Moser Baer Q1 net up by 47.61%

Moser Baer India Ltd has posted a net profit of Rs 453.82 million for the quarter ended June 30, 2001 as compared to Rs 307.44 million for the quarter ended June 30, 2000. Total Income for the quarter ended has increased from Rs 715.59 million in JQ 2000 to Rs 1461.38 million in the quarter ended June 30, 2001. The company attributes continued high growth in revenues and earnings to the booming growth in optical media products worldwide. The global optical media market conditions to outperform expectations and is expected to grow at a CAGR of 50% till 2003 and Moser Baer's optical media business contributed more than 70% to the company's earnings this quarter. Also during this quarter the company was able to introduce more cutting edge products such as 24* CDRs 80 mm CDRs and the business card CDR that were developed in-house. Commenting at the conclusion of the Board meeting convened to address the 1st Quarter results, Managing Director, Deepak Puri said, " The last three months have witnessed high growth in our optical media business, and has matched expectations. We are confident that the strong 1st quarter performance heralds another good year for the Company."

Aptech Q2 net down by 94.08%

Aptech Ltd has posted a net profit of Rs 21.97 million for the quarter ended June 30, 2001 as against Rs 371.24 million in the same period last year. Total Income has declined Rs 1381.79 million in the quarter ended June 30, 2000 to Rs 798.034 million in the quarter ended June 30, 2001. Employment Expenditure has increased from Rs 73.27 million in JQ 2000 to Rs 100.84 million in JQ 2001. Subject to necessary approvals, the Board of Directors of the Company has approved in principle, a composite scheme of arrangement or Reconstruction in respect of the transfer and demerger of the Training Division of the Company to Aptech Training Limited (presently a wholly owned subsidiary) end the merger or amalgamation of Hexaware Technologies Limited (HTL) with the company with effect from 1st April 2001. Pending the completion of the transfer and demerger of the Training Division and the merger or amalgamation of HTL with the Company, the results of the current quarter includes the income and expenditure of the Training Division and do not include the income and expenditure of HTL.

Shyam Telecom Q1 net up by 66.16%

Shyam Telecom Ltd has posted a net profit of Rs 30.14 million for the quarter ended June 30, 2001 as compared to Rs 18.14 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 514.02 million as compared to Rs 199.57 million in the quarter ended June 30, 2000. The provision for income tax will be made at the end of the accounting year.

Tata Power Q1 net up by 4.66%

Tata Power Company Ltd has posted a net profit of Rs 865.70 million for the quarter ended June 30, 2001 as compared to Rs 827.10 million in the quarter ended June 30, 2000. Total Income has increased from Rs 9151.30 million in JQ 2000 to Rs 9856.10 million in the quarter ended June 30, 2001. The quarterly results are not representative of the results of the whole year.

Shree Rama Multi-Tech Q3 net down by 11.90%

Shree Rama Multi-Tech Ltd has posted a net profit of Rs 101.40 million for the quarter ended June 30, 2001 as compared to Rs 115.10 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 567.80 million as compared to Rs 508.70 million for JQ 2000. Net profit during the quarter is lower as compared to the same quarter of the previous year due to higher interest cost and depreciation.

United Breweries Q1 net down by 65.28%

United Breweries Ltd has posted a net profit of Rs 16.70 million for the quarter ended June 30, 2001 as co compared to Rs 48.10 million in the quarter ended June 30, 2000. Net Sales are higher by 10.81%, from Rs 992.80 million in JQ 2000 to Rs 1100.10 million in JQ 2001. Other Income is at Rs 72.90 million in the quarter ended June 30, 2001 as compared to Rs 107.10 million in the quarter ended June 30, 2000. Interest and Lease Rentals (net) has increased from Rs 98.40 million in JQ 2000 to Rs 151.20 million in JQ 2001.

GAIL Q1 net up by 13.71%

Gas Authority of India Ltd has posted a net profit of Rs 3177.40 million for the quarter ended June 30, 2001 as compared to Rs 2794.10 million for the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 26059.4 million as compared to Rs 24300.60 million in the quarter ended June 30, 2000.

Sun Pharma Q1 net up by 33.67%

Sun Pharmaceutical Industries Ltd has posted a net profit of Rs 415.20 million for the quarter ended June 30, 2001 as compared to Rs 310.60 million for the quarter ended June 30, 2000. Total Sales have increased from Rs 1326.60 million in JQ 2000 to Rs 1672.70 million in the quarter ended June 30, 2001. Other income for the quarter ended June 30, 2001 is at Rs 9.70 million as against Rs 4.90 million in JQ 2000. The figures of both Sun Pharmaceutical Exports & Sun Pharmaceutical Advanced Research Center Ltd have been consolidated with the above results and hence the results are strictly not comparable with the corresponding quarter of previous year.

Creative Eye Q1 net down by 78.01%

Creative Eye Ltd has posted a net profit of Rs 3.10 million for the quarter ended June 30, 2001 as compared to Rs 14.10 million for the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 36.90 million as against Rs 178 million in the quarter ended June 30, 2000. The Company has reported that the fall in Net Sales and Total Expenditure is due to shift of few major programmes in this quarter from Doordarshan to Satellite Channels.

Indian Rayon Q1 net profit at Rs 99.10 million

Indian Rayon & Industries Ltd has posted a net profit of Rs 99.10 million for the quarter ended June 30, 2001 as compared to Rs 98.30 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 3495.20 million as compared to Rs 3285.20 million in JQ 2000. The company has provided Rs 53.70 million towards provision of deferred tax for the quarter ended June 30, 2001.

Rolta Q2 net up by 40.40%

Rolta India Ltd has announced its results for the second quarter ended June 30, 2001 wherein the total Income for the quarter ended June 30, 2001 was Rs 770.10 million reflecting a significant growth of 30.50% over the Total Income of Rs 590.20 million during the corresponding period of previous year. The net profit after depreciation was Rs 302.30 million signifying a growth of 40.40% over the net profit of Rs 215.30 million during the second quarter of the last year. The Company's approach of providing full spectrum of value added IT solutions & services for specific markets i.e. Geo-spatial Technology AM/FM & GIS; Plant design Automation, Mechanical Design Automation/Collaborative product Commerce and eBusiness solutions & Internet infrastructure services has enabled the company to achieve healthy growth - Business Worlds, April 2001 edition, ranked the Company 14th amongst the 25 fastest growing companies in India. To continue its aggressive growth, the company is expanding its operations & has already set up on more subsidiary in Europe, in Germany. In pursuit of excellence in its operations, the company constantly reviews and improves its quality standards and certifications. Rolta's quality systems that have been ISO 9001 certified since 1995, were recently re-certified to the latest ISO 9001:2000 certification, which covers all its operations in CAS, CAM, GIS, internet and e-services.

Kodak India Q2 net down by 75.36%

Kodak India Ltd has posted a net profit of Rs 25.30 million for the quarter ended June 30, 2001 as against Rs 102.70 million in the quarter ended June 30, 2000. Net Sales has increased from Rs 1779 million in JQ2000 to Rs 2016.60 million in JQ 2001. Other Income is at Rs 4.30 million in the quarter ended June 30, 2001 as compared to Rs 12.70 million in the quarter ended June 30, 2000. Interest Expenditure and Depreciation have declined from Rs 8.40 million and Rs 33.10 million in the quarter ended June 30, 2000 to Rs 3.90 million and Rs 21.50 million in the current quarter respectively. The Company has reported that in line with the trends indicated in the previous two quarters, profit margins continue to be under pressure. This is mainly due to product mix, exchange fluctuations and being unable to neutralise the impact of these factors due to market conditions.

Videocon International Q1 net up by 1.60%

Videocon International Ltd has posted a net profit of Rs 335.70 million for the quarter ended June 30, 2001 as compared to Rs 330.40 million in the same period last year. Total Income for the quarter ended June 30, 2001 is at Rs 7526.10 million as compared to Rs 7429.70 million in the quarter ended June 30, 2000. The Board of Directors of the Company has recommended a Dividend of Re 1 per share for consideration and declaration by the members in the ensuing Annual General Meeting.

Sterlite Industries FY-01 net up by 21.69%

Sterlite Industries (India) Ltd has posted a net profit of Rs 1279.10 million for the year ended June 30, 2001 as against Rs 1051.10 million in the year ended June 30, 2000. Net Sales/Income from Operations is 39.63% higher at Rs 28904.60 million in the year ended June 30, 2001 as compared to Rs 20700.40 million in the previous year. Other Income is at Rs 281 million in FY-01 as compared to Rs 327.60 million in FY-00. During the year, the Company has acquired controlling stake in Bharat Aluminium Company Ltd (BALCO) for a consideration of Rs 5515 million. Consequently, BALCO has become a 51% subsidiary of the Company. The Board of Directors of the Company has recommended Equity Dividend of 110% (Rs 5.50) per share on face value of Rs 5 each. Pursuant to the Scheme of Arrangement, the telecommunication business of the Company has been demerged into a separate Company-Sterlite Optical Technologies Ltd (SOTL) with effect from July 1, 2000. The previous year figures comprise the post demerger figures.

IDBI Q1 net down by 18.65%

Industrial Development Bank of India has posted a net profit of Rs 1819 million for the quarter ended June 30, 2001 as against Rs 2236 million in the same period last year. Income from Operations is higher at Rs 21575 million as compared to Rs 20665 million in the quarter ended June 30, 2000. Other Income is at Rs 443 million as against Rs 275 million in the quarter ended June 30, 2000. The Company has provided Rs 2640 million in the current quarter towards Bad & Doubtful Debts/Investments written off (Rs 800 million in JQ-00). Staff Cost has increased from Rs 179 million in JQ 2000 to Rs 420 million in JQ 2001. The increase in staff cost during the quarter ended June 2001 is mainly because of payment of remaining part of the arrears due to upward revision in salary with effect from November 1997.

MM Forgings Q1 net up by 11.10%

MM Forgings Ltd has posted a net profit of Rs 15.53 million for the quarter ended June 30, 2001 as compared to Rs 13.97 million in the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is at Rs 172.97 million as against Rs 169.37 million in the quarter ended June 30, 2000. Interest Expenditure has declined from Rs 6.83 million in JQ-00 to Rs 3.11 million in JQ-01.

Mahindra Ugine Steel posts Rs 22.71 million as net loss in Q1

Mahindra Ugine Steel Company Ltd has posted a net loss of Rs 22.71 million in the quarter ended June 30, 2001 as compared to a net loss of Rs 72.42 million in the corresponding period last fiscal. Total Income is at Rs 462.08 million in JQ-01 as against Rs 430.77 million in JQ-00.

Hoechst Marion announces Interim Dividend of Rs 2.50 per share

Hoechst Marion Roussel Ltd has informed BSE that the Board of Directors of the Company has declared an Interim Dividend of Rs 2.50 per share of Rs 10 each for the financial year ending December 31, 2001. The Interim Dividend will be paid to those members whose names appear on the Register of Members on August 14, 2001, being the Record Date fixed for this purpose.

HCL Infosystems FY-01 results on August 20, 2001

A meeting of the Board of Directors of HCL Infosystems Ltd has been convened on August 20, 2001 to consider the audited financial results for the year ended June 30, 2001.

N A Palkhivala ceases to be Director of ACC

Associated Cement Companies Ltd has informed BSE that Mr N A Palkhivala has ceased to be a Director of the company for the close of the Annual General Meeting held on July 12, 2001.

Wockhardt Ltd Q2 net up by 70.68%

Wockhardt Ltd has reported a net profit of Rs 227 million for the quarter ended June 30, 2001 as compared to Rs 133 million in the corresponding previous period. Total Income for the quarter ended June 30, 2001 is at Rs 1700 million as against Rs 1538 million in the quarter ended June 30, 2000. Interest Expenditure has declined from Rs 71 million in JQ-00 to Rs 42 million in JQ-01.

Hoechst Marion JQ-01 net up by 58.44%

Hoechst Marion Roussel Ltd has posted a net profit of Rs 122 million for the quarter ended June 30, 2001 as compared to Rs 77 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 1225 million as compared to Rs 1215 million in the quarter ended June 30, 2000.

Titan Industries posts Rs 146.10 million as net loss in Q1

Titan Industries Ltd has posted a net loss of Rs 146.10 million for the quarter ended June 30, 2001 as compared to a net profit of Rs 1.30 million in the quarter ended June 30, 2000. Net Sales have declined from Rs 1013.20 million in the quarter ended June 30, 2000 to Rs 881.90 million in the quarter ended June 30, 2001. Other Income is at Rs 5.30 million in JQ-01 as compared to Rs 99.40 million in JQ-00. The first quarter results in the previous year included profit on sale of shares amounting to Rs 96.60 million. The Company has reported that despite an increase in market share, watch sales have declined due to trade downstocking and macro-economic conditions. Jewellery sales have recorded continuing growth.

Saw Pipes Q4 net down by 34.36%, FY-01 net up by 162.96%

Saw Pipes Ltd has posted a net profit of Rs 38.23 million for the quarter ended June 30, 2001 as compared to Rs 58.25 million in the corresponding period last year. Total Income for the quarter ended June 30, 2001 is at Rs 556.69 million as compared to Rs 1331.49 million in the quarter ended June 30, 2000. Net Profit for the year ended June 30, 2001 is at Rs 310.84 million as compared to Rs 118.21 million in the previous year. Total Income for the year ended June 30, 2001 is at Rs 3664.66 million as compared to Rs 2933.09 million in the year ended June 30, 2000.

Reliance Petro Q1 net up by 52%

Reliance Petroleum Ltd has posted a net profit of Rs 4560 million for the quarter ended June 30, 2001 as compared to Rs 3000 million in the corresponding period last fiscal. Net Sales have increased from Rs 59830 million in JQ 00 to Rs 88650 million in the quarter ended June 30, 2001. Other income for the quarter ended June 30, 2001 is at Rs 240 million as compared to Rs 130 million in JQ 2000.

Dena Bank posts Rs 20.50 million as net loss in Q1

Dena Bank has posted a net loss of Rs 20.50 million for the quarter ended June 30, 2001 as compared to a net profit of Rs 221.90 million in the quarter ended June 30, 2000. Total Income for the quarter ended June 30, 2001 is lower at Rs 4821 million as compared to Rs 5039.60 million in the quarter ended June 30, 2000. The Bank has made higher provisions to the extent of Rs 428.60 million in the current quarter ended June 30, 2001 as against Rs 395.20 million in the quarter ended June 30, 2000.

BSE revises Special Margin on 52 scrips

BSE has informed the members of the exchange that the following scrips will attract Special Margins as indicated hereunder with effect from July 30, 2001. The rates of Special Margins have been revised keeping in view the closing price of the scrip on the last day of the settlement. Members are also informed that special margins will be imposed either on the net outstanding purchase or net outstanding sales positions as indicated below : CODE NAME GROUP SP.MGR(Pur %) SP.MGR (Sale %) 6817 ABBOT LABS B1 0 25 512599 ADANI EXPORTS A 25 32335 AMBICA AGARBATT B1 25 7525 AMRIT BANASPATI B2 25 32382 BALAJI TELEFILM B1 25 32377 BATHINA TECHNOL B1 25 6285 BAYER INDIA B1 25 24170 DSQ BIOTECH B2 50 523864 DSQ SOFTWARE A 25 26624 ELBEE SERVICES B1 25 8906 ETERNIT EVEREST B1 25 31939 GENIUS COMM TRA B2 25 9079 GUFIC BIO SCIEN B2 25 31984 GUJARAT FISCON B2 25 523477 GUJARAT GAS A 50 193 HOTEL LEELA B1 25 530005 INDIA CEMENTS A 25 32175 INOTECH ENTERPR B1 25 500888 JAIPRAKASH INDS A 25 24330 JAYANT AGRO B1 25 31892 KHANDWALA SECUR B1 25 532148 KOLAR INFOTECH B1 25 23411 KRONE COMMUNICA B1 25 500260 MADRAS CEMENTS A 25 32337 MASCOT SYSTEL B1 0 25 12267 MEDIA MATRIX B2 25 32127 MOBILE TELE B2 25 6954 MOTORALA SPEC B2 25 32350 PADMALAYA TELE B1 25 32387 PRITISH NANDY B1 25 7300 RAVALGAON B1 25 24632 RELISH PHARMA B2 25 23049 RINKI PETROCHEM B2 25 26089 ROOFIT INDUSTRY B1 50 13583 S B T INTERNAT B1 25 32118 SAI INFO SERVIC B2 25 26521 SANGHI INDUSTRI B2 25 31121 SIERRA OPTIMA B1 0 25 32274 SOFFIA SOFTWARE B2 25 8976 SPANCO TELESYST B2 25 12299 STERLING BIOTEC B1 25 12640 STOCK NET INTER B1 25 34348 SUBEX SYSTEM B1 0 25 32211 SUN EARTH CERA B1 50 532359 SUNBEAM INFOWAY B2 25 31945 SUNITEE CHEM B2 25 31637 SWORD & SHIELD B2 25 26506 SYSTAMATIX C B2 25 31830 TODAY'S WRITING B2 25 31554 TOP CASSETTES B1 25 31717 VIDHI DYESTUFFS B2 25 32411 VISESH INFOSYST B1 25

Zenith Infotech Board approves buy back proposal

Zenith Infotech Ltd has informed BSE that the Board of Directors of the company has approved the proposal for buy back of shares and Special Resolution in respect thereof.

Jammu & Kashmir Bank Q1 net up by 50.05%

Jammu & Kashmir Bank Ltd has posted a net profit of Rs 556.10 million for the quarter ended June 30, 2001 as against Rs 370.60 million in the quarter ended June 30, 2000. Total Income has increased from Rs 2803.20 million in JQ-00 to Rs 3751.10 million in JQ-01. Provision and Contingencies made by the Bank has increased from Rs 129.50 million in JQ-00 to Rs 228.40 million in JQ-01.

BSES Q1 net up by 15.35%

BSES Ltd has posted a net profit of Rs 996.40 million for the quarter ended June 30, 2001 as compared to Rs 863.80 million in the same period last year. Net Sales- Sales of Electrical Energy has risen from Rs 5442.50 million in the quarter ended June 30, 2000 to Rs 5792.50 million in the current quarter ended June 30, 2001. Income from EPC, Contracts and Computer Divisions stands at Rs 747.40 million in JQ-01 as against Rs 436.30 million in the quarter ended June 30, 2000. Other Income is at Rs 175.80 million in JQ 2001 as against Rs 264.70 million in JQ 2000.

India Cements Q1 net up by 104.76%

India Cements Ltd has posted a net profit of Rs 116.10 million for the quarter ended June 30, 2001 as compared to Rs 56.70 million in the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 3141 million as compared to Rs 3320.90 million in JQ 2000. Income Tax will be determined and provided for at the end of the year.

Indian Overseas Bank Q1 net up by 10.98%

Indian Overseas Bank has posted a net profit of Rs 600.38 million for the quarter ended June 30, 2001 as compared to Rs 540.95 million for the corresponding period last fiscal. Total Income for the quarter ended June 30, 2001 is at Rs 8161.40 million as compared to Rs 7143.08 million for the quarter ended June 30, 2000. The working results for the quarter ended June 30, 2001 have been arrived at after considering VRS expenses to the extent of Rs 262.50 million which has been proportionately charged to P & L A/c. and provisions for NPAs on an estimated basis and is subject to adjustment at the year end. The Company has provided Rs 159.75 million towards Provisions and Contingencies in the current quarter as compared to Rs 13.36 million in the quarter ended June 30, 2000.

Jindal Steel & Power to set up Rail & Universal Beam Mill Project at Raigarh

Jindal Steel & Power Ltd has informed BSE that the Board of Directors of the company has decided to set up Rail and Universal Beam Mill Project with a production capacity of 5,50,000 TPA at its existing plant at Raigarh in the state of Chhattisgarh at an estimated cost of Rs.4000 million.

LKP Merchant Board approves proposal to transfer Money Changing business to its subsidiary

LKP Merchant Financing Ltd has informed BSE that the Board of Directors of the company has approved a proposal to transfer of the Money Changing business to an existing wholly owned subsidiary company. This is with the intention of giving undivided focus to this business as well as to offer more value added services so as to have an independent value of this business.

Zenith Computers Board approves buy-back proposal

Zenith Computers Ltd has informed BSE that the Board of Directors of the company has approved the proposal for buy back of shares and Special Resolution in respect thereof.

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