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Thursday, April 28, 2005

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CORPORATE RESULTS

DIVERSIFIED


Indian Rayon full-year net up 43 pc at Rs 39.5 cr
IMPROVED performance by garments and textiles has helped Indian Rayon post a 43-per cent increase in net profit at Rs 39.53 crore over Rs 27.57 crore the previous year. Net income from operations was Rs 486.95 crore. For the year ended March ... More

RICE


Lakshmi Overseas profit zooms
MUMBAI: Lakshmi Overseas Industries Ltd (LOIL), an integrated processor of non-basmati rice, has announced an 83 per cent rise in sales at Rs 134.9 crore during the fourth quarter of 2004-05, driven by an increased processing of ... More

CEMENT


Visaka Ind Q4 net up 81 pc at Rs 4.13 cr
VISAKA Industries Ltd, the city-based building products and textiles company, has registered a turnover of Rs 54.62 crore for the quarter ended March 31, 2005, as against Rs 42.20 crore in the same period last year, recording a growth of 29.41 ... More

ENGINEERING


Carborundum net up 21 pc, bonus issue at 1:1
CARBORUNDUM Universal Ltd has reported a net profit of Rs 38 crore for last year, which is 21 per cent more than its achievement of Rs 32 crore in the previous year. Sales increased to Rs 357 crore from Rs 314 crore previously. The board of ... More

PETROLEUM


Reliance Ind Q4 net climbs 62 pc — Scrip falls as Ambani dispute 'worsens'
RELIANCE Industries Ltd on Wednesday reported a 62-per cent increase in net profit for the fourth quarter ended March 2005, on the back of higher oil refining and petrochemicals margins. Net profit climbed to Rs 2,292 crore, or Rs 16.4 a share, ... More

PHARMACEUTICALS


No growth in Orchid's net profit
CHENNAI-BASED Orchid Chemicals and Pharmaceuticals has reported a net profit of Rs 31.01 crore for 2004-05, same as for the previous year. The company said in a press release that it was able to maintain profits despite a fall in turnover, which ... More

Glenmark Pharma PAT at 12.64 cr
MUMBAI: Glenmark Pharmaceuticals has reported a profit after tax of Rs 12.64 crore for the fourth quarter of 2004-05, marginally lower from the year-ago profits of Rs 12.97 crore. Sales for the quarter stood at Rs 139.11 crore (Rs ... More

TEXTILES


Indo Rama Synthetics Q4 net down 69 pc
INDO Rama Synthetics India Ltd (IRSL) on Wednesday reported a 69 per cent dip in net profit during the fourth quarter of 2004-05 at Rs 16.11 crore. This comes despite a 41 per cent growth in gross turnover during the period at Rs 624.45 ... More

Arvind Mills Q4 net doubles to Rs 53 cr
ARVIND Mills Ltd has posted a net profit of Rs 53 crore for the fourth quarter ended March 31, registering a 109 per cent rise from Rs 25 crore a year ago. Net sales for the period stood at Rs 445 crore, up 28 per cent from Rs 348 crore. The ... More

PERSONAL PRODUCTS


Gillette India profit dips
NEW DELHI: Gillette India posted about 7 per cent increase in net sales at Rs 107.55 crore for the first quarter ended March 31, 2005 even as its net profit dipped by over 14 per cent to Rs 16.87 crore. The company increased its ... More

Marico posts higher Q4 PAT at Rs 23.64 cr
HEALTHY volume growth and focus on high margin products helped Marico Ltd turn in a higher profit after tax of Rs 23.64 crore for the fourth quarter of 2004-05 against Rs 16.33 crore in the year-ago quarter. The total revenue was Rs 234.48 ... More

HCV/LCV/TRACTORS


Punjab Tractors profit jumps
NEW DELHI: Helped by the revival in the tractor market, Punjab Tractors Ltd saw its revenue jump by 28.4 per cent to Rs 235 crore in the fourth quarter of 2004-05 against Rs 183.84 crore in the previous year. The net profit, despite ... More

SOFTWARE


Patni Q1 net up 21%
PATNI Computer Systems Ltd has reported a net profit of Rs 68.23 crore for its first quarter ended March 31, 2005 compared to Rs 55.96 crore for the quarter ended March 31, 2004, an increase of 21 per cent. The company reported revenues of Rs ... More

Cognizant Q1 net rises 62 pc
COGNIZANT Technology Solutions Corporation, the US-based provider of IT services with strong offshore presence in India, has reported a net profit of $32 million on revenues of $182 million for the first quarter ended March 31, 2005, as against a ... More

Virinchi net up 59 pc
HYDERABAD: Virinchi Technologies, an e-business collaboration solutions provider, closed the financial year 2004-05 with a growth of 71.85 per cent to register turnover of Rs 18.3 crore against Rs 10.65 crore in the previous fiscal. Net ... More

Polaris Soft posts lower net
POLARIS Software Lab Ltd has reported reduced net profit of Rs 5.80 crore on revenues of Rs 196.42 crore for the quarter ended March 31, 2005 as against a net profit of Rs 10.52 crore on revenues of Rs 170.30 crore for the corresponding quarter ... More

NBFCS


Cholamandalam Investment to pay 50 pc
CHOLAMANDALAM Investment and Finance Company Ltd has reported a net profit of Rs 32.10 crore for 2004-05, up 6 per cent from Rs 30.78 crore for the previous year. The company has recommended a dividend of Rs 5 a share (50 per cent). Total ... More

PACKAGING


Paper Products profit dips
MUMBAI: Paper Products Ltd (PPL), a leading flexible packaging company, achieved gross sales of Rs 115.9 crore in the quarter ended March 31. Excluding excise duty and sales tax amounting to Rs 14.8 crore, net sales during the quarter ... More

PUBLIC SECTOR BANKS


IOB net up 27 pc
INDIAN Overseas Bank has reported a net profit of Rs 651.36 crore for the year ended March 31, 2005, against Rs 512.76 crore for 2003-04 - - a growth of 27 per cent. The bank has recommended a final dividend of Rs 1 per share (10 per ... More

Andhra Bank posts Rs 520-cr profit
AMID falling interest rates and treasury incomes, Andhra Bank has posted a net profit of Rs 520.1 crore for the fiscal 2004-05, registering a growth of 12.21 per cent over the previous fiscal. Its total business is up 25.15 per cent at Rs ... More

ENTERTAINMENT & LEISURE


UTV Software posts Rs 16.3-cr net
UTV Software in its consolidated operations has reported a net profit of Rs 16.3 crore for the full year ended March 2005 against Rs 4.7 crore the previous year. Operating revenues stood at Rs 176.8 crore (Rs 112.5 crore). UTV has reported ... More

CO-OPERATIVES


DKGO Coop Bank profit up
MANGALORE: The Dakshina Kannada Government Officers' Cooperative Bank Ltd recorded a profit of Rs 42.16 lakh during 2004-05. Addressing presspersons here on Wednesday, the Chairman of the bank, Mr K. Prakashchandra, said there has been an ... More


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