On a consolidated basis, Bharti Airtel reported 135.41% surge in net profit to Rs 1436.50 crore on 5.77% rise in total income to Rs 23228.10 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 4 February 2015.
Consolidated EBITDA rose 9.6% to Rs 7786 crore in Q3 December 2014 over Q3 December 2013. EBITDA margin expanded to 33.5% in Q3 December 2014, from 32.4% in Q3 December 2013
Consolidated mobile data revenue rose 61.9% to Rs 2872 crore in Q3 December 2014 over Q3 December 2013, uplifted by higher data usage. Mobile data revenues now contribute more than 85% of the incremental revenues of the company, Bharti Airtel said.
Bharti Airtel's overall customer base rose 8.9% to 31.29 crore across 20 countries in Q3 December 2014 over Q3 December 2013.
Gopal Vittal, MD and CEO, India & South Asia, said that the company has remained focused on driving topline through stepped up customer acquisitions with continued focus on churn, ensuring pricing stability, and path-breaking innovations in mobile data.
Christian de Faria, MD and CEO, Africa, said that the company has maintained its focus on growing customer base and topline in a cost-efficient manner. Significant depreciation in most African currencies especially the Nigerian Naira has however depressed the reported results in dollar terms, Christian de Faria said.
Godrej Consumer Products, Hindustan Copper, Jubilant FoodWorks, PTC India, SJVN and Tata Motors will unveil their October-December 2014 results today, 5 February 2015.
HDFC Bank has received an approval from the Foreign Investment Promotion Board (FIPB) allowing the Bank to maintain the permissible foreign holding upto 74% of its paid up share capital and issue further equity shares aggregating to an amount upto Rs 10000 crore to NRIs/ FIIs/FPIs not exceeding 74% of the post issue paid up capital of the Bank, subject to complying with the conditions stipulated in the approval letter.
Separately, HDFC Bank said it will raise funds through a combination of share sales to qualified institutional investors and the issue of American Depository Receipts (ADRs). HDFC Bank's board approved raising upto Rs 2000 crore through issue of equity shares to qualified institutional investors. The bank will raise upto Rs 8500 crore through issue of American Depository Receipts (ADRs). The floor price for QIP issue and the ADR issue is fixed at Rs 1,061.84 per equity share.
Aurobindo Pharma's consolidated net profit declined 7.93% to Rs 384.35 crore on 49.34% growth in total income to Rs 3202.08 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 4 February 2015.
Shoppers Stop said that the company has opened "Mothercare" store as 'Shop in Shop' store within Shoppers Stop at Vishakhapatnam. With the opening of this store, the company has now 43 "Mothercare" stores under its operations. Meanwhile, Shoppers Stop' 51% subsidiary company; Hypercity Retail (India) has opened "Hypercity" store at Inorbit Mall, Malad. With the opening of this store, there are now 16 'Hypercity' stores.
On a consolidated basis, Tube Investments of India reported 13.81% rise in net profit to Rs 87.14 crore on 10.67% rise in total income to Rs 2473.31 crore in Q3 December 2014 over Q3 December 2013.
Bombay Dyeing & Manufacturing Company reported net loss to Rs 65.93 crore in Q3 December 2014, lower than net loss of Rs 93.15 crore in Q3 December 2013. Total income from operations (net) rose 6.66% to Rs 515.49 crore in Q3 December 2014 over Q3 December 2013.
Forbes & Company reported net loss to Rs 7.21 crore in Q3 December 2014, higher than net loss of Rs 3.62 crore in Q3 December 2013. Total income from operations (net) fell 9.66% to Rs 65.63 crore in Q3 December 2014 over Q3 December 2013.
JK Lakshmi Cement reported 31.15% rise in net profit to Rs 18.48 crore on 10.15% rise in total income to Rs 562.63 crore in Q3 December 2014 over Q3 December 2013. The company's operating profit rose 15% to Rs 82.1 crore in Q3 December 2014 over Q3 December 2013. The company could achieve this through volume growth of 6% in its production and sales.
After providing for interest and depreciation, the company's profit before tax (PBT) before exceptional item surged 81.35% to Rs 32.1 crore in Q3 December 2014 over Q3 December 2013. The company as a matter of abundant caution provided Rs 10 crore as an exceptional item towards the demand notice of sales tax department. The company believes it has strong case and matter would be decided in its favour, JK Lakshmi Cement said.
During Q3 December 2014, cost was impacted due to increase in Royalty of Limestone & coal prices. The company continued to improve its fuel efficiency and it was brought down further to 701 K.cal/Kg of Clinker in Q3 December 2014 from 724 K.Cal/kg of Clinker in Q3 December 2013. The company also managed to have better control over its logistic cost which was reduced by about 1.5%.
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