OPM improved by 180 BPS to 21.9% due to better leverage and other cost initiatives. Operating was an EO expense of Rs 62 crore pertaining to restructuring expense, provision towards purifier devices as compared EO expense of Rs 21 crore towards restructuring expense. PBT after EO thus stood at Rs 1950 crore up by 16%. After providing total tax of Rs 506 crore, PAT for Dec 18 quarter stood at Rs 1444 crore up by 9% YoY. During the quarter, revenue of the home care category grew by 15%, with sustained doubledigit volume-led growth across key categories. PBIT margin of the home care category stood at...
Other income jumped 59% to Rs 1163 crore and interest cost fell 88% to Rs 16 crore. After providing for depreciation (up 2% to Rs 519 crore), PBT went up 3% to Rs 10711 crore. Provision for taxation grew 6% to Rs 2590 crore after which PAT grew 2% to Rs 8121 crore....
OPM fell 280 basis points to 23.2% which saw OP fall 7% to Rs 4959 crore. Other income grew 2% to Rs 753 crore. After providing for depreciation (up 25% to Rs 580 crore), PBT fell 9% to Rs 5132 crore....
The asset quality of the bank has remained nearly stable and healthy, while net interest margins (NIM) was also healthy at 3.83% in Q3FY2019. The non-interest income growth of the bank was strong driven by healthy growth for both core fee income as well as treasury income. Bank has recorded strong 35% growth in the loan book. Bank has strongly expanded network...
Eicher Motors Ltd.'s profit in the September-ended quarter missed analyst expectations as costlier raw material and higher employee benefits weighed on the maker of Royal Enfield motorcycles. Eicher Motors reported 7% rise in its consolidated net profit of Rs 566.28 core for the second quarter ended Sept 2018. Consolidated revenue for the quarter grew 11% at Rs 2,408.17 crore. Barring the joint venture gain, the company registered 2% growth in profits to Rs 489.11crore....
Adjusted net profit for Q2FY19 was at Rs. 996 crores with resulting adjusted net profit margin at 14.5%. After accounting for the provision of Rs. 1,214 crores for the estimated settlement amount payable to all the remaining plaintiffs related to the Modafinil antitrust litigation in the US, the net loss for the quarter was at Rs.219 crores. India Business Market Leadership Sale of branded formulations in India for Q2FY19 was Rs. 1,860 crores, down by 16% mainly due to a planned one-time inventory reduction in the supply chain coupled with a higher base of...
Coal India (CIL) has posted over seven-fold growth in consolidated net profit at Rs 3,084.70 crore on the back of 22% gain in total income to Rs 22,198.06 crore for the second quarter ended September 2018, driven by its operating margin and higher volume. The operating margin (OPM) expanded to 17.6% from 4.5% in corresponding previous quarter. Thus, OP zoomed by 378% to Rs 3,914.23 crore. Coal India's production increased by 5.8% at 119.62 million tonnes (MT) during quarter, meanwhile Offtake raised by 4.4% to 137.33 MT. CIL's average realizations increased 13.5% to Rs 1,508 per tonne. Coal India (CIL) total income from operation inclined 22% to Rs 22,198.06 crore for the second...
Titan Company Ltd.'s profit misses analyst estimates in the July-September period. The company has announced an impressive growth in income of 26% for the second quarter. The income from operations in the second quarter, July to September 2018, was RS.4353 crores, against last year's income of Rs.3439 crores during the same period. The income for April to September 2018, the first half of this financial year, stands at Rs.8622 crores, registering a growth of 16% over last year. The Standalone PBT for Q2 is Rs.446 crores, against Rs.425 crores last year, recording a growth of 5%. The growth in the profit before tax for the quarter was muted due to provision made to...
For the quarter ended Sep 18, net sales of Power Grid stood at Rs 8283.03 crore up by 14% YoY. Net revenue from Transmission business, which constitutes around 96% of total revenue, was up 15% to Rs 8153.61 crore and PBIT and the same was up by 14% to Rs 4844.59 crore.. Net...
crore in the previous quarter. The net profit for the bank was supported by other income of Rs 473.12 crore from sale of partial investments in SBI General Insurance Company and profit of Rs 1087.43 crore on transfer of the bank merchant acquiring business to wholly owned subsidiary. The bank has improved margins in Q2FY2019, while recorded 12% growth in the net interest income. Bank has improved business growth at 8% along with rise in credit deposit ratio to 73.7% at end September 2018. Bank has also improved the CASA deposits ratio to 45.3% at end September 2018. Bank has posted robust improvement in asset quality on sequential basis as well as over a year earlier level....
Hydrocarbon (LHC) and Petrochemicals Segments while net sales of the company rose 55% to percentage of adjusted net sales fell 150 bps to 6.1%. Purchase of stock in trade was up 430 bps to 69.8%. Employee benefit expense rose 20 bps to 3%. Other expenses fell 100 bps to 6.2%....
Cipla Limited's profit misses analysts' estimates in the July-September period, even as its operational performance fell short of expectations. Net sales declined 2 percent to Rs 4,011 crore year-on-year, the operating income, or earnings before interest, tax, depreciation, and amortization, fell 12 percent over the last year to Rs 702 crore. The operating margin contracted to 17.5 percent during the period from 19.7 percent a year ago. It has reported a fall of 11 percent (year-on-year) in its net profit for the September...
Axis Bank registered an 18% rise in Interest income to Rs 13280.99 crore in the quarter ended September 2018. A 20% rise in interest expenses to Rs 8048.88 crore saw net interest income (NII) rise 15% to Rs 5232.11 crore....
Larsen & Toubro (L&T;) Q1 profit beats estimates Larsen & Toubro recorded Consolidated Gross Revenue of Rs.32,081 crore for the quarter ended September 30, 2018, registering a growth of 21% on a y-o-y basis. Growth was facilitated with improved execution in project businesses, strong growth in service businesses and recognition of revenue on completed performances in Realty business on application of IND AS 115 from 1stApril, 2018. International revenue during the quarter at Rs.10, 630 crore constituted 33% of the total revenue marginally lower than36% in the previous year. For the period April-September 2018, the Consolidated Gross revenue at Rs.60,364 crore...
The consolidated revenues for Q2 FY19 came at Rs 20,422 crores which degrew by 6.2% Y-o-Y. Consolidated mobile data traffic at 2,758 Bn MBs in the quarter has registered a healthy Y-o-Y growth of 225%. Mobile revenues have witnessed a Y-o-Y de-growth of 7.2% on an underlying basis led by continued ARPU down-trading impacted by competitive pricing pressures. India other businesses continue to witness a healthy Y-o-Y growth. Digital TV revenue has crossed Rs...
Operating profit margins fell by 108 bps YoY to 19.89% and the operating profit went up by rights relating to Cloderm brand (including its authorised generic) and profit on sale of antibiotic manufacturing facility in Bristol, US....
Finance cost during the quarter was Rs 1571 crore, higher by Rs 144 crore y-o-y mainly due to increase in borrowings on account of acquisition of Electrosteel and increase in interest rates in line with the market rates. Depreciation was higher by Rs 424 crore y-o-y on account of higher charge at Zinc India due to higher ore production, acquisition of new businesses and higher charge at Oil & Gas due to reversal of impairment charge in the previous period Tax expense (before Exceptional items and DDT) was at Rs 606 crore during the quarter,...
The company during the quarter reported co-locations reduction of 27769 basis exit notices received. This is 13.7% of the total consolidated tenancies as on June 2018. However as at Sep 2018, there are cumulative 4,225 co-locations for which though the exit notices have been...
