Financial Daily from THE HINDU group of publications
Tuesday, January 28, 2003
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CORPORATE RESULTS

DIVERSIFIED


Grasim rides on all-round performance; net up 68%
GRASIM Industries has reported a 67.9 increase in net profit (after tax but before exceptional items) for the third quarter ended December 31, 2002. The company its results have been "on the back of improved performance from all its businesses." ... More

ELECTRONICS


Samtel Color net dips
NEW DELHI: Samtel Color Ltd, part of the Rs 1,200-crore Samtel group and manufacturers of colour picture tubes (CPT) in India, has posted a 29 per cent rise in its gross turnover to Rs 254.07 crore for the quarter ended December 31, ... More

ENGINEERING


Ingersoll Q3 net up
MUMBAI: Ingersoll-rand (India) Ltd posted an improved net profit of Rs 15.84 crore in the third quarter ended December 31, 2002. This was 18.30 per cent more than the Rs 13.39 crore recorded in the corresponding previous period. Net ... More

PETROLEUM


Castrol net rises 41% on low costs
LOWER raw material costs and supply chain efficiencies have resulted in a 41 per cent jump in Castrol India's net profit for the year ended December 31, 2002. Net profit stood at Rs 152.89 crore (Rs 108.40 crore) despite a slight fall in net ... More

PHARMACEUTICALS


JB Chemicals net rises 13 pc
MUMBAI: JB Chemicals & Pharmaceuticals Ltd has registered a 13 per cent increase in net profit at Rs 11.43 crore in the quarter ended December 31, 2002 against Rs 10.04 crore in the corresponding period last year. Net sales have gone ... More

TEA


Tata Tea net down on lower revenues
MARGINALLY lower revenue and a profit from sale of shares last year with none to show this time around brought down Tata Tea Ltd's (TTL) net profit by 18 per cent to Rs 16.97 crore in the third quarter of 2002-03 (Q3) as compared to Rs 20.67 ... More

COAL


Rain Calcining net up 71 pc
HYDERABAD: Rain Calcining Ltd (RCL), the Visakhapatnam-based calcined petroleum coke and power producer, has achieved a growth of 31.78 per cent turnover and 70.65 per cent in net profit for the third quarter of current fiscal ended ... More

HCV/LCV/TRACTORS


Escorts turns around on buoyant sales
NEW DELHI: Escorts Ltd has reported a net profit of Rs 26.14 crore for the quarter ended December 31, 2002, compared to a net loss of Rs 21.06 crore in the corresponding quarter in 2001. The company's total income has increased by 49.7 ... More

TWO/THREE WHEELERS


TVS Motor posts record turnover — Victor propels sales to Rs 2,000 cr; Q3 net at Rs 32 cr
BUOYANT sales of TVS Victor motorcycle has enabled TVS Motor Company achieve sales of over Rs 2,000 crore for the first time in its history and generated enough revenues to make the company almost debt-free. Not even the Rs 120-crore capital ... More

SOFTWARE


GTL Q3 net falls to Rs 21.18 cr
GTL Ltd has posted a net profit of Rs 21.18 crore for the third quarter ended December 31, 2002, against Rs 28.77 crore during the corresponding quarter last year. The company recorded net sales of Rs 141.24 crore for the quarter, compared to ... More

WATCHES & ACCESSORIES


Titan turnover up 10.5 pc in Q3
TITAN Industries Ltd has reported 10.5 per cent rise in its turnover during the third quarter of the current financial year compared to the corresponding period last year. Net sales during this period stood at Rs 228 crore, up from Rs 207.44 ... More

PUBLIC SECTOR BANKS


PNB nine-month net profit up 46.6 pc
PUNJAB National Bank has recorded a net profit of Rs 601.66 crore for nine months ended December 31, 2002, a 46.6-per cent rise compared to Rs 410.28 crore in the corresponding period last year. The third quarter net profit increased by 133 per ... More
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