Financial Daily from THE HINDU group of publications
Thursday, July 25, 2002
Markets (July 24)
BL 2501095.18 (-17.25)
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CORPORATE RESULTS

CEMENT


ACC net down 54.8% in Q1 at Rs 19.84 cr
ACC Ltd has reported a 54.8 per cent decrease in net profit, at Rs 19.84 crore for the quarter ended June 30, 2002. The company had recorded a net profit of Rs 43.95 crore for the corresponding quarter of the previous year. The fall in net ... More

Gujarat Cement Rajasthan Q1 net loss at Rs 8.3 cr
GUJARAT Cement Rajasthan Ltd has reported a net loss of Rs 8.31 crore for the first quarter ended June 30, 2002 as against Rs 18.11 crore posted in the corresponding period the previous quarter. Net income from operations during the quarter ... More

ELECTRONICS


BEL net up at Rs 25.5 cr
BHARAT Electronics Ltd has made a net profit of Rs 25.46 crore for the first quarter ended June 30, 2002 as against Rs 13.5 crore in the corresponding period last year. Net sales for the period were Rs 288.6 crore compared to Rs 163.61 crore ... More

ENGINEERING


ABB net rises to Rs 32.6 cr
THE net profit of engineering equipment major ABB India Ltd has vaulted to Rs 32.6 crore for the second quarter ended June 30, 2002 up 119 per cent from Rs 14.9 crore a year ago. This includes extraordinary income of Rs 14.4 crore realised ... More

PETROLEUM


GAIL net up at Rs 311 cr in Q1
GAS Authority of India Ltd (GAIL) has reported an 11.07 per cent increase in net profit for the first quarter ended June 30, 2002 to Rs 311 crore as against Rs 280 crore recorded in the same period during the previous year. A statement by the ... More

PHARMACEUTICALS


Cipla net up 36 pc
CIPLA Ltd has registered a 36 per cent rise in net profit at Rs 60.63 crore in the quarter ended June 30, 2002, as against Rs 44.40 crore in the corresponding period last year. The board of directors has recommended the payment of dividend of ... More

Strides Arcolab net rises 274%
Strides has posted a growth of 274 per cent in net profit and 70 per cent in total income for the quarter ended June 30, 2002. Its total income was Rs 71.98 crore for the quarter, up from Rs 42.44 crore over the corresponding period last year. ... More

Generics push to Lupin profit
LUPIN Ltd has registered a 26 per cent increase in net profit at Rs 20.28 crore for the first quarter ended June 30, 2002 as against Rs 16.11 crore in the corresponding period last year. Sales have increased to Rs 251.43 crore (Rs 233.10 ... More

TEXTILES


Indian Rayon posts Rs 15-cr profit
INDIAN Rayon and Industries Ltd, an Aditya Birla group company, has reported a net profit of Rs 15.08 crore for the first quarter ended June 30, 2002, up 52 per cent from Rs 9.91 crore in the quarter ended June 30, 2001. According to the ... More

SRF first-quarter net at Rs 12.40 crore
NYLON tyre cord fabric manufacturer, SRF Ltd, has reported a 38.55 per cent increase in net profit for the first quarter ended June 30, 2002 at Rs 12.40 crore. The company had recorded a net profit of Rs 8.95 crore for the quarter ended June ... More

CARS


Hindustan Motors cash profit in Q1
HINDUSTAN Motors Ltd has managed to drastically reduce its losses by Rs 24.91 crore to Rs 0.86 crore in the first quarter ended June 30, 2002 from Rs 25.77 crore in the same period last year. According to a company release, it has also managed ... More

SOFTWARE


CMC posts Rs 6.64-cr net for Q1
CMC Ltd, a Tata group company, has announced a net profit of Rs 6.64 crore for the first quarter ended June 30, 2002 compared to Rs 3.07 crore during the corresponding period last year. Net sales for the quarter were recorded at Rs 96.74 crore ... More

PSI Data cuts Q1 loss to Rs 3.63 cr
BANGALORE: PSI Data Systems Ltd, an Aditya Birla Group company has posted a net loss of Rs 3.63 crore in quarter ended June 30, 2002 as compared to a net loss of Rs 4.80 crore in quarter ended June 30, 2001. Total Income has decreased ... More

HOUSING FINANCE


LIC Housing Q1 net up at Rs 34 cr
LIC Housing Finance Ltd has reported a net profit of Rs 33.59 crore for the first quarter ended June 30, 2002, as against Rs 25.51 crore for the corresponding period in the previous year. Income from operations rose to Rs 218.91 crore for the ... More

CYCLES & ACCESSORIES


Tube Investments' Q1 net up 23%; plans facility in Noida
TUBE Investments of India Ltd has reported a net profit of Rs 8.02 crore for the first quarter ended June 30, 2002, which is 23 per cent higher than the Rs 6.53 crore the company achieved in the corresponding quarter of the previous year. The ... More

PRIVATE BANKS


Global Trust Q1 net down 20 pc
GLOBAL Trust Bank (GTB) has suffered a significant fall in total income, operating and net profit for the first quarter of the current fiscal year ended June 30, 2002. The capital adequacy ratio of the bank has also declined to 11.08 per cent ... More
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