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| ICICI Bank Q4 net up 53%, FY-01 net up by 48.75%
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ICICI Bank Ltd has posted a net profit of Rs 504 million for the quarter ended March 31, 2001 as compared to Rs 329.40 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 4687.40 million as compared to Rs 3497 million in the corresponding period last fiscal.
Net Profit for the year ended March 31, 2001 is at Rs 1611 million as compared to Rs 1083 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 14621.40 million as compared to Rs 10469.20 million for the year ended March 31, 2000.
Bank of Madura Limited (BoM) was amalgamated with the Bank with effect from March 10,2001 in terms of the Scheme of Amalgamation sanctioned by Reserve Bank of India vide order dated February 27,2001 and the above results include the results of erstwhile BoM from that date.
The Board of Directors has recommended a dividend of Rs 2.00 per share (20%) for the year ended March 31 2001(Previous year Rs 1.50 per share @ 15%).
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| Satyam bags Frost & Sullivan award for competitive strategy in ASP
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Satyam Computer services Ltd has informed BSE that it has been named winner of the Frost & Sullivan Market Engineering Award for Competitive Strategy 2001 in the Application Service Provider (ASP) category. The award is presented to best of breed companies that successfully develop innovative market strategies that redefine the way business is conducted and contribute to significant market expansion.
Frost & Sullivan, an international market consulting firm, presents the Market Engineering Awards to companies that demonstrate diligence, perseverance, and dedication required to develop successful businesses that excel in a competitive market place. These awards are given based on a rigorous analysis that involves benchmarking firms against multiple criteria.
To select the award recipient, analysts quantify several market factors for each market participant according to predetermined criteria. The research process includes interviews with industry experts, industry participants, and end-users, as well as extensive secondary data research. Formulated criteria determine industry rankings. This award recipient is ranked number one among all industry participants.
In addition to the methodology described above, specific criteria are used to determine the final rankings of industry competitors. The recipient of the award should have excelled on one or more of the following: Percent growth in revenue, degree of strategy innovation, successful alliances, mergers and acquisition, "Mind share" growth, correlation between revenues and investments, and penetration rate of new markets.
Satyam Infoway (Sify) a subsidiary of Satyam, providing Internet related services has won the award for business development strategy in the Internet Data Centre category. The company has successfully leveraged the brand image of its parent group Satyam Computer Services Ltd and has emerged as the largest private ISP in the country, said a Frost & Sullivan spokesperson.
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| Hindalco FY-01 net up by 10.72%
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Hindalco Ltd has posted a net profit of Rs 6781 million for the year ended March 31, 2001 as compared to Rs 6124 million for the year ended March 31, 2000. Total Income for the year ended March 31, 2001 is at Rs 24069 million as compared to Rs 21699 million in the year ended March 31, 2000.
For the year ended March 31, 2000 the company had incurred an expenditure on greenfield project expenses of Rs 228 million.
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| Shipping Corporation Q4 results on April 30, 2001
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| Shipping Corporation of India Ltd. has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on April 30, 2001, for taking on record the unaudited financial results (provisional) for the quarter ended March 31, 2001.
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| Aptech Q1 net up by 35.16%
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Aptech Ltd has posted a net profit of Rs 27.17 million for the quarter ended March 31, 2001 as compared to Rs 20.10 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 697. 10 million as compared to Rs 724.69 million in the quarter ended March 31, 2000.
Training & Education business grew from Rs 500.05 million in MQ 2000 to Rs 600.76 million in the quarter ended March 31, 2001 showing a growth of 20.14%. Income from software & consulting fell from Rs 226.24 million in the quarter ended March 31, 2000 as compared to Rs 69.07 million in the quarter ended March 31, 2001 showing a fall of 69.47%.
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| PSI Data Q1 net down by 45.85%
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PSI Data Systems Ltd has posted a net profit of Rs 21.55 million for the quarter ended March 31, 2001 as compared to Rs 39.80 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 210.66 million as compared to Rs 184.72 million in the corresponding period last fiscal.
PSI results for the first quarter 2001 have shown a growth of 14.83 % in the total income, and a decrease of Rs 18.25 million in net profit. This is mainly the effect of:
-slow down of US market, from where the biggest part of PSI growth was expected.
-the sale of ATMs business in India to Diebold
-delay of some orders to Q2
It is expected that some significant orders, results of the commercial investments made in Europe, Japan and US, will flow in the next few months and support the expected growth for the rest of the year.
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| Cipla Q4 net up by 18.15%, FY-01 net up by 34.08%
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Cipla Ltd has posted a net profit of Rs 343.60 million for the quarter ended March 31, 2001 as compared to Rs 290.80 million for the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 2744.20 million as compared to Rs 1838.60 million in the corresponding period last fiscal.
Net profit for the year ended March 31, 2001 is at Rs 1784.20 million as compared to Rs 1330.60 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001 is at Rs 10872.50 million as compared to Rs 7954.90 million in the corresponding period last fiscal.
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| Great Eastern to publish FY-01 results by May 3, 2001
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| Great Eastern Shipping Company Ltd. has informed BSE that a meeting of the Board of Directors has been convened on May 03, 2001 to consider the Annual Accounts for the year ended March 31,2001 and recommend dividend, if any to the members.
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| Silverline to publish FY-01 results by June 30, 2001 |
| Silverline Technologies Ltd. has informed the BSE that the Audited Results for the financial Year ended March 31, 2001 will be published within a period of three months for the end of the accounting period.
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| Himachal to publish FY-01 results before June 30, 2001 |
Himachal Futuristic Communications Ltd. has informed BSE that the company will publish the Audited financial Results for the year ended March31, 2001on or before June 30, 2001.
The date of the Board meeting to be held to approve the audited accounts will be intimated in due course.
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| Rolta Q1 net up by 43.74%
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Rolta India Ltd. has posted a net profit of Rs 307.04 million for the quarter ended March 31, 2001 as compared to Rs 213.60 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 802.2 million as compared to Rs 587 million in the corresponding period last fiscal.
The current order book position of the Company is quite satisfactory for both domestic and overseas operations. The company's approach of providing a full spectrum of value-added IT solutions & services for specific markets i.e. Geo-Spatial Technology for AM/FM & GIS, Plant Design Automation, Mechanical Design Automation/ Collaborative Product Commerce, and eBusiness Solutions & Internet Infrastructure Services has enabled the Company to grow extremely quickly - Business World's, April 2001 edition, has ranked the company 14th amongst the 25 fastest growing companies in India. To continue its aggressive growth, the company is expanding its operations and setting up a subsidiary in Germany to address this market.
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Cadbury India Ltd has posted a net profit of Rs 123.90 million for the quarter ended March 31, 2001 as compared to Rs 105 million in the quarter ended March 31, 2000. Total Income for the quarter ended March 31, 2001 is at Rs 1517.80 million as compared to Rs 1410.60 million in the corresponding period last fiscal.
Equity capital has increased to Rs 357.10 million consequent to allotment of bonus shares in the ratio of one equity share for every two equity shares by capitalisation of share premium.
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| Indian Rayon Q4 net at Rs 224.40 million, FY-01 net at Rs 685.20 million |
Indian Rayon and Industries Ltd has posted a net profit of Rs 224.40 million for the quarter ended March 31, 2001 as compared to a net loss of Rs 2769.30 million in the corresponding period last fiscal. Total Income for the quarter ended is at Rs 3633.50 million as compared to Rs 3331.60 million in the corresponding period last fiscal.
The net profit for the year ended March 31, 2001 is at Rs 685.20 million as compared to a net loss of Rs 2412.30 million in the corresponding period last fiscal. Total Income for the year ended March 31, 2001is at Rs 15259.50 million as compared to Rs 13021.90 in the previous financial year ended March 31,00.
The company had incurred an extra-ordinary loss of Rs 2979.10 million in the quarter ended March 31, 2000 and Rs 2988.20 million in the financial year ended March 31, 2000 due to exit from Sea water magnesia business.
The Board of Directors of the company has recommended a dividend of 30% as compared to 10% in the previous year.
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| Indian Extractions installs new chimney at Jamnagar Factory |
| Indian Extractions Ltd has informed BSE that a new chimney has been installed and normalcy has been restored at the Jamnagar Factory.
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| Siemens Q2 net down by 24.31%
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Siemens Ltd has posted a net profit of Rs 227.23 million for the quarter ended March 31, 2001 as compared to Rs 300.25 million in the corresponding period last fiscal. Net sales for the quarter ended March 31, 2001 are at Rs 3126.31 million as compared to Rs 2724.58 million in MQ 2000 showing an increase of 14.74%.
Other income for the quarter ended March 31, 2001 is at Rs 112.38 million as compared to Rs 218.50 million in the quarter ended March 31, 2000.
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| M&M FY-01 results on May 28, 2001
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| Mahindra & Mahindra Ltd. has informed BSE that a meeting of the Board of Directors will be held on May 28, 2001 for consideration of the audited financial results of the Company for the year ended March 31,2001.
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| Rallis clarifies on news item
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| With reference to an article "Rallis, Tata Chem merger likely" appearing in a leading financial daily, Rallis India Ltd. has informed BSE that at present there is no proposal under consideration for the merger of the Company and Tata Chemicals Ltd.
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| IDBI clarifies on news item |
| With reference to news article appearing in a financial daily, Industrial Development Bank of India has informed BSE that there are no concrete plans of a merger between IFCI and IDBI. It further said that the Banking Division in Finance Ministry has convened a preliminary meeting to consider all possibilities of restructuring of IFCI including the merger.
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| Thomas Cook Q1 net down by 28.65% |
Thomas Cook India Ltd has posted a net profit of Rs 30.80 million for the quarter ended March 31, 2001 as compared to Rs 43.17 million for the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 221.99 million as compared to Rs 202.89 million in the corresponding period last fiscal.
The Board of Directors of the company has also decided to convene an Extraordinary General Meeting immediately after the Annual General Meeting on June 08,2001 for approval of the shareholders ratifying change in control of Thomas Cook (I) Ltd. to C & N Touriatic AG, Germany (C & N) pursuant to the order dated March 20, 2001issued by SEBI to C & N.
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| Alembic receives order from appellate authority to continue operations |
Alembic Ltd. has informed BSE that the appellate authority has passed an order dated April 18,2001 that the appeal of the company is allowed and the impugned order, dated March 09,2001 issued by the Gujarat Control Pollution Board directing the company to stop the operations, has been set aside. Therefore, company's operations have been continuing and there is no stoppage at any point of time.
Further, the Board of Directors at their meeting held on April 25, 2001 has approved the scheme of arrangement for take over of bulk drug manufacturing unit subject to necessary approvals. The company will issue six equity shares of Rs.10 each for every hundred equity shares of Darshak Ltd.
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| Nestle India fixes Book Closure for Dividend |
| Nestle India Ltd. has informed BSE that it has fixed Book Closure from June 16,2001 to June 27,2001 for declaring 60% Final Dividend.
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| Indian Aluminium Co. fixes Book Closure for Dividend |
| Indian Aluminium Co Ltd has informed BSE that it has fixed Book Closure from June26, 2001 to July 09,2001 for declaring 40% Dividend.
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| Alembic fixes Book Closure for Dividend |
| Alembic Ltd has informed BSE that it has fixed Book Closure from June 19,2001 to June 30,2001 for declaring 35% Dividend.
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| Engineers India Q4 net up by 125.61%, FY-01 net up by 0.76% |
Engineers India Ltd has posted a net profit of Rs 164.50 million for the quarter ended March 31, 2001 as compared to Rs 72.90 million in the corresponding period last fiscal. Total Income for the quarter ended March 31, 2001 is at Rs 2121.80 million as compared to Rs 1930.50 million in the corresponding period last fiscal.
Net profit for the year ended March 31, 2001 is at Rs 1271.70 million as compared to Rs 1262 million in MQ 2000. Total Income for the year ended March 31, 2001 is at Rs 8594.70 million as compared to Rs 6933.10 million in the financial year ended March 31, 2000.
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