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Wednesday, January 30, 2002

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TELECOMMUNICATIONS


Tata Tele Q3 net up 89 pc
TATA Telecom Ltd has announced an 89 per cent growth in net profit — at Rs 3.46 crore — for the third quarter ended December 31, as compared to the net profit of Rs 1.83 crore in the corresponding quarter of the previous ... More

CONSUMER ELECTRONICS


BPL Q3 net down 42.64%
BPL Ltd has posted a 42.64 per cent decline in net profit for the third quarter compared to the same period last year. The company has attributed the decline mainly to the drop in home appliances sales. Net profit for the quarter ended December ... More

ELECTRONICS


Bharat Electronics posts profit
BANGALORE: Bharat Electronics Ltd has a made a net profit of Rs 25.75 crore (Rs 23.63 crore) out of a total income of Rs 403.40 crore (Rs 314.07 crore) during the quarter ended December 31, 2001. The quarterly results were taken on ... More

ENGINEERING


BHEL nets Rs 80.15 cr profit
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has posted a net profit of Rs 80.15 crore on a turnover of Rs 1,609.8 crore for the quarter ended December 2001 as against a net loss of Rs 197.96 crore on a turnover of Rs 1,388.78 crore ... More

HOTELS


88 pc drop in EIH profit
NET profit of EIH Ltd, a member of the Oberoi group, for the quarter ended December 31, 2001, has plunged to Rs 3 crore from Rs 25.36 crore in the corresponding quarter of the previous financial year, a drop of nearly 88 per cent. Net sales also ... More

PETROLEUM


Gulf Oil posts Q3 net loss
MUMBAI: The downtrend in the lubes industry continued to affect the profits of Gulf Oil India Ltd which has reported a net loss of Rs 1.96 crore for the third quarter ended December 31, 2001 against a net profit of Rs 1.22 crore for the ... More

PHARMACEUTICALS


Exports a shot in arm for Ranbaxy; net at Rs 240 cr
RANBAXY Laboratories Ltd (RLL) is reaping the fruits of its research initiatives and efforts in key global markets, with its global subsidiaries clocking profits for the first time in 2001. RLL's net profit after extraordinary items, tax and ... More

Dr Reddy's Q3 net rises over five-fold
BUOYED by the market exclusivity of Fluoxetine 40mg and international sales of branded formulations, Dr Reddy's Laboratories Ltd has registered a growth of 70 per cent in sales turnover and 369 per cent in net profit for the third quarter ended ... More

Pfizer to pay 50%
Pfizer India Ltd has registered a marginal increase in net profit at Rs 11.39 crore for the quarter ended November 30, 2001 against Rs 10.68 crore in the corresponding period last year. The board of directors of the company has recommended a ... More

POWER


BSES net up 14%
HIGHER energy sales have enabled the Mumbai-based power company BSES Ltd to better its bottomline in spite of a fall in the EPC contract business. BSES has reported a 14-per cent jump in net profit at Rs 86.79 crore (Rs 76.87 crore) for the ... More

CESC losses in Q3 mount
POOR tariff revision along with higher power purchase price and increased costs have led to a Rs 39-crore increase in costs for CESC Ltd during the third quarter of the current fiscal. The CESC board said that the figures might undergo changes ... More

STEEL


Jindal Strips net dips
Jindal Strips Ltd has reported a fall in net profit to Rs 12.68 crore for the third quarter against Rs 18.01 crore in the year-ago period. The decline has been attributed to higher interest of Rs 6 crore and depreciation of Rs 10 crore as the ... More

TEXTILES


Precot Mills slips into red
COIMBATORE: Precot Mills has posted a net loss of Rs 30 lakh on the total sales of Rs 45.85 crore for the quarter ended December 31, 2001 as against a marginal net loss of Rs 5 lakh it suffered during the second quarter of 2001-2002 fiscal. ... More

HCV/LCV/TRACTORS


M&M turns around in Q3 with Rs 24.32-cr profit
AFTER reporting losses in the first two quarters of the current fiscal, Mahindra & Mahindra Ltd (M&M) has been able to reverse the trend for the third quarter (October-December 2001) with a net profit of Rs 24.32 crore (Rs 43.81 crore). "Cost ... More

Eicher Motors net up at Rs 5.87 cr
NEW DELHI: Small truck manufacturer, Eicher Motors Ltd, on Tuesday said improved vehicle sales helped its net profit improve a tad to Rs 5.87 crore in October-December quarter compared with Rs 5.55 crore a year earlier. The company, in a ... More

SOFTWARE


Tata Infomedia net dips
MUMBAI: Tata Infomedia Ltd has posted 17.62 per cent drop in its net profit at Rs 2.65 crore for the third quarter ended December 2001 compared to the net profit of Rs 3.22 crore in same period the last fiscal. Net sales for the period ... More

IT TRAINING


NIIT slips into red in Q1
COMPUTER training and software major, NIIT, slipped into the red for the first time in years, by posting a net loss of Rs 13.5 crore for the first quarter ended December 31, 2001 over a net profit of Rs 34.3 crore in the same period last ... More

NBFCS


Reliance Cap net up
RELIANCE Capital Ltd has posted a 14-per cent increase in net profit at Rs 25.59 crore against Rs 22.39 crore in the corresponding period last year. For the nine months ended December 31, 2001, net profit has risen to Rs 75.43 crore as compared ... More

Sundaram Finance net down 15 pc
CHENNAI: Sundaram Finance Ltd has reported a 15 per cent drop in net profit and a 2.6 per cent fall in income from operations for the quarter ended December 31, 2001, over the corresponding period last year. It had a net profit of Rs ... More

Tata Fin posts loss
TATA Finance Ltd has posted a net loss of Rs 55.77 crore in the quarter ended December 31, 2001 as compared to a net profit of Rs 10.28 crore in the same period last year. Total income is at Rs 127.11 crore as compared to Rs 152.11 crore. The ... More

PRIVATE BANKS


Centurion Bank posts Rs 26-cr loss
MUMBAI: Lower income (both interest income and income from investments) and higher provisioning in the third quarter pushed Centurion Bank Ltd deep into the red. The bank has reported a net loss of Rs 26.04 crore for the quarter ended ... More

IndusInd net up marginally
MUMBAI: IndusInd Bank has posted a marginal rise in net profit at Rs 16.50 crore for the third quarter ended December 31, 2001, as compared to Rs 16.33 crore in the corresponding period in the previous year. Total income was at Rs ... More

GTB net sinks on provisioning
HYDERABAD: Global Trust Bank (GTB) has registered a fall of 12.27 per cent in total income and 74.12 per cent in net profit for the third quarter of current fiscal year ended December 31, 2001. Though both the operating expenses and ... More

Federal Bank net rises 45 pc
KOCHI: The net profit of the Aluva-based Federal Bank grew by 45 per cent to Rs 64.05 crore (Rs 44.18 crore) during the first nine months of the current fiscal. The gross profit grew by 90 per cent, a fax from the bank said. The ... More

PUBLIC SECTOR BANKS


Vijaya Bank net zooms 172 pc
BANGALORE: Vijaya Bank reported a net profit of Rs 44.05 crore in the quarter ended December 31, 2001, up 172.6 per cent from Rs 16.16 crore for the same period a year ago. The bank's net profit shot up by 43.06 per cent sequentially ... More

BoB net crawls up
MUMBAI: Bank of Baroda has reported a five per cent rise in net profit at Rs 158.13 crore for the third quarter ended December 31, 2001, as compared to Rs 150.79 crore in the corresponding period in the previous year. According to the ... More

FINANCIAL INSTITUTIONS


IDBI third-quarter net plunges 77 pc
INDUSTRIAL Development Bank of India (IDBI) has taken a hard knock on its bottomline with net profit for the third quarter plunging to less than a fourth compared year on year. The institution's total assets have also contracted three per cent ... More

BROADBAND


Sterlite net down 3.5 pc at Rs 36.31 cr
STERLITE Industries (India) Ltd has reported a 3.5-per cent decline in its net profit at Rs 36.31 crore for the second quarter ending December 31, 2001 from Rs 37.63 crore in the year-ago period. Sales moved up to Rs 842.62 crore (Rs 736.67 ... More
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