CORPORATE RESULTS
DIVERSIFIED
Reliance Industries Q1 net rises 30 pc
RELIANCE Industries Ltd (RIL) has reported a 30 per cent increase in net profit at Rs 1,437 crore (Rs 1,104 crore) for the first quarter ended June 30, 2004. Net sales were up 14.23 per cent at Rs 14,280 crore (Rs 12,501 crore). Earnings per ...
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DSCL Q1 PAT up at Rs 14.7 cr
DCM Shriram Consolidated Ltd (DSCL) has reported a profit after tax (PAT) of Rs 14.70 crore for the quarter ending June 2004 compared to Rs 12.15 crore reported during the same quarter last fiscal. The company's gross sales went up by 31 per ...
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AIRLINES
Jet Airways posts 12-14 pc growth in traffic
JET Airways has recorded a 12-14 per cent growth in traffic during the first four months of the current fiscal over the same period last year. According to Mr Peter Luethi, Chief Operating Officer, seat loads during the four months beginning ...
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CEMENT
Kesoram Ind to hike cement capacity
THE board of the B.K. Birla flagship company, Kesoram Industries, has decided to increase cement output capacity by one million tonne at its unit located at Sedam in Karnataka with a captive power plant at an approximate cost of Rs 3.75 ...
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Visaka Industries net up at Rs 2.7 crore
VISAKA Industries Ltd (VIL), the manufacturer of asbestos cement products and synthetic blended yarn, has posted a turnover of Rs 54.96 crore and a net profit of Rs 2.79 crore during the first quarter of the current fiscal. The company's board ...
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ENGINEERING
Kennametal Widia back in black; posts Rs 24.8-cr net
ENGINEERING firm Kennametal Widia India Ltd has swung back to black, as its net profit was Rs 24.8 crore during 2003-04 compared to a net loss of Rs 46.7 crore a year ago. The company reported a total income of Rs 230.9 crore in its 12-month ...
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Ingersoll Q1 net down 36 pc
INGERSOLL Rand India Ltd said its net profit for first quarter of the current financial year slid 36.49 per cent to Rs 7.03 crore from Rs 11.07 crore a year ago. Total income also fell 6.4 per cent to Rs 103.25 crore (Rs. 110.32 crore). ...
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PHARMACEUTICALS
Dr Reddy's Q1 net falls 78 pc to Rs 17.3 crore
DR Reddy's Laboratories Ltd has suffered a fall of 78 per cent in its net profit at Rs 17.3 crore during the first quarter ended June 30 from Rs 79.2 crore in the corresponding quarter of previous fiscal. Significant increase in expenses ...
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Jubilant net up at Rs 28.2 cr; net sales up 46 pc
JUBILANT Organosys Ltd has reported a profit after tax (PAT) of Rs 28.2 crore for first quarter of the current fiscal marking an increase of 107 per cent over the same period last year. The company's total net sales increased by 46 per cent ...
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STEEL
Jisco Q1 net profit doubles
JINDAL Iron & Steel Company Ltd (Jisco) has ended the first quarter of 2004-05 with a 127 per cent increase in net profit at Rs 46.07 crore from Rs 20.31 crore in the year-ago period. Higher volumes, improved export turnover and better ...
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Jindal Vijayanagar Q1 net profit up at Rs 54.89 crore
DESPITE rise in input costs, margins moved up helping Jindal Vijayanagar Steel Ltd (JVSL) report a 139 per cent increase in net profit at Rs 54.89 crore for the first quarter ended June 30, 2004, against Rs 22.92 crore in the year-ago ...
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TEXTILES
Indian Rayon Q1 net declines 3.2 pc
INDIAN Rayon and Industries Ltd has reported a 3.2 per cent decline in its net profit at Rs 20.87 crore for the first quarter of 2004/2005 against Rs 21.56 crore in the year-ago period. The company said it has provided an additional deferred ...
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AUTOMOBILE COMPONENTS
Bharat Forge nets Rs 34 crore
BHARAT Forge Ltd today reported a net profit of Rs 34 crore for the quarter ended June 30, 2004, as against the previous corresponding Rs 26.31 crore. Total net sales/income from operations was Rs 256.79 crore (Rs 186.07 crore for the year ago ...
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SOFTWARE
NIIT net profit rises 12-fold
DRIVEN by growth in enrolments and higher international revenues, NIIT Ltd on Tuesday reported a 12-fold increase in its net profit for the quarter ended June, 2004 at Rs 7.5 crore compared to Rs 0.6 crore in the same period previous year. Its ...
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Hughes Soft net up 63% in Q1; eyes buys
HUGHES Software Systems has registered a 63 per cent growth in its net profit for quarter ended June, 2004 at Rs 24.7 crore. It has said it is eyeing acquisition of Indian or overseas firms in Business Process Outsourcing (BPO) and Telecom ...
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Hexaware net surges; launches BPO arm
MOMENTUM in client ramp-ups and increased repeat business have resulted in a 379.8 per cent surge in net profits at Rs 14.2 crore for Hexaware Technologies for the second quarter-ended June 30 as compared to Rs 2.9 crore recorded during the ...
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Hinduja TMT Q1 net up 10 pc
BANGALORE: Hinduja TMT posted a total income of Rs 45.34 crore for the first quarter ended June 30, up 30 per cent from Rs 34.94 crore a year ago. The net profit for the period grew by 10 per cent to Rs 18.98 crore against Rs 17.23 crore ...
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Tata Infotech net at Rs 13 cr
MUMBAI: Tata Infotech Ltd has posted a net profit of Rs 13.1 crore for the quarter ended June 30, 2004 as compared to Rs 12 crore recorded during the quarter ended June 30, 2003 marking, a 9.1 per cent increase in net profit. Total ...
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Infotech Enterprises profit up 132%
HYDERABAD: Infotech Enterprises Ltd has recorded revenues of Rs. 57.92 crore and a net profit of Rs 4.76 crore for the first quarter ended June 30 2004, an increase of 49 per cent in revenues and 132 per cent in net profit over ...
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Patni Computer Q2 income up at Rs 61.8 cr
PATNI Computer Systems has recorded a net income of Rs 61.8 crore for the quarter ended June 30, 2004 compared to Rs 39 crore posted during the previous year's corresponding quarter. The company's revenues of Rs 366.7 crore (Rs 277 crore) ...
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Kale Consultants net falls 37 pc
KALE Consultants Ltd has recorded a 37 per cent drop in net profit at Rs 15 lakh for the quarter ended June 30, 2004 compared to Rs 25 lakh registered in the corresponding quarter of the previous year. "Last year, it must be understood that we ...
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HOUSING FINANCE
Dewan Housing Q1 net up 23 pc
DEWAN Housing Finance Corporation Limited has announced an increase of 23 per cent in net profit, year-on-year, for the quarter ended June 30, 2004. Net profit increased to Rs 5.61 crore (Rs 4.56 crore). Income from operations rose to Rs 35.28 ...
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PUBLIC SECTOR BANKS
SBI first quarter net up 17.55 pc
STATE Bank of India has recorded a 17.55 per cent growth in net-profit for the first quarter ended June 30, 2004, at Rs 1,058.40 crore as against a net profit of Rs 900.36 crore in the corresponding period in the previous year. However, the ...
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BoB net profit up 20 pc in Q1
BANK of Baroda has recorded a 19.85-per cent increase in net profit at Rs 292.99 crore in the first quarter of the fiscal ended June 30, 2004, against a net profit of Rs 244.47 crore in the corresponding period the previous year. Total income ...
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Marginal drop in SBI income in Q1
STATE Bank of India's total income during the quarter dropped to Rs 9,205.2 crore from Rs 9,523.2 crore in the corresponding period, the previous fiscal. Net interest income of the bank rose by 10.03 per cent to Rs 2,954.07 crore (Rs 2,684.69 ...
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Vijaya Bank net rises 20 pc; provisioning up
THE State-owned Vijaya Bank reported a net profit of Rs 97.55 crore first quarter of the current fiscal, up 20.58 per cent from Rs 80.90 crore a year ago. Total income of the bank crept up 1.3 per cent to Rs 610.50 crore from Rs 602.68 crore a ...
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