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Friday, July 29, 2005


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CORPORATE RESULTS

DIVERSIFIED


Jindal Steel net up 24% at Rs 150.21 cr
JINDAL Steel & Power Ltd (JSPL) has reported a net profit of Rs 150.21 crore for the first quarter, marking an increase of 24 per cent compared to Rs 121.50 crore net registered during the corresponding quarter last fiscal. The company's net ... More

SRF net rises 97 %
NEW DELHI: SRF Ltd, manufacturer of tyre cord fabrics, refrigerant gases and belting fabrics, has posted a 97 per cent jump in net profit at Rs 23.71 crore for the quarter ended June 30, 2005, as compared to Rs 12.06 crore for the ... More

Indian Rayon Q1 net up 47 pc
INDIAN Rayon, an Aditya Birla group company, has posted a net profit of Rs 30.75 crore for the quarter ended June 30, 2005 - a 47.3 per cent rise over Rs 20.87 crore in the corresponding previous period. The company reported a net income of ... More

TELECOMMUNICATIONS


Tamilnadu Telecomm net sales increase
CHENNAI: Tamilnadu Telecommunications Ltd has reported a net profit of Rs 37.16 lakh on net sales of Rs 8.74 crore for the quarter ended June 30, 2005. During the corresponding period in the previous year the company reported a net loss ... More

CHEMICALS


Mangalore Chem profits up
MANGALORE: The Mangalore Chemicals & Fertilizers (MCF) Ltd, a UB Group company, recorded a profit before tax (PBT) of Rs 4.95 crore during the first quarter of the current financial year as against Rs 1.17 crore in the corresponding period ... More

ENGINEERING


L&T Q1 net profit rises to Rs 143 cr
LARSEN & Toubro Ltd (L&T) posted a net profit of Rs 142.97 crore for the quarter ended June 30, 2005, which included a one-time profit of Rs 38.18 crore on the sale of its dairy and milk processing equipment business. The net profit, minus th More

PETROLEUM


GAIL posts 43% rise in Q1 net
THE board of GAIL (India) Ltd on Wednesday announced a 43-per-cent increase in profit after tax (PAT) for the first quarter of the current fiscal. The PAT has increased to Rs 483 crore from Rs 339 crore in the corresponding quarter. According ... More

PHARMACEUTICALS


Pricing pressure, R&D spends drive Ranbaxy net down 48 pc
IT has been a lacklustre second quarter for Ranbaxy Laboratories Ltd, which has been hit by pricing pressure in the US and increased R&D spends. For the quarter ended June 30, 2005, Ranbaxy achieved consolidated sales of Rs 1,347.9 crore ... More

Matrix Lab Q1 net down 38 pc despite growth in revenues
DESPITE recording a growth of nearly ten per cent in turnover, Matrix Laboratories Ltd (MLL) has suffered a fall of 37.91 per cent in net profit for the first quarter of current fiscal ended June 30. According to the un-audited financial ... More

PLASTICS


Finolex Ind Q1 net dips
FINOLEX Industries Ltd (FIL) has reported a turnover of Rs 204.32 crore for the first quarter ended June 2005 as compared to Rs 226.10 crore in the corresponding period of the previous year, a decline of 9.6 per cent. The net profit for the ... More

POWER


NTPC net rises 24 pc
NATIONAL Thermal Power Corporation today reported a 24.15 per cent rise in net profit at Rs 1,308.7 crore for the quarter ended June 30, 2005 as compared to Rs 1,054.1 crore for the same period the previous fiscal. The total income has ... More

STEEL


SAIL net up at Rs 1,123 cr in Q1
STEEL Authority of India Ltd (SAIL) has recorded a profit before tax (PBT) of Rs 1,701 crore for the first quarter, recording a 41 per cent growth over the corresponding period last year. However, the company's profit after tax (PAT) stood at ... More

Essar Steel Q1 net zooms
ESSAR Steel Ltd (ESL) posted a net profit of Rs 207.71 crore for the quarter ended June 30, 2005, a 400-per cent rise from Rs 50.44 crore in the year-ago period. The company's income during the quarter was Rs 1,652.89 crore, up 24.5 per cent, ... More

AUTOMOBILE COMPONENTS


Exide net rises 32 pc
EXIDE Industries has registered 32 per cent rise in net profit to Rs 24 crore during the first quarter ended in June. Turnover has gone up by 23 per cent to Rs 417 crore. The company had registered a net profit of Rs 18.4 crore on a turnover ... More

HCV/LCV/TRACTORS


Auto, farm sales drive M&M Q1 net up 40 pc
MAHINDRA & Mahindra has posted 40 per cent growth in net profit for the first quarter ended June 30. Good sales performance by both the automotive and farm equipment sectors, containment of operating expenditure, and reduction in financial ... More

HOME APPLIANCES


TTK Prestige makes turnaround
BANGALORE: TTK Prestige, leader in kitchen appliances, has reported a modest profit after tax of Rs 52 lakh for the quarter ended June 30, 2005 as against a net loss of Rs 1.16 crore for the corresponding period last year. The ... More

HARDWARE


FCI OEN net up at Rs 4.14 cr
FCI OEN Connectors Ltd, makers of electronic connectors for telecom, automotive and other sectors, on Thursday said its net profit for the second quarter has more than doubled to Rs 4.14 crore from Rs 1.97 crore in the same period last year. ... More

SOFTWARE


Subex net doubles
SUBEX Systems Ltd, the Bangalore-based telecom software company, reported a 110 per cent rise in revenues to Rs 41.21 crore, compared with Rs 22.63 crore in the previous year period. Net profit was Rs 8.56 crore (Rs 4.07 crore). The company ... More

Zen Tech Q1 net up
HYDERABAD: Zen Technologies Ltd has recorded sales of Rs 4.21 crore and a net profit of Rs 1.49 crore for the first quarter ended June 30, 2005 as against net sales of Rs 3.82 crore and a net profit of Rs 1.12 crore for the corresponding ... More

Cognizant Tech net jumps 51%
COGNIZANT Technology Solutions Corporation has recorded a 51 per cent increase in net profit and a 53 per cent increase in revenues for the quarter ended June 30, 2005 over the previous corresponding quarter. The company had a net profit of $36 ... More

PAPER, BOARD & NEWSPRINT


West Coast Paper Q1 net up at Rs 9.74 cr
THE West Coast Paper Mills Ltd has recorded 155 per cent increase in net profit at Rs 9.74 crore for the quarter ended June 30, 2005, compared to Rs 3.81 crore for the same period last year. Gross profit (before depreciation and tax) has ... More

READYMADE GARMENTS


Gokaldas net at Rs 11.63 cr
GOKALDAS Exports Ltd reported net profit of Rs 11.63 crore for the quarter ended June 30, 2005 and revenue of Rs 179.77 crore. Profit before interest, depreciation and tax stood at Rs 18.72 crore, achieving a margin of 10.41 per cent, ... More

PRIVATE BANKS


J&K Bank net up at Rs 48.44 crore
JAMMU and Kashmir Bank (J&K Bank) has reported a net profit of Rs 48.44 crore for the quarter ended June 30, 2005, a 2.43 per cent increase over Rs 47.27 crore recorded in the corresponding period last year. The deposit base has expanded 9.23 ... More

ING Vysya Bank posts Rs 9-crore net in Q1
ING Vysya Bank posted a net profit of Rs 9 crore during the first quarter of the current fiscal as against the Rs 20-crore loss it recorded for the corresponding period last year. It recorded a net profit of Rs 5 crore for the quarter ended ... More

PUBLIC SECTOR BANKS


SBI Q1 net up 15.5 pc at Rs 1,223 cr
HIGHER interest income and lower operating costs have enabled State Bank of India to report a 15.54 per cent increase in net profit in the first quarter of 2005-06, despite a substantial increase in provisions against bad loans and losses in ... More

PNB Q1 net rises to Rs 358 crore
PUNJAB National Bank has registered a net profit of Rs 358.16 crore during first quarter of this fiscal, an 11 per cent growth over the net profit of Rs 322.67 crore in the same period last year. The operating profit dipped by 10 per cent to ... More

SBT clocks Rs 48-cr net
STATE Bank of Travancore (SBT) has posted a net profit of Rs 47.61 crore during the three-month period ended June 30. The bank recorded an operating profit of Rs 147.42 crore during the period. The interest income went up by 10.69 per cent ... More

SUPPLY CHAIN MANAGEMENT


Concor posts Rs 107.5-cr net in Q1
THE Container Corporation of India Ltd (Concor) has posted a net profit of Rs 107.47 crore for the quarter ended June 30 as compared to Rs 97.33 crore for the same quarter last year. Total income has increased from Rs 464.23 crore in Q1-05 to ... More


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