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May 24, 2000
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| Carborundum Universal FY 2000 Net Profit at Rs 259.50 million
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Carborundum Universal Ltd has announced a net profit of Rs 259.50 million for the year ended March 31, 2000 as compared to Rs 196.60 million for FY 99. The sales for the year ended March 31, 2000 are Rs 2579.60 million as compared to Rs 2510.20 million for FY 99.Other income is Rs 171/- million (Rs 106.60 million for MQ 99).
The Directors have recommended a final dividend of 10% which together with the interim dividend of 50% works out to a total dividend of 60% for the year ended March 31, 2000 as against 50% for the previous year.
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| Rolta AGM approves hike in FII limit
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At the AGM of Rolta India Ltd held today (May 24, 2000) the following special business were passed unanimously.
1. To issue 50,00,000 equity shares or upto US $ 15,00,00,000 which ever is higher in one or more tranches in International /Domestic market by way of public/private offerings.
2.To increase the limit for investment in the equity shares of the company by FII's upto a maximum aggregate limit of 40% of the paid up capital of the company.
3. To issue upto 15,00,000 equity shares of the company under ESOP
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| Punjab Tractors Board to consider Bonus Issue
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The Board of Directors of Punjab Tractors Ltd will meet on June 3, 2000 to
1. Approve the audited results for the year ended March 31, 2000
2. Consider Issue of Bonus Shares
3. Consider Dividend on Equity Shares
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| Samtel India FY 2000 Net Profit at Rs 1.10 million |
| Samtel India Ltd. has announced a net profit of Rs 1.10 million for the year ended March 31, 2000 as against a net loss of Rs 47.10 million in FY 99.The sales have increased from Rs 1153.70 million in FY 99 to Rs 1417.80 million in FY 2000.Other income is Rs 93.20 million (FY 99 Rs 34.30 million). |
| ITC Net profit up by 27%, net sales up 9%, recommends 75% dividend |
Tobacco major ITC Ltd has reported a 27% growth in the net profits for the year ending March 31, 2000. The net profit for the year stood at Rs 7924.40 million as against Rs 6234.20 million in FY 99. The net sales for the year were 38191.70 million as against Rs 35159.20 million, a growth of 8.63%. The other income for the year is Rs 1163.10 million (FY 99 Rs 1217.90 million). The gross sales for the year were Rs 80693.70 million as compared to Rs 77009.60 million in the last year. The profit before tax is Rs 12289.50 million, 31.01% higher than Rs 9380.30 million earned in the last year. The provision for tax is Rs 4365.10 million (FY 99 Rs 3146.10 million). Provision for Taxation for the year includes adjustments relating to previous years being excess net provision for tax Rs 551.20 million (Previous year Rs Nil).
The Board of Directors has recommended a dividend at the rate of Rs 7.50 per share for the financial year ending March 31, 2000. |
| Dhanalakshmi Bank MQ 2000 Net Profit at Rs 30.90 million |
| The Dhanalakshmi Bank Ltd has announced a net profit of Rs 30.90 million for the quarter ended March 31, 2000 as compared to Rs 22.90 million in MQ 99. The sales have increased by 21.85% from Rs 361.60 million in MQ 99 to Rs 440.60 million in MQ 2000. Other income is Rs 100.20 million (MQ 99 Rs 42.90 million). The bank has reported a 191.47% increase in net profits from Rs 38.70 million in FY 99 to Rs 112.80 million for the year ended March 31, 2000. The sales for the year ended March 31, 2000 are at Rs 1631.50 million as compared to Rs 1423.90 million for FY 99. |
| Denso FY 2000 Net Profit at Rs 14.30 million |
| Denso India Ltd has announced a net profit of Rs 14.30 million for the year ended March 31, 2000 as compared to Rs 1.80 million in FY 99. The sales for the year ended March 31,2000 are up by 16.39% at Rs 1663.50 million as compared to Rs 1429.90 million for FY 99.Other income is Rs 12.90 million (FY 99 Rs 11.90 million). The company's paid up capital has increased from Rs 181.30 million to Rs 278.80 million due to preferential issue of equity shares to Denso Corporation, Asmo Co. Limited, Sumitomo Corporation, Japan and Maruti Udyog Limited. Consequently the reserves have also increased from Rs 356.50 million to Rs 651.20 million.
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| MCS FY 2000 Net Profit at Rs 1.95 million |
| MCS Ltd has announced a net profit of Rs 1.95 million for the year ended March 31, 2000 as compared to Rs 1.31 million in FY 99.The sales for the year ended March 31,2000 are up by 20.45% at Rs 319.31 million as compared to Rs 265.09 million for FY 99. Other income is Rs 4.63 million (FY 99 Rs 2.16 million). |
| Indal FY 2000 Net Profit at Rs 839.40 million |
| Indian Aluminium Company Ltd has announced a net profit of Rs 839.40 million for the year ended March 31, 2000 as compared to Rs 763.30 million for FY99. The sales for the year ended March 2000 are marginally up by 2.74% at Rs 10496.50 million as compared to Rs 10216.40 million for FY 99. The FOB value of exports stood at Rs 2566 million in FY 2000 as compared to Rs 1825.40 million in FY 99. Other income is Rs 55/- million (FY99 Rs 119.50 million). |
| Archies Greetings forms subsidiary for E-Commerce activities |
| The Board of Directors of Archies Greetings & Gifts Ltd at its meeting held today May 24, 2000 has decided to make Archies Online.Com Ltd as its subsidiary to start E-Commerce and internet activities. |
| ITW Signode FY 2000 Net Profit at Rs 145.50 million |
| ITW Signode Ltd has announced a net profit of Rs 145.50 million for the year ended March 31, 2000 as compared to net loss of Rs 264.40 million for FY 99. The sales for FY 2000 are up by 7.77% at Rs 1838/- million as compared to Rs 1705.50 million for FY99.Other income for the year ended March 31, 2000 is Rs 43.50 million (Rs 19.70 for FY 99). |
| Special Margin imposed on ICES software |
| BSE has imposed a special margin of 25% on ICES Software Ltd wef May 24, 2000 |
| BSE to shift 22 scrips from 'Z' Group to 'B-2 Group' |
The following companies will be shifted from 'Z' Group to 'B-2' wef May 29,2000
No Name of the Company Scrip Code
1.Asian Independent Network Ltd. 19485
2.Axel Polymers Ltd. 13642
3.Axon Infotech Ltd. 5506
4.Brindavan Gardens Ltd. 30651
5.CSJ Agros Ltd. 31943
6.Design Auto Systems Ltd. 20125
7.Esskay Telecom Ltd. 31478
8.ETP Corporation Ltd. 12127
9.Gem Eyeadorns Ltd. 23892
10.Magicut Tools Ltd. 31972
11.Majjarsha Housing Finance Ltd. 11447
12.Mardia Extrusions Ltd. 30113
13.Moh Granites Ltd. 32089
14.Musk Exports Marketing Ltd. 32118
15.Nilchem Capital Ltd. 31470
16.Orind Exports Ltd. 12616
17.Orion Acids & Chemicals Ltd. 24450
18.Overseas Cables Ltd. 17376
19.Prag Bosimi Synthetics Ltd. 192
20.Pushpanjali Floriculture Ltd. 32159
21. Shri Lakhavi Financial Services Ltd. 30697
22. Stotz-Blacksmiths Ltd. 32115
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| Integrated Rubian MQ 2000 Net Profit at Rs 5.60 million |
| Integrated Rubian Exports Ltd has announced a net profit of Rs 5.60 million for the quarter ended March 31, 2000.The sales for MQ 2000 are Rs 75.80 million and Other income is nil. The profits for the year ended March 31,2000 are down by 62.62% at Rs 4/- million as against Rs 10.70 million for FY 99.The sales for the year ended are also down by 11.68% at Rs 234.50 million as compared to Rs 265.50 million for FY 99. |
| India Cements Capital net profit at Rs 9.60 million |
India Cements Capital & Finance Ltd has announced a net profit of Rs 9.60 million for the six months period ended March 31, 2000. The gross income for the said period is at Rs 148.54 million .The interest expended for the said period is at Rs 79.10 million
The financial year of the company has been changed from October -September to April-March to fall in line with the Reserve Bank of India directions. Accordingly, the current financial period is from October 1999 to March 2000.The rating for the company's fixed deposit scheme has been upgraded to Ind AA- (FD) by Duff & Phelps Credit Rating India Pvt. Ltd. |
| Hoganas India MQ 2000 Net Profit at Rs 9.04 million |
Hoganas India Ltd has announced a net profit of Rs 9.04 million for the quarter ended March 31, 2000 as against Rs 9.29 million in MQ 99. The sales for MQ 2000 are 1.31% up at Rs 82.46 million. Other income is Rs 1.77 million (FY 99 Rs 2.37 million). The profits for the year ended March 31, 2000 are higher by 8.92% from Rs 28.43 million in FY 99 to Rs 30.96 million. The sales for FY 2000 are at Rs 297.20 million as compared to Rs 276.10 million in FY 99.
The Board of Directors has recommended a final dividend of Rs 1 per share. |
| Bhushan Steel FY 2000 Net Profit at Rs 446/- million |
| Bhushan Steel & Strips Ltd. has announced a net profit of Rs 446/- million for the year ended March 31, 2000 as against Rs 405.30 million in FY 99. The sales for FY 2000 are 24.11% up at Rs 8389.10 million. Other income is Rs 12.40 million (FY 99 Rs 9.20 million). |
| Ananthi Constructions FY 2000 Net Profit at Rs 0.39 million |
| Ananthi Constructions Ltd. has announced a net profit of Rs 0.39 million for the year ended March 31, 2000 as against Rs 0.12 million in FY 99. The sales for FY 2000 are 38.90% up at Rs 19.15 million. Other income is Rs 0.02 million (FY 99 Rs 0.01 million). |
| Priya MQ 2000 Net Profit at Rs 0.36 million |
| Priya Ltd (formely known as Priya Dyes & Chemicals Ltd) has announced a net profit of Rs 0.36 million for the quarter ended March 31, 2000 as against Rs 3.38 million in MQ 99. The sales for MQ 2000 are up by 25.06 % at Rs 377.65 million as compared to Rs 301.97 million in MQ99. Other income is Rs 3.49 million (MQ 99 Rs 1.52 million). The net profit for the year ended March 31, 2000 is at Rs 16.24 million as compared to Rs 9/- million for FY 99.The sales have increased by 25.24% from Rs 1161.38 million in FY 99 to Rs 1458/- million in Rs FY 2000. |
| VIP Industries FY 2000 Net Profit at Rs 124.80 million |
VIP Industries Ltd. has announced a net profit of Rs 124.80 million for the year ended March 31, 2000 as against Rs 85.50 million in FY 99. The sales for FY 2000 are up by 7.78% at Rs 2816 million. Other income is Rs 65.50 million (FY 99 Rs 67 million).
The Board has recommended that interim Dividend of Rs 2.50 per share (25%) declared at the Board Meeting held on 30th March 2000 be taken as final dividend for the year 1999-2000. The aggregate amount of dividend inclusive of tax @ 11% is Rs 416.25 lacs.
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| GIC Housing Finance MQ 2000 Net Profit at Rs 8.10 million |
GIC Housing Finance Ltd. has announced a net profit of Rs 8.10 million for the quarter ended March 31, 2000 as against a net loss of Rs 51.40 million in MQ 99. The operating income for MQ 2000 is up by 43.08 % at Rs 214.90 million as compared to Rs 150.20 million in MQ99. Other income is Rs 13.70 million (MQ 99 Rs 5.70 million). The net profit for the year ended March 31, 2000 is at Rs 39.40 million as compared to Rs 44.30 million for FY 99.The operating income has increased by 8.56% from Rs 750.80 million in FY 99 to Rs 815.10 million in Rs FY 2000.
The Board of Directors of GIC Housing Finance Ltd has recommended a dividend of 10% subject to approval of shareholders. Sanctions and Disbursements for the year ended on 31st March, 2000 under APNA GHAR YOJANA (individual Housing Loans) are higher by 47.09% and 28.80% respectively as compared to the corresponding period of the previous year.
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| Blow Plast FY 2000 Net Profit at Rs 60.50 million |
Blow Plast Ltd. has announced a net profit of Rs 60.50 million for the year ended March 31, 2000 as against Rs 75.60 million in FY 99. The sales for FY 2000 are down by 7.89% at Rs 2475.10 million. Other income is Rs 35.70 million (FY 99 Rs 24.10 million).
The Board has recommended that interim Dividend of Rs 2.50 per share (25%) declared at the Board Meeting held on 30th March 2000 be taken as final dividend for the year 1999-2000. The aggregate amount of dividend inclusive of tax @ 11% is Rs 444.00 lacs.
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| TVS Srichakra FY 2000 Net Profit at Rs 97.72 million |
TVS Srichakra Ltd. has announced a net profit of Rs 97.72 million for the year ended March 31, 2000 as against Rs 95.06 million in FY 99. The sales for FY 2000 are 3.79% up at Rs 1406.84 million. Other income is Rs 16.14 million (FY 99 Rs 29.58 million).
The plant capacity has been increased from 45 lakhs nos. of tyres and tubes each per annum to 53 lakhs nos. of tyres and tubes each per annum, during the year ended 31st March 2000.
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