CORPORATE RESULTS
CEMENT
Guj Ambuja net up 106 pc; to pay 50% interim
COST reductions and better market prices have helped Gujarat Ambuja report a 106 per cent increase in net profit, year on year, for the third financial quarter ended March 31, 2004. Net profit for the quarter amounted to Rs. 145.23 crore, as ...
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PHARMACEUTICALS
Vimta Labs net up 311 pc
VIMTA Labs Ltd, a contract research and clinical trials services provider, has recorded a growth of 81 per cent in revenues and 311 per cent in net profit for the fiscal ended March 31. On a turnover of Rs 35.13 crore (Rs 19.49 crore), the ...
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POWER
Reliance Energy net up 314% in fourth quarter
A SUBSTANTIAL jump in electricity sales combined with a fall in interest paid has led to a 314 per cent increase in Reliance Energy Ltd's net profit in the fourth quarter ended March 31, 2004 at Rs 103.79 crore compared to Rs 25.07 crore last ...
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SOFTWARE
Billion-dollar Wipro hands out 2:1 bonus — One-time dividend of Rs 25 per share; 17 pc rise in Q4 net, revenue
INFOTECH major Wipro Ltd on Friday topped market estimates and its guidance to record 17 per cent quarterly profit growth of Rs 274.3 crore while revenue grew 17 per cent to touch Rs 1,521.4 crore. The company also exceeded the billion-dollar ...
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It's business as usual at Wipro
WIPRO Ltd wore its billion-dollar mantle lightly - as top management took a business-as-usual approach to the year's earnings announcements. With revenues from the global and Indian IT services business having crossed $1 billion during the ...
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ETC Networks reports 2 pc increase in net
ETC Networks has reported a two per cent increase in profit after tax at Rs 14.42 crore for the year ended March 2004 against Rs 14.13 crore in the earlier year. Gross revenue moved up by seven per cent to Rs 48.43 crore from Rs 45.10 crore in ...
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Wipro: Good volume growth pays
THE combination of robust volume growth and better pricing environment have helped the Global IT Services and Products division of the diversified Wipro turn in a good performance for the second consecutive quarter ended March 31, 2004. Global IT ...
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Hexaware revenues rise 72 pc in Q1
HEXAWARE Technologies has reported a 72 per cent growth in revenues at Rs 114.3 crore for the first quarter ended March 31, 2004 compared to Rs 66.6 crore recorded during the corresponding previous quarter. Net profit at Rs 11.5 crore (Rs 1.7 ...
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PRIVATE BANKS
HDFC Bank net up 31.4 pc — To pay dividend at Rs 3.5; NPAs almost nil
BUOYED by lower cost of funds and higher retail lending, HDFC Bank has posted a 33-per cent jump in net profit for the fourth quarter ended March 31, 2004, at Rs 154.72 crore, up from Rs 116.62 crore in the corresponding period of the previous ...
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