1:1 bonus from Blue Dart Express

Air express and logistics company, Blue Dart Express has recorded a 87 per cent jump in its net profit for the year ended March 31, 2001 at Rs. 23.03 crores against Rs. 12.31 crores in last fiscal.

The board has announced a dividend of 35 per cent against 20 per cent last fiscal and recommended the issue of bonus shares in the ratio of one share for every equity share held.

Total income went up by 25.1 per cent to Rs. 256.71 crores from Rs. 205.18 crores The operating margins have improved by 3 per cent to 16 per cent.

The growth is attributed to the enhanced net service levels, product innovation, expansion of domestic network and fleet capacity.

Wellwin Industry

Wellwin Industry has reported higher turnover and profits for the six months ended March 31, 2001. Net sales were higher at Rs. 47.44 crores against Rs. 25.55 crores.

The gross profit, before depreciation and taxation has increased to Rs. 6.09 crores from Rs. 4.89 crores. The provision for depreciation is Rs. 70.13 lakhs (Rs. 64.89 lakhs) and taxation Rs. 55 lakhs (Rs. 50 lakhs).

Tata Finance

The net profit of Tata Finance has declined by 76.64 per cent to Rs. 4.42 crores in the third quarter ended March 31, 2001 against Rs. 18.95 crores in the corresponding period of previous fiscal.

Income from operations in Q3, however, rose 10.46 per cent to Rs. 140.20 crores from Rs. 126.92 crores in the same period of last year. Other income has dropped by 84.59 per cent to Rs. 5.56 crores from Rs. 36.13 crores.

For the nine months ended March 31, the net profit was Rs. 23.23 crores against Rs. 42.43 crores. Income from operations is higher at Rs. 423.74 crores against Rs. 381.04 crores.

BSL

BSL, a company belonging to the Rs.1,580 crore LNJ Bhilwara group has achieved 14 per cent increase in net profit at Rs. 5.53 crores against Rs. 4.86 crores. The turnover was higher at Rs. 164 crores against Rs. 153 crores.

In the midst of the current slowdown in the textile industry, exports of BSL have shown an upward trend at Rs. 51 crores against Rs. 45 crores, an increase of 13 per cent. ``In these difficult times, exports is a major avenue of hopes for BSL, said Mr. A. K. Churiwal, Chairman and Managing Director.

CRISIL

The board of directors of The Credit Rating Information Services of India Limited (Crisil). The total income was Rs. 51.54 crores against Rs. 40.33 crores in the previous year.

After providing for depreciation of Rs. 5.38 crores against (Rs. 2.94 crores) and taxation of Rs. 3.72 crores (Rs. 6.31 crores), the net profit after tax was Rs. 9.66 crores (Rs. 12.92 crores). The EPS stood at Rs. 15.59 against Rs. 20.84 last year.

The Directors have maintained the dividend at 55 per cent. The Board also approved increasing the shareholding limit for foreign institutional investors (FIIs) to 49 per cent and for non resident Indians (NRIs) and overseas corporate bodies (OCBs) to 24 per cent subject to the approval of the members at the annual general meeting.

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Section  : Business
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