Company Results

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.

OBC Q1 net profit rises 3% to Rs 365 crore

OBC Q1 net profit rises 3% to Rs 365 croreNew Delhi - State-run Oriental Bank of Commerce on Monday reported 3.15 percent increase in net profit to Rs 364.54 crore for the quarter ended June 30.

The bank had reported a net profit of Rs 353.38 crore during the same quarter year-ago, Oriental Bank said in a filing to the BSE.

The bank's total income increased from Rs 5,255.7 crore for the quarter ended June 30, 2013 to Rs 5,576 crore for the quarter ended June 30, 2014.

Other income increased by 9.3 percent to Rs 588.20 crore in the quarter under review from Rs 538.05 crore earlier.

Bajaj Auto sales rise 9% in July

Bajaj Auto sales rise 9% in JulyNew Delhi - Bajaj Auto on Monday reported 9 percent increase in motorcycle sales at 2,67,841 units in July 2014.

The company had sold 2,46,828 units in the same month last year, Bajaj Auto Ltd said in a statement. BAL said exports were up 54 percent during the month at 1,69,755 units as compared to 1,10,023 units in July 2013.

In the commercial vehicles category, its sales stood at 51,451 units, up 49 percent, against 34,499 units in the same month of the previous year.

TVS Motor July sales up 32.15% to 2,03,092 units

TVS-MotorNew Delhi: Chennai-based TVS Motor Company on Saturday reported a 32.15 percent increase in its total sales at 2,03,092 units in July 2014.

The company had sold 1,53,676 units in the same month last year, TVS Motor Company said in a statement.

Total two-wheeler sales increased by 32 percent to 1,94,128 units in July 2014 as against 1,46,671 units in the same month a year ago.

Domestic two-wheeler sales stood at 1,64,571 units last month, up 30 percent, from 1,26,531 units in the year-ago period, it added.

Union Bank of India Q1 profit up 18.5% at Rs 664 crore

Union-BankMumbai: Union Bank of India today reported 18.5 percent increase in net profit at Rs 664.11 crore for the first quarter ended June 2014.

The state-owned bank had a net profit of Rs 560.22 crore during the corresponding period of the previous fiscal.

Total income of the bank rose to Rs 8,547.56 crore as against Rs 7,613.53 crore in the same quarter a year ago, Union Bank of India said in a statement.

Net interest income increased by 10.8 percent to Rs 2,117 crore against Rs 1,910 crore in the first quarter of the previous fiscal.

Hero MotoCorp sales up 8.67% in July

Hero-MotoCorpNew Delhi: Country's largest two-wheeler maker Hero MotoCorp on Friday reported a 8.67 percent increase in its total sales at 5,29,862 units in July 2014.

It had sold 4,87,545 units in the same month last year, Hero MotoCorp said in a statement.

During July, Hero MotoCorp become the first Indian two-wheeler maker to have a manufacturing facility in Latin America, where it has set up its wholly-owned subsidiary in Colombia 'HMCL Colombia SAS'.

"All the recent launches by the company, including the new Xtreme, Karizma and ZMR are driving volumes across market," Hero MotoCorp said.

Toyota Kirloskar sales declines 4.3% in July

ToyotaNew Delhi: Toyota Kirloskar Motor on Friday reported a 4.30 percent decline in total sales at 13,847 units in July 2014.

The company had sold 14,470 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.

In the domestic market, TKM sold 11,921 units in July 2014, up 3.52 percent as compared to 11,515 units in July 2013.

During the month, the company exported 1,926 units of Etios.

Bajaj Electricals shares plunge 14%; m-cap down Rs 469 cr

Bajaj-ElectricalsMumbai: Shares of Bajaj Electricals on Thursday fell sharply by 14 percent after the company's June quarter earnings failed to meet market expectations.

Bajaj Electricals stock nosedived 14.04 percent to close the day at Rs 286.65 on the BSE. Intra-day, it tumbled 14.82 percent to Rs 284.

At the NSE, it slumped 13.77 percent to Rs 288.

Ipca Laboratories Q1 net jumps over two-fold to Rs 145.49 cr

Ipca Laboratories Q1 net jumps over two-fold to Rs 145.49 crNew Delhi: Drug firm Ipca Laboratories on Thursday reported over two-fold jump in its standalone net profit to Rs 145.49 crore for the quarter ended June 30, 2014, mainly on account of robust formulations sales.

The company had posted a net profit of Rs 71.77 crore for the corresponding period of the previous fiscal, Ipca Laboratories said in a filing to the BSE.

Standalone total income from operations of the company rose to Rs 935.96 crore for the quarter under consideration from Rs 805.56 crore for the same period a year ago.

Samsung's Q2 profits drop by 25 percent

Samsung's Q2 profits drop by 25 percentWashington, July 31 - Samsung posted a 25 percent decline in its operating profits in the second quarter of 2014 as smartphone competition increases in the market.

Samsung's operating profit was 6.99 billion dollars in the second quarter, reports CNET.

The company also said that the increasing competition had led to a decline in the prices of smartphone that further reduced the profits of the company.

The South Korean electronics giant said in a press release that the sales of mobile devices might increase but the company's growth prospects remain unclear.

HCL Tech Q4 net up 53.7% to Rs 1,834 crore

HCL TechNew Delhi: India's fourth largest software services firm HCL Technologies on Thursday reported a 53.7 percent jump in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30, 2014.

The company had posted a net profit of Rs 1,193 crore in the year-ago period, it said in a statement.

Its consolidated revenues rose 20.7 percent to Rs 8,424 crore in the April-June quarter as against Rs 6,980 crore in the same period last year.

The firm follows July-June as the fiscal year.

Bharat Forge Q1 net up 60% at Rs 145 cr

Bharat Forge Q1 net up 60% at Rs 145 crNew Delhi: Auto components firm Bharat Forge on Wednesday reported 60.01 per cent jump in standalone net profit at Rs 144.97 crore for its first quarter ended June 30, 2014-15, on the back of higher sales.

The company's net profit stood at Rs 90.60 crore in the same quarter of the previous fiscal, Bharat Forge said in a filing to the BSE.

Total net sales of the company in Q1, 2014-15 stood at Rs 964.33 crore, up 24.96 per cent compared to Rs 771.65 crore during the same period 2013-14.

Ranbaxy Q1 net loss narrows to Rs 185.92 cr

RanbaxyNew Delhi: Drug firm Ranbaxy Laboratories on Tuesday reported consolidated net loss of Rs 185.92 crore for the quarter ended June 30, 2014.

The company had posted a net loss of Rs 524.24 crore for the corresponding period of the previous fiscal, Ranbaxy Laboratories said in a statement.

Consolidated net sales of the company stood at Rs 2,372.24 crore for the quarter under consideration as against Rs 2,583.94 crore for the same period year ago.

Branded and OTC category accounted for 58 per cent of total sales during the quarter at Rs 1,370 crore. Generics and others category recorded Rs 1,000 crore of sales for the quarter, it added.

Bharti Airtel Q1 net profit rises 60.9% to Rs 1,108 crore

Bharti-AirtelNew Delhi: The country's largest mobile operator, Bharti Airtel, on Tuesday reported a jump of 60.9 percent in consolidated net profit to Rs 1,108 crore for the quarter ended June 2014 on growth in mobile data revenue.

The company had reported a net profit of Rs 689 crore in the corresponding period of last fiscal, it said in a statement.

The company's total revenue rose 13.3 percent to Rs 22,962 crore for the reported quarter as compared to Rs 20,264 crore in the corresponding period.

Bank of Baroda Q1 net profit rises 16% on lower provisioning

Bank of BarodaMumbai: State lender Bank of Baroda's standalone net profit rose by 16.6 percent to Rs 1,361.88 crore in the first quarter ended June 30, 2014, on lesser provisioning and decline in NPAs.

The bank said its net profit in the April-June quarter last year stood at Rs 1,167.87 crore.

"Total income has increased from Rs 10,717.49 crore for the quarter ended June 30, 2013, to Rs 11,682.5 crore for the quarter ended June 30, 2014," it said in a filing to the BSE.

GCPL Q1 net up 8% at Rs 143.45 cr

GCPLNew Delhi: FMCG major Godrej Consumer Products Ltd (GCPL) on Monday reported 8 percent increase in its consolidated net profit for the first quarter ended June 30, 2014 at Rs 143.45 crore. The company had posted a consolidated net profit of Rs 132.71 crore in the corresponding quarter of previous fiscal.

Consolidated net sales during the period under review stood at Rs 1,886.26 crore as against Rs 1,722.30 crore in the year-ago period.

The board has declared an 100 percent interim dividend of Re 1 on share of face value Re 1, the company said in a statement.

Force Motors Q1 Net up 36% at Rs 19 crore

Force-MotorsNew Delhi: Force Motors today posted 35.87 percent increase in its net profit at Rs 19.39 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 14.27 crore for the same period of previous fiscal. Net sales of the Pune-based company rose to Rs 538.42 crore for the first quarter, as against Rs 497.13 crore in the same period of previous fiscal, Force Motors Ltd said in a BSE filing.

Force Motors sells a range of vehicles, including small commercial vehicles, multi-utility vehicles (MUVs), light commercial vehicles, sports utility vehicles (SUVs) and agricultural tractors. --- PTI

Wipro's Q1 profit up 29.6 percent

Wipro's Q1 profit up 29.6 percentBangalore, July 25 : India's third-biggest IT services exporter, Wipro Limited , posted fiscal first-quarter profit up 29.6 percent and forecast a surge in revenue on the back of stronger spending on outsourcing by overseas clients.

Bangalore-based Wipro, which inked a 10-year deal to manage IT outsourcing of Canadian energy and utilities firm Atco, said it expected IT services sales in this quarter to grow between 1.7 and 4 percent from the quarter ended June.

PNB Q1 net rises 10% to Rs 1,405 crore

Punjab National BankNew Delhi: State-owned Punjab National Bank (PNB) on Friday reported 10 percent growth in net profit to Rs 1,405.12 crore for the April-June quarter of 2014-15.

In the year-ago period, the bank had reported a net profit of Rs 1,275.32 crore, PNB said in a regulatory filing to the stock exchanges.

The bank's total income increased to Rs 12,825.13 crore during the first quarter ended June 30 from Rs 11,746.59 crore in the same period last year.




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