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| Ansal Buildwell Q1 net down 39.9% |
| Ansal Buildwell Ltd has reported a net profit of Rs 2.22 million for the quarter ended June 30, 2000 as compared to profit of Rs 3.69 million reported in the corresponding quarter of the pervious year, a decline of 39.9%. Net sales in Q1 2000 stood at Rs 72.66 million as compared to sales of Rs 62.06 million in the corresponding period of the previous year. Other income for Q1 2000 stood at Rs 0.85 million as compared to Rs 1.80 million in Q1 1999. |
| Vardhman Ind Q1 net down 59.19% |
| Vardhman Industries Ltd. has reported a net profit of Rs 3.01 million for the quarter ended June 30, 2000 as compared to profit of Rs 7.38 million reported in the corresponding quarter of the pervious year, a decline of 59.19%. Net sales in the period stood at Rs 240.77 million as compared to sales of Rs 194.32 million in the corresponding period of the previous year. |
| Vallabh Steels Q1 net down 63.7% |
| Vallabh Steels Ltd. has reported a net profit of Rs 2.49 million for the quarter ended June 30, 2000 as compared to profit of Rs 6.85 million reported in the corresponding quarter of the pervious year, a decline of 63.7%. Net sales in the period stood at Rs 549.16 million as compared to sales of Rs 421.86 million in the corresponding period of the previous year. There was no other income during Q1 2000. Other income for Q1 1999 stood at Rs 0.11 million. |
| Jenson & Nicholson June quarter profits at Rs 0.69 million |
Jenson & Nicholson (India) Ltd. has reported a net profit of Rs 0.69 million for the quarter ended June 30, 2000 as compared to profit of Rs 1.03 million reported in the corresponding quarter of the pervious year, a decline of 33.07%. Net sales in the period stood at Rs 355.15 million as compared to sales of Rs 372.51 million in the corresponding period of the previous year. Other income stood at Rs 0.8 million as compared to Rs 1.56 million in the corresponding period of the previous year.
The company has extended the accounting year for 1999-2000 to 18 months ending 30th September 2000. 20,00,420 Optionally Convertible Debentures of Rs 100/-each fully paid have been issued during the period.
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| Tanu to consider stock split |
| Tanu Healthcare Ltd. has informed the BSE that a Board meeting has been called on August 16, 2000 at the registered office of the company to consider split of equity shares of the company. |
| ABG Heavy Ind Q1 net declines by 20.88% |
| ABG Heavy Industries Ltd. has reported a net profit of Rs 28.8 million for the quarter ended June 30, 2000 as compared to profit of Rs 36.4 million reported in the corresponding quarter of the pervious year, a decline of 20.88%. Net sales for Q1 2000 stood at Rs 154 million, a decrease of 17.03% as compared to sales of Rs 185.6 million in Q1 1999. Other income for Q1 2000 stood at Rs 0.6 million as compared to Rs 0.9 million in Q1 1999. |
| Porrits & Spencer Q1 net down 19.59%million |
| Porrits & Spencer (Asia) Ltd has reported a profit of Rs 7.8 million for the quarter ended June 30, 2000 as compared to profit of Rs 9.7 million reported in the corresponding quarter of the pervious year. Net sales for Q1 2000 stood at Rs 84.6 million, an increase of 3.17% as compared to sales of Rs 82 million in Q1 1999. Other income for Q1 2000 stood at Rs 1.1 million as compared to Rs 1 million in Q1 1999. |
| Kirloskar Pneumatic Q1 loss at Rs 30.8 million |
Kirloskar Pneumatic Company Ltd. has reported a net loss of Rs 30.8 million for the quarter ended June 30, 2000 as compared to loss of Rs 15.8 million reported in the corresponding quarter of the pervious year. Net sales for Q1 2000 stood at Rs 117.9 million, a decrease of 62.9% as compared to sales of Rs 317.8 million in Q1 1999. Other income for Q1 2000 stood at Rs 25.6 million as compared to Rs 10 million in Q1 1999, an increase of 156%.
The Company has stated that the Air Compressor business of the Company has been given on licence to K G Kholsa Compressors Ltd w.e.f. October 20, 1999, therefore the results for the quarter ending June 30, 2000 are not comparable with the corresponding previous period's results. |
| Banco Products Q1 net down 26.36% |
Banco Products Ltd. has reported a net profit of Rs 17.18 million for the quarter ended June 30, 2000, a decrease of 26.36% as compared to a profit of Rs 23.33 million reported in the corresponding quarter of the previous year.
Net sales for Q1 2000 stood at Rs 210.38 million as compared to Rs 226.72 million in Q1 1999. Other income for Q1 2000 stood at Rs 3.57 million, an decrease of 29.96% as compared to other income of Rs 5.09 million in Q1 1999. The Company had recently issued bonus shares in the ratio 1:1. |
| HBL Nife Q1 net up 65.63% |
HBL Nife Power Systems Ltd. (formerly Sabnife Power Systems Ltd) has reported a net profit of Rs 5.3 million for the quarter ended June 30, 2000, an increase of 65.63% as compared to a profit of Rs 3.2 million reported in the corresponding quarter of the previous year.
Net sales for Q1 2000 stood at Rs 210.9 million as compared to Rs 195.2 million in Q1 1999. Other income for Q1 2000 stood at Rs 3.1 million, an increase of 29.17% as compared to other income of Rs 2.4 million in Q1 1999.The Company has said that its business depends upon the fiscal year budget cycles of the Government and the Industry. Consequently, sales in the 1st quarter are generally about one eight of annual sales. |
| Texel Industries referred to BIFR |
| Texel Industries Ltd. has informed BSE that, due to adverse industry scenario and reasons beyond the control of the management, the net worth of the company has been fully eroded by the accumulated losses at the end of the financial year 1999-2000. As a statutory compliance, the Company has made reference to the BIFR according to the provisions of SICA, 1985. |
| The Board of Directors of Swojas Energy Foods Ltd. has recommended Voluntary Winding Up, subject to necessary approvals. |
| Swil to restructure operations |
| The Board of Directors of Swil Ltd. has agreed, in principle, to restructure of the existing operations of the company (and except Copper Division). The company proposes to transfer the other divisions of the company to a new company by way of a demerger. |
| Elbee Services to issue shares to strategic investors and promoters |
The Board of Directors of Elbee Services Ltd. has decided as under, subject to necessary approvals:
1. To issue, offer and allot 30,00,000 equity shares of Rs.10/- each or any convertible financial instruments (such as FCD/PCD/OFCD) convertible into equity shares within 18 months from the date of allotment to FIs/ FIIs /MFs /OCBs /Banks /Corporate Bodies / Companies /Persons /Strategic Investors.
2. To issue, offer and allot 25,00,000 equity shares of Rs.10/- each or any convertible financial instruments (such as FCD/PCD/OFCD) convertible into equity shares within 18 months from the date of allotment to the promoters viz. Mr. Sandip C. Shah, Mrs. Chandrika S. Shah and their associate companies and their nominees. |
| Kirloskar Ferrous Q1 loss at Rs 47.9 million |
| Kirloskar Ferrous Industries Ltd. has reported a net loss of Rs 47.9 million for the quarter ended June 30, 2000 as compared to loss of Rs 48 million reported in the corresponding quarter of the pervious year. Net sales for Q1 2000 stood at Rs 534.3 million, a decrease of 1.67% as compared to sales of Rs 543.4 million in Q1 1999. Other income for Q1 2000 stood at Rs 15 million same as in Q1 1999. |
| Bongaigaon Refinery Q1 net loss up 182.29% |
Bongaigaon Refinery and Petroleum Ltd. has reported a net loss of Rs 256.6 million for the quarter ended June 30, 2000, an increase of 182.29% as compared to loss of Rs 90.9 million reported in the corresponding quarter of the pervious year. Net sales for Q1 2000 stood at Rs 2814.1 million, an increase of 17.48% as compared to sales of Rs 2395.4 million in Q1 1999. Other income for Q1 2000 at Rs 39 million showed a decline of 10.76 % as compared to Rs 43.7 million in Q1 1999.
The company has said that on account of consistently high price of Crude Oil & low gate prices of controlled petroleum products, the margins in the refinery sector have dropped considerably. Due to the depressing trends in petrochemical & PSF, the company was forced to suspend the production of Petrochemical & PSF. |
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