CORPORATE RESULTS
DIVERSIFIED
ITC net up 16.2%
ITC Ltd has recorded a growth of 16.2 per cent in profit after tax at Rs 1,593 crore in 2003-04 against Rs 1,371 crore for 2002-03. The pre-tax profit has increased by 12.8 per cent to Rs 2,319 crore (Rs 2,056 crore). Net sales for the period ...
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PHARMACEUTICALS
Dr Reddy's net down 27%; to pay 100 pc
DESPITE recording a growth of 11 per cent in total revenues and five per cent in gross profit for the fiscal ended March 31, 2004, Dr Reddy's Laboratories Ltd has suffered a significant fall of 35 per cent in operating profit and 27 per cent in ...
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STEEL
SAIL back in black, posts Rs 2,512-cr full-year net
A BUOYANT market coupled with internal restructuring has helped Steel Authority of India Ltd (SAIL) report a net profit of Rs 2,512 crore for 2003-04 compared with a loss of Rs 304 crore in the previous year. In fact, the company has reported its ...
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SOFTWARE
Tata Honeywell revenue at Rs 342.4 cr
TATA Honeywell, integrated automation and software solution provider, has reported revenue of Rs 342.4 crore for the fiscal ended March 2004. The company had recorded revenue of Rs 269.1 crore for the fiscal ended March 2003, registering an ...
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PAPER, BOARD & NEWSPRINT
Higher input costs blot TNPL net
THE net profit of Tamil Nadu Newsprint and Papers Ltd has dropped to Rs 8.18 crore on net sales of Rs 164.08 crore in the quarter ended March 31, 2004 against a net profit of Rs 21.49 crore on sales of Rs 155.01 crore recorded in the same period ...
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PUBLIC SECTOR BANKS
SBI net rises 18.55 pc, to pay 110 pc dividend
RIDING high on the back of 18.55 per cent growth in net profit at Rs 3,681 crore in 2003-04 (Rs 3,105 crore in 2002-03), the board of directors of State Bank of India at a meeting here on Friday recommended 110 per cent dividend (Rs 11 per share) ...
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SBI: Robust profit growth; business growth lags peers
STATE Bank of India has unveiled a 48 per cent growth in profits before provision and contingencies boosted by an increase of 81 per cent in profits from sale of Government securities. Prudent provisions for bad loans however ensured that net ...
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