CORPORATE RESULTS
TELECOMMUNICATIONS
Tata Telecom Q4 net up 27 pc
TATA Telecom has reported a 27 per cent increase in net profit, at Rs. 10.55 crore, for the fourth quarter ended March 31, 2004. Turnover for the quarter increased 20 per cent, to Rs. 132.5 crore. The company's focus on converged ...
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CEMENT
Shree Cement net up 17.8 pc; to pay 30 pc
SHREE Cement Ltd, belonging to the city-based Bangurs, has succeeded in crossing the Rs 600-crore turnover mark for 2003-04. The company also restructured its finances successfully and reduced the overall interest burden from 10.41 per cent to ...
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CHEMICALS
Kanoria Chemicals net rises 55.7 pc
THE board of Kanoria Chemicals and Industries Ltd (KCIL) has recommended a 25 per cent dividend on equity shares and 13.5 per cent on cumulative redeemable preference shares for fiscal 2003-04, according to a company release. The company's net ...
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FERTILISERS
Coromandel Fert net rises 59 pc
COROMANDEL Fertilisers Ltd (CFL), a part of the Rs 5,200-crore Murugappa group, posted a turnover of Rs 1,222.59 crore and a net profit of Rs 43.10 crore for the year 2003-04. The company's board of directors has recommended a dividend of Rs 6.5 ...
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HOTELS
Oriental Hotels nets Rs 9.3 cr, to pay Rs 4
ORIENTAL Hotels Ltd registered a net profit of Rs 9.34 crore for the year ended March 31, 2004 compared with a net profit of Rs 5.38 crore in the previous year. The total income of the company for the year was Rs 115.25 crore (Rs 99.04 crore), ...
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PHARMACEUTICALS
Novartis Q4 net up, to pay 200 pc
PHARMA major Novartis India Ltd has clocked a net profit of Rs 20.87 crore for the quarter ended March 31, 2004, as compared to Rs 1.32 crore for the corresponding quarter in the previous year. Total income has increased to Rs 123.36 crore (Rs ...
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TEXTILES
Welspun India net rises by 33 per cent
THE net profit of Welspun India Ltd has increased 33 per cent for the year ended March 31, 2004 to Rs 30.02 crore over Rs 22.39 crore in the year ago period. Net sales grew 22 per cent to Rs 366.74 crore (Rs 301.01 crore). Other Income grew to ...
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PRIVATE BANKS
ING Vysya plans for asset recast venture with ACTIS — Net profit drops to Rs 59 crore
ING Vysya Bank has proposed setting up a joint venture asset reconstruction company along with ACTIS (formerly Commonwealth Development Corporation, UK). Speaking to Business Line, Mr Bart Hellemans, Managing Director and Chief Executive ...
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