Alfa Laval India Ltd has reported a net profit of Rs 113.53 million in quarter ended September 30, 2002 as compared to Rs 92.39 million for SQ-2001. Total Income has increased from Rs 715.29 million in SQ-2001 to Rs 762.50 million in SQ-2002.
The Board of Directors have declared an interim dividend of 90% (Rs 9 per share) aggregating to Rs 163.44 million subject to deduction of income tax at source wherever applicable, for the year ending December 31, 2002.
The orders in hand as on date are Rs 1291 million which is quite sound.
S N Talwar appointed as Additional Director of Sonata Software
Sonata Software Ltd has informed BSE that Mr S N Talwar has been appointed as an Additional Director of the Company pursuant to Sec 260 of the Companies Act, 1956. Accordingly Mr Talwar shall hold office as Additional Director upto the date of the next AGM of the Company. Further Mr S N Talwar will be an independent Director.
R K Jain continues to be MD of Inertia Industries
Inertia Industries Ltd has informed BSE that the Board of the Company has persuaded Mr R K Jain to withdraw his resignation and after due deliberation Mr Jain acceded to the Board's request. As such Mr R K Jain continues to be the Managing Director of the Company.
Earlier the Company had informed BSE that Mr R K Jain, Managing Director of the Company has resigned from the post of "Managing Director" vide his letter dated September 10, 2002.
Telephoto Ent-merger of operations
The Board of Directors of Telephoto Entertainments Ltd has in principle decided to merge the company's operations with Inhouse Productions Pvt Ltd.
N M Raiji & Co have been mandated to prepare the valuation report as well as scheme of merger and submit the same to the Board shortly.
Aventis Pharma Q3 net at Rs 166 million
Aventis Pharma Ltd has reported a net profit of Rs 166 million in quarter ended September 30, 2002 as compared to Rs 152 million for SQ-2001. Total Income (net of excise) has increased from Rs 1438 million in SQ-2001 to Rs 1623 million in SQ-2002.
Commenting on the company's results Ramesh Subrahmanian Managing Director, Aventis Pharma said, " Despite sluggish domestic market conditions, I am pleased to report that we have more than held our own in the quarter, with continued strong performance of our strategic brands in a very competitive market environment. We continue to improve market shares in our key products, while maintaining leadership in our older large franchises. Exports continue to grow and contribute strongly. While we anticipate market conditions to remain challenging we will maintain our focussed investment & growth strategy, emphasizing rapid & accurate execution to create value for patients and all our stakeholders."
Moser Baer Q2 net at Rs 531.48 million
Moser Baer India Ltd has posted a net profit of Rs 531.48 million for the quarter ended September 30, 2002 as compared to Rs 541.30 million in the quarter ended September 30, 2001. Total Income has increased from 1668.78 million in the quarter ended September 30, 2001 to Rs 2158.07 million in SQ-02.
Titan Q2 net at Rs 29.50 million
Titan Industries Ltd has reported a net profit of Rs 18.60 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 29.50 million for the quarter ended September 30, 2001. Total Income (net of excise) has increased from Rs 1279.60 million in SQ-01 to Rs 1815.50 million in the quarter ended September 30, 2002.
The Company has further informed that at the Board Meeting held today (October 30, 2002) the Board of Directors appointed Mr K Skandan, IAS Secretary to the Government of Tamilnadu, Industries Department as Director and Chairman, nominated by Tamilnadu Industrial Development Corporation Ltd (TIDCO). Mr Arun Ramanthan who was appointed as Director & Chairman at the Board Meeting of the Company held on July 31, 2002 however continues to be a Director. Mr Madhavan Nambiar a nominee Director of Tamilnadu Industrial Development Corporation Ltd (TIDCO) has resigned as Director effective today (October 30, 2002).
Mirc Electronics H1 net at Rs 267.90 million
Mirc Electronics Ltd has reported a net profit of Rs 267.90 million for the half year ended September 30, 2002 as compared to a net profit of Rs 100.90 million in SH-2001. Sales (net of excise) have increased from Rs 2869.80 million in SH-2001 to Rs 3984.90 million in SH-2002. Other income was at Rs 6.90 million in SH-2001 whereas the same is at Rs 16.60 million in SH-2002.
Tisco Q2 net at Rs 2.03 billion
Tata Iron & Steel Company Ltd has posted a net profit of Rs 2.03 billion for the quarter ended September 30, 2002 as compared to a net profit of Rs 273.60 million in the quarter ended September 30, 2001. Total Income (net of excise) has increased from Rs 17.28 billion in SQ-01 to Rs 19.85 billion in the quarter ended September 30, 2002.
The Board of Directors of Tata Iron & Steel Company Ltd approved the following:
The scheme of amalgamation of Tata SSL (TSSL) with the company the appointed date being April 01, 2002.
Based on the independent valuation by S B Billimoria & Co the Board approved a swap ratio of One equity share of Tisco for every 5 equity shares held in TSSL.
Setting up of a Ferro Chrome Project at an estimated cost of Rs 2570 million at Richards Bay South Africa.
Dabur India H1 net at Rs 418.10 million
Dabur India Ltd has reported a net profit of Rs 418.10 million for the half year ended September 30, 2002 as compared to a net profit of Rs 332.70 million in SH-2001. Net Sales have increased from Rs 5622.80 million in SH-2001 to Rs 5857.50 million in SH-2002. Other income was at Rs 61.40 million in SH-2001 whereas the same is at Rs 31.60 million in SH-2002.
The Board of Directors of the Company in their meeting held today (October 30, 2002) has declared the interim dividend of 50% (ie Rs 0.50 per share) on the equity shares of the Company for the financial year 2002-03.
Interim Dividend will be paid by the Company on November 25, 2002.
Hind Lever Chemicals Q2 net at Rs 74 million
Hind Lever Chemicals Ltd has reported a net profit of Rs 74 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 100 million in SQ-2001. Net Sales have increased from Rs 2696.10 million in SQ-2001 to Rs 3005.90 million in SQ-2002. Other income is at Rs 1.90 million in SQ-2002.
Since the final rates of price concessions for Phosphatic & Potassic Fertilisers for Both June & September quarter 2002 are yet to be announced, the above results for the quarter ended September 30, 2002 are based on current methodology used in computing price concessions, taking into account changes in prices of key inputs like Phosphoric Acid, Ammonia And changes in the rupee-dollar exchange rates. Variations if any in the company estimates and the final price concessions as announced by the Government will be accounted for in the subsequent quarterly results. This is consistent with the policy adopted by the Company for accounting of price concessions.
Tata Elxsi Q2 net at Rs 28.91 million
Tata Elxsi Ltd has reported has reported a net profit of Rs 28.91 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 31.71 million in SQ-2001. Net Sales have decreased from Rs 299.44 million in SQ-2001 to Rs 275.94 million in SQ-2002. Other income has increased from Rs 5.18 million in SQ-2001 to Rs 5.64 million in SQ-2002.
SBI revises interest rates on Domestic term deposits & NRE Deposits
State Bank of India has informed BSE that the bank has decided to revise interest rates
The revised interest rates on Domestic Term Deposits & NRE deposits effective November 01, 2002 would be as under:
Duration----------------- Revised Interest Rate% pa
15 days to 45 days ----------------- 4.50
46 days to 179 days ----------------- 5.50
180days to less than 1 year ----------------- 5.75
1 year to less than 2 years ----------------- 6.50
2 year to less than 3 years----------------- 6.75
3 years & above ----------------- 7.00
The revised rates payable on Domestic Term deposits with a maturity period 7 days to 14 days effective November 01, 2002 would be as under:
Rs 1.50 million & above 4.00% pa
The revised rates payable on deposits of Senior Citizens, effective from October 23, 2002 would be as under:
Duration ----------------- Revised Interest Rate% pa
I year to less than 2 years ----------------- 7.00
2 years to less than 3 years ----------------- 7.25
3 years and above ----------------- 7.50
SSI announces Q1 consolidated results: loss at Rs 104.71 million
SSI Ltd consolidated results are as follows:
The net loss is at Rs 104.70 million for the quarter ended September 30, 2002 as compared to a net loss of Rs 83.50 million in the quarter ended September 30, 2001. Total Revenues have decreased from Rs 1137.30 million in SQ-01 to Rs 913.70 million in the quarter ended September 30, 2002.
Commenting on the results, Kalpathi S Suresh Chairman & CEO SSI said, "We are seeing a stabilization of both training & software services revenues on a quarter-on-quarter basis. Going forward we expect revenues and profitability to gradually rise through the rest of the year."
Atlas Copco Q3 net at Rs 164 million
Atlas Copco India Ltd has reported a net profit of Rs 164 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 6.70 million in SQ-2001. Net Sales have increased from Rs 522.10 million in SQ-2001 to Rs 610.80 million in SQ-2002. Other income has increased from Rs 17.50 million in SQ-2001 to Rs 30.80 million in SQ-2002.
On completion of sale of 320200 equity shares held by the Company in Revathi Equipment Ltd., the Company has accounted as exceptional item a sum of Rs 63.10 million as profit on sale of investments, Additionally, a sum of Rs 90 million as consideration received (net of expenses) has been received in respect of agreements for non solicitation and non-compete.
Gujarat Heavy Chemicals Board approves amalgamation of Icon Data with the Company
Gujarat Heavy Chemicals Ltd has informed BSE that Board of Directors in their just concluded meeting has approved the amalgamation of Icon Data Management Ltd (IDML) with the Company subject to verification of legal compliance as may be required.
The proposed transfer date of amalgamation will be January 01, 2003 or any other date as may be approved by members and Hon'ble High Court of Gujarat.
IDML is a wholly owned subsidiary of the Company and hence there will be no exchange ratio and issue of shares. All the assets and liabilities of IDML will be takenover by GHCL on the transfer date of amalgamation. The above is subject to the confirmation of the Scheme of Amalgamation by the Hon'ble High Court.
HCL Tech forges strategic alliance with Alventive Inc
HCL Technologies Ltd has forged a strategic alliance with Alventive Inc to deploy Alventive's Collaboration Solution Worldwide. Alventive, a US based Product Collaboration company, has an established track record for providing software solutions in the Product Lifecycle Management (PLM) space.
In the prevailing environment, as organizations seek increasingly outsource Design, Manufacturing and Development activities, powerful collaboration solutions are becoming imperatives, as business process enablers across virtual enterprises.
Geometric licenses Collabview ™ Technology
Geometric Software Solutions Co Ltd a leading provider of Product Lifecycle Management (PLM) software solutions announced a technology licensing agreement with Corporate Synergy Development Center Ltd, an organization funded by the Industrial Development Bureau, Ministry of Economic Affairs, and the manufacturing industry in Taiwan. Under this agreement, Geometric will license its Collabview™ technology to CSD, who will integrate the technology with its proprietary software.
A collaborative technology framework developed by Geometric Collabview™ facilitates the rapid development of custom visualization and collaborative solutions. CollabView™ helps manufacturing organizations compress the design-manufacturing lifecycle by facilitating real-time collaboration across the extended enterprise. The framework has applications in the automotive, aerospace, industrial equipment, medical and consumer goods markets.
Sandeep Kulkarni, Head-Collaborative Engineering Business Unit says, "CollabView™ has already been successfully deployed across industries in the US and Europe. With this agreement, the benefits of this exciting technology will now be available to the Taiwanese manufacturing industry".
Hinduja TMT extends its operations to Philippines with Order for 138 CSRs
Hinduja TMT Ltd handles its BPO and Call Center activities from Bangalore, is presently operating a Voice Call Center with 660 Customer Service Representatives (CSRs). To manage risks posed by external environment & meet the requirements of its overseas clients for disaster recovery and business continuity, HTMT has now entered into an agreement with a company in Philippines for providing Call Center services with 138 CSRs to start with for one of its US clients. The call center in Philippines will commence operations from November 15, 2002.
As part of its global growth strategy, HTMT is also looking into establishment of BPO and Call center facilities in other offshore locations as well for de-risking its businesses and meeting the expectations of its existing and prospective customers.
SBI announces Q2 results
State Bank of India has posted a net profit of Rs 8.35 billion for the quarter ended September 30, 2002 as compared to Rs 6.22 billion in the corresponding period last fiscal. Total Income has increased from Rs 84.46 billion in SQ-01 to Rs 89.93 million in SQ-2002.
Indian Oil Corp Q2 net at Rs 25.14 billion
Indian Oil Corporation Ltd has posted a net profit of Rs 25.14 billion for the quarter ended September 30, 2002 as compared to Rs 4.65 billion in the corresponding period last fiscal. Total Income has increased from Rs 287.17 billion SQ-01 to Rs 301.40 billion in SQ-2002.
Telco Q2 net at Rs 588 million
Tata Engineering & Locomotive Company Ltd has posted a net profit of Rs 588 million for the quarter ended September 30, 2002 as compared to a net loss of Rs 618.30 million for the quarter ended September 30, 2001. Total Income has (net of excise) has increased from Rs 17374.60 million in SQ-01 to Rs 21652.30 million in the quarter ended September 30, 2002.
Bharat Electronics Q2 net at Rs 476.70 million
Bharat Electronics Ltd has reported a net profit of Rs 476.70 million for quarter ended September 30, 2002 as compared to a net profit of Rs 228.50 million in SQ- 2001. Total Income has increased from Rs 3793.60 million in quarter ended September 30, 2001 to Rs 5518.10 million in SQ-2002.
The company has further informed that with good order position, sales and production are expected to further pick up in subsequent quarters.
Interfin Merchant Bank goes live on Flexcube, Flexcube Investor services and Flexcube Dealer
i-flex solutions today (October 30, 2002) announced that Interfin Merchant Bank of Zimbabwe Ltd has gone live with Flexcube as well as the Flexcube Investor Services and Flexcube Dealer modules at the bank, Interfin will also look to implement Flexcube @ i-flex's internet banking solution in the next phase of its technology upgrade program. Interfin is the second largest merchant bank in Zimbabwe.
Interfin has replaced its current legacy batch processing system with Flexcube as Flexcube offers centralized real time functionality that in turn will significantly improve transaction turnaround time and customer service. Flexcube scalability to handle future business growth and its ability to integrate the operations of Interfin's subsidiaries also played an important part in the bank deciding to implement Flexcube.
IDBI H1 net at Rs 1520 million
Industrial Development Bank of India has reported a net profit of Rs 1520 million for half year ended September 30, 2002 as compared to a net profit of Rs 2070 million in half year ended September 30, 2001. Total Income has decreased from Rs 41270 million in half year ended September 30, 2001 to Rs 37540 million in half year ended September 30, 2002.
Escorts Director-Mr Mantosh Sondhi expires
Escorts Ltd has informed BSE that Mr Mantosh Sondhi, Director of the Company has expired on October 29, 2002.
M & M Q2 net at Rs 582.73 million
Mahindra & Mahindra Ltd has reported a net profit of Rs 582.73 million for the quarter ended September 30, 2002 as compared to a net loss of Rs 26.72 million in SQ-2001. Sales (net of excise) has increased from Rs 7611 million in SQ-2001 to Rs 8206.39 million in SQ-2002. Other income has increased from Rs 125.22 million in SQ-2001 to Rs 187.54 million in SQ-2002.
The improvement in operating profits of the company in the quarter is due to the increase in the sales volumes in the Company's Automotive Sector and the benefits accruing from the cost-reengineering and restructuring initiatives taken by the Company in the recent past.
FY 2003 outlook
Agriculture continues to play a major role in the Indian economy. Due to an inadequate monsoon and resultant decline in the agricultural output this year, rural incomes have stayed under pressure. Whilst there will be a consequent impact of this external environment on our business, the company will strive to mitigate this impact and retain market dominance through its continuing focus on customer requirements, cost and process efficiencies and introduction of new products and variants.
Zuari Ind Board approves hiving off of Furniture Products division
The Board of Directors of Zuari Industries Ltd at their meeting held on October 29, 2002 approved the scheme of arrangement of hive-off of Furniture Products Division into a separate company. However this shall be subject to the approval of the shareholders and sanction of the scheme of arrangement by the Hon'ble High Court.
The Board of Directors of Zuari Industries Ltd approved the scheme of arrangement for amalgamation of Zuari Leasing Ltd with the company. However, this shall be subject to the approval of shareholders and sanction of the scheme of arrangement by the Hon'ble High Court.
Bata Board Meeting for Q3 results rescheduled to Nov 07, 2002
Bata India Ltd has informed BSE that the Board Meeting scheduled to be held on November 08, 2002 to consider inter alia the unaudited financial results of the Company for the third quarter ended on September 30, 2002 will now be held on November 07, 2002.
e-Serve International posts net profit of Rs 58.80 million
e-Serve International Ltd has posted a net profit of Rs 58.80 million for the quarter ended September 30, 2002 as compared to Rs 24.60 million in the quarter ended September 30, 2001. Total income has increased from Rs 471.70 million in the quarter ended September 30, 2001 to Rs 611.90 million in the quarter ended September 30, 2002.
Sterlite Industries reported a net profit of Rs 414.80 million
Sterlite Industries Ltd has reported a net profit of Rs 414.80 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 239.70 million for SQ-2001. Net Sales has increased from Rs 7186.10 million in SQ-2001 to Rs 7707.90 million in SQ-2002. Other income has increased from Rs 35.70 million in SQ-2001 to Rs 39 million in SQ-2002.
Zee Tele reports a net profit of Rs 161.30 million
Zee Telefilms Ltd has reported a net profit of Rs 161.30 million for the quarter ended September 30, 2002 as compared to a net profit of Rs 295.90 million for SQ-2001. Income from sales & services has decreased from Rs 1046 million in SQ-2001 to Rs 880.30 million in SQ-2002. Other income for quarter ended September 30, 2002 is at Rs 186.70 million.
The consolidated results are as follows:
The Company has posted a PAT of Rs 532.90 million in SQ-2001 whereas the same is at Rs 545.50 million in SQ-2002. Total Revenue has increased from Rs 2478.60 million in SQ-2001 to Rs 2745.50 million in SQ-2002. Other income has increased from Rs 188.40 million in SQ-2001 to Rs 197.20 million in SQ-2002.
Zee issues outlook
Although advertising spends continue to remain lack luster, Zee strategic programming initiatives are expected to help in maintain or improve its share of advertising revenues. However subscription revenues form the domestic as well as the international markets continue to grow at a healthy rate, which will provide an increasing broad basing of revenue stream in the days ahead.
We continue to face an extremely challenging environment but are reasonably confident of our ability to deliver value from our multi-pillar business model which we feel is best suited in the diversified Indian environment.
Indo Rama Syn files application to Hon'ble High Court for corporate restructuring
Indo Rama Synthetics India Ltd has informed BSE that pursuant to its decision of Corporate restructuring through demerger of its spinning operations into a separate company (Transferee Company) the Company has filed necessary application before the Hon'ble High Court of Indore on October 28, 2002 under Sec 391-394 of the Companies Act 1956. The transferee company intends to file the requisite application before the Hon'ble High Court of Delhi under Sec 391-394 of the Companies Act 1956 so as to enable sanctioning of the said scheme of Arrangement/Demerger by the respective High Courts.
The steps are aimed at enhancing shareholders value through focussed attention with respect to the separate business dynamics of both the businesses, namely Polyesters & Spinning.
Esab India announces change in management structure
Esab India Ltd has informed BSE that Mr H V Schoyck has resigned as a Director and Chairman of the Board of Directors. Mr Homi Mullan has been nominated as a non-retiring Director and Chairman of the Board of Directors of the Company in place of Mr Schoyck w e f October 29, 2002.
Kochi Refineries net profit at Rs 852 million
Kochi Refineries Ltd has reported a net profit of Rs 852 million for SQ-2002 as compared to Rs 79.20 million for SQ-2001. Sales (net of excise) have increased from 17803.10 million in SQ-2001 to Rs 21306.60 million in SQ-2002. Other income has increased from Rs 84.60 million in SQ-2001 to Rs 168.10 million in SQ-2002.
Silverline reports a net loss of Rs 12.02 million
The Company has reported a net profit of Rs 423.59 million for the financial year ended June 30, 2002 (comprising of 15 months) whereas the same was Rs 1314.65 million for financial year ended March 31, 2001. Total Income for FY-2001 was at Rs 3093.58 million whereas the same is at Rs 2213.47 million for FY-2002 (comprising of 15 months).
The Company has changed its accounting year from April-March to July-June from the current financial year. Consequently the current financial statements are for the period April 01, 2001 to June 30, 2002 and hence not comparable with the financial statements of the previous year ended March 31, 2001.
Mangalore Refinery and Petrochemicals Ltd has informed BSE that the Board of MRPL in its meeting held on October 28,2002 has accorded its in principle approval to the Restructuring package as agreed by & between ONGC (a proposed shareholder in MRPL) & the Lenders (Banks & Financial Institutions) of MRPL subject to such modifications that ONGC may communicate to the Company (provided such modifications are in line with the ONGCs proposal dated July 29, 2002 & ICICI Banks sanction letter dated September 11,2002) & reconciliation of the outstanding debt amount of the Company with the Lenders provided:
(i) Government of India approval is obtained for the transfer of equity shares in the Company by Indian Rayon & Industries Ltd & its associates to ONGC ; and
(ii) Shareholders (including Promoters i.e. HPCL & IRIL & Associates) approval is obtained for the purpose of preferential allotment of equity shares &/or preference shares/ Zero coupon Debentures in the Company to ONGC/Lenders.
ICICI Bank, IDBI, IFCI, UBI, PNB, Corporation Bank, Canara Bank, Bank of Baroda , State Bank of Hyderabad have already approved in principle the said restructuring package. Approvals of the other banks/FI namely, Industrial Investment Bank of India Ltd, Vijaya Bank, State Bank of India, Oriental Bank of Commerce, HDFC Bank Ltd covered under the Restructuring Package is awaited.
The salient features of the said Restructuring Package are as under:
(1) Debts amounting to Rs 43750 million including accrued interest will be restructured as under
(a) Rupee Term Loan aggregating to Rs 22000 million will be restructured by reduction in rate of interest & extending the repayment schedule.
(b) Rs 2780 million Rupee Term Loans will be converted into equity shares to be issued at par.
(c) Rs. 1220 million of Rupee Term Loans will converted into 0.01% redeemable Preference Shares/Zero Coupon Secured Debentures.
(d) Deferred Payment Guarantee & Foreign Currency Loan lenders will sanction a loan of Rs 17000 million for meeting the DPG payment obligations and foreign currency loans interest & principal payments, on due dates in future ( including depreciation in rupee, if any), DPG commission will be reduced to 0.75% per annum. They will also subscribe to equity share of Rs870 million at par & 0.01% redeemable preference shares/ Secured Zero Coupon Debentures of Rs 380 million.
(e) Debts of Rs 6000 million will be paid out of fresh equity being brought by ONGC
(2) ONGC will bring Rs 6000 million as fresh equity in the Company at the time of implementation of Restructuring Package & will take over a minimum of 51% equity holding in the company.
(3) ONGC will take reasonable steps to arrange for need based working capital for the Company;
(4) ONGC would provide a Letter of Comfort in the form & manner mutually satisfactory to ICICI Bank & /or other lenders in respect of the Companys repayment commitments of principal & interest of all restructured facilities under the Restructuring Package.
McDowell reports a net profit of Rs 18.90 million
McDowell & Company Ltd has reported a net profit of Rs 18.90 million for the quarter ended September 30, 2002 as compared to Rs 35.90 million for SQ-2001. Sales (net of excise) have increased from Rs 2160.80 million in SQ-2001 to Rs 2356.50 million in SQ-2002. Other income has increased from Rs 61.70 million in SQ-2001 to Rs 80.60 million in SQ-2002.
Max India posts a net profit of Rs 7.70 million
Max India Ltd has reported a net profit of Rs 7.70 million for the quarter ended September 30, 2002 as compared to a net loss of Rs 35.60 million for the quarter ended September 30, 2001.Total Income have increased from Rs 382.10 million in SQ 2001 to Rs 503.50 million in SQ 2002.
McDowell issues outlook
McDowell & Company Ltd has issued the following outlook:
Typically the first half of the year represents 45% and the second half of the year represents 55% of sales. Considering current trends, McDowell volumes will be upwards of 20 million cases in 2002-03.
Cairns Energy to supply Gas to Gujarat Gas Co prior to Nov 11, 2002
Gujarat Gas Company Ltd had informed BSE that supply of gas under an agreement for purchase of 1.27 million standard cubic meters of gas per day with a consortium led by Cairn Energy was to start in late October 2002.
As per communication received from Cairn Energy, gas supply is now expected to start prior to November 11, 2002.
Vision Organics re-issues forfeited equity shares
BSE has informed the members of the exchange that Vision Organics Ltd has re-issued the balance 10,96,980 equity shares out of 24,93,780 equity shares which were earlier forfeited by the Company due to non-payment of allotment/call monies. Hence members may note that the above mentioned re-issued shares will be good delivery in the market.
SSI reports net profit of Rs 11.27 million
SSI Ltd has reported a net profit of Rs 11.27 million for the quarter ended September 30, 2002 as compared to Rs 27.83 million in SQ-2001. Net Sales has decreased from Rs 828.68 million in SQ-2001 to Rs 595.81 million in SQ-2002. Other income has decreased from Rs 73.27 million in SQ-2001 to Rs 18.31 million in SQ-2002.
Wockhardt posts net profit of Rs 360 million
Wockhardt Ltd has posted a net profit of Rs 360 million for the quarter ended September 30, 2002 as compared to Rs 296 million in the corresponding period last fiscal. Total Income has increased from Rs 1743 million in the quarter ended September 30, 2001 to Rs 2056 million in the quarter ended September 30, 2002.
BHEL reports net profit of Rs 1085.40 million
Bharat Heavy Electricals Ltd has reported a net profit of Rs 1085.40 million for the quarter ended September 30, 2002 as compared to Rs 1464.40 million in SQ-2001. Sales (net of excise) has decreased from Rs 14398.50 million in SQ-2001 to Rs 12891.30 million in SQ-2002. Other income has increased from Rs 483.40 million in SQ-2001 to Rs 563.50 million in SQ-2002.
