Financial Daily from THE HINDU group of publications
Tuesday, July 29, 2003
Markets (July 28)
BL 2501320.06 (+7.21)
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CORPORATE RESULTS

DIVERSIFIED


Tube India Q1 net triples to Rs 25 cr
TUBE Investments of India Ltd has reported a net profit of Rs 24.89 crore on total revenue of Rs 251.28 crore for the first quarter of 2003-04 against a net profit of Rs 8.02 crore on total revenue of Rs 248.25 crore for the same period last ... More

CEMENT


Grasim Q1 net up 24 pc
GRASIM Industries has reported a 24 per cent increase in net profit despite an increase of only three per cent in net turnover for the first quarter ended June 30 over the corresponding previous period. Net profit amounted to Rs 130.5 crore ... More

Eternit Ind net up
NEW DELHI: ACC subsidiary Eternit Industries Ltd, formerly Eternit Everest Ltd, has reported a net profit of Rs 5.75 crore for the quarter ended June 30, 2003 as against a net profit of Rs 1.42 crore recorded in the same period during the ... More

HOTELS


Indian Hotels first quarter net up at Rs 3.76 cr
INDIAN Hotels Company Ltd (IHCL) on Monday reported a profit after tax of Rs 3.76 crore for the first quarter ended June 30, compared to Rs 2.02 crore in the corresponding previous period. Total income rose to Rs 137.66 crore (Rs 117.77 crore), ... More

PETROLEUM


GAIL Q1 net rises 18 pc at Rs 365 cr
GAIL (India) Ltd has recorded a net profit of Rs 365 crore on net sales of Rs 2,923 crore for the first quarter of the current fiscal ended June 30, 2003. During the corresponding period last year, the company recorded a net profit of Rs ... More

PHARMACEUTICALS


Sun Pharma's Q1 net up 14 pc
SUN Pharmaceuticals Industries Ltd has reported a 14 per cent rise in net profit at Rs 54.69 crore in the quarter ended June 30, 2003 as against Rs 48.07 crore in the corresponding period last year. According to the company, exports and better ... More

GSK Pharma Q2 net up 59 pc
IMPROVED sales of `Power Brands' coupled with proceeds from SmithKline's property sale helped pharma major GlaxoSmithKline Pharmaceuticals Ltd (GSK Pharma) post a 59 per cent rise in net profit at Rs 64.76 crore for the second quarter ended June, ... More

Unichem Lab net profit up 10 pc
UNICHEM Laboratories has posted a 10.6 per cent rise in net profit at Rs 10.41 crore in the quarter ended June 30, 2003 as against Rs 9.41 crore during the corresponding period last year. Net sales were higher at Rs 86.20 crore (Rs 75.10 crore) ... More

Burroughs Wellcome Q2 net up 41 pc
IMPROVED product mix has helped Burroughs Wellcome India Ltd to register a 41 per cent rise in net profit at Rs 16.02 crore for the second quarter ended June 30, 2003 as against Rs 11.31 crore in the corresponding period last year. Net sales ... More

Matrix Labs net jumps 51 pc
THE newly formulated strategy of broad-basing its product portfolio with key focus on the regulated markets has started paying rich dividends for Matrix Laboratories Ltd (MLL), the amalgamated entity of the Hyderabad-based Matrix Labs, the ... More

Cipla Q1 net up 11%
CIPLA Ltd has posted a 10.83 per cent rise in net profit at Rs 67.2 crore for the quarter ended June 30, 2003 compared with Rs 60.63 crore for the quarter ended June 30, 2002. The board of directors of the company has declared a dividend of Rs ... More

POWER


BSES Q1 net rises 8%; merges AP arm with itself
LEADING power utility BSES Ltd has reported a 14 per cent rise in turnover in the first quarter ended June 30, 2003 at Rs 804.04 crore (Rs 704.87 crore). Net profit for the quarter was 8 per cent higher at Rs 84.60 crore (Rs 79.19 crore). Net ... More

TYRES


Apollo Tyres Q1 net down; to pay 45%
APOLLO Tyres Ltd has reported a net profit of Rs 18.72 crore in the April-June quarter of 2003 as against the Rs 21.62 crore reported in the same period last fiscal. Its net sales during the first quarter of the current fiscal has shown an ... More

AUTOMOBILE COMPONENTS


Kalyani Brakes net up at Rs 3.96 cr
BRAKE manufacturer Kalyani Brakes announced on Monday that its net profit in the first quarter ended June 2003 grew from Rs 2.15 crore in the corresponding period last year to touch Rs 3.96 crore. Sales revenues grew 29.3 per cent to Rs 66 ... More

Sundaram Brake Lining PAT up 15 pc in Q1
SUNDARAM Brake Linings (SBL) has announced a 15 per cent rise in profit after tax at Rs 1.95 crore for the first quarter of 2003-04 over Rs 1.69 crore in the corresponding quarter the previous year. Total sales went up 16 per cent at Rs 27.93 ... More

HCV/LCV/TRACTORS


M&M in talks with Valtra Tractors for investment
MAHINDRA & Mahindra Ltd (M&M) is in talks with a Finnish tractor company Valtra Tractors for a possible investment, Mr Keshub Mahindra, Chairman, M&M, told shareholders on Monday. "We look at every opportunity. The talks with Valtra are at a ... More

HARDWARE


Tata Elxsi Q1 net down 34 pc
TATA Elxsi, the technical computing arm of the Tata group has reported a 34 per cent decline in its net profits while its revenues grew by about 37 per cent for the June quarter in the current fiscal over corresponding previous year. Tata Elxsi ... More

SOFTWARE


Polaris net rises; margins under pressure
POLARIS Software Lab has reported a net profit of Rs 16.55 crore on income from software services and products of Rs 153.67 crore for the quarter ended June 30, 2003, compared to a net profit of Rs 14.36 crore on revenues of Rs 73.54 crore during ... More

HOUSING FINANCE


LIC Housing Q1 net at Rs 34 cr
LIC Housing Finance Ltd has recorded a net profit of Rs 33.95 crore for the first quarter ended June 30, 2003, compared with Rs 33.59 crore during the same period last year. The company's total income rose to Rs 230.04 crore (Rs 219.60 crore), ... More

PRIVATE BANKS


Karur Vysya Q1 net up at 37 pc
KARUR Vysya Bank registered a 37-per cent jump in its net profit during the first quarter of the current fiscal when compared to the corresponding period of the earlier year. For the quarter ended June 30, 2003, its net profit increased by Rs ... More

PUBLIC SECTOR BANKS


BoI records 15 pc jump in Q1 net profit
BANK of India has recorded a 15.25 per cent jump in net profit at Rs 204 crore for the first quarter ended June 30, 2003, as compared to a net profit of Rs 177 crore in the corresponding period, the previous year. "Treasury income has ... More
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Looking back
Jul. 20-Jul. 26
BSNL revenues at Rs 5,500 cr in Q1

ITC first quarter net profit up 15.5 pc at Rs 397 cr


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