Financial Daily from THE HINDU group of publications
Saturday, July 30, 2005
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Financial Daily from THE HINDU group of publications Saturday, July 30, 2005 |
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CORPORATE RESULTS DIVERSIFIED 
ITC posts 20 pc rise in Q1 netITC Ltd's post-tax profit for the quarter ended June 30, 2005 has recorded a growth of 20 per cent to Rs 558.30 crore, against Rs 464.88 crore in the corresponding quarter of the previous financial year. The pre-tax profit at Rs 830.14 crore (Rs ... More
JK Corp net up 23 pc TELECOMMUNICATIONS VSNL Q1 net stagnant on higher expenditure HIGHER operating expenses, salary costs, and tax provisioning nullified the 15 per cent revenue growth at VSNL, leading to flat growth in the company's net profit for the first quarter ended June 30. Net profit was reported at Rs 127 crore (Rs ... More AUTOMOBILES 
Tata Motors Q1 net up 22 pc — Ravi Kant appointed Managing DirectorTATA Motors has reported 22.08 per cent rise in profit after tax for the quarter ended June 30 to Rs 272.67 crore from Rs 223.36 crore in the corresponding previous period. The company also announced that Mr Ravi Kant has been appointed as ... More CHEMICALS Hikal posts 37 pc rise in Q1 net profit HIKAL has begun to reap the benefits of its entry into the US pharmaceutical markets, the company said announcing its performance figures for the first quarter or three months ended June 30, 2005. The company has posted a 37 per cent growth in ... More ENGINEERING Alfa Laval posts higher net at Rs 19.65 cr; MD quits SWEDISH multinational Alfa Laval India's Managing Director of eight years, Mr Satish Tandon, has resigned. The Alfa Laval UK Managing Director, Mr Nish Patel, has been appointed Managing Director of the company with effect from October 17, a ... More
BHEL Q1 net zooms PETROLEUM 
PSU oil cos in the red — IOC suffers Rs 54-cr Q1 lossFOR the first time, IOC, the country's largest refiner, has reported a net loss. First-quarter results released today showed a net loss of Rs 54.23 crore, compared with net profit of Rs 1,472 crore during the corresponding previous ... More
Gujarat Gas net rises 60 pc PHARMACEUTICALS 
Nicholas Piramal posts Rs 54-cr net in Q1DRUG major Nicholas Piramal India Ltd has posted an 11.1 per cent growth in net profit at Rs 54.13 crore for the first quarter ended June 30, compared to Rs 48.74 crore registered in the same period in the previous financial year. The growth ... More
Sun Pharma net profit up 67 pc
Divi's Labs Q1 net slips POWER CESC plans $40-m GDR; net up at Rs 45 cr CESC Ltd, the flagship company of RPG Group, has finalised a $40-million GDR (global depository receipt) issue during this year. The shares will be listed on the Luxembourg stock exchange. This will be the second GDR issue of CESC. The first ... More SUGAR Simbhaoli Sugar net up 293 pc MUMBAI: Simbhaoli Sugar Mills Ltd (SSML) has reported net profit of Rs 7.05 crore for the quarter ended June 30 from Rs 1.79 crore, up by 293 per cent over the same period last year. Net sales recorded a 50 per cent growth to Rs 136.99 ... More TEXTILES Raymond Q1 net jumps to Rs 19 cr SUBSTANTIAL growth in worsted textile, denim, and files divisions resulted in more than 500 per cent growth in net profit (including fringe benefit tax) for Raymond in the quarter ended June 30. The net profit stood at Rs 19 crore against Rs 3 ... More BREWERIES UB net up at Rs 13.83 cr UNITED Breweries (UB) has tripled its first-quarter net profit to Rs 13.83 crore from Rs 4.10 crore in the corresponding previous period. The company has reported gross profit of Rs 48.88 crore during the quarter under review, representing an ... More SOFTWARE 
i-flex net slumps to Rs 7.9 crA REDUCED licence fee revenue composition and increased infrastructure and staff strength have led to a drastic attenuation of net profit for i-flex Solutions Ltd for the quarter ended June 30, 2005. The company has reported a net profit of Rs ... More
Megasoft back in black IT TRAINING NIIT net profit rises 21% in Q1 FUELLED by an improvement in business volumes and operating efficiencies across all segments, NIIT Ltd has reported a 21 per cent rise in its consolidated net profit for the first quarter ended June 30 at Rs 13.1 crore, against Rs 10.9 crore in ... More ALUMINIUM 
Hindalco net up 38 pc at Rs 324.9 crHINDALCO Industries Ltd has reported a 37.9-per cent increase in net profit at Rs 324.9 crore for the June 2005 quarter, compared to Rs 235.6 crore in the year-ago period. The improved performance is despite a tariff cut, reduction in export ... More METALS Tinplate sales up 10 pc KOLKATA: The Tinplate Company of India Ltd (TCIL) has recorded a profit after tax of Rs 10.22 crore for the quarter ended June 30. Its sales increased by roughly 10 per cent in 2004-05 compared to that recorded in the previous year, a ... More DAIRY & DAIRY PRODUCTS Heritage Foods net at Rs 3.5 cr HYDERABAD: Heritage Foods (India) Ltd has registered a total income of Rs 70.06 crore in the quarter ended June 30, 2005, as against Rs 60.66 crore in the corresponding quarter last year. It recorded a net profit of Rs 3.53 crore (Rs ... More PRIVATE BANKS Federal Bank net rises to Rs 49 cr THE net profit of Federal Bank has grown eight per cent to touch Rs 48.68 crore (Rs 45.03 crore) during the first quarter ended June 2005. Total income grew 4.5 per cent to Rs 389.50 crore (Rs 372.46 crore), while the total expenditure grew ... More PUBLIC SECTOR BANKS 
Depreciation in G-Secs value — IOB posts 5 pc growth in Q1 profit at Rs 183 croreINDIAN Overseas Bank posted a 5 per cent growth in net profit at Rs 183 crore on a total income of Rs 1,207 crore for the first quarter ended June 30, 2005. Elaborating on the reasons for the modest growth in profits, Mr T.S. Narayanasami, ... More
BoB first-quarter net drops 46 pc
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