Company Results

Microsoft incurs 238 mln dollar loss on Nook sale

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.

HP nets 2 billion dollars in Q4

Hewlett-PackardWashington, 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.

Sony reports 1.2bn dollars net loss in Q2 as mobile business takes a hit

SonyWashington, 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.

Royal Enfield sales up 47% in October

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)

Maruti Oct sales dip 1.1% to 1,03,973 units

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.

Ranbaxy posts Q2 net profit of Rs 477.75 cr

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.

HDFC Bank posts 20% rise in Q2 net profit to Rs 2,381.5 crore

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.

PTI

HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore

HCL TechnologiesNew 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.

Top five firms lose Rs 42,519.88 cr in market valuation

HDFC BankNew 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.

Infosys Q2 net up 28.6% to Rs 3,096 crore; revenues up 2.9%

InfosysBangalore: 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.

Samsung expects 60 percent fall in Q3 profits

SamsungWashington, 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.

Maruti Suzuki India September sales up 4.6% at 1,09,742 units

Maruti-SuzukiNew 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.

Qantas suffers biggest annual loss of 2.8 billion dollars

qantas-airlinesLondon, Aug 28 : Australia's national flag carrier Qantas has reportedly suffered its biggest annual loss of 2.8 billion Australian dollars till June this year.

According to the BBC, analysts said that they had predicted a loss of around 750 million Australian dollars.

Qantas authorities said that several reasons including poor consumer spending, weak domestic demand and rising fuel costs contributed to the shocking loss.

This has been the worst result for the company till date in its entire history.

The firm's loss before the taxes, however, had been 646 million Australian dollars. (ANI)

Indian agrochemical industry to reach USD7.5 bn by FY19: Report

Indian agrochemical industry to reach USD7.5 bn by FY19: ReportMumbai : Indian agrochemical industry is estimated at USD 4.25 billion in FY14 and is expected to grow at 12-13 percent per annum to reach USD 7.5 billion by FY'19, says a report.

"Indian crop protection industry is estimated at USD 4.25 billion in FY14 of which 50 percent are exports. The crop protection industry has experienced strong growth in the past and is expected to grow further at 12-13 percent per annum to reach USD 7.5 billion by FY2018-19.

Reliance General Insurance Q1 profit up 138%

Reliance-General-InsuranceNew Delhi: Reliance General Insurance has saw its profits more than double to Rs 24.3 crore in the first quarter of 2014-15, as the total number of policies sold during the period crossed the one-million mark.

The company, a leading private sector general insurance player and part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, also beat the overall industry trends with a significant surge in its premium collection.

SpiceJet flies into Rs 124 crore quarterly loss

SpiceJetNew Delhi: SpiceJet Thursday reported a net loss of Rs 124.10 crore for the three months ended June, mainly bogged down by higher expenses.

The no-frills carrier had a net profit of Rs 50.56 crore in the year-ago period.

In the first quarter of current fiscal, the airline saw its total income from operations slide to Rs 1,691.04 crore from Rs 1,701.54 crore recorded in the same period a year ago.

Besides, the company's expenses climbed to Rs 1,782.95 crore in the latest June quarter. In the comparable period, the same stood at Rs 1,641.93 crore.

Tata Motors global sales down 8% in July

Tata-MotorsNew Delhi: Tata Motors Thursday reported an 8.46 percent decline in global sales to 80,151 units in July.

The company had sold 87,566 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 49,001 units, as against 46,684 units in July 2013, up 4.96 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 12.24 percent to 39,467 units in July, compared to 35,162 units in the same month last year.

Sales of commercial vehicles declined 23.8 percent in July to 31,150 units from 40,882 units a year ago.---- PTI

GMR posts Rs 593-crore consolidated loss for June quarter

gmr infrastructureHyderabad: GMR Infrastructure on Thursday posted a Rs 593-crore loss on a consolidated basis for the quarter ended June 30 as against a net loss of Rs 326 crore in the same period last year, due to higher interest cost, depreciation and scrapping of user development fee by AERA at Hyderabad airport.

In a filing to the stock exchange, the company said its total income (including other income) during the period rose to Rs 2,796 crore from Rs 2,689 crore a year ago.

The company shelled out Rs 832 crore towards finance cost during the quarter against Rs 610 crore in the same quarter last year.

FTIL Q1 net profit up 58% at Rs 128 cr

FTIL Q1 net profit up 58% at Rs 128 crNew Delhi - Financial Technologies (India) Ltd on Wednesday posted 58 percent jump in standalone net profit at Rs 128.24 crore for the first quarter ended June 30, 2014-15, on account of higher income.

The Jignesh Shah-led company had reported net profit of Rs 81.2 crore in the year-ago.

In a filing to the BSE, the FTIL said that total income increased to Rs 216 crore Q1, 2014-15 from Rs 169.54 crore in the same quarter of last fiscal, 2013-14.

The company has also declared first interim dividend of Rs 2 per share to be paid on September 5, the filing added.

ONGC net profit up 19% at over Rs 4,000 crore

ONGCNew Delhi: State-owned Oil and Natural Gas Corp on Wednesday reported 19 percent rise in net profit for the April-June quarter on realising higher crude oil prices.

Net profit of Rs 4,782 crore was 19.07 percent higher in the first quarter of 2014-15 than Rs 4,016 crore logged in the year-ago period, ONGC said in a statement here.

ONGC, which had almost flat crude oil production in Q1, had a net realisation of USD 47.51 per barrel as compared to USD 40.33 a barrel in Q1, 2013-14.

This was despite the subsidy outgo rising 4 percent to Rs 13,200 crore.



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