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Zee Telefilms Ltd has posted a net profit of Rs 296 million for the quarter ended September 30, 2001 as compared to Rs 320.5 million for the quarter ended September 30, 2000. Total Income has increased from Rs 1049.6 million in SQ 2000 to Rs 1231.6 million in the quarter ended September 30, 2001.
The Consolidated Financial Results of Zee Networks for the quarter ended September 30, 2001 is as follows:
1) increase in Total Income by 17% to Rs 2667 million
2) Net Profit down by 2% to Rs 533 million
Advertising revenues remained under pressure during the quarter. The impact of event in the US and the war in Afghanistan have dampened brand promotion activity across segments, adversely impacting advertisements campaigns and product launches of many clients.
Zee News & Zee Cinema continue to maintain leadership in their respective segments. Zee News has captured a healthy share of the news market in recent times with up to date coverage and a programming tie up with CNN for global news feed.
On the advertising revenue front, the company remains cautiously optimistic. Due to the economic sluggishness witnessed during this year, advertising revenues are expected to remain flat during the coming quarters.
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| Varun Shipping Q2 net profit up by 15.10% |
Varun Shipping Company Ltd has posted a net profit of Rs 60.23 million for the quarter ended September 30, 2001 as compared to Rs 52.33 million for the quarter ended September 30, 2000. Total Income has decreased from Rs 544.84 million in SQ 2000 to Rs 532.69 million in the quarter ended September 30, 2001.
The company is already examining several proposals for acquisition of new ships & will take an appropriate decision soon.
An additional war risk premium of 0.05% on the hull value of ships has been imposed wef October 19, 2001 consequent to the terrorist attacks in US and war like situation. This will however not have any major impact on the profitability of the company as currently this war risk premium is applicable to only a few of company's ships which will be recovered by way of improved freight earnings from the charterers.
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| HDFC Bank Q2 net up 43.77% |
HDFC Bank Ltd has posted a net profit of Rs 693.4 million for the quarter ended September 30, 2001 as compared to Rs 482.3 million for the quarter ended September 30, 2000. Interest earned, Operating Income for the quarter ended September 30, 2001 stood at Rs 4131.9 million as compared to Rs 2928.8 million in SQ 2000. Other Income increased from Rs 367.4 million for the quarter ended September 30, 2000 to Rs 764.9 million for the quarter ended September 30, 2001.
Other Income relates to income from non-fund based banking activities including commission, fees, foreign exchange earnings and earnings from debt securities.
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| Henkel Spic Q3 net profit up by 172.22% |
| Henkel Spic India Ltd has posted a net profit of Rs 19.60 million for the quarter ended September 30, 2001 as compared to Rs 7.20 million for the quarter ended September 30, 2000. Total Income has increased from Rs 717.90 million in the quarter ended September 30, 2000 to Rs 823 million in the quarter ended September 30, 2001.
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| Abbott Lab Q2 net up by 23.75% |
| Abbott Laboratories India Ltd has posted a net profit of Rs 21.72 million for the quarter ended September 30,2001 as compared to Rs 17.55 million for the quarter ended September 30, 2000. Total Income has increased from Rs 235.60 million in SQ 2000 to Rs 280.37 million in the current quarter ended September 30, 2001.
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| Aptech Q3 results on October 31, 2001 |
| Aptech Ltd has informed BSE that that a meeting of the Board of Directors of the Company is scheduled to be held on October 31, 2001 to consider the Unaudited Financial Results of the Company for the quarter ended September 30, 2001.
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| Sterlite Industries Q1 results on October 30, 2001 |
| A meeting of the Board of Directors of Sterlite Industries India Ltd has been convened on October 30, 2001 to consider and take on record the unaudited financial results for the quarter ended September 30, 2001.
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| IBP Q2 net profit up 152.91% |
IBP Co Ltd has posted a net profit of Rs 356.60 million for the quarter ended September 30, 2001 as compared to Rs 141 million in the corresponding period last fiscal. Total Income has increased from Rs 19588.10 million in SQ 2000 to Rs 20044.10 million in the quarter ended September 30, 2001.
The company has incurred has an expenditure of Rs 146.20 million towards Voluntary Retirement Scheme during the quarter ended September 30, 2001.
Pursuant to Govt of India's decision, the company's investment in equity shares of India Oiltanking Ltd will be disinvested in favour of India Oil Corporation Ltd at a mutually agreed price being determined by a merchant banker.
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| Moh Q2 net profit up by 60.48%, declares interim dividend of 10% |
Moh Ltd has posted a net profit of Rs 24.31 million for the quarter ended September 30, 2001 as compared to Rs 15.15 million for the corresponding period last fiscal. Total Income has increased from Rs 27.56 million in the quarter ended September 30, 2000 to Rs 52.24 million in the current quarter ended September 30, 2001.
The Board has decided to distribute an Interim dividend of 10%.
In terms of the recent government ordinance to be notified amending the Companies Act 1956, The board has decided to embark upon a programme for buy back of upto 5 million shares at a price not exceeding Rs. 5 per share.
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| Punjab Anand Lamp Q3 net up 2.56% |
| Punjab Anand Lamp Industries Ltd has posted a net profit of Rs 36 million for the quarter ended September 30, 2001 as compared to a net profit of Rs 35.1 million for the corresponding quarter last fiscal. Total Income decreased from Rs 327.5 million in SQ-2000 to Rs 323.1 million for the quarter ended September 30, 2001.
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| NOCIL Q2 results on October 30, 2001 |
| National Organic Chemical Industries Ltd (NOCIL) has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on October 30, 2001 to consider the Unaudited Financial Results of the Company for the quarter and half-year ended September 30, 2001.
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| SKF Bearings Q3 net loss at Rs 28 million |
| SKF Bearings India Ltd has reported a net loss of Rs 28 million for the quarter ended September 30, 2001 as compared to a net profit of Rs 221 million in the corresponding period last fiscal. Total Income has decreased from Rs 978 million in SQ-2000 to Rs 929 million for the quarter ended September 30, 2001.
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| Indal holding in Annapurna Foils at 50.59% |
In terms of the AAIFR order dated September 26, 2001, shares held by the erstwhile promoters of Annapurna Foils Ltd (AFL) were acquired by Indian Aluminium Company Ltd (Indal).
Pursuant to this acquisition, the shareholding of Indal in AFL now stands at 50.59%.
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| State Bank of Travancore Q2 net up by 16.80% |
State Bank of Travancore has posted a net profit of Rs 237.90 million for the quarter ended September 30, 2001 as compared to Rs 203.67 million for the corresponding period last fiscal. Total Income has increased from Rs 3594.40 million in the quarter ended September 30, 2000 to Rs 4191.15 million in SQ-2001.
The above results have been arrived at after considering provisions for NPA, Bonus, Gratuity, Pension, Income Tax, Wealth Tax, and other usual and necessary provisions on an estimated basis.
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| Hind Oil Exploration Q2 net up by 110.65% |
| Hindustan Oil Exploration Company Ltd has posted a net profit of Rs 43.95 million for the quarter ended September 30, 2001 as compared to Rs 20.86 million for the corresponding period last fiscal. Total Income for the quarter ended September 30, 2001 is at Rs 106.16 million as compared to Rs 113.70 million in SQ 2000.
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| ICICI nominates N Mukerjee as director on Kesoram Board |
| Kesoram Industries Ltd has informed BSE that ICICI has withdrawn the nomination of Girish Mehta as nominee director of the company and in his place N Mukherjee has been nominated. Hence Girish Mehta will cease to be director of the company from October 22, 2001 and in his place N Mukherjee will be nominee director of ICICI.
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| Hughes Tele selects Infotech Ent to supply Network Inventory Software |
Infotech Enterprises Limited Hyderabad, India's leading supplier of end-to-end GIS software solutions, announced on Monday that its has been chosen to implement GE Smallworld Network Inventory for Indian telecommunications giant Hughes Tele.com India Limited. Infotech will implement GE Smallworld Network Inventory software to manage the physical infrastructure of Hughes' fiber optic network.
InfoTech Enterprises Ltd, a world class partner to GE-Smallworld, will prime this project right from data creation, application development through to interfacing the application with existing critical operational support systems like CADTel supplied Fault Management, AllTel supplied customer care billing and SAP R/3.
Commenting on this, chairman and managing Director, Infotech Enterprises, Mr. BVR Mohan Reddy said "InfoTech's ability to win several contracts from telecom companies, especially from prestigious ones like Hughes, proves that GE Smallworld is an ideal technology for this Industry and Infotech is an ideal partner for customization and implementation services in India. We look forward to more implementation in the next six months."
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| Kesoram Q2 net down by 77.46% |
Kesoram Industries Ltd has posted a net profit of Rs 20.46 million for the quarter ended September 30, 2001 as compared to Rs 90.77 million for the quarter ended September 30, 2000. Total Income increased from Rs 2874.92 million in SQ 2000 to Rs 2904.83 million for the quarter ended September 30, 2001.
The merger proposals with effect from 1st April, 2001 of Bharat General and Textiles Industries Ltd (BGTI), Birla Century Finance Ltd (BCFL) and Hindustan Heavy Chemicals Ltd (HHCL) with the company have duly been approved and sanctioned by the Honorable Calcutta High Court in September, 2001. Results of these companies have been included in the above figures. Therefore, the previous period figures are not comparable with current period's figures.
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| NIIT Q4 net down by 86.22%, FY-01 net down by 57.19% |
NIIT Ltd has posted a net profit of Rs 125.10 million for the quarter ended September 30, 2001, as compared to a net profit of Rs 908.20 million for the quarter ended September 30, 2000. Total Income has decreased from Rs 2217.90 million for SQ 2000 to Rs 1704.70 million for the quarter ended September 30, 2001.
Net profit for the Financial Year ended September 30, 2001 stood at Rs 959.60 million as against a net profit of Rs 2241.30 million for the previous year ended September 30, 2000. Total Income for FY-01 stood at Rs 6999.20 million as compared to Rs 7595.10 million for FY-00.
The Board has recommended a Dividend of 45% for the year ended September 30, 2001.
Exceptional items includes capital gains on account of transfer of Online business to its subsidiary NIIT Online Learning Ltd, disinvestment in NIS Sparta Ltd and diminution in the value of investments.
The exceptional items are Rs 51.30 million for the quarter ended September 30, 2001 and Rs 74.10 million for the year ended September 30, 2001.
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| BSE revokes suspension of Century Enka |
BSE has informed the members of exchange that the trading in the securities of Century Enka Ltd will be resumed w.e.f October 22, 2001 on Ex-entitlement basis.
BSE has further informed that the scrip is under No-delivery from Settlement No.30/2001-2002 and 31/2001-2002 i.e.October 15, 2001 to October 25, 2001 of the Weekly Settlement Segment and from Settlement No.DR-144/2001-2002 to DR-152/2001-2002 i.e. from October 18th to October 31st, 2001, of the Rolling Settlement Segment and the Pay-in of both the Segments will take place on 8th November, 2001.
The trading facility in Exit Route (Odd-lot window) segment will not be available in Scrip Code No.280.
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| Herdillia Chemicals to seek members approval for Scheme of Arrangement |
| Herdillia Chemicals Ltd has informed BSE that, the Hon'ble High Court of Mumbai has directed company to hold a General Meeting of shareholders on November 02, 2001 for getting their approval for Scheme of Arrangement between company and Shubh Shanti Services Ltd. and their respective shareholders.
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| Cummins to keep plant closed for maintenance work |
| Cummins India Ltd has informed BSE that in order to facilitate production planning & emergency maintenance work, the company has decided to keep its plant closed from October 26, 2001 to October 29, 2001. Out of this period, October 26, 2001 is declared as Dasara Holiday & October 28, 2001 is weekly off. The company is of the opinion, that keeping plant closed during this period will not affect the performance of the company in any manner.
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| Ingersoll Q2 results on October 29, 2001 |
| Ingersoll-Rand India Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on October 29, 2001 to take on record the Unaudited Financial Results for the quarter ended September 30, 2001.
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| Hind Strategic proposes to acquire 11.24% equity shares of Shalimar Paints |
Hind Strategic Investment has informed BSE that it proposes to acquire 425482 shares representing 11.24% of Shalimar Paints Ltd under private arrangement from Jindal Strips Ltd.
The type of acquisition will be inter-se transfer. After the aforesaid acquisition the holding of Hind Strategic Investments along with PAC's in Shalimar Paints will increase from 19.94% to 31.18%.The date of proposed acquisition is October 29, 2001 at a price of Rs 36/- per share.
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| Shyam Telecom Q2 results on October 29, 2001 |
| Shyam Telecom Ltd has informed BSE that that a meeting of the Board of Directors of the Company is scheduled to be held on October 29, 2001 to consider and take on record the Unaudited Financial Results for the quarter ended September 30, 2001.
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| BSE revises special margin on 20 scrips |
The BSE has informed the members of the exchange that the following scrips will attract special margins as indicated hereunder with effect from October 22, 2001. The rates of special margins have been revised keeping in view the closing price of the scrip on the last day of the settlement.
Members are hereby informed that special margins will be imposed on the basis of client-wise gross purchase or sales position as indicated below:
530707 Aftek Infosys B1 25
7525 Amrit Banaspati B2 25
31541 Avon Organics B2 25
5506 Axon Infotech B2 25
32161 Baffin Engineer B2 25
6285 Bayer India B1 25
32306 Compudyne B1 25
24170 DSQ Biotech B2 25
32312 Geometric Softw B1 25
32175 Infotech Enter B1 25
532148 Kolar Infotech B1 25
32089 MOH B2 25
6954 Motorol Spec B2 25
6991 Noble Explochem B2 25
30367 NRB Bearings B1 25
26089 Roofit Industries B1 25
500378 Saw Pipes A 25
31830 Today's Writing B2 25
32035 Unistar Multi B2 25
14162 Welspun B1 25
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| Nirma H1 results by November 30, 2001 |
| Nirma Ltd has informed the BSE that a meeting of the board of directors will be held on or before November 30, 2001 to consider audited financial results for half year ended on September 30, 2001.
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| Dr Reddy's launches Livizi: a unique e-healthcare initiative |
Dr Reddy's Laboratories Ltd on October 20, 2001 unveiled Livizi- an e-healthcare initiative that provides an unique approach to healthy living caters to the health needs of everyone.
The launch event was inaugurated by Satish Reddy, managing director and COO, Dr Reddy's. The highlight of the event was a folk theatre performance by a group of artists presenting the evolution and importance of communication in empowering human lives.
This was followed by an animated film portraying the various features of Livizi. The event showcased Liviz's Kaun Banega Arogyapati game and climaxed with an aerobics presentation by Dinaz- a leading aerobic expert.
Livizi has an holistic approach to health covering physiological, psychological, social and spiritual aspects of health. Livizi is unique in that it is simple, interactive and multi-lingual.
It provides support for 11 Indian languages. Interactive features such as Ask an Expert, Kaun Banega Arogyapati and E-Consultation help people to understand health in an interesting and fun way. Specialist from different fields of medicine will contribute articles and also provide online consultation on topics ranging from of nutrition, fitness, yoga, herbs, stress management etc.
Speaking on the occasion, Satish Reddy said, "This new healthcare initiative from Dr Reddy's is in tune with our corporate purpose of helping people lead healthier lives. Livizi is an integral part of our strategy to reach end consumers by harnessing the power of the Internet."
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| BPCL Q2 results on October 31, 2001 |
| Bharat Petroleum Corporation Ltd has informed the BSE that a meeting of the board of directors of the company is scheduled to be held on October 31, 2001 to take on record the unaudited financial results for the quarter and half-year ended September 30, 2001.
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