Company Results

Tata Motors global sales down 10.4% in June

Tata-MotorsNew Delhi: Tata Motors on Friday reported a 10.46 percent decline in global sales, including that of Jaguar Land Rover (JLR), to 75,623 units in June.

The company had sold 84,458 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 44,239 units, as against 42,881 units in June 2013, up 3.16 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 17.96 per cent to 36,021 units in June, compared to 30,536 units in the same month last year.

Rolls-Royce announces record half-year sales

Rolls-RoyceNew Delhi, July 9 (ANI-Businesswire India): Rolls-Royce Motor Cars today announced that the company has enjoyed a record half-year in 2014, with sales increasing by 33 per cent worldwide compared with the same period in 2013.

Sales growth was seen in all regions, with a particularly strong performance in Europe, up by over 60 per cent, Asia Pacific up by almost 40 per cent and the Middle East up by over 30 per cent. The United States and China also saw double-digit growth. In Europe, strong performance was seen in Germany, with sales doubling.

Samsung forecasts 25 per cent drop in profits for second quarter

Samsung ElectronicsLondon, July 9 - Samsung Electronics has forecast a 25 per cent drop in profit for the second quarter due to a slowdown in the smartphone market and a strong Korean currency.

It expects to make an operating profit of 7.2 trillion Won (USD7.1 billion) in the April-to-June period, down from 9.5 trillion Won a year ago, reports the BBC.

A stronger Korean currency (rising 11 per cent against the dollar) has also hurt Samsung's earnings during the period.

Its operating profit has now fallen for three straight quarters.

Maruti, Hyundai sales up in June as excise cut propels growth

Maruti-HyundaiNew Delhi: Buoyed by excise duty reduction, domestic car sales saw an upswing in June with major firms, Maruti Suzuki, Hyundai, Honda, Mahindra & Mahindra, Toyota and Ford reporting growth.

Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.

The country's largest car-maker Maruti Suzuki India (MSI) said its domestic sales rose 31 percent during the month to 1,00,964 units as against 77,002 units in June 2013.

HDFC Life expects premium growth of 10-15% in FY'15

HDFC-LifeNew Delhi: Private sector insurer HDFC Life on Tuesday said it expects premium growth of up to 15 percent in the current fiscal as the market conditions have improved.

"We expect a growth of 10-15 percent in 2014-15," HDFC Life Senior EVP (marketing) Sanjay Tripathy said.

The company's total premium witnessed 7 percent growth at Rs 12,063 crore in 2013-14, compared to Rs 11,323 crore in the previous fiscal.

Assets Under Management of the company grew by 25 percent to Rs 50,258 crore, from Rs 40,108 crore in 2012-13.

Adobe results beat estimates on strong subscription growth

Adobe results beat estimates on strong subscription growthAdobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly profit and revenue, helped by higher subscription sales of its Creative Cloud and Marketing Cloud suites.

Adobe`s shares rose 8.6 percent in after-hours trading.

"These results reflect Adobe is continuing to execute well through its transition to the cloud, which continues to be a key ingredient in the company`s long-term recipe for success," FBR Capital Markets analyst Samad Samana told Reuters.

Nissan India sales up over two-fold in May

Nissan India sales up over two-fold in MayNew Delhi: Japanese car maker Nissan today reported over two-fold increase in sales at 5,021 units in India for the month of May.

The company had sold 2,080 vehicles in May 2013, Nissan Group of India said in a statement.

The newly launched brand Datsun GO contributed 1,992 units, it added. Commenting on the sales performance, Nissan Group of India President Kenichiro Yomura said: "Our sales performance has been encouraging since the start of FY'14 and our aim is to continue to remain progressive on our performance.

SAIL registers 11% growth in May sales

SAIL registers 11% growth in May salesNew Delhi: State-run steel maker SAIL registered a growth rate of 11 percent in sales at 1.06 million tonnes (MT) in May this year.

The steel giant had registered sales at 0.96 MT in the same month last year.

"Rise in exports was to the tune of 76 percent on a y-o-y basis during the month. Production at SAIL plants kept pace with hot metal production of 1.26 MT achieved in May, registering a y-o-y growth of 4 percent," SAIL said in a statement.

Yamaha domestic sales up 40.14 %

YamahaNew Delhi: Yamaha Motor India on Monday reported 40.14 percent increase in domestic two-wheeler sales at 47,680 units last month.

It had sold 34,021 units in May 2013, Yamaha Motor India said in a statement.

The company last month exported 19,440 units as compared to 15,356 units sold in May last year, up 26.6 percent.

Yamaha Motor India Sales Pvt Ltd Vice President (Sales & Marketing) Roy Kurian said: "This has been a good month for us as we witnessed brisk growth due to our excellent product line-up and innovative customer-centric activities."

Bajaj Auto reports 3% increase in motorcycle sales

Bajaj-AutoMumbai: Bajaj Auto has reported 3 percent increase in motorcycle sales at 3,13,020 units last month.

It had sold 3,04,780 bikes in May last year, Bajaj Auto Ltd said in a press release on Monday.

Its overall sales, including commercial vehicles, also rose by 4 percent to 3,51,436 units in May 2014 from 3,39,348 units sold a year ago, the company said.

The commercial vehicle sales, however grew by 11 percent to 38,416 in the reporting month as against 34,568 in the corresponding month of 2013, Bajaj Auto said.

Ford India doubles its May sales

Ford India doubles its May salesChennai, June 2 : Car maker Ford India Monday said it sold 12,288 units last month, up from 5,993 sold in May 2013.

In a statement, the company said domestic sales stood at 6,053 units last month, up from 4,002 units sold in the corresponding period of the previous year.

The company exported 6,235 vehicles, against 1,991 units in the corresponding period last year.

TVS Motor logs sales growth in May

TVS-MotorChennai, June 2 : Two- and three-wheeler manufacturer TVS Motor Company Ltd. closed May with 27 percent sales growth, the company said Monday.

In a statement the company said it sold 210,293 units last month, up from 165,151 units sold in May 2013.

Total two-wheeler sales increased from 159,346 units in May 2013 to 201,234 units in May 2014.

Three-wheeler sales of the company grew from 5,805 units in May 2013 to 9,059 units in May 2014.(IANS)

Maruti Suzuki's June sales up 19 percent in May

Maruti-SuzukiNew Delhi, June 2 : India's largest passenger car manufacturer Maruti Suzuki Monday reported an increase of 19.2 percent in its total sales, including exports, for June at 100,925 units.

The company had sold 84,677 units in the corresponding month of 2013.

The company's domestic sales surged by 16.4 percent to 90,560 units during the month under review as compared to 77,821 units sold in the corresponding month of last year.

Maruti Suzuki exported 10,365 units last month, which was a rise of 51.2 percent from 6,856 units sold overseas during the corresponding month of 2013.

Hyundai Motor's May sales down nine percent

Hyundai-MotorChennai, June 2 : Automobile manufacturer Hyundai Motor India Monday reported a fall of nine percent in its sales for May at 51,718 units from 56,856 units in the corresponding month of last year.

However, the company said its domestic sales during the month under review grew by 12.8 percent and stood at 36,205 units - up from 32,102 units sold in the corresponding month of 2013.

The company's exports last month crashed by 37.3 percent at 15,513 units - down from 24,754 units shipped out during the corresponding month of last year.

DLF scrip rises 4.04 percent on healthy Q4 earnings

DLF scrip rises 4.04 percent on healthy Q4 earningsMumbai, May 30 : The scrip of India's real estate development major DLF gained 4.04 percent on back of healthy earnings in the fourth quarter of the last fiscal ended March 31.

In the initial trading hours at the Bombay Stock Exchange (BSE) the company's stocks gained as much as 4.04 percent at Rs. 212 from its previous close of Rs. 203.75.

The scrip's gain stood at 1.94 percent or 3.95 points at Rs. 207.70 around 2.00 p. m.

Indian Oil posts over 35 percent fall in Q4 net profit

Indian-OilNew Delhi, May 29 : Indian Oil Corp (IOC) Thursday posted a fall of 35.30 percent in net profit for the fourth quarter ended March at Rs. 9,389.85 crore, as compared to Rs. 14,512.81 crore for the same quarter in the previous year.

However, the state-run oil marketer's total income from operations rose by 5.75 percent at Rs. 134,867.42 crore for the quarter in question, as compared to Rs. 127,534.77 crore for the quarter ended March 2013.

Coal India Q4 net profit drops 18 percent

Coal-India-LtdKolkata, May 29 : State miner Coal India (CIL) Thursday posted an 18 percent drop in consolidated net profit at Rs. 4,434.19 crore for the fourth quarter ended March, as compared to that of Rs. 5,413.91 crore in the same quarter of fiscal 2013.

The world's largest miner ascribed the fall to a write-off caused by a dispute with state-run generator NTPC on the quality of coal supplied.

Hero MotoCorp Q4 net declines over 3 percent

Hero-MotoCorpNew Delhi, May 28 : Two-wheeler major Hero MotoCorp Wednesday reported a 3.44 percent decline in its standalone net profits for the fourth quarter ended-March.

The company recorded a net profit of Rs. 554.43 crore during the January-March quarter as against that of Rs. 574.23 crore in the same quarter of previous fiscal.

JK Tyre net profit rises 29 percent

JK-TyresNew Delhi, May 28 : JK Tyre and Industries Wednesday reported a 29.37 percent rise in its net profit at Rs. 263.02 crore for the year ended March 31, 2014.

The company posted an operating profit of Rs. 890 crore for the fiscal under review posting an year-on-year increase of 41 percent.

The company's turnover in the period grew by nine percent at Rs. 8,279 crore.

Commenting on the figures, chairman and managing director of JK Tyre Raghupati Singhania said the company has performed well despite a subdued demand for tyres.

SJVNL earns net profit of Rs.1,114.63 crore

SJVNLShimla, May 28 : Power utility Satluj Jal Vidyut Nigam Ltd (SJVNL) Wednesday declared that it earned a net profit of Rs. 1,114.63 crore in the last fiscal which was around six percent more than that of the previous fiscal.

In 2012-13, SJVNL's net profit was Rs. 1,052.34 crore, the company said in a statement here. It said the board of directors of the company, which met in New Delhi Wednesday, recommended a dividend payout of Re. 0.98 per share.

The net dividend payout, excluding taxes, for 2013-14 was Rs. 405.39 crore, the highest so far.


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