Gujarat Narmada Valley Fertilisers Company Limited (GNFC) has recorded a 13.5 per cent surge in net profit during the 1998-99 fiscal to touch Rs 78.29 crore as against Rs 68.97 crore in the previous year. The sales were down at Rs 1,160 crore (Rs 1,220 crore). The net profit was higher because of improved subsidy support on fertiliser products, reduced price of feedstock and because printed circuit boards fetched profit for the first time, the company said. The sales were lower due to lower sales of imported urea.

Excel Industries net soars 20%

Agrochemicals major Excel Industries has recorded a 20 per cent jump in net profit during 1998-99 to touch Rs 22.8 crore from Rs 19 crore a year ago. Its net sales stood at Rs 399.78 crore (Rs 364.41 crore). However, other income was lower at Rs 8.83 crore (Rs 10.15 crore). Total expenditure was up to Rs 345.92 crore (Rs 319.92 crore).

BOC slips into the red

BOC India Ltd has reported a net loss of Rs11.22 crore (Rs 1.30 crore) during the six-month period ended March 1999. Official sources in Calcutta on Friday said after a board meeting that net sale during the period came down to Rs 64.12 core (Rs 64.20 crore) while other income rose to Rs 0.92 crore (Rs 0.50 crore).

Ingersoll-Rand net up to Rs 54 cr

Ingersoll-Rand has registered a 6.43 per cent increase in net profit at Rs 54.26 crore (Rs 50.98 crore) for the year ended March 1999. The board has recommended a final dividend of Rs 3 per share, taking total dividend for the year, after considering interim dividend of Rs 4 per share, to Rs 7 per share. Net sales, however, fell 11.6 per cent to Rs 347.91 crore (Rs 393.77 crore).

CESC reports Rs 132cr loss

CESC Ltd, an RPG power company, has reported a loss of Rs 132 crore for the 1998-99 fiscal against Rs 115 crore in previous fiscal. Although the power utility's sales have come down to Rs 413 crore in the fourth quarter from Rs 432 crore in the first quarter, sales for the wholefiscal year have risen to Rs 1,655 crore from Rs 1,450 crore in 1997-98.

Camlin profit rises to Rs 58.65 lakh

Camlin Ltd has recorded a 5.15 per cent increase in net sales at Rs 34.15 crore for the last quarter of the current financial year against Rs 32.48 crore in the same period last year. Net profit for the period rose to Rs 58.65 lakh from Rs 28.91lakh recorded in the fourth quarter of the previous year.

Sun Earth Ceramics net spurts 34%

Sun Earth Ceramics, part of the Motwani group, has posted a 55 per cent jump in turnover at Rs 37.24 crore for the third quarter ended March 1999. Net profit during the period increased 34 per cent to Rs 4.46 crore.

Phillips Carbon profit at Rs 2.87 cr

Phillips Carbon Black Ltd (PCBL), an RPG company, on Friday reported a net profit of Rs 2.87 crore for the first six months to March 1999, against Rs 2.59 crore for the full year to September 30, 1998. According to unaudited figures for the quarter ended March 1999, net profit was Rs 1.04crore on an operational turnover of Rs 85.67 crore. The company said it does not have corresponding approved figures for the previous year's quarter.