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Aggregate net profit of 465 companies spurts 18.4% in Q3 

Pradip Kumar Dey  
During the last week, the third quarter results of 301 companies were received. The total net profit of these companies rose by 11.9 per cent to Rs 2,971 crore in Oct-Dec 2000 from Rs 2,655 crore in the corresponding period last year. This has happened probably due to the increase in net profit witnessed in the case of Century Textiles, DCW, Global Tele-system, Kirloskar Oil, Moser Bare, Siemens and Suven Pharma.

The net profit of Century Textiles rose by 356.5 per cent to Rs 8.81 crore during Oct-Dec 2000 from Rs 1.93 crore in the corresponding period last year. The sales figure too, increased by 14.1 per cent during the same period.

On the other hand, the net profit of DCW also increased by 556.5 per cent to Rs 4.07 crore during Oct-Dec 2000 from Rs 0.62 crore in the corresponding period last year. The sales figure of this company increased by 31.9 per cent to Rs 126.76 crore during Oct-Dec 2000. The total net sales of these companies rose by 13.2 per cent to Rs 37,086 crore (Rs 32,748 crore in Oct-Dec 1999).

Operating profit rose by 13.6 per cent from Rs 12,633 crore to Rs 14,357 crore. Gross profit also rose by 19.6 per cent to Rs 5,561 crore (Rs 4,650 crore).

This has occurred probably due to the significant increases in gross profit of ACC, BOC India, Dawn Mills, Elbee Services, Gajra Bevel, Hanjer Fibres, ITC Bhadrachalam Paper and Mphasis BFL.

The profit before tax (PBT) increased by 19.6 per cent to Rs 3,901 crore (Rs 3,262 crore). Fourty one companies have recorded an increase of 100 per cent and more. Significant among them are Graphite India, South Indian Bank and Suven Pharma. However, 90 companies have recorded a lower PBT. At the profit after tax (PAT) level, 37 companies have reported an increase of more than 100 per cent, with DCW recording an increase of 556.5 per cent. As many as 90 companies recorded a lower net profit.

Significant losses made by the companies during the third quarter are Crompton Greaves (Rs 37.14 crore), Hind Motors (Rs 33.48 crore), Hind Photo Films (Rs 82.22 crore), Hindustan Copper (Rs 11.58 crore), International Bestfoods (Rs 12.76 crore) and Morarjee Gokuldas (Rs 10.03 crore).

The PAT to sales ratio of these 301 companies declined from 8.11 per cent in Oct-Dec 1999 to 8.01 per cent in Oct-Dec 2000.

A significant increase in the ratio can be seen in the case of Adlabs Films (23.97 per cent to 40.68 per cent), Cosmo Ferrites (5.68 per cent to 27.62 per cent), Global Tele-Systems (16.85 per cent to 27.44 per cent), Burr Brown (26.01 per cent to 32.21 per cent), Elbee Services (1.27 per cent to 15.74 per cent), ICSA (13.79 per cent to 30.59 per cent), India Securities (22.28 per cent to 51.14 per cent), Indian Aluminium (5.05 per cent to 9.43 per cent), JK Chem (57.14 per cent to 133.33 per cent) and Moser Bare (26.35 per cent to 42.7 per cent).

An opposite trend can be seen in the case of Cyber Tech Sys (52.32 per cent to 9.57 per cent), WH Brady (53.45 per cent to 9.29 per cent), Cravatex (12.77 per cent to 1.83 per cent), Cyber Tech System (52.32 per cent to 9.57 per cent), Gemini Communication (32.22 per cent to 23.45 per cent), Indian Resort Hotels (31.41 per cent to 22.66 per cent), IRFC (15.39 per cent to 9.85 per cent), Kale Consultants (83.38 per cent to 5.82 per cent), Kalpataru Power Trans (12.67 per cent to 5.46 per cent), Otco International (27.27 per cent to 15.63 per cent), Southern Iron & Steel (71.57 per cent to 27.38 per cent) and Vans Information (20.75 per cent to 10.07 per cent).The top five in respect of PAT to sales ratio during October-December 2000 were Neeraj Consultants (323.08 per cent), Krypton Industries (161.76 per cent), PNB Gilts (134.47 per cent), JK Chem (133.33 per cent) and SKumar.com (85.71 per cent).

PAT formed less than 0.5 per cent of sales during Oct-Dec 2000 in the case of Citurgia Biochem (0.17 per cent), FEM Care Pharma (0.25 per cent), Gajra Bevel (0.4 per cent), Jay Bharat Maruti (0.23 per cent), National Engineering (0.03 per cent), Raj Rayon (0.4 per cent), Salora International (0.33 per cent), Selves Photographics (0.29 per cent), Shree Hari Chem (0.48 per cent), TIL (0.4 per cent), Torrent Cables (0.24 per cent), Ugar Sugar (0.31 per cent) and Voltas (0.01 per cent).

The average earning per share(EPS) of these 301 companies increased by 7.1 per cent to Rs 1.75 in October-December 2000. The highest EPS of Rs 34.40 was recorded in the case of Neeraj Consultants during October-December 2000.Aggregate This week's additions of 301 companies with previous weeks 164 companies' third quarter results also showed an increase in profits, sales and other income. The aggregate of 465 companies' sales increased by 14.8 per cent to Rs 58,603 crore from Rs 51,059 crore. Other income of these companies increased by 5.4 per cent to Rs 2,123 crore (Rs 2,014 crore).

The operating profit registered a rise of 17.8 per cent to Rs 20,919 crore (Rs 17,764 crore). Gross profit also increased by 24.7 per cent to Rs 10,122 crore (Rs 8,115 crore), PBT and PAT showed a growth of 21.1 per cent and 18.4 per cent to Rs 6,996 crore (Rs 5,777 crore) and Rs 5,565 crore (Rs 4,702 crore) respectively.

The profit margin (PAT to sales) increased to 9.5 per cent (9.21 per cent) in Oct-Dec 2000. The average EPS of these 465 companies increased by 12.1 per cent to Rs 1.77 from Rs 1.58.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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