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IPCL net jumps to Rs 45 crore

Oct. 29: Reliance Industries controlled Indian Petrochemicals Corporation Ltd’s (IPCL) net profit has soared by 87.5 per cent at Rs 45 crore for the second quarter ended September 30 as against Rs 24 crore in the same period of the previous year. Net sales too increased to Rs 1,252 crore in the current quarter as compared with Rs 1,198 crore in the second quarter of 2001, IPCL informed the Bombay Stock Exchange today. The other income is up to Rs 19 crore against Rs 18 crore in the same period previous year.

GE Shipping net up 45.23%

Great Eastern Shipping Company Ltd has reported a 45.23 per cent increase in net profit at Rs 56.73 crore in the second quarter ended September 30 as compared with Rs 39.06 crore in the same period previous year. Total income in the reporting quarter has decreased to Rs 261.55 crore as against Rs 310.79 crore in the same period previous year, GE Shipping informed the Bombay Stock Exchange today.

Reliance Capital net flat at Rs 25.7 crore

Reliance Capital Ltd has posted a flat net profit at Rs 25.7 crore as compared with Rs 25.52 crore in the corresponding period of the last fiscal. Total income for the reporting quarter has decreased to Rs 101.5 crore as against Rs 138.06 crore in the second quarter of 2001, Reliance Capital informed the Bombay Stock Exchange today.

Merck Ltd net down 25.29%

Merck Ltd has reported a 25.29 per cent decline in net profit at Rs 10.84 crore for the third quarter ended September 30 as compared with Rs 14.51 crore in the same period of the previous year. Net sales for the reporting quarter decreased to Rs 89.36 crore as against Rs 94.43 crore in the third quarter of 2001, Merck Ltd informed the BSE today.

Digital Globalsoft net

Software development and services company Digital Globalsoft Limited has reported a negative growth of 4.1 per cent in net profit at Rs 21.37 crore for the second quarter of 2002-03, over the corresponding period of previous year (Rs 22.29 crore). However, total revenue increased to Rs 97.91 crore from Rs 83.58 crore, up 17.1 per cent.

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