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Jul 29, 2000

BASF India has reported a 26% growth in first quarter earnings on a 21% growth in the sales. One of the reasons for the improved performance is the higher sales of agrochemicals in the first quarter. This however is a seasonal business and sales drop by almost 20% in the second half. (The agrochemical business contributes around 32% to the company's annual turnover.)

Clariant India: Ready for a take off?

May 30, 2000

Over the past few days the old economy stocks have begun to stage a comeback ostensibly on the ground that there is a recovery happening out there. This logically should lead to a cascading effect on industries that provide inputs to the major sectors. One such industry is the specialty chemicals industry that provides inputs to the leather, textiles, paper, paints, rubber, automotives, cosmetics and metal mining industries.

Colour Chem: Operating margins under pressure

May 26, 2000

Colour Chem has reported disappointing results for FY 2000. While the turnover has staganted operating margins have declined. The net profits have increased primarily due to the fact that last year the company gave a VRS to 443 persons and wrote off Rs 270 m in the income statement.

Ciba Speciality: Impressive performance decent valuations

May 10, 2000

An impressive performance for an old economy stock! While the turnover has grown by 47% the operating profit has gone up by 63% and the pre–tax profit has gone up by 53%.

Good results from Ciba

Jan 22, 2000

Ciba Speciality has reported good results for the quarter with a 76% growth in topline. However expenditure too has shot up by 73%. Thus operating profit margins exclusive of other income are up only marginally. The tripling of net profits is mainly on account of a 62% growth in other income to Rs. 39 m. Other income accounts for almost 46% of the company's pre-tax profits.

Ciba latches on to IDI

Dec 13, 1999

Ciba Specialty Chemicals India (Ciba India) has acquired the 49% holding of Indian Dyestuff Industries (IDI) in the 51:49 joint venture Pigment Specialities India.

Ciba Speciality net vaults 40%

Oct 26, 1999

Ciba Speciality posted net profit of Rs 42 m (up 40%) in 2QFY2000. Sales appreciated 73% to Rs 1.2 bn.

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