Raymond Q2 net loss at 1500.10 million

Raymond Ltd has posted a net loss of Rs 1500.10 million for SQ 2000 as compared to a net profit of Rs 498.20 million in SQ 99. Total Income for SQ 2000 is at Rs 3443.80 million as compared to Rs 3695.90 million in SQ 99. The Company has divested its Steel Division to EBG India Pvt Limited, a joint venture company in which the company holds 24% Equity Stake, vide the Agreement to sell an Undertaking on Slump Sale Basis dated September 9,2000.Accordingly the above results include the operations of Steel Division for the period ended August 2000.The resultant loss on the sale of steel Division amounting to Rs 1713.70 million is included in the Exceptional items. This loss is expected to be more than offset by the profit which will arise on completion of the sale for the Cement Division during the current financial year. During the year the Company acquired the balance equity shareholdings in Raymond Calitri Denim Limited (RCDL) from the erstwhile joint venture partner making RCDL a wholly owned subsidiary of the Company. Further the Shareholders of the company have approved the Scheme for merger of RCDL with the company in the Extraordinary General Meeting held on October 4,2000. Under the direction of the Mumbai high Court under section 391 and 394 of the Companies Act, 1956.Subject to the approval by the high court the merger will be effective from April 1,2000.

Ingersoll Rand Q2 net profit at Rs 80.3 million

Ingersoll Rand (India) Ltd has posted a net profit of Rs 80.30 million as compared to Rs 111.10 million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 759.40 million as compared to Rs 769/- million in SQ 99. Other income for SQ 2000 is at Rs 57.20 million as compared to Rs 34.60 million in SQ 99.

Crompton Greaves Board approves sale of building at Worli

The Board of Directors of Crompton Greaves Ltd at its Meeting held today (October 24, 2000) has approved the sale of the company's land and buildings situated at Dr E Moses Road, Worli in Bombay for a consideration of Rs 315/- million subject to necessary regulatory and other approvals/clearances.

Nestle India Q3 2000 net up by 20.32%

Nestle India Ltd has posted a net profit of Rs 379/- million in the quarter ended September 30, 2000 as against Rs 315/- million in the quarter ended September 30, 99. Net sales for SQ 2000 stood at Rs 4694/-million as against Rs 4169/- million in SQ 99. Other income for the quarter ended September 30, 2000 increased to Rs 28/- million from Rs 25/- million in SQ 99. Net profit for quarter ended September 30, 2000 has increased by 20.32% as compared to the similar period of 1999, mainly due to continued favourable commodity prices and lower interest cost arising out of better net working capital management and improved margins.

Trent Q2 net profit at Rs 31.45 million

Trent Ltd has posted a net profit of Rs 31.45 million for the quarter ended September 30, 2000 as against Rs 28.51 million in the quarter ended September 30, 99. Net sales for SQ 2000 stood at Rs 123.22 million as compared to Rs 105.28 million in SQ 99. Other income in the quarter ended September 30, 2000 decreased to Rs 16.66 million from Rs 30.7 million in the similar period previous year.

Philips India Q3 net loss at Rs 40.5 million

Philips India Ltd has posted a net loss of Rs 40.5 million for the quarter ended October 01, 2000 as against a net profit of Rs 41.2 million in the quarter ended October 01, 2000. Net sales for quarter ended October 01,2000 stood at Rs 4051/- million as compared to Rs 4246.3 million for the quarter ended October 01, 99. Other income for quarter ended October 01, 2000 stood at Rs 3.4 million as against Rs 2.9 million in the similar period previous year. Exceptional items (net) represent expenditure towards Employees voluntary retirement scheme Rs 62.3 million and profit on sale of property Rs 11.2 million.

Sesa Goa Q2 net loss down by 39%

Sesa Goa Ltd has posted a net loss at Rs 57.54 million for the quarter ended September 30, 2000 as against a net loss of Rs 94.31 million in the similar period previous year. Net sales for SQ 2000 stood at Rs 212.29 million as compared to Rs 105.45 million in SQ 99. Other income in SQ 2000 decreased to Rs 6.68 million from Rs 29.50 million in the same period last year. The Company has introduced Voluntary, Retirement Scheme during the year to restructure the organisation. This cost will be amortised over a period of 36 months. Consequent to acceptance of the Voluntary Retirement scheme, the Company has closed two non core business units.

Ashok Leyland Q2 net profit at Rs 14.91 million, buy-back at maximum price of Rs 60/- per share

Ashok Leyland Ltd has posted a net profit of Rs 14.91 million for the quarter ended September 30, 2000 as against Rs 18.19 million for the quarter ended September 30, 1999. Net Sales for SQ 2000 stood at Rs 6186.88 million as compared to Rs 6163.45 million in SQ 99. Other income in SQ 2000 increased to Rs 19.66 million from Rs 16.74 million in SQ 99. The Board of Directors of the Company has approved the buy-back of fully paid Equity Shares subject to necessary approvals. The terms of the proposed buy-back are as follows: 1. The Board has recommended buy-back at a price not exceeding Rs 60 (Sixty) per share (face Value Rs 10/-). 2. The buy-back will be for a number not exceeding 178,39,413 Equity Shares (not exceeding 15% of the present paid up Equity Capital). 3. It is proposed to buy-back shares through Tender Offer Method.

Tata Elxsi Q2 net up at Rs 29.88 million

Tata Elxsi Ltd has posted a net profit of Rs 29.88 million for the quarter ended September 30, 2000 as against Rs 7.25 million in the quarter ended September 30, 99. Net Sales stood at Rs 324.83 million in SQ 2000 as compared to Rs 305.23 million in SQ 99. Other income for the quarter ended 30th September, 2000 decreased to Rs 0.71 million from Rs 1.54 million in the same period previous year.

Esab India Q2 net at Rs 38.1 million

Esab India Ltd has posted a net profit of Rs 38.1 million for the quarter ended September 30, 2000 as against a net loss of Rs 4.6 million.in SQ 99. Net sales for SQ 2000 stood at Rs 386.8 million as compared to Rs 322.8 million in SQ 99. Other income decreased to Rs 5.1 million in the quarter ended 30th September, 2000 from Rs 5.4 million in the same period previous year.

Carrier Aircon Q2 net profit down by 41.22%

Carrier Aircon Ltd has posted a net profit of Rs 38.59 million for the quarter ended September 30, 2000 as compared to Rs 65.66 million in SQ 99. Net Sales for the quarter ended September 30, 2000 are at Rs 1001.11 million as compared to Rs 798.66 million in SQ 99. Other income has increased form Rs 15.64 million in SQ 99 to Rs 29.20 million in SQ 2000.

Ranbaxy Q3 net down by 31.84%

Ranbaxy Laboratories Ltd has posted a net profit of Rs 531 million for the quarter ended September 30, 2000 as against Rs 779/- million in the same period last year. Net Sales in SQ 2000 increased to Rs 4641/- million from Rs 4097/- million in SQ 99. Other income stood at Rs 11/- million in the quarter ended September 30, 2000 as compared to Rs 27/- million in the same period previous year.

Crompton Greaves Q2 net at Rs 180.2 million

Crompton Greaves Ltd has posted a net profit of Rs 180.2 million in the quarter ended September 30, 2000 as against a net loss of Rs 373.5 million in the same period last year. Net Sales stood at Rs 3127.2 million in SQ 2000 as compared to Rs 3586.6 million in SQ 99. Other income increased to Rs 984.5 million in the quarter ended September 30, 2000 from Rs 18.3 million in the same period last year. During the quarter ended 30th September, 2000 the Company has disinvested its shareholding in Skycell Communications Limited. Subsequent to 30th September, 2000 the Company has completed the transaction for sale of its Low Tension Control Gear Unit at Nasik.

IPCL Q2 net profit up by 29.15%

Indian Petrochemicals Corporation Ltd has reported a net profit of Rs 911.2 million for the quarter ended September 30, 2000 as compared to Rs 705.5 million in the same period last year. Net Sales has increased to Rs 14609.5 million in SQ 2000 from Rs 11402.0 million in SQ 99. Other income for the quarter ended September 30, 2000 stood at Rs 314.2 million as compared to Rs 277.9 million in the same period previous year.

Cipla Q2 net profit up by 44.70%

Cipla Ltd has posted a net profit of Rs 517.30 million for the quarter ended September 30, 2000 as compared to Rs 357.50 million in SQ 99. Net Sales for SQ 2000 are at Rs 2696.60 million as compared to Rs 1997.30 million in SQ 99. Other income has risen from Rs 70.80 million in SQ 99 to Rs 100/- million in SQ 2000.

GNFC Q2 net at Rs 344.9 million

Gujarat Narmada Valley Fertilizers Company Ltd. has posted a net profit of Rs 344.9 million for the quarter ended September 30, 2000 as against Rs 324.8 million in the same period last year. Net sales for SQ 2000 stood at Rs 4474.0 million as compared to Rs 3630.9 million in SQ 99. Other income rose to Rs 103.1 million in the quarter ended September 30, 2000 from Rs 87.5 million in SQ 99. The operating results were affected adversely by the steep increase in the prices of LSHS during July-September, 2000 as compared to the corresponding period in the previous year.This was offset by higher outputs and better price realisation, particularly of chemical products.

Pentamedia Graphics to take major stake in Film Roman-USA

Pentamedia Graphics Ltd., India's largest multimedia production company, and Film Roman, Inc.,a leading producer of prime time television animation programming, today (October 24, 2000) revealed that their Boards of Directors have agreed to a letter of intent pursuant to which Pentamedia will purchase a 51% stake in Film Roman at closing by means of new common stock issued by Film Roman. The deal, which calls for a $15,000,000 investment in Film Roman by Pentamedia, is targeted to close by January, following approval by regulatory bodies in both countries and approval by both companies' shareholders. The announcement, released today (October 24, 2000) in Chennai (Madras) India, and North Hollywood, was made Jointly by Dr. V. Chandrasekaran, Chairman and CEO of Pentamedia, and John Hyde, President and CEO of Film Roman. Pentamedia, with revenues over $100,000,000, is a public company in India, the UK, and Luxembourg, that specializes in animation, special effects, and Internet broadcasting for the global entertainment marketplace. Film Roman, whose 1999 revenues were $48,600,000, produces "The Simpsons" and "King of the Hill," for Fox, "The Oblongs," for Warner Brothers, and has other projects now in production for Showtime, The Disney Channel and others, as well as multiple in-house projects in development for both live-action and animation. Mr. Hyde stated, "Pentamedia is an international giant in the creation of animation and special effects for the big screen, the small screen, and the personal screen. As the world continues to shift to digital content, this alliance with Pentamedia will give Film Roman the vastly increased resources and capabilities it needs to lead this field in the 21st Century. Dr Chandrasekaran is will known as a company builder, and a tremendously effective CEO. I very much look forward to working with him and his ream to build both our companies. Once shareholders of both companies approve the investment, it is intended that Dr. Chandrasekaran will join the Film Roman Board of Directors, together with several other Pentamedia senior executives. These include Mr. K Srinivasan, Director and COO of Pentamedia Graphics, Ltd. Current Film Roman Board Members include investment bankers Robert Cresoi and Daniel Villanueva, attorney Dixon Dern, business manager Peter Mainstain, producers Mike Medavoy and Steve Tisch, and Mr. Hyde.

Lakshmi Machine Works Q2 net profit up by 100.72%

Lakshmi Machine Works Ltd has posted a net profit of Rs 63.58 million for the quarter ended September 30, 2000 as compared to Rs 31.67 million for the same period last year. Net sales for the quarter ended September 30, 2000 are up by 55.03% as compared to SQ 99. Net Sales for SQ 2000 are at Rs 1243.51 million as compared to Rs 802.08 million in SQ 99. Other income has increased from Rs 64.89 million in SQ 99 to Rs 71.22 million in SQ 2000.

Mather & Platt Q2 net profit at Rs 20.40 million

Mather & Platt (India) Ltd has posted a net profit of Rs 20.40 million for the quarter ended September 30, 2000 as compared to a net loss of Rs 9/- million for the quarter ended September 30, 99. Net sales have improved from Rs 125.90 million in SQ 99 to Rs 167.70 million in SQ 2000. Other income has increased from Rs 4.30 million in SQ 99 to Rs 6/- million in SQ 2000.

Extra Ordinary Income helps SKF Bearings post a net profit of Rs 221/- million in Q3

SKF Bearings India Ltd has posted a net profit of Rs 221/- million for the quarter ended September 30, 2000 as compared to a net loss of Rs 30/- million in SQ 99. Net sales for the quarter ended September 30, 2000 are at Rs 954/- million as compared to Rs 862/- million in SQ 99. Other income has decreased from Rs 27/- million in SQ 99 to Rs 24/- million in SQ 2000. During the current quarter the sale of Companys Head office in Mumbai was completed. The profit on sale of property which is shown as an extra ordinary income of Rs 239/- million.

Cyber Tech Systems Q2 net profit down by 77.14%

Cyber Tech Systems and Software Ltd has posted a net profit of Rs 14.05 million for the quarter ended September 30, 2000 as compared to Rs 61.49 million for the quarter ended September 30, 99. Net sales have decreased from Rs 80.85 million in SQ 99 to Rs 66.18 million in SQ 2000. Other income has decreased from Rs 20.20 million in SQ 99 to Rs 16.69 million in SQ 2000. There is a diminution of Rs 59.47 million in the value of Long Term Investments made by the Company in mutual funds for which no provision has been made since the management opines that the same is due to temporary capital market conditions.

Lockout at Kerala Chemicals Ossein division

Kerala Chemicals & Proteins Ltd has informed BSE that a lock-out has been declared at the Ossein Division of the company at Kathikudam, Koratty from 11 pm on October 23, 2000.

Canfin Homes Q2 net profit up 4.26%

Canfin Homes Ltd has posted a net profit of Rs 43.75 million for the quarter ended September 30, 2000 as compared to Rs 41.96 million for the quarter ended September 30, 99. Total Income for the quarter ended is at Rs 300.68 million as compared to Rs 282.84 million in SQ 99.

Birla Corporation to decide on ratio & price of rights issue

The Board of Directors of Birla Corporation Ltd will meet on October 31,2000 to consider the unaudited financial results of the company for the quarter ended September 30,2000. At the same meeting the Board of Directors will also review the ratio of the proposed issue of ordinary shares of the company on rights basis to the existing shareholders of the company and also the price band.

Subex Systems Q2 net profit up by 164.22%

Subex Systems Ltd has posted a net profit of Rs 29.24 million for the quarter ended September 30, 2000 as compared to Rs 11.07 million for the same period last year. Net sales for SQ 2000 ar up by 93.59% as compared to SQ 99. Net sales for SQ 2000 stood at Rs 127.82 million as compared to Rs 66.02 million in SQ 99. Other income for SQ 2000 is at Rs 1.38 million as compared to Rs 0.88 million in SQ 99.

EID Parry Q2 net profit down by 27.85%

EID Parry India Ltd has posted a net profit of Rs 166.30 million for the quarter ended September 30, 2000 as compared to Rs 230.50 million for the quarter ended September 30, 99. Total Income for the quarter ended September 30, 2000 is at Rs 4255.50 million as compared to Rs 3950/- million in the same period last year. Subject to necessary approvals the Board of Directors has approved the proposal for Amalgamation of its subsidiaries, Pettavaittalai Sugars and Chemicals Limited, Johnson Pedder Limited and Dhanyalakshmi Investments Limited with the Company with effect from 1st April, 2000. The Board of Directors of the company appointed Mr R Seshasayee Managing Director Ashok Leyland as an Additional Director wef October 23, 2000.

Money

Rapid Information on Stocks & Corporates

Tell us what you think of this report