Bajaj Auto second quarter net profit falls 8.14 per cent

Bajaj Auto Ltd (Bal) has recorded an 8.14 per cent decline in net profit at Rs 132 crore for the second quarter ended September 30 as compa...

Bajaj Auto Ltd (Bal) has recorded an 8.14 per cent decline in net profit at Rs 132 crore for the second quarter ended September 30 as compared to Rs 143.7 crore recorded in the same period of last year. Sales and income from operations shot up to Rs 1,183.2 crore as against Rs 1,057.1 crore in the Q2 of 2001, BAL said in a release. For the first half ended September 30, BAL’s net profit was down at Rs 253.8 crore (Rs 264.5 crore) while income from operations was at Rs 2,385.9 crore (Rs 1,972 crore), it said adding the net profit for H1 was lower since the premium on insurance venture, received by the company in the previous year attracted a lower tax rate. The company said its exports during the H1 increased by 129 per cent in numbers at Rs 145.5 crore as against Rs 64.4 crore in the same period of the previous year. Bajaj shares however closed up at Rs 400.25 on the BSE in an otherwise bearish market. Bajaj’s shares jumped to a high of Rs 404.20 soon after the results.

Raymond Q2 net dips 15.72 per cent

MUMBAI: RAYMOND Ltd’s net profit has dipped by 15.72 per cent to Rs 34.41 crore for the second quarter ended September 30, 2002 as compared to Rs 40.83 crore in the same period of previous year. The company’s net sales or income from operations in the reporting quarter stood marginally higher at Rs 295.59 crore as against Rs 294.99 crore in the Q2 of 2001, chairman and managing director Gautam Singhania said in a release here. For the half year ended September 30, the company’s net profit was at Rs 38.72 crore (Rs 36.19 crore) and net sales were at Rs 462.29 crore.

Aptech second quarter net at Rs 2.34 crore

MUMBAI: IT education company Aptech Ltd has posted a net profit at Rs 2.34 crore for the second quarter ended September 30. The company’s income from operations for the reporting quarter stood at Rs 41.11 crore, Aptech Ltd said in a release here on Wednesday. ‘‘The general business scenario in the IT industry is showing signs of visible improvement with the levels of recruitment of it professionals reflecting an upswing in past few months’’, CEO and managing director Pramod Khera said.

PNB Gilts net up 80 pc in quarter two

NEW DELHI: PNB Gilts on Wednesday announced a 80 per cent jump in net profit at Rs 30.01 crore during second quarter of this fiscal as against Rs 16.63 crore during July-September 2001. The total income of thee second quarter from Rs 42.10 crore during the year-ago period. ‘‘This impressive performance managing director Arun Kaul said.

Prashant Kishor: ‘Democracy not weak… Those saying people will lose vote rights are fools’

Political Pulse18 min ago

Political strategist-turned-politician Prashant Kishor launched his Jan Suraaj Party (JSP) after three years touring Bihar. The coming Assembly polls will be the first test of his goal to emerge as the third alternative in Bihar politics. Kishor speaks to The Indian Express about his party’s campaign, and the issues being raised by his rivals.

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