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Cipla net profit at Rs 73.7 cr

Oct. 22: Cipla Ltd has registered a 21.89 per cent increase in net profit at Rs 73.66 crore for the second quarter ended September 30 as compared with Rs 60.43 crore in the same period previous year. Net sales stood at Rs 394.34 crore in the reporting second quarter as against Rs 341.06 crore in the same period of the corresponding year, Cipla informed the Bombay Stock Exchange here today.

The other income has decreased to Rs 4.09 crore in the current quarter over Rs 7.92 crore in the second quarter of 2001, it added.

Godrej Consumer net

Godrej Consumer Products Ltd (GCPL) has reported a 15 per cent rise in net profit at Rs 14.02 crore for second quarter ended September 30, 2002, compared with Rs 10.66 crore in the same period of previous fiscal.

The sales (net of excise duty) in the period under review grew by 16 per cent at Rs 118.64 crore as against Rs 101.86 crore in the second quarter of last year. The board announced a 50 per cent interim dividend (Rs 2 per share) for fiscal 2002-03 entailing a total outlay of Rs 11.6 crore. The total dividend for the current year till date is 100 per cent.

For the half year ended September, the net profit rose to Rs 26.79 crore (Rs 19.83 crore in the fist half of fiscal 2001-02) while sales also increased to Rs 233.51 crore (Rs 228.73 crore).

The board has approved a third buyback from the open market at a price not exceeding Rs 175 per share and a maximum outlay of Rs 10 crore, subject to shareholders’ approval.

Crompton Greaves

Crompton Greaves Ltd (CGL) has posted a massive 212.60 per cent rise in net profit at Rs 23.32 crore for the second quarter ended September 30, 2002, compared with Rs 7.46 crore in same period of previous fiscal.

Total income in the period under review also increased to Rs 396.66 crore as against Rs 346.61 crore in the second quarter of the previous financial year, CGL informed the Bombay Stock Exchange today.

Balmer Lawrie H1 net

Even as the process of divestment of government stake in Balmer Lawrie continues, the company today announced a hefty over five-fold jump in its net profit in the first six months of the current financial year.

The company announced a 354.80 per cent jump in its second quarter net profit at Rs 4.20 crore compared with Rs 0.92 crore in the corresponding quarter of the previous fiscal which ultimately led to a 547 per cent increase in first half net profit at Rs 7.72 crore against Rs 1.19 crore during the same period of 2001-02.

BOC on recovery path

BOC India Limited has reported a net profit of Rs 1.51 crore during the second quarter of current fiscal against a net loss of Rs 3.53 crore in the corresponding quarter of previous fiscal.

Higher net sales of Rs 70.17 crore from Rs 68.34 crore and a sharp reduction in interest charges from Rs 4.62 crore to Rs 3.73 crore were mainly responsible for the drastic change in performance, company sources said.

Blue Dart net up

Blue Dart Express Ltd has posted a higher net profit at Rs 4.81 crore for the second quarter ended September 30, 2002, compared with Rs 3.86 crore in same period of previous fiscal.

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