OTHERS

P & G Q3 net profit up 20 p.c.

Procter & Gamble Hygiene and Health Care has reported a net profit of Rs. 20.82 crores for the third quarter ended March 31, 2001 against Rs. 17.36 crores in the corresponding period in the previous year, an increase of 20 per cent.

Net sales were Rs. 101.12 crores against Rs. 130.76 crores. Other income accounted for Rs. 3.87 crores (Rs. 1.49 crores). The company registered a growth of 5.5 per cent in the core businesses of feminine hygiene and healthcare after removing the impact of divestiture of the clearasil business and other contract manufacturing items. The same for the corresponding period in the previous year includes sales of shampoos and clearasil.

According to Mr. Bharat Patel, Chairman, the feminine hygiene business continue to grow. The healthcare business has increased its sales despite competition and general slowdown affecting the FMCG sector.

The provision for depreciation is Rs. 6.95 crores (Rs. 5.87 crores) and taxation Rs. 5.73 crores (Rs. 3.85 crores). Interest charges claimed Rs. 67 lakhs formerly.

Hero Honda

Hero Honda Motors has achieved a net profit of Rs. 246.87 crores in the 12 months ended March 31, 2001 against Rs. 192.08 crores in 1999-2000, according to a company release. Net sales have risen by 41 per cent to Rs. 3,170.91 crores from Rs. 2,248.17 crores.

The company has announced a dividend of 150 per cent that is Rs. 3 per share of Rs. 2 against a dividend of 100 per cent last year.

The profit, before depreciation and taxation has increased to Rs. 435.66 crores from Rs. 319.29 crores. Interest charges claimed Rs. 2.53 crores (Rs. 4.71 crores).

The provision for depreciation is Rs. 44.27 crores (Rs. 34.67 crores) and taxation Rs. 130.08 crores (Rs. 92.54 crores). Reserves, excluding revaluation reserve, stood at Rs. 589.25 crores against the paid up capital of Rs. 39.94 crores.

Mr. Brijmohan Lall Munjal, Chairman and Managing Director, Hero Honda Motors, said ``It is the right product strategy, concerted marketing thrust and above all total customer focus in delivering high value for money that has resulted in such a high growth. In a highly competitive environment we have continued to achieve industry leading growth, profitability and increased market share. Moreover, Hero Honda has continued access to Honda Japan's Research & Development in motorcycle technology.''

Mr. Pawan Kant Munjal, Director and CEO, said ``Motorcycles today account for 61 per cent the total two wheeler segment and the share is increasing. Our target for the next two years is to sell more than 1.5 million motorcycles and we shall invest a sum of Rs. 300 crores to increase capacity and introduce new models.''

In the quarter ended March 31, 2001, the company achieved a turnover of Rs. 860.22 crores against Rs. 594.91 crores) and the net profit, before depreciation and taxation of Rs. 115.46 crores against Rs. 105.70 crores. The profit before tax was lower at Rs. 89.03 crores against Rs. 93.69 crores, after providing Rs. 14.44 crores(nil) for diminution in value on reclassification of investment. Taxation claims Rs. 32.91 crores (Rs. 31.44 crores). The profit after tax for the three months period ended March 31, 2001 was Rs. 56.12 crores against Rs. 62.25 crores in the corresponding period in 1999-2000.

Siemens

Siemens has achieved a net profit of Rs. 38.60 crores on a turnover of Rs. 5217.10 crores in the first half year ended March 31, 2001 against Rs. 35.70 crores and Rs. 509.70 crores respectively in the corresponding period.

The company received fresh orders worth Rs. 549 crores during this period. The unexecuted order stood at Rs. 868 crores as on March 31, 2001. The major contributors were automation and drives, power transmission and distribution and medical solutions.

Burroughs Wellcome

Burroughs Wellcome India has posted a 2.61 per cent fall in net profit at Rs. 2.61 crores for the first quarter ended March 31, 2001 against Rs. 2.68 crores in the same period of previous fiscal.

Total income in Q1 was up by 6.53 per cent at Rs. 32.28 crores against

Rs. 30.30 crores in same period of last year, the company said in a notice to Bombay stock exchange here.

VisualSoft Technologies

VisualSoft Technologies has reported a turnover of Rs. 131.36 crores from software sales and a net profit of Rs. 61.78 crores (before extraordinary items) for the year ended March 2001. Other income accounted for Rs. 4.24 crores (Rs. 2.25 crores). The growth in total income was 93 per cent, and net profit 116.87 per cent.

For the corresponding period of the previous year, software sales were Rs. 67.98 crores and net profit Rs. 28.38 crores. For the fourth quarter ended March 2001, income from software was Rs. 34.34 crores against Rs. 22.20 crores, and the net profit Rs. 15.68 crores against Rs. 9 crores. Other income accounted for Rs. 18 lakhs (Rs. 67 lakhs).

Product related sales accounted for Rs. 62 crores in the full year and Rs. 12.79 crores in the fourth quarter. The growth in product sales was lower at 10 per cent in the fourth quarter (over fourth quarter of the previous year), due to the economic slowdown in western countries and due to the overall slowdown in the IT sector, the company said, in a press release.

Duncans Ind.

G.P. Goenka flagship Duncans Industries has reported a meagre Rs. 53 lakh net profit during the fourth quarter ended March 31, 2001, down by about 90 per cent compared with Rs. 5.12 crores in the corresponding quarter of the previous year.

``Tea prices remained depressed till mid-December 2000 and adversely affected the profitability," according to a company official.

The position was further aggravated by an industry-wise wage settlement reached in February this year enhancing significantly wage rates at the West Bengal tea gardens.

For the 12-months ended March 2001, the company's net profit dipped to Rs. 11.60 crores from Rs. 31.94 crores during the same period of previous fiscal. The company has extended its current accounting year to span a period of 18 months from April 2000 to September 2001.

Total income during the quarter came down to Rs. 271.84 crores from Rs. 341.77 crores in the corresponding quarter of previous fiscal, but stood marginally higher at Rs. 1,164.83 crores during the 12-month period against Rs. 1,162.17 crores.

Officials said Government restrictions and strained market conditions continue to inhibit the fertiliser business potential of the company.

Infotech Enterprises

Infotech Enterprises has reported revenues of Rs. 58.21 crores and a net profit of Rs. 17.23 crores for the year ended March 2001, reflecting a growth of 72 per cent and 67 per cent respectively over the previous year.

For the quarter ended March 2001, revenue was Rs. 17.73 crores and the net profit Rs. 4.20 crores. The consolidated results (including its wholly owned subsidiaries in the U.S. and Europe) show a revenue of Rs. 91 crores and a PAT of Rs. 16.36 crores. A dividend of 22 per cent was announced.

Addressing a press conference here, Mr. B. V. R. Mohan Reddy, Managing Director, said the slowdown in the U.S. did not impact them, as they had no exposure to body shopping and dotcom companies.

As a percentage of total revenue, the U.S. and Canada's contribution decreased from 88 per cent to 75 per cent. Revenue from Asia business went up to Rs. 320 lakhs (Rs. 83 lakhs), the U.S. to Rs. 43.80 crores (Rs. 29.50 crores), and Europe to Rs. 10.91 crores (Rs. 3 crores). Confirmed orders on hand were Rs. 70 crores for this financial year.

Ram Informatics

Ram Informatics has reported a loss of Rs. 92 lakhs on income from operations of Rs. 286 lakhs for the quarter ended March 2001. For the corresponding period of the previous year income was Rs. 267 lakhs and the net profit Rs. 22.59 lakhs.

For the year ended March 2001, income was Rs. 12.35 crores (Rs. 8.75 crores) and the net profit Rs. 77 lakhs (Rs. 124 lakhs), according to a press release.

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