The Hindu Business Line : Saturday, July 29, 2006

FINANCIAL SERVICES
JM Financial net up at Rs 8.62 cr
JM Financial Ltd has reported a net profit of Rs 8.62 crore for the quarter ended June 30, 2006 on a stand alone basis, compared to Rs 16.24 lakh in the same quarter last year.The consolidated net profit for the period stood at ... More

TELECOMMUNICATIONS
MTNL Q1 dips 17%
State-owned Mahanagar Telephone Nigam Ltd (MTNL) today reported a decline of 17.06 per cent in net profit at Rs 131.28 crore for the quarter ended June 30, as compared to Rs 158.29 crore in the corresponding quarter a year ago. MTNL's profits ... More

CEMENT
JK Lakshmi Cement net profit rises
JK Lakshmi Cement reported a net profit of Rs 38.85 crore for the first quarter ending June 30, against a net profit of Rs 11.89 crore in the corresponding period of the previous fiscal. The sales during the first quarter jumped ... More

FERTILISERS
United Phosphorus net dips to Rs 9 cr
United Phosphorus Ltd has reported a net profit after tax and prior period adjustment of Rs 9.31 crore for the June 2006 quarter compared with Rs 14 crore in the year-ago period. Total income (net of excise and rebates and ... More

HOTELS
EIH announces 12 new projects in India, abroad
To invest Rs 1,150 cr in 3 hotel projects; luxury train project on cards More

PETROLEUM
BPCL incurs Rs 677-cr loss in first quarter
Rising raw material, product purchase costs More

PHARMACEUTICALS
Wockhardt Q2 net down 38 pc
Wockhardt Ltd has posted a net profit of Rs 49.5 crore for the second quarter ended June 30, down 38 per cent from Rs 79.9 crore for the quarter ended June 30, 2005. Total income has increased to Rs 292.7 crore (Rs 278.1 crore). The group posted ... More

POWER
NHPC Q1 net higher 20%
National Hydroelectric Power Corporation (NHPC) has posted a 20-per- cent increase in its net profit at Rs 229 crore during the first quarter ended June 30, 2006, as against Rs 191 crore during the same period last year. The ... More

STEEL
SAIL PAT 23 pc higher in Q1
Not looking for acquisitions abroad More

TEXTILES
Arvind Mills PAT down 85%
Arvind Mills Ltd has said its profit after tax (PAT) has decreased by 85 per cent and sales by 15 per cent in the quarter ended June 30, 2006. A company release said here that sales declined to Rs 355 crore against Rs 417 crore in the ... More

Rajasthan Spinning Q1 net up 51 pc
Substantial increase in export revenue at Rs 111.6 cr More

Lakshmi Mills net dips
Lakshmi Mills Company Ltd posted a sales turnover for the quarter ended June 30 of Rs 35.25 crore, almost the same as in the corresponding period of previous year when it had posted Rs 35.84 crore. But its net profit for the quarter fell to Rs ... More

RADIO/TV
TV18 Q1 net rises 47.3% to Rs 11.77 cr
Television Eighteen Group has posted a 47.3-per cent increase in net profit for the first quarter over the corresponding previous quarter. The net profit after deferred tax was at Rs 11.77 crore vis-à-vis Rs 7.98 crore. The company's ... More

CARS
HM sales of CBU Montero to begin from Aug
First quarter loss at Rs 20.5 cr More

ELECTRICAL GOODS
BHEL first quarter net up 85 pc
Bharat Heavy Electricals Ltd (BHEL) on Friday announced an 85-per-cent jump in net profit during the first quarter of the current fiscal at Rs 236.7 crore, from Rs 127.9 crore a year earlier. Sales were up 36.6 per cent to Rs 2,887.3 crore ... More

REAL ESTATE & CONSTRUCTION
Prajay income, net rise
Prajay Engineers Syndicate Ltd has recorded an income of Rs 37.16 crore and a net profit of Rs 13.2 crore for the first quarter ended June 30, 2006 as against an income of Rs 14.63 crore and a net profit of Rs 5.72 crore for the ... More

SOFTWARE
i-flex net up 133 per cent
i-flex Solutions Ltd has reported a 133 per cent increase in its consolidated net profit for the first quarter ended June 30, 2006 under the Indian GAAP. Net profit for the quarter amounted to Rs 35 crore, up from Rs 15 crore in ... More

Tanla revenue, net zoom
Tanla Solutions Ltd has recorded a total income of Rs 39.73 crore and a net profit of Rs 16.05 crore for the first quarter ended June 30, 2006 as against a total income of Rs 8.01 crore and a net profit of Rs 4.61 crore for the ... More

METALS
Hindalco promoters may raise stake to ward off takeover threat
Q1 net profit jumps 59 pc Rs 601.5 cr; sales up 94 pc More

PAPER, BOARD & NEWSPRINT
West Coast Paper net up
The West Coast Paper Mills Ltd has maintained a dividend of 150 per cent per share for 2005-06. The company has improved its performance for the first quarter ended June 2006 with a higher net profit of Rs 14.96 crore against Rs 9.74 crore for ... More

AP Paper Mills Q1 net down
Andhra Pradesh Paper Mills Ltd, part of the Kolkata based L.N. Bangur Group, has registered a marginal drop in both turnover and net for the quarter ended June 30, 2006. While the net profit stood at Rs 7.54 crore (Rs 7.68), the ... More

RNPL posts Rs 10- cr net on low fuel cost
Rama Newsprint and Papers Ltd (RNPL) has come out with substantially improved results for the quarter ended June 2006 with net sales increasing by 33 per cent to about Rs 89 crore from Rs 67 crore in the corresponding year-ago period. The ... More

SILK
Himatsingka Seide Q1 net up 28 pc
Himatsingka Seide Ltd posted a 27.8-per cent jump in Q1 net profit for 2006-07 to Rs 14.41 crore. The total revenues of the silk fabric exporter were up 17.54 per cent at Rs 43.94 crore. The company's retail business, which operated under the ... More

CERAMICS
Nitco Tiles Q1 net up at Rs 6.90 cr
Nitco Tiles has announced a 115 per cent increase in net profit for the first quarter ended June 30, 2006. The company's net profit rose from Rs 3.22 crore in the year-ago quarter to Rs 6.90 crore in the first quarter of this ... More

PAINTS
Asian Paints Q1 net up 31% at Rs 58.02 cr
Asian Paints has reported a standalone Q1 net profit of Rs 58.02 crore, a 30.8 per cent increase, compared to Rs 44.37 crore in the corresponding quarter of the previous year. Net sales increased by 18.3 per cent to Rs 603.39 crore (Rs 509.97 ... More

Berger Paints PAT up 11%
Against the backdrop of rising crude oil prices, Berger Paints India Ltd will have no other way but to increase its solvent based product prices shortly. According to Mr Subir Bose, Managing Director, the company might increase the price by ... More

Kansai Nerolac Q1 net up 23 pc
Kansai Nerolac Paints Ltd, previously known as Goodlass Nerolac Paints Ltd, reported a 23.2-per-cent increase in its Q1 profit of Rs 27.10 crore compared to Rs 22 crore in the corresponding period last year. Gross sales have ... More

PRIVATE BANKS
KVB Q1 net marginally up
Karur Vysya Bank has clocked a net profit of Rs 38.38 crore during the first quarter of the current fiscal against Rs 37.62 crore achieved in the corresponding quarter of the previous year. While the rise in its net profit was just a little ... More

Lakshmi Vilas Bank net triples
The Karur-headquartered Lakshmi Vilas Bank (LVB) has registered a three-fold increase in its net profit during the first quarter of the current fiscal compared to the corresponding quarter of the previous fiscal. Its net ... More

City Union Bank net up 25%
City Union Bank (CUB) has proposed to increase its authorised capital to Rs 100 crore from the present level of Rs 30 crore. The bank's net worth has crossed the Rs 300-crore mark. The board met at Tiruchi today to take stock of ... More

PUBLIC SECTOR BANKS
OBC plans insurance foray
Oriental Bank of Commerce (OBC) plans to foray into the life insurance business and is scouting for joint venture partners for this purpose, according to the Chairman and Managing Director, Mr K.N. Prithviraj. "We are going to go for the ... More