Company Results

Glenmark Pharma Q1 Net up 43.7% at Rs 184.8 crore

Glenmark-Pharma-LtdNew Delhi: Glenmark Pharmaceuticals Thursday reported 43.7 percent jump in consolidated net profit at Rs 184.8 crore for the first quarter ended June 30, 2014.

The company had posted net profit of Rs 128.6 crore in the same quarter of the previous year.

Consolidated net sales of the company rose by 19.38 percent to Rs 1,477.8 crore during the quarter under review, as against Rs 1,237.8 crore in the same period of previous fiscal, Glenmark Pharma said in a BSE filing.

Pfizer Q1 Net dips 3% at Rs 46 cr

PfizerNew Delhi: Drug firm Pfizer Thursday reported 3.10 percent decline in net profit at Rs 46.15 crore for the first quarter ended June 30, 2014.

The company had posted a net profit of Rs 47.63 crore in the same period of previous fiscal.

Net sales of the company, however, rose to Rs 239.85 crore during the first quarter, as compared to Rs 237.53 crore in the same period of previous fiscal, Pfizer Ltd said in a filing to the BSE.

Shares of Pfizer today closed at Rs 1,412.05 apiece on the BSE, down 0.45 percent from previous close.--- PTI

Axis Bank Q1 Net up over 18% at Rs 1,667 crore

Axis Bank Q1 Net up over 18% at Rs 1,667 croreMumbai: Private sector Axis Bank Tuesday reported 18.3 percent growth in net profit at Rs 1,667 crore for the first quarter ended June 2014.

The bank had earned a net profit of Rs 1,409 crore in the April-June quarter of 2013-14, Axis Bank said in a statement.

Total income of the bank rose to Rs 9,980.47 crore during the quarter under review as against Rs 9,059.12 crore in the same period last year.

The net interest margin for the bank rose to 3.88 percent in the April-June quarter, against 3.86 percent in the same period of the previous year.

HDFC shares up 3% after Q1 earnings

HDFC shares up 3% after Q1 earningsMumbai: Shares of Housing Development Finance Corporation Monday rose by 3 percent after the company reported 14.6 percent rise in its standalone net profit for the first quarter ended June 2014.

HDFC's shares ended 3.06 percent up at Rs 1,011.05 on the BSE. During the day, it gained 3.53 percent to Rs 1,015.75.

The stock was the top gainer among the 30-Sensex blue-chips.

Rise in the stock was instrumental in sending the BSE benchmark Sensex higher by 73.61 points at 25,715.17.

At the NSE, the stock rose by 2.21 percent to Rs 1,004.75.

Idea Cellular Q1 net profit up by 57% at Rs 728.2 crore

Idea Cellular Q1 net profit up by 57% at Rs 728.2 croreNew Delhi: Telecom operator Idea Cellular today posted 57 percent jump in net profit at Rs 728.2 crore for the first quarter ended June 30, 2014, on increased demand in mobility business mainly mobile internet services.

The company had posted a profit after tax of Rs 462.71 crore in the same period a year ago.

HDFC Bank Q1 Net up 21% to Rs 2,233 crore

HDFC BankMumbai: Private sector lender HDFC Bank on Monday reported 21.1 percent growth in net profit to Rs 2,233 crore for the quarter ended June 2014.

The bank had earned a net profit of Rs 1,844 crore in the April-June quarter of 2013-14, HDFC Bank said in a statement.

The total income of the bank rose to Rs 13,070.65 crore during the quarter under review, against Rs 11,588.56 crore in the same period last year.

The net interest margin for the bank declined to 4.4 percent in the April-June quarter, against 4.6 percent in the same period of the previous year.

MTNL turns profitable at Rs 7,825 cr,BSNL loss at Rs 7,085 cr

MTNL-BSNLNew Delhi: State-run telecom firm MTNL has shown profit of Rs 7,825 crore on books for 2013-14 on account of some write back provisions, Parliament was informed today.

The telecom firm had last posted annual profit of Rs 211.7 crore in 2008-09.

"MTNL has shown profit of Rs 7,825 crore mainly due to write back of provisions on account of pensionary liabilities and spectrum amortization costs after decisions of government taken revival of MTNL," Telecom Minister Ravi Shankar Prasad informed Rajya Sabha in a written reply.

MTNL, which operates in Delhi and Mumbai, had posted a loss of Rs 5,321 crore in the year 2012-13.

South Indian Bank Q1 Net up 10.28% at Rs 126 crore

South-Indian-BankKochi: Kerala-headquartered South Indian Bank has recorded the highest first quarter profit of Rs 126.65 crore profit in the first quarter ended June 30, registering a 10.28 percent growth on a year-on-year basis.

Announcing the first quarter results here, V A Joseph, Managing Director and CEO, said the bank's strategy of focusing on core deposits has yielded excellent results as the core deposits and CASA deposits registered impressive growth of 21.05 percent and 14.42 percent, respectively.

Total business increased by Rs 6,058 crore from Rs 75,123 crore to Rs 81,181 crore, registering a growth of 8.06 percent.

Tata Motors global sales down 10.4% in June

Tata-MotorsNew Delhi: Tata Motors on Friday reported a 10.46 percent decline in global sales, including that of Jaguar Land Rover (JLR), to 75,623 units in June.

The company had sold 84,458 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 44,239 units, as against 42,881 units in June 2013, up 3.16 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 17.96 per cent to 36,021 units in June, compared to 30,536 units in the same month last year.

Rolls-Royce announces record half-year sales

Rolls-RoyceNew Delhi, July 9 (ANI-Businesswire India): Rolls-Royce Motor Cars today announced that the company has enjoyed a record half-year in 2014, with sales increasing by 33 per cent worldwide compared with the same period in 2013.

Sales growth was seen in all regions, with a particularly strong performance in Europe, up by over 60 per cent, Asia Pacific up by almost 40 per cent and the Middle East up by over 30 per cent. The United States and China also saw double-digit growth. In Europe, strong performance was seen in Germany, with sales doubling.

Samsung forecasts 25 per cent drop in profits for second quarter

Samsung ElectronicsLondon, July 9 - Samsung Electronics has forecast a 25 per cent drop in profit for the second quarter due to a slowdown in the smartphone market and a strong Korean currency.

It expects to make an operating profit of 7.2 trillion Won (USD7.1 billion) in the April-to-June period, down from 9.5 trillion Won a year ago, reports the BBC.

A stronger Korean currency (rising 11 per cent against the dollar) has also hurt Samsung's earnings during the period.

Its operating profit has now fallen for three straight quarters.

Maruti, Hyundai sales up in June as excise cut propels growth

Maruti-HyundaiNew Delhi: Buoyed by excise duty reduction, domestic car sales saw an upswing in June with major firms, Maruti Suzuki, Hyundai, Honda, Mahindra & Mahindra, Toyota and Ford reporting growth.

Yet others such as General Motors India and Tata Motors reported decline in their domestic sales during the month.

The country's largest car-maker Maruti Suzuki India (MSI) said its domestic sales rose 31 percent during the month to 1,00,964 units as against 77,002 units in June 2013.

HDFC Life expects premium growth of 10-15% in FY'15

HDFC-LifeNew Delhi: Private sector insurer HDFC Life on Tuesday said it expects premium growth of up to 15 percent in the current fiscal as the market conditions have improved.

"We expect a growth of 10-15 percent in 2014-15," HDFC Life Senior EVP (marketing) Sanjay Tripathy said.

The company's total premium witnessed 7 percent growth at Rs 12,063 crore in 2013-14, compared to Rs 11,323 crore in the previous fiscal.

Assets Under Management of the company grew by 25 percent to Rs 50,258 crore, from Rs 40,108 crore in 2012-13.

Adobe results beat estimates on strong subscription growth

Adobe results beat estimates on strong subscription growthAdobe Systems Inc, the maker of Photoshop and Acrobat software, reported better-than-expected quarterly profit and revenue, helped by higher subscription sales of its Creative Cloud and Marketing Cloud suites.

Adobe`s shares rose 8.6 percent in after-hours trading.

"These results reflect Adobe is continuing to execute well through its transition to the cloud, which continues to be a key ingredient in the company`s long-term recipe for success," FBR Capital Markets analyst Samad Samana told Reuters.

Nissan India sales up over two-fold in May

Nissan India sales up over two-fold in MayNew Delhi: Japanese car maker Nissan today reported over two-fold increase in sales at 5,021 units in India for the month of May.

The company had sold 2,080 vehicles in May 2013, Nissan Group of India said in a statement.

The newly launched brand Datsun GO contributed 1,992 units, it added. Commenting on the sales performance, Nissan Group of India President Kenichiro Yomura said: "Our sales performance has been encouraging since the start of FY'14 and our aim is to continue to remain progressive on our performance.

SAIL registers 11% growth in May sales

SAIL registers 11% growth in May salesNew Delhi: State-run steel maker SAIL registered a growth rate of 11 percent in sales at 1.06 million tonnes (MT) in May this year.

The steel giant had registered sales at 0.96 MT in the same month last year.

"Rise in exports was to the tune of 76 percent on a y-o-y basis during the month. Production at SAIL plants kept pace with hot metal production of 1.26 MT achieved in May, registering a y-o-y growth of 4 percent," SAIL said in a statement.

Yamaha domestic sales up 40.14 %

YamahaNew Delhi: Yamaha Motor India on Monday reported 40.14 percent increase in domestic two-wheeler sales at 47,680 units last month.

It had sold 34,021 units in May 2013, Yamaha Motor India said in a statement.

The company last month exported 19,440 units as compared to 15,356 units sold in May last year, up 26.6 percent.

Yamaha Motor India Sales Pvt Ltd Vice President (Sales & Marketing) Roy Kurian said: "This has been a good month for us as we witnessed brisk growth due to our excellent product line-up and innovative customer-centric activities."

Bajaj Auto reports 3% increase in motorcycle sales

Bajaj-AutoMumbai: Bajaj Auto has reported 3 percent increase in motorcycle sales at 3,13,020 units last month.

It had sold 3,04,780 bikes in May last year, Bajaj Auto Ltd said in a press release on Monday.

Its overall sales, including commercial vehicles, also rose by 4 percent to 3,51,436 units in May 2014 from 3,39,348 units sold a year ago, the company said.

The commercial vehicle sales, however grew by 11 percent to 38,416 in the reporting month as against 34,568 in the corresponding month of 2013, Bajaj Auto said.

Ford India doubles its May sales

Ford India doubles its May salesChennai, June 2 : Car maker Ford India Monday said it sold 12,288 units last month, up from 5,993 sold in May 2013.

In a statement, the company said domestic sales stood at 6,053 units last month, up from 4,002 units sold in the corresponding period of the previous year.

The company exported 6,235 vehicles, against 1,991 units in the corresponding period last year.

TVS Motor logs sales growth in May

TVS-MotorChennai, June 2 : Two- and three-wheeler manufacturer TVS Motor Company Ltd. closed May with 27 percent sales growth, the company said Monday.

In a statement the company said it sold 210,293 units last month, up from 165,151 units sold in May 2013.

Total two-wheeler sales increased from 159,346 units in May 2013 to 201,234 units in May 2014.

Three-wheeler sales of the company grew from 5,805 units in May 2013 to 9,059 units in May 2014.(IANS)




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