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| Pentamedia Graphics Q2 net profit at Rs 258/- million |
Pentamedia Graphics Ltd has posted a net profit of Rs 258/- million for the quarter ended September 30, 2000 as compared to Rs 256.10 million in the quarter ended September 30, 2000. Net sales for the quarter ended September 30, 2000 are at Rs 984.50 million in the quarter ended September 30, 99. Other income has increased from Rs 40.2 million in SQ 99 to Rs 99.50 million in the quarter ended September 30, 2000.
Figure for the quarter ended 30th September, 1999 represents only Multimedia Division which was not separately audited since the Business Software Division was subsequently hived off to Pentasoft Technologies Limited
NUM TV the WebCasting Division has entered commercial operations during the current period
The company obtained the SEI-CMM level 4 Certification and has tied up with Malaysian Super Coridor IDA-Singapore, TARA-India SIRASA Srilanka during the current half year. |
| Kotak Mahindra Q2 net profit up by 271.93% |
Kotak Mahindra Finance Ltd has posted a net profit of Rs 112.94 million for the quarter ended September 30, 2000 as compared to Rs 30.37 million in SQ 99. Income from operations for SQ 2000 is at Rs 425.76 million as compared to Rs 417.45 million in the quarter ended September 30, 99. Other income for the quarter ended September 30, 2000 is at Rs 131.36 million as compared to Rs 101.58 million in SQ 99.
The funds from the Rights issue completed in March 2000 are deployed in short term instruments. |
| Supreme Industries Q1 net profit down by 59.04% |
Supreme Industries Ltd has posted a net profit of Rs 10.78 million for the quarter ended September 30, 2000 as compared to Rs 26.33 million in SQ 99. Total Income for the quarter ended September 30, 2000 is at Rs 1117.57 million as compared to Rs 1227.06 million in SQ 99.
The Company has processed 15,396 MT's of Polymers during the first quarter of the current year as compared to 16,510 MT's in the corresponding quarter of the previous year.
The quantum of Polymers processed and the sales turnover achieved during the quarter is lower than the previous years first quarter mainly due to:
a. Re-structuring of PP Mats business to lower levels and
b. Shrinkage in demand for soft drink bottle crates.
During the quarter under review the margins were under pressure due to steep increase in prices of raw material, which could not be passed on fully to the customers.
There was fire occurance in one of the sections of the Daman Factory on October 9, 2000 resulting in loss of around Rs.35/- million to the assets. The assets were fully insured. The production facilities have been fully restored since October 13, 2000. |
| TVS Suzuki Q2 net profit down by 18.29% |
| TVS Suzuki Ltd has posted a net profit of Rs 202.40 million for the quarter ended September 30, 2000 as compared to Rs 247.70 million in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 4693.80 million as compared to Rs 4206.30 million for SQ 99. Other income has fallen from Rs 54.10 million in SQ 99 to Rs 34.90 million in SQ 2000. |
| Atlas Copco Q3 net profit down by 33.20% |
Atlas Copco Ltd has posted a net profit of Rs 16.7 million for the quarter ended September 30, 2000 as compared to Rs 25/- million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 294.60 million as compared to Rs 250.50 million in SQ 99. Other income for the quarter ended September 30, 2000 is at Rs 5/- million as compared to Rs 9.50 million in SQ 99.
The legal formalities of merger of Chicago Pneumatic India Ltd with the company are in progress. |
| Global Tele-Systems enters into professional agreement with Cisco |
Global Tele-Systems has informed BSE you that it has entered into an Agreement with Cisco systems Inc., a worldwide leader in Networking for the Internet. Cisco provides end to end networking solutions that customers use to build a unified information infrastructure of their own, or to connect to someone else's network.
Measured by market capitalization of US$ 393 billion, Cisco is amongst the largest in the world.
The salient features of Company's Agreement with Cisco are as under:
1. Duration of the Agreement : The Agreement shall be valid for a period of four (4) years from the date of execution.
2. Locations covered: The Agreement allows Global to render services to Cisco, for its clients spread over a very wide area, which in addition to India includes Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Tailand Vietnam, etc.
3. Scope of Work: Under this Agreement Global will provide customer specific services for Engineering, furnishing and installing of Cisco's equipment as per mutual agreement, In addition, Global shall also be responsible for providing services of Systems Integration. Implementation, software, Product development, License products, Operating Services etc.
Towards this end Global shall provide all resources, facilities, Management, manpower, expertise, skills, tools and equipment, as it may deem necessary, for the desired performance.
4. Compensation : The contribution to profitability in the short and long term is likely to be substantial and would help in the improvement of the bottom-line considerably. The Company would make appropriate announcement in this regard when found necessary.
The Companys earnings in services will help the company in consolidating its position as a services provider, in the field of internet Infrastructure and Data Networks Space. |
| HCL Infosystems Q1 net profit up by 27.01% |
HCL Infosystems Ltd has posted a net profit of Rs 192.15 million for the quarter ended September 30, 2000 as compared to Rs 151.28 million in SQ 99. Net sales for SQ 2000 are at Rs 2925.62 million as compared to Rs 2267.51 million in SQ 99. Other income has increased from Rs 19.59 million in SQ 99 to Rs 21.28 million in SQ 2000.
Pursuant to the approval of the shareholders at the Extra Ordinary General Meeting held on 25th February, 2000 and the Board of Directors at their meeting held on 10th August, 2000, 3009400 options (each conferring on the employee a right to get one equity share of Rs 10 each at an exercise price), have been granted to employees at an exercise price of Rs 289.00 being the market price at the grant date.
During the current quarter the company has subscribed Rs 145/- million towards equity in its subsidiary HCL InfiNet Limited. |
| Sun Pharmaceuticals Q2 net profit up by 41.29% |
Sun Pharmaceuticals Industries Ltd has posted a net profit of Rs 322/- million for the quarter ended September 30, 2000 as compared to Rs 227.90 million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 1518.60 million as compared to Rs 1128.80 million in SQ 99. Other income for SQ 2000 is at Rs 33/- million as compared to Rs 5.80 million in SQ 99.
Sun Pharmaceutical Exports Ltd a 99.28% Subsidiary of the company is proposed to be merged with the Company effective 1st April 2000. Subject to the approval of Honorable High Court of Gujarat. |
| Oriental Bank of Commerce Q2 net profit down by 5.90% |
| Oriental Bank of Commerce has posted a net profit of Rs 751.60 million for the quarter ended September 30, 2000 as compared to Rs 798.70 million in SQ 99. Interest earned for the quarter ended September 30, 2000 is at Rs 6715.80 million as compared to Rs 6114.80 million in SQ 99. Other income for SQ 2000 is at Rs 520.60 million as compared to Rs 620.60 million in SQ 99. |
| UTI Bank Q2 net profit up by 158.18% |
UTI Bank Ltd has posted a net profit of Rs 190.80 million for the quarter ended September 30, 2000 as compared to Rs 73.90 million for the same period last year. Interest earned for SQ 2000 is at Rs 2106/- million as compared to Rs 1135.50 million in SQ 99. Other income has increased from Rs 173.70 million in SQ 99 to Rs 288.70 million in SQ 2000.
The Board of Directors of UTI Bank at its meeting held today (October 18, 2000) has approved the Employee Stock Option Plan to be offered to its employees and Directors The Board has decided to obtain the approval of shareholders for grant of option equivalent to 1,30,00,000 equity shares in one or more tranches. |
| Nicholas Piramal Q2 net profit up by 30.73% |
| Nicholas Piramal India Ltd has posted a net profit of Rs 184.60 million for the quarter ended September 30, 2000 as compared to Rs 141.20 million in SQ 99.Net sales for the quarter ended September 30, 2000 are at Rs 1441.60 million as compared to Rs 1229.10 million in SQ 99. Other income for SQ 2000 is at Rs 19.50 million as compared to Rs 23.20 million in SQ 99. |
| Tisco Q2 net profit up by 75.91% |
| Tata Iron and Steel Company Ltd has posted a net profit of Rs 1150.30 million for the quarter ended September 30, 2000 as compared to Rs 653.90 million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 18703.40 million as compared to Rs 17074.50 million in SQ 99. Other income has increased from Rs 125.80 million in SQ 99 to Rs 206.60 million in SQ 2000. |
| HDFC Bank Q2 net profit up by 75.61% |
HDFC Bank Ltd has posted a net profit of Rs 491.70 million for the quarter ended September 30, 2000 as compared to Rs 280/- million in SQ 99. Interest earned for SQ 2000 is at Rs 2928.80 million as compared to Rs 1438.20 million in SQ 99. Other operating income which relates to income from non-fund based banking activities including commissions fees, foreign exchange earnings and earnings from debt securities is at Rs 367.40 million for SQ 2000 as compared to Rs 270.40 million in SQ 99.
Consequent on the merger of Times Bank Ltd with the Bank effective 26th February, 2000, figures for the current period are not comparable with those of the corresponding period in the previous year. |
| Bajaj Auto Q2 net profit down by 60.82% |
Bajaj Auto Ltd has posted a net profit of Rs 538.30 million for the quarter ended September 30, 2000 as compared to Rs 1373.90 million in the same period last year. Net sales for the quarter ended September 30, 2000 are up by 7.50% at Rs 9858.10 million as compared to Rs 9170.20 million in SQ 99. Other income has fallen from Rs 923.80 million in SQ 99 to Rs 720.20 million in the current quarter ended September 30, 2000.
A six day week has been restored at the Company's plant at Akurdi from September 29,2000.
The Company had announced Voluntary Retirement Scheme for its employees in responce to which approximately 2,000 employees have opted for the scheme. Liability aggregating to Rs.812.20 million to date in respect of the same will be charged equally over three quarter of the year. Accordingly a sum of Rs.271/- million has been charged in the current quarter and the balance amount of Rs.541.20 million together with any further sums in this regard will be charged equally over the remaining two quarters. |
| Nocil Q2 results on October 25, 2000 |
| A meeting of the Board of Directors of National Organic Chemical Industries Ltd has been convened on October 25, 2000 to consider and take on record the unaudited financial results of the company for the quarter ended September 30, 2000. |
| Indo Gulf Corporation Q2 results on October 30, 2000 |
| A meeting of the Board of Directors of Indo Gulf Corporation Ltd has been convened on October 30, 2000 to consider and take on record the audited financial results of the company for the quarter ended September 30, 2000. |
| SSI Q1 results on October 30, 2000 |
| A meeting of the Board of Directors of SSI Ltd has been convened on October 30, 2000 to consider and take on record the audited financial results of the company for the first quarter ended September 30, 2000. |
| Compact Discs launches new website |
| Compact Discs India Ltd has launched a website www.loandefaulters.com-revealing list of 36000 familiar names and distinguished businessmen who are prime loan defaulters. |
| Cholamandalam Distribution becomes subsidiary of Cholamandalam Investment |
| Cholamandalam Investment & Finance Ltd. has informed BSE that, Cholamandalam Distribution Ser. Ltd has become a wholly owned subsidiary of the company wef September 28, 2000, consequent to company's subscribing to a private placement of 15,00,000 equity shares of Rs.10/- each at par of Cholamandalam Dist.Ser.Ltd. |
| Nestle to appoint Mr.Tejendra Khanna as Non-Executive Director |
A meeting of the Board of Directors of Nestle India Ltd is scheduled to be held on October 24th, 2000 to consider appointment of Mr. Tejendra Khanna as a Non-Executive Director of the Company. The position is currently held by Mr.Lim Khing Fong.
Mr.Tejendra Khanna who served as the Lt.Governor of Delhi during 1997-98, has had a distinguished career with the Government after joining the Indian Administrative Services in 1961 , includes the position of Commerce Secretary and Food Secretary to the Government of India, Chief Secretary to the Government of Punjab and Chief Controller of Imports and Exports. He is currently the Chairman of Ranbaxy Laboratories Limited and Chairman of the Indian Advisory Board, Standard Chartered Bank. |
| Pidilite Q2 net profit up by 8.58% |
| Pidilite Industries Ltd has posted a net profit of Rs 135.40 million for the quarter ended September 30, 2000 as compared to Rs 124.70 million for the same period last year. Net sales for the quarter ended are at Rs 1145.90 million as compared to Rs 955.30 million in the same period last year. Other income for the quarter ended September 30, 2000 is at Rs 16.80 million as compared to Rs 17/- million in SQ 99. |
| Grasim to consider amalgamation of Dharani Cements |
| At the Board meeting to be held on October 20, 2000 the Board of Directors of Grasim Industries Ltd will consider a proposal for amalgamation of Dharani Cements Ltd , a wholly owned subsidiary of the company with the company through a scheme of amalgamation under Sec 391/394 of the Companies Act in the said meeting. |
| Nirma Q2 net profit up by 7.19% |
| Nirma Ltd has posted a net profit of Rs 689.5 million for the quarter ended September 30, 2000 as against Rs 643.2 million for the same period last year. Net sales of the Company for SQ 2000 grew by 39.9% to Rs 4826.70 million as compared to Rs 3450/- million in the quarter ended September 30, 1999. Other income has fallen from Rs 89/- million in SQ 99 to Rs 29.50 million the quarter ended September 30,2000. |
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