Cipla's consolidated net profit declined 39.17% to Rs 295 crore on 13.6% growth in net sales to Rs 2647 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day.
Cipla's income from operations rose 8.3% to Rs 2720 crore in Q1 June 2014 over Q1 June 2013. EBITDA declined 21.44% to Rs 542 crore in Q1 June 2014 over Q1 June 2013. EBITDA in Q1 June 2013 includes certain large one-off items.
Domestic sales rose 17% to Rs 1289 crore in Q1 June 2014 over Q1 June 2013, largely driven by growth in respiratory, anti-infective and cardiac therapies, Cipla said in a statement.
Exports and formulations rose 12.7% to Rs 1218 crore in Q1 June 2014 over Q1 June 2013. Exports of APIs declined 5.4% to Rs 140 crore in Q1 June 2014 over Q1 June 2013. The growth in export revenues was primarily due to growth in anti-retroviral, anti-asthma and anti-allergic segments, Cipla said in a statement.
Cipla said that the current year figures include the relevant results of Cipla's subsidiaries from the date they became subsidiary of the company and therefore the corresponding figures for the previous period are not comparable.
Tata Motors after market hours on Thursday, 14 August 2014 said that its global wholesales declined 8.46% at 80,151 units in July 2014 over July 2013. Global wholesales rose 5.98% at 80,151 units in July 2014 over June 2014.
Reliance Communications (RCom)'s consolidated net profit rose 21.4% to Rs 132 crore on 2.1% growth in revenue to Rs 5523 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014.
RCom's total EBITDA rose 9.5% to Rs 1863 crore in Q1 June 2014 over Q1 June 2013. EBITDA margin stood at 33.7% in Q1 June 2014, amongst the highest in the industry, with strong contribution from both India and Global businesses, RCom said in a statement.
Revenue from India operations rose 1.3% to Rs 4718 crore in Q1 June 2014 over Q1 June 2013. EBITDA of India operations rose 16% to Rs 1693 crore in Q1 June 2014 over Q1 June 2013.
Revenue from Global operations declined 5.1% to Rs 1073 crore in Q1 June 2014 over Q1 June 2013.
RCom generated operational cash flow (EBITDA) of Rs 1863 crore in Q1 June 2014, paid net finance charges of Rs 767 crore and invested Rs 415 crore on capex during the quarter. It remains free cash flow (FCF) positive and this is expected to continue, RCom said in a statement.
Reliance Capital's consolidated net profit rose 23% to Rs 164 crore on 11% growth in total income to Rs 2144 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014. As on 30 June 2014, the net worth of the company stood at Rs 12643 crore.
Reliance Capital had a net debt equity ratio of 1.86 as on 30 June 2014. It continues to enjoy the highest ratings of A1+ by ICRA and CRISIL, for its short term borrowing program and CARE AAA by CARE for its long term borrowing program, Reliance Capital said in a statement.
As on 30 June 2014, the assets of the company stood at Rs 45869 crore. Reliance Capital said it has not raised any fixed deposits from the public.
Lanco Infratech is reportedly aiming to raise Rs 20000 crore by selling power plants with capacity of 3,000 MW, stepping up efforts to liquidate assets just days after selling an electricity generating station in Karnataka for Rs 6,000 crore. The Hyderabad-based company has appointed investment bankers to help it with the sale, which could be India's biggest such, and potential buyers have started due diligence, report added.
Petron Engineering Construction reported net loss of Rs 17.36 crore in the quarter ended June 2014 as against net profit of Rs 0.41 crore during the previous quarter ended June 2013. Sales declined 44.18% to Rs 59.91 crore in the quarter ended June 2014 as against Rs 107.33 crore during the previous quarter ended June 2013.
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