Tata Motors, Bharat Heavy Electricals, ONGC, State Bank of India unveil their Q2 results today, 14 November 2014.
Sun Pharmaceutical Industries after market hours Thursday, 13 November 2014, reported 15% rise in consolidated net profit to Rs 1572 crore on 13% rise in net sales/income from operations to Rs 4751 crore in Q2 September 2014 over Q2 September 2013. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 18% to Rs 2161 crore in Q2 September 2014 over Q2 September 2013. EBITDA margin stood at 45% in Q2 September 2014, higher than 44% in Q2 September 2013.
Dilip Shanghvi, Managing Director of the Company said: "We remain focused on strengthening our existing businesses and developing a differentiated and specialty product basket as well as planning for the Ranbaxy integration. We also continue to review opportunities to expand and strengthen our global footprint".
Cipla announced after market hours on Thursday, 13 November 2014, that consolidated net profit fell 16.48% to Rs 299 crore on 5.9% rise in net sales to Rs 2630 crore in Q2 September 2014 over Q2 September 2013.
Tata Motors announced after market hours on Thursday, 13 November 2014, the Tata Motors Group global wholesales in October2014, including Jaguar Land Rover, were 82,026 units. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in October 2014 were 32,049 units. Global wholesales of all passenger vehicles in October 2014 were 49,977 units. Global wholesales of Tata Motors' passenger vehicles in October 2014 were 11,790 units. Jaguar wholesales for the month were 6,053 vehicles and cumulative wholesales were 43,418 vehicles, while Land Rover wholesales for the month were 32,134 vehicles.
DLF announced after market hours on Thursday, 13 November 2014, that consolidated net profit rose 9% to Rs 109.06 crore on 4% decline in total income to Rs 2135.59 crore in Q2 September 2014 over Q2 September 2013.
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On a consolidated basis, Tata Power Company reported net loss of Rs 77.75 crore in Q2 September 2014, compared with net profit of Rs 74.97 crore in Q2 September 2013. Total income decreased 1.32% to Rs 8359.44 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours on Thursday, 13 November 2014.
Tata Power Company's Board of Directors of the company (Transferee Company or Company) at meeting held on 13 November 2014 considered and approved the Scheme of Amalgamation of Chemical Terminal Trombay, a wholly owned subsidiary (Transferor Company) with the Company (Scheme). As per the Scheme, the entire undertaking of the Transferor Company would be transferred to the Transferee Company as a going concern together with all assets and liabilities of the Transferor Company. The Appointed Date of the Scheme would be 1 April 2014. Tata Power Company said that no shares of the Company will be issued to the shareholders of the Transferor Company as it is a wholly owned subsidiary of the Company. Upon the Scheme coming into effect, the Transferor Company will be dissolved without being wound up, Tata Power Company added.
In reply to media report titled NMDC Eyes Stake in Russian Potash Mine as part of Fertilizer Push, NMDC after market hours on Thursday, 13 November 2014 clarified that the company as per its overseas acquisition strategy, has been examining several overseas assets and is still in initial stages.
Infosys after market hours on Thursday, 13 November 2014 termed media reports indicating that the company is in race to acquire Airbus unit CIMPA as speculative.
Hindustan Petroleum Corporation (HPCL) reported 166.59% surge in net profit to Rs 850.21 crore on 0.35% fall in total income to Rs 51964 crore in Q2 September 2014 over Q2 September 2013.
Hindustan Copper reported 72.24% drop in net profit to Rs 17.21 crore on 33.2% fall in total income to Rs 237.62 crore in Q2 September 2014 over Q2 September 2013.
Tata Teleservices (Maharashtra) reported net loss of Rs 159.38 crore in Q2 September 2014, lower than net loss of Rs 165.23 crore in Q2 September 2013. The company's total income from operations rose 3.32% to Rs 700.34 crore in Q2 September 2014 over Q2 September 2013.
Finolex Industries reported 49.99% fall in net profit to Rs 13.71 crore on 3.09% fall in total income to Rs 394.46 crore in Q2 September 2014 over Q2 September 2013.
On a consolidated basis, Voltas reported 18.09% rise in net profit to Rs 49.93 crore on 9.65% fall in total income to Rs 1003.48 crore in Q2 September 2014 over Q2 September 2013.
PTC India Financial Services reported 27.11% rise in net profit to Rs 38.13 crore on 82.18% surge in total income from operations to Rs 1993.89 crore in Q2 September 2014 over Q2 September 2013.
Steel Authority of India's net profit declined 44.97% to Rs 649.49 crore on 1.3% growth in total income to Rs 11840.64 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours yesterday, 13 November 2014.
Acrysil said before market hours that the board of directors of the company at its meeting held on 13 November 2014, inter alia, has considered and approved the acquisition of UK based kitchen sinks distribution company namely Homestyle Products. The board has also approved investment in wholly owned subsidiary in UK and grant of Loan to wholly owned subsidiary in UK.
Jubilant Life Sciences said before market hours that Jubilant Pharma (JPL), a Singapore company and wholly-owned subsidiary of Jubilant Life Sciences, through Jubilant Generics Inc., a Delaware corporation and an indirect wholly-owned subsidiary of JPL, (Jubilant Generics) has commenced a tender offer to acquire all outstanding shares of common stock of Cadista Holdings Inc., a Delaware corporation (Cadista), not currently owned by JPL or its subsidiary companies (the Tender Offer). As of the date of this letter, JPL, through Jubilant Pharma Holdings Inc., a Delaware company and wholly-owned subsidiary of JPL, currently holds approximately 82.4% of the outstanding shares of common stock of Cadista. The Tender Offer transaction is being conducted in accordance with the federal laws of the United States and the state law of Delaware.
Gujarat Gas Company announced after market hours on Thursday, 13 November 2014, that consolidated net profit fell 35.13% to Rs 77.25 crore on 17.01% decline in total income to Rs 699.11 crore in Q2 September 2014 over Q2 September 2013.
Shipping Corporation of India announced after market hours on Thursday, 13 November 2014, net profit of Rs 18.59 crore in Q2 September 2014 compared with net loss of Rs 123.53 crore in Q2 September 2013. Total income rose 9.91% to Rs 1194.04 crore in Q2 September 2014 over Q2 September 2013.
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