The net profit figure of Tata Honeywell increased by 341.2 per cent to Rs 3.75 crore during July-September 1999 from the level of Rs 0.85 crore during July-September 1998. Its sales has also rose by 35.4 per cent during the same period.

On the other hand, operating profit of these 350 companies rose by 16 per cent to Rs 4,457 crore during July-September 1999. Gross profit of the companies increased by 16.7 per cent to Rs 1,841 crore (Rs 1,578 crore). Profit before tax also rose by 27.6 per cent to Rs 907 crore in July-September 1999. This has happened probably due to the significant increases in PBT by the companies likeATL Textiles, Elder Health Care, Gati Corporation, Podar Pigments, Rubber Products, Selvas Photographics, Stresscrete India, TT and Tata Honeywell.

Though the aggregate sales of 350 companies rose by 11.8 per cent to Rs 20,266 crore during July-September 1999 from the level of Rs 18,120 crore during July-September 1998, the PAT to sales ratio of these companies rose from 3 per cent to 3.59 per cent during July-September 1999.

Of the 350 companies, 93 companies showed a decline in gross profit. Prominent among them are Ashco Industries (-91.8 per cent), Bombay Paints (-80 per cent), Lamina Foundries (-80 per cent), Nava Bharat Ferro Alloys (-88.4 per cent), Satguru Agro Industries (-88.2 per cent), Swil (-93.9 per cent) and Wall Street Finance (-80.4 per cent). There are 26 companies which more than doubled their gross profits. Mention may be made of Bhagheeratha Engineering, Bharti Telecom, Bombay Swadeshi Stores, Frontier Information Techno, JR Fabricators, MP Oils & Fats, Media Video, Rohit Pulp andTata Honeywell.

In PBT, 34 companies have witnessed an increase of 100 per cent or more. Of these, Bombay Swadeshi Stores showed a highest growth of 840 per cent during the quarter July-September 1999. However, 82 companies have recorded a lower PBT during July-September 1999.

In the case of PAT, significant loss made by the companies during July-September 1999 are Arvind Mills (-Rs 54.95 crore), Ferro Alloys Corpn (-Rs 16.18 crore), Hindustan Development (-Rs 16.81 crore), IFB Industries (-Rs 14.77 crore), Indo Rama Synthetics (-Rs 21.77 crore), Jain Irrigation Systems (-Rs 19.81 crore), Kirloskar Electric (-Rs 22.15 crore), Modern Denim (-Rs 17.94 crore), Modern Syntex (-Rs 26.23 crore), Mysore Cements (-Rs 11.16 crore) and Raymond Synthetics (-Rs 24.16 crore). As many as 81 companies recorded lower net profits. Notable among them are Brite Automotive (-88.9 per cent), Petron Engineering (-88.3 per cent), Prime Solvent Extractions (-95.5 per cent) and Vickers Systems Intl (-98.6 per cent).

On theother hand, 33 companies have witnessed an increase of 100 per cent or more in their net profits. Mention may be made of ECE Industries (850 per cent), Madhucon Projects (120.5 per cent), TT (533.3 per cent), Dhanalakshmi Bank (275.4 per cent), Gangotri Textiles (381.3 per cent), Gati Corporation (385.7 per cent), Stresscrete India (528.6 per cent) and Tata Honeywell (341.2 per cent).

Among the 350 companies, the top five in respect of PAT to sales ratio during July-September 1999 were Fortis Financial Services (188.10 per cent), Dolat Investment (95.19 per cent), Bank of Madura (49.95 per cent), Khandwala Securities (62.06 per cent) and Rolta India (36.81 per cent). PAT formed less than 0.50 per cent of sales during July-September 1999 in the case of Balaji Industrial Corporation, Brite Automotive, India Foils, Lakshmi Mills, Lyka Labs, Mukand, Prime Solvent Extractions, Sarda Fashions, Vickers Systems Intl and Zuari Industries.

A significant increase in the ratio during July-September 1999 was recordedby Bharti Telecom (0.85 per cent in July-September 1998 to 6.37 per cent in July-September 1999), Binani Industries (2.80 per cent to 11.21 per cent), Bombay Swadeshi Stores (2.40 per cent to 11.35 per cent), Chemplast Sanmar (3.52 per cent to 11.91 per cent), Dolat Investment (65.14 per cent to 95.19 per cent), Frontier Information Techno (4.23 per cent to 21.46 per cent), Media Video (1.19 per cent to 10.96 per cent) and Vidhi Dyestuffs (8.91 per cent to 20.48 per cent).

An opposite trend can be seen in the case of Atlas Gears (10.79 per cent in July-September 1998 to 2.54 per cent in July-September 1999), Brahm Ispat (12.87 per cent to 6.82 per cent), DLF Universal (23.30 per cent to 11.38 per cent), Graphite India (12.40 per cent to 3.85 per cent), Industrial Investment Trust (40.07 per cent to 26.49 per cent), LCC Infotech (100 per cent to 35.92 per cent), Prima Plastics (21.10 per cent to 11.62 per cent) and Pentron Engineering (9.21 per cent to 1.75 per cent).

Aggregates
This week'saddition of 350 companies with previous weeks 516 companies results also showed an increase in sales and profits. The total of 866 companies sales rose by 20.7 per cent to Rs 1,34,257 crore during July-September 1999 from the level of Rs 1,11,261 crore during July-September 1998. The other income of these companies rose marginally by 6.1 per cent to Rs 4,039 crore (Rs 3,805 crore). The operating profit of 866 companies showed a rise of 17 per cent to Rs 31,679 crore (Rs 27,081 crore). The gross profit also increased by 20.3 per cent to Rs 17,441 crore (Rs 14,495 crore). The growth of PBT and PAT was 17.3 per cent (Rs 11,321 crore in July-September 1999) and 18.4 per cent (Rs 9,183 crore in July-September 1999) respectively during July-September 1999. The ratio of PAT to sales declined from 6.97 per cent in July-September 1998 to 6.84 per cent in July-September 1999.