IT & T Q3 net at Rs 38.85 million

IT & T Ltd has reported a net profit of Rs 38.85 million in the quarter ended December 31, 2000 as against Rs 1.84 million in the same quarter for the previous fiscal. Net Sales increased from Rs 40.96 million in DQ 99 to Rs 77.91 million in DQ 2000. Other Income stood at Rs 0.11 million in the quarter ended December 31, 2000 as compared to Rs 0.13 million in the quarter ended December 31, 1999. The company has allotted 38,90,400 equity shares of Rs 5/- each at a premium of Rs 76/- each on November 23, 2000.

DSP Merrill Lynch fixes record date for bonus issue

DSP Merrill Lynch Ltd has fixed March 02, 2001 as the record date for the purpose of issue bonus shares. The aforesaid bonus issue will be in the ratio of one bonus share for every one existing equity share held. The transactions in the equity shares of the Company will be done on cum-bonus basis upto February 02, 2001 and on ex-bonus basis with effect from February 05, 2001.

IDBI Bank Q3 net down by 48.79%

IDBI Bank has reported a net profit of Rs 74/- million in the quarter ended December 31, 2000 as compared to Rs 144.5 million in the quarter ended December 31, 1999. Total Income from Operations increased is higher by 26.78% at Rs 1235.40 million in DQ 99 as compared to Rs 1566.20 million in DQ 2000. As directed by the Reserve Bank of India, the Bank has increased the depreciation charge on Computers to 33.33% p.a. This has resulted in an additional charge of Rs 42.80 million for the quarter ended December 31, 2000. Provisions made during the quarter ended December 31, 2000 includes general loan loss provision which is over and above the statutory requirement.

Kajaria Ceramics Q3 net down by 46.63%

Kajaria Ceramics Ltd has reported a net profit of Rs 19.80 million in the quarter ended December 31, 2000 as against Rs 37.10 million in the same quarter for the previous fiscal. Net Sales increased from Rs 463.70 million in DQ 99 to Rs 626.70 million in DQ 2000. Other Income stood at Rs 0.10 million in the quarter ended December 31, 2000 as compared to Rs 0.40 million in the quarter ended December 31, 1999.

Tata SSL Q3 net loss at Rs 4.60 million

Tata SSL Ltd has reported a net loss of Rs 4.60 million in the quarter ended December 31, 2000 as against a net profit of Rs 11.16 million in the same quarter for the previous fiscal. Net Sales increased from Rs 1384.90 million in DQ 99 to Rs 1443.55 million in DQ 2000. Other Income has fallen from Rs 17.64 million in the quarter ended December 31, 1999 to Rs 4.99 million in the quarter ended December 31, 2000.

IndusInd Bank Q3 net up by 13.64%

IndusInd Bank Ltd has reported a net profit of Rs 163.30 million in the quarter ended December 31, 2000 as compared to Rs 143.70 million in the quarter ended December 31, 1999. Total Income from operations is higher at Rs 2015.70 million in DQ 2000 as against Rs 1894.60 million in DQ 99 The working results for the period ended December 31, 2000 have been arrived at after considering Income Tax, Depreciation on investments and NPA's on pro-rata basis. Provision & Contingencies have fallen from Rs 346.20 million in DQ 99 to Rs 176.30 million in DQ 2000.

Adani Exports Q3 net up by 28.09%

Adani Exports Ltd has reported a net profit of Rs 166.90 million in the quarter ended December 31, 2000 as against Rs 130.30 million in the same quarter for the previous fiscal. Net Sales increased from Rs 7775.60 million in DQ 99 to Rs 8422.40 million in DQ 2000. Other Income stood at Rs 16.90 million in the quarter ended December 31, 2000 as compared to Rs 2.60 million in the quarter ended December 31, 1999.

Goldiam International Q3 net up by 14.20%

Goldiam International Ltd has reported a net profit of Rs 60.50 million in the quarter ended December 31, 2000 as against Rs 52.98 million in the same quarter for the previous fiscal. Net Sales decreased to Rs 263.68 million in DQ 2000 from Rs 281.19 million in DQ 99. Other Income stood at Rs 3.75 million in the quarter ended December 31, 2000 as compared to Rs 3.92 million in the quarter ended December 31, 1999. The Company has joined as promoter for incorporation of another company to run a jewellery manufacturing unit outside Seepz.

Gujarat Alkalies Q3 net loss at Rs 56.10 million

Gujarat Alkalies and Chemicals Ltd has reported a net loss of Rs 56.10 million in the quarter ended December 31, 2000 as against a net loss of Rs 178.20 million in the same quarter for the previous fiscal. Net Sales increased from Rs 1789.40 million in DQ 99 to Rs 2399.30 million in DQ 2000. Other Income stood at Rs 34.60 million in the quarter ended December 31, 2000 as compared to Rs 13.20 million in the quarter ended December 31, 1999.

Apollo Hospitals Q3 net up by 3.23%

Apollo Hospitals Enterprise Ltd has posted a net profit of Rs 64/- million in the quarter ended December 31, 2000 as against Rs 62/- million in the same quarter for the previous fiscal. Net Sales increased from Rs 637/- million in DQ 99 to Rs 748/- million in DQ 2000. Other Income stood at Rs 40/- million in the quarter ended December 31, 2000 as compared to Rs 44/- million in the quarter ended December 31, 1999.

EIH Associated Q3 net at Rs 14.93 million

EIH Associated Hotels Ltd has reported a net profit of Rs 14.93 million in the quarter ended December 31, 2000 as against a net loss of Rs 3.84 million in the same quarter for the previous fiscal. Total Income increased by 27.92%, at Rs 118.27 million in DQ 2000 from Rs 92.46 million in DQ 2000.

EIH Associated Q3 net at Rs 14.93 million

EIH Associated Hotels Ltd has reported a net profit of Rs 14.93 million in the quarter ended December 31, 2000 as against a net loss of Rs 3.84 million in the same quarter for the previous fiscal. Total Income increased by 27.92%, at Rs 118.27 million in DQ 2000 from Rs 92.46 million in DQ 2000.

Finolex Cables Q3 net down by 5.71%

Finolex Cables Ltd has reported a net profit of Rs 237.90 million in the quarter ended December 31, 2000 as compared to Rs 252.30 million in the quarter ended December 31,1999. Sales increased from Rs 1673.40 million in DQ 99 to Rs 1725.90 million in DQ 2000. Other Income has fallen from Rs 84.30 million in DQ 99 to Rs 17.70 million in DQ 2000, down by 79%. This is largely due to the Other Income for the quarter ended December 31, 99 included a one time dividend income of Rs 36/- million. Finolex Essex Industries Ltd has become the wholly subsidiary of the Company in September 2000 and has been renamed as Finolex Wire Products Ltd. The Company has reported that the first phase of expansion at Goa for Light Duty Cables has become operational during the current quarter. The company has received quality approval as per ISI standard for the cables manufactured at Goa. The ISI approval additional capacity and sales tax benefit at Goa will enable the company to leverage its competitive strength in this segment. The Urse Division production is partly affected in December 2000 due to strike by a section of the employees

Oswal Chem Q3 net up by 22.81%

Oswal Chemicals & Fertilizers Ltd has reported a net profit of Rs 261.70 million in the quarter ended December 31, 2000 as against Rs 213.10 million in the same quarter for the previous fiscal. Net Sales decreased to Rs 1882.90 million in DQ 2000 from Rs 2104.50 million in DQ 99. Other Income stood at Rs 21.50 million in the quarter ended December 31, 2000 as compared to Rs 20.90 million in the quarter ended December 31, 1999. The Company's Phosphatic Fertilizer Plant at Paradeep commenced trial production in March 2000 and has produced 6.94 Lac MT of DAP till 19th January 2001.The working of DAP division will be reflected in financial results after commencement of commercial production.

E. Merck DQ 2000 results on Feb 09, 2001

A meeting of the Board of Directors of E. Merck (India) Ltd is scheduled to be held on February 09, 2001 to consider the accounts for the year ended December 31, 2000.

Chambal Fertilizers Q3 net up by 11.54%

Chambal Fertilizers and Chemicals Ltd has posted a net profit of Rs 511.30 million in the quarter ended December 31, 2000 as compared to Rs 458.40 million in the corresponding period last fiscal. Sales are up from Rs 4729.20 million in DQ 99 to Rs 6007.70 million in DQ 2000, up by 27.03%. Other Income for the quarter ended December 31, 2000 is at Rs 25.50 million as compared to Rs 22.70 million in DQ 99. Sales for the quarter ended December 31, 2000 includes sales from Gadepan II Plant which went into commercial production on October 20,1999 amounting to Rs 3228.50 and Sales of traded goods amounting to Rs 558.80 million The Total Expenditure for the quarter ended December 31, 2000 is not comparable with corresponding quarter of earlier fiscal as it includes expenditure of Gadepan II plant which is based on more expensive feed-stock and fuel i.e. Naphtha as compared to Natural Gas for Gadepan I Plant. The company has reported that the project for installation of balance spindles in the Spinning Unit at Baddi (H.P) is progressing as per schedule. The partial strike by workmen since July 12, 2000 has unconditionally called off on January 15, 2001. The company has invested Rs 288.50 million in 10% Non Cumulative Non Convertible Redeemable Preference Share Capital of Zuari Investments Ltd.

Hindustan Motors Q3 net loss at Rs 334.80 million

Hindustan Motors Ltd has reported a net loss of Rs 334.80 million in the quarter ended December 31, 2000 as against a net loss of Rs 117.30 million in the same quarter for the previous fiscal. Net Sales decreased to Rs 2628.30 million in DQ 2000 from Rs 2973.20 million in DQ 2000. Other Income stood at Rs 28.30 million in the quarter ended December 31, 2000 as compared to Rs 14.30 million in the quarter ended December 31, 1999. The Company has entered into a Business Transfer Agreement with Caterpillar Inc., USA to sell the Earthmoving Equipment Division with factories at Tiruvallur and Pondicherry. The transaction is expected to be completed within the current quarter.

Other Income helps HFCL post 382.03% rise in net profit for DQ 2000

Himachal Futuristic Communications Ltd has posted a net profit of Rs 1304.99 million in the quarter ended December 31, 2000 as compared to Rs 270.73 million in the same quarter last fiscal. Sales are up by 127.66%, at Rs 3952.16 million in the quarter ended December 31, 2000 as compared to Rs 1735.99 in the quarter ended December 31, 99. Other Income for DQ 2000 stood at Rs 691.04 million as against Rs 36.73 million in DQ 99. During the current quarter, the Company has sold its entire shareholding in Fascel Ltd, a cellular operator in the state of Gujarat resulting in long term capital gain Rs 349.90 million. The same has been included in other income. Besides this, the other income has mainly increased due to increase in interest and other earning on investment of surplus funds.

Bausch & Lomb Q3 result date postponed to Feb 08, 2001

Bausch & Lomb India Ltd has informed BSE that the Company proposes to hold its Board meeting to consider the Quarterly Unaudited Financial Results of the Company for the quarter ended December 31, 2000 on February 08, 2001. The Company had earlier informed BSE the aforesaid Board meeting was to be held on January 30, 2001. The Board meeting has now been postoned with regard to the fact that the auditors of the Company were still working on the finalisation of the financial position of Company as it stood on October 23, 2001 i.e. the date on which the Vision Care Business has been transferred and with regard to which the sales consideration for the Vision Care Business is to be ascertained. In view of the likely impact of sales consideration on the financial results for the period ended December 31, 2000 the Company has expressed it inability to release the third quarter results within the requisite time prescribed under the Listing Agreement.

Global Trust Board approves scheme of amalgamation, merged Bank to be named UTI Global Bank

The Board of Directors of Global Trust Bank Ltd (GTB) at the meeting held today (January 27, 2001) has approved the following: The Amalgamation of GTB with UTI Bank Ltd wef February 28, 2001 or such date as may be specified by Reserve Bank of India (RBI) by an order in writing passed in this behalf under the provisions of Sec 44A of the Banking Regulation Act 1949 as also the scheme of Amalgamation. The aforesaid approval given by the Board is subject to the approval of the members of the Bank and RBI and any other relevant authorities as may be required to be obtained for the purpose of Amalgamation of the two banks. The swap ratio will be 1 share of GTB for every 2.25 shares of UTI Bank meaning that the members of UTI Bank will get 4 shares of GTB for every 9 shares held by them. The name of the merged Bank will be UTI Global Bank Ltd DR. P J Nayak will be the first CMD and Mr Sridhar Subasri will be the first ED of the merged Bank. An EGM of the GTB will be held on February 24, 2001 to seek approval of the members for the above.

BPCL Q3 net down by 19.43%

Bharat Petroleum Corporation Ltd has reported a net profit of Rs 1136 million in the quarter ended December 31, 2000 as against Rs 1410 million in the same quarter for the previous fiscal. Net Sales increased by 27.28%, at Rs 116377 million in DQ 2000 from Rs 91433 million in DQ 99. Other Income stood at Rs 583 million in the quarter ended December 31, 2000 as compared to Rs 306 million in the quarter ended December 31, 1999. Interest expenditure in the current quarter increased to Rs 675 million from Rs 532 million in DQ 99. The increase in the interest expenditure is mainly due to increased borrowings to meet enhanced working capital requirement consequent to increase in prices of crude oil and products and receivable from Oil Co-ordination Committee on account of pool claims.

Tamilnadu Petro Q3 net profit down by 31.17%

Tamilnadu Petroproducts Ltd has posted a net profit of Rs 90.35 million for the quarter ended December 31, 2000 as compared to Rs 131.28 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 1586.28 million as against Rs 1195.90 million in the quarter ended December 31, 99. The financial results for the current quarter includes the operational the operational results of Heavy Chemicals Division acquired effective September 27, 2000.

Titan Q3 net up by 34.65%

Titan Industries Ltd has posted a net profit of Rs 23.70 million for the quarter ended December 31, 2000 as compared to Rs 17.60 million for the quarter ended December 31, 99. Total Income for the quarter ended December ended December 31, 2000 is at Rs 1477 million as compared to Rs 1320.20 million in the quarter ended December 31, 99. Advertising Expenditure has fallen from Rs 140.90 million in DQ 99 to Rs 134.10 million in the quarter ended December 31, 2000.

Sundram Fasteners Q3 net down by 29.56%

Sundram Fasteners Ltd has posted a net profit of Rs 78.60 million for the quarter ended December 31, 2000 as compared to Rs 111.60 million in the corresponding period fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 936.80 million as compared to Rs 954.20 million in the quarter ended December 31, 99.

Megasoft to be listed on BSE on Jan 29, 2001

BSE has informed the members of the exchange that the securities of Megasoft Ltd will be listed on the exchange with effect from January 29, 2001. The above mentioned securities will be admitted to dealings in the list of Non-specified securities.

Alsa Constructions to be wound up

BSE has informed its members that by an order of the Honourable High Court of Chennai at Chennai, Alsa Constructions & Housing Ltd., has been wound-up. Pursuant to the above, BSE has advised the members of the exchange not to deal in the aforesaid securities with effect from January 29, 2001.

J B Chemicals & Pharma Q3 net up by 3.44%

J B Chemicals & Pharmaceuticals Ltd has posted a net profit of Rs 57.40 million for the quarter ended December 31, 2000 as compared to Rs 55.49 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 673.47 million as compared to Rs 458.06 million in the quarter ended December 31, 99. The financials of the pharmaceutical division of Ifiunik Pharmaceuticals Ltd and Unique Pharmaceuticals Ltd have been consolidated with the above results wef April 01, 2000, the appointed date and hence the results are strictly not comparable with the previous period.

Sun Earth Ceramics fixes record date for bonus issue

BSE has informed the members of the Exchange that the securities of Moschip Semiconductor Technology Ltd will be listed on the exchange with effect from January 29, 2001. The aforesaid securities will be admitted to dealings in the list of Non-Specified securities.

Moschip Semiconductor to be listed on BSE on Jan 29, 2001

BSE has informed the members of the Exchange that the securities of Moschip Semiconductor Technology Ltd will be listed on the exchange with effect from January 29, 2001. The aforesaid securities will be admitted to dealings in the list of Non-Specified securities.

TTK Prestige bags coveted "GS" mark

TTK Prestige Ltd has informed BSE that the Company has become the first Indian Pressure Cooker manufacturer to receive the coveted "GS" mark. The "GS" mark signals that the product has been tested for operational safety. The "GS" mark is awarded to TTK Prestige Ltd after rigorous testing of the pressure cooker according to the German Standard, DIN 66065 by TUV Rheinland in Germany followed by an audit of the factory. The Certification also permits TTK Prestige Ltd to use the "CE" mark, the "TUV" mark as well as the "GS" mark on their pressure cooker. These certification marks are very widely accepted in the European markets. TTK Prestige already has the "UL" certification which is widely accepted in the American market. They also have the "ISI" marks for their products sold in the domestic markets. With the obtaining of this Certificate, the Company expects that its ability to penetrate the European market is enhanced.

Sandvik Asia Board to consider merger of Titex India

A meeting of the Board of Directors of Sandvik Asia Ltd is scheduled to be held on February 03, 2001 to take on record the scheme of merger of Titex India Private Ltd with the Company.

Ramco Ind Q3 net up by 32.08%

Ramco Industries has posted a net profit of Rs 38.70 million in the quarter ended December 31, 2000 as compared to Rs 29.30 million in the quarter ended December 31,1999. Total Income for the quarter ended December 31, 2000 stood at Rs 339.10 million as against Rs 309.10 million in the same quarter for the previous fiscal.

Castrol open offer date postponed

Securities and Exchange Board of India vide its letter dated January 10, 2001 has advised Castrol Ltd (Castrol UK) to await its comments in terms of Regulation 18(2) of the SEBI (Substantial Acquisition of shares and takeovers) Regulations 1997 in respect of the Company's intention to make an open offer. The advise has been made based on the draft offer document filed by the Company. Accordingly, based on the receipts of comments from SEBI, the shareholders would be intimated in regard to the revised time schedule for the Offer by means of a public announcement. JM Morgan Stanley on behalf of Castrol Ltd and BP Amoco plc had earlier informed BSE that Castrol Ltd (Castrol UK) a wholly owned subsidiary of BP Amoco plc (BP Amoco) had proposed to make an open offer to acquire 2,47,00,691 fully paid up equity shares of Castrol India Ltd of face value of Rs 10/- each representing 20% of the equity capital of Castrol at a price of Rs 311.91 per fully paid-up equity share from the shareholders of Castrol India Ltd. Castrol UK had earlier intended to post the Letter of offer in this regard by January 25, 2001.

Rane Brake Linings Q3 net down by 52.16%

Rane Brake Linings Ltd has reported a net profit of Rs 9.87 million in DQ 2000 as against Rs 20.63 million in the same period last fiscal. Total Income for the quarter ended December 31, 2000 is higher at Rs 219.54 million as compared to Rs 221.96 million in the quarter ended December 31, 1999.

Subex Systems Q3 net profit up by 132.53%

Subex Systems Ltd has posted a net profit of Rs 30.33 million for the quarter ended December 31, 2000 as compared to Rs 13.04 million for the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 stood at Rs 147.06 million as compared to Rs 70.50 million in DQ 99. During the period 193750 stock options were granted to employees including those of Subex Technologies Inc the Wholly Owned Subsidiary of the Company.

Parekh Platinum Q3 net down by 62.44%

Parekh Platinum Ltd has posted a net profit of Rs 11.65 million for the quarter ended December 31, 2000 as compared to Rs 31.04 million in the corresponding period last fiscal. Total Income for the quarter ended December 31, 2000 is at Rs 1387.95 million as compared to Rs 1036.81 million for the corresponding period last fiscal.

Nedungadi Bank Q3 net up by 27.54%

Nedungadi Bank Ltd has reported a net profit of Rs 55.34 million in the quarter ended December 31, 2000 as against Rs 43.39 million in the same quarter for the previous fiscal. Income from operations stood at Rs 447.60 million in DQ 2000 as compared to Rs 406.60 million in DQ 99. Other Income stood at Rs 78.46 million in the quarter ended December 31, 2000 as compared to Rs 56.15 million in the quarter ended December 31, 1999. Other income includes income from non-fund based activities like commission, foreign exchange earnings and Treasury operations.

Mascot Systems Q3 net at Rs 69.66 million

Mascot Systems Ltd has reported a net profit of Rs 69.66 million in the quarter ended December 31, 2000 as against a net loss of Rs 14.06 million in the corresponding period previous year. Net Sales stood at Rs 984.65 million in DQ 2000 as against Rs 123.25 million in DQ 99. Other Income stood at Rs 35.24 million in the quarter ended December 31, 2000 as compared to Rs 7.25 million in the quarter ended December 31, 99. Other Income for the quarter ended December 31, 2000 includes Rs 27.15 million being income earned on deployment of unutilised funds out of the Public issue. During the quarter ended December 31,2000 the Company has incurred an extraordinary expense of Rs 83.12 million as a consideration towards purchase of business for which necessary approval has since been received.

Balaji Telefilms Q3 net profit at Rs 34.65 million

Balaji Telefilms Ltd has posted a net profit of Rs 34.65 million for the quarter ended December 31, 2000 on a total income of Rs 180.90 million for the quarter ended December 31, 2000. The figures of corresponding quarter of previous year have not been drawn since the listing requirements were not applicable During the quarter ended December 31, 2000, the Company issued and allotted 28,03,250 Equity shares of Rs.10 each for cash at a premium of Rs. 120 per share, aggregating to Rs.364.50 million by way of initial public offer. The equity shares of the Company has been listed on The Stock Exchange, Mumbai and National Stock Exchange of India Ltd. on November 22, 2000. An application has been filed with the High Court, Bombay for directions to convene the meeting of shareholders/creditors for approval of the Scheme of Amalgamation of Nine Network Entertainment India Pvt. Ltd with the Company. After the merger, the equity share capital of the Company will increase to Rs. 129.03 million.

Indian Card Clothing Q3 net up by 61.27%

Indian Card Clothing Co. Ltd has reported a net profit of Rs 5.97 million in the quarter ended December 31, 2000 as against Rs 3.70 million in the quarter ended December 31, 99. Sales are up by 10.27%, from Rs 81.80 million in DQ 99 compared to Rs 90.20 million in DQ 2000. Other Income for the quarter ended December 31, 2000 as compared to Rs 5/- million as compared to Rs 5.05 million in the quarter ended December 31, 1999.

Adlabs Films Q3 net up by 125.22%, Sales up by 32.26%

Adlabs Films Ltd has posted a net profit of Rs 45.63 million for the quarter ended December 31, 2000 as compared to Rs 20.26 million in the corresponding period last fiscal. Net Sales for the quarter ended December 31, 2000 are at Rs 112.07 million as compared to Rs 84.74 million in DQ 99. Other income has increased from Rs 3.14 million in DQ 99 to Rs 6.32 million in the quarter ended December 31, 2000. The Imax Adlabs Dome Theatre is expected to be operational from March 2001. The company on December 29, 2000 has issued and allotted 44,00,150 equity shares 5/- each at a premium of Rs 115/- per share. The equity shares of the company have been listed on The Stock Exchange Mumbai on January 8, 2001.

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