The Hindu Business Line : Thursday, January 26, 2006

Grasim net falls 25% on slump in VSF, sponge iron biz
A DOWNTURN in Grasim Industries' viscose staple fibre and sponge iron businesses has led to the company's third quarter net profit for the current fiscal falling by 25.4 per cent. Net profit was reported at Rs 161.87 crore as against Rs 217.08 ... More

CHEMICALS

Colour-Chem posts 11% rise in net profit
COLOUR-Chem Ltd has reported an 11 per cent increase in its December 2005 quarter net profit at Rs 1.32 crore compared to Rs 1.19 crore in the year-ago period. Net sales grew by 14 per cent to Rs 95.81 crore. Other expenditure for the quarter ... More

PETROLEUM

IGL net profit up 32.5 pc
INDRAPRASTHA Gas Ltd (IGL), the supplier of compressed natural gas (CNG) and piped natural gas (PNG) in the Capital, clocked a 32.5-per cent increase in net profit for the third quarter of financial year 2005-06 ended December 31, 2005. The ... More

PHARMACEUTICALS

JB Chem to raise funds by pref issue; net up 24 pc
THE Mumbai-based J.B. Chemicals and Pharmaceuticals is planning a preferential issue to raise $10 million (about Rs 44 crore) to fund its expansion plans. The company expects to raise funds through the issue of equity on a preferential basis ... More

RUBBER

Bullish trend resumes in rubber market
Firm international indices inspired the covering groups and purchase agents to chase the raw material, while most of the dealers and growers continued to hold on the stocks targeting Rs 80 per kg for sheet rubber. The grade improved to Rs 77 a ... More

AUTOMOBILE COMPONENTS

Sundaram Brake posts Rs 2.22 crore net
SUNDARAM Brake Linings Ltd has reported a net profit of Rs 2.22 crore on sales of Rs 34.22 crore for the quarter ended December 31, 2005 against a profit of Rs 2.60 crore on sales of Rs 33.19 crore for the same period last year. Domestic sales ... More

Tube Investments to invest Rs 30 cr in China plant
TUBE Investments of India Ltd, a Murugappa group company, plans to invest about Rs 30 crore in a greenfield precision tube manufacturing facility in China. According to the Tube Investments' Chairman, Mr M.A. Alagappan, the plant will have an ... More

Amara Raja net up at Rs 6.86 cr on higher volumes
AMARA Raja Batteries Ltd has reported a profit after tax of Rs 6.86 crore on sales of Rs 97.77 crore in the third quarter of this year compared to a profit of Rs 1.42 crore on sales of Rs 60.50 crore for the same period last year. The growth in ... More

HARDWARE

Moser Baer Q3 PAT at Rs 13 cr
MOSER Baer India today registered a profit after tax of Rs 13.04 crore (post write-back of deferred tax) for the third quarter ended December 2005 against a net loss of Rs 31.73 crore in the year-ago period. The company's gross revenues stood ... More

SOFTWARE

Kale posts 31 pc rise in revenues
KALE Consultants Ltd (Kale), a software solutions and outsourcing services provider to the travel & transportation industry, has recorded a 31 per cent rise in revenues of Rs 16.38 crore for the quarter ended December 31, 2005, against Rs 12.46 . More

MRO Tek posts Rs 4.6-cr net
MRO Tek, a network access products company on Wednesday announced an interim dividend of Rs 1.25 (25 per cent) per share of Rs 5. The decision, taken by the board of directors at a meeting, comes in the wake of the company's improved financial ... More

Teledata Info net rises to Rs 39 cr
TELEDATA Informatics Ltd, Chennai-based software company, has reported a net profit of Rs 38.96 crore on revenues of Rs 222.21 crore for the quarter ended December 31, 2005 compared with a net profit of Rs 20.34 crore on revenues of Rs 82.25 ... More

METALS

Nava Bharat Ferro Q3 net plunges
NAVA Bharat Ferro Alloys Ltd (NBFAL) has suffered a substantial fall in net profit for the third quarter of current fiscal ended December 2005 despite a significant growth in turnover. As per the unaudited financial results, the company ... More

HOUSING FINANCE

Dewan Housing net up 60 pc
DEWAN HOUSING Finance Ltd has reported a net profit of Rs 9.33 crore for the third quarter ended December 31, 2005; this is 60 per cent higher than the net profit for the corresponding year-ago quarter. The total income grew by 45 per cent to ... More

GLASS

Asahi India net dips
AS a result of last year's heavy flooding in the Western States, Asahi India Glass (AIS) has reported a 89.89 per cent drop in its net profit at Rs 2.47 crore for the quarter ending December 31 as compared to Rs 24.44 crore in the corresponding ... More

PUBLIC SECTOR BANKS

IOB net up 22 pc in Q3 on rise in advances, deposits
INDIAN Overseas Bank posted a net profit of Rs 197.21 crore for the quarter ended December 31, 2005, a rise of over 22 per cent from Rs 161.21 crore in the year-ago quarter, due to rise in advances and deposits. The bank is also looking to ... More

Indian Bank ties up with PNB Principal companies — Q3 net rises 65 pc to Rs 123 cr
INDIAN Bank will offer insurance advisory and financial management services in its branches. It has tied up with PNB Principal Insurance Advisory Co Pvt Ltd for offering insurance services to its customers and with PNB Principal Financial ... More