The aggregate net profit of 812 companies, which declared their first-half results, increased by 14.6 per cent in April-September 2000. This was probably due to the significant rise in net profit of major companies like Balrampur Chini, Bank of Rajasthan, Federal Bank, Moser Baer India, Pentasoft Techno, South Indian Bank and Global Tele-Systems. Balrampur Chini's net profit rose by 444.6 per cent to Rs 22.33 crore from Rs 4.10 crore in April-September 1999. Its sales has also increased by 83.7 per cent during the same period.On the other hand, the net sales of these companies rose by 29.4 per cent to Rs 2,85,312 crore in April-September 2000. This has happened probably due to the significant increase in the net sales of companies like Compudyne Winfosystems (509 per cent), Hinduja Finance (558.1 per cent), Indian Organic (805.4 per cent), Modern Mills (594.3 per cent), Olympia Capitals (634.5 per cent), Pentasoft Techno (511.5 per cent), Sagarsoft (India) (498.9 per cent) and Triumph International Fin (485.8 per cent). On the other hand, the other income of the above number of companies increased by 11.2 per cent to Rs 7,436 crore in April-September 2000 from Rs 6,687 crore in April-September 1999. The operating profit rose by 16.7 per cent to Rs 70,326 crore from Rs 60,283 crore. The gross profit also rose by 19.8 per cent to Rs 36,045 crore from Rs 30,081 crore. The profit before tax (PBT) increased by 19.9 per cent to Rs 23,486 crore. Though the net profit rose by 14.6 per cent to Rs 18,141 crore from Rs 15,831 crore, theprofit after tax (PAT) to sales ratio declined from 7.18 per cent to 6.36 per cent.
Of the 812 companies, 232 registered a decline in gross profit. Significant among them are Alchemic Organics (85.1 per cent), Hindustan Composites(94.9 per cent), IFGL Refractories (92.5 per cent), Indokem (83.3 per cent), Jindal Iron & Steel (89.4 per cent), Maharashtra Scooters (95.5 per cent) and Skol Breweries (94.6 per cent).
There are 76 companies which more than doubled their gross profit during the first half. Mention may be made of Anglo India Jute (854.5 per cent), Gramophone Co (169.2 per cent), JJ Spectrum Silk (384.3 per cent), Jaypee Hotels (559.6 per cent), Kemp & Co (398.6 per cent), Rajendra Mechanical Indus (264.6 per cent), Sir Shadilal Enterprises (419.6 per cent), Steelage Indus (550 per cent) and Texmaco (408.9 per cent).
In PBT, 93 companies witnessed an increase of 100 per cent or more during the first half April-September 2000. Mention may be made of Aplab Ltd (207.7 per cent), Bharat Hotels (336.3 per cent), Boston Education (715.2 per cent), Centurion Bank (363.3 per cent), JL Morison (265.5 per cent), Man Industries (209.5 per cent), ONGC (117.4 per cent) and Raj Rayon (290.5 per cent). However, 202 companies have recorded a lower PBT during April-September 2000.
In the case of PAT, significant loss made by the companies during April-September 2000 are Alexcon Foamcast (Rs 23.29 crore), Birla Corp (Rs 24.01 crore), FACT (Rs 71.62 crore), Ferro Alloys Corp (Rs 24.42 crore), Floatglass India (Rs 15.93 crore), GSFC (Rs 17.44 crore), Guj Sidhee Cement (Rs 34.68 crore), Gujarat Borosil (Rs 11.97 crore), Hindustan Motors (Rs 60.37 crore), International Best Foods (Rs 16.04 crore), ITI (Rs 34.10 crore), Jindal Iron & Steel (Rs 19.95 crore), KND Engineering (Rs 26.19 crore), Konkan Railway Corp (Rs 194.92 crore), Lloyds Metals (Rs 22.13 crore), Lloyds Steel (Rs 139.02 crore), LML (Rs 21.83 crore), Mafatlal Finance (Rs 20.17 crore), Mangalore Refinery (Rs 162.67 crore), Mysore Cement (Rs 51.14 crore), Nirlon (Rs 20.98 crore), Parasrampuria Synthetics (Rs 107.94 crore), PNB Gilts (Rs 39.16 crore), Prism Cement (Rs 29.87 per cent), Raymond (Rs 185.69 crore) and Zuari Industries (Rs 31.18 crore).
As many as 205 companies recorded lower net profit during April-September 2000. On the other hand, 92 companies witnessed an increase of 100 per cent or more. Mention may be made of Alfred Herbert (444.4 per cent), Dynacons Systems (402.1 per cent), Federal Bank (235.7 per cent), Hinduja Finance (938.1 per cent), Kotak Mahindra (268.4 per cent) and Shyam Telecom (925.4 per cent).
The top five in respect of PAT to sales ratio during April-September 2000 were Kant & Co (207.1 per cent), Mack Trading (150 per cent), Kettlewell Bullen (136.4 per cent), Sirdar Carbonic Gas (125.7 per cent) and Morarka Finance (102.9 per cent).
PAT formed less than 0.5 per cent of sales during April-September 2000 in the case of Auckland International, Balkrishna Industries, BOC India, Century Textiles, Excel Glasses, Flex Industries, Govind Rubber, Gupta Synthetics, Oregon Commercial, Stanes Amalgamated, Supreme Petrochem and Tata SSL.
A significant increase in the ratio during April-September 2000 was recorded by Action Financial Services (28.46 per cent in April-September 1999 to 57.61 per cent in April-September 2000), Alfred Herbert (5.42 per cent to 25.93 per cent), Boston Education (4.35 per cent to 16.6 per cent), Global Tele-Systems (16.29 per cent to 32.93 per cent), Himachal Futuristic (13.76 per cent to 26.3 per cent), Kudrat Investment (18.54 per cent to 40.48 per cent), Marathawada Refractories (5.42 per cent to 23.22 per cent) and Naga Dhunseri (13.82 per cent to 53.85 per cent).
An opposite trend can be seen in the case of Asian Hotels (32.51 per cent in April-September 1999 to 18.19 per cent in April-September 2000), BSEL Information (72.49 per cent to 35.39 per cent), C-Mac Centum Electronics (15.49 per cent to 4.48 per cent), Digital Equipment (56.07 per cent to 27.79 per cent), Gwalior Webbing (179.1 per cent to 2.25 per cent), Indian Organic (47.79 per cent to 2.41 per cent), KSL & Industries (13.23 per cent to 2.65 per cent), Kushagra Software (24.43 per cent to 1.85 per cent), Punjab Produce & Trading (206.16 per cent to 43.24 per cent) Walchand Capital (56.3 per cent to 25.69 per cent).
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