Hyderabad, Dec 3 : Intense Technologies, a software product development company, has posted 48 percent growth in the topline during the second quarter ended Sep 30.
The company's revenues during the first half of the current financial year were Rs. 22.18 crore while it has set a target of Rs. 60 crore for the entire financial year, its officials said here Tuesday.
This is the eighth quarter in a row that the company has shown profitable growth.
Chennai, Dec 2 : India's second largest car manufacturer Hyundai Motor India Ltd. Monday said it closed last month with 10.9 percent sales fall as compared to sales logged in November 2012.
In a statement issued, the company said it sold 49,681 units (domestic 33,501 units, exports 16,180 units) last month, down from 55,762 units (domestic 34,751 units, exports 21,011 units) logged in November 2012.
Chennai, Dec 2 : The TVS Motor Company Ltd., maker of two and three wheeler sold around 9,900 lesser units last month as compared to the same period in 2012.
The company said Monday it had billed its dealers 161,908 units last month down from 171,837 units in November 2012.
While the company's two wheeler sales skid last month, its sales of three wheelers went up by 25 percent.
TVS Motor sold 155,604 two wheelers and 6,304 three wheelers the last month against 166,783 two wheelers and 5,054 three wheelers in November 2012.
The National Grid in the UK has come in the line of criticism after it said that it has recorded half-year profits worth nearly £1billion as the households come under increasing pressure due to increasing power bills.
National Grid, which transports gas and electricity around the country, earned £979million during the six months till 30 September, 2013. The firm has benefitted greatly from the a rise in distribution charges that were ultimately paid by the customers in the country.
TheUK Mail Group has recorded a 63 per cent rise in pre-tax profit during the first half of the year as it recorded a strong growth in online sales delivery.
The company, which provides parcels, mail and logistics services, announced that its pre-tax profit increased to £11.9 million pounds during the first half of the year till 30 September, 2013 compared to £7.3 million recorded during the same period of the previous year. The revenues of the firm rose 7.9 per cent to £243.4 million during the period.
Majestic Wine, which offers prosecco and Argentinian malbec, has recorded an increase in sales during the six months to 30 September as customers increased demand for its products in the UK.
Nationwide, which is one of the biggest building societies, has said that its profits have doubled as it continues to record strong growth in new business.
Nationwide chief executive, Graham Beale has dismissed claims made by former Co-op boss, Peter Marks that it will be difficult for a mutual to be a really serious competitor in the retail banking market following the troubles faced Co-op's by Co-op bank.
Gitanjali Gems on Thursday confirmed that lower sales and higher finance cost dragged its net profit down by 75 per cent in the three months ended September 30.
In a afiling with the Bombay Stock Exchange (BSE), the company said it generated a net profit of Rs 37.82 crore in the July-September quarter, as against a net profit of Rs 151.65 crore in the corresponding period of last year.
Cisco Systems has said that it expects its revenues to be 8 to 10 percent lower during the second quarter of the year.
The company said that its revenues would be lower mainly due to lower demand in key markets including China. The company indicated that it recorded a significant fall in the number of orders during the quarter in important emerging market countries and this has affected the company's ability to generate revenues in those markets.
Kolkata, India-based Coal India Ltd. (CIL) suffered second consecutive quarterly decline in profit in the three months ended September 30, as higher costs eroded the miner's margins.
CIL, the world's biggest coal miner by production, on Wednesday announced that its net profit slipped marginally to Rs 30.5 billion in the July-September quarter, from Rs 30.8 billion in the corresponding quarter of the last financial year.
A group of analysts surveyed by Thomson Reuters had projectedan average profit of Rs 35.2 billion for the miner's three-month period under review.
Utility vehicle giant Mahindra & Mahindra (M&M) on Wednesday reported a nearly10 per cent year-on-year growth in standalone net profit for the three-month period ended September 30, 2013, thanks to strong growth in the agriculture equipment segment.
The tractor-maker announced in a statement that its standalone net profit jumped 9.7 per cent year-on-year to Rs 989.5 crore in the July-September quarter. The growth was largely driven by the robust sales of tractors and other agriculture equipment on the back of good monsoon.
New Delhi, Nov 13 : ONGC Videsh (OVL), the overseas arm of state-run explorer Oil and Natural Gas Corp (ONGC), Wednesday posted a 14.37 percent increase in net profit during the first half of the current fiscal on the back of increased oil and gas output.
OVl recorded a profit of Rs. 1,886 crore in the April-September period (H1) as compared to Rs. 1,649 crore during the same period of the previous fiscal.
Revenues rose 22.5 percent to Rs. 10,060 crore during the period in question.
Fortis Healthcare Ltd on Tuesday announced a net profit of Rs 32.06 crore for the quarter ended September 30, as against a loss of Rs 28.43 crore in the corresponding three-month period of last year.
Fortis' net profit increased despite a considerable decline in its net sales. During the July-September quarter of current fiscal, the company's net sales slipped to Rs 1,281 crore, from Rs 1,493 crore in the year-ago period. The healthcare company attributed the impressive quarterly profit to its focus on the India business.
Bangalore, Nov 12 : State-run Canara Bank posted Rs. 626-crore for the second quarter (July-Sep) for this fiscal (2013-14), a decline of 5.3 percent year-on-year (YoY) from Rs. 661 crore in the same period year ago due to higher provisioning against bad loans.
"Total income, however, increased 13 percent YoY to Rs. 10,428 crore during the quarter under review (Q2), from Rs. 9,204 crore in like period a year ago," the bank said in a statement here.
Similarly, operating profit rose 11 percent to Rs. 1,425 crore from Rs. 1,282 crore a year ago.
Bangalore, Nov 12 : Indian subsidiary of German automotive major Bosch Ltd posted a net profit of Rs. 234 crore for the third quarter (July-September) of 2013, registering a 16 percent growth from the same period in 2012.
"Net sales and income from operations, however, grew marginally 3.6 percent year-on-year (YoY) to Rs. 2,104 crore during the quarter under review (Q3)," the city-based company said in a statement Tuesday.
Profit before tax rose 16 percent YoY to Rs. 324 crore.
Export revenue increased 20 percent YoY mainly due to rupee depreciation during the quarter.
New Delhi, Nov 12 : Reliance Communications' second quarter (July-September) consolidated net profit surged by 562 percent on year-on-year basis at Rs. 675 crore, the company said Tuesday.
Excluding write-back provision, the net profit was up by 129.4 percent on year-on-year basis at Rs. 234 crore.
The operating revenue was at Rs. 5,394 crore (excluding provision write-back of Rs. 441 crore), up 3.7 percent from Rs. 5,202 crore in the second quarter of previous year.
New Delhi, Nov 12 : State-run explorer Oil India (OIL) Tuesday posted a 5.34 percent drop in net profit for the second quarter ending September at Rs. 903.64 crore, as compared to Rs. 954.57 crore in the same period of the previous fiscal, owing to lower production and sales.
The turnover of the company during the quarter increased by 12.58 percent to Rs. 2,836.40 crore as compared to Rs. 2,519.37 crore during the corresponding period last year,
Mumbai, Nov 12 : Financial services firm Reliance Capital Tuesday said it has posted a net profit of Rs. 181 crore ($29 million) for the July-September quarter, led by good growth in earnings from insurance, mutual fund and commercial finance businesses.
The company's total income increased by 20 percent to Rs. 1,869 crore ($299 million), Reliance Capital, a part of Anil Ambani-led Reliance Group, said in a statement.
Apollo Tyres Ltd has posted an impressive increase of more than 44 per cent in net profit for the three-month period ended September 30, thanks to the company's focus on improving its product and customer mix across geographies.
In a filing with the Bombay stock Exchange (BSE), the Tyre giant revealed that its net profit increased 44.19 per cent, from Rs 152.2 crore in the July to September quarter of 2012 to Rs 219.47 crore in the same quarter of this year.
Net sales jumped 1.73 per cent year-on-year, from Rs 3,374.82 crore to Rs 3,433.46 crore.
New Delhi, Nov 11 : Steel Authority of India (SAIL), Monday reported a 117 percent rise in net profit to Rs. 1,180.39 crore (Rs. 11.8 billion) for the quarter ended September 30, due primarily to an exceptional gain of Rs. 1,056 crore for damages from foreign suppliers of coking coal.
The state-run steel maker had reported net profit of Rs. 543.11 crore (Rs. 5.43 billion) in the corresponding quarter of the previous fiscal 2012-13.