Company Results

TVS Motor posts higher turnover and profit for 2013-14

TVS-MotorChennai, April 29 : Two- and three-wheeler manufacturer TVS Motor Company closed the last fiscal with an 11 percent growth in turnover and 126 percent rise in profit after tax, the company said Tuesday.

In a statement, the company said it closed last fiscal with a turnover of Rs. 7,962 crore and a net profit of Rs. 262 crore, up from Rs. 7,169 crore turnover and Rs. 116 crore net profit registered during 2012-13.

It sold 19.93 lakh two-wheelers, down from 19.95 lakh units sold in fiscal 2012-13.

But the company increased its three-wheeler sales to 80,235 units last fiscal as compared to 49,143 units sold in 2012-13.

Idea Cellular's Q4 consolidated net up by 91 percent

Idea-CellularNew Delhi, April 28 : Idea Cellular posted 91 percent jump in the consolidated net profit for the fourth quarter (January-March) of 2013-14 on increased voice call prices, a company statement said here Monday.

The net profit for the fourth quarter stood at Rs. 589.8 crore compared to Rs. 308.2 crore it posted during the corresponding period in 2012-13.

The consolidated gross revenue of the Aditya Birla group company rose to Rs. 7,043.8 crore in the fourth quarter from Rs. 6,061.4 crore posted during the corresponding quarter in 2012-13.

Hindustan Unilever Q4 profit rises 10.78 percent

Hindustan-UnileverMumbai, April 28 : Hindustan Unilever Monday said its net profit grew by 10.78 percent to Rs. 872.13 crore ($142.97 million) for the quarter ended March 31, 2014 as compared to Rs. 787.20 crore recorded in the same quarter last year.

The company's total income rose to Rs. 7,244.73 crore in the fourth quarter of 2013-14 from Rs. 6,571.64 crore recorded in the same quarter previous year.

For fiscal 2013-14, the Indian unit of anglo-Dutch firm Unilever, posted a net profit of Rs. 3,867.49 crore as compared to Rs. 3,796.67 crore in the previous year.

Maruti Suzuki profit slumps 35 percent on lower sales

Maruti-SuzukiNew Delhi, April 25 : India's largest car-maker Maruti Suzuki Friday said its net profit slumped by 35.46 percent to Rs. 800.05 crore for the quarter ended March 31, 2014 largely due to low sales.

The company had posted a net profit of Rs. 1,239.62 crore for January-March quarter of last year.

The company's total income dropped to Rs. 12,508.01 crore for the quarter under review as compared with Rs. 13,703 crore recorded in the same quarter last year.

For fiscal 2013-14, the company posted a net profit of Rs. 2,783.05 crore as compared to Rs. 2,392.13 crore in the previous year, registering a growth of 16.3 percent.

Bosch India net up 25 percent in first quarter

Bosch-IndiaBangalore, April 25 : German automotive major Bosch posted Rs. 326 crore net profit for the first quarter (January-March) of this calendar year, registering a healthy 25 percent year-on-year (YoY) growth.

"Our net sales and income from operations during quarter (Q1) under review grew by 11 percent YoY to Rs. 2,431 crore, with diesel systems posting double-digit growth," Bosch managing director Steffen Berns said in a statement here Friday.

Domestic sales increased 8.6 percent YoY while exports grew 35 percent YoY and profit before tax rose 17 percent YoY to Rs. 452 crore.

ICICI Bank Q4 profit rises 15 percent

ICICI-BankMumbai, April 25 : India's largest private sector lender ICICI Bank Friday said its net profit grew by 15.1 percent to Rs. 2,652.01 crore ($434.75 million) for the quarter ended March 31 last.

The company had posted Rs. 2,304.07 crore profit in the corresponding quarter of last year.

ICICI Bank's total income rose to Rs. 14,465.34 crore for the January-March quarter this year as compared to Rs. 12,573.52 crore recorded in the corresponding quarter of last year.

For fiscal 2013-14, the bank has a net profit of Rs. 9,810.48 crore as compared to Rs. 8,325.47 crore, registering a growth of 17.83 percent.

Infotech's net up by 15 percent

Infotech's net up by 15 percentHyderabad, April 24  :  Infotech enterprises, a Hyderabad-based engineering solutions provider, Thursday said its net profit during 2013-14 stood at Rs. 266 crore, an increase of 15 percent over last fiscal.

The annual revenue of the company was Rs. 2,206 crore, a jump of 17.8 percent over the previous year.

Infotech chairman B. V. R. Mohan Reddy told reporters that the firm registered a revenue of Rs. 595 crore in the quarter ended March 31, a growth of 28 percent year-on-year. The net profit during the fourth quarter was at Rs. 70 crore, up 28 percent.

Bharti Infratel's fourth quarter net up 64 percent

Bharti-InfratelNew Delhi, April 24 : Telecom tower provider Bharti Infratel's net profit for the fourth quarter (January-March) of 2013-14 jumped by 64 percent, a company statement said here Thursday.

The company posted net profit of Rs. 472 crore during the fourth quarter of 2013-14 compared to Rs. 287 crore it posted during the corresponding period in 2012-13.

The revenue of the company increased by 4 percent. The company clocked Rs. 2,790 crore revenue during the fourth quarter of 2013-14 compared to Rs. 2,674 crore during corresponding period 2012-13.

Cairn India announces Q4 results, up 7 pct year on year

Cairn-IndiaNew Delhi, Apr 23 : Cairn India Limited (CIL), one of the fastest growing independent oil exploration and production companies in the world, today announces its annual financial results for the period ending March 31,2014.

In a statement, the company recorded a revenue of Rs. 18,762 crore (USD 3.1 billion), up seven percent year-on-year on account of enhanced volumes.

It reported EBITDA of Rs. 13,877 crore (USD 2.3 billion) driven by low operational cost of USD 3.9/bbl in onshore RJ block.

Profit after tax was pegged at Rs. 12,432 crore (USD 2.1 billion), Diluted EPS of 64.95 up three per cent year-on-year.

Tata Elxsi net zooms 239 percent in fiscal 2013-14

Tata Elxsi net zooms 239 percent in fiscal 2013-14Bangalore, April 22 : Leading IT products and solutions firm Tata Elxsi reported net profit of Rs. 71.3 crore for the fiscal 2013-14, registering a whopping 239 percent increase year-on-year (YoY) from Rs. 21.3 crore in the last fiscal.

"Consolidate revenue for the fiscal under review (FY 2014) increased 25 percent YoY to Rs. 775 crore from Rs. 622 crore year ago," the city-based company said in a statement here Tuesday.

HDFC Bank Q4 profit rises 23 percent

HDFC Bank Q4 profit rises 23 percentMumbai, April 22 : India's second largest private sector lender HDFC Bank said Tuesday its net profit grew by 23.1 percent to Rs. 2,326.52 crore ($384.8 million) in the quarter ended March 31, 2014.

The bank had posted a net profit of Rs. 1,889.84 crore in the corresponding quarter of last year.

This is the slowest pace of growth in the bank's quarterly profit in more than a decade. However, the number is better than the markets estimates and it was reflected in the company's share price.

Wipro net up 41 percent in Q4

Wipro net up 41 percent in Q4Bangalore, April 17 : India's third largest software exporter Wipro Ltd has reported net profit of Rs. 2,230 crore for fourth quarter (January-March) of fiscal 2013-14, registering an increase of 41 percent year-on-year (YoY) as per Indian accounting standard.

In a regulatory filing to stock exchanges Thursday, the IT bellwether said revenue for the quarter under review grew 22 percent YoY to Rs. 11,700 crore, as per Indian accounting standard.

Revenue from its flagship IT services business at $1.72 billion was up 8.5 percent YoY and 2.5 percent sequentially.

Yahoo's stock rises following Q1 sales gains from ads, Alibaba growth

Yahoo's stock rises following Q1 sales gains from ads, Alibaba growthWashington, Apr 16 : Yahoo has reported a stronger-than-expected first-quarter profit.

Yahoo's shares rose in after-hours trading after the web giant reported its first sales gains in more than a year.

According to deadline. com, the company made profits from sales in four key investment businesses: mobile, video, native and social, with 98 percent ad growth year over year.

CEO Marissa Mayer said mobile was the most important of those pillars.

Keppel REIT's revenue fall 1% in first quarter

Keppel REIT's revenue fall 1% in first quarterKeppel REIT has said that its total revenue has fallen 1 per cent during the first quarter of the year to S$46.8 million due to a smaller contribution from its operations in Australia.

On the other hand, NPI recorded a growth of 6 per cent to S$39.5 million on a quarter to quarter basis. The earnings improved mainly due to a stronger contribution from Ocean Financial Centre (OFC). The company's distributable income remained the same on a quarter to quarter level. The NPI was smaller due to lower rental support and higher amortization expense.

Infosys net up 25 percent in fourth quarter

Infosys net up 25 percent in fourth quarterBangalore, April 15 - Infosys Ltd posted net profit of Rs. 2,992 crore for fourth quarter (January-March) of this fiscal, registering 25 percent growth year-on-year (YoY) as per the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether said consolidate revenue for the quarter (Q4) under review grew 23 percent YoY to Rs. 12,875 crore from Rs. 10,454 crore year ago.

Under the International Financial Reporting Standard (IFRS), net income is up 9.7 percent YoY to $487 million and gross revenue 7.9 percent YoY to $2.1 billion. (IANS)

SPH records 7.5% rise in second quarter profits

SPH records 7.5% rise in second quarter profitsSingapore Press Holdings (SPH), the leading  Media and property company has said that it has recorded a 7.5 per cent rise in its net profit during the second quarter of the year.

The company's earnings were boosted by a one-off gain arising from a partial divestment of its stake in a regional online classifieds business. The company has said that its net profit for the three months till 28 February, 2014 recorded an increase to S$81.3 million compared to the same quarter of the previous year.

Jaguar sales jump 19.4%, Land Rover’s slip 1.1%

Jaguar sales jump 19.4%, Land Rover’s slip 1.1%While Tata Motors' Jaguar segment enjoyed an impressive seasonally adjusted year-on-year rise of more than 19 per cent in sales in March this year, Land Rover segment saw a considerable decline in its worldwide sales during the same month.

Jaguar Land Rover (JLR), the UK-based luxury car arm of Tata Motors, reported that sales of its Jaguar vehicles jumped 19.4 per cent year-over-year in March, while Land Rover sales slipped 1.1 per cent.

iGate net down 8.6 percent in first quarter

iGate net down 8.6 percent in first quarterBangalore, April 10 : Technology firm iGate Corporation posted $32 million net income for first quarter (January-March) of this calendar year (2014), a decline of 8.6 percent year-on-year (YoY) from $35 million registered in the same quarter in 2013.

Sequentially too, net income was lower than posted in fourth quarter (October-December) of 2013 at $33 million.

Marks & Spencer to record another fall in sales

Marks-and-SpencerUK's clothing retailer, Marks & Spencer is expected to record another fall in sales, indicating that the retailer is facing difficulties even as it is focusing on reviving business during the previous few months.

KFC registers 50 percent growth in loan disbursement

Kerala-Financial-CorporationThiruvananthapuram, April 3 : State-owned Kerala Financial Corporation (KFC) registered a record growth in critical operational areas like sanction, disbursement and recovery for the 2013-14 financial year.

The year-end figures show that KFC has sanctioned Rs. 989.48 crore as loans to MSME (micro-small-medium enterprises) sectors of the state with a growth of 49 percent over the previous fiscal.

The loan disbursed stood at Rs. 754.73 crore during the fiscal ended 2013-14.

The total recovery during the period stood at Rs. 568.61 crore.




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