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Century Textiles: Disappointing performance

May 29, 2000

Century Textiles has posted a net profit of Rs 345 m for the year ended 31st December. However, the profits are largely on account of extraordinary income and alteration in other accounting practices (pertaining to depreciation largely).

Birla Corporation trims losses in FY00

Apr 25, 2000

Birla Corporation has posted a sharp improvement in operating profits during the financial year ended 31st March 2000. The company has benefited from better operating margins as realizations grew faster than costs. Further more the decline in interest and depreciation expenditure also helped the company in trimming its losses.

DCM Shriram posts 22% decline in net

Jan 31, 2000

DCM Shriram Limited has posted a 22% decline in net profits during the quarter ended 31st December 1999. The company has suffered an erosion in operating margins and this has been largely responsible for the decline in profits. The rise in other income and the decline in interest expenditure has failed to arrest the decline in profits.

Better carbon black prices, higher insulator volumes help Indian Rayon

Jan 29, 2000

The above results are not comparable since the last quarter included the cement operations as well.

Birla Corp posts 14% decline in net

Jan 18, 2000

Birla Corporation has posted a 14.4% decline in net during the quarter ended 31st December 1999. The company has suffered on account of a rise in expenditure and an increase in interest expenditure. The company has however been able to trim its losses.

Rallis posts 13% decline in net

Oct 30, 1999

Rallis (India) has posted a 13% decline in net for the quarter ended 30th September 1999. The company suffered from increase in operating expenditure and higher interest and depreciation expenditure.

Balmer Lawrie maintains status quo in 2QFY2000

Oct 27, 1999

Balmer Lawrie has recorded an almost identical performance in the 2QFY2000 compared to the correponding period in 1998. Its net profit is up a measly 1% to Rs 17 m, on the back of a negligible decline in turnover to Rs 1,596 m.

Century sinks deeper into losses

Oct 26, 1999

Century Textiles posted loss of Rs 295 m in 2QFY2000. This is despite the fact that sales improved by 2.2%, interest and depreciation fell by 7.1% and 1.2% respectively.

Ind Rayon logs in a flat performance

Oct 26, 1999

Indian Rayon has recorded a flat performance during the second quarter. The company has however managed to marginally improve margins mainly due to a 33% decline in interest expenditure.

Voltas posts 88% drop in net

Oct 23, 1999

Voltas is currently undergoing a massive restructuring exercise under which it is rationalising its product portfolio. The decline in sales and profits is expected to cease once the company completes the exercise.

L&T finalises Orissa aluminium project

May 28, 1999

Larsen & Toubro (L&T) will confine its stake in the Orissa aluminium project to 26 per cent where the partner is tipped to be Billiton of South Africa. Two other world majors, one of which is rumoured to be Picheney of France, are in the running too but the mandate may go to Billiton, reports the Financial Express. L&T will kick off the project with a 50 per cent stake but will offload 24 per cent of its equity to its partner in about five years. The company has reiterated that its interests in

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