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Tuesday, January 25, 2005

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CORPORATE RESULTS

CHEMICALS


Mangalore Chemicals to set up met coke unit — Shriram group taking 45 pc in new entity
Mangalore Chemicals and Fertilizers (MCF) Ltd will set up a metallurgical coke manufacturing facility of 4.5 lakh tonne per annum capacity at its existing plant site in Mangalore. A press release said here that the company is setting up the ... More

ENGINEERING


L&T net up 30 pc in third quarter on higher sales
LARSEN & Toubro has reported a 30 per cent increase in net profit and a 32 per cent increase in gross sales for the quarter ended December 31, 2004. Net profit for the quarter amounted to Rs 132.35 crore against Rs 101.80 crore reported for the . More

Shanthi Gears net, sales rise
SHANTHI Gears Ltd (SGL) has recorded a near 60 per cent jump in sales and a similar increase in net profit in the third quarter of current fiscal compared with the corresponding period during last year. The company's gross sales and net profit ... More

FERTILISERS


Indo Gulf Fertilisers net drops 22.7 pc
MUMBAI: Indo Gulf Fertilisers Ltd has reported 22.7 per cent drop in third quarter net profit at Rs 17.85 crore compared with Rs 23.10 crore in the year-ago period. Higher cost of production due to an increase in the packaging cost and ... More

Godavari Fertilisers net up
HYDERABAD: Godavari Fertilisers and Chemicals Ltd has recorded a growth both in net sales and post-tax profit for the third quarter of current fiscal ended December 2004. While net sales improved to Rs 336.32 crore from Rs 224.4 crore ... More

HOTELS


Indian Hotels net doubles in Q3
A STRONG growth in average room rents and occupancies helped The Indian Hotels Company Ltd (IHCL) post a 111 per cent growth in net profit at Rs 35 crore in the third-quarter ended December 31, 2004, against Rs 16.60 crore in the corresponding ... More

PETROLEUM


CPCL net down marginally
CHENNAI Petroleum Corporation Ltd has reported a net profit of Rs 98.26 crore for the quarter ended December 31, 2004, against Rs 105.26 crore in the corresponding period of last year. The results partly reflect the interest and depreciation ... More

PHARMACEUTICALS


Five-fold rise in Ind-Swift profit
NEW DELHI: Ind-Swift Ltd has posted a five-fold rise in net profit at Rs 14.52 crore for the quarter ended December 31, 2004 compared to Rs 3.17 crore in the year-ago period. Total income increased 38.38 per cent at Rs 74.64 crore for ... More

SHIPPING


Essar Shipping profit zooms
MUMBAI: Essar Shipping Ltd has recorded a 191 per cent increase in net profit during the third quarter of the current fiscal to touch Rs 107.24 crore as against Rs 36.84 crore for the corresponding quarter of last fiscal. The company's ... More

SUGAR


Andhra Sugars Q3 net up 56 pc
HYDERABAD: ANDHRA Sugars Ltd has registered a growth of 18.29 per cent in turnover and 56.01 per cent in net profit for the third quarter ended December 2004 of the current fiscal. The turnover increased to Rs 120.21 crore, from Rs ... More

TEA


Tata Tea Q3 net rises 76% on higher volumes
TATA Tea Limited (TTL) on Monday reported a 76.23 per cent rise in profit after tax to Rs 27.44 crore for the quarter ended December 31, 2004, from the previous corresponding Rs 15.57 crore. Its income from operations was up 18.34 per cent to ... More

TEXTILES


Century Textiles Q3 net jumps to Rs 32 cr
DESPITE a huge rise in raw material costs and power and fuel costs, Century Textiles net profit rose 254 per cent to Rs 31.86 crore (Rs 9 crore) in the quarter ended December 31, 2004, over the year-ago period. Part of the reason perhaps is ... More

Century Enka net falls 74 pc to Rs 4 crore
CENTURY Enka's net profit for the quarter ended December 2004 fell 74 per cent to Rs 4.03 crore (Rs 15.47 crore in the year-ago period), because of a 40-day strike by workers at its Pune plant in November 2004. A steep rise in raw material ... More

Himatsingka Seide net down by 13 pc
BANGALORE: Silk fabrics and yarn exporter Himatsingka Seide Ltd has reported a 13 per cent drop in net profit even as its sales grew by 7 per cent during the quarter ended December 31, 2004 over the corresponding period the previous year. ... More

BREWERIES


Radico net up 60 pc in Q3
DESPITE a sharp rise in the cost of molasses, liquor manufacturer Radico Khaitan said on Monday that its profit in the third quarter of the current fiscal has increased by 60 per cent to Rs 10.95 crore compared with Rs 6.85 crore in the ... More

PERSONAL PRODUCTS


Marico PAT up 20% at Rs 17.7 cr
MARICO Industries Ltd in its consolidated operations has turned in a 20 per cent increase in profit after tax at Rs 17.7 crore. Turnover grew by 12 per cent to Rs 260 crore. Sustained volume growth, especially in the high margin portfolio, ... More

CARS


Maruti Q3 net zooms 70 pc
DESPITE pressure from rising costs of key raw materials, passenger car leader Maruti Udyog Ltd on Monday announced a 70.3-per cent jump in net profit to Rs 239.66 crore in the October-December 2004 quarter compared with Rs 140.75 crore in the ... More

HCV/LCV/TRACTORS


Mahindra PAT up 52 pc
MAHINDRA & Mahindra Ltd (M&M) has reported a 52.34 per cent rise in profit after tax, for the quarter ended December 31, 2004, to Rs 133.18 crore from the previous corresponding Rs 87.42 crore. Its net sales / income from operations was up . More

REAL ESTATE & CONSTRUCTION


Hindustan Construction Co PAT up by 27 pc
NEW DELHI: Hindustan Construction Co Ltd has registered a 27-per cent increase in profit after tax (PAT) for the quarter ended December 31, 2004 at Rs 12.49 crore. The company achieved a turnover of Rs 377.95 crore which is 22 per cent ... More

PRIVATE BANKS


Kotak Mahindra Bank net at Rs 19 cr
KOTAK Mahindra Bank has recorded a net profit of Rs 19.10 crore for the third quarter ended December 31, 2004, against Rs 18.95 crore in the previous year. Bank officials ascribed the flat growth in the bank's net profit to lower earnings in ... More

PUBLIC SECTOR BANKS


IOB net profit up 13.5 pc in Q3
INDIAN Overseas Bank's net profit for the third quarter of the current year increased 13.5 per cent over the corresponding period of last year, mainly because of lesser provisioning. Total income increased by Rs 12.60 crore — the rise in ... More

Syndicate Bank posts Rs 78-cr loss in Q3
SYNDICATE Bank has recorded a net loss of Rs 78.11 crore for the quarter ended December 31, 2004, against Rs 89 crore net during the corresponding period for the previous fiscal. The bank, however, had showed a growth of 20 per cent in its ... More

Canara Bank Q3 net down 27%
CANARA Bank reported a net profit of Rs 273.93 crore for the third quarter of this financial year, 26.91 per cent down from the corresponding quarter of the previous year. Briefing reporters, Mr V.P. Shetty, Chairman and Managing Director of ... More

SBT 9-mth operating profit up by 10.18 pc
STATE Bank of Travancore (SBT) has recorded a 10.18 per cent rise in the operating profit for the nine months of the current financial year ended December 31, 2004. The operating profit was at Rs 604.58 crore as against Rs 548.76 crore during ... More



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In Depth

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Looking back
Jan. 16-Jan. 22
Tata Chem Q3 PAT up 63.29 per cent

HCL Info Q2 net rises 13.5 pc

Bajaj Auto Q3 PAT up at Rs 182.7 cr

Reliance Energy Q3 net rises 152%

Biocon Q3 net rises 44 pc

Satyam Q3 net rises 20 pc; ups guidance

ACC net rises 138 pc in Q3 to Rs 53 crore


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