Adani Ports and Special Economic Zone Ltd.'s Q3FY19 profit in line with estimates Adani Port and Special Economic Zone has registered 5% growth in consolidated sales for the quarter ended Dec 2018 to Rs 2823.91 crore. Higher sales together with 510 bps expansion in operating profit margin to 78.3% has resulted in 12% growth in operating profit to Rs 2211.43 crore. Spurred further by higher other income (up 46% to Rs 344.97 crore), the PBIDT was up by 16% to Rs 2556.40 crore. However as interest and depreciation cost as % of operating profit...
55% to Rs 6,787.81 crore. Coal India's production increased by 2.6% at 155.97 million tonnes (MT) during quarter, meanwhile Offtake raised by 0.9% to 153.83 MT. CIL's average realizations increased 11.6% to Rs 1,520 per tonne. Coal India (CIL) total income from operation inclined 15% to Rs 25,045.83 crore for the third quarter ended December 2018, due to rise in sales volume and in realization. Coal India's production increased by 2.6% at 155.97 million tonnes (MT) during quarter, meanwhile Offtake...
Topline rose 20% as crude oil realisation (nominated) in rupee terms increased 26.5% to Rs 4786 per barrel. In dollar terms ONGC crude oil realisation (nominated) was up 13.6% to USD 66.38 per barrel in Q3FY'19. Gas price was 16.3% higher in Q3FY19 to $ 3.36 per mmbtu compared to $ 2.89 per mmbtu in Q3FY18 Crude oil production fell 4.8% in Q3FY19 to 6.036 MMT compared to Q3FY18. This includes...
In the quarter ended December 2018, Royal Enfield's total revenue from operations rose 3% to Rs. 2,341 crore, compared to Rs. 2,269 crores in the same period last year; Operating margin (OPM) went down by 168 bps to 29.03% and the Operating profit was Rs. 679.53 crores, down by 2% compared to Rs 696.81 crores in the same period last year. The other income went up by 57% to Rs 188.60 crore, thus the PBIDT rose by 6% to Rs 868.13 crore. The Company interest cost jumped to Rs 1.88 crore and depreciation rose to Rs 76.84 crore. Thus, the PBT grew by 5% to Rs 789.41 crore. Tax expense increased by 12% to Rs 256.46 crore and Profit After Tax grew by 2% to Rs. 532.95...
Net profit for Q3FY19 was at Rs. 1,461 crores. India Business Market Leadership Sale of branded formulations in India for Q3FY19 was Rs. 2,235 crores, up by 7% and...
from sustainable forests, helps conserve biodiversity and protects endangered forests. Every Livaeco garment has a unique tracer which helps trace the origin and full journey of the garment across the entire supply chain. Furthermore, it promises minimal usage of water which is turning into a scarce resource in our country vis--vis other natural fibres in its manufacturing process and lower greenhouse gas emissions. Livaeco is a splendid extension of Liva....
Mahindra & Mahindra Ltd.'s profit surpassed estimates even as higher input costs squeezed the automaker's margin. Mahindra and Mahindra (M&M;) posted 7% rise in net profit to Rs 1395.96 crore on 12% rise in topline to Rs 12,895 crore for the third quarter ended Dec 2018. Big rise in other income coupled with lower tax provision helped fuel the bottom-line growth during the quarter. Total auto sales (passenger and commercial vehicles) during the quarter improved 10% to 1.33 lakh units while tractor sales increased 13% yoy to 87,036units. Mahindra Vehicle Manufacturers Limited (MVML), located at Chakan near Pune, was set up as a...
Depreciation and Amortisation) at Rs.1,926 crore in Q3 FY19, rose by 4 percent compared to Q3 FY18. This is on the back of supporting macros, improvement in operational efficiencies and better realisations. This was despite increase in input costs, mainly of coal and furnace oil. Interest expense was lower by 12 per cent at Rs.477 crore, mainly due to re-pricing of long term project loans and loan re-payments. Profit After Tax stood at Rs.713 crore in Q3 FY19, up 47 per cent vs Rs.484 crore in Q3 FY18, driven by higher EBITDA and lower finance costs. Net debt to...
Following this, the company incurred a loss of Rs 1385crore at PBT before forex/EO level vis a vis a profit of Rs 1907 crore in previous corresponding quarter. Following a forex gain of Rs 170 crore vis a vis a gain of Rs 120crore, the company registered a loss of Rs 1214 crore at PBT before EO level vis a vis gain of Rs 2034 crore profit in previous year. The company incurred Rs 28014as EO expense this year vis a vis Rs 4.73 crore in previous year. Following this, at PBT after EO level, loss stood at Rs 1214 crore vis a vis gain of Rs 2033crore in previous year. Following Rs 2405 crore tax credit vis a vis Rs 1067 crore tax provision in previous year, and adjusting for share of profits in JVs, loss stood at Rs 26960 crore vis a vis gain of Rs...
Tata Steel Q3 profit jumps 76% YoY to Rs 2284 crore, misses Street estimates Tata steel consolidated net sales rose 23% to Rs 41219.91 crore in Q3FY19 compared to Q3FY18. The company operating margins fell 70 bps to 16.3%. %. As a result operating profits increased 18% to Rs 6723.33 crore. Cost of material consumed as a percentage of net sales (net of stock adjustment) increased 240 bps to 33%. Purchase of stock in trade was down 60...
610 bps to 41.6%, other expenditure decreased 150 bps to 4.5%, staff cost fell 20 bps to 1.1% and purchase of stock in trade decreased 20 bps to 51.8%. Other income rose 36% to Rs 967.19 crore. Interest cost rose by 69% to Rs 336.9 crore. Depreciation rose 15% to Rs 778.14 crore. PBT was down 81% to Rs 589.51 crore. Effective...
18.8% over last year. The income figures are not comparable as the income last year was post a December 2018 grew by 25.8%, to Rs.1532 crores. During the quarter there was an additional provision of Rs. 70 crores made for investments as part of Treasury operations in inter corporate...
1262.22 crore in Q3FY18 mainly due to better performance by Natural Gas (NG) Marketing, NG compared to Q3FY'18 leading to 34% increase in operating profits to Rs 2673.48 crore. Cost of material consumed as a percentage of adjusted net sales fell 90 bps to 6.1%. Purchase of stock...
JSW Steel Ltd.'s profit for the December-ended period fell due to higher expenses and lower sales, Misses Estimates JSW Steel's consolidated revenue from operations increased by 11 % YoY to Rs 20318 crore for...
HPCL's, is engaged in the business of refining of crude oil and marketing of petroleum products, Profit Slumps But Beats Estimates Hindustan Petroleum Corporation Limited (HPCL) reported a profit of Rs 247.55 crore in...
Dr Reddy's Laboratories has reported a healthy 65 percent year on year growth in third quarter profit to Rs 500 crore on a low base and good operating income. Profit in same period last year stood at Rs 302.7 crore. Total Income increased 1 percent year-on-year to Rs 3,864 crore in quarter ended December 2018 as the growth in India, Europe and Emerging Markets offset by...
NTPC Ltd.'s profit fell in the quarter ended December, profit misses estimates. The Country's largest power generator - NTPC Ltd. having installed capacity of 52946 MW, declared the financial results for the second quarter and half-year of financial year 2018-19. The Total Income for the Q3 FY19 was Rs. 24120.36 crore as against the Total Income of Rs. 20774.37 crore in the Q3 FY18, registering an increase of 16.10%. For Q3 FY19, Profit before...
Net revenue from Transmission business, which constitutes around 96% of total revenue, was up 13% to Rs 8271.85 crore and PBIT and the same was up by 11% to Rs 4762.62 crore with PBIT margin at 57.6%. Net revenue from consultancy service business which constitute around 2% of total sales was up by 9% to Rs 156.08 crore and PBIT was lower by 15% to Rs 67.70 crore. Telecom income which constitutes around 2% of total sales was up by 13% YoY to Rs 8624.11 crore while PBIT was up by 38% to Rs 108.70 crore with PBIT margin at 55.4%. OPM was lower by 90 bps to 87.5% resulting OP being up by 12% to Rs 7409.83 crore. Other...
