CORPORATE RESULTS
DIVERSIFIED
DCM Shriram Cons. Q3 net at Rs 21 cr
DCM Shriram Consolidated Limited has registered a net profit of Rs 20.76 crore for the third quarter ending December 2003 as against Rs 12.31 crore recorded during the same period last fiscal. The operating margins have increased during the ...
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ITC post-tax profit at Rs 381 cr in Q3
ITC Ltd, for the quarter ended December 31, 2003, has registered a growth of 17.7 per cent in its post-tax profit at Rs 381 crore against the Rs 323.51-crore in the corresponding period last financial year. The company's underlying net ...
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TELECOMMUNICATIONS
MTNL Q3 net up 113 pc
MAHANAGAR Telephone Nigam Ltd (MTNL) has posted a 113 per cent increase in its net profit for the third quarter of the current fiscal (October-December 2003) at Rs 4,62.84 crore as against Rs 2,17.06 crore during the corresponding period last ...
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ENGINEERING
Thermax Q3 net up 87 per cent
THERMAX Ltd has posted a net profit of Rs 9.55 crore for the quarter ended December 2003. This is against a net profit of Rs 5.11 crore registered during the same period last year. The year to date net profit was up by 80 per cent at Rs 37.95 ...
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L&T gross income sees 28 pc rise
LARSEN & Toubro has reported a 20.76 per cent increase in net profit at Rs 101.43 crore for the quarter ended December 31, 2003, compared to Rs 80.87 crore in the corresponding quarter of the previous year. Gross income from sales amounted to ...
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BHEL net up 61 pc
BHARAT Heavy Electricals Ltd has recorded a net profit of Rs 131.1 crore on an income of Rs 1,992.5 crore for the third quarter of the current fiscal ended December 31. For the corresponding period in the previous year, the company recorded a ...
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PETROCHEMICALS
IPCL Q3 net up 8 pc
AHMEDABAD: Indian Petrochemicals Corporation Ltd has returned a net profit of Rs 81 crore during the third quarter of the fiscal, up eight per cent from Rs 75 crore recorded in the corresponding period last year. During the period, the ...
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PETROLEUM
Higher base oil prices hit Castrol profit
CASTROL India Ltd has reported a 24 per cent fall in fourth quarter net profit in spite of higher sales volumes of truck and motorcycle engine oils. Net profit for the quarter ended December 31, 2003 stood at Rs 32.20 crore (Rs 40.04 crore). ...
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Gujarat Gas net rises
AHMEDABAD: Gujarat Gas Company Ltd (GGCL) has posted a net profit of Rs 64.45 crore for the financial year ended December 31, 2003, registering a 19 per cent rise over Rs 53.75 crore during 2002. Sales for the period stood at Rs 513.51 ...
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PHARMACEUTICALS
Cipla profit moves up to Rs 75 cr
CIPLA Ltd has posted a net profit of Rs 75.3 crore for the third quarter ended December 31, 2003 as compared with Rs 66.4 crore in the same quarter last year. Total income has increased from Rs 365.8 crore in the third quarter to Rs 489.4 ...
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Dr Reddy's revenue up, net down
DESPITE an increase of 18 per cent in total revenues for the third quarter ended December 31, 2003, of the current fiscal, Dr Reddy's Laboratories Ltd has suffered a fall of 11 per cent in net profit. While the operating profit margin came ...
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POWER
CESC Q3 net up Rs 15 cr
CESC Ltd, the flagship company of the RPG group, has closed the third quarter with a net profit of Rs 15 crore against a net loss of Rs 40 crore in the same quarter last year. With this, the power utility's net profit this year climbs to Rs 53 ...
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STEEL
Ispat Ind posts Rs 28 cr Q3 net
ISPAT Industries Ltd has reported a net profit of Rs 28.28 crore for the third quarter ended December 2003 against net loss of Rs 17.95 crore in the year-ago period. Total income was Rs 1,061.91 crore, higher from Rs 770.06 crore in the year-ago ...
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SUGAR
Balrampur Chini announces 12:100 rights at a premium
RIDING on a 50 per cent growth in turnover and a 255 per cent growth in net profit, sugar major Balrampur Chini announced a rights issue in the ratio of 12 shares for every 100 held. The company has decided to charge a premium of Rs 250 for ...
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TEXTILES
Welspun Q3 profit up at Rs 8.42 cr
WELSPUN India Ltd has posted a 29.53 per cent rise in net profit at Rs 8.42 crore during the quarter ended December 31, 2003 against Rs 6.50 crore recorded in the corresponding period last year. Total income from operations for the three-month ...
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Pioneer Embroideries net increases 14 pc
PIONEER Embroideries Ltd reported a 14 per cent increase in net profit to Rs 2.87 crore in the quarter ended December 31, 2003, over Rs 2.51 crore in the corresponding previous period. The total income stood at Rs 27.72 crore (Rs 24.65 crore), a ...
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Arvind Mills Q3 net down at Rs 19 cr
AHMEDABAD: Arvind Mills Ltd (AML) has posted a net profit of Rs 19.21 crore during the third quarter of 2003-04, down 48 per cent against Rs 36.66 crore posted in the corresponding quarter of 2002-03. The company's sales also witnessed ...
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AUTOMOBILE COMPONENTS
Eveready posts Rs 10-cr net loss
EVEREADY Industries India Ltd has registered a 14 per cent growth in its turnover at Rs 272.29 crore for the third quarter of 2003-04 against Rs 238.92 crore in the corresponding period last year. But the bottom line was affected forcing the ...
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Sundram Fasteners sees improved sales
SUNDRAM Fasteners Ltd has reported a net profit of Rs 12.03 crore on total sales of Rs 139.46 crore for the third quarter ended December 2003. During the corresponding previous period, the company reported a net profit of Rs 10.03 crore on ...
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HCV/LCV/TRACTORS
Mahindras' third quarter PAT increases to Rs 87 cr
MAHINDRA & Mahindra Ltd (M&M) has reported a rise in profit after tax to Rs 87.41 crore for the quarter ended December 31, 2003, as against the previous corresponding Rs 30.78 crore. Its net sales/income from operations was Rs 1,327.64 cror
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Punjab Tractors net up
NEW DELHI: Punjab Tractors has said its net profit for the third quarter of the fiscal rose 35 per cent to Rs 13.50 crore over the same quarter a year ago on higher sales. Net revenues of the company in the quarter stood at Rs 166 crore ...
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AIR-CONDITIONERS & REFRIGERATORS
Voltas posts Rs 5.23 cr PAT in Q3
VOLTAS Ltd on Friday reported a rise in profit after tax to Rs 5.23 crore for the quarter ended December 31, 2003, as against the previous corresponding Rs 2.85 crore. Net sales/income from operations was Rs 253.84 crore (Rs 264.05 ...
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REAL ESTATE & CONSTRUCTION
Jaiprakash income down, net up
NEW DELHI: Jaiprakash Industries Ltd (JIL) has reported a net profit of Rs 23.78 crore for the quarter ended December 31, 2003 as compared to a net profit of Rs 19.3 crore recorded in the same period during the previous ...
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SOFTWARE
Aftek Q2 sales up
AFTEK Infosys Ltd has reported a 60 per cent rise in net sales at Rs 35.12 crore for the quarter-ended December 30, 2003, compared with Rs 21.93 crore recorded during the same period last year. Total income stood at Rs 35.43 crore compared ...
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NIIT software biz grows 31 pc
NIIT, the computer education and software developer, on Friday said its net profit for the quarter ended December 2003, stood at Rs 0.5 crore, as compared with a loss of Rs 8.6 crore in the same period last year. Revenues of NIIT in the ...
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Polaris Q3 net at Rs 23 cr — Plans Hyderabad centre
POLARIS Software Labs has declared a net profit of Rs 23.26 crore for the quarter ended December 2003 compared with Rs 17.86 crore in the same period in the previous year, showing a growth of about 30 per cent. Revenues grew about 34 per cent ...
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IT TRAINING
SSI net up at Rs 1 cr
SSI Ltd has reported a (consolidated) net profit of Rs 1 crore in the quarter ended December 2003 compared to a loss of Rs 13.62 crore for the same period in the previous year. Total revenues dropped about 42 per cent to Rs 44.58 crore (Rs 77.72 ...
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OFFICE EQUIPMENTS & SUPPLIES
Linc Pen net sales go up
LINC Pen and Plastics Ltd, for the quarter ended December 31, has recorded a net profit growth of 145 per cent at Rs 1.40 crore from the Rs 0.57 crore achieved for the same quarter of the previous financial year. Net sales at Rs 22.48 crore ...
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NBFCS
Sundaram Finance Q3 net at Rs 13 cr
SUNDARAM Finance Ltd has reported a net profit of Rs 13.24 crore on an income of Rs 91.66 crore for the quarter ended December 31, 2003, compared with a net profit of Rs 10.67 crore on an income of Rs 85.48 crore for the same period last year. ...
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Srei International Fin PAT rises 21 pc in Q3
SREI International Finance Ltd (Srei), for the quarter ended December 31, 2003, has recorded a 21 per cent increase in its profit after tax at Rs 4.09 crore (Rs 3.37 crore). The company has registered a growth of 34 per cent in PAT for the ...
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GLASS
Asahi India Q3 net at Rs 18 cr
ASAHI India Glass has reported a net profit of Rs 17.54 crore on gross sales of Rs 157.57 crore during the third quarter ended December 31, 2003. A communiqué from the company to the Bombay Stock Exchange said that the board has approved ...
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PRIVATE BANKS
Karnataka Bank nine-month net rises 17 per cent
KARNATAKA Bank Ltd has registered a growth of 16.69 per cent in its net profit for the nine-month period ending December 31, to touch Rs 105.62 crore, according to a bank release here on Friday. The net profit stood at Rs 90.51 crore for the ...
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Dhanalakshmi Bank net up
THE net profit of the Thrissur-based Dhanalakshmi Bank has grown by 17 per cent to Rs 13.21 crore (Rs 11.28 crore) during the first nine months of the current financial year. The total business volume of the bank also grew 17.68 per cent and ...
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PUBLIC SECTOR BANKS
SBI net rises 16.8 pc in Q3
LOWER cost of funds and diversification of loan portfolios have enabled State Bank of India to report a 16.8 per cent growth in net profit at Rs 919.44 crore for the third quarter ended December 31, 2003, as compared to a net profit of Rs 787.05 ...
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Oriental Bank net at Rs 457 cr
ORIENTAL Bank of Commerce (OBC) has declared a net profit of Rs 457 crore for the nine-month ended December 31, 2003, a 36-per cent increase over Rs 337 crore recorded during the same period in the previous year. The gross profit stood at Rs ...
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PNB net climbs 37 pc in Q3
PUNJAB National Bank (PNB) has recorded a net profit of Rs 259.80 crore for the quarter ended December 2003, an increase of 37.3 per cent over Rs 189.25 crore in the corresponding quarter in the previous year. During this quarter, the bank ...
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BoB net up 21 pc; to pay 30% interim
BANK of Baroda has recorded a 20.66 per cent jump in net profit for the third quarter ended December 31, at Rs 306.95 crore as compared to Rs 254.38 crore in the corresponding period of the previous year. The bank's board has declared an ...
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FINANCIAL INSTITUTIONS
IDBI net rises 17 pc
INDUSTRIAL Development Bank of India (IDBI), undergoing conversion into a commercial bank, has posted a 17-per cent increase in net profit for the third quarter ended December 31, 2003 at Rs 47 crore, up from Rs 40 crore in the corresponding ...
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IFCI losses mount in Q3
IFCI Ltd has recorded losses of Rs 1,114.64 crore for the third quarter ended December 2003, compared to a net loss of Rs 95.11 crore during the same period in the previous year. The massive increase in losses has been on account of the heavy ...
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