Deepak Fertilisers posts Rs 18.85 cr Q3 net
Deepak Fertilisers and Petrochemicals Corporation Ltd has posted higher profits for the Q3 ended December 31, 2000, with net profits of Rs 18.85 crore against previous year's Rs 14.56 crore for the corresponding period.

However, the third quarter has witnessed a 44 per cent fall in sales and other income to Rs 110.93 crore as against Rs 197. 87 crore for the corresponding period the previous quarter. According to the company, fertiliser sales were affected due to drought conditions, but buoyant demand for industrial chemicals helped improve bottomlines. Improved energy consumption was lower during the quarter, following refurbishing of a compressor.

Kalyani Steel net falls 88%
Kalyani Steel Limited (KSL) registered a 75.22 per cent jump in sales to Rs 45.40 crore during the quarter ended December 31, 2000, from Rs 25.91 crore for the same period the previous year. However, net profits declined 88.39 per cent to Rs 10.64 lakh during this year's third quarter from Rs 1.4 crore during the corresponding period last year. Interest costs during the third quarter went up to Rs 4.96 crore during the quarter from two crore for the corresponding period the previous year. The company's EPS for the period is down from 0.47 last year to 0.05 for the quarter ended December 31, 2000. The company's rolling mill in Ginigera commenced commercial production on January 1, 2001.

Kalyani Sharp net falls 56%
Kalyani Sharp India has posted a drop in net sales and net profits for the quarter ended December 31, 2000. Net sales and income from operations fell by 8.7 per cent while net profits tumbled by 56 per cent compared to the same period the previous year. Net profits were down to Rs 1.37 crore compared to Rs 3.13 crore during last year's corresponding period. Sales were down to Rs 88.03 crore during the third quarter from Rs 96.52 crore for the same period last year. Harita Grammer posts Rs 0.65 crore netHarita Grammer Ltd on Wednesday reported a moderate increase in net profit to Rs 0.65 crore (Rs 0.61 crore) over a turnover of Rs 16.42 crore (Rs 14.60 crore) for the quarter ended December 31, 2000. The total expenditure of the company was Rs 14.87 crore (Rs 12.95 crore) for the period. Interest burden has declined substantially to Rs 0.19 crore (Rs 0.27 crore), while depreciation was to the tune of Rs 0.37 crore (Rs 0.36 crore), according to a company statement.

Sundaram Finance posts 3% rise in net
Chennai-based Sundaram Finance Ltd has reported a three per cent growth in its net profit to Rs 8.59 crore (Rs 8.35 crore) during the quarter ended December 31, 2000. Income from operations during the period has increased by 12 per cent to Rs 113.23 crore (Rs 101.46 crore). Income in respect of current year hire purchase contracts has been recognised under internal rate of return (IRR) method. Consequently, the net profit of the company during the current quarter is higher by Rs 5.57 crore, said a company release.

During the period, interest expenditure was Rs 48.83 crore (Rs 45.29 crore), while depreciation (including lease equalisation) stood at Rs 31.40 crore (Rs 26.36 crore).

Unichem Labs posts 47% rise in Q3 net
Unichem Laboratories has registered an increase of 47 per cent in its net profit during the third quarter of the current financial year 2000-2001. During this period, the company's net profit was Rs 5.35 crore as against Rs 3.64 crore in the the corresponding period of the previous fiscal. During this period, the company's sales turnover also increased by 21 per cent, with a turnover of Rs 57.98 crore as against Rs 47.78 crore in the third quarter of the previous fiscal.

PSL Holdings posts 18% rise in net
PSL Holdings, manufacturers of steel pipes and fusion-bonded epoxy-coated bars has posted 18 per cent increase in net profits to Rs 17.4 crore for the year ended September 2000, as against a net profit of Rs 14.7 crore last year. Sales grew from Rs 161.04 crore in the previous year to Rs 260.54 crore, a rise of 61.8 per cent. Operating profits increased 20 per cent from Rs 39.3 crore to Rs 47.1 crore for the financial year ended September 2000.

Elbee net zooms 440%
Elbee Services has recorded a 440 per cent jump in net profit to Rs 5.86 crore for the third quarter ended December 31, 2000 as against Rs 37.57 lakh in the corresponding quarter last year. Turnover for the quarter increased to 41.07 crore as against Rs 29.98 crore in the same period last year.

Turnover for the nine-month period stood at Rs 117.47 crore, while net profit stood at Rs 69.50 crore.

Blue Dart Q3 net up 94%
Blue Dart Express has registered an increase of 94.63 per cent in net profits for the third quarter ended December 31, 2000, to Rs 7.98 crore as against Rs 4.10 crore in the corresponding quarter last year. Sales for the quarter stood at Rs 66.75 crore, a rise of 24.07 per cent as against Rs 53.80 crore in the same period of the last fiscal.