) has registered an 18 per cent growth in its consolidated revenues at Rs 24.79 crore and 22 per cent rise in net profit at Rs 5.36 crore for the second quarter ended September 30, 2003, over ... More

LEATHER


Bata prunes Q3 loss to Rs 5.6 cr
BATA India Ltd has posted a lower net loss of Rs 5.6 crore for the third quarter ended September 30, 2003, compared with Rs 8.5 crore for the corresponding period of last financial year. According to an official release issued by the company ... More

ALUMINIUM


Hindalco net rises 18 pc; sales up 22 pc
HINDALCO Industries Ltd on Thursday reported a 17.7 per cent rise in net profit for the quarter ended September 30 (Q2) to Rs 227.7 crore, against the previous corresponding Rs 193.4 crore. The second quarter net sales were up 22.3 per cent at ... More

METALS


MMTC first-half net at Rs 17.69 cr
MMTC Ltd has posted a turnover of Rs 3,587 crore during the first half of the current fiscal, with its net profit amounting to Rs 17.69 crore, despite pressure on margins due to competition. According to a company release, MMTC followed ... More

PAPER, BOARD & NEWSPRINT


Seshasayee Paper Q2 net up at Rs 4.8 crore
SESHASAYEE Paper and Boards Ltd has reported a net profit of Rs 4.82 crore on gross sales of Rs 110.54 crore for the three months ended September 30, 2003, according to a company press release. During the corresponding period in the previous ... More

SILK


Himatsingka Q2 net up 30 pc
THE silk fabrics manufacturer, Himatsingka Seide Ltd, has reported a 30 per cent rise in its net profits at Rs 13.02 crore for the second quarter ending September 30, as compared to Rs 10.02 crore in the corresponding period previous year. ... More

CERAMICS


Regency Ceramics profit up 30 pc
REGENCY Ceramics Ltd (RCL) has registered a sales turnover of Rs 45.17 crore and a profit of Rs 5.04 crore for the second quarter ended September 30, 2003, according to the un-audited financial results taken on record by its board on Tuesday. ... More

PACKAGING


Essel Propack Q3 net up at Rs 10 cr
ESSEL Propack Ltd has reported a net profit of Rs 10 crore for the third quarter of 2003 as against Rs 7.8 crore in the year-ago period. Net sales stood at Rs 61.7 crore (Rs 56.4 crore). For the nine-month period, the company has posted a net ... More

PRIVATE BANKS


Catholic Syrian Bank H1 net at Rs 29 cr
THE net profit of the Thrissur-based Catholic Syrian Bank has grown by 144 per cent to touch Rs 28.75 crore (Rs 11.76 crore) during the first half of the current year. The operating profit grew by 65 per cent to Rs 56.84 crore (Rs 34.55 crore), ... More

PUBLIC SECTOR BANKS


Dena Bank Q2 profit rises to Rs 71.60 cr
AIDED by lower cost of funds and a rise in its non-interest income, Dena Bank Ltd has recorded a substantial jump in net profit at Rs 71.60 crore for the second quarter ended September 2003, as against Rs 8.46 crore in the corresponding period ... More

Vijaya Bank Q2 net up 125 pc
THE public sector Vijaya Bank has declared a net profit of Rs 95.89 crore for the second quarter of the current fiscal year, a 125 per cent increase over the corresponding period of the previous year. According to a bank release, the total ... More


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Looking back
Oct. 12-Oct. 18
IHCL net rises 31.32%


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