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April 25, 2000
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| Aimco Pesticides to take stake in software firm |
| The Board of Directors of Aimco Pesticides Ltd will meet on April 28, 2000 to consider the Unaudited Financial results for the financial quarter ended March 31, 2000. At the meeting the company will also consider to approve the proposal to for investing up to 50% in the equity share capital of Hibiscus Net Pvt. Ltd (HNPL). HNPL is engaged in the business of custom software design, web site design, e-commerce software development, portal development and offering IT enabled services. |
| Hero Honda to consider stock split, Final Dividend on May 2 |
| The Board of Directors of Hero Honda Motors Ltd will meet on May 2, 2000 to consider splitting/subdivision of equity shares of the company having a nominal value of Rs 10/- each into shares of face value less than Rs 10/- each. At the meeting the Board will also recommend dividend for the FY 1999-2000. The Board will also consider and adopt the results for the FY 1999-2000 at the said meeting. |
| Intel Corporation to take 49% stake in Hinduja Finance subsidiary |
| Intel Corporation, through its subsidiary Intel Pacific Inc, has proposed to take a stake in Grant Investrade Pvt. Ltd (GIPL), a subsidiary of Hinduja Finance Corporation Ltd. Intel Pacific will invest US$ 49 million for the said stake in GIPL. GIPL proposes to utilize the said proceeds to buy stake in Indusind Media & Communications Ltd. |
| ABB reports Rs 7.16 million profit in Q1, sales down by 12.31% |
| Asea Brown Boveri Ltd has announced a net profit of Rs 7.16 million for the quarter ended March 31, 2000 as against a loss of Rs 94.34 million in MQ 99. The company has shown better bottomline inspite of a reduction in turnover. The sales are down by 12.31 % at Rs 1491.13 million. Other income is Rs 25.94 million (MQ 99 Rs 19.70 million). However since the company demerged and transferred the power generation business to ABB Alstom Power India Ltd with effect from April 1, 1999, the results of the current quarter end those of the previous year are not directly comparable. The company's results for the quarter ended March 31.1999 included sales of Rs 222.21 million and loss before taxation Rs 65.76 million pertaining to the Power generation business. |
| Ingersoll-Rand MQ 2000 net profit up by 26.30 %, turnover rises 6 % |
| Ingersoll-Rand (India) Ltd has announced a net profit of Rs 129.20 million for the quarter ended March 31, 2000 as against Rs 102.30 million in MQ 99. The sales are up by 5.92 % at Rs 1013.70 million. Other income is Rs 99.40 million (MQ 99 Rs 43.80 million). The profits for the year ended March 31, 2000 are Rs 523.80 million, as compared to Rs 542.60 million in the previous financial year, a marginal decrease of 3.46%. The annual sales are 11.91 % up at Rs 3893.50 million as against Rs 3479.10 million in the financial year ending March 1999. The company's equity share capital as on March 31, 2000 stood at Rs 315.70 million and the reserves (excluding revaluation reserves) as on same date were Rs 1983.50 million. |
| ISPL net profit at Rs. 37.30 million for MQ 2000, Mach3 ad spend limits profits |
Indian Shaving Products Ltd (ISPL) has posted a decline in net profit of 2% from Rs 38.10 million for MQ 99 to Rs. 37.30 million for the quarter ended March 31, 2000. However, sales are up by 19% at Rs 522.30 million as against Rs. 440.10 million in MQ 99. On the equity capital of Rs 128.7 million, the company's earning per share has fallen from Rs. 2.96 in MQ 99 to Rs. 2.90 for MQ 2000. The company's other income for the quarter ended March 31, 2000 rose to Rs 33.90 million (MQ99 Rs 10.60 million) mainly on account of job work carried out for Wilkinson Sword India Ltd.
The company also declared that significant advertising and sales promotion expenses incurred on the launch of state-of-the-art new Gillette Mach3 Systems and Pacific Light range of products affected profitability in the quarter ended March 31, 2000.
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| Nicholas Piramal net profit up by 24.75 %, Dividend at Rs 6.50 per share |
| Nicholas Piramal India Ltd has announced a net profit of Rs 569.50 million for the year ended March 31, 2000 as against Rs 456.50 million in FY 99. The sales are up by 13.14 % at Rs 4864.80 million. Other income is Rs 105.60 million (MQ 99 Rs 172.30 million). The company's joint ventures have yielded dividends worth Rs 76.90 million during the year as against Rs 16 million in the previous financial year. On the equity capital of Rs 348.50 million the company has reported a basic EPS of Rs 19.47 (Rs 16.37) and a diluted EPS of Rs 16.34 (Rs 12.99) per share. The interim dividend at Rs 6.50 per share (65%), declared by the Board of Directors has been recommended as final dividend for the year ended March 31, 2000. |
| Hindustan Construction Co net profit at Rs. 66.19 million for MQ 2000, interim at 20%
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Hindustan Construction Company (HCC) Ltd has recorded a net profit of Rs 66.19 million for the quarter ended March 31, 2000 as against Rs 25.65 million in MQ 99. This is despite a slowdown in sales of
21.45 % from Rs 1982.20 million in MQ 99 to Rs 1557.03 million for the quarter ended March 31, 2000. The company's other income for the MQ 2000 was Rs 3.33 million (MQ 99 Rs 6.63 million).
At a meeting held on April 25, 2000, the Board of Directors of the Company declared an interim dividend of 20% on the existing equity share capital, which includes a special dividend of 5% for the Platinum Jubilee year of the company. HCC has fixed May 25, 2000 as the "Record Date" for the payment of the same.
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| Surana Telecom net profit up by 327 %, sales grow by 126 % |
| Surana Telecom Ltd has recorded an impressive 236% growth in its March 2000 quarter profits. The net profit for the quarter ended Mach 2000 is Rs 29.69 million as against Rs 8.84 million earned in MQ 99. The sales are up by 40.93 % at Rs 197.22 million. Other income is Rs 2.09 million (MQ 99 Rs 1/- million). The profits for the year ended March 31, 2000 are Rs 50.48 million, as compared to Rs 11.82 million in the previous financial year, a growth of 327 %. The annual sales are 125.93 % up at Rs 686.84 million as against Rs 304.01 million in the financial year ending March 1999. On the equity capital of Rs 45.21 million the company has reported a diluted EPS of Rs 11.17 while the basic earnings for the year stood at Rs 18 per share. The company's reserves as on March 31, 2000 were Rs 153.59 million. The Board of Directors of the company confirmed the interim dividend of 15 % as the total dividend for the year 1999-2000. |
| DSQ Biotech MQ 2000 net profit at Rs 84.12 million, sales at Rs 813.64 million |
DSQ Biotech Ltd has announced a net profit of Rs 84.12 million for the quarter ended March 31, 2000 as against Rs 2.58 million in MQ 99. The sales are up by 559.38 % at Rs 813.64 million. Other income is Rs 1.97 million (MQ 99 Rs Nil). The interest expenditure for the quarter is down at Rs 13.02 million as against Rs 21.05 million in MQ 99. The company has written off during the quarter the miscellaneous expenditure of Rs 7.95 million. The profits for the year (15 months) ended March 31, 2000 are Rs 44.41 million, as compared to Rs 3.27 million for the 12 months ending March 31, 1999.
The annual sales are Rs 1168.20 million as against Rs 386.31 million for the 12 months ending March 1999. During the quarter the company has allotted 8,030,000 equity shares of Rs 10/- each at a premium of Rs 265/- per share on preferential basis. The company's equity share capital as on March 31, 2000 is Rs 152.74 million and the reserves as on that date is Rs 662.45 million.
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| Grauer & Weil 1999-2000 net rises 68.38%, turnover up by 13.51% |
| Grauer & Weil India Ltd has announced a net profit of Rs 68.38 million for the year ended March 31, 2000 as against Rs 13.60 million in FY 99. The sales are up by 13.51 % at Rs 635.90 million (FY 99 Rs 560.20 million). The profits for the quarter ended March 31, 2000 are Rs 3.60 million, as compared to Rs 5.40 million for the same period in the previous financial year. The sales for the quarter are 20.96 % up at Rs 183.50 million as against Rs 151.70 million MQ 99. |
| Shahi Shipping MQ 2000 net profit at Rs 20.49 million, turnover rises 8.62% |
| Shahi Shipping Ltd has declared its financial results today (April 25, 2000). The company has recorded a net profit of Rs 20.49 million for the quarter ended March 31, 2000 as against a loss of Rs 9.79 million in MQ 99. The revenues are up by 8.62 % at Rs 63.63 million. The profits for the year ended March 31, 2000 are Rs 0.46 million, as compared to Rs 0.53 million in the previous financial year. The annual revenues are 5.67 % down at Rs 200.28 million as against Rs 212.32 million in the financial year ending March 1999. |
| Himatsingka Auto Enterprises Ltd net profit down by 56% in MQ 2000. |
| Himatsingka Auto Enterprises Ltd has posted a net profit of Rs 0.95 million for the quarter ended March 31, 2000 as against a profit of Rs 2.14 million in MQ 99. The sales are up by 18.02% at Rs 5.20 million. Other income is Rs 0.07million (MQ99 Rs 0.20 million). The company's equity capital as on March 31, 2000 is Rs. 15 million. |
| Rinki Petrochemicals MQ 2000 net profit rises 141.78%, company to invest in Software, Media, Entertainment and Pharma businesses |
Rinki Petrochemicals & Industries Ltd has posted a net profit of Rs 10.89 million for the quarter ended March 31, 2000 as against Rs 4.50 million in MQ 99. The total income of the company stood at Rs. 48.63 million for the quarter ended March 31, 2000 as against Rs. 17.22 million for MQ 99.
At a meeting held on 20th of April 2000, the Board of Directors of Rinki Petrochemicals and Industries Ltd considered proposals to invest in bodies corporate engaged in the Software, Media and Pharma business. The company has begun identifying prospective corporates engaged in the mentioned activities.
To keep pace with the future plans of the company, the Board is also considering changing the name of the company.
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| Avanti Feeds Ltd declares interim dividend of 25%, MQ 2000 net profit at Rs. 18.50 million |
Avanti Feeds Ltd has announced a net profit of Rs 18.50 million for the quarter ended March 31, 2000 as against Rs 20.60 million in MQ 99. The sales for this quarter are up by 33.51% at Rs 151.13 million. Other income is Rs 5.48 million (MQ99 Rs 3.07 million). The profits for the year ended March 31, 2000 are Rs 104.93 million, as compared to Rs 84.83 million in the previous financial year. The annual sales have fallen by 8% at Rs 863.36 million as against Rs 934.39 million in the financial year ending March 1999.
The company's wheat flour and shrimp shell manufacturing units have commenced commercial production during the quarter ended March 31, 2000. The said units are being utilised for captive consumption.
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| S Kumars Power Corporation decides rights cum public issue of Rs. 2 billion |
| The Board of Directors of S Kumars Power Corporation Ltd (SKCPL) at its meeting held on April 21, 2000 considered the proposed rights cum public issue and decided to come out with a issue of upto Rs. 2 billion. The Board has called an EGM of the member sof the company on June 15, 2000 to take their approval for the same.
SKCPL has posted a net profit of Rs 0.53 million on a turnover of Rs 9.86 million for the quarter ended March 31, 2000. Other income is Rs 1.03 million. The total expenditure of Rs 5.57 million comprised of Staff cost Rs 1.45 million and other expenditure Rs 4.13 million. The shares of the company are listed on the BSE and the NSE.
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| Silverline Technologies MQ 2000 net profit rises 82.84% |
| Silverline Technologies Ltd has reported a net profit of Rs 196.17 million for the quarter ended March 31, 2000 as against Rs 107.29 million in MQ 99. The sales are up by 64.73 % at Rs 569/- million. Other income is Rs 6.71 million (MQ 99 Rs 5.27 million). The profits for the year ended March 31, 2000 are Rs 698.83 million, as compared to Rs 411.54 million in the previous financial year, an increase of 69.81%. The annual sales are 77.24 % up at Rs 1952.26 million as against Rs 1101.47 million in the financial year ending March 1999. On the equity capital of Rs 645/- million the company has reported a basic earnings of Rs 11.85 per share and a diluted earnings of Rs10.41 per share. |
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