Financial Daily from THE HINDU group of publications
Saturday, July 27, 2002
Markets (July 26)
BL 2501068.53 (-25.10)
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Dollar (Buy/Sell)48.64/48.77
Gold Std (10 gm)5140 (-20)

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TELECOMMUNICATIONS


MBT net profit up 69 pc
MUMBAI: Mahindra British Telecom (MBT) has posted a net profit of Rs 44.9 crore in the first quarter ended June 30, 2002, up 63 per cent over the net profit reported in the corresponding quarter last year. According to the company, ... More

CONSUMER ELECTRONICS


Philips posts profit in Q2
PHILIPS India Ltd has posted a net profit of Rs 13.4 crore for the second-quarter ended June 30, 2002 compared to a loss of Rs 8.7 crore in the corresponding period last year. Net sales stood at Rs 393.39 crore (Rs 360.96 crore). Total income ... More

FOOD & DAIRY PRODUCTS


Parry Confectionery net loss at Rs 1.15 cr
PARRY Confectionery Ltd has declared a net loss of Rs 1.15 crore on a total income of Rs 19.99 crore for the three months ended June 30, 2002 as against a net loss of Rs 2.09 crore on a total income of Rs 22.53 crore for the corresponding period ... More

PETROLEUM


Post-APM pressure tells on HPCL in first quarter — Profit dips 28 pc to Rs 116.62 cr
PRESSURE to maintain retail prices of diesel and petrol at lower than international prices despite decontrol has resulted in a 28 per cent fall in Hindustan Petroleum Corporation Ltd's net profit for the first quarter this fiscal. HPCL has ... More

Gujarat Gas Q2 net at Rs 9.94 cr
GUJARAT Gas Company Ltd (GGCL) has posted a net profit of Rs 9.94 crore, registering a 42.35 per cent fall in the second quarter of the current fiscal (January-December). The company had posted a net profit of Rs 17.24 crore in the corresponding ... More

POWER


Tata Power Q1 net profit down 3.28%
TATA Power Company Ltd has reported a 3.28 per cent fall in net profit for the first quarter ended June 30, 2002. Profit after tax for the quarter was Rs 83.73 crore as against Rs 86.57 crore for the same period last year. Net sales ... More

TYRES


Ceat posts Rs 5.95-cr net in first quarter
CEAT Ltd, the RPG group tyre company that achieved a turnaround in the last fiscal, is targeting a Rs 1,500-crore sales turnover (over a 10 per cent growth) in the current year. The company has reported a net profit of Rs 5.95 crore for the ... More

CIGARETTES


ITC's agri-business boosts net 15 pc in Q1
ITC Ltd's post-tax profit for the first quarter ended June 30, 2002, has grown 15.2 per cent to Rs 343.92 crore as against Rs 298.44 crore in the corresponding period of the previous financial year. The pre-tax profits increased by 15.6 per cent ... More

AUTOMOBILE COMPONENTS


Samkrg Pistons Q1 sales, net up
SAMKRG Pistons and Rings Ltd (SPRL), manufacturer of pistons and rings for automobiles, has registered a growth both in sales turnover and net profit for the first quarter of the current fiscal year ended June 30, 2002. According to the ... More

HCV/LCV/TRACTORS


Leyland rides Q1 on higher turnover
ASHOK Leyland has reported a net profit of Rs 9.74 crore for the first quarter of the current year, compared to a net loss of Rs 9.4 crore in the corresponding period of last year. Sales increased 11.4 per cent by value and 19.2 per cent by ... More

REAL ESTATE & CONSTRUCTION


Hind Construction Q1 net at Rs 9.9 crore
HINDUSTAN Construction Company Ltd (HCC) has reported a net profit of Rs 9.90 crore for the first quarter ended June 30, 2002. The company changed its accounting year to April-March from June-July in 2001-02. The figures for the previous ... More

HARDWARE


TVS-E doubles profit in Q1
TVS Electronics has almost doubled its net profit to Rs 48 lakh on net sales of Rs 51.49 crore for the first quarter ended June, 2002 as compared to a net profit of Rs 25 lakh on sales of Rs 54.11 crore in the same quarter of the previous ... More

Tata Elxsi's net, revenues down
BANGALORE: Tata Elxsi's net profits and revenues for the first quarter-ended June 30, 2002 has declined by 61 per cent and 44 per cent respectively over the preceding March quarter. Net profits for the June quarter stood at Rs 2.87 ... More

SOFTWARE


MRO-TEK Q1 profit up 50 pc
BANGALORE: MRO TEK, a networking company and last mile access solutions provider has reported a rise of 50 per cent in net profits and 31 per cent in revenues for the first quarter ended June 30, 2002 over corresponding period previous ... More

NBFCS


Ashok Leyland Fin Q1 net rises
ASHOK Leyland Finance has reported a 65 per cent increase in net profits for the first quarter ended June 2002. The company reported a profit of Rs 9.23 crore on total income of Rs 81.99 crore for the quarter. Addressing newspersons, Mr S. ... More
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