Pidilite Q1 net up to Rs 7.40 crore: Pidilite Industries has posted a net profit of Rs 7.40 crore in the first quarter of the current fiscal, up from Rs 6.69 crore in the corresponding period last year. Net sales stood at Rs 80.01 crore, against Rs 73.72 crore. Interest liability was lower at Rs 2.5 crore, while the provision for depreciation increased from Rs 2.11 crore to Rs 2.3 crore during the period. The cash profit during the first quarter increased to Rs 12.95 crore, from Rs 11.8 crore.

ITI Ltd net loss at Rs 35 crore: Telecom company ITI Ltd has reported anet loss of Rs 34.90 crore for the first quarter 1998-99, against a net loss of Rs 65.58 crore during the same period in the previous fiscal. The value of production stood at Rs 205.15 crore, higher than the previous years Rs 160.83 crore. Net sales was Rs 97.76 crore, against Rs 91.08 crore. Total expenditure increased to Rs 213.4 crore from Rs 194.99 crore. Gross loss was lower at Rs 28.07 crore from Rs 56.55 crore.

HMT Ltd suffers Rs 48cr net loss in first quarter: HMT Ltd recorded a net loss of Rs 47.79 crore for the first quarter of 1997-98, against the net loss of Rs 24.97 crore reported for the corresponding period in the previous fiscal. The company's net sales fell to Rs 148.89 crore from Rs 208.33 crore. Total expenditure stood at Rs 185.59 crore, against Rs 218 crore.

Gulf Oil net up 128% in first quarter: The Hinduja group's Gulf Oil India Ltd had reported a 128 per cent increase in net profit to Rs 25.24 lakh for the first quarter of 1998-99, against a loss of Rs 87.39 lakh inthe corresponding period last year. The company's sales turnover increased from Rs 43.69 crore to Rs 44.28 crore.