Corporate scorecard

Apar Industries net zooms 136%

Apar Industries' net profit has improved 136 per cent to Rs 6.72 crore for the third quarter of the current financial year compared with Rs 28.42 crore in the corresponding period of the previous year. Sales revenue improved 31 per cent to Rs 197.77 crore (Rs 150.92 crore).

In the first nine months of the current fiscal year, Apar's sales revenue rose 19 per cent to Rs 524.99 crore against Rs 440.94 crore in the same period of last year. Net profit stood at Rs 15.89 crore (Rs 12.04 crore).

A company official said: "With the stabilisation of manufacturing facilities of the oil division at Silvassa and the increase in turnover of transformer and speciality oils, the overall profitability has improved during the last quarter."

Dewan Hsg net up 23% at Rs 6.3 crore

Dewan Housing Finance Corporation Ltd (DHFL) has recorded a 23.16 per cent increase in net profit at Rs 6.3 crore in the third quarter ended December 2003. For the nine months ended December 2003, the housing finance company reported a net profit of Rs 16.14 crore.

Eicher Motors net rises 11.6%

Eicher Motors has reported net profit (after tax) of Rs 11.70 crore for the third quarter ended December, 2003 - an increase of 11.6 per cent over the net profit of Rs 10.48 crore in the corresponding period last year.

The company, however, said "margins would continue to remain depressed due to competitiveness in the market and continuing increase in steel and input prices."

Gross sales increased 34.4 per cent at Rs 232.21 crore (Rs 172.84 crore). Operating profits before depreciation and interest were Rs 22.50 crore (Rs. 20.93 crore).

EIH net shoots up to Rs 5.91 crore

EIH has posted a net profit of Rs 5.91 crore for the third quarter ended 31 December 2003 as compared to a net profit of Rs 93 lakh for the quarter ended 31 December 2002. Total income has increased from Rs 117.94 crore in Q3-02 to Rs 136.89 crore in the quarter ended 31 December 2003.

Goodlass Nerolac net up 51%

Goodlass Nerolac has recorded a 51 per cent increase in its net profit at Rs 16.94 crore for the third quarter ended December 31, 2003, against Rs 11.25 crore in the corresponding quarter of the previous year. Net sales increased 16.51 per cent to Rs 207.53 crore (Rs 178.11 crore).

For the nine months ended December 31, 2003, the company registered a net profit of Rs 44.65 crore against Rs 31.19 crore in the corresponding period of the previous year, a rise of 43.1 per cent. Net sales rose 17.1 per cent to Rs 578.8 crore (Rs 494.25 crore).

Gulf Oil net rises 61% to Rs 4.34 crore

Gulf Oil Corporation has posted 60.96 per cent increase in its net profit at Rs 4.34 crore for the quarter ended December 2003 compared with Rs 2.70 crore in the corresponding quarter of previous year.

Total turnover rose 15.69 per cent at Rs 113.07 crore (Rs 97.73 crore). The company's other income shot up to Rs 9.59 crore. The other income includes the Rs 9.17 crore capital gain on account of sale of property.

The company has also recorded an extra-ordinary item of Rs 1.49 crore for the period under review. In its notes, the company has indicated that the extra-ordinary item includes Rs 1.20 crore ex-gratia payable to families of deceased workmen affected by accident at one of the detonating fuse plants in the factory at Hyderabad and Rs 0.29 crore in respect of payments under voluntary retirement scheme.

JB Chemicals net up 6% at Rs 12 crore

J B Chemicals and Pharmaceuticals (JBCPL) has achieved a 4.22 per cent growth in net sales at Rs 81.83 crore for the third quarter ended December 31, 2003, as compared with Rs 78.51 crore in the same period last year.

Profit before tax rose 6.24 per cent to Rs 15.37 crore (Rs 14.47 crore), while profit after tax increased 6.32 per cent at Rs 12.15 crore (Rs 11.43 crore). Profit before interest, depreciation and tax moved up to Rs 18.90 crore (Rs 16.55 crore).

Depreciation charge increased to Rs 2.80 crore (Rs 1.70 crore). Provision for taxation is at Rs 2.92 crore (Rs 2.89 crore). The basic and diluted earnings per share is Rs 7.57 against Rs 7.12 on a share capital of Rs 16.06 crore.

Madras Cements net up 677%

Madras Cements has reported a 677 per cent jump in profit after tax during the third quarter ended December 2003 at Rs 4.12 crore from Rs 53 lakh compared to the corresponding period last year. Net sales increased to Rs 14.99 crore (Rs 13.76 crore).

Operating profits grew 3.4 per cent to Rs 34.59 crore. Profit after tax showed a growth of 268.9 per cent to Rs 23.02 crore for the nine months to December 2003 compared to Rs 6.24 crore for the corresponding period last year.

P&G Q2 net up 11% to Rs 39.32 crore

Procter & Gamble Hygiene and Health Care has reported a 11 per cent increase in net profit to Rs 39.32 crore for the second quarter ended December 31, 2003 compared with Rs 35.35 crore in the corresponding period last year.

Net income from sales (less excise duty) rose 18 per cent at Rs 167.25 crore (Rs 141.32 crore). In the six month period ended December 31, net profit increased 12 per cent from Rs 54.89 crore to Rs 61.38 crore. The company's sales grew 19 per cent at Rs 296.38 crore (Rs 249.83 crore).

The board of directors appointed Pramod Agarwal as an additional director with effect from January 29. Other income for the second quarter ended December 31, 2003 increased to Rs 2.94 crore (Rs 0.49 crore).

Rallis in black, net at Rs 36 crore

Rallis India has reported a net profit of Rs 36.16 crore for the third quarter ended December 31, 2003 as compared to a loss of Rs 6.86 crore in the corresponding period last year.

Total exceptional items stood at Rs 52.62 crore, of which profit on sales of assets and investments stood at Rs 53.94 crore. Net sales declined to Rs 137.94 crore (Rs 206.16 crore). Other income stood at Rs 5.59 crore during the period under review. Total expenditure declined to Rs 146.98 crore as against Rs 204.82 crore.

Alstom Projects net surges to Rs 45.83 crore

Alstom Projects India has posted a net profit of Rs 45.83 crore for the third quarter ended 31 December 2003 as compared to Rs 7.6 crore for the quarter ended 31 December 2002.

Total income has increased from Rs 92.75 crore in Q3-02 to Rs 162.28 crore in the quarter ended 31 December 2003.

Bongaigaon Ref net up to Rs 95.13 crore

Bongaigaon Refinery & Petrochemicals has posted a net profit of Rs 95.13 crore for the quarter ended 31 December 2003 as compared to Rs 6.01 crore for the quarter ended 31 December 2002.

Total income has increased from Rs 474.91 crore in Q3-02 to Rs 736.82 crore in the quarter ended 31 December 2003.

Ispat in black, net at Rs 28.28 crore

Ispat Industries has recorded a net profit of Rs 28.28 crore for the third quarter ended December 31, 2003, against a net loss of Rs 17.95 crore in the corresponding quarter of the previous year.

The company's net sales rose 39.5 per cent at Rs 1169.06 crore (Rs 837.7 crore). Interest charges declined 16.6 per cent at Rs 78.16 crore (Rs 93.76 crore), while depreciation costs remained flat at Rs 53.62 crore (Rs 53.67 crore).

For the nine months ended December 31, 2003, net profit was at Rs 17.94 crore, against a net loss of Rs 100.48 crore in the corresponding period of the previous year.

Net sales for the period rose 28.9 per cent to Rs 2923.82 crore (Rs 2266.96 crore). Production of hot rolled coils increased by 33 per cent.

OBC net profit rises 25%

Oriental Bank of Commerce posted a net profit of Rs 152.22 crore for the third quarter ended 31 December 2003, up 25 per cent compared to Rs 121.57 crore for the quarter ended 31 December 2002.

Total income, however, has decreased from Rs 999.29 crore in the Q3-02 to Rs 988.45 crore in the quarter ended 31 December 2003.

Sterlite Optical in black

Sterlite Optical Technologies has posted a net profit of Rs 19.32 crore in the third quarter ended December 2003 as compared with a huge loss of Rs 20.80 crore in corresponding period of the previous year.

Total income (net of excise) has declined 23 per cent to Rs 24.25 crore (Rs 31.55 crore). The board of directors has appointed Pravin Agarwal as additional director.