CORPORATE RESULTS
TELECOMMUNICATIONS
Bharti Q2 net zooms to touch Rs 334 cr
BHARTI Tele-Venture's net profit for the first six months of the current financial year has zoomed 407 per cent to Rs 630 crore, compared to Rs 124 crore during the corresponding period last year. The company had netted a total profit of Rs 620 ...
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Bharti Tele: A good show
BHARTI Tele-Ventures has managed to sustain or improve the operating profit margin in every business segment such as mobile, broadband /fixed, long distance and enterprise business, reinforcing the strength of its integrated business strategy. ...
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CEMENT
Better realisations boost Grasim net
GRASIM Industries has reported an 8.35 per cent in net profit (after exceptional items) for the second quarter of the current fiscal; and a 23.3 per cent increase in net profit before exceptional items. The increase in the latter figure was ...
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ENGINEERING
Alfa Laval Q3 net rises to Rs 20 cr
ALFA Laval (India) Ltd has registered a 30 per cent growth in sales turnover for the third quarter ended September 30, 2004. The net profit for the third quarter has increased to Rs 20 crore as compared to Rs 17.01 crore in the same period ...
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Elgi Equipments posts lower sales
THE good monsoon has hit air compressor major Elgi Equipments Ltd (EEL) in the second quarter of the current fiscal. The copious rainfall during the South West monsoon season in most parts of the country had resulted in a decline in demand ...
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BHEL Q2 net up 56%
NEW DELHI: Bharat Heavy Electricals Ltd has recorded a net profit of Rs 158.2 crore on a sales income of Rs 1913.7 crore during the second quarter for the current fiscal ended September 30, 2004. During the same period last year, the ...
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FOOD & DAIRY PRODUCTS
Nestle India net dips 9.4%
NEW DELHI: FMCG major, Nestle India, has reported a 9.4 per cent dip in net profit at Rs 68.85 crore for the quarter ended September 30, 2004. Net sales during the period, however, went up by 5.1 per cent on a quarter-on-quarter basis at ...
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PESTICIDES
Rallis India nets Rs 14.08 cr profit
MUMBAI: RALLIS India Ltd has reported a net profit of Rs 14.08 crore for the July-September quarter compared to a net loss of Rs 3.12 crore in the year-ago period. Revenues stood at Rs 170.31 crore (Rs 145.74 crore). For the ...
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PETROLEUM
ONGC gains from high oil prices; net up 20 pc in Q2
HIGH global crude prices lifted the profitability of Oil and Natural Gas Corporation (ONGC) during the second quarter of the current fiscal ended September 30. ONGC's profit after tax rose 20 per cent while its turnover rose 34.6 per cent during ...
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PHARMACEUTICALS
Elder Pharma posts higher net profit
MUMBAI: Elder Pharmaceuticals Ltd has posted a net profit of Rs 6.11 crore (Rs 4.65 crore) for the second quarter ended September 30, 2004. Income from operations has increased to Rs 80.56 crore (Rs 66.84 ...
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TEXTILES
LMC posts improved performance in Q2
LAKSHMI Mills Company Ltd has shown an improved operation in the quarter ended September 30, 2004 when it has recorded a higher net sales at Rs 36.91 crore, against Rs 35.07 crore in the same quarter of previous year and a net profit of Rs 35 ...
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Rajasthan Spinning Q2 net up 12.5 pc
NEW DELHI: Rajasthan Spinning and Weaving Mills Ltd has reported a 12.5 per cent jump in net profit at Rs 3.6 crore (Rs 3.2 crore) during the second quarter of 2004-05. Net revenues for the period was Rs 175.6 crore (Rs 154.6 ...
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TYRES
Apollo Tyres Q2 net down 13.95%
APOLLO Tyres Ltd on Thursday reported a 13.95 per cent decline in net profit for the second quarter ended September 30 at Rs 14.87 crore, against a net profit of Rs 17.28 crore recorded in the same period last year. Net sales of the company ...
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PERSONAL PRODUCTS
HLL posts lower net at Rs 324 cr
HINDUSTAN Lever Ltd (HLL) on Thursday reported a lower net profit of Rs 324.32 crore for the quarter ended September 30, 2004, as against the previous corresponding period's Rs 443.22 crore. The company's net sales amounted to Rs 2,401.14 ...
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Price wars tell on Hind Lever
HINDUSTAN Lever's numbers for the September quarter show that the company continues to aggressively target sales volumes and market share, at the expense of its immediate profitability. The jury is still out on whether this strategy will deliver ...
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RADIO/TV
Zee Tele net slips to Rs 69.16 cr
MUMBAI: Zee Telefilms Ltd has reported a dip in its net profit at Rs 69.16 crore for the July-September 2004 quarter as compared to Rs 70.08 crore in the year-ago period. The bottomline was impacted by the start-up losses on the DTH ...
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CARS
Mahindra & Mahindra posts higher net profit at Rs 122.9 cr
IN the second quarter results , M&M has reported a higher profit after tax of Rs 122.91 crore (Rs 72.99 crore for the year ago period) on net sales/income from operations of Rs 1,554.41 crore (Rs 1,139.09 crore). For the half year, its PAT ...
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HARDWARE
MRO-TEK Q2 net rises to Rs 2.98 cr
MRO-TEK Ltd has reported a net profit of Rs 2.98 crore for the quarter ended September 30. The company's profit registered a 146 per cent increase over the corresponding period of the previous year's figure of Rs 1.21 crore. Revenues were ...
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PAPER, BOARD & NEWSPRINT
Ballarpur Ind net rises 28 pc
NEW DELHI: Ballarpur Industries Ltd, the country's largest manufacturer of writing and printing paper, has reported a 28 per cent jump in net profit at Rs 40.1 crore for the quarter ended September 30, 2004. Total income (net of ...
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PRIVATE BANKS
Kotak Mahindra profit rises to Rs 20.65 crore
KOTAK Mahindra Bank Ltd recorded a marginal increase in net profit at Rs 20.65 crore for the quarter ended September 30, 2004, as against Rs 19.84 crore in the same period last fiscal. Total income went up by over 33 per cent to Rs 123.16 crore ...
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IndusInd Bank Q2 profit at Rs 59 cr
INDUSIND Bank Ltd registered a decline of 22.7 per cent in net profit to Rs 58.91 crore for the quarter ended September 30, 2004 as against Rs 76.23 crore in the second quarter of the previous fiscal. The current results of the bank include the ...
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ING Vysya posts Rs 29.2-crore loss — Plans Rs 300-cr rights issue
ING VYSYA Bank has proposed increasing its capital by Rs 300 crore through a rights issue for expanding lending and to partly offset the erosion in capital during the current year. Briefing reporters here today on the bank's performance for ...
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PUBLIC SECTOR BANKS
Canara Bank net up 22 pc
CANARA Bank has reported a 22 per cent increase in net profits in the second quarter of this fiscal despite fall in treasury incomes. Speaking to reporters here today, Mr R.V. Shastri, Chairman and Managing Director of Canara Bank, said ...
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Andhra Bank profit falls 20% on higher provisioning
HIGHER provisioning led Andhra Bank Ltd to record a 20 per cent dip in net profit at Rs 109.33 crore for the second quarter ended September 30, as against Rs 136.98 crore in the same period last year.Provisions and contingencies during Q2 ...
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