Company Results

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.

Tata Steel's consolidated profit plunges 70% to Rs 337 cr in Q1

Tata-SteelNew Delhi: Global steel giant Tata Steel's consolidated net profit plunged by 70.38 percent to Rs 337.33 crore in the April-June quarter, mainly due to Rs 1,577 crore write-down in a project.

Tata Steel group had reported a net profit of Rs 1,139.01 crore during the corresponding quarter in 2013-14 .

Net profit for the quarter came in at Rs 337 crores, affected by exceptional charges despite improved operating performances across all geographies, the company said in a statement.

BHEL shares tank 8% post disappointing earnings

BHEL shares tank 8% post disappointing earningsMumbai: Shares of state-run BHEL fell sharply by 8 percent in morning trade after the company's June quarter earnings came in below market expectations.

BHEL's stock slumped 7.73 percent to Rs 206.40 on the BSE.

At the NSE, the scrip tumbled 8 percent to Rs 206.20.

The stock was the worst performer among the blue-chips on both Sensex and Nifty during the early trade.

"BHEL's numbers were significantly below expectations," said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities.

IOC posts Rs 2,523 crore profit in June quarter

IOC posts Rs 2,523 crore profit in June quarterNew Delhi: Indian Oil Corporation (IOC), the nation's biggest oil firm, Tuesday reported a net profit of Rs 2,523 crore in the June quarter after government and upstream firms made good most of its losses on fuel sales.

It had reported a net loss of Rs 3,093.23 crore in April- June of last year on delays in payment of government subsidy.

"The net profit was mainly because of a foreign exchange gain of Rs 128 crore in Q1 as compared to a foreign exchange loss of Rs 4,024 crore," IOC Chairman B Ashok told reporters here.

Godrej Industries Q1 net up 46% at about Rs 78 crore

Godrej-IndustriesNew Delhi: Godrej Industries today posted 45.91 percent growth in consolidated net profit at Rs 77.70 crore for the first quarter ended June 30, 2014-15.

It had reported net profit of Rs 53.25 crore in the April- June period of the 2013-14 fiscal, Godrej Industries said in a BSE filing.

Net sales of the company stood at Rs 2,290.88 crore in Q1, 2014-15, up 23.67 percent as compared to Rs 1,852.4 crore in the same period last fiscal.

Mahindra Q1 profit declines 5.98% to Rs 881.78 crore

MahindraMumbai: Homegrown auto major Mahindra & Mahindra on Friday reported a 5.98 percent decline in its standalone net profit at Rs 881.78 crore for the first quarter ended June 30, 2014.

The auto major had posted a net profit of Rs 937.91 crore during the same period a year ago.

Net sales on a standalone basis during the April-June quarter declined marginally to Rs 10,597.07 crore from Rs 10,607.27 crore, Mahindra & Mahindra said in a filing to the BSE.



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