Corporate Scorecard

Bajaj Auto, the second largest two wheeler manufacturer, has posted a 32 per cent increase in net profit at Rs 161.06 crore in the first quarter of 2003-04 compared with Rs 121.81 crore in the corresponding year last year.

Total income rose 6 per cent from Rs 1,245.75 crore to Rs 1,317.51 crore during the period under review. The jump in profit was mainly because other income increased to Rs 101.69 crore from Rs 34.55 crore in the first quarter ended June 30, 2003.

This included dividends of Rs 41.46 crore (Rs 2.84 crore in first quarter ended June 30, 2002) and profit on sale of investments of Rs 33.88 crore.

 

Bajaj Auto posted a 39.04 per cent increase in net profit at Rs 169.59 crore on a consolidated basis in first quarter compared with Rs 121.97 crore posted during the same period of the previous fiscal.

Total income (net of excise) rose to Rs 1,197.27 crore during the quarter under review compared with Rs 1,107.81 crore posted during the first quarter of 2003-04.

ONGC bottomline up at 8% in Q1

State-run Oil and Natural Gas Corp has reported a 8 per cent increase in its net profit to Rs 2134.54 crore in the first quarter ended June 30, 2003 as opposed to Rs 1980.80 crore profits recorded in the same period last year.

Sales grew 12 per cent to Rs 7927.84 crore in April-June as compared to Rs 7056.22 crore in the same quarter a year ago, a company press statement said here.

GSK Consumer Q2 net profit flat

GlaxoSmithKline Consumer Healthcare has recorded a flat net profit of Rs 22.30 crore for the second quarter ended June 30, 2003, compared with Rs 22.20 crore in the quarter ended June 30, 2002. Gross sales rose 24 per cent to Rs 203.90 crore (Rs 160 crore). The board of directors has announced the first interim dividend at 33 per cent for the year 2003.

Corporation Bank Q1 net up 29%

Corporation Bank has registered to 28.7 per cent increase in net profit at Rs 126.43 crore for the first quarter ended 30 June 2003, compared to the corresponding period of the last year. The net worth of the bank touched Rs 2,497 crore.

Total income stood at Rs 663 crore when compared to Rs 638 crore in the corresponding period last year. The NPA ratio improved from 2.54 per cent to 1.59 per cent, while the NPA provision coverage improved from 57.98 per cent to 72.47 per cent. The gross profit per employee on an annualised basis is Rs 0.79 crore as against Rs 0.72 crore in June 2002.

Dena Bank Q1 shoots up by 727%

State-owned Dena Bank