Tag: Q1

Tata Motors plunges over 8% on disappointing Q1

Tata Motors plunges over 8% on disappointing Q1

10/08/2017 13:23

Shares of Tata Motors tumbled over 8 per cent on the Bombay stock Exchange after the auto major reported lower-than-expected earnings for the first quarter ended June 30, 2017.

The company has reported a 41.6 per cent growth in profit at Rs 3,200 crore in Q1 FY18, against Rs 2,260 crore in the same quarter last financial year, thanks to a one-time gain of Rs 3,609 crore.

Reacting to Q1, shares of the company declined as much as 8.23 per cent to hit intra-day low of Rs 382.45 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 385.30 against previous close price of Rs 416.75.

In a similar fashion, shares of the company were trading 6.65 per cent lower at Rs 388.40 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,638.61, down 159.23 points, or 0.50 per cent, at 13:30 hours.

UCO Bank Q1 loss widens to Rs 663 cr

UCO Bank Q1 loss widens to Rs 663 cr

02/08/2017 16:30

Government-controlled UCO Bank on Wednesday reported widening of standalone net loss to Rs 663.02 crore for the first quarter ended June 30, 2017.

“The public sector lender had posted standalone net loss of Rs 440.56 crore in the same period last year,” said UCO Bank in a filing to the Bombay Stock Exchange.

Interest income of the bank declined by 10.10 per cent at Rs 3766.58 crore for the quarter ended June 30, 2017 as against Rs 4189.64 crore in the corresponding period last year.

During the April-June quarter, total income dipped moderately by 10.38 per cent to Rs 4,237.04 crore from Rs 4,727.93 crore in the year ago period.

Meanwhile, operating expenses dropped by 7.40 per cent to Rs 3,627.96 crore from Rs 3,917.77 crore in the same period last year.

Operating profit slipped 24.82 per cent to Rs 609.08 crore from Rs. 810.16 crore.

Provisions and Contingencies surged by 1.73 per cent at Rs 1,272.10 crore from Rs 1,250.50 crore a year ago.

NII, the difference between interest earned on loans and interest paid on deposits, slipped by 14.61 per cent at Rs 841.47 crore versus Rs 985.45 crore in the year ago period. Non-interest income too dipped 12.60 per cent year-on-year to Rs 470.46 crore.

On the asset side, gross non- performing assets (NPAs) rose to 19.87 per cent of the gross advances as at the end of June 30, 2017 from a level of 17.19 per cent year earlier. Its net NPAs or bad loans too increased to 10.63 per cent of net advances on June 30, 2017 from 10.04 per cent a year ago.

Meanwhile, shares of the bank closed day’s trade at Rs 33.20 apiece, down 1.04 per cent, on the BSE.

NIIT posts Q1 net loss of Rs 6.94 cr

NIIT posts Q1 net loss of Rs 6.94 cr

28/07/2017 13:25

NIIT has said that its net loss, on a stand-alone basis, during the quarter stood at Rs 6.94 crore as compared to net loss of Rs 13.05 crore in the previous year quarter.

Net revenue of the company declined marginally by 2.23 per cent at Rs 83.28 crore for the quarter ended June 30, 2017 as against Rs 85.18 crore in the corresponding period last year.

During Apr-Jun quarter, operating expenses dropped by 4.72 per cent to Rs 87.26 crore from Rs 91.58 in year ago period.

Other Income grew by 54.63 per cent at Rs 8.01 crore versus (Jun’16 Rs 5.18 crore).

Operating Profit slipped by 37.81 per cent to Rs -3.98 crore as against Rs -6.40 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.35 per cent in Jun quarter.

Interest declined by 7.10 per cent y-o-y to Rs 5.10 crore, while Taxation decreased by 28.57 per cent at Rs 0.05 crore (Jun’16 Rs 0.07 crore).

Exide Industries Q1 net dips 3.59% at Rs 189 cr

Exide Industries Q1 net dips 3.59% at Rs 189 cr

27/07/2017 13:03

Battery manufacturer Exide Industries today reported a 3.59 per cent decline in net profit at Rs 189 crore for the quarter ended June.

It had posted a net profit of Rs 196.05 crore in the corresponding period a year ago, the company said in a filing to the Bombay Stock Exchange.

Total income grew by 4.80 per cent to Rs 2,389.57 crore during the quarter under review as against Rs 2,279.93 crore in the year-ago period, Exide Industries said in a BSE filing.

Exide Industries CEO and MD G Chatterjee said: “While growth in automotive and motorcycle batteries continue, demand in home UPS battery business has been subdued in the quarter…High lead prices continue to be a major concern”.

Exide Industries said it is focusing on cost control and technology upgradation as strategies to improve the bottom- line.

Meanwhile, shares of the company were trading at Rs 218.70 apiece, up 0.83 per cent from the previous close at 13:10 hours on BSE.

Everest Industries Q1 net jumps 44% at Rs 17 cr

Everest Industries Q1 net jumps 44% at Rs 17 cr

26/07/2017 16:20

Everest Industries, engaged in manufacturing and trading of building products, on Wednesday reported a 43.89 per cent growth in its net profit at Rs 16.95 crore during the first quarter ended June 30, 2017, compared to Rs 11.78 crore in the same quarter last year.

Net sales of the company rose moderately by 8.14 per cent at Rs 378.02 crore for the quarter ended June 30, 2017 as against Rs 349.57 crore in the corresponding period last year.

During Apr-Jun quarter, operating expenses increased by 5.16 per cent to Rs 345.91 crore from Rs 328.95 in year ago period.

Other Income dipped by 57.89 per cent at Rs 1.28 crore versus (Jun’16 Rs 3.04 crore).

Operating Profit surged by 30.63 per cent to Rs 32.11 crore as against Rs 24.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 20.77 per cent in Jun quarter.

Interest declined by 9.93 per cent y-o-y to Rs 3.81 crore, while Taxation increased by 7.23 per cent at Rs 5.34 crore (Jun’16 Rs 4.98 crore).

Raymond Q1 consolidated loss narrows to Rs 7 cr

Raymond Q1 consolidated loss narrows to Rs 7 cr

26/07/2017 13:07

Raymond, the India’s biggest woollen fabrics maker, has reported consolidated net loss of Rs 7 crore during the first quarter ended June 30, 2017, as high cost cotton inventory & deep discounting during end of season sale (EOSS) impacted margins.

“The company had registered consolidated net loss of Rs 17 crore in the April-June quarter of the previous fiscal, Raymond said in a filing to the Bombay Stock Exchange.

The consolidated net revenue of the company rose by 14 per cent to Rs 1,240 crore in Q1 FY18 from Rs 1,089 crore in Q1 FY17. The net sales grew 13 per cent Y-o-Y to Rs 1,197 crore during the quarter, led by the wedding season and early onset of EOSS period due to pre-GST clearance.

During the quarter under review, the operating profit of the company improved by 30 per cent to Rs 81 crore versus Rs 63 crore in the year ago period, led by strong growth across all the brands.

Meanwhile, shares of the company were trading at Rs 805.45 apiece, down 0.27 per cent from the previous close on BSE at 13:15 hours.

L&T Technology Q1 standalone net down 12.98%

L&T Technology Q1 standalone net down 12.98%

25/07/2017 16:50

Net sales of the company rose marginally by 1.79 per cent at Rs 779.10 crore for the quarter ended June 30, 2017 as against Rs 765.40 crore in the corresponding period last year.

During Apr-Jun quarter, operating expenses increased by 6.91 per cent to Rs 651.40 crore from Rs 609.30 in year ago period.

Other Income grew by 25.33 per cent at Rs 28.20 crore versus (Jun’16 Rs 22.50 crore).

Operating Profit slipped by 18.19 per cent to Rs 127.70 crore as against Rs 156.10 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.62 per cent in Jun quarter.

Taxation decreased by 8.49 per cent at Rs 38.80 crore (Jun’16 Rs 42.40 crore).

On the standalone basis, Net Profit during the quarter fell by 12.98 per cent to Rs 103.90 crore from Rs 119.40 crore in the previous year quarter.

United Breweries Q1 net surges to Rs 29.47 cr

United Breweries Q1 net surges to Rs 29.47 cr

29/09/2016 16:25

United Breweries has announced that its net profit for the first quarter ended June 30, 2016 rose by more than 13-fold to Rs 29.47 crore from Rs 2.15 crore in the same period a year ago.

Total income from operations climbed by 34 per cent at Rs 96.23 crore in Q1 FY 2016-17 from Rs 71.74 crore in the same period a year ago, United Breweries (Holdings) Ltd said in a filing to the Bombay Stock Exchange (BSE) on Thursday.

Total expenses climbed 28.6 per cent at Rs 66.8 crore in Q1 FY 2016-17 from Rs 51.94 crore in the same period a year ago.

Other income rose 9.98 per cent at Rs 8.92 crore in Q1 FY 2016-17 from Rs 8.11 crore in the same period a year ago.

Finance costs fell 65.5 per cent at Rs 8.88 crore in Q1 FY 2016-17 from Rs 25.76 crore in the same period a year ago.

Revenue from alcoholic beverages rose 86.7 per cent at Rs 45.23 crore in Q1 FY 2016-17 from Rs 24.22 crore in the same period a year ago.

Shares of the company rose 1.29 per cent to Rs 43.1 a piece at 15:29 PM IST on Thursday.

CESC Q1 net up marginally at Rs 174 cr

14/09/2016 14:17

Power utility company CESC Ltd has reported that its standalone net profit for the first quarter ended June 30, 2016 climbed marginally to Rs 174 crore from the same period a year ago as revenue rose.

In Q1 FY 2015-16, the company’s standalone net profit came in at Rs 173 crore, CESC Ltd said in a filing to the Bombay Stock Exchange (BSE).

Total income from operations climbed by 11.6 per cent at Rs 1,912 crore in Q1 FY 2016-17 from Rs 1,713 crore in the same period a year ago.

Total expenses rose by 14.4 per cent at Rs 1,597 crore in Q1 FY 2016-17 from Rs 1,396 crore in the same period a year ago.

Other income fell by 7.14 per cent at Rs 26 crore in Q1 FY 2016-17 from Rs 28 crore in the same period a year ago.

The CESC or the Calcutta Electric Supply Corporation is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, distribution of power. It serves 2.4 million customers within 567 square kilometers of Kolkata and Howrah.

Shares of the company jumped 2 per cent to Rs 650.85 a piece at the BSE on Wednesday at 14:20 PM IST.

Alok Industries Q1 loss widens to Rs 1,212 cr

14/09/2016 10:49

Textile manufacturer Alok Industries said that its net loss for the first quarter ended June 30, has widened to Rs 1,212.04 crore.

The company had reported a net loss of Rs 349.68 crore in the corresponding period a year ago, it said in a filing to the Bombay Stock Exchange.

Its income from operations dipped 47.22 per cent for the quarter under review at Rs 1,810.75 crore, compared with Rs 3,431.14 crore in the year-ago period.

Alok Industries owes over Rs 18,000 crore to a consortium of 32 lenders, led by the State Bank of India.

In January, the company had informed the stock exchanges that the lenders had invoked SDR in the company, with the reference date being November 27, 2015.

Meanwhile, shares of the company were trading at Rs 3.34 apiece, down 4.84 per cent from the previous close at 10:53 hours on BSE.