Reliance Capital Q3 net at Rs 223.90 million

Reliance Capital Ltd has posted a net profit of Rs 223.90 million as compared to Rs 205.80 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 1215.20 million as compared to Rs 1104.80 million in DQ 99. The provision of taxation as applicable will be made at the end of the year.

Gujarat Ambuja Cement Q2 net profit down 40.42%

Gujarat Ambuja Cements Ltd has posted a net profit of Rs 325.50 million for the quarter ended December 31, 2000 as compared to Rs 546.40 million for the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 3003.10 million as compared to Rs 2872.70 million in DQ 99. Cement prices during the quarter were low in most of the markets and the cost of major inputs especially power and fuel were very high during the quarter. Due to such pressures the profit of the quarter is lower as compared to the corresponding quarter of the previous year. The outlook of the company is expected to be substantially better on account of improved cement prices, lower cost of oil in international market and lower interest expense, which will improve the operating margins and net profit margins significantly.

Essel Packaging Q3 net up by 32.99%

Essel Packaging Ltd has posted a net profit of Rs 118.50 million in the quarter ended December 31, 2000 as compared to Rs 89.10 million in the same period last fiscal. Net Sales are up by 15.57%, at Rs 596 million in DQ 99 to Rs 515.70 million in DQ 2000. Other Income for the quarter ended December 31, 2000 is at Rs 11.30 million as compared to Rs 2.60 million in the quarter ended December 31, 99. The Company has reported that the second quarter was a very challenging period with polymer prices having gone up very rapidly despite that the Company has been able to improve its EBIDT in view of efficient cost management. The period also saw very creative and innovative products successfully introducted in the pharmaceutical and cosmetics segment.

Silverline Tech Q3 net profit up by 87.27%

Silverline Technologies Ltd has posted a net profit of Rs 350.29 million for the quarter ended December 31, 2000 as compared to Rs 187.05 million in the corresponding period last fiscal. Net sales for DQ 2000 are up by 46.43% at Rs 749.15 million as compared to Rs 511.58 million in the corresponding period last fiscal. Other income for the quarter ended December 2000 stood at Rs 80.03 million as against Rs 14.19 million in the corresponding period last fiscal. Other Income for DQ 2000 includes Exchange gain from operations of Rs 18.70 million (exchange gain during the corresponding quarter of the previous year of Rs 8.03 million) due to fluctuations in exchange rates.

Bombay Dyeing Q3 net loss at Rs 117.10 million

Bombay Dyeing and Manufacturing Company Ltd has posted a net loss of Rs 117.10 million in the quarter ended December 31, 2000 as compared to a net profit of Rs 78 million in the same period last fiscal. Net Sales are down by 10.42%, from Rs 2250.50 million in DQ 99 to Rs 2006.10 million in DQ 2000. Other Income for the quarter ended December 31, 2000 is at Rs 139.30 million as against Rs 237.50 million in the quarter ended December 31, 99. Other income for the quarter-ended December 31, 2000 includes Rs 33.60 million on account of sale of Fixed Assets. The figures for the quarter ended December 31, 2000 do not include the impact of the proposed merger w.e.f. October 31, 2000 of Scal Investment Ltd. The Company has stated that the profit before tax for the quarter ended 31st December 2000 of Scal Investments Ltd is Rs 43.10 million (includes Rs 42.70 million on account of profit on sale of Fixed Assets) which would have been included in the DQ 2000 results of the Company, if the merger formalities were to be completed. The merger awaits statutory clearance.

Punjab Tractors Q3 net profit up by 5.29%

Punjab Tractors Ltd has posted a net profit of Rs 358 million for the quarter ended December 31, 2000 as compared to Rs 340 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 2693 million as compared to Rs 2585 million in DQ 99. The company has improved its market share to 19% on a sale of 13,062 tractors for the third quarter. This improvement in market share extended not only to the emerging and growth markets in Bihar, Andhra Pradesh and Tamil Nadu where Swaraj has become a significant player but to the major northern/ central markets where there was noticeable decline in demand.

Telco Q3 loss higher by 101.19%

Tata Engineering and Locomotive Ltd has posted a net loss of Rs 1214.40 million for the quarter ended December 31, 2000 as compared to a net loss of Rs 603.60 million in the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is lower by 22.05% at Rs 15567 million as compared to Rs 19972.40 million in the corresponding period last fiscal. The continued slowdown in the economy coupled with the increase in fuel prices and sales tax rates, contributed to a drop in market demand for commercial vehicles and passenger cars in the country during the third quarter of the financial year. The proposal for a rights issue of convertible/non-convertible debentures or any other equity related instruments was deferred to the next board meeting.

MRF Q1 net down by 41.99%

MRF Ltd has posted a net profit of Rs 96.40 million for the quarter ended December ended 31, 2000 as compared to Rs 166.20 million for the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 4599.90 million as compared to Rs 4472.40 million in DQ 99.

Ingersoll-Rand Q3 net down by 64.81%

Ingersoll- Rand (India) Ltd has reported a net profit of Rs 48.60 million in the quarter ended December 31, 2000 as against Rs 138.10 million in the same quarter for the previous fiscal. Net Sales decreased to Rs 857.50 million in DQ 2000 from Rs 966.20 million in DQ 1999. Other Income stood at Rs 46.50 million in the quarter ended December 31, 2000 as compared to Rs 42.20 million in the quarter ended December 31, 1999. During the quarter, the Company has incurred an extraordinary expenditure of Rs 1.30 million towards Voluntary Retirement Compensation.

Cummins Q3 net up 21.71%

Cummins India Ltd has posted a net profit of Rs 257.40 million for the quarter ended December 31, 2000 as compared to Rs 211.49 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 2333.78 million as against Rs 2170.10 million in DQ 99. During the quarter ended December 31, 2000 the company has invested Rs 35/- million in the share capital of Cummins Power Solutions Ltd.(CSPL) is a wholly subsidiary of Cummins India Ltd. Effective January 15, 2001 Mr J L Deshmukh Managing Director has stepped down and Director of the company to pursue opportunities within Cummins Group Overseas.

Reliance Petro DQ 2000 net at Rs 4410 million

Reliance Petroleum Ltd has reported a net profit of Rs 4410 million in the quarter ended December 31, 2000. Net Sales for the quarter ended December 31, 2000 is at Rs 91490 million. Other Income for the quarter ended December 31, 2000 is at Rs 710 million. The Company has reported that the previous years figures have not been given as the company has commenced commercial production during this financial year

Asian Paints Q3 net up by 10.41%

Asian Paints Ltd has posted a net profit of Rs 256.60 million in the quarter ended December 31, 2000 as compared to Rs 232.40 million in the quarter ended December 31,99. Net Sales are up by 3.92%, from Rs 3018.20 million in DQ 99 to Rs 3136.40 million in DQ 2000. Other Income for the quarter ended December 31, 2000 is at Rs 53.80 million as against Rs 32.40 million in the same quarter last fiscal. In line with the revised mandatory Accouting Standard-2 the Company has revised the method of valuation of inventories for the year ended 31st March 2000. The financial results for the quarter ended 31st December 1999 were, however prior to the change in the method of valuation of inventories. Had the change been effected with effect from 1st April 1999, the profit before tax for the quarter ended 31st December 1999 would have been lower by Rs 15.30 million The Lock out which was declared at the Kasna Plant in UP with effect from August 07, 2000 has been lifted and the operations have been resumed with effect from December 12, 2000 after reaching satisfactory agreement with the workmen.

Reliance Inds Q3 net up by 21.05%

Reliance Industries Ltd has reported a net profit of Rs 7590 million in the quarter ended December 31, 2000 as against Rs 6270 million in the same quarter for the previous fiscal. Net Sales increased from Rs 43630 million in DQ 99 to Rs 58330 million in DQ 2000. Other Income stood at Rs 510 million in the quarter ended December 31, 2000 as compared to Rs 1480 million in the quarter ended December 31, 1999. The Company had revalued its Plant and machinery located at Patalganga and Nakoda during the financial year 1997-98.Consequent to the revaluation, there is an additional charge for depreciation of Rs 2010 million (US $ 43 million) for the period ended 31st December 2000 and an equivalent amount has been withdrawn from General Reserve. This has no impact on profit for the period.

GE Shipping Q3 net up by 123.33%

Great Eastern Shipping Co.Ltd has posted a net profit of Rs 415.40 million in the quarter ended December 31, 2000 as compared to Rs 186/- million in the same quarter last fiscal. Total Income for the quarter ended December 31, 2000 stood at Rs 2591.10 million as against Rs 2798.30 million in the quarter ended December 31, 99. Other Income for the current quarter includes Gain on Sale of value of ships amounting to Rs 45.70 million.

Potential additional Gas supplies to Gujarat Gas

British Gas has made an offer in its own name to procure gas from Cairns Energy. The Gas will be sold to Gujarat Gas Company Ltd (GGCL) and to other major customers in Gujarat for which GGCL will undertake the transmission. This has been done to ensure that GGCL has access to greater gas supplies for its current requirements and for future growth. With this, GGCL will be assured of regular gas at competitive rates to help it to realise its full potential. Although, the details are under negotiations and yet to be finalised, both the Board of GGCL and BG believe that this transaction will assist GGCL to realise its growth potential and to deliver significant shareholder value.

K Nair ceases to be Director of BOB Board

Bank of Baroda has informed BSE that Shri Kuttappan K Nair has ceased to be Director of the Bank with effect from December 29, 2000. This is pursuant to Government of India's Gazette Notification dated December 29, 2000.

Atul Q3 net at Rs 30.90 million

Atul Ltd has reported a net profit of Rs 30.90 million in the quarter ended December 31, 2000 as against a net loss of Rs 23.80 million in the same quarter for the previous fiscal. Net Sales increased from Rs 1186.60 million in DQ 99 to Rs 1407.90 million in DQ 2000. Other Income stood at Rs 13.70 million in the quarter ended December 31, 2000 as compared to Rs 19.90 million in the quarter ended December 31, 1999. During the quarter, the Company has redeemed preference shares worth Rs 15 million.

BSE imposes special margin on 2 scrips

BSE has imposed a special margin of 25% per share on the scrips of the undermentioned companies with effect from today (January 31, 2001). Scrip Code Scrip Name Scrip Group 3673 CMM Broadcasting Network Ltd Z 19373 Vimal Oil & Foods Ltd B2

Shipping Corporation Q3 net at Rs 1291.80 million

Shipping Corporation of India Ltd has posted a net profit of Rs 1291.80 million in the quarter ended December 31, 2000 as against Rs 98.70 million in the same quarter for the previous fiscal. Net Sales increased from Rs 5836.60 million in DQ 99 to Rs 8421.50 million in DQ 2000. Other Income stood at Rs 267.60 million in the quarter ended December 31, 2000 as compared to Rs 206.40 million in the quarter ded December 31, 1999. For the purpose of quarterly results, the Company follows the practice of recording earnings and direct operating expenses on actual basis whereas the indirect operating expenses are based on budget estimates. During the quarter the Company has disposed of five Liner Vessels.

Rico Auto Q3 net up by 2.63%

Rico Auto Industries Ltd has reported a net profit of Rs 35.10 million in the quarter ended December 31, 2000 as against Rs 34.20 million in the same quarter for the previous fiscal. Net Sales increased from Rs 572.40 million in DQ 99 to Rs 839.90 million in DQ 2000. Other Income stood at Rs 1.30 million in the quarter ended December 31, 2000 as compared to Rs 8 million in the quarter ended December 31, 1999.

Smithkline Pharma FY 2000 on Feb 09, 2001

A meeting of the Board of Directors of Smithkline Beecham Pharmaceuticals (India) Ltd is scheduled to be held on February 09, 2001 to consider and approved the Accounts for the year ended December 31, 2000. The Board will also propose the Dividend for the year ended December 31, 2000 and consider the closure of share transfer books.

Syngenta India DQ 2000 net at Rs 49 million

Syngenta India Ltd has reported a net profit of Rs 49 million in the quarter ended December 31, 2000. Net Sales stood at Rs 1090 million and the Other Income stood at Rs 4 million for the quarter ended December 31, 2000. The Company's business was vested with the Agribusiness Undertaking comprising the Crop Protection and Seeds businesses of Novartis India Ltd retroactively from April 01, 2000, pursuant to the Mumbai High Court Order dated October 12, 2000. Since the business was part of Novartis India Ltd during the previous year, comparable/figures are not available. The Company's business is seasonal in nature.

Cadbury India Q4 results on February 26, 2001

A meeting of the Board of Directors of Directors of Cadbury India Ltd is scheduled to be held on February 26, 2001 for purpose of consideration of audited annual accounts for the period of 12 weeks commencing from October 09, 2000 to December 31, 2000 Recommendation of the Dividend, finalisation of the date, agenda, and other related matters for the Annual General Meeting will also be taken up at this meeting.

Gujarat Gas FY 2000 results on March 01, 2001

A meeting of the Board of Directors of Gujarat Gas Company Ltd is scheduled to be held on March 01, 2001 to consider and approve the audited financial results of the Company for the year ended December 31, 2000.

India Cements Q3 net profit up by 154.54%

India Cements Ltd has posted a net profit of Rs 126 million for the quarter ended December 31, 2000 as compared to Rs 49.50 million in the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 are at Rs 2946.60 million as compared to Rs 2767.60 million in DQ 99. Other income for the quarter ended December 31, 2000 is at Rs 15.80 million as against Rs 52 million in the quarter ended December 31, 99. Income Tax will be determined and provided at the end of the year. Interest charges have decreased from 491 million in DQ 99 to Rs 479 million in the quarter ended December 31, 2000.

Usha Housing co-opts 2 additional Directors

The Board of Directors of Usha Housing Development Company Ltd in its meeting held on January 30, 2001 has decided to co-opt Mr. S.C.Agarwal and Mr Raman Malhotra as Additional Directors of the Company. The resignation tendered by Mr. A.S.Rajput from the Directorship of the Company has been accepted by the Board.

Orchid Chemicals to increase authorised share capital

The Board of Directors of Orchid Chemicals & Pharmaceuticals Ltd. has approved, increase in authorised share capital of the company from Rs 300 million to Rs 340 million. The Board of Directors of the Company has also approved the issue of Foreign Currency Convertible Bonds on private placement basis to M/s International Finance Corporation, Washington.

Kopran Q3 net profit up by 19.45%

Kopran Ltd has posted a net profit of Rs 47.90 million for the quarter ended December 31, 2000 as compared to Rs 40.10 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 579.50 million as compared to Rs 567.50 million in DQ 99. The Board of Directors at their meeting held on 21st December 2000, subject to statutory approvals, have approved the Scheme of Arrangement between Kopran Pharmaceuticals Limited (KPL) with Kopran (KL). The Appointed Date for Merger is fixed as April 01,2000. The Court convened Extra Ordinary General Meeting will be held on March 02, 2001.KPL at present markets OTC products under the Brand names of Smyle, Dr.Smyle & Yumtum. However the financials of KPL have not been included in the aforesaid financial results of KL.

Hero Honda clarifies on news item

With reference to the news item appearing in a leading financial daily stated, "Hero Honda to drive into scooter market", Hero Honda Motors Ltd has informed BSE that the news regarding manufacturing of scooters has been misquoted. The Company clarified that it has an option to manufacture scooters after 2003 and no negotiation, discussions have taken place in this regard. Further, Hero Honda Motors Ltd has stated that since the option is available, the matter may come up for discussion/reference in future meetings with the collaborators. In relation to the same article, the Company has reported that the news regarding developing of new models is correct.

IBP Q3 net up by 155.26%

IBP Co Ltd has posted a net profit of Rs 118.70 million for the quarter ended December 31, 2000 as compared to Rs 46.50 million in the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 are up by 26.01% at Rs 22831.90 million as compared to Rs 18118.40 million in DQ 99. Other income for the quarter ended December is at Rs 178.50 million as compared to Rs 98/- million in DQ 99.

Kothari Products Q3 net profit up by 4.13%

Kothari Products Ltd has posted a net profit of Rs 58/- million for the quarter ended December 31, 2000 as compared to Rs 55.70 million in the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 are at Rs 324.10 million as against Rs 291.70 million in DQ 99. Other income has fallen from Rs 39.60 million in DQ 99 to Rs 19.60 million in the quarter ended December 31, 2000.

Sun Earth Ceramics Q2 net profit up by 15.03%

Sun Earth Ceramics Ltd has posted a net profit of Rs 83.40 million for the quarter ended December 31, 2000 as compared to Rs 72.50 million in the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 515.60 million as compared to Rs 432.70 million in DQ 99. Approval of the Mumbai High Court for the merger of Savana Ceramics Ltd effective July 01, 99 with the company has been received and the approval of the Gujarat High Court is expected shortly. The company has successfully commissioned Phase-11 expansion project of the porcelain glazed tile at Karjat in December 2000.

Roofit Industries Q2 net profit up by 30.60%, Sales up by 54.60%

Roofit Industries Ltd has posted a net profit of Rs 95.60 million for the quarter ended December 31, 2000 as compared to Rs 73.20 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 1007.50 million as against Rs 653/- million in DQ 99. The company has allotted 77,94,720 equity shares of Rs.10/- each as bonus shares on December 18, 2000 consequently the equity share capital has increased from Rs 78/- million to Rs 155.9 million.

Goodlass Nerolac Q3 net profit down by 47.76%

Goodlass Nerolac Paints Ltd has posted a net profit of Rs 51.50 million for the quarter ended December 31, 2000 as compared to Rs 98.60 million for the quarter ended December 31, 2000. Total Income for the quarter ended December 31, 2000 is at Rs 1510.10 million as against Rs 1454.40 million in DQ 99. Sales for the quarter under review were impacted by slowdown in the automobile Industry Moreover, Diwali sales were included in the third quarter in the previous year, whereas the same were included in the second quarter in the current year. The margins also were depressed on account of inflation not neutralized by price increase in respect of Industrial business.

Orient Information Q3 net profit up by 197.12%, Total Income up by 126.27%

Orient Information Technology Ltd has posted a net profit of Rs 60.02 million for the quarter ended December 31, 2000 as compared to Rs 20.20 million in the corresponding period last fiscal. Total Income has increased from Rs 111.35 million in DQ 99 to Rs 251.95 million in the quarter ended December 31, 2000. During the quarter ended December 31, 2000 the company has started operations of two new subsidiaries, one each in U.S.A. & U.A.E. The Board of Directors identified an overseas Software Consulting Company for acquisition and decided to assign the valuation of the company, finalisation on the total consideration and form of payment to a firm of reputed Chartered Accountants.

Birla Global Finance Board approves rights issue

The Board of Directors of Birla Global Finance Ltd, at its meeting held on January 30, 2001 has approved the issue of further equity share capital by way of rights issue at a premium ranging from Rs 10/- to Rs 20/- in the ratio of 1 equity share for every equity share held by the shareholders of the Company.

Satnam Overseas Q3 net profit up by 64.10%

Satnam Overseas Ltd has posted a net profit of Rs 25.60 million for the quarter ended December 31, 2000 as compared to Rs 15.60 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 1064.20 million as compared to Rs 616.80 million in the quarter ended December 31, 99.

Lupin Lab Q3 net profit up by 56.37%, Board approves scheme of merger

Lupin Laboratories Ltd has posted a net profit of Rs 185.30 million for the quarter ended December 31, 2000 as compared to Rs 118.50 million in the quarter ended December 31, 99. Total Income for the quarter ended December 31, 2000 is at Rs 1962.70 million as against Rs 1715.60 million in DQ 99. The Board of Directors approved the scheme for the merger of Lupin Laboratories Ltd into Lupin Chemicals Ltd. On the basis of the joint report of M/s Deloitte Haskins and Sells and M/s Ranji and Company the swap ratio has been recommended at 12 shares of Lupin Chemicals Ltd for every 1 share of Lupin Laboratories Ltd. The merged entity will be called Lupin Ltd with its registered office at Mumbai. The share capital of Lupin Chemicals Ltd is being re-organized/restructured whereby the face value of Rs 10 per share would stand reduced to Re 1 per share and the balance Rs 9 would be transferred to the capital re-organization account of the company. These shares would be then consolidated into shares of face value of Rs 10 each thus reducing the equity capital of Lupin Chemicals Ltd from Rs 335.50 million to Rs 33.55 million. This re-organization is being carried out to ensure that the emerging equity capital of the amalgamated entity remains at serviciable levels. The shareholders of Lupin Laboratories Ltd will receive 1.2 shares of the re-organised company for each share held, thereby effectively translating into each shareholder of Lupin Laboratories Ltd receiving 12 shares of the re-organised company in accordance with the recommended swap ratio.

GDR Software to allot equity shares on preferential basis

The Board of Directors of GDR Software Ltd at its meeting held on January 29, 2001 has decided to offer, issue and allot 3.50 million equity shares of Rs 10/- each of the company to Mr V Chandrasekhar and his Meditech Software Ltd's Associates Group in a swap ratio of 7:1 seven shares of GDR Software Ltd of Rs 10/- each for every one equity share each of Meditech Software Ltd for acquiring the said company. An EGM of the company is proposed to be held on February 26, 2001 for obtaining the approval of members.

Ind Swift Laboratories Q3 net up by 44.15%

Ind Swift Laboratories Ltd has posted a net profit of Rs 12.25 million for the quarter ended December 31, 2000 as compared to Rs 8.50 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 235.40 million as against Rs 168.19 million in DQ 99.

Floatglass India to consider increase in authorised share capital

The Board of Directors of Floatglass India Limited has decided to constitute a sub-committee of Directors to study and recommend the quantum and type of share capital to be increased. The sub-committee will also study and recommend size and type of issue to be made by the company. Based on the recommendations of the sub-committee, the Board of Directors will take a decision in the matter of increase in authorised share capital and issue of shares.

Mascot Systems allots shares under ESOS

Mascot Systems Ltd has informed BSE that the Board of Directors of the Company at its meeting held today (January 31, 2001) has allotted 1275 equity shares at par value of Rs 4/- per share to the individual optionee's pursuant to the exercise of options granted to the employees under the Companies Stock Options Plan, on receipt of payment of the subscription monies in respect of the said shares aggregating to Rs 127500/-. The Grant price for the aforesaid shares is Rs 100/- per share.

SSI Q2 net up by 186.70%

SSI Ltd has reported a net profit of Rs 250.83 million in the quarter ended December 31, 2000 as against Rs 87.49 million in the same quarter for the previous fiscal. Net Sales increased from Rs 424.14 million in DQ 99 to Rs 1154.261 million in DQ 2000. Other Income increased from Rs 2.85 million in the quarter ended December 31, 1999 to Rs 79.76 million in the quarter ended December 31, 2000. Other income for the current quarter includes Rs 36.43 million on account of Exchange Rate difference. On October 30, 2000, the Company has allotted 21,200 equity shares to the eligible employees of the company consequent to their exercising the options vested with them. 6,38,236 underlying equity shares were allotted consequent to issue of 63,82,360 GDSs under Stock Swap Scheme to the shareholders of M/s AlbionOrion Company, LLC, Delaware, USA. In the current quarter, the Company has provided for diminution in value of investments in subsidiaries to the tune of Rs 27.80 million.

Saregama Q3 net profit up by 205.76%

Saregama India Ltd has posted a net profit of Rs 15.90 million for the quarter ended December 31, 2000 as compared to Rs 5.20 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 446.70 million as compared to Rs 348.60 million in DQ 99. The Tax charged of Rs 15/- million in the quarter ended June 2000 is considered adequate to cover the taxable profits for the period to December 2000. Hence no further liability for tax has been considered for the quarter ended December 31, 2000.

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