Sterlite to consider buy-back

The Board of Directors of Sterlite Industries (India) Ltd will meet on October 31, 2000 to consider the following 1. To approve the un-audited financial results for the first quarter ended September 30, 2000 2. To consider buy-back of shares

Reliance Capital Q2 net profit at Rs 215.50 million

Reliance Capital Ltd has posted a net profit of Rs 215.50 million for the quarter ended September 30, 2000 as compared to Rs 215.20 million for the quarter ended September 30, 99. Income for operations is at Rs 1245.80 million for the quarter ended September 30, 2000 as compared to Rs 1157.60 million in the quarter ended September 30, 99. Other income for SQ 2000 is at Rs 9.30 million as compared to Rs 6.10 million in SQ 99. The paid up capital stands changed pursuant to receipt of allotment/call money of public cum rights issue and forfeiture of shares relating to Public/Rights Issue 1995.

Gati Corporation Board to consider allotment of Bonus shares

A meeting of the Board of Directors of Gati Corporation Ltd will be held on October 26, 2000 to consider allotment of Bonus shares recommended by the Board of Directors of the company on May 09, 2000 which was approved by the members at their Extra Ordinary General Meeting held on June 19, 2000.

Indian Shaving Q3 results on October 31, 2000

A meeting of the Board of Directors of Indian Shaving Products Ltd has been convened on October 31, 2000 to consider the unaudited financial results for the three months ended September 30, 2000 and also to consider proposed change in name of the company and consequential amendments in the Articles of Association.

Goodlass Nerolac Q2 net profit up by 110.34%

Goodlass Nerolac Paints India Ltd has posted a net profit of Rs 109.80 million for the quarter ended September 30, 2000 as compared to Rs 52.20 million in the quarter ended September 30, 99. Net sales for the quarter ended September 30, 2000 is at Rs 1557.40 million as compared to Rs 1268.40 million in SQ 99.Other income for the quarter ended September 30, 2000 is at Rs 35.70 million as compared to Rs 15.20 million in SQ 99.

Century Textiles Q2 net loss down by 89.28%

Century Textiles & Industries Ltd. has reported a net loss of Rs 31.6 million for the second quarter ended on September 30, 2000 as against a net loss of Rs 294.8 million in the same period last year. Net sales for SQ 2000 stood at Rs 5268.2 million as against Rs 5028.4 million in the SQ 99. Other income increased to Rs 234.6 million in SQ 2000 from Rs 148.4 million in SQ 99. The Company has made an application to the Central Government seeking permision u/s 205(2)(c) of the Companies Act, 1956 for exemption from providing depreciation in the Accounts for the both the years 2000-2001 and 2001-2002 in respect of three Divisions of the Company viz. Maihar Cement Unit II, Century Pulp & Paper and Century Denim which application is under consideration of the Government. In anticipation of the permission, no depreciation has been provided in respect of the said three Divisions, aggregating to Rs. 194.90 million for the quarter ended 30.09.2000. The figure of net profit for SQ 2000 is reflected accordingly.

Bank of Baroda Q2 net profit up by 15.25%

Bank of Baroda has posted a net profit of Rs 1266.40 million for the quarter ended September 30, 2000 as compared to Rs 1098.80 million in SQ 99. Total Income for the quarter ended September 30, 2000 is at Rs 15920.40 million as compared to Rs 14485.10 million in the quarter ended September 30,99. Investments as at 30th September 2000 have been valued on the basis of RBI guidelines for valuation of investments as at 31st March, 2000, at the YTM given by FIMMDA for 30.09.2000. Working results for the quarter ended 30th September, 2000 have been arrived at after considering provision for taxes, NPAs, depreciation on investments and terminal benefits of employees etc.on an estimated basis.

Thermax Q2 net loss at Rs 12.30 million

Thermax Ltd. has posted a net loss of Rs 12.3 million for the quarter ended September 30, 2000 as against a net profit of Rs 55.4 million in the same period last year. Net sales rose to Rs 1174.1 million in SQ 2000 from Rs 1067.2 million in SQ 99. Other income for quarter ended September 30, 2000 decreased to Rs 57.2 million as against Rs 112.8 million in the quarter ended September 30, 1999. Exceptional items of Rs 25.1 million in the SQ 2000 represents net of restructuring expenses of Rs 36.1 million & income of Rs 11/- million representing surplus on transfer of Fan business.

Asian Paints Q2 net profit at Rs 304.60 million, declares 30% interim dividend

Asian Paints Ltd has posted a 27.66% rise in net profits for the quarter ended September 30, 2000 as compared to the same period last year. Net profit has increased from Rs 238.60 million in SQ 99 to Rs 304.60 million in the quarter ended September 30, 2000. Net Sales for SQ 2000 stood at Rs 3480.90 million as against Rs 2726.50 million in the quarter ended September 30, 99. Other income has also risen from Rs 18.20 million in SQ 99 to Rs 37.30 million in the quarter ended September 30, 2000. The Board of Directors has approved the payment of interim dividend of Rs 3/- per equity share of Rs 10/- each (30%) for the financial year ended March 31, 2001.

Madras Cements Q2 net profit down by 7.52%

Madras Cements Ltd has posted a net profit of Rs 253.10 million for the quarter ended September 30, 2000 as compared to Rs 273.70 million in the quarter ended September 30, 99. Total Income for the quarter ended September 30, 2000 is at Rs 1573.10 million as compared to Rs 1427.20 million in the quarter ended September 30, 99. The Companys second unit at Alathiyur with a capacity of 1 million tons per annum is expected to be commissioned by first quarter of 2001. The work is progressing as per schedule.

Unichem Lab Q2 net profit up by 86.96%

Unichem Laboratories Ltd has posted a net profit of Rs 71.28 million in the quarter ended September 30, 2000 as compared to Rs 38.13 million in the same period last year. Total Income has risen from Rs 568.16 million in SQ 99 to Rs 700.68 million in SQ 2000.

HEG Q2 net profit down by 15.36%

HEG Ltd has posted a net profit of Rs 108/- million for the quarter ended September 30, 2000 as compared to Rs 127.60 million in the same period last year. Total Income for the quarter ended September 30,2000 is at Rs 1361.50 million as compared to Rs 1336.40 million in SQ 99. The Hydro Electric Plant at Tawa was severely affected due to failure of monsoon in Madhya Pradesh Water availability being seasonal in nature the division normally does better in the later half of the financial year. The proposed capacity expansion of Graphite Electrode plant to 30000 MT is progressing ahead of schedule.

Kalyani Sharp Q2 net profit up by 43.21%

Kalyani Sharp India Ltd has posted a net profit of Rs 42.78 million as compared to Rs 29.87 million in the same period last year. Total Income for the quarter ended September 30, 2000 is at Rs 882.35 million as compared to Rs 913.10 million in the same period last year. The Companys insurance claim accounted in the previous year for the assets destroyed by fire is still pending with the Insurance Company.

Delton Cables Q2 net profit up by 83.51%

Delton Cables Ltd has posted a net profit of Rs 16.70 million for the quarter ended September 30, 2000 as compared to Rs 9.10 million in the same period last year. Total Income for SQ 2000 is at Rs 227.80 million as against Rs 186.70 million in the quarter ended September 30, 99.

Ramco Industries Q2 net profit up by 62.33%

Ramco Industries Ltd has posted a net profit of Rs 48.70 million for the quarter ended September 30, 2000 as compared to Rs 30/- million in the same period last year. Total Income for the quarter September 30, 2000 is at Rs 326.40 million as compared to Rs 366.40 million in the same period last year. Sri Ramco Lanka Pvt Ltd the company's wholly owned subsidiary has sucessfully completed its project for the expansion of its capacity by another 50,000 MT. With this the total capacity of the company is 95,000 MT.

Kinetic Motor Co Q2 net profit up by 220.48%

Kinetic Motor Company Ltd has posted a net profit of Rs 65.70 million for the quarter ended September 30, 2000 as compared to Rs 20.50 million in the same period last year. Net sales for the quarter ended September 30, 2000 are up by 15.05% as compared to the corresponding quarter in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 1213.50 million as compared to Rs 1054.70 million in SQ 99. Other income has risen from Rs 8.60 million in SQ 99 to Rs 19/- million in the quarter ended September 30, 2000. In view of the excellent perfomance of the company the Board of Directors has declared payment of interim dividend @25% i.e.Rs 2.50 per share amounting to Rs 37.61 million. Trading in company's shares is compulsory in dematerialised form wef August 28, 2000.

Aptech Q3 net up by 68.61%

Aptech Ltd has posted a net profit of Rs 253.50 million for the quarter ended September 30, 2000 as against Rs 150.35 million for the same period last year. Net Sales for SQ 2000 stood at Rs 1524.48 million as compared to Rs 1258.70 million in SQ 99. Other income rose to Rs 41.62 million in the quarter ended September 30, 2000 from Rs 1.58 million in the same period last year. The paid up Equity Share Capital has gone up from Rs 125.09 million to Rs 303/- million due to allotment of Bonus Shares in the ratio of 1:1 on 16th June, 2000 and issue of further 52,26,481 Equity shares in the form of GDR on 28th July, 2000.

Ajanta Pharma Q2 net profit at Rs 41.52 million

Ajanta Pharmaceuticals Ltd has posted a net profit of Rs 41.52 million for the quarter ended September 30, 2000 as compared to Rs 67.07 million in the same period last year. Total Income for the quarter ended September 30, 2000 is at Rs 233.50 million as compared to Rs 414.43 million in the quarter ended September 30, 99 The figures for the previous period includes the results of Bulk Drug business which has since been divested. With an objective of exploiting the full potential of its R & D products,the company has accelerated the expansion of its Ethi+Care business to all india.This has resulted in higher staff cost and other expenses which are fully charged to revel the management feels that there will be immense benefits of this in long run. The Company has recently tied up with the pharma gaint Ranbaxy Laboratories Ltd for marketing its products in the overseas market. The tie-up with Ranbaxy envisages marketing of Ajanta Pharmas six brands namely, Thirty Plus (Energy recharger), Beauty Plus (Skin toner), Live Plus (Liver protector), Figurin (Slimming Aid), Rheumard (Tropical anti-inflammatory) and Carofit (Natural Anti-oxidant). The targeted marlets for the tie-up are Malaysia, Singapore, and Mynamar. The market size for the above products in each of these countries is estimated at USD 20-25 million. Last week the company launched two unique products one in the fast growing diabetic segment Carofit-D exclusively designed to prevent Diabetic complications. The other product is Apcal Forte an unique concept in Calcium supplementation with Vitamin C which helps in bone matrix formation, increasing the bone mineral density, prevention of fracture in Osteoporotic bones and also in healing of the fractured bones.

Ipca Lab Q2 net profit up by 7.54%

Ipca Laboaratories Ltd has posted a net profit of Rs 87/- million for the quarter ended September 30, 2000 as compared to Rs 80.90 million for the quarter ended September 30, 99. Net sales for the quarter ended September 30, 2000 are at Rs 1108.10 million as compared to Rs 979.20 million in SQ 99. Other income for SQ 2000 is at Rs 0.20 million as compared to Rs 0.80 million in SQ 99. The Board of Directors of the company has declared an interim dividend of 35% for the financial year 2000-01.

Engineers India Q2 net down by 20.87%

Engineers India Ltd has posted a net profit of Rs 441.50 million for the quarter ended September 30, 2000 as compared to Rs 558/- million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 1756/- million as compared to Rs 1827.50 million in SQ 99. Other income for SQ 2000 is at Rs 308/- million as compared to Rs 266.50 million in SQ 99. Other income for the quarter ended September 30, 2000 includes Dividend income from UTI US-64, which is Rs 173.50 million declared in July 2000.

Tata Telecom Q2 net loss at Rs 20.40 million

Tata Telecom Ltd has posted a net loss of Rs 20.40 million for the quarter ended September 30, 2000 as compared to a net profit of Rs 13.65 million in the quarter ended September 30, 99. Net Sales for the quarter ended September 30, 2000 are at Rs 524.13 million as compared to Rs 455.14 million in SQ 99. Other income for SQ 2000 is at Rs 8.23 million as compared to Rs 5.85 million in SQ 99. The company has incurred an extra ordinary item of Rs 20.39 million towards Employee Seperation Scheme during the quarter ended September 30, 2000.

Cadila Healthcare Q2 net profit up by 32.31%

Cadila Healthcare Ltd has posted a net profit of Rs 190.58 million for the quarter ended September 30, 2000 as compared to Rs 144.04 million in the same period last year. Net sales for the quarter ended September 30, 2000 are at Rs 1450.32 million as compared to Rs 1285.96 million in SQ 99. Other income for the quarter ended September 30, 2000 is at Rs 4.03 million as compared to Rs 3.01 million in SQ 99. Dialforhealth India limited, a Company formed for the e-commerce initiative to strengthen the distribution through webenabled health services business has become wholly owned subsidiary of the Company. The Company has also formed a wholly owned subsidiary company in New Zealnd in the name of Zydus Healthcare (New Zealand) Ltd. for marketing the Companys products.

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