New Delhi: Cairn India on Thursday reported a 53 percent drop in its December quarter net profit, crimped by the slump in global oil prices and drop in production.
Net profit in October-December at Rs 1,350 crore, or Rs 10.72 per share, was 53 percent lower than Rs 2,884 crore, or Rs 16.86 a share, in the same period a year ago, Cairn said in a statement here.
Profits were down as the price of oil it realised fell 29 percent to USD 68.7 per barrel from USD 96.3 in third quarter of previous fiscal.
Revenue fell 30 percent to Rs 3,504 crore.
Cairn's showpiece Rajasthan field output was 4 percent lower at 178,400 barrels of oil per day.
Mumbai: Country's largest software exporter TCS on Thursday reported a marginal dip in net profit at Rs 5,328 crore in December quarter due to lower margins, a tepid performance compared to rival Infosys that beat market expectations to log 13 per cent jump in profits.
The Tata group firm had posted a post-tax profit of Rs 5,333 crore under the IGAAP system of accounting in the December quarter last year, while its profit in the preceding September quarter stood at Rs 5,244 crore.
TCS' operating margin dipped by 2.88 percent as compared to last year, to 26.9 percent, but was up 0.21 percent over the preceding September quarter.
New Delhi: Yamaha Motor India on Saturday reported 12.13 per cent increase in domestic two-wheeler sales at 44,602 units in December 2014.
The company had sold 39,777 units in December 2013.
Commenting on the sales performance, Yamaha Motor India Sales Vice President (Sales & Marketing) Roy Kurian said: "Our relentless efforts to rev up sales, backed by innovative marketing strategies and an impeccable product portfolio across segments, have reaped robust results."
For the calendar year 2014, Yamaha clocked domestic sales of 5,66,586 units, as against 4,61,814 units in 2013 -- registering 22.68 per cent growth.---PTI
New Delhi - Bajaj Auto on Friday reported 5.52 percent decline in motorcycle sales to 2,46,233 units in December 2014.
The company had sold 2,60,645 motorcycle units in the year-ago period, Bajaj Auto Ltd (BAL) said in a statement.
BAL said exports were up 10.20 percent during the month at 1,66,134 units as compared to 1,50,753 units in the same month, a year ago.
In the commercial vehicles category, its sales stood at 43,011 units, up 15.83 percent, as against 37,131 units in December 2013.
The total vehicle sales of the company during last month stood at 2,89,244 units, down 2.86 percent, as against 2,97,776 units in the same month a year-ago, the statement added. PTI
Washington, Jan 01 : China's leading smartphone manufacturers Huawei has reportedly seen a surge in its revenues to 11.8 billion dollars, while exceeding 75 million units shipments in 2014.
According to reports, the leading smartphone makers' revenue rose by nearly one-third to 11.8 billion dollars.
Richard Yu, head of Huawei's consumer business, said in a memo that smartphone shipments for the company exceeded 75 million units, an increase of 40 percent from the preceding year, both news organizations, CNet reported.
New Delhi - Country's largest car-maker Maruti Suzuki India (MSI) on Thursday reported a 20.8 percent increase in total sales in December at 1,09,791 units.
The car maker had reported sales of 90,924 units in the same month last year.
Following the release of strong sales numbers, shares of Maruti were trading 0.50 percent higher at Rs 3,344 in an otherwise weak general market.
The company said its domestic sales increased by 13.3 percent during the month to 98,109 units as against 86,613 units in December, 2013.
Exports during the month rose by nearly three-fold to 11,682 units compared to 4,311 units in December last year, MSI said in a statement.
New Delhi: Country' largest car maker Maruti Suzuki India is set for a record sales in 2014 at over 11.48 lakh units driven by growth across segments but it expressed concerns that a hike in excise duty could hurt the overall auto industry.
The company is awaiting a clarity on the amendment to the Company's Act before going ahead with the minority shareholders' voting on its plans to let parent Suzuki Motor Corp own and invest at the upcoming Gujarat plant.
Washington, Dec 20 : Even as Blackberry's revenue continued to fall over the last three months, it managed to narrow down its losses in comparison to previous year.
According to PC World, revenue for the three months, BlackBerry's third fiscal quarter, fell to US 793 million dollars, compared to 916 million dollars in the preceding three months and 1.19 billion dollars a year earlier.
The company incurred a net loss of 148 million dollars for its third fiscal quarter against 207 million dollars in the second quarter.
Washington, Dec 05 - Microsoft has reportedly incurred losses to the tune of 238 million dollars after selling its stake in Nook e-book reader business back to Barnes and Noble.
The tech giant had purchased a 17.6 percent stake in the digital e-book reader in a 300 million dollar-deal in April 2012 but sold it back to Barnes and Noble for just 62 million dollars in cash. Microsoft is holding onto 2.7 million shares of Barnes and Noble stock, worth about 62.5 million dollars, reported the CNN.
Barnes and Noble said that the deal would allow "operational and strategic flexibility" for the Nook business.
Washington, Nov 26 : Hewlett-Packard has netted an income of 2 billion dollars or 70 cents per share in the fourth quarter, an earnings report released by the company said.
The company's non-GAAP earnings were 1.06 dollars per share on revenue of 28.4 billion dollars and saw a decline of 2 percent year over year, reported CNET.
The Wall Street was looking for earnings of 1.06 dollars per share on revenue of 28.76 billion dollars. Therefore, HP's shares fell slightly by 2.6 percent in after-hours trading.
The company had recorded earnings of 3.74 dollars per share and revenue of 111.6 billion dollars for fiscal 2014.
Washington, Nov 01 : Sony's mobile unit reported a net loss of 1.2 billion dollars during its fiscal second quarter as its mobile business took a hit.
According to CNET, Sony overall generated 17.4 billion dollars in revenue during its fiscal second quarter, which ended September 30.
The total revenue saw an increase of up to 7.2 percent as compared with the same period last year, which is attributed to the popularity of the company's PlayStation 4.
However, the company's mobile unit reported a quarterly operating loss of 1.6 billion dollars on 2.8 billion dollars in revenue.
New Delhi - Two-wheeler maker Royal Enfield on Saturday reported 47.45 per cent increase in its total sales in October at 26,039 units as against 17,659 units in the same month last year.
Domestic sales also increased by 47.4 per cent at 25,510 units last month as against 17,306 units in October 2013, the company said in a statement.
Exports during the month stood at 529 units as against 353 units last year, up 49.85 per cent. (PTI)
New Delhi - Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported a 1.1 per cent decline in total sales in October at 1,03,973 units as against 1,05,087 units in the same month last year.
The company said its domestic sales rose by 1 per cent during the month to 97,069 units as against 96,062 units in October, 2013.
Sales of mini segment cars, including M800, Alto, A-Star and WagonR, declined by 9.2 per cent to 35,753 units compared to 39,379 units in the year-ago month, MSI said in a statement.
New Delhi - Drug firm Ranbaxy Laboratories Tuesday reported a consolidated net profit of Rs 477.75 crore for the quarter ended September 30, 2014 on account of robust sales.
The company had posted a net loss after tax, minority interest and share in loss of associates of Rs 454.16 crore for the corresponding period of the previous fiscal, Ranbaxy Laboratories said in a filing to BSE.
Consolidated net sales of the company stood at Rs 3,218 crore for the quarter under consideration as against Rs 2,750.17 crore for the same period year ago, it added.
New Delhi - HDFC Bank on Tuesday reported a 20 percent rise in its September quarter net profit to Rs 2,381.5 crore.
The bank had earned Rs 1982.32 crore net profit in July-September quarter of the last fiscal, HDFC said in a filing to the stock exchanges.
Bank's total income was at Rs 13,894.7 crore in Q2, up from Rs 11,937.7 crore in the same period last year.
HDFC said September-quarter provisions was up at Rs 455.9 crore as against Rs 385.9 crore in the corresponding period of previous fiscal.
New Delhi: India's fourth largest software services provider HCL Technologies on Friday reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.
The company had posted a net profit of Rs 1,416 crore in the year-ago period, it said in a BSE filing.
Consolidated revenues grew 9.7 per cent at Rs 8,735 crore in the July-September quarter of this fiscal as against Rs 7,961 crore in the same quarter of the previous fiscal.
The firm follows July-June as the fiscal year.
New Delhi: The market valuation of top-five Indian companies fell by Rs 42,519.88 crore last week, with IT major TCS taking the biggest hit.
While TCS, ITC, CIL, HDFC Bank and Sun Pharma saw losses in their valuation, ONGC, RIL, Infosys, SBI and ICICI Bank made gains.
The market capitalisation (m-cap) of TCS plunged by Rs 18,911.52 crore to Rs 5,24,772.61 crore. ITC's m-cap tanked by Rs 8,691.94 crore to Rs 2,81,610.82 crore, while Sun Pharma lost Rs 8,626.15 crore to Rs 1,69,582 crore.
The valuation of CIL fell by Rs 6,000.55 crore to Rs 2,11,313.97 crore and HDFC Bank lost Rs 289.72 crore to Rs 2,09,309.66 crore.
Bangalore: Beating market expectations, IT major Infosys on Friday posted 28.6 percent jump in consolidated net profit to Rs 3,096 crore for the quarter ended September 30.
The Bangalore-based firm had reported a net profit of Rs 2,407 crore in the year-ago period, it said in a BSE filing.
Consolidated revenue was up 2.9 percent to Rs 13,342 crore in the said quarter from Rs 12,965 crore in the year-ago period.
In the April-June quarter this fiscal, Infosys reported a net profit of Rs 2,886 crore and a revenue of Rs 12,770 crore.
Washington, Oct 7 - Samsung is reportedly expecting a 60 percent drop in profits for the third quarter of 2014, blaming higher marketing costs and lower handset sales.
This would be the fourth straight quarterly drop for the South Korean company.
The South Korean electronics giant said it expects to record an operating profit of 4.1 trillion won ($3.8 billion) for the quarter ended September 30, a 59.7 percent drop from the year-ago quarter. The company also said it expects sales for the quarter to come in around 47 trillion won, a 20 percent decline, CNET reported.
New Delhi - The country's largest carmaker Maruti Suzuki India today reported 4.6 percent increase in its total sales in September 2014 at 1,09,742 units as against 1,04,964 units in the same month previous year.
Domestic sales during the month stood at 99,290 units, up 9.8 percent from 90,399 units in September previous year, Maruti Suzuki India (MSI) said in a statement.
Sales of mini passenger cars, including Alto, A-Star and WagonR were down 13.4 percent at 35,547 units as against 41,061 units in the same month previous year.
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