The net profit figure of Ingersoll-Rand declined by 64.8 per cent to Rs 4.86 crore during October-December 2000 from Rs 13.81 crore during October-December 1999. Its net sales also declined by 11.3 per cent to Rs 85.75 crore during the third quarter compared to the corresponding last quarter.

The net sales of 317 companies increased by 15.1 per cent to Rs 8,585 crore. This has occurred probably due to the significant increases in net sales by companies like Acknit Knitting, DLF Universal, Estern Sugar, Frontier Information, Haria Exports, McNally Bharat, Nath Pulp & Paper, Patel Engineering, RSR Mohota Spg & Wvg and VLS Finance.

The operating profit of the above number of companies increased by 3.2 per cent to Rs 998 crore from Rs 966 crore. The gross profit also increased by 2.1 per cent to Rs 518 crore from Rs 507 crore. But the profit before tax (PBT) decreased by 3.6 per cent to Rs 228 crore. The net profit also declined by 3.1 per cent to Rs 142 crore. So the profit after tax (PAT) to sales ratio declined from 1.97 per cent to 1.66 per cent.

Of the 317 companies, 98 registered decline in gross profit. Mention may be made of Apcotex Lattices (90.2 per cent), Duropack (52.4 per cent), Madhu Infra (85.2 per cent), Pearl Polymers (48.4 per cent), Shrevani Industries (87.5 per cent), Sinclairs Hotels (82.1 per cent), Sona Koyo Steering (73 per cent), Telemecanique & Controls (85.7 per cent) and Upper Ganges Sugar (86.8 per cent).

There are 21 companies which more than doubled their gross profit during the third quarter. Mention may be made of Bhageria Dye-Chem, Bharat Rasayan, DLF Universal, Dynacons Systems, Flat Products, Haria Exports, KSB Pumps, Orient Information and Star Paper.

In PBT, 32 companies witnessed an increase of 100 per cent or more during the quarter October-December 2000. Mention may be made of Aplab, Cremica Agro, Haria Exports, IVP, KSB Pumps and Star Paper.

However, 89 companies have recorded a lower PBT during the same period.In the case of PAT, significant loss made by the companies during October-December 2000 are Ambuja Cement Rajasthan (Rs 16.13 crore), Ceat Financial (Rs 11.49 crore), GKW (Rs 15.68 crore), Gontermann-Peipers (Rs 23.75 crore), HMT (Rs 44.50 crore), JCT (Rs 18.97 crore), Saurashtra Cement (Rs 12.32 crore) and Search Chem Indus (Rs 9.76 crore).

As many as 85 companies recorded lower net profit during October-December 2000. On the other hand, 27 companies witnessed an increase of 100 per cent or more.

Among the 317 companies, the top five in respect of PAT to sales ratio during October-December 2000 were Nucent Finance (154.46 per cent), Poondudi Agencies (130.61 per cent), Indo Green Projects (91.3 per cent), Finance (India) (75 per cent) and Midland Services (62.24 per cent). PAT formed less than 0.5 per cent of sales during October-December 2000 in the case of Alacrity Housing, Balaji Hotels, Bell Controls, Ginni Filaments, Hotline Teletube & Compo, IVP, Jog Engineering, Kanohar Electricals, Larsen Services & Trading, MMTC, Monica Electronics, Rishab Special, Satyam Trading, Supreme Industries, VLS Finance and Wires & Febriks.

A significant increase in the ratio was recorded by Anna Finance (14.29 per cent to 31.03 per cent), Aridhi Hi-Tech Indus (5.88 per cent to 28 per cent), Bhageria Dye-Chem (0.49 per cent to 5.92 per cent), Dynacons Systems (2.35 per cent to 10.82 per cent), Indo Green Projects (59.46 per cent to 91.3 per cent), Smifs Capital Markets (12.22 per cent to 21.89 per cent), Star Paper (2.87 per cent to 12.02 per cent) and Zenith Exports (2.59 per cent to 3.58 per cent).

An opposite trend can be seen in the case of AK Capital Services (43.1 per cent to 12.21 per cent), Allianz Securities (18.07 per cent to 3.37 per cent), Avon Organics (10.26 per cent to 2.08 per cent), Baghmari Tea (68.63 per cent to 25 per cent), Comp-U-Leam Tech (39.05 per cent to 8.33 per cent), Jog Engineering (11.59 per cent to 0.2 per cent), Ledo Finance (47.33 per cent to 14.94 per cent), Sriven Multi-Tech (50.48 per cent to 9.91 per cent) Svam Software (12.29 per cent to 1.67 per cent) and Tirupati Services (21.52 per cent to 1.56 per cent). The average EPS of 317 companies decreased by 12.2 per cent to Rs 0.35 from Rs 0.40 during October-December 1999.

Aggregates
This week's addition of 317 companies with previous week's 1,239 companies third quarterly results showed an increase in sales and profits. The total of 1,556 companies sales rose by 16.6 per cent to Rs 1,73,881 crore during October-December 2000 from Rs 1, 49, 171 crore during October-December 1999. These companies have recorded a a rise of 11.8 per cent to Rs 5,162 crore (Rs 4,618 crore) in other income during October-December 2000.

In terms of operating profit, these companies have shown a rise of 13.8 per cent to Rs 46,067 crore from Rs 40,478 crore. The gross profit figure of 1,556 companies also increased by 15.2 per cent to Rs 22,733 crore (Rs 19,729 crore) during October-December 2000.

The PBT and PAT figures of these above number of companies rose by 16.8 per cent to Rs 15,035 crore (Rs 12,874 crore) and 14.4 per cent to Rs 11,434 crore (Rs 9,995 crore) respectively during October-December 2000.

The ratio of PAT to sales ratio decreased from 6.7 per cent in October-December 1999 to 6.58 per cent in October-December 2000. And the average EPS of 1,556 companies rose by 8.5 per cent to Rs 1.69 in October-December 2000 from Rs 1.56 in October-December 1999.