Financial Daily from THE HINDU group of publications
Friday, October 25, 2002
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CORPORATE RESULTS

DIVERSIFIED


ITC net vaults 12% in Q2 as core businesses do well
RIDING on the back of all-round growth in all its core business segments, ITC Ltd today reported a 12 per cent increase in its post-tax profit at Rs 380.5 crore for the quarter ended September 30, 2002, as against a net profit of Rs 339.28 ... More

PETROLEUM


Castrol net jumps 84 pc on higher prices, lower costs
LOWER base oil costs combined with higher sale prices of selective products led to an 84 per cent jump in the net profit of Castrol India Ltd in the third quarter ended September 30, 2002 to Rs 39.17 crore (Rs 21.30 crore). Earnings per share ... More

PHARMACEUTICALS


Dr Reddy's Q2 net drops on lower fluoxetine sales
DR Reddy's Laboratories Ltd has registered a fall in both turnover and net profit for the second quarter of the current fiscal ended September 30, 2002. The main reason for the poor performance was the absence of sales contribution from ... More

Zydus Cadila net up on higher sales, exports
GROWTH in domestic and export sales have helped Zydus Cadila to post a higher net profit of Rs 25.44 crore for the quarter ended September 2002 compared to Rs 21.8 crore during the corresponding quarter last year. The company's net sales ... More

Nicholas Piramal posts Rs 26-cr profit on higher efficiencies
NICHOLAS Piramal India Ltd (NPIL) has posted a net profit of Rs 26.1 crore for the quarter ended September 30, 2002 while net sales during the period were reported at Rs 254.3 crore. According to a company release, the figures for this quarter ... More

TEXTILES


Indian Rayon net soars on higher revenues, lower costs
HIGHER revenues and improved profitability in some of its businesses helped Indian Rayon and Industries Ltd. to more than double its net profit to Rs 37.73 crore (Rs 15.12 crore) for the second quarter of 2002-03. The businesses of VFY, ... More

SOFTWARE


Marketing revamp helps Infotech earn more
INFOTECH Entreprises Ltd has recorded higher income — Rs 30.64 crore and net profit of Rs 6.56 crore for the quarter ended September 30, 2002, as against income of Rs 23.79 crore and a profit of Rs 5.65 crore during the corresponding ... More

Kshema Q2 net rises
BANGALORE: Kshema Technologies recorded revenues of Rs 15.80 crore in the second quarter ended September 20, 2002, registering an increase of 22 per cent over the previous quarter. The company added 20 new customers in the half year. ... More

Slowdown pulls down SQL Star net
HYDERABAD: SQL Star International Ltd has registered a fall in its income and profit for the quarter ended September 30, 2002. Its income was Rs 8.22 crore and net profit Rs 0.48 lakh for the quarter against Rs11.30 crore and net ... More

TEXTILE MACHINERY


Machine tools division props up LMW net
THE machine tools division of textile machinery manufacturing major, Lakshmi Machine Works Ltd (LMW), has come to its rescue in the second quarter. Thanks to the division, LMW has been able to report a 29 per cent growth in net to Rs 9.26 ... More

PRIVATE BANKS


Bharat Overseas H1 profit at Rs 9 crore
BHARAT Overseas Bank Ltd has reported a growth of 12.5 per cent in net profit at Rs 9.02 crore (8.02 crore) for the half-year ended September 30, 2002. The gross income of the bank for the half-year was Rs 96.81 crore. The total deposits grew ... More

Retail operations boost UTI Bank net 43 per cent
HIGHER income from retail operations and fee-based activities coupled with `better' management of spreads have enabled UTI Bank to report a 42.71-per cent rise in net profit at Rs 44.17 crore for the quarter ended September 30 as against Rs 30.95 ... More

Federal Bank H1 net up 22 pc
THE net profit of Federal Bank has grown by 22 per cent to Rs 51.34 crore (Rs 42.12 crore) during the first half of the current year. The most notable achievement of the bank was in reducing the net non-performing assets to 7.36 levels from ... More

Vysya Bank Q2 net slips 18.41 pc
THE country's first foreign-owned local bank, Vysya Bank reported a net profit of Rs 18.17 crore for July-September (second quarter of the current financial year ). This was lower down by 18.41 per cent sequentially from Rs. 22.70 crore on the ... More

IDBI Bank net up on interest, fee incomes
IDBI Bank has reported a marginal rise in net profit at Rs 16 crore for the quarter ended September 30, 2002, as compared to Rs 14.7 crore in the corresponding period the previous quarter. The rise in profits has been attributed to the growth ... More

PUBLIC SECTOR BANKS


Vijaya Bank Q2 net down
THE public sector Vijaya Bank has reported a net profit of Rs 37.74 crore for the second quarter of the current financial year. For the first quarter this year, the bank had reported a net profit of Rs 40.77 crore. The reduced net profits were ... More

Union Bank net up 137 pc on savings
LOWER operating expenses and low-cost savings bank deposits enabled Union Bank of India to record a 137 per cent rise in net profit for the second quarter ended September 30,2002, according to Mr V. Leeladhar, Chairman and Managing ... More

BEARINGS, CASTINGS & FORGINGS


SKF Bearings Q3 net at Rs 7.4 cr
SKF Bearings India Ltd has reported a net profit of Rs 7.37 crore for the third quarter ended September 30, 2002 as against a net loss of Rs 2.76 crore in the corresponding period last year. Sales of the company for the period under review ... More
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