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Corporate Briefs

Blue Star net rises 12.7%

Air-conditioning and refrigeration major Blue Star has posted a 12.76 per cent increase in net profit at Rs 2.65 crore in first quarter ended June 30, 2003, compared with Rs 2.35 crore posted during the same period of the previous fiscal. The company's total income rose to Rs 142.48 crore during the quarter under review, chairman and chief executive Ashok M. Advani said.

Engineers India

Engineers India Limited has posted a 52 per cent rise in turnover at Rs 818.27 crore, including foreign exchange earning of about Rs 50 crore, in 2002-03 as compared with last yearís turnover of Rs 537 crore. Operating profit (excluding other income) also increased significantly to Rs 70.14 crore from Rs 42.43 crore in 2001-02, an increase of 65 per cent.

Gujarat NRE

Gujarat NRE Coke Limited has posted a 132 per cent rise in net sales at Rs 5,526.55 lakh in the quarter ended June 30, 2003, against Rs 2382.93 lakh in the corresponding previous quarter. Profit after taxation has jumped 123 per cent to Rs 475.87 lakh in the reporting period from Rs 213.04 lakh last year. EPS of the company stands at Rs 2.46, a 51 per cent rise over the Rs 1.63 achieved in the previous corresponding quarter.

HEG net

Graphite electrode manufacturer HEG today reported a 27 per cent increase in net profit to Rs 11.12 crore for quarter ended June 30, 2003, against Rs 8.75 crore in the same quarter last year. Sales went up by 20 per cent to Rs 127.58 crore from Rs 106.15 crore in the quarterly review period.

SKF profit

SKF Bearings India posted a 46 per cent jump in net profit at Rs 6.22 crore for the second quarter ended June 30, 2003, as compared with Rs 4.27 crore in the previous fiscal following increased volumes in the auto and industrial sectors as well as savings from the debt restructuring undertaken earlier. Sales during this period were up at Rs 110.71 crore as against Rs 105.21 crore in second quarter of 2002-03.

Orchid blooms

Chennai, July 24: Orchid Chemicals and Pharamceuticals surged 160 per cent in the quarter ended June 30, 2003, to touch Rs 7.57 crore as compared with Rs 2.91 crore in the same quarter of the previous fiscal. The turnover of the company during the quarter grew by 62 per cent to touch Rs 172.92 crore as compared with Rs 106.84 crore in the same period last year.

Akai DVDs

Akaiís supply of DVD players to India has been delayed due to SARS. The company hopes to deliver the products in August.

Calcutta Dock

The Calcutta Dock System has re-introduced, after a gap of two years, round-the-clock three-shift working of the port railways with the existing 77 workers.

i-flex Solutions

i-flex Solutions Limited has been declared the 'best newly listed company in India' in the annual Asiamoney Poll 2002.

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