Financial Daily from THE HINDU group of publications
Wednesday, October 29, 2003
Markets (Oct. 28)
BL 2501634.64 (-9.92)
BSE Sensex4707.80 (+9.52)
S&P CNX Nifty1481.75 (-3.55)
US Dollar (Buy/Sell)45.27/45.40
Gold Std (10 gm)5775

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CORPORATE RESULTS

CHEMICALS


All round improvement in performance
Tata Chemicals Q2 net jumps 71 pc

TATA Chemicals Ltd (TCL) on Tuesday reported a 71.2 per cent rise in net profit for the quarter ended September 30, 2003 (Q2), to Rs 80.52 crore from the previous corresponding Rs 47.03 crore. Net sales/income from operations increased by 15.68 ... More

PETROLEUM


Kochi Refineries sales, income up
KOCHI Refineries Ltd has posted a net profit of Rs 65.7 crore for the second quarter of the current year. During the first six months, net profit has grown to Rs 235 crore (Rs 138 crore). While there has been a fall of close to Rs 20 crore in ... More

ONGC net up 24 pc in Q2
NEW DELHI: ONGC has posted a net profit of Rs 2,825 crore for the quarter ended September 30 compared to Rs 2,276.6 crore for the corresponding period last year, reflecting a 24 per cent increase. The total turnover has gone up from Rs ... More

PHARMACEUTICALS


Dr Reddy's Lab net profit stays flat in Q2
FALL in revenues from global branded formulations and the segment of critical care and biotechnology has led Dr Reddy's Laboratories Ltd to post a marginal growth of nine per cent in total revenues and a 0.3 per cent in net profit for the second ... More

Divi's Labs net, turnover up
DIVI'S Laboratories Ltd (DLL) has reported a significant growth both in turnover and net profit for the second quarter of the current fiscal ended September 30, 2003. As per the unaudited financial results, the company achieved a turnover of ... More

Glaxo net rises 52 pc on higher sales
BUOYED by an increase in sales and a marginal drop in expenditure, GlaxoSmithKline Pharmaceuticals Ltd has reported a 52.10 per cent increase in net profit at Rs 57.74 crore during the quarter ended September 2003, as against Rs 37.96 crore ... More

HCV/LCV/TRACTORS


Ashok Leyland Q2 net up 157%
ASHOK Leyland has reported a net profit of Rs 53.46 crore for the quarter ended September this fiscal, up 157 per cent from Rs 20.83 crore in the same period last year. The company has attributed the higher net profit to "high market demand ... More

SOFTWARE


Tata Elxsi Q2 net up 35 pc
TATA Elxsi, the technical computing arm of the Tata Group, has reported a growth of 35 per cent in net profits and 30.5 in turnover for the quarter ending September 30, 2003 over corresponding period previous year. Tata Elxsi reported a net ... More

NBFCS


Magma Leasing's CV financing rises 114%
MAGMA Leasing Ltdhas recorded a 53 per cent growth in its retail asset financing business for the half year ended September 30, 2003. The company has chalked out plans to disburse Rs 450 crore during the ensuing half year of the current ... More

Chola Investment Q2 net rises 30 pc
THE Chennai-based non-banking finance company Cholamandalam Investment and Finance Company Ltd (CIFC) on Tuesday said its profit after tax for the second quarter grew 30 per cent, mainly on account of a higher asset base, saving in interest ... More

PRIVATE BANKS


Karnataka Bank Q2 net up at Rs 69 cr
THE net profit of Karnataka Bank Ltd increased by 30 per cent in the second quarter compared with the corresponding quarter in the previous year. The bank registered a net profit of Rs 69.17 crore (Rs 52.97 crore). The gross income increased ... More

Federal Bank spikes take-over talk
THE Chairman of Federal Bank, Mr Padmakumar, has scotched take-over rumours saying that there was no question of ICICI Bank divesting Federal Bank stake to anybody else at the moment. He told presspersons on Tuesday that his talks with ICICI ... More

PUBLIC SECTOR BANKS


SBM net jumps to Rs 45 crore in Q2
STATE Bank of Mysore recorded a net profit of Rs 44.98 crore during the quarter ended September 30, up from Rs 8.1 crore in the previous year period on a rise in total income to Rs 338.86 crore (Rs 315.89 crore). For the half-year ended ... More

Andhra Bank H1 net rises to Rs 256 crore
ANDHRA Bank has reported a net profit of Rs 255.66 crore for the half-year ended September, against Rs 149.73 crore in the same period last year — a growth of 70.75 per cent. The bank's gross profit increased to Rs 524.01 crore, compared ... More

BEARINGS, CASTINGS & FORGINGS


Nava Bharat Ferro Q2 net climbs 60 pc
DESPITE a marginal fall of 2.48 per cent in turnover for the second quarter of the current fiscal ended September 30, 2003, Nava Bharat Ferro Alloys Ltd has registered a 60 per cent growth in net profit. According to the company's unaudited ... More
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Top Stories
Investments rise 60 pc in H1: Study


Duty sops for STBs open Pandora's box

RIL likely to price gas at 30 pc discount to global rates

Jalan lists economy speedbreakers

Synthetic, rayon textiles export rises 20 pc

Tyre firms may import 31,500 t rubber

In Focus
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Oct. 19-Oct. 25
Nicholas Piramal net rises 82.4 pc in Q2

Digital Q2 net up 49 pc — Plans rapid ramp-up of digital contact centre biz

ACC net climbs to Rs 27.88 cr

Hindalco net rises 18 pc; sales up 22 pc

Grasim net zooms 58% to Rs 202 crore


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