Hero MotoCorp's net profit rose 2.58% to Rs 562.76 crore on 14% increase in total income to Rs 7,149.59 crore in Q1 June 2014 over Q1 June 2013. EBITDA margin stood at 13.46% in Q1 June 2014. The result was announced after market hours on Tuesday, 5 August 2014.
The company reported highest ever quarterly sales of 17.15 lakh units of two-wheeler in Q1 June 2014.
The board of Hero MotoCorp approved increasing the investment limits of foreign institutional investors (FIIs) from 40% to 49%. The boad also appointed Pawan Munjal as Vice Chairman of the company in addition to Managing Director & CEO from 5 August 2014.
Maruti Suzuki India after market hours on Tuesday, 5 August 2014, said the company's production rose 12.45% to 1.11 lakh units in July 2014 over July 2013. The company had on 1 August 2014 reported 21.7% rise in total vehicles to 1.01 lakh units in July 2014 over July 2013.
IT stocks may gain on positive economic data in US. US is the biggest outsourcing market for the Indian IT firms.
Adani Ports and Special Economic Zone, Adani Power, Amara Raja Batteries, Apollo Tyres, City Union Bank, IDBI Bank, Jindal Steel & Power and Piramal Enterprises will announce Q1 June 2014 earnings today, 6 August 2014. GlaxoSmithkline Consumer Healthcare will also announce its April-June 2014 quarter earnings today, 6 August 2014.
Cipla turns ex-dividend today, 6 August 2014, for dividend of Rs 2 per share for the year ended March 2014.
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ICRA turns ex-dividend today, 6 August 2014, for dividend of Rs 23 per share for the year ended March 2014.
MRF turns ex-dividend today, 6 August 2014, for an interim dividend of Rs 3 per share for the year ending 30 September 2014.
TV Today Network turns ex-dividend today, 6 August 2014, for dividend of Re 1 per share for the year ended March 2014.
Footwear maker Bata India's net profit fell 4.1% to Rs 59.39 crore on 8.6% rise in net sales to Rs 621.58 crore in Q2 June 2014 over Q2 June 2013. Excluding exceptional items and marketing investment, net profit has increased approximately by 1%. The result was announced after market hours on Tuesday, 5 August 2014.
Bata India said it will be opening over 100 new stores this year. Rajeev Gopalakrishnan, Group Managing Director, Bata Emerging Markets, Bata India said, "The aggressive retail expansion and renovation of stores, aspirational designs and addition of a wider range of accessories like bags, sunglasses, belts to our product portfolio, the expectation is to increase this growth momentum on the back of increase in consumer confidence level as we move through the year."
NHPC's net profit fell 14.35% to Rs 616.03 crore on 18.71% increase in total income to Rs 2217.62 crore in Q1 June 2014 over Q1 June 2013.
In view of the seasonal nature of business, the financial results of the current quarter may not be comparable with forthcoming quarters of the current financial year, NHPC said in a statement.
Unitech will be watched. With respect to the news article in the media that "Unitech to off-load 17.5 acre Noida plot for Rs 400 crore", the company clarified that being a real estate developer, Unitech, in its normal and ordinary course of business, buys and sell real estate on a regular basis and it is not possible to verify or negate every news article that appears in media in connection with Unitech as majority of them are speculative and unfounded. As regards the news article in question, it is factually misleading as Unitech does not own the land which is the subject matter of the said news article, the company said.
IL&FS Engineering Services after market hours on Tuesday, 5 August 2014 said it has received a letter of Intent for buildings work in Mumbai. The contract is from the Lodha Group for civil construction works of the 18 proposed G+15 residential buildings in Phase II of its Palava project in Mumbai, the company said. The Rs. 105-crore contract has to be executed within 332 days, it added.
Net profit of Gateway Distriparks rose 134.14% to Rs 25.24 crore in the quarter ended June 2014 as against Rs 10.78 crore during the previous quarter ended June 2013. Sales rose 5.89% to Rs 51.26 crore in the quarter ended June 2014 as against Rs 48.41 crore during the previous quarter ended June 2013.
Net profit of KRBL rose 47.47% to Rs 72.29 crore in the quarter ended June 2014 as against Rs 49.02 crore during the previous quarter ended June 2013. Sales rose 16.94% to Rs 805.46 crore in the quarter ended June 2014 as against Rs 688.77 crore during the previous quarter ended June 2013.
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