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Thursday, July 29, 2004

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CORPORATE RESULTS

CEMENT
Madras Cements Q1 net higher at Rs 17 cr
MADRAS Cements has registered a profit after tax of Rs 17.13 crore (Rs 10.23 crore) in the first quarter of 2004-05, up by 67.44 per cent over the corresponding period of the previous year. The increase in profit was largely on account of a ... More

Grasim Q1 net rises 68 pc
HIGHER sales volumes and realisations in all of its businesses have helped Grasim Industries report a 68 per cent increase in net profit for the quarter ended June 30, 2004. Net profit for the quarter amounted to Rs 219 crore, up from Rs 130.5 ... More

Guj Ambuja Q4 net up 49.5 pc
IMPROVED price realisation and cost efficiencies have helped Gujarat Ambuja Cements report a 49.5 per cent increase in net profit, year-on-year, for the its fourth quarter ended June 30, 2004. Net profit for the quarter amounted to Rs 117.2 ... More

PETROLEUM
ONGC net up 8 pc in first quarter
ONGC has posted an eight per cent rise in net profit at Rs 2,308.2 crore for the first quarter ended June 30, compared to Rs 2,134.54 crore recorded during the corresponding previous period. Turnover improved 31 per cent to Rs 10,387 crore (Rs ... More

PHARMACEUTICALS
Orchid Chem net down 37 pc
ORCHID Chemicals & Pharmaceuticals recorded a profit after tax of Rs 4.69 crore (Rs 7.56 crore), down by 37 per cent compared with the corresponding period of the previous year. The company's profit was negatively impacted by an increase in ... More

Aventis Pharma Q2 net profit up
AVENTIS Pharma Ltd has posted a net profit of Rs 33.4 crore for the quarter ended June 30, 2004, compared to Rs 23.3 crore for the quarter ended June 30, 2003. Total income (net of excise) increased from Rs 179.3 crore to Rs 189.2 crore. The ... More

TYRES
Ceat net plummets to Rs 37 lakh
CEAT Ltd has reported a decline in net profit at Rs 0.37 crore for the first quarter compared to Rs 6.37 crore in the year-ago period. The decline was attributed to fall in margins due to high prices of natural rubber. During this quarter, ... More

CARS
Tata Motors PAT up 122 pc — Board approves listing on NYSE
TATA Motors Ltd today reported a 122.66 per cent rise in profit after tax for the quarter ended June 30, 2004, to Rs 223.36 crore against Rs 100.31 crore posted in the previous corresponding period. The board has approved a proposal to list ... More

HCV/LCV/TRACTORS
M&M net rises to Rs 103.9 cr
MAHINDRA & Mahindra Ltd has reported a 145 per cent increase in its net profit at Rs 103.9 crore for the first quarter of 2004-05 as compared to Rs 42.5 crore in the year-ago period. The improvement in profits was due to strong sales ... More

TWO/THREE WHEELERS
TVS Motor Q1 net down at Rs 27 crore
TVS Motor Company Ltd has reported a net profit of Rs 27.18 crore on sales of Rs 611.06 crore for the first quarter of 2004-05. In the same period last year, its net profit was Rs 32.08 crore on sales of Rs 662.50 crore. The results of the ... More

HARDWARE
MRO-TEK Q1 net up 23 pc
MRO-TEK Ltd said on Wednesday that its net profits and revenues for the June quarter grew by 22.8 per cent and 22.65 per cent respectively over corresponding period last year. Net profits stood at Rs 1.40 crore on revenue of Rs 25.50 crore for ... More

SOFTWARE
NIIT Tech net jumps 6-fold
NIIT Technologies Ltd has announced a six-fold increase in its net profit for first quarter ended June 30, at Rs 13.4 crore as compared to Rs 2.2 crore in the same period previous year. During the period, the company's revenues increased 23 ... More

Polaris Q1 profit up 44 pc
POLARIS Software Ltd reported a net profit of Rs 24.09 crore for the first quarter ended June 30, 2004, compared with Rs 16.70 crore during the corresponding quarter last year — a 44.3 per cent increase. Revenues for the June 2004 ... More

SSI Q1 net zooms to Rs 3 cr
SSI Ltd has reported an increased net profit of Rs 2.98 crore on revenues of Rs 10.82 crore for the first quarter ended June 30 compared to a net profit of Rs 84.84 lakh on revenues of Rs 13.14 crore for the corresponding quarter last ... More

ALUMINIUM
Nalco's Q1 net rises 85 pc
NATIONAL Aluminium Co Ltd (Nalco) posted an 85 per cent jump in net profits for the first quarter. The company's net profit during the quarter was Rs 219.03 crore as against Rs 118.35 crore during the corresponding period last year. Sales ... More

PAINTS
Asian Paints net up at Rs 33.45 cr
ASIAN Paints (India) Ltd has reported a higher net profit of Rs 33.45 crore for the first quarter of 2004-05 compared to Rs 28.79 crore in the year-ago period. Net sales rose to Rs 415.20 crore from Rs 379.33 crore. This increase was attributed ... More

PRIVATE BANKS
IndusInd Bank net at Rs 45 cr
INDUSIND Bank has recorded a net profit of Rs 45.48 crore in the first quarter ended June 30, 2004 against a net profit of Rs 24.64 crore in the corresponding period the previous year. The current results of the bank include the financial ... More

PUBLIC SECTOR BANKS
PNB first-quarter net up 28 pc
PUNJAB National Bank has declared a net profit Rs 322.67 crore for the first quarter ended June 30, 2004, against Rs 251.76 crore in the corresponding period last year, a growth of 28.2 per cent. Its operating profit touched Rs 800.99 crore, ... More

OBC net rises 27 pc
ORIENTAL Bank of Commerce has recorded a net profit of Rs 181 crore for the quarter ended June 30, 2004, a 27 per cent rise over the net of Rs 142 crore in the corresponding period in the previous year. The total business of the bank has risen ... More




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