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May 5, 2000
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| GHCL MQ 2000 net profit slides 62%, turnover down by 7%
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| Gujarat Heavy Chemicals Ltd has recorded a 62% decline in the net profit for the quarter ended March 31, 2000. The net profit for the quarter stood at Rs 61.60 million as against Rs 160.30 million in MQ 99. The turnover for the quarter was 7% down at Rs 1124/- million as compared to Rs 1208/- million in MQ 99. The other income for the quarter was Rs 2.90 million while the same was Rs 10.20 million in MQ 99. For the year ended March 31, 2000 the net profit was Rs 224.60 million as against Rs 418.50 million in FY 99. The sales for the year were Rs 2817.10 million as compared to Rs 4034.20 million in FY 99. The company has attributed the decline in the profits to the lower level of realisation of Soda Ash due to competition from imports, inspite of the volume of production being higher than the previous year.
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| Himatsingka Seide net improves 41%, turnover up by 34%
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| Himatsingka Seide Ltd has registered a net profit of Rs 406.94 million on a turnover of Rs 1138.86 million for the financial year ended March 31, 2000. This represents a 40.55% rise in the net profits and a 34.30 % growth in the turnover for the year under consideration over Rs 289.54 million and Rs 848.02 million respectively in FY 99. The other receipts for the year were Rs 29.80 million as against Rs 21.70 million in FY 99. The company had reserves of Rs 1510.61 million and an equity share capital of Rs 191.17 million as on March 31, 2000. The Board has not recommended any final dividend for the year. The company had earlier during the year declared two interim dividends of Rs 2.50 per share and RS 3/- per share totaling to Rs 5.50 per share.
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| Nalco Chemicals net profit rises 13%, turnover up by 16%
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| Nalco Chemicals Ltd has reported a net profit of Rs. 75.45 million for the financial year ended March 31, 2000 as against Rs. 66.81 million in FY 99. The sales are up by 16.25% at Rs 574.60 million. Other income is Rs. 2.19 million (FY 99 Rs million). The depreciation charges for the year were Rs 20.95 million as compared to Rs18.38 million in FY 99. The interest charges were 2.41 million (FY 99 Rs 2.68 million). The company provided Rs 50 million for tax as against Rs 41 million in FY 99. The Board had recommended an interim dividend of 40% for the year 1999-2000 at its meeting held on April 5, 2000.
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| GEI Hamon records net loss of Rs. 9.90 million in MQ 2000
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| GEI Hamon Industries Ltd has reported a net loss of Rs. 9.90 million for the quarter ended March 31, 2000 as against a profit of Rs. 2.53 million in MQ 99. The sales are down by 65.96 % to Rs 47.74 million.(MQ 99 Rs. 140.22 million) Other income is Rs. 1.41 million (MQ 99 Rs. 1.90 million). For the year ended March 31, 2000 the company posted a loss of Rs. 29.69 million, as compared to a profit of Rs. 14.82 million in the previous financial year. The annual sales have fallen by 56.25% to Rs. 158.78 million as against Rs. 362.91 million in the financial year ending March 1999.
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| Vidhi Dyestuffs declares 10% interim dividend
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| At a meeting held on May 5, 2000, the Board of Directors of Vidhi Dyestuffs Mfg Ltd declared an interim dividend of 10% (i.e. Re. 1/- per share) for the year 2000-2001. The Record Date for the same is
May 29, 2000.
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| Pradeep Drug Company posts net loss of Rs. 1.88 million in MQ 2000
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| Pradeep Drug Company Ltd has reported a net loss of Rs. 1.88 million for the quarter ended March 31, 2000 as against a loss of Rs. 4.74 million in MQ 99. The sales are down by 35.04% at Rs 46.07 million. (MQ 99 Rs. 70.91million). Other income is Rs. 5.12 million (MQ 99 Rs. 4.15 million). For the year ended March 31, 2000 the company recorded a loss of Rs. 5/- million, as compared to a loss of Rs. 14.36 million in the previous financial year. The annual sales are marginally higher by 2.70 % at Rs. 216.21million as against Rs. 210.52 million in the financial year ending March 1999. The other income for FY 2000 was Rs. 8.18 million which includes Rs. 6.236 million related to accounts waived by sundry/loan creditors while making one time settlement of their accounts.
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| Vintage Foods net profit grows 66.25% in MQ 2000
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| Vintage Foods & Industries Ltd has reported a net profit growth of 66.25% at Rs. 3.77 million for the quarter ended March 31, 2000 as against Rs. 2.27 million in MQ 99. The sales are up by 88.84 % at Rs 58.50 million (MQ 99 Rs. 30.98 million). Depreciation charges for MQ 2000 ended higher at Rs. 3/- million as compared to Rs. 0.764 million in MQ 99.
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| Torrent Cables net profit falls 8.13% to Rs. 1.84 million in MQ 2000
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| Torrent Cables Ltd has reported a net profit of Rs. 1.84 million for the quarter ended March 31, 2000 as against Rs. 2.01million in MQ 99, a decline of 8.13%. The sales have fallen by 32.50% at Rs 126.42 million. Other income is Rs. 1.21 million (MQ 99 Rs 1.55 million). For the year ended March 31, 2000, the company recorded a loss of Rs. 25/-million, as compared to a loss of Rs. 118.47 million in the previous financial year. The annual sales are down by 19.39 % up at Rs. 504.22 million as against Rs. 625.50 million in the financial year ending March 1999.
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| Gujarat Lease Financing MQ 2000 net loss at Rs. 1371.90 million
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| Gujarat Lease Financing Ltd has recorded a net loss of Rs. 1371.90 million for the quarter ended March 31, 2000 as against a loss of Rs. 366/- million in MQ 99. The net provision for NPA's/Bad Debts has increased from Rs. 221/- million in MQ 99 to Rs. 779.20 in MQ 2000. The sales have fallen by 76.49 % to Rs 79.20 million (MQ 99 Rs. 336.90 million) Other income is Rs.14.70 million (MQ 99 Rs. 23.10 million). For the year ended March 31, 2000, the company reported a loss of Rs. 1885.10 million, as compared to a loss of Rs. 584.40 million in the previous financial year. The annual sales are 54.73% lower at Rs. 635.90 million as against Rs. 1404.80 million in the financial year ending March 1999.
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