Colgate H1 net at Rs. 31 cr.

Colgate-Palmolive (India) has achieved a net profit of Rs. 31 crores in the half year ended September 30, 2000 against Rs. 25.40 crores in the same period in 1999-2000. Net sales and other income have risen to Rs. 595 crores from Rs. 560.10 crores.

The provision for depreciation is Rs. 9.30 crores (Rs. 12.90 crores) and taxation Rs. 18.30 crores (Rs. 17.80 crores).

In the second quarter, the company achieved a turnover of Rs. 304 crores agaisnt Rs. 275.70 crores and a profit after tax of Rs. 17.60 crores against Rs. 13.30 crores.

Essar Steel

Essar Steel has posted a net profit of Rs. 5.89 crores in the half year ended September 30, 2000 against a loss of Rs. 279.51 crores in the corresponding period last year.

The gross profit is also up by 306 per cent at Rs. 391.68 crore against Rs. 96.46 crores in the corresponding period last year. After providing for interest of Rs. 200.41 crores (Rs. 198.12 crores in half year 1999), depreciation/amortisation and deferred revenue expenses of Rs. 185.38 crores (Rs. 177.85 crores in half year 1999), the company posted a net profit of Rs. 5.89 crores against a loss of Rs. 279.51 crores in the corresponding period last year.

In the second quarter of financial year 2001, the total income went up by 33 per cent to Rs. 701.97 crores from Rs. 527.15 crores in the second quarter of 1999. The company posted a gross profit of Rs. 167.28 crores against Rs. 52.57 crores in the corresponding period last year. The net profit stood at Rs. 1.06 crores against a loss of Rs. 141.55 crores in the corresponding period last year.

Ramco Industries

Ramco Industries has reported higher turnover and profits in the half year ended September 30, 2000. The turnover has risen to Rs. 77.65 crores from Rs. 74.07 crores and the gross profit, before depreciation and interest charges to Rs. 19.39 crores from Rs. 15.24 crores. Interest charges claimed Rs. 4.55 crores (Rs. 4.85 crores). The provision for depreciation is Rs. 2.92 crores (Rs. 2.42 crores) and taxation Rs. 1.18 crores (Rs. 56 lakhs). The profit after was higher at Rs. 10.74 crores against Rs. 7.41 crores.

Munoth Financial Services

Munoth Financial Services has reported a total income of 1.37 crores and a gross profit of Rs. 68.27 lakhs in the half year ended September 30, 2000 against Rs. 39.19 lakhs and Rs. 15.89 lakhs respectively in the same period last year. The company commenced broking operations in Bangalore and would shortly enter Jaipur, according to a press release. Its application for deemed FII status has been cleared by the Securities and Exchange Board of India and the Reserve Bank has accorded FEMA approval. It would now be able to handle portfolios of foreign individuals and foreign corporates.

Zydus Cadila

Zydus Cadila has posted a 60 per cent increase in its net profit to Rs. 37.65 crores for the first half ended September 2000 as compared to Rs. 23.61 crores for the corresponding half last year. The turnover grew by 13 per cent to Rs. 277.84 crores from Rs. 245.63 crores for the same period. The profit before depreciation, interest and tax of the company has grown by 32 per cent to Rs. 51.07 crores, showing considerable improvement in operational efficiency.

With a focus on therapy management, Zydus Cadila has been growing at the rate of 15.34 per cent, outpacing the industry growth rate of 10.66 per cent. The new launches of the group in the cardiovascular, gastrointestinal, anti-inflammatory and anti- infective segments have

contributed significantly to the company's growth.

Nagarjuna Fertilizers

Nagarjuna Fertilizers and Chemicals (NFCL) has achieved a total income of Rs. 444.80 crores in the second quarter ended September 30, 2000 against Rs. 444.89 crores. The profit before tax was lower at Rs. 26.90 crores against Rs. 30.25 crores.

For the half year ended September 30, the turnover was lower at Rs. 660.35 cores against Rs. 673.71 crores and the profit before tax at Rs. 38.04 crores against Rs. 54.23 crores. Production for the half year however went up marginally to 6.58 lakh tonnes against 6.46 lakh tonnes.

A company press release said the Dr. Y. K. Alagh Committee on capacity utilisation of urea plants notified the revised price for both the plants of NFCL effective April 1,2000. The company has reckoned the subsidy income on the urea dispatches from both the plants based on the revised notified price, it said. Provision for income tax will be computed and provided in the accounts for the year.

IMPAL

India Motor Parts & Accessories (IMPAL) has achieved a higher net profit of Rs. 3.37 crores in the half year ended September 30, 2000 against Rs. 3.08 crores in the corresponding period in 1999- 2000. Net sales were lower at Rs. 92.86 crores against Rs. 95.76 crores. Other income accounted for Rs. 40.90 lakhs (Rs. 40.72 lakhs). Interest charges claimed Rs. 2.44 lakhs (Rs. 32.01 lakhs), depreciation Rs. 32.09 lakhs (Rs. 25.45 lakhs) and taxation Rs. 2.03 crores (Rs. 1.93 crores).

In the quarter ended September 30, 2000, net sales were Rs. 43.58 crores (Rs. 46.15 crores). Other income was Rs. 14.81 lakhs (Rs. 32.64 lakhs). The net profit was Rs. 1.48 crores against Rs. 1.55 crores.

Apollo Hospitals

Apollo Hospitals Enterprises has achieved higher income and profits in the half year ended September 30, 2000. The total income was Rs. 15.71 crores against Rs. 13.20 crores and the gross profit, before depreciation and taxation Rs. 2.91 crores against Rs. 2.19 crores. After providing Rs. 75.65 lakhs (Rs. 58.83 lakhs) for depreciation and Rs. 60 lakhs (Rs. 42.56 lakhs) for taxation, the net profit stood higher at Rs. 1.56 crores against Rs. 1.18 crores.

In the quarter ended September 30, 2000, total income was Rs. 8.12 crores against Rs. 6.92 crores, the gross profit, before depreciation and taxation Rs. 1.53 crores (Rs. 1.20 crores). The profit after taxation is higher at Rs. 82.94 lakhs against Rs. 55.48 lakhs.

The company has embarked on augmenting capacity at its existing facilities and has launched a state-of-the art international dental clinic with a world class dental laboratory in Chennai.

DSQ Software

DSQ Software has registered a turnover of Rs. 103.65 crores in the second quarter ended September 30, 2000 against Rs. 38.25crores and the gross profit before depreciation and interest charges has risen sharply to Rs. 39.85 crores from Rs. 13.59 crores. There is no claim towards interest charges against Rs. 4.60 crores in the same period last year. The provision for depreciation is Rs. 13.05 crores (Rs. 7.63crores). The net profit has risen impressively to Rs. 26.80 crores from Rs. 1.36 crores working out to 26 per cent of net sales. The current accounting period has been extended to cover 18 months ending December 2000.

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