Friday, Apr 18, 2003
Friday, Apr 18, 2003 |
| Business | ||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Science & Tech |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Business
By Our Corporate Reporter
CHENNAI, APRIL 17. NIIT has reported global system wide revenues of Rs. 216.30 crores in the second quarter ended March 31, 2003 against Rs. 189.20 crores in the corresponding quarter ended March 31, 2002, up 14 per cent on a year-on-year basis. Of this, NIIT Education accounted for Rs. 90.10 crores (Rs. 81.4 crores) and NIIT Technologies Rs. 126.20 crores (Rs. 107.8 crores. The consolidated operating profit was higher by 44 per cent at Rs. 21.8 crores against Rs. 15.10 crores. The net profit of NIIT rose to Rs. 6.40 crores in the second quarter from Rs. 2 crores on a net revenue of Rs. 89.40 crores against Rs. 89 crores in the same quarter previous year. Commenting on the Q2 performance, Rajendra S. Pawar, Chairman, NIIT, said, "We achieved steady growth in line with our projections, as a consequence of strategies implemented by us last year."
1:1 bonus from MphasiS
The board of directors of MphasiS BFL has proposed a bonus issue in the ratio of one share for every share held. The paid up capital would double to Rs. 34.65 crores consequent to the bonus issue, according to a company release.
GlaxoSmithKline
Despite continued recession in the FMCG industry, GlaxoSmithKline Consumer Healthcare (GSKCH), the nutritional healthcare leader has retained its market share during the quarter and reported a considerable improvement in utilisation of working capital. The turnover for Q1, 2003 declined marginally to Rs. 185.60 crores from Rs. 189.54 crores in the previous year. The profit before tax on exceptional items stood at Rs. 29.52 crores against Rs. 46.51 crores. The net profit after taxation was Rs. 18.17 crores against Rs. 29.44 crores.
Thiagarajar Mills
Thiagarajar Mills has increased the dividend to Rs. 36 per share for the year ended March 31, 2003 from Rs. 23 per share in the previous year. Despite a drop in selling prices sales have risen by 20 per cent to Rs. 146.13 crores from Rs. 121.43 crores. The gross profit before depreciation and interest charges was sharply higher at Rs. 29.84 crores against Rs. 19.08 crores. Depreciation claimed Rs. 10.11 crores (Rs. 9.68 crores) and taxation (net of deferred tax) Rs. 3.75 crores (Rs. 1.22 crores). The net profit was Rs. 15.98 crores (Rs. 8.18 crores).
Bharat Electronics
Bharat Electronics has registered a 39 per cent increase in estimated gross profit at Rs. 395 crores in the 12 months ended March 31, 2003 against Rs. 285 crores. The turnover of Rs. 2,571 crores, was higher by 32 per cent over the previous year. All nine units of the company registered profits and the company ended the year with the highest ever provisional order book position of Rs. 6930 crores. Exports were higher by 56 per cent at Rs. 47 crores. The export order book was placed at Rs. 34 crores as on March 31, 2003.
MRF
MRF has announced an interim dividend of 30 per cent for the year ending September 30, 2003. In the three months ended March 31, 2003 the company has reported net sales of Rs. 622.35 crores against Rs. 531.08 crores while the net profit stood at Rs. 17.45 crores against Rs. 13.34 crores in the same period in the previous year.
Cosmo Films
Cosmo Films has announced a dividend of 45 per cent for the year ended March 31, 2003 on equity capital doubled by the issue of bonus shares against 40 per cent on the old capital in 2001-02. The company achieved a net profit of Rs. 39.98 crores against Rs. 17.60 crores. Gross income was Rs. 320.28 crores against Rs. 148.65 crores and the profit before depreciation and taxation Rs. 83.37 crores (Rs. 36.17 crores).
GTL
The consolidated net profit of GTL for the year ended March 31, 2003 was Rs. 80.26 crores against Rs. 109.42 crores in the previous year. Total net sales and services rose to Rs. 640.49 crores from Rs. 547.80 crores. The group posted a net profit of Rs. 20.12 crores in the fourth quarter ended March 31, 2003 against Rs. 28.41 crores. Total net sales and services rose to Rs. 189.02 crores from Rs. 139.38 crores in the quarter under review.
Printer friendly
page
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Science & Tech |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
