J B Chemicals Q1 net up by 21.19%

J B Chemicals & Pharmaceuticals Ltd has posted a net profit of Rs 69.93 million for the quarter ended June 30, 2001 as compared to Rs 57.70 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 579.83 million as compared to Rs 458.97 million in JQ 2000. The above results are not comparable with that of the previous year as they include the results of pharmaceutical divisions of Ifiunik Pharmaceuticals Ltd and Unique Pharmaceutical Laboratories Ltd pursuant to the approval of the scheme of Arrangement by the Hon'ble Court Bombay.

Berger Paints Q1 net down by 22.53%

Berger Paints India Ltd has posted a net profit of Rs 50.90 million in the quarter ended June 30, 2001 as compared to Rs 65.70 million in the corresponding period last year. Net Sales for the quarter ended June 30, 2001 is at Rs 1162 million as compared to Rs 1123.10 million in the quarter ended June 30, 2000. Other Income is at Rs 5.20 million in JQ-01 as against Rs 3.30 million in JQ-00.

Britannia Industries Q1 net profit up by 20%

Britannia Industries Ltd has posted a net profit of Rs 162 million for the quarter ended June 30, 2001 as compared to Rs 135 million for the corresponding period last fiscal. Net Sales are up by 5.81%, from Rs 3302 million to Rs 3494 million in the current quarter ended June 30, 2001 through higher sales of both bakery and dairy products. Interest Expenditure is higher at Rs 36 million in JQ-01 as compared to Rs 19 million in JQ-00. The net profit for the current quarter has been arrived after consideration of Exceptional items which comprises of proportionate VRS costs Rs 11 million (Rs 7 million in JQ-00). The net profit has increased mainly on account of higher sales, cost savings and productivity improvement.

Godfrey Phillips Q1 net down by 14.74%

Godfrey Phillips India Ltd has posted a net profit of Rs 96.60 million for the quarter ended June 30, 2001 as compared to Rs 113.30 million in the same period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 1155.10 million as compared to Rs 1224.30 million in the quarter ended June 30, 2000. Staff cost has increased from Rs 63.60 in JQ-00 to Rs 75.80 million in the current quarter ended June 30, 2001 after considering Rs 2.50 million towards compensation paid to employees under the Voluntary Retirement Scheme of the Company (Rs nil in JQ-00).

HCL Tech FY-01 results on August 6, 2001

A meeting of the Board of Directors of the HCL Technologies Ltd is scheduled to be held on August 06, 2001 to consider and approve the Audited Financial results of the Company for the year ended 30th June, 2001. The aforesaid meeting will also consider the recommendation of dividend to the shareholders for the year ended 30th June, 2001.

Dhanalakshmi Bank Q1 net down by 20.39%

Dhanalakshmi Bank Ltd has reported a fall in net profit from Rs 51.50 million in the quarter ended June 30, 2000 to Rs 41 million in the quarter ended June 30, 2001. Total Income is at Rs 561 million in JQ -01 as compared to Rs 514.40 million in the quarter ended June 30, 2000. The working results for the period ended June 30, 2001 have been arrived at after making provisions for Non Performing assets, Standard Assets, Income Tax, Depreciation on securities, Pension and other usual provisions on a pro-rata basis and accordingly the previous years figures have been recast. Payments to and provisions for employees for the quarter ended June 30, 2001 includes Rs 32.50 million written off towards Voluntary Retirement Scheme (VRS) expenditure.

Arvind Mills JQ-01 net loss at Rs 678.80 million

Arvind Mills Ltd has posted a net loss of Rs 678.80 million for the quarter ended June 30, 2001 as compared to a net loss of Rs 949.10 million in the same period last year. Net Sales/Income from Operations is higher at Rs 3304.80 million in JQ 2001 as compared to Rs 2812.60 million in JQ 2000. Other Income is at Rs 23 million in JQ 2001 as against Rs 10.60 million in JQ 2000. The Company has initiated the process of financial restructuring of its debts. In order to implement the Restructuring Proposal, the Company has filed petition with High Court of Gujarat U/s 391 of The Companies Act, 1956 for approval of the scheme of arrangement with creditors.

Tube Investments Q1 net down by 19.38%

Tube Investments of India Ltd has posted a net profit of Rs 65.30 million for the quarter ended June 30, 2001 as compared to Rs 81 million in the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 2405 million as compared to Rs 2765.70 million in the corresponding previous period. Interest expenditure is down from Rs 59.90 million in JQ-00 to Rs 48 million in JQ-01.

Tips Industries Q1 net loss at Rs 109.80 million

Tips Industries Ltd has posted a net loss of Rs 109.80 million for the quarter ended June 30, 2001 as compared to a net profit of Rs 30.40 million for the quarter ended June 30,2000. Net Sales is higher at Rs 309.70 million in JQ 2001 as compared to Rs 209 million in JQ 2000. Other Income is at Rs 2 million as compared to Rs 5.10 million in JQ 2000. Depreciation charge has increased from Rs 35.70 million to Rs 245.70 million in the current quarter ended June 30, 2001. During the quarter ended 30th June 2001 the company signed an exclusive 3 years licensing deal with the multi billion global music conglomerate Warner Electra Atlantic (WEA) to manufacture and market audio products of WEA through India and its neighboring countries. This deal with Warner has added International flavour to the existing repertoire of the Company and will definitely boost the turnover of the Company in the ensuing quarter periods. During the quarter Dashmesh International Ltd a 100% subsidiary company acquired the overseas distribution rights of film Yaadein on a commission basis.

Excel Industries Q1 net down by 50.82%

Excel Industries Ltd has posted a net profit of Rs 26.90 million for the quarter ended June 30, 2001 as against Rs 54.70 million in the quarter ended June 30, 2000. Net Sales is at Rs 1214.60 million in JQ-01 as against Rs 1081.40 million in JQ-00. Other Income for the quarter ended June 30, 2001 is at Rs 13.10 million in comparison with Rs 17.50 million in the quarter ended June 30, 2000.

Godrej Industries Q1 net profit at Rs 111.80 million

Godrej Industries Ltd has reported a net profit of Rs 111.80 million for the quarter ended June 30, 2001 as compared to Rs 144 million in the same period last year. Total Income for the quarter ended June 30, 2001 is at Rs 969.80 million as against Rs 1777.50 million for the quarter ended June 30, 2000. Effective April 1, 2001 the Consumer Products business of Godrej Soaps Ltd (GSL) has been demerged into Godrej Consumer Products Limited (GCPL). Effective April 2, 2001 GSL has been renamed as Godrej Industries Limited. Figures for the quarter ended on June 30, 2000 and previous year ended on March 31, 2001 are inclusive of Consumer Products Business, whereas the figures for the quarter ended on June 30, 2001 do not include them. Therefore the figures of previous quarter are not comparable.

Container Corporation Q1 net up by 53.82%

Container Corporation of India Ltd has posted a net profit of Rs 668.20 million for the quarter ended June 30, 2001 as against Rs 434.40 million in the same period last year. Income from operations is higher at Rs 2965.50 million in JQ-01 as against Rs 2390.40 million in JQ-00. Other Income is at Rs 97.90 million in the quarter ended June 30, 2001 as compared to Rs 70.30 million in the quarter ended June 30, 2000. The Company has reported that a higher rate of growth in net profit during JQ-01 mainly on account of a provision of Rs 137.80 million towards revised freight payable to Railways made during the corresponding quarter of last year.

DSQ Biotech posts Rs 156.70 million as net loss in JQ-01

DSQ Biotech Ltd has posted a net loss of Rs 156.70 million in the quarter ended June 30, 2001 as compared to a net profit of Rs 80.20 million in the quarter ended June 30, 2000. Net Sales & Income from Operations is down by 37.33%, from Rs 276.20 million in JQ 2000 to Rs 173.10 million in JQ 2001. Despite a fall in sales, raw materials consumption has increased from Rs 134.70 million in JQ-00 to Rs 304.30 million in JQ-01.

Engineers India Q1 net down by 30.79%

Engineers India Ltd has posted a net profit of Rs 186.50 million for the quarter ended June 30, 2001 as against Rs 269.50 million in the quarter ended June 30, 2000. Net Sales/Income from operations is higher at Rs 2222.70 million in JQ-01 as compared to Rs 2000 million in JQ-00. Other Income is at Rs 132.30 million in the quarter ended June 30, 2001 as compared to Rs 150 million in the quarter ended June 30, 2000. The Company has reported that it has investment in US-64 of Unit Trust of India and has no immediate plans to dispose it off. Provision for tax for the current period is at Rs 103.50 million (Rs 160 million in JQ-00).

Adani Exports Q1 net down by 11.51%

Adani Exports Ltd has posted a net profit of Rs 245.20 million for the quarter ended June 30, 2001 as against Rs 277.10 million in the corresponding period last fiscal. Net Sales/Income from Operations has declined marginally from Rs 6315.60 million in the quarter ended June 30, 2000 to Rs 6142.80 million in the current quarter ended June 30, 2001. Other Income is at Rs 70.80 million in JQ 2001 as against Rs 89.60 million in JQ 2000

Jindal Strips Q1 net down by 33.48%

Jindal Strips Ltd has posted a net profit of Rs 102 million for the quarter ended June 30, 2001 as compared to Rs 154.70 million in the same quarter last year. Total Income for the quarter ended June 30, 2001 is lower at Rs 2658.40 million as against Rs 3037.20 million in the quarter ended June 30, 2000. The Company has reported that that the sales during the current quarter ended June 30, 2001 have been lower on account of lower exports (Rs 235.10 million as against Rs 759.40 million in JQ-00) and continued suspension of Vizag operations (Ferro Chrome division). Management expects improved performance from the second half of the year with the commissioning of Cold Rolling capacity of 60,000 MT and increased focus on speciality grade Stainless Steel products.

IndusInd Bank Q1 net falls by 66.65% to Rs 113.70 million

IndusInd Bank Ltd has reported a net profit of Rs 113.70 million for the quarter ended June 30, 2001 as against Rs 340.90 million in the same period last year. Total Income is at Rs 2000.6 million in JQ 2001 as against Rs 2138.40 million in JQ 2000. The working results for the period ended June 30, 2001 has been arrived at after considering provisions for income tax, depreciation on investments and NPAs on pro-rata basis.

Nirma Q1 net down by 13.27%

Nirma Ltd has posted a net profit of Rs 586.30 million in the quarter ended June 30, 2000 as against Rs 676 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 5405.60 million as against Rs 5549.30 million in JQ 2000.

Bajaj Auto Q1 PAT up by 3.82%

Bajaj Auto Ltd has posted a profit after tax of Rs 1207.70 million for the quarter ended June 30, 2001 as compared to Rs 1163.20 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 9156.20 million as compared to Rs 8803.60 million in JQ 2000. The company has adjusted Rs 18.20 million towards expenses for earlier years after which the net profit stands at Rs 1188.50 million as compared to Rs 11490 in the corresponding period last fiscal. Due to general economic slowdown, onset of monsoon and shift in customer preferences, the company plant at Akrudi Pune that predominantly manufacturers geared scooters has started a 5-day week working from July 13, 2001.

ONGC Q1 net profit up by 57.43%

Oil and Natural Gas Corporation Ltd has reported a profit of Rs 14766.10 million for the quarter ended June 30, 2001 as against Rs 9379.60 million in the same period last year. Net Sales is marginally higher at Rs 55613.80 million in the quarter ended June 30, 2001 as against Rs 54760.50 million in the quarter ended June 30, 2000. Other Income is higher by 19.56%, from Rs 2192.40 million in JQ 2000 to Rs 2621.20 million in the quarter ended June 30, 2000 to Rs 2621.20 million in the current quarter. Interest Expenditure is down by 51.69%, at Rs 612.40 million in JQ 2001 as against Rs 1267.90 million in JQ 2000. Provision for taxation has however, increased from Rs 7750 million to Rs 8208.50 million in the current quarter ended June 30, 2001. There has been a significant fall in staff expenditure from Rs 4165.40 million to Rs 2206.50 million in the current quarter.

Sundram Fasteners Q1 net profit down by 12.12%

Sundram Fasteners Ltd has posted a fall in Q1 net profit from Rs 95.70 million in the quarter ended June 30, 2000 to Rs 84.10 million in the current quarter ended June 30, 2001. Total Income is at Rs 954.80 million in JQ 2001 as against Rs 984.50 million in JQ 2000. Export Sales of the Company during the current quarter ended June 30, 2001 is higher at Rs 200.20 million compared to Rs 181.80 million, an increase of over 10% in spite of difficult global market conditions. Exports have maintained its overall profitability. During the current period, the Company has incurred Rs 3.60 million towards extra-ordinary expenditure in respect of early retirement scheme. During the current period, Bureau Veritas Quality International, UK, has certified the Company's Unit at Krishnapuram for meeting the environmental standards under ISO 14001.

Maars Software Q2 net down by 25.78%

Maars Software International Ltd has posted a net profit of Rs 31.69 million for the quarter ended June 30, 2001 as compared to Rs 42.70 million for the quarter ended June 30, 2000. Net Sales for the quarter ended June 30, 2001 is at Rs 180.29 million as against Rs 215.53 million for the quarter ended June 30, 2000. Other Income is at Rs 1.78 million in JQ 2001 as against Rs 1.25 million in JQ 2000.

RPG Life Sciences to sell Agrochemicals division to ISAGRO

In a communication issued to BSE, RPG Life Sciences Ltd has informed that the Board of Directors at their meeting held on July 27, 2001 has decided to sell the Agrochemicals division of the Company on a going concern basis to ISAGRO S.p.A of Italy. This sale, amongst others, is subject to permission of shareholders of the Company, lenders and other necessary approvals. The completion of this transaction and the final determination of the sale consideration are likely to take place in the last quarter of year 2001. ISAGRO is a major Italian company entirely focussed in the business of agrochemicals and operating in 60 countries.

IDBI Bank Board approves grant of stock options

IDBI Bank Ltd has informed BSE that the Board of Directors at its meeting held on July 24, 2001 has approved the grant of 24,89,250 Stock Options to eligible employees of the Bank, convertible into 24,89,250 equity shares of Rs 10 each, recommended by the Remuneration Committee. Exercise price of these options is Rs 24.77 per option.

DSQ Biotech to call EGM to consider name change

DSQ Biotech Ltd has informed BSE that the Extraordinary General Meeting of the Company will be scheduled for August 25, 2001 to consider the change in the name of the Company to Origin AgroStar Ltd

D-Link (India)'s Q1 net up by 1.99%

D-Link (India) Ltd has posted a net profit of Rs 51.22 million for the quarter ended June 30, 2001 as against Rs 50.22 million for the same period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 386.16 million as against Rs 367.24 million in the quarter ended June 30, 2000.

CMC Q1 net rises 33.43% to Rs 30.78 million

CMC Ltd has posted a net profit of Rs 30.78 million for the quarter ended June 30, 2001 as against Rs 23.07 million for the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 903.06 million as against Rs 703.46 million for the quarter ended June 30, 2000. Interest Expenditure has risen from Rs 6.32 million in JQ 2000 to Rs 7.70 million in the current quarter while Depreciation charge has increased from Rs 13.09 million to Rs 16.69 million in the current quarter ended June 30, 2000. The Company has made higher provision for tax Rs 19.20 million in the current quarter as against Rs 2.50 million in the quarter ended June 30, 2000. Provision for taxation for the current quarter includes deferred taxation.

Nestle India announces change in management structure

Nestle India Ltd has informed the BSE that the Board of Directors of the Company at its meeting held on July 27, 2001 has effected the following changes: 1.Mr B M Khaitan Non Executive Director shall cease to be a Director of the Company with effect from 1st October 2001 consequent upon his resignation from that date 2. Mr Rajendra S Pawar has been appointed as a Non Executive Director of the Company in place of Mr B M Khaitan with effect from 1st October 2001. Mr Rajendra S Pawar Chairman and Managing Director NIIT Ltd is a leading and well known personality in the field of Information Technology. His appointment as a Director of the Company would be of immense benefit to the Company and would add a valuable perspective to the Board of Directors.

BSE imposes AVM on 13 scrips

BSE has informed the members of the exchange that Additional volatility Margin (AVM) has been imposed on the following scrips for the settlement No. 019/2001-2002 commencing on July 30, 2001. The AVM would be computed on the net outstanding Purchase or Sales position as may be applicable including carryforward positions at the end of day at the rate given below. The rate of AVM would remain unchanged for the entire settlement. CODE NAME OF THE COMPANY GROUP AVM(%) 32351 Aksh Optifibre Ltd. B1 10.00 31632 Avinash Information Technologies Ltd. B2 10.00 32385 Aztec Software and Technolgy Services Ltd. B1 10.00 6285 Bayer (India) Ltd B1 10.00 26785 Crest Communications Ltd. B1 10.00 26624 Elbee Services Ltd. B1 10.00 24330 Jayant Agro-Organics Limited. B1 10.00 23411 Krone Communications Ltd B1 10.00 32337 Mascot Systems Ltd. B1 15.00 26117 Shervani Industrial syndicate Ltd B2 10.00 31121 Sierra Optima Ltd B1 10.00 12299 Sterling Biotech Ltd. B1 15.00 32375 Tips Industries Ltd. B1 10.00

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