Idea Cellular's consolidated profit after tax (PAT) rose 3.8% to Rs 755.90 crore on 0.11% growth in total revenue to Rs 7569.90 crore in Q2 September 2014 over Q1 June 2014. The result was announced after market hours yesterday, 20 October 2014.
The company said it has reversed the last 2 years trend of sequential revenue decline during the seasonally weak July-September quarter due to contraction in 'Voice Minutes of Use', with an absolute revenue growth of Rs 11.10 crore.
Total EBITDA declined 0.52% to Rs 2490.70 crore in Q2 September 2014 over Q1 June 2014. EBITDA margin declined to 32.9% in Q2 September 2014, from 33.1% in Q1 June 2014.
Idea Cellular's consolidated PAT including Indus 16% contribution sharply surged 68.9% to Rs 755.90 crore in Q2 September 2014 over Q2 September 2013. EBITDA on year-on-year (YoY) jumped 27.2% in Q2 September 2014 driving the EBITDA margin to 32.9%. Revenue rose 19.7% YoY in Q2 September 2014.
The strong consumer demand & brand association, expanding 2G & 3G network footprint, competitive spectrum portfolio with steady cash flows from operations affirms Idea's ability to deliver consistent, competitive, responsible and profitable growth, the company said. The company is well geared to meet all volatile, uncertain, complex and ambiguous developments and remains on course of its mission to improve its market standing both in Mobile voice and data business, Idea Cellular said in a statement.
Shares of HDFC Bank will be watched as reports indicated that the Finance Ministry will take up HDFC Bank's proposal seeking an increase in foreign investment in the bank today, 21 October 2014. HDFC Bank has sought an increase in the FII limit to 74%.
HDFC Bank, Cairn India and Punjab National Bank declare Q2 results today, 21 October 2014.
Shares of Coal India will be in focus after Finance Minister Arun Jaitley yesterday, 20 October 2014, said in comments to a television news channel that he personally believes the time is right to dilute nationalisation of the country's state-run coal industry. It is easier to carry out economic reforms in the first year of a government, Jaitley said.
Infosys after market hours yesterday, 20 October 2014 in a clarification with regard to media news item titled Infosys violated SEZ rules at Chandigarh tech park, says revenue department report" said that it has not issued any press release on this subject. Indian Express sent the company a query on this subject and the company issued its comments, Infosys said. Infosys has denied any wrong doing. Infosys said it doesn't consider this event as a material event and added that this has no impact on the operations or performance of the company.
Tata Motors after market hours yesterday, 20 October 2014 in a clarification with regard to media news item titled "Tata bags orders from state RTCs" said that it has got the orders as per the news published viz. CSTC order was for 120 Nos Low floor buses order received in April deliveries to start in October. Tripura order for 73 Buses Midi buses, order received in July 2014. Meghalaya order for 120 Buses Mini and Midi order received in August 2014. Assam order for 270 Buses Midi buses order received in August 2014. Chattisgarh order for 40 Buses AC Standard BRTS order received in May 2014. Total order received from All India till date under JNNURM 2 are 2,760 Nos. This includes 30 Nos received in September end for Articulated buses, Tata Motors said.
Jindal Steel & Power (JSPL) after market hours yesterday, 20 October 2014, in a clarification with regard to media news item titled "Coal Scam : CBI files fresh case against Jindal Steel" reiterated that all its actions are in keeping with the legal framework of the country & that the company complies with the law in letter & in spirit. JSPL continues to co-operate with all the authorities in a responsive manner, it added.
On a consolidated basis, Shriram Transport Finance Company reported 11.9% fall in net profit to Rs 310.04 crore on 7.49% rise in total income to Rs 2261.24 crore in Q2 September 2014 over Q2 September 2013.
Just Dial reported 9.87% rise in net profit to Rs 31.49 crore on 28.52% rise in total income to Rs 155.91 crore in Q2 September 2014 over Q2 September 2013.
Just Dial's board of directors considered and approved raising of funds for an amount up to Rs 1000 crore through issue of equity or equity-linked securities, subject to approval of shareholders to be obtained through Postal Ballot.
Net profit of Motilal Oswal Financial Services rose 480.96% to Rs 32.65 crore in the quarter ended September 2014 as against Rs 5.62 crore during the previous quarter ended September 2013. Sales rose 49.70% to Rs 162.86 crore in the quarter ended September 2014 as against Rs 108.79 crore during the previous quarter ended September 2013.
SKS Microfinance's net profit jumped 247.3% to Rs 56.75 crore on 48.7% growth in total income to Rs 201.02 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours yesterday, 20 October 2014.
Loan disbursements rose 73% to Rs 1693 crore in Q2 September 2014 over Q2 September 2013. Net interest income rose 63% to Rs 110 crore in Q2 September 2014 over Q2 September 2013.
As on 30 September 2014, SKS Microfinance had a net worth of Rs 951 crore and capital adequacy of 33.2% (without the Reserve Bank of India dispensation of the Andhra Pradesh and Telangana provisioning). Cash and cash equivalents (excluding security deposit) stood at Rs 530 crore, the company said in a statement.
The un-availed deferred tax benefit of Rs 522 crore will be available to offset tax on future taxable income, SKS Microfinance said. Given the carried forward tax loss, no tax provision was required for Q2 September 2014, the company said in a statement.
Sasken Communication Technologies (Sasken)'s consolidated net profit galloped 569.6% to Rs 92.14 crore on 4.4% decline in revenue to Rs 108.16 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours yesterday, 20 October 2014.
Sasken's consolidated net profit galloped 1002% to Rs 92.14 crore in Q2 September 2014 over Q1 June 2013. Revenue was unchanged at Rs 108.16 crore in Q2 September 2014 on sequential basis.
The company's consolidated EBITDA rose 2% to Rs 9.80 crore in Q2 September 2014 over Q2 September 2013. EBITDA declined 17% to Rs 9.80 crore in Q2 September 2014 over Q1 June 2014.
The revenue contribution from the top five customers stood at 46.4% and from top ten customers at 64.7%, Sasken said in a statement
Swaraj Engines' net profit rose 2.9% to Rs 17.70 crore on 10.29% growth in net operating revenue to Rs 167.20 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market hours yesterday, 20 October 2014.
Operating profit rose 8% to Rs 24.60 crore in Q2 September 2014 over Q2 September 2013, in tandem with increased engines sales volume. However, due to higher depreciation to comply with the changes in Companies Act 2013 and CSR spend coupled with lower income on surplus funds, profit before tax (PBT) during the quarter stood almost unchanged at Rs 25.10 crore as in Q2 September 2013.
Swaraj Engines' board of directors at its meeting held yesterday, 20 October 2014, inter alia, appointed Sudhir Mankad as Chairman of the Board in place of G. P. Gupta who consequent to his resignation ceased to be the director of the company after the conclusion of the last Annual General Meeting of the company held on 31 July 2014.
Goa Carbon said that the operations at the company's Bilaspur Plant located at 34-40, Sector B, Sirgitti Industrial Area, Bilaspur (Chattisgarh) has been temporarily shut down.
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