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Saturday, October 30, 2004

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CORPORATE RESULTS

DIVERSIFIED
ITC Q2 net up 13.5 pc at Rs 486 cr
ITC Ltd, for the quarter ended September 30, 2004, has recorded an increase of 13.5 per cent in its post-tax profit at Rs 485.69 crore against the Rs 427.27 crore achieved in the corresponding quarter of previous financial year. The pre-tax ... More

Eveready Q2 net up 5 pc
KOLKATA: Eveready Industries India Ltd, the flagship company of Mr B.M. Khaitan, has registered a 5 per cent growth in net profit and 7 per cent growth in gross sales during the second quarter of 2004-05 compared to the corresponding ... More

DCM Shriram PAT rises
NEW DELHI: DCM Shriram Consolidated Ltd has reported a 35 per cent increase in net revenues to Rs 445.94 crore for the second quarter of this fiscal. According to a company release, it has recorded a 31 per cent rise in PAT to Rs 17.92 ... More

FINANCIAL SERVICES
Geojit Financial net dips
KOCHI: The net profit of Geojit Financial Services Ltd fell by 21 per cent to Rs 2.6 crore (Rs 3.3 crore) for the first six months of the current year. The revenues for the first half grew by 19 per cent to Rs 17.4 crore (Rs 14.5 ... More

CEMENT
Madras Cements PAT rises to Rs 13 cr on higher sales
CHENNAI: Madras Cements Ltd has recorded a profit after tax of Rs 13.08 crore (Rs 8.67 crore) on net sales of Rs 196.05 crore (Rs 169.19 crore) in the second quarter of this financial year. The increase in net sales in the second quarter ... More

Ramco Ind PAT rises
CHENNAI: Ramco Industries recorded a profit after tax of Rs 8.91 crore (Rs 7.75 crore) in the second quarter of 2004-05, higher by 14.96 per cent in relation to the corresponding period of the previous year. The company's net sale during ... More

CHEMICALS
Chemfab to pay 25 pc interim
CHENNAI: Chemfab Alkalies Ltd has reported a turnover of Rs 2.84 crore for the second quarter ended September compared with Rs 1.67 crore in the same period last year, a growth of 70 per cent. The company's board of directors has declared ... More

PETROLEUM
HPCL net down 34% despite higher income
HINDUSTAN Petroleum Corporation Ltd has recorded a net profit of Rs 294.31 crore during the second quarter of the current fiscal ended September 30, down 33.6 per cent over Rs 443.84 crore registered during the corresponding period last year. ... More

PHARMACEUTICALS
Suven Life Q2 net dips
HYDERABAD: Suven Life Sciences Ltd (SLSL) has suffered a significant fall in net profit despite a growth in turnover for the second quarter of current fiscal ended September 30. The company has attributed this to significant increase in ... More

J.B. Chem Q2 net up 14.8 pc
MUMBAI: Despite investments in marketing expenses and human resources, J.B. Chemicals & Pharmaceuticals Ltd has posted a 14.75 per cent growth in net profit, according to a company communication issued here on Friday. The company ... More

GSK Pharma posts Rs 173-cr net
MUMBAI: GlaxoSmithKline Pharmaceuticals Ltd has posted a net profit of Rs 172.5 crore for the quarter ended September 30, 2004, against Rs 57.74 crore for the quarter ended September 30, 2003. Total income (net of excise) has increased ... More

Ajanta Pharma net climbs 58 pc
MUMBAI: Ajanta Pharma Ltd has posted a 58 per cent growth in its profit after tax at Rs 1.41 crore for the second quarter ended September 30, as compared to Rs 89 lakh in the same period in the previous year. The company has posted a ... More

Lupin net leaps to Rs 17.5 cr
MUMBAI: Lupin Ltd has posted a net profit of Rs 17.49 crore for the quarter ended September 30, 2004 compared with Rs 86 lakh for the quarter ended September 30, 2003. Total income (net of excise) has decreased from Rs 354 crore in the ... More

POWER
NTPC net up 18 pc
NEW DELHI: National Thermal Power Corporation has recorded an 18.4 per cent rise in net profit at Rs 1,094 crore during the second quarter ended September 30, 2004 against Rs 924.20 crore during second quarter of 2003. The company ... More

SHIPPING
GE Shipping Q2 net doubles to Rs 167 cr
STRONG freight market sentiments have enabled Great Eastern Shipping to post a net profit of Rs 167.18 crore in the second quarter of the current fiscal, as against Rs 80.12 crore in the corresponding quarter of last fiscal, representing an ... More

STEEL
Tata Steel forges ahead with 130 pc rise in Q2 profit
TATA Steel continued its robust performance, reporting a 130 per cent increase in net profit at Rs 929.59 crore for the second quarter of 2004-05 as against Rs 403.10 crore in the year-ago period. A richer product mix, along with improved ... More

SAIL Q2 net zooms to Rs 1,513 cr
SAIL has reported a net profit of Rs 1,513.15 crore on a total income of Rs 6,789.42 crore during the second quarter of the current fiscal. The steel major had reported a net profit of Rs 505.16 crore on a total income of Rs 5,116.25 crore in the ... More

TEA
Tata Tea net rises
TATA Tea Ltd (TTL) today reported a profit after tax of Rs 53.20 crore for the quarter ended September 30 against Rs 34.96 crore during the corresponding previous period. Income from operations stood at Rs 234.91 crore (Rs 201.68 crore). "Tata ... More

TEXTILES
Arvind Mills net plunges 17 pc despite higher sales
A 14 per cent rise in sales could not sustain the profitability levels for the Ahmedabad-based Arvind Mills Ltd as its net profit fell by 17 per cent during the second quarter of the fiscal. Arvind's net profit stood at Rs 20.14 crore against ... More

CARS
Tata Motors Q2 PAT rises 49.6 pc
TATA Motors Ltd on Friday reported a 49.6 per cent rise in profit after tax for the quarter ended September 30, 2004, to Rs 309.21 crore as against the previous corresponding Rs 206.68 crore. The operating margin at 12.5 per cent (13.8 per ... More

AIR-CONDITIONERS & REFRIGERATORS
Hitachi India registers profit
MUMBAI: Hitachi Home & Life Solutions India managed to turn the corner with a net profit of Rs 0.2 crore during the quarter ended September 30, 2004 against a net loss of Rs 2.19 crore in the previous comparable quarter. Net sales during ... More

REAL ESTATE & CONSTRUCTION
IVRCL net up to Rs 8.13 cr in Q2
IVRCL Infrastructures & Projects Ltd has posted an income of Rs 188.16 crore and a net profit of Rs 8.13 crore for the quarter ended September 30. The company's income had declined but its profit had increased when compared to the income of Rs . More

Madhucon net, turnover up
HYDERABAD: Infrastructure development company Madhucon Projects Ltd has achieved a turnover of Rs 75.30 crore for the second quarter ended September 30, as against Rs 61.36 crore in the corresponding period last year, registering an ... More

SOFTWARE
i-flex Q2 net down 28.7 pc
I-FLEX Solutions Ltd has reported a 28.7 per cent decrease in net profit for the quarter ended September 30 largely on account of a steep increase in cost of revenues. Net profit amounted to Rs 37.27 crore, down from Rs 52.2 crore during the ... More

i2 Tech Q3 income down to $111 m
I2 TECHNOLOGIES Inc reported revenues of $111 million for the third quarter ended September 30, compared to $117 million recorded during the third quarter 2003. While licence revenue stood at $17 million, development services revenue amounted to ... More

ALUMINIUM
Market mix shift drives Hindalco Q2 profit up 10%
HINDALCO Industries Ltd ended the second quarter of 2004-05 with a 10 per cent increase in net profit at Rs 250.3 crore compared with Rs 227.7 crore in the year-ago period. Net sales moved up by 38.2 per cent to Rs 2,046 crore (Rs 1,480.9 ... More

Nalco clocks all-time high Q2 net profit
NALCO has achieved its highest-ever quarterly net profit of Rs 275.50 crore for the second quarter ended September 30. The figure is an increase of 47 per cent over the corresponding previous period's Rs 187.18 crore. According to the unaudited ... More

METALS
NMDC turnover, net up
HYDERABAD: The National Mineral Development Corporation (NMDC) has posted a turnover of Rs 915.2 crore and a net profit of Rs 310.2 crore during the first half of the current fiscal, against a turnover of Rs 537.4 crore and a profit of Rs ... More

BIO-TECH & GENETICS
Krebs Bio profit dips
HYDERABAD: Krebs Biochemicals & Industries Ltd (KBIL), the Hyderabad-based biopharmaceuticals company, has suffered a fall both in turnover and net profit for the second quarter of the current fiscal ended September 30. While the ... More

CYCLES & ACCESSORIES
Tube Investments Q2 net doubles
TUBE Investments of India has reported a net profit of Rs 12.22 crore for the second quarter ended September compared with Rs 6.05 crore in the same quarter last year, despite a sharp increase in the prices of the key raw material — ... More

WATCHES & ACCESSORIES
Timex Watches registers profit on higher sales
NEW DELHI: Timex Watches Ltd has announced cash profit of Rs 74 lakh for the quarter ended September 2004 against a loss of Rs 3.2 crore for the corresponding period last year. The company's revenue for the period was Rs 18.9 crore, a ... More

PRIVATE BANKS
IDBI Bank Q2 net at Rs 38 cr
IDBI Bank recorded a net profit of Rs 37.7 crore for the quarter ended September 30, 2004, as compared to Rs 36.2 crore in the corresponding quarter previous fiscal. The bank made a provision of Rs 25.3 crore consequent to transfer of ... More

Karnataka Bank Q2 profit slips
MANGALORE: Karnataka Bank Ltd has registered a net profit of Rs 31.28 crore in the second quarter of the current financial year compared to Rs 34.43 crore during the same period last year. The Chairman and Chief Executive Officer of the ... More

PUBLIC SECTOR BANKS
BoI Q2 profit down 78 pc
HIGHER provisioning led to a 78 per cent dip in Bank of India's net profit for the second quarter ended September 30, 2004, at Rs 49.54 crore as against Rs 226.76 crore in the corresponding period the previous year. During the second quarter, ... More

PNB net up at Rs 735 cr in H1
NEW DELHI: PUNJAB National Bank (PNB) has registered a net profit of Rs 735.22 crore for the six-month period ended September 30, 2004, a 33.3 per cent growth over the corresponding period last year. The total business of the bank stood ... More

Oriental Bank net rises 29%
NEW DELHI: Oriental Bank of Commerce has registered a 29 per cent increase in net profit to Rs 395.41 crore for the first six months ended September 30, 2004, against Rs 305.17 crore in the same period last year. The total income stood ... More




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Oct. 17-Oct. 23
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