Bayer Diagnostics Q2 net up by 33.98%

Bayer Diagnostics India Ltd has posted a net profit of Rs 13.76 million for the quarter ended June 30, 2001 as against Rs 10.27 million in the same period last year. Total Income for the quarter ended June 30, 2001 is higher at Rs 153.67 million as against Rs 126.18 million for the quarter ended June 30, 2000.

DSQ Software Q2 net down by 61.96%

DSQ Software Ltd has reported a net profit of Rs 96 million for the quarter ended June 30, 2001 as against Rs 252.40 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 804.50 million as compared to Rs 1015.20 million for the quarter ended June 30, 2000. The Company has reported that SEBI vide its order dated 20-07-2001 has directed the Company to cancel the acquisition of Fortune Technologies Inc. USA. The company is in the process of complying with this order in accordance with the procedures and the paid-up capital will be reduced accordingly on completion of the formalities.

Atlas Copco Q2 PBT up by 31.41%

Atlas Copco (India) Ltd has posted a profit before tax of Rs 64 million for the quarter ended June, 30, 2001 as against Rs 48.70 million for the same period last year. Net Sales for the quarter ended June 30, 2001 has increased from Rs 343.40 million in JQ-00 to Rs 555 million in JQ-01. Other Income for JQ-01 is at Rs 26.90 million as compared to Rs 4.50 million for JQ-00. Extra-ordinary items amount to Rs 9.20 million being write back of/payment to and provision for employees retired under voluntary retirement scheme for the current quarter and Rs 46.80 million being profit on sale of Residential Property for the quarter ended June 30, 2000. The net profit after consideration of the said extraordinary items and tax comes to Rs 54.70 million as against Rs 55 million for the quarter ended June 30, 2000. Amounts for the three months ended June 30, 2001 include amounts for the erstwhile Chicago Pneumatic India Ltd (CPIL) and are therefore, not comparable to the corresponding figures for previous periods. Although the amalgamation became effective from April 1,2000 the appointed date of amalgamation the order of the Honourable High Court approving the amalgamation was sanctioned on November 29, 2000, and hence the results for the three months ended June 30, 2000 do not include the results of operations of the erstwhile CPIL. The Board of Directors in their meeting held on July 25, 2001 has approved the restructuring of Pneumatic Tools Manufacturing capacities, through a voluntary retirement scheme.

Jindal Steel Q1 PAT up by 7.76%

Jindal Steel and Power Ltd has posted a profit after tax of Rs 267.90 million for the quarter ended June 30, 2001 as against Rs 248.60 million in the quarter ended June 30,2000. Net Sales/Income from Operations is higher at Rs 1301.10 million for the quarter ended June 30, 2001 as against Rs 1071.30 million in the quarter ended June 30, 2000. Other Income is at Rs 8.30 million in JQ 2001 as against Rs 9.60 million in JQ 2000. Pursuant to Schedule II (Accounting Policies) of the aforesaid SEBI guidelines, employee compensation of Rs 12.30 million has been shown under extraordinary expenditure. The net profit for the current quarter after consideration of the said extraordinary expenditure comes to Rs 255.60 million as against Rs 248.60 million in the quarter ended June 30, 2000.

Carrier Aircon MD resigns

Carrier Aircon Ltd has informed BSE that Mr. Anil K. Srivastava, Managing Director of the Company, has tendered his resignation as Managing Director and Director on the Board of the Company on July 24, 2001. The Board of Directors of the Company at its meeting held on July 24, 2001 has accepted and taken on record his resignation with effect from July 24, 2001. The Company has also informed that the Board has appointed Mr. G. Raghavan, as President of the Company and also a Director on the Board of the Company, subject to approval of SEBI, in view of the Public Offer made by the Carrier International Mauritius Ltd for the acquisition of the balance 49% of the paid up capital of the Company being currently open.

Philips India Q2 net loss at Rs 87.30 million

Philips India Ltd has posted a net loss of Rs 87.30 million for the quarter ended June 30, 2001 as against a net loss of Rs 34.90 million for the same period last year. Net Sales and Income from Operations of Rs 3609.60 million was marginally lower than in the corresponding quarter of 2000. The Company has charged off Rs 164.90 million during the current quarter as Exceptional items which include Employees' Voluntary Retirement Scheme payments and writing down of assets no longer in active use. The performance of the Lighting Division has been reported to be satisfactory under difficult market conditions. The Consumer Electronics Division has performed to expectations, reflecting the results of measures put in place during 2000. Market conditions of the Company's products and services continued to remain difficult and the Company is likely to incur significant expenditure on restructuring in the second half of the year.

Monsanto India Q1 net down by 14.12%

Monsanto India Ltd has posted a net profit of Rs 104.60 million for the quarter ended June 30, 2001 as against Rs 121.80 million in the same period last fiscal. Net Sales has declined from Rs 998.20 million in the quarter ended June 30, 2000 to Rs 849.60 million in the current quarter ended June 30, 2001. Other Income stands at Rs 4.50 million in JQ-01 as compared to Rs 6.80 million in JQ-00. The Company has reported that the results of the 1st quarter ended June 30, 2001 are not strictly comparable with the same quarter of the previous year as the agriculture business of Monsanto Enterprises Ltd and the agriculture business related assets of Monsanto Holdings Private Ltd were taken over w.e.f. April 28, 2001.

Digital Equipment announces appointment of alternate directors

Digital Equipment (India) Ltd has informed BSE that the following changes have take place in the Board of Directors of the Company: 1. Mr James J Conor has been appointed as an Alternate Director to Mr. Richard Fricchione for the Committee Meetings, Board Meeting and Annual General Meeting held on July 18, 2001 and July 19, 2001 respectively. 2. Mr. Mahendra Patel has been appointed as an Alternate Director to Mr Richard Marcello for the Committee Meetings, Board Meeting and Annual General held on July 18, 2001 and July 19, 2001 respectively.

M & M Kandivli tractor unit to remain closed for three days

Mahindra & Mahindra Ltd has informed BSE that in order to regulate production in response to seasonal market demand and for better inventory management, production at Kandivli tractor unit of Company will be closed for three days on July 27, 2001, July 28, 2001 and July 30, 2001. The unit will function as usual on all other days. Employees who are not required to be present for the above days will be paid wages as usual.

Aftek Infosys Q4 net up by 258.52%, FY-01 net up by 192.02%

Aftek Infosys Ltd has posted a net profit of Rs 86.51 million for the quarter ended June 30, 2001 as against Rs 24.13 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 155.12 million as against Rs 60.27 million for the quarter ended June 30, 2000. Net Profit for the year ended June 30, 2001 is at Rs 246.91 million as against Rs 84.55 million for the previous year ended June 30, 2000. Total Income for the year ended June 30, 2001 is at Rs 483.42 million as against Rs 208.12 million for the year ended June 30, 2000.

SBI Q1 net up by 25.57%, Total Income up by 20.88%

State Bank of India has posted a net profit of Rs 5797.80 million for the quarter ended June 30, 2001 as against Rs 4617 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 81318.90 million as against Rs 67271.30 million in the quarter ended June 30, 2000. The working results for the quarter ended the June 30, 2001 have been arrived at after considering provision for NPAs, Bonus, Gratuity, Income Tax, Wealth Tax, Investment Depreciation etc., on an estimated basis. Payments to and provisions for Employees for the quarter ended June 30, 2001 include an amount of Rs 886.30 million towards writing off on pro-rata basis, the Deferred Revenue Expenditure related to Voluntary Retirement Scheme implemented in FY 2000-01. The investment portfolio of the Bank has been classified and valued in accordance with the instructions issued by RBI.

Parke Davis Q1 PAT down by 23.04%

Parke Davis (India) Ltd has posted a profit after tax of Rs 56.10 million for the quarter ended June 30, 2001 as compared to Rs 72.90 million for the corresponding period last fiscal. Net Sales for the quarter ended June 30, 2001 is at Rs 533.20 million as against Rs 532.80 million for the quarter ended June 30, 2000. Other Income is at Rs 10.90 million in JQ 2001 as against Rs 50.20 million in JQ 2000. Other income for the quarter ended 30th June 2000 included Rs 29.40 million towards profit on sale of flat and Rs 17.50 million towards lease rental income. Extra-Ordinary items amounting to Rs 18.70 million being Voluntary Retirement and the Compensation Costs (Rs 18.50 million in JQ 2000) have charged to the Profit & Loss Account within a period of 60 months from accrual, after consideration of which the net profit comes to Rs 37.40 million in JQ 2001 as compared to Rs 54.40 million in JQ 2000.

Ashok Leyland Finance JQ 2001 net profit up by 6.03%

Ashok Leyland Finance Ltd has posted a net profit of Rs 63.30 million for the quarter ended June 30, 2001 as against Rs 59.70 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 657.80 million as against Rs 585.80 million for the quarter ended June 30, 2000.

EIH Ltd Q1 net down by 27.50%

EIH Ltd has posted a net profit of Rs 110.20 million for the quarter ended June 30, 2001 as against Rs 152 million for the same period last fiscal. Net Sales/Income from Operations for the quarter ended June 30, 2001 is lower at Rs 1003.70 million as against Rs 1065.50 million for the quarter ended June 30, 2000. Other Income is at Rs 89.50 million in JQ 2001 as against Rs 77.90 million in JQ 2000.

Aban Loyd Chiles Board approves merger of Hitech Drilling Services

The Board of Directors of Aban Loyd Chiles Offshore Ltd at its meeting held today (July 25, 2001) has approved the merger of Hitech Drilling Services India Ltd with the Company. The swap ratio has been fixed, subject to necessary approvals, as follows: a) For every 5 fully paid up equity shares of Rs 10 each of Hitech Drilling Services India Ltd, 2 fully paid equity shares of Rs 10 each of Aban Loyd Chiles Offshore Ltd will be allotted. b) For every 5 equity shares of face value of Rs 10 each on which Rs 5 per share paid up (Partly paid) of Hitech Drilling Services India Ltd, 2 equity shares of face value of Rs 10 each on which Rs 5 per share paid up (partly paid) of Aban Loyd Chiles Offshore will be allotted. The Board of Directors of Hitech Drilling Services India Ltd, at its meeting held today (July 25, 2001) too has approved the merger with Aban Loyd Chiles Offshore Ltd, with the swap ratio as above.

Ponni Sugars Chairman Mr S.Viswanathan expires

Ponni Sugars and Chemicals Ltd has informed the BSE that Mr S Viswanathan, Chairman of the Board of Directors of the Company expired on July 22 2001.

Hindustan Inks Q1 net up by 102.80%

Hindustan Inks & Resins Ltd has posted a net profit of Rs 151.90 million for the quarter ended June 30, 2001 as against Rs 74.90 million for the same period last year. Total Income for the quarter ended June 30, 2001 is at Rs 1397.10 million as against Rs 621.40 million for the quarter ended June 30, 2000. The Company is setting up a 100% Export Oriented Unit with unique single stream plant for seamless manufacture of 100000 MT of Inks and 30000 MT of Flushed Pigments per annum and a captive power generation facility. The Company is also expanding its resins manufacturing capacity by 25000 MT per annum at its existing Vapi plant. Significant Improvement in PBDIT during the current quarter has been attributed mainly to better capacity utilisation of vertically integrated plants and enhanced control over costs.

Clariant (India)'s Q1 net profit rises 23.65% to Rs 50.20 million

Clariant (India) Ltd has reported a net profit of Rs 50.20 million for the quarter ended June 30, 2001 as against Rs 40.60 million for the quarter ended June 30, 2000. Net Sales has grown by 12.57%, from Rs 648.10 million for the quarter ended June 30, 2000 to Rs 729.60 million for the quarter ended June 30, 2001. Other Income stood at Rs 14.80 million in JQ 2001 as against Rs 11.90 million in JQ 2000.

Sriven Multi-Tech denies press reports on the alleged UTI investments in the Company

With respect to reports appearing in certain section of the press that the promoters of Sriven had sold 10% of their stake in the Company during May 2000 to some brokers, Sriven Multi-Tech Ltd in a communication issued to the BSE, has stated that the reports are not true. The Company has further stated that the promoters of the Company have not sold any stake during the financial year July 99 to June 2000. Further, the Company records indicate that UTI Mutual Funds have never been an investor in the Company.

Sesa Goa Q1 net up by 149.43%

Sesa Goa Ltd has posted a net profit of Rs 81.51 million for the quarter ended June 30, 2001 as against Rs 32.68 million for the same period last year. Net Sales for the quarter ended June 30, 2001 is at Rs 546.64 million as against Rs 619.52 million for the quarter ended June 30, 2000. Other Income for the quarter ended June 30, 2001 is at Rs 13.53 million as against Rs 10.09 million in JQ 2000. Interest Expenditure has declined from Rs 18.18 million in JQ 2000 to Rs 7.09 million in JQ 2001. In pursuit of new wage settlement, the employees of the Company have resorted to a work stoppage adversely effecting the normal activities of the company for about three weeks during April/May 2001. Since July 9, 2001 the Company's Goan mine operations have been suspended because of continued work disruptions. All other units of the Company are operating normally.

Infotech Enterprises Q1 PAT up by 124.84%

Infotech Enterprises Ltd has posted a profit after tax (before extraordinary items) of Rs 69.70 million for the quarter ended June 30, 2001 as against Rs 31 million for the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 211.20 million as against Rs 106.90 million for the quarter ended June 30, 2000. Non-Recurring/Extraordinary expenses of Rs 31.30 million represent interest fully provided on OCDs, due to the decision by the investor during the current quarter not to opt for conversion into equity shares. The net profit for the current quarter after consideration of aforesaid extraordinary item comes to Rs 38.40 million as compared to Rs 31 million for the quarter ended June 30, 2000. The financial figures for the quarter ended June 30, 2001 are inclusive of its erstwhile subsidiary M/s Cartographic Sciences Ltd, since merged with InfoTech Enterprises Ltd. The figure for quarter ended June 30, 2000 does not include figures of M/s Cartographic Sciences Ltd.

Amara Raja Batteries Q1 net up by 42.30%

Amara Raja Batteries Ltd has posted a net profit of Rs 32.16 million for the quarter ended June 30, 2001 as against Rs 22.60 million for the corresponding period last year. Net Sales for the quarter ended June 30, 2001 is higher by 17.19%, at Rs 233.05 million as against Rs 198.85 million for the quarter ended June 30, 2000. Other Income is at Rs 25.10 million in JQ 2001 as compared to Rs 14.64 million in JQ 2000.

BSE suspends trading in securities of DSQ Software Ltd

The securities of DSQ Software Ltd will be suspended from trading at the BSE with effect from Monday July 30, 2001 until further notice. This action has been taken on account of non-compliance by the Company with various requirements of the Listing Agreement The Exchange had sent Show Cause Notice to the Company seeking reasons for non compliance with the provisions of the Listing Agreement.The Company failed to submit satisfactory reply to this Notice. Under the circumstances, the Exchange has decided to suspend trading in securities of the Company with effect from July 30, 2001 until further notice.

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