Indian Oil Q3 net up 36.8 per cent

Indian Oil Corporation reported a 36.8 per cent jump in net profit to Rs 777 crore for quarter ended December 31, 2002 as compared to Rs 568...

Indian Oil Corporation reported a 36.8 per cent jump in net profit to Rs 777 crore for quarter ended December 31, 2002 as compared to Rs 568 crore for the same quarter previous year. The quarterly sales also rose 9.05 per cent to Rs 30,625 crore from Rs 28,083 crore during the review period.

Allahabad Bank net records 185%

KOLKATA: Registering an all round jack-up, the net profit of Allahabad Bank has recorded an unprecedented 185.4 per cent growth during the first nine months of the current fiscal to

Rs 110.26 crore, bank chairman and managing director B. Samal announced here on Wednesday. ‘‘We are poised to cross Rs 200 crore mark by March 31 this year,’’ Samal said.

Gujarat Ambuja net up 12 per cent

MUMBAI: Gujarat Ambuja Cements Ltd (GACL) has posted a 12 per cent increase in net profit at Rs 56.46 crore for the second quarter ended December 31, 2002 compared to Rs 50.44 crore in the same period last year. Net sales/income from operations in Q2 was at Rs 486.98 crore against Rs 399.19 crore in the same period of last year, GACL managing director N S Sekhsaria said.

M&M Q3 net up 15.96 per cent

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MUMBAI: Mahindra & Mahindra has reported a 15.96 per cent rise in net profit at Rs 30.79 crore for the third quarter ending December 31, 2002, as against Rs 26.55 crore last fiscal. Net sales for the period under review grew by 4.59 per cent to Rs 960 crore as compared to Rs 917.79 crore in Q3 last year.

Bilt Q2 net up 41.6 per cent

NEW DELHI: BALLARPUR Industries has reported a 41.6 per cent rise in its net profit at Rs 19.65 crore during the second quarter ended December 2002 over Rs 13.88 crore in the same period last year. Net sales during October-December 2002 increased by 3.9 per cent at Rs 386.54 crore against Rs 371.83 crore a year ago, a company release said. Net sales grew by 2.1 per cent to Rs 772.79 crore during July-December 2002 from Rs 756.79 crore last fiscal.

BoB Q3 net up 60.87 per cent

NEW DELHI: BANK of Baroda (BoB) has reported a 60.87 per cent rise in net profit at Rs 254.38 crore for the third quarter ending December 31, 2002 as against Rs 158.13 crore in the same period last fiscal. The bank saw a rise of 11.78 per cent in total income which rose to Rs 1905 crore against Rs 1704.26 crore in the third quarter the previous year.

Cadila Healthcare net up 267.87%

MUMBAI: Cadila Healthcare Ltd has posted an impressive 267.87 per cent increase in net profit at Rs 17.29 crore for the third quarter ended December 31, 2002, as against Rs 4.7 crore in the same period of previous year. Total income in the reporting quarter stood at Rs 166.93 crore as compared to Rs 152.27 crore in the Q3 of FY’01, Cadila stated in a notice to BSE.

Clariant Q3 down 4.32 per cent

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MUMBAI: Clariant (India) Ltd has reported a 4.32 per cent decline in net profit at Rs 4.87 crore for the third quarter ended December 31, 2002, compared to Rs 5.09 crore in same period of previous fiscal. Total income in the period under review was higher at Rs 96.19 crore as against Rs 80.80 crore in Q3 of last year, the company stated in a release.

United Phosphorus net up 94.3%

MUMBAI: United Phosphorus Ltd has posted an 94.3 per cent increase in net profit at Rs 3.07 crore for third quarter ended December 31, 2002 as compared to Rs 1.58 crore in the same period of previous year. Total income in Q3 stood at Rs 147.52 crore as against Rs 138.37 crore in the same period of last year, United Phosphorus informed the BSE.

German Remedies net down 43.78%

MUMBAI: German Remedies Ltd’s net profit fell by 43.78 per cent to Rs 3.39 crore for the third quarter ended December 31, 2002, as compared to Rs 6.03 crore in the same period of the previous year. The decline in profit was mainly due to exceptional items of expenditure charged against current year’s incomelike VRS payment among others.