Tata Motors reported consolidated net loss of Rs 429.76 crore for Q2 September 2015 compared with net profit of Rs 3290.86 crore in Q2 September 2014. Total income rose 1.15% to Rs 61563.45 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
As per International Financial Reporting Standards (IFRS), Tata Motors British luxury car unit Jaguar Land Rover (JLR)'s revenues stood at GBP 4,831 million for the quarter ended 30 September 2015 as against GBP 4,808 million for the quarter ended 30 September 2014. Operating profit (EBITDA) stood at GBP 589 million for the quarter ended 30 September 2015 as against GBP 933 million for the quarter ended 30 September 2014. An exceptional charge of GBP 245 million has been recognised for about 5,800 vehicles involved in the Tianjin Port explosion. Post the exceptional charge, loss after tax stood at GBP 92 million for the quarter ended 30 September 2015 as against profit after tax of GBP 450 million for the quarter ended 30 September 2014.
ONGC's net profit declined 11.07% to Rs 4842.02 crore on 0.03% increase in total income to Rs 21817.26 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015. ONGC said that there was an adverse impact to the tune of Rs 596 crore on its gross revenue on account of the subsidy sharing burden in Q2 September 2015. During the corresponding period of the previous year, ONGC's gross revenue was negatively impacted to the tune of Rs 13641 crore on account of the subsidy-sharing burden.
Sun Pharmaceutical Industries' (Sun Pharma) consolidated net profit fell 46.02% to Rs 1106.66 crore on 12.23% decline in total income to Rs 7028.93 crore in Q2 September 2015 over Q2 September 2014. The result was announced on Saturday, 7 November 2015. Sun Pharma's results during the quarter were impacted due to base effect. The company had benefitted significantly in Q2 September 2014 from the 180-day exclusivity on Valsartan tablets in the US. The company's earnings before interest, taxation, depreciation and amortization (EBITDA) margin declined to 28% in Q2 September 2015 compared with 38% in Q2 September 2014.
Dilip Shanghvi, Managing Director of Sun Pharma said that the company's performance in Q2 September 2015 and first half of the current financial year was impacted by lower sales growth, volatile currency movements and supply constraints. Integration of Ranbaxy is progressing well and while some of the costs have been incurred, the benefits will be visible going forward, Shanghvi said.
Bharat Heavy Electricals (Bhel) after market hours on Friday, 6 November 2015 said it has secured prestigious orders, cumulatively valued at Rs 4614 crore, for setting up two supercritical thermal power projects involving one unit each of the country's highest rating 800 megawatts (MW) sets in Andhra Pradesh.
Aditya Birla Nuvo, BPCL, Coal India, Coffee Day Enterprises, Havells India, HPCL, NBCC, NHPC, Oil India, Pfizer, Rural Electrification Corporation and Tata Power Company among others will release their July-September 2015 quarterly earnings today, 9 November 2015.
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Britannia Industries' consolidated net profit declined 19.16% to Rs 218.63 crore on 12.33% growth in total income to Rs 2238.81 crore in Q2 September 2015 over Q2 September 2014. The result was announced on Saturday, 7 November 2015.
Britannia Industries' bottom line during the quarter was affected due to base effect. There was a one-time gain of Rs 124 crore in Q2 September 2014 pertaining to profit on sale of land & building. Excluding the one-time gain, the company's net profit grew 49% in Q2 September 2015 over Q2 September 2014.
Varun Berry, Managing Director of Britannia Industries said that while the prices of key commodities remained benign, the management expects that the company's initiatives of offering more value to consumers along with re-stage of its key brands like Goodday & Milkbikis with enhanced organoleptic delivery, would help drive consumer off-take and accelerate the growth for the company in the future.
State-run oil and gas stocks will be in focus after the government after market hours on Friday, 6 November 2015 hiked excise duty on petrol by Rs 1.60 per litre and on diesel by 40 paisa a litre.
Aurobindo Pharma's consolidated net profit rose 21.4% to Rs 451.76 crore on 14.6% rise in net sales to Rs 3280.11 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
On a consolidated basis, Tata Chemicals' net profit slipped 0.8% to Rs 254.94 crore on 4.13% growth in total income to Rs 5043.66 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
Max India reported a net profit of Rs 2.74 crore in Q2 September 2015 compared with net loss of Rs 11.30 crore in Q2 September 2014. Total income rose 107.91% to Rs 30.98 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
GlaxoSmithkline Consumer Healthcare's net profit rose 36.85% to Rs 219.37 crore on 0.64% growth in total income to Rs 1183.05 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
Reliance Communications' (RCom) consolidated net profit rose 1.9% to Rs 156 crore on 0.9% decline in revenue to Rs 5355 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
RCom's earnings before interest, taxation, depreciation, and amortization (EBITDA) declined 2.5% to Rs 1782 crore in Q2 September 2015 over Q2 September 2014.
RCom's revenue from India operations rose 0.4% to Rs 4701 crore in Q2 September 2015 over Q2 September 2014. Revenue from global operations rose 5.5% to Rs 1062 crore in Q2 September 2015 over Q2 September 2014.
Housing Development and Infrastructure's consolidated net profit fell 6.6% to Rs 57.79 crore on 20.39% decline in total income to Rs 242.67 crore in Q2 September 2015 over Q2 September 2014. The result was announced on Saturday, 7 November 2015.
Hindustan Copper's net profit fell 56.94% to Rs 7.41 crore on 8.96% decline in total income to Rs 216.31 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
Punj Lloyd posted net loss of Rs 283.20 crore in Q2 September 2015, higher than net loss of Rs 263.51 crore for Q2 September 2014. Total income decreased 16.69% to Rs 1071.45 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours on Friday, 6 November 2015.
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