Reliance Industries Limited (RIL) has been one of the top performing companies in the large cap space under the chairmanship of Mukesh Ambani and has beaten the broader market both in terms of earnings growth and shareholder returns. In the last 20 years, RIL's net profit has grown at a compound annual growth rate (CAGR) of 15.7 per cent while its net sales have grown at a CAGR of 15.1 per cent. RIL's net profit at consolidated level has jumped 18.5 times in the last two decades growing from Rs 3280 crore in FY02 to Rs 60,705 crore in FY22; its net sales grew 16.6 times from Rs 42,129 crore to Rs 6.99 trillion.
A meeting of the board of directors of Merck Ltd will be held on January 27 to consider the accounts for the year ended December 31, 2002
A meeting of the SKF Bearings India Ltd will be held on February 17, 2003 to take on record the Audited Financial results for the year ended December 31, 2002. \n\n\n\n
Aventis Pharma Ltd plans to publish audited financial results for the year ended December 31, 2002 before March 31, 2003.
Essel Propack Ltd has informed BSE that it will be publishing its audited results for the financial year ended December 31, 2002 by end March 2003.
A meeting of the board of directors of GlaxoSmithkline Consumer Healthcare Ltd is scheduled on January 31, 2003, inter alia, to consider and adopt the audited financial results for the year ended December 31, 2002.\n\n\n\n
At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.
Marico Industries' net profit reported an eight per cent increase to Rs 53.08 crore for the year ended March 31, 2003 as against Rs 49.32 crore in FY02.
Goldman Sachs expects most of the infrastructure investment to be funded by India's domestic savings.
Videocon VCR recommends Dividend of Rs 0.50 per share for FY-02.
Whirlpool of India Ltd has posted a net profit of Rs 86.50 million for the year ended December 31, 2002 as compared to a net profit of Rs 91.20 million for the year ended December 31, 2001.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
Lower international interest rates during June-July 2002-03 led to a sharp fall in returns on India's foreign currency assets to 2.8 per cent compared to 4.1 per cent during FY02 while that on gold reserves it fell to 0.6 per cent from 0.9 per cent.
The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
The Indian economy is at the cusp of an investment cycle and banks will play a pivotal role in realising the objective of an 8% GDP growth.
TCS, based on its annualised 9mFY04 earnings, has an EPS of Rs 31.9.
Ranbaxy Laboratories has repoted a 42 per cent increase in net profit at Rs 196.80 crore (Rs 1.97 billion) for the second quarter ended June 30, 2003 as against Rs 138.40 crore (Rs 1.38 billion) in Q2FY02.
High FDI inflows have big benefits for any economy. India thus needs to attract more investment.
Padamalaya Telefilms has posted a net profit of Rs 7.31 crore for the fourth quarter ended March 31, 2003, compared with Rs 2.42 crore for the same quarter last fiscal.
Sterling Biotech Ltd has posted a net profit of Rs 216.29 million for the year ended December 31, 2002 as compared to a net profit of Rs 203.21 million for the year ended December 31, 2001.
HDFC has reported a 19 per cent increase in net profit at Rs 690.29 crore (Rs 6.9 billion) for the year ended March 31, 2003 when compared with Rs 580.01 crore (Rs 5.8 billion) in FY02.
Scheduled commercial banks have registered a 21.2 per cent growth in credit offtake at Rs 7,14,622 crore (Rs 7.14 trillion) up to March seven of 2002-03 as against Rs 5,89,723 crore (Rs 5.89 trillion) in FY-02.\n\n\n\n
Pfizer Ltd has posted a consolidated net profit of Rs 759.40 million for the year ended November 30, 2002 where as the net profit was at Rs 474.90 million for the year ended November 30, 2001.
Yash Papers Ltd has posted a net profit of Rs 4.69 million for the quarter ended December 31, 2002 as compared to a net loss of Rs 3.37 million for the quarter ended December 31, 2001.
HCL Infosystems has reported a 33.81 per cent increase in net profit at Rs 61.73 crore (Rs 617.3 million) the year ended June 30, 2003 when compared with Rs 46.13 crore (Rs 461.3 million) in FY02.
Union Bank of India posted a 75.94 per cent rise in net profit at Rs 552.69 crore (Rs 5.526 billion) for the financial year ended March 31, 2003, as against Rs 314.13 crore (Rs 3.141 billion) for 2001-02.
Zee Telefilms has posted a 135 per cent increase in net profit to Rs 32.57 crore for the fourth quarter ended March 31, 2003 when compared with Rs 13.88 crore for the corresponding quarter last fiscal.
Exide Industries has posted a 66.5 per cent increase in net profit to Rs 52.33 crore for FY03 as against Rs 31.42 crore in FY02.
The company has posted a 12 per cent decrease in net profit to Rs 15.58 crore for FY03 as against Rs 17.80 crore in FY02.
Bharat Earth Movers has posted a 4% increase in net profit to Rs 18.07 crore for the fourth quarter ended March 31, 2003 when compared with Rs 17.36 crore for the corresponding quarter last fiscal.
HDFC Bank Ltd has reported a 30.48 per cent rise in net profit at Rs 387.6 crore (Rs 3.87 billion) for the fiscal ended March 31, 2003, compared to Rs 297.04 crore (Rs 2.97 billion) posted in the previous fiscal.
Ratings agency Crisil on Monday said the information technology sector is likely to lose its position as a mass employment engine and new recruitments will nearly halve over the next three years, even though companies will continue to report good revenue growth.
Modest growth projections hits IT sector.
Lack of new investments may undermine higher consumption
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