Adlabs Films Q4 net down by 13.76%, FY-02 net down by 16.89%

Adlabs Films Ltd has posted a net profit of Rs 23.42 million for quarter ended March 31, 2002 as compared to Rs 27.15 million for corresponding period last fiscal. The total income has increased from Rs 139.20 million in MQ 2001 to Rs 167.39 million in MQ 2002 The Company has posted a net profit of Rs 102.57 million for FY-02 as compared to Rs 123.41 million for FY-01.The total income has increased from Rs 491.34 million in FY-01 to Rs 607.88 million in FY-02.

Hanubhai Jadeja resigns as Managing Director of Avinash Information Technologies

Avinash Information Technologies Ltd has informed BSE that Mr Hanubhai Jadeja, Vice Chairman of the Company has given his resignation as Managing Director of the Company.

SREI International takes a strategic stake in feedback ventures

SREI International Finance Ltd (SREI) one of India's leading national infrastructure finance and infrastructure project finance companies, having as asset base of Rs 12000 million has taken a strategic stake of 8.70 % of the shareholding in Feedback Ventures Pvt Ltd (FVL), through its wholly owned subsidiary, SREI Capital Markets Ltd. Feedback Ventures Group is India's leading integrated infrastructure development group. Over the last decade, it has focused on project development, financial advisory, capacity building, engineering and project management of core, urban and social infrastructure projects.

Zee issues outlook

Zee Telefilms Ltd has said on the advertising revenue front, the momentum does not seem to be picking up and the company could see yet another difficult year ahead. Concurrently, subscription revenues from the domestic as well as the international markets continue to grow at a healthy clip, which will provide a significant broad basing of the revenue streams in the days ahead. A process of organizational rejuvination is on within the company. The company has undertaken an internal organizational restructuring for better business and revenue mix, which will positively reflect through improved efficiency and delivery. During April, the company has started a separate encrypted broadcast beam for ZEE TV in the Middle East, Pakistan, Bangladesh and Nepal which has started to open up these markets for their full advertising potential on the channel and for enhanced pay revenues. The separate beam allows ZEE TV to tailor content to coincide with prime-time in different markets while concurrently valuating air-time inventory at locally relevant and competitively attractive rates. The company is well poised to take a leading share in both the pay and advertising revenue segments, in the days ahead, through these investments that are building a leadership position for the Zee Network.

Sanwaria Agro to seek members approval for stock split

Sanwaria Agro Oils Ltd has informed BSE that the EGM of the members of the Company will be held on May 20, 2002 to transact with or without modification as may be permissible, the following business: 1. To consider sub-division of the equity share capital of the Company each of existing fully paid equity shares of Rs 10 each in the Capital of the Company be divided into two fully paid equity shares of Rs 5 each. 2. To alter the share capital of the Company to Rs 10,00,00,000 divided into 110,60,000 equity shares of Rs 5 each and 44,70,000 Preference shares of Rs 10 each.

United Phosphorus FY-02 net profit up by 80.43%

United Phosphorus Ltd has posted net profit of Rs 360.74 million for the financial year ended March 31, 2002 as compared to Rs 199.94 million in the financial year ended March 31, 2001. Total Income for the year ended March 31, 2002 is at Rs 6520.54 million as compared to Rs 5676.13 million in FY-01. The Board of Directors has recommended a dividend of 10% on equity shares.

Zee Tele Q4 net down by 55.31%, FY-02 net down by 24.36%

Zee Telefilms Ltd has posted a net profit of Rs 211.30 million for the year ended March 31, 2002 as compared to Rs 472.90 million in the corresponding period last fiscal. Total Income has decreased from Rs 1364.40 million in MQ-01 to Rs 1265 million in the quarter ended March 31, 2002. The net profit for the year ended March 31, 2002 is at Rs 1045.10 million as compared to Rs 1381.80 million for the year ended March 31, 2001. Total Income for FY-02 is at Rs 4707.10 million as compared to Rs 4357.70 million in the year ended March 31, 2001. The consolidated results for ZEE Network are as follows: The company has posted a net profit of Rs 599.10 million for the quarter ended March 31, 2002 and a net profit of Rs 2016.80 million for the year ended March 31, 2002.

MTNL Q4 net up by 15.49%, FY-02 net down by 5.28%

Mahanagar Telephone Nigam Ltd has posted a net profit of Rs 4161.76 million for quarter ended March 31, 2002 as compared to Rs 3603.43 million for corresponding period last fiscal. The total income has increased from Rs 13914.28 million in MQ 2001 to Rs 14263.16 million in MQ 2002 The Company has posted a net profit of Rs 14588.42 million for FY-02 as compared to Rs 15401.83 million for FY-01.The total income has increased from Rs 61026.05 million in FY-01 to Rs 63672.95 million in FY-02.

BHEL Q4 net down by 29.75 %, FY-02 net up by 44.04 %

Bharat Heavy Electricals Ltd has posted a net profit of Rs 3488.80 million for quarter ended March 31, 2002 as compared to Rs 4966.50 million for corresponding period last fiscal. The total income has increased from Rs 28843.90 million in MQ 2001 to Rs 31153.90 million in MQ 2002 The Company has posted a net profit of Rs 4502.90 million for FY-02 as compared to Rs 3126.10 million for FY-01.The total income has increased from Rs 62400.20 million in FY-01 to Rs 70149.90 million in FY-02.

Ingersoll Rand declares 30% dividend

Ingersoll Rand India Ltd has informed BSE that the Board at its meeting held today (April 29, 2002) has recommended a final dividend of Rs 3 per share (30%) for the year ended March 31, 2002.

Rolta India Q1 net profit up by 1.606%

Rolta India Ltd has posted a net profit of Rs 311.97 million for the quarter ended March 31, 2002 as compared to Rs 307.04 million in the corresponding period last fiscal. Total Income has increased from Rs 802.23 million in MQ-2001 to Rs 815.34 million in the quarter ended March 31, 2002. The company has recently inaugurated an advanced engineering software and eServices centre in Atlanta USA. This new building spread over 26,000-sq. ft will be the new US headquarters of Rolta International Inc. This centre is expected to add thrust to the company's business opportunities and will enable the company to aggressively address its customers. In order to further strengthen its presence on the American continent Rolta has recently set up Rolta Canada Ltd. In addition steps are at an advanced stage for setting up a subsidiary in the UK.

Wockhardt launches 30-day release Leuprolide Depot injection to manage prostate cancer

Wockhardt Ltd has launched India's first break through 'noval 30-day release Injectable' Progtase Depot (Leuprolide 7.5 mg) will offer a radically new method of managing prostate cancer. Following the appraisal of the Drugs Controller General of India (DCGI), Wockhardt today (April 29, 2002) launched Progtase Depot Injectable to leading specialist of the country. "This is yet another example of innovation driving introduction of new technologies in India " said Habil Khorakiwala, Chairman. " Progtase Depot injection is a major milestone as it opens for us novel 30-day release technology for injectable dosage forms. Moreover this also meets our plan to build a significant anti cancer drugs portfolio to fight the growing incidence of the disease in the country," he said

Sterlite Optical Tech Q4 net profit at Rs 121.90 million, FY-02 net profit at Rs 1001.70 million

Sterlite Optical Technologies Ltd has posted a net profit of Rs 121.90 million for quarter ended March 31, 2002 as compared to Rs 790.30 million for corresponding period last fiscal. The total income (net of excise) is at Rs 2046.90 million in MQ 2002 as compared to Rs 2319.70 million in MQ 2001 The company has posted a net profit of Rs 1001.70 million for the financial year ended March 31, 2002 on a total income (net of excise) of Rs 6875.80 million for the financial year ended March 31, 2002 consisting of 12 months. During FY-01 (comprising of 9 months) the company had posted a net profit of Rs 2256.40 million on a total income (net of excise) of Rs 7640.40 million. The Board has recommended dividend @80% (Rs 4per equity share of the face value of Rs 5/- for the financial year ended March 31, 2002.

Cipla Q4 net up by 79.59%, FY-02 net up by27.98%

Cipla Ltd has posted a net profit of Rs 617.10 million for the quarter ended March 31, 2002 as compared to Rs 343.60 million for the quarter ended March 31, 2001. Total Income (net of excise) for the quarter ended March 31, 2002 is at Rs 3556.30 million as compared to Rs 2605 million in the corresponding period last fiscal. Net profit for the year ended March 31, 2002 is at Rs 2291.90 million as compared to Rs 1790.70 million in the corresponding period last fiscal. Total Income (net of excise) for the year ended March 31, 2002 is at Rs 13216.90 million as compared to Rs 10052.90 million in the corresponding period last fiscal.

Gillette Q1 net loss at 25.90 million

Gillette Ltd has posted a net loss of Rs 25.90 million for quarter ended March 31, 2002 as compared to a net profit of Rs 38 million for corresponding period last fiscal. The total income (net of excise) has decreased from Rs 986.60 million in MQ 2001 to Rs 737.90 million in MQ 2002 The sales for the current quarter are lower on account of discontinuation of export sales of Duracell Batteries coupled with overall general slowdown in some of the key product categories

Extra ordinary items help Ranbaxy Labs post a rise of 70.38% in Q1 net profit

Ranbaxy Laboratories Ltd has posted a net profit of Rs 949 million for quarter ended March 31, 2002 as compared to Rs 557 million for corresponding period last fiscal. The net profit is after taking into account extra ordinary items of Rs 486 million towards settlement compensation on closure of a contract with Eli Lilly and Rs 78 million by way of profit on sale of equity shares of Speciality Ranbaxy Ltd. The net sales has increased from Rs 4457 million in MQ 2001 to Rs 5529 million in MQ 2002.

Cadbury India Q1 net up 8.87%

Cadbury India Ltd has posted a net profit of Rs 134.90 million for quarter ended March 31, 2002 as compared to Rs 123.90 million for corresponding period last fiscal. The total income has increased from Rs 1517.80 million in MQ 2001 to Rs 1620 million in MQ 2002.

Nicholas Piramal FY-02 net profit at Rs 482.40 million

Nicholas Piramal India Ltd has posted a net profit of Rs 482.40 million for the year ended March 31, 2002 as compared to Rs 664.60 million for the financial year ended March 31, 2001. The aforesaid net profit for FY-02 is after consideration of extraordinary items (incl restructuring cost) of Rs 442.30 million for the year ended March 31, 2002. The Total Income (net of excise) has increased from Rs 5208 million in FY-01 to Rs 9036 million in the financial year ended March 31, 2002. The Board has recommended a dividend of 85% for the year ended March 31, 2002. During the year, the Company acquired the pharmaceutical division of ICI Ltd as a going concern for a total consideration of Rs 700 million. The acquisition was completed on March 26, 2002 after which date all transactions of the said division has been incorporated in the books of accounts of the company.

Chemplast FY-02 net up by 33.13%

Chemplast Sanmar Ltd has posted a net profit of Rs 219 million for FY-02 as compared to Rs 164.50 million for FY-01.The total income has increased from Rs 3890.10 million in FY-01 to Rs 4493.20 million in FY-02. The Board has declared an interim dividend of Rs 4 per share for the year 2001-2002. The register of members of the Company will remain closed on May 30, 2002 and May 31, 2002 both days inclusive for the purpose of payment of interim dividend. The Company has further informed that the dividend at the rate of Rs 4 per equity share will be paid to all eligible shareholders on and from June 01, 2002

Wockhardt Q1 net up by 36.99%

Wockhardt Ltd has posted a net profit of Rs 237 million for quarter ended March 31, 2002 as compared to Rs 173 million for corresponding period last fiscal. The total income has increased from Rs 1303 million in MQ 2001 to Rs 1654 million in MQ 2002

Kesoram Ind FY-02 net down by 10.93%

Kesoram Industries Ltd has posted a net profit of Rs 413.71 million for FY-02 as compared to Rs 464.50 million for FY-01.The turnover has increased from Rs 13454.33 million in FY-01 to Rs 13564.60 million in FY-02.

MICO Q1 net down by 4.54%

Motor Industries Company Ltd has posted a net profit of Rs 256.50 million for MQ 2002 as compared to Rs 268.70 million for MQ 2001. The total income (net of excise) has decreased from Rs 4018.10 million for quarter ended March 31, 2001 to Rs 3735.20 million for quarter ended March 31, 2002.

NIIT launches 'NIIT Smartserve' to offer IT enabled services

NIIT Board approved the launch of a new entity 'NIIT Smartserve' to address the vast arena of IT enabled Services for global customers. "NIIT Smartserve will seize part of the US$ 50 Bn opportunity in IT Enabled Services by leveraging our ability of implementing technology solutions, creating & deploying skilled manpower, ongoing customer relationships and strong process orientation," said Mr Vijay K Thadani, Chief Executive Officer, NIIT. NIIT Ltd has been evaluating the areas of ITES through a few pilot projects in the last 12 months. The detailed plan will be rolled out in the coming months.

NIIT Q2 net profit at Rs 20.10 million

NIIT Ltd has posted a net profit of Rs 20.10 million for quarter ended March 31, 2002 as compared to Rs 483.30 million for corresponding period last fiscal. The total income has decreased from Rs 2239.40 million in MQ 2001 to Rs 941.70 million in MQ 2002.

Crompton Greaves Q4 net at Rs .70 million, FY-02 net at Rs 40.40 million

Crompton Greaves Ltd has posted a net profit of Rs .70 million for quarter ended March 31, 2002 as compared to Rs 134.30 million for corresponding period last fiscal. The total income (net of excise) has decrease from Rs 4694.60 million in MQ 2001 to Rs 4685.80 million in MQ 2002. The Company has posted a net profit of Rs 40.40 million for FY-02 as compared to a net loss of Rs 731.60 million for FY-01.The total income (net of excise) has increased from Rs 13554.90 million in FY-01 to Rs 14853.50 million in FY-02.

Zensar announces change in management structure

Zensar Technologies Ltd has informed BSE the following changes in the Directorship of the Company: 1. Mr T J Gibson, Director and Vice Chairman, has resigned w e f April 23, 2002 2. Mr Tim Escudier has been appointed as Director and Vice Chairman w e f April 24, 2002.

SSI Q3 net down by 76.99%

SSI Ltd has posted a net profit of Rs 40.53 million for quarter ended March 31, 2002 as compared to Rs 176.1 million for corresponding period last fiscal. The total income has decreased from Rs 1054.82 million in MQ 2001 to Rs 659.83 million in MQ 2002. The Other income for current quarter is Rs 90.37 million as compared to Rs 17.57 million for the corresponding period last fiscal. Other income for current quarter includes Rs 22.65 million on account of Exchange rate difference income.

Ingersoll Rand Q4 net at Rs 119.50 million, FY-02 net at Rs 371.70 million

Ingersoll Rand India Ltd has posted a net profit of Rs 119.50 million for quarter ended March 31, 2002 as compared to Rs 13.90 million for corresponding period last fiscal. The total income has increased from Rs 873.60 million in MQ 2001 to Rs 1092.40 million in MQ 2002. The Company has posted a net profit of Rs 371.70 million for financial year ended March 31, 2002 as compared to Rs 513.70 million for the financial year ended March 31, 2001. The net profit for FY-2001 is after taking into account Rs 453.30 million extraordinary item towards profit from sale of gas compressor business.The total income has increased from Rs 3319.70 million in FY-01 to Rs 4019.50 million in FY-02. Sales for the year ended March 31, 2001 includes Rs 62.00 million on account of pumps, the manufacture of which has been discontinued during the current period

M K Singhi appointed as Executive Director of Shree Cement

Shree Cement Ltd has informed BSE that the Board of Directors in its meeting held on April 26, 2002 has appointed Mr M K Singhi, President as Executive Director of the Company.

Nalco Q4 net down by 13.64%, FY-02 net down by 37.87%

National Aluminium Company Ltd has posted a net profit of Rs 1370.60 million for quarter ended March 31, 2002 as compared to Rs 1587.10 million for corresponding period last fiscal. The total income has increased from Rs 6691 million in MQ 2001 to Rs 6909.60 million in MQ 2002. The Company has posted a net profit of Rs 4074.30 million for FY-02 as compared to Rs 6558.30 million for FY-01.The total income has decreased from Rs 24214.50 million in FY-01 to Rs 23707 million in FY-02.

Thermax Q4 net at Rs 177.20 million, FY-02 net at Rs 240.10 million

Thermax Ltd has posted a net profit of Rs 177.20 million for quarter ended March 31, 2002 as compared to Rs 0.70 million for corresponding period last fiscal. The total income has decreased from Rs 1958.80 million in MQ 2001 to Rs 1896.30 million in MQ 2002. The Company has posted a net profit of Rs 240.10 million for FY-02 as compared to a net loss of Rs 132.20 million for FY-01.The total income has decreased from Rs 5044.60 million in FY-01 to Rs 4940.60 million in FY-02.

Geometric Software to set up a subsidiary at Singapore

Geometric Software Solutions Company Ltd has informed BSE that the Board of Directors at their meeting have considered the following additional points: 1. Approving of Capital Expenditure resulting in expansion of facilities. 2. Payment of Commission to Managing Director for the year ended March 31, 2002 3. Re-appointment of Mr Manu Parpia as Managing Director of the Company for a further period of three years and fixing the remuneration payable to him, subject to approval of shareholders. 4. Setting up of subsidiary at Singapore.

Godrej Consumer declares second interim dividend for FY 2001-02

Godrej Consumer Products Ltd has informed BSE that the Board of Directors at its meeting held today (April 29, 2002) has declared a second interim dividend of Rs 3.50 per share on the equity shares of the Company for FY 2001-02. The record date for the same is May 21, 2002. The Board has further approved second buyback of equity shares through open market, after the completion/closure of the existing buyback. The Board has appointed a committee of Directors to examine the proposal further, subject to a maximum of Rs 100 per share and a maximum outlay of Rs 100 million.