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Nirma Q1 net profit up by 32.16%, sales up by 55.38%

Nirma Ltd has posted a net profit of Rs 676 million for the quarter ended June 30, 2000 as compared to Rs 511.50 million for the quarter ended June 30,99. Net Sales for the quarter ended June 30, 2000 are up by 55.38% at Rs 5521.40 million as compared to Rs 3553.50 million for the quarter ended June 30, 99 Other income for the quarter ended June 30, 2000 is at Rs 27.90 million as compared to Rs 69.20 million for the quarter ended June 30, 99.

Siemens Q3 net profit at Rs 148.41 million

Siemens Ltd has posted a net profit of Rs 148.41 million for the quarter ended June 30, 2000 as compared to Rs 18.20 million for the same period last year. Net sales for the quarter ended June 30, 2000 are up by 8.71% at Rs 2248.31 million as compared to Rs 2068.23 million in the quarter ended June 30,99. Other income has increased from Rs 101.69 million in JQ 99 to Rs 211.39 million in the quarter ended June 30, 2000.

Raymond Q1 net loss at Rs 356.80 million

Raymond Ltd has posted a net loss of Rs 356.80 million for the quarter ended June 30, 2000 as compared to a net loss of Rs 213.90 million for the same period last year. Net sales for the quarter ended June 30, 2000 are up by 1.24% at Rs 2415.70 million as compared to Rs 2386.10 million in the same period last year. Other income has increased from Rs 20.40 million in JQ 99 to Rs 26.50 million in the quarter ended June 30, 2000. .Sales of the Textiles Division which contributes substantially to the Company s total sales and profitability are of seasonal nature and the bulk of the despatches of high value fabrics take place during the later part of the year. Hence the first quarters performance is not representative of the full years performance.

ACC Q1 net loss at Rs 95/- million

Associated Cement Companies Ltd has posted a net loss of Rs 95/- million for the quarter ended June 30, 2000 as compared to a net profit of Rs 70.20 million for the same period last year. Net sales for the quarter ended June 30, 2000 are at Rs 7653.70 million as compared to Rs 7011/- million in the quarter ended June 30,99. Other income for the quarter ended June 30, 2000 is at Rs 93/- million as compared to Rs 70.50/- million in the same period last year. As against the overall growth in demand for the cement industry of around 5% the total volume of cement sales (including traded cement) of the company has shown an increase of 13% during the first quarter as compared to the corresponding period of the previous year. There has been a decline in price realisation by about 5% as compared to the corresponding period of the previous year, which has adversely affected the operating profit margins. In view of the success being achieved in the management of costs coupled with evident signs of improvements of market conditions due to cement supply demand moving closer to equilibrium, the performance of the company is expected to improve.

Colgate Palmolive Q1 net profit at Rs 134/- million

Colgate Palmolive India Ltd has posted a net profit of Rs 134/- million for the quarter ended June 30, 2000 as compared to Rs 121/- million for the same period last year. Net sales for the quarter ended June 30, 2000 are up by 2.36% at Rs 2948 million as compared to Rs 2880/- million in the same period last year. Other income for the quarter ended June 30, 2000 is at Rs 23/- million as compared to Rs 40/- million for the quarter ended June 30, 99.Increase in excise duty following the Fiscal Policy 2000-01 Union Budget has had an adverse impact on the cost structure.

Reckitt & Colman Q2 net profit up by 32.21%

Reckitt & Colman Ltd has posted a net profit of Rs 82.50 million for the quarter ended June 30, 2000 as compared to Rs 62.40 million for the same period last year. Net sales for the quarter ended June 30, 2000 are at Rs 1426.70 million as against Rs 1290.10 million in the quarter ended June 30, 99. Other income has increased from Rs 18.70 million in the quarter ended June 30, 99 to Rs 43.10 million in the quarter ended June 30, 2000. Other Income includes an amount of Rs 20.90 million arising from the disposal of immovable property. Improved cash management resulted in significantly lower interest cost at Rs 0.6 million for the quarter ended June 30, 2000 as compared to Rs 10.10 million in the quarter ended June 30, 99.

Punjab Tractors Q1 net profit down by 29.43%

Punjab Tractors Ltd has posted a net profit of Rs 247/- million in the quarter ended June 30, 2000 as compared to Rs 350/- million in the same period last year. Total Income for the quarter ended June 30, 2000 is at Rs 2497.80 million as compared to Rs 3171.30 million for the same period last year. After shareholders approval in the Annual General Meeting, 5th August 2000 has been fixed as the Record Date for the Companys 2:1 Bonus Issue.

United Phosphorus June quarter net profit at Rs 62.41 million

United Phosphorus Ltd has posted a net profit of Rs 62.41 million for the quarter ended June 30, 2000 as compared to Rs 58.77 million for the same period last year. Net sales for the quarter ended June 30, 2000 are up by 15.47% at Rs 1158.23 million as compared to Rs 1003.05 million for the quarter ended June 30, 99. Other income has fallen from Rs 52.89 million in the quarter ended June 30, 99 to Rs 17.62 million in JQ 2000.

Bombay Dyeing Q1 net down by 82.01%

Bombay Dyeing has posted a net profit of Rs 11.30 million for the quarter ended June 30, 2000 as compared to Rs 62.80 million for the same period last year. Net sales for the quarter ended June 30, 2000 are higher by 11.46% at Rs 2301.80 million as compared to Rs 2065.10 million in the same period last year. Other income has fallen from Rs 192.30 million in the quarter ended June 30, 99 to Rs 176.60 million in the quarter ended June 30, 2000.The market for Polyester was depressed during the first quarter and has affected DMT prices. Raw material and fuel costs on the other hand, went up due to increase in International prices of oil. While this has had a negative impact on the financial performance of the Division, the outlook for DMT is currently better. Sales of the Textile Division, mainly in the high value Made-up segment have been adversely affected due to increase in excise duty from 8% to 16%. While salaries and wages costs have been contained through proactive measures, sharp increases in rates for power and fuel oil have not been compensated higher price realisations. Consequently, the margins of the Division are under severe pressure.

Other income helps Tata Tea Q1 net profit grow by 48.10%

Tata Tea has posted a net profit of Rs 386.40 million for the quarter ended June 30, 2000 as compared to Rs 260.90 million in the same period last year. Net sales for the quarter ended June 30, 2000 are down by 9.88% at Rs 1924.60 million as against Rs 2135.60 million in the quarter ended June 30, 99. Other income has grown from Rs 1.50 million in the quarter ended June 30, 99 to Rs 305.40 million in the quarter ended June 30, 2000. Other income includes dividend from subsidiary companies & interim dividends received on other investments which in the previous year were received in subsequent quarters. Due to favourable weather conditions, the Companys production is 13% higher during the quarter ended June 30, 2000 as compared to the same period last year. However the tea prices, in all auction centres which witnessed a sharp decline during the major part of the last financial year, have fallen further, especially in South India. Increases in cost of inputs & staff costs arising out of industry-wide wage settlements alongwith lower branded tea sales in South India have affected operating profits.

Mahindra & Mahindra Q1 net profit down by 33.14%

Mahindra & Mahindra Ltd has posted a net profit of Rs 342.76 million for the quarter ended June 30, 200 as compared to Rs 512.67 million for the same period last year. Net sales for the quarter ended June 30, 2000 are lower by 2.77% at Rs 8484.93 million as compared to Rs 8726.74 million for the same period last year. Other income has increased from Rs 237 million in the quarter ended June 30,2000 to Rs 357.40 million in the quarter ended June 30, 2000. During the quarter ended 30th June, 2000 the Company has made investment through its subsidiary Mahindra Information Technology Services Limited in the equity capital of Mahindra Infotech Inc. making it a wholly owned subsidiary. During the current quarter, the Company also made certain long term investment in a subsidiary amounting to Rs 36.60 million

BPCL Q1 net profit down by 6.94%, sales rise 82.89%

Bharat Petroleum Corporation Ltd. has posted a net profit of Rs 1876 million for the quarter ended June 30, 2000 as compared to Rs 2016 million for the quarter ended June 30, 99.Net sales for the quarter ended June 30, 2000 are up by 82.89% at Rs 108087 million as compared to Rs 59106 million for the same period last year. Other income has grown from Rs 301 million in JQ 99 to Rs 340/- million in the quarter ended June 30, 2000. The increase in income from operations reflect the increases in prices and sale of Chennai Petroleum Corporation products to other oil companies.

Indian Oil Q1 net profit down by 21.20%

Indian Oil Corporation Ltd. has posted a net profit of Rs 5096.80 million for the quarter ended June 30, 2000 as compared to Rs 6467.70 million for the quarter ended June 30, 99. Income from operations is however up by 49.81% for the quarter ended June 30, 2000 at Rs 278134.70 million as compared to Rs 185663.10 million for the same period last year. Other income has increased from Rs 1068.80 million in JQ 99 to Rs 1847.40 million in the quarter ended June 30, 2000.

SmithKline Beecham Consumer Q2 net profit up by 40.74%, declares 30% dividend

SmithKline Beecham Consumer Healthcare Ltd. has posted a net profit of Rs 278.10 million for the quarter ended June 30, 2000 as compared to Rs 197.60 million for the same period last year. Net sales for the quarter ended June 30, 2000 are up by 28.64% at Rs 2084.30 million as compared to Rs 1620.30 million for the quarter ended June 30, 99. Other income has increased from Rs 50.80 million in JQ 99 to Rs 54.70 million in the quarter ended June 30,2000.The Board of Directors has declared an interim dividend of 30% for the year ending 31.12.2000.

Birla Ericsson Q1 down by 16.39%

Birla Ericsson Optical Ltd. has posted a net profit of Rs 25.50 million for the quarter ended June 30, 2000 as compared to Rs 30.50 million for the same period last year. Net sales for the quarter ended June 30, 2000 are at Rs 219/- million as compared to Rs 242/- million for the same period last year. Other income is at Rs 0.10 million for the quarter ended June 30, 2000 as compared to Rs 1.60 million for the same period last year.

Aptech acquires US based software consulting company for US $ 9.7 million

Aptech Ltd. has acquired Specsoft Consulting Inc a San Jose California, USA based company for a total consideration of approximately US $ 9.7 million. The consideration is payable over two years with an initial payment of US $ 3.5 million and the balance payment is linked to the earnings over the next two years. The company is a software consulting and IT services company. Its core business focus is on Unix/NT System Software Networking Telecom and emerging Web related technology consulting both on-site and off-site in the United States.The existing clientele of Specsoft Consulting include several fortune 500 companies such as Cisco, Amd, Oracle, Fujitsu, Ami, Sun, Sybase, 3-Com.

Cinevista Communication Q1 net profit at Rs 22.01 million

Cinevista Communications Ltd has posted a net profit of Rs 22.01 million for the quarter ended June 30, 2000 on net sales of Rs 138.42 million. Other income for the quarter ended June 30, 2000 is at Rs 6.91 million. Pursuant to the recent notification issued by SEBI, equity shares of the Company have been brought under compulsory demat trading for all investors with effect from 24th July, 2000.

Deepak Nitrite Q1 net profit down by 24.73%, sales up by 18.76%

Deepak Nitrite Ltd has posted a net profit of Rs 20.27 million for the quarter ended June 30,2000 as compared to Rs 26.93 million in the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are at Rs 471.22 million as compared to Rs 396.77 million in the quarter ended June 30, 99. Other income has increased from Rs 6.37 million in JQ 99 to Rs 13.50 million in JQ 2000. Substantial increase in the prices of major raw materials like Ammonia, Benzene, Toluene & Caustic/Chlorine have affected profitability for the period.

Rico Auto net profit up by 108.91%

Rico Auto Ltd has posted a net profit of Rs 42.20 million for the quarter ended June 30, 2000 as compared to Rs 20.20 million for the quarter ended June 30, 99. Total income for the quarter ended 30, June 2000 is at Rs 696.60 million as compared to Rs 375.20 million in the quarter ended June 30, 99.

Engineers India Q1 net profit at Rs 269.50 million

Engineers India Ltd has posted a net profit of Rs 269.50 million for the quarter ended June 30, 2000 as compared to Rs 240.30 million for the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up by 116.33% at Rs 2000/- million as compared to Rs 924.50 million for JQ 99. Other income for the quarter ended June 30, 2000 is at Rs 150/- million as compared to Rs 113.50 million in the quarter ended June 30, 99.

FAG Bearings Q2 net profit up by 62.84%

FAG Bearings India Ltd has posted a net profit of Rs 24.10 million for the quarter ended June 30, 2000 as compared to Rs 14.80 million in the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are at Rs 508/- million as compared to Rs 452.20 million for the quarter ended June 30, 99.Other income has decreased from Rs 5.70 million in JQ 99 to Rs 3.20 million in JQ 2000.

Shyam Telecom Q1 net profit at Rs 18.14 million

Shyam Telecom Ltd has posted a net profit of Rs 18.14 million for the quarter ended June 30, 2000 as compared to Rs 1.37 million in the quarter ended June 30, 99. Net sales for the quarter ended June 30,2000 are up by 80.93% at Rs 181.88 million as compared to Rs 100.52 million for the quarter ended June 30, 99. Other income has risen from Rs 4.69 million in JQ 99 to Rs 17.69 million in the quarter ended June 30, 2000. The Company has allotted 5 lacs equity shares of Rs 10/- each out of which 1,90,000 Shares have been allotted @ Rs 160/- including premium of Rs 150/- per equity shares & 3,10,000 shares have been allotted @ Rs 450/- including premium of Rs 440/- per Equity Share on 13th April, 2000 on preferential basis through private placement.

Tamil Nadu Newsprint Q1 net profit at Rs 132.30 million

Tamil Nadu Newsprint Ltd has posted a net profit of Rs 132.30 million for the quarter ended June 30, 2000 as compared to Rs 43.40 million for the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up 20.38% at Rs 1289.60 million as compared to Rs 1071.30 million in JQ 99. Other income has increased from Rs 28.10 million in JQ 99 to Rs 35.40 million in the quarter ended June 30, 2000.

Adani Exports Q1 net profit up 70%

Adani Exports Ltd has posted a net profit of Rs 277.10 million for the quarter ended June 30, 2000 as compared to Rs 163/- million in the same period last year. Net sales for the quarter ended June 30, 2000 are up by 18.47% at Rs 6315.60 million as compared to Rs 5330.80 million in the quarter ended June 30,99. Other income has increased from Rs 5.20 million in JQ 99 to Rs 89.60 million in the quarter ended June 30, 2000.

Other income helps Sundaram Clayton Q1 net profit to grow by 187.44%

Sundaram Clayton Ltd has posted a net profit of Rs 83.77 million for the quarter ended June 30, 2000 as compared to Rs 29.14 million in the same period last year. Net sales for the quarter ended June 30, 2000 are up by 18.24% at Rs 569.40 million as compared to Rs 481.54 million in the quarter ended June 30,99. Other income has increased from Rs 16.78 million in JQ 99 to Rs 82.68 million in the quarter ended June 30, 2000.

Crest Communication Q1 net profit up by 327.56%

Crest Communication Ltd has posted a net profit of Rs 13.50 million for the quarter ended June 30, 2000 as compared to Rs 3.16 million for the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up by 39.28% at Rs 56.07 million as compared to Rs 40.26 million for the quarter ended June 30, 99. Other income for the quarter ended June 30, 2000 is at Rs 4.61 million as compared to Rs 0.21 million for the quarter ended June 30, 99.

Linc Pen Q1 net profit up by 272.49%

Linc Pen & Plastics Ltd has posted a net profit of Rs 12.07 million for the quarter ended June 30, 2000 as compared to Rs 3.24 million in the quarter ended June 30, 99. Total Income for the quarter ended June 30, 2000 is at Rs 109.31 million as compared to Rs 51.17 million in JQ 99.

Premier Instruments Q1 net profit at Rs 40.20 million

Premier Instruments & Controls Ltd has posted a net profit of Rs 40.20 million for the quarter ended June 30, 2000 as compared to Rs 38.86 million for the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up by 33.70% at Rs 604.40 million as compared to Rs 452.05 million for the quarter ended June 30, 99. Other income for the quarter ended June 30, 2000 is at Rs 1.75 million as against Rs 0.99 million for the quarter ended June 30, 99.

Denso India Q1 net profit at Rs 40.40 million

Denso India Ltd has posted a net profit of Rs 40.40 million for the quarter ended June 30, 2000 as compared to a net loss of Rs 14/- million for the quarter ended June 30, 99. Net sales for the quarter ended June 30, 2000 are up by 27.33% at Rs 511.50 million as compared to Rs 401.70 million for the quarter ended June 30, 99. Other income has increased from Rs 2.60 million in JQ 99 to Rs 3.20 million in the quarter ended June 30, 2000.

Other income helps Reliance Industrial Q1 net profit to grow by 4.19%

Reliance Industrial Infrastructure Ltd. has posted a net profit of Rs 52.20 million for the quarter ended June 30, 2000 as compared to Rs 50.10 million for the same period last year. Net sales for the quarter ended June 30, 2000 are down 24.65% at Rs 184/- million as compared to Rs 244.20 million in the quarter ended June 30, 99. Other income for the quarter ended June 30, 2000 is at Rs 19.60 million as compared to Rs 3.80 million for the quarter ended June 30, 99.

Hikal Chemical Q1 net profit up by 5.63%

Hikal Chemical Industries Ltd has posted a net profit of Rs 37.50 million for the quarter ended June 30, 2000 as compared to Rs 35.50 million for the same period last year. Net sales for the quarter ended June 30, 2000 are at Rs 231.30 million as against Rs 232/- million for the quarter ended June 30, 99. Other income for has increased from Rs 1.50 million in the quarter ended June 30, 99 to Rs 2.60 million in the quarter ended June 30, 2000.

Godfrey Philips Q1 net profit down by 3.41%

Godfrey Philips India Ltd has posted a net profit of Rs 113.30 million for the quarter ended June 30, 2000 as compared to Rs 117.30 million for the same period last year. Net sales for the quarter ended June 30, 2000 are down by 16.28% at Rs 2242.90 million as compared to Rs 2678.90 million for the quarter ended June 30, 99. Other income for the quarter ended June 30, 2000 is at Rs 26.90 million as against Rs 34.40 million in the quarter ended June 30, 99.In order to comply with the revised Accounting Standard (AS-2) on Valuation of Inventories the Company has changed its method of valuation of finished goods and work in process from direct costing to absorption costing by including appropriate share of production overheads in their valuation . As a result of this change, profit before tax for the current quarter i.e. June 30, 2000 is higher by Rs 4.60 million in comparison to the corresponding quarter.

Rallis India Q1 net loss at Rs 150.60 million

Rallis India Ltd has posted a net loss of Rs 150.60 million for the quarter ended June 30, 2000 as compared to a net profit of Rs 12.70 million in the same period last year. Net sales for the quarter ended June 30, 2000 are down by 22.78% at Rs 2215.70 million for the quarter ended June 30, 2000 as compared to Rs 2869.30 million in the quarter ended June 30, 99. Other income has increased from Rs 8.30 million in JQ 99 to Rs 15.20 million in the quarter ended June 30, 2000. The steep increase in excise duty from 8% to 16% and the sales tax increase in some states has had a very adverse effect on sales volume for the pesticide industry as a whole. Delayed recovery of fertiliser subsidies from Government of India have added to the interest burden of the Company, further affecting this quarters results.

Kotak Mahindra Finance Q1 net profit up by 265.57%

Kotak Mahindra Finance Ltd. has posted a net profit of Rs 150.42 million for the quarter ended June 30, 2000 as compared to Rs 41.15 million for the same period last year. Income from operations is up by 15.55% at Rs 435.31 million as compared to Rs 376.73 million for the same period last year. Other income has increased from Rs 115.14 million in JQ 99 to Rs 141.04 million in the quarter ended June 30, 2000. Provisions for non- performing assets have decreased from Rs 30.04 million in the quarter ended June 30, 99 to Rs 16.60 million in the quarter ended June 30, 2000.

Bajaj Auto Finance Q1 net down by 13.43%

Bajaj Auto Finance Ltd has posted a net profit of Rs 23.20 million for the quarter ended June 30, 2000 as compared to Rs 26.80 million for the same period last year. Income from operations is up by 20.58% at Rs 154.70 million for the quarter ended June 30, 2000 as against Rs 128.30 million in JQ 99. Other income has grown Rs 61.50 million in JQ 99 to Rs 107.30 million in the quarter ended June 30, 2000

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