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50 p. c. interim from Sundaram Brake

Sundaram Brake Linings has achieved a net profit of Rs. 6.39 crores in the nine months ended December 31, 2003 against Rs. 5.80 crores. Net sales were higher at Rs. 87.75 crores against Rs. 76.19 crores. The company has declared an interim dividend of 50 per cent for the year ending March 2004.

Net sales for the quarter ended December 31, 2003 were Rs. 29.92 crores against Rs. 26.53 crores. The profit before depreciation and interest charges has increased to Rs. 4.87 crores from Rs. 4.71 crores and the profit after tax to Rs. 2.35 crores from Rs. 2.29 crores.

Ashok Leyland

Ashok Leyland has reported a 63 per cent jump in net profit for the third quarter of the current year, on the back of a robust growth in sales volume at 12,489 vehicles (7,776 vehicles in Q3 of last year) and a 65 per cent compression in financial expenses.

Sales turnover grew by 50 per cent to Rs. 987.41 crores from Rs. 659.69 crores. While other income contributed Rs. 1.80 crores (Rs. 1.23 crores), financial expenses were down to Rs. 4.51 crores (Rs. 12.87 crores). The net profit has grown to Rs. 37.98 crores from Rs. 23.28 crores.

TVS Motor

TVS Motor Company recorded cumulative revenues of Rs. 2,127 crores and a cumulative profit before tax of Rs. 150 crores for the period April-December 2003 against Rs. 2,054 crores and Rs. 145 crores respectively in the corresponding period of last year. Similarly the profit after tax of Rs. 97 crores for the same period is higher than Rs. 90 crores in the previous year.

The company recorded a turnover of Rs 682 crores and profit before tax of Rs. 43 crores during the third Quarter ended December 2003 compared to a turnover of Rs.713 crores and Rs. 53 crores respectively during the same period last year.

Ranbaxy

Ranbaxy Laboratories and its subsidiaries recorded net consolidated sales of Rs. 4516.50 crores for the year ended December 31, 2003 against Rs. 3713.80 crores, registering a growth of 22 per cent. The profit before tax at Rs. 1018.10 crores (Rs. 833.40 crores), registered a growth of 22 per cent, while the profit after tax and minority interest was Rs. 739.30 crores (Rs. 647 crores).

Chennai Petroleum

Chennai Petroleum has come out with impressive results with a sharp rise in the net profit to Rs. 105.26 crores in the three months ended December 31, 2003 from Rs. 32.38 crores in the year-ago. Income from operations stood at Rs. 2,207.91 crores (Rs. 2,042.58 crores). S. V. Narasimhan, Managing Director of the company, attributed the improved performance to higher refining margins (around $4 per barrel) and production of value-added products.

Liberty Shoes

Liberty Shoes has logged a turnover of Rs. 57 crores in the third quarter ended December 31, 2003 as compared to Rs. 17.25 crores in the same period in the previous year.

The net profit has risen by 123 per cent to Rs. 2.93 crores from Rs. 1.31 crores.

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