Thursday, July 27, 2000
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Briefing 

 
ONGC net surges 55% to Rs 938 cr
OIL and Natural Gas Commission (ONGC) has registered a 55 per cent growth in net profit at Rs 938 crore in the first quarter of 2000-01 over the previous year's first quarter profit. The sharp growth in profit has been attributed to improvement in product prices and increase in the sale of natural gas, according to a press release in New Delhi.

Marico net soars 96%
The board of Marico Industries Ltd on Wednesday announced a 40 per cent interim dividend, having registered a 96 per cent growth in net profit for the first quarter of 2000-01. Net profit for the quarter stood at Rs 11.8 crore, up from Rs 6 crore a year ago, while turnover was up 9 per cent at Rs 147 crore.

Chambal Fertilisers net dips
Chambal Fertilisers and Chemicals Ltd on Wednesday reported a lower net profit of Rs 13.93 crore for the quarter ended June 30, 2000, compared with Rs 25.31 crore in the corresponding quarter of previous year. Net sales during the period jumped to Rs 382.64 crore from Rs 209.42 crore while other income came down from Rs 2.63 crore to Rs 1.92 crore.

Mascot Systems net spurts 105%
Mascot Systems Ltd has registered operating revenues of Rs 64.87 crore for the first quarter ended June 2000 compared to Rs 49.02 crore in the previous sequential quarter (January-March 2000), representing a 32.4 per cent increase. The profit after tax stood at Rs 6.45 crore, a 105.3 per cent increase from Rs 3.15 crore in the previous sequential quarter.

Unichem's donation
Unichem Laboratories is donating 2 per cent of the sales generated for Loprin-DS, a life saver drug, to HelpAge India to conduct necessary cardiac intervention on underprivileged elderly persons.

Atul net loss at Rs 2.3 cr
Atul Ltd has posted a net loss of Rs 2.32 crore for the quarter ended June 2000 as compared to a net loss of Rs 4.04 crore in the corresponding quarter in the previous year. Net sales rose to Rs 121.33 crore from Rs 118.72 crore for the period.

Unichem Labs board meet
The board of Unichem Laboratories Ltd will meet on Friday, July 29, 2000 to approve the audited financial results for the year ended March 31, 2000, and to consider and take on record the unaudited financial results of the company for the quarter ended June 30, 2000.

Glenmark net up to Rs 2.7 cr
Glenmark Pharmaceuticals has posted a net profit of Rs 2.77 crore for the quarter ended June 2000, as against Rs 2.14 crore for the corresponding quarter in the previous year. Turnover rose to Rs 30.92 crore (Rs 25.11 crore).

Camlin net vaults to Rs 2.4 cr
Camlin has posted a net profit of Rs 2.47 crore for the quarter ended June 2000 as against Rs 1.47 crore in the corresponding quarter in the previous year. Net sales rose to Rs 54.77 crore from Rs 41.86 crore for the same period.

Kodak Q2 zooms to Rs 10 cr
Kodak India has registered a net profit of Rs 10.27 crore in the second quarter of the financial year 2000-01 as against Rs 5.02 crore registered in the corresponding quarter last year. Net sales rose from Rs 144.67 crore to Rs 177.90 crore during the period.

Goodlass Nerolac Q1 net rises
Goodlass Nerolac Paints has registered a net profit of Rs 5.21 crore for the first quarter of the current financial year as against Rs 4.27 crore in the corresponding quarter of the previous year. The company has clocked a gross income of Rs 156.99 crore (Rs 141.57 crore) in the reported quarter.

Indiagames signs MoU with BR TV
Indiagames, a computer games company, on Wednesday signed an MoU with BR TV, a company promoted by Hindi film producer BR Chopra.The company will develop games by using the content based on the serial Mahabharat provided by BR TV.The games will be available on CD-ROM and also online on indiagames.com's gaming portal, an official press release said.

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