Saturday, October 31, 1998
ICICI H1 net up a tad to Rs 518 cr
ICICI Ltd has reported a marginal increase of 4% in its net profit to Rs 518 crore for the first half of the current fiscal from Rs 498 crore posted in the corresponding period last year which includes an extraordinary item of Rs 84 crore on account of capital gains by way of sale of ICICI Bank's shares.
M&M first-half net slips to Rs 83 crore on higher interest outgo
Mahindra & Mahindra (M&M) has posted a 26.32% drop in its net profit to Rs 82.85 crore in the first half of the current fiscal, from Rs 112.44 crore earned in the corresponding period last year. Net sales have, however, picked up marginally to Rs 1,613.73 crore, up from Rs 1,589.74 crore notched up last year.
Grasim's H1 net plummets to Rs 87 cr on lower other income
Grasim Industries, the Aditya Birla group flagship, has reported a 30.6% drop in net profit for the first six months of the current fiscal to Rs 86.95 crore from Rs 125.26 crore in the corresponding period last year. Net sales dropped marginally to Rs 1,761.48 crore from Rs 1,765.69 crore reported in the first half of 1997-98.
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