ONGC's net profit surged 44.3% to Rs 4889 crore on 2.3% decline in gross revenue to Rs 21403 crore in Q4 March 2014 over Q4 March 2013. The result was announced after market hours on Thursday, 29 May 2014.
ONGC's net profit rose 5.6% to Rs 22095 crore on 1.1% growth in gross revenue to Rs 84201 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
The impact on ONGC's net profit due to under-recovery discount to OMCs rose 10.94% to Rs 31524 crore in FY 2014 over FY 2013.
On consolidated basis, ONGC's net profit rose 9.4% to Rs 26507 crore on 7.5% growth in turnover to Rs 178205 crore in FY 2014 over FY 2013.
Commenting on the company's financial performance, ONGC CMD Mr. D K Sarraf said, Our focus on our Long Term Strategy Perspective Plan 2030 has generated momentum. This fiscal's score card showcases our record performance in Reserve accretion, sustainability and sound financial management. We would renew our focus on the key performance indicators that will guide ONGC to reach greater heights in the coming years.
L&T, Mahindra & Mahindra (M&M) and NMDC, among others, will announce their January-March 2014 earnings today, 30 May 2014.
Bharat Heavy Electricals' (Bhel) net profit fell 43.02% to Rs 1844.59 crore on 21.42% fall in total income to Rs 15320.38 crore in Q4 March 2014 over Q4 March 2013. The result was announced after trading hours on Thursday, 29 May 2014. Bhel's net profit fell 47.68% to Rs 3460.78 crore on 17.8% fall in total income to Rs 40724.86 crore in the year ended 31 March 2014 over the year ended 31 March 2013.
On a consolidated basis, Bhel's net profit fell 47.66% to Rs 3502.86 crore on 17.68% fall in total income to Rs 41192.43 crore in the year ended 31 March 2014 over the year ended 31 March 2013.
Bhel said that consequent to merger of Bharat Heavy Plates & Vessels (BHPV) with the company with effect from 30 August 2013, the financial results of HPVP unit (erstwhile BHPV) have been included in the above results. In view of this, figures for the current reporting period are not comparable with the figures in corresponding period of previous year.
Cipla's consolidated net profit declined 6% to Rs 261 crore on 27% growth in sales to Rs 2429 crore in Q4 March 2014 over Q4 March 2013. The result was announced after market hours on Thursday, 29 May 2014. The company's EBITDA declined 4%to Rs 409 crore in Q4 March 2014 over Q4 March 2013.
Cipla said that material cost increased at 41.3% of net sales in Q4 March 2014, from 37% of net sales in Q4 March 2013.
Domestic sales rose 19.3% to Rs 908 crore in Q4 March 2014 over Q4 March 2013. The growth in domestic sales was largely on account of growth in respiratory, anti-infective and cardiac therapies, Cipla said in a statement.
Exports of formulations rose 30% to Rs 1282 crore in Q4 March 2014 over Q4 March 2013. Exports of APIs rose 36.7% to Rs 239 crore in Q4 March 2014 over Q4 March 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's consolidated net profit declined 0.68% to Rs 3918 crore on 16.6% growth in revenue (net of excise) to Rs 65317 crore in Q4 March 2014 over Q4 March 2013. The result was announced after market hours on Thursday, 29 May 2014.
The top line during the quarter grew despite a weak operating and economic environment in the standalone business which was more than offset by strong demand for new products, growth in volumes, richer product mix and richer geographic mix at Jaguar Land Rover (JLR), Tata Motors said in a statement.
Tata Motor's consolidated net profit surged 41.42% to Rs 13991 crore on 23.3% growth in revenue (net of excise) to Rs 232834 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013). JLR's wholesale and retail volumes grew by 15.5% and 15.9%, respectively in FY 2014 over FY 2013.
JLR's net profit rose 19.09% to GBP 449 million on 5.9% growth in revenue to GBP 5349 million in Q4 March 2014 over Q4 March 2013. Operating profit (EBITDA) stood at GBP 920 million, up 12.2% as compared to GBP 820 million during the corresponding quarter last year. Operating margin stood at 17.2%, up 100 bps as compared to corresponding quarter last year reflecting richer product and geographic mix, with increased volumes in emerging markets, Tata Motors said. The Profit before tax (PBT) grew to GBP 576 million (GBP 507 million in the corresponding quarter last year) reflecting higher operating profit (EBITDA), favourable exchange revaluation on loans and unrealized hedges, partially offset by higher depreciation and amortisation as well as higher finance expense, Tata Motors said in a statement.
JLR's net profit surged 54.77% to GBP 1879 million on 22.82% growth in revenue to GBP 19386 million in FY 2014 over FY 2013. The operating profit and margin stood at GBP 3393 million and 17.5% respectively reflecting increase in volumes, richer product mix supported by launch of new Range Rover Sport, new Range Rover and Jaguar F-TYPE, richer geographic mix, with increased volumes in emerging markets partially offset by less favourable operational foreign exchange net of realized hedges in Q4 March 2014. PBT were GBP 2501 million (GBP 1674 million for the corresponding period last year).
On a consolidated basis, Tata Power Company posted a net loss of Rs 145.33 crore in Q4 March 2014 compared with net profit of Rs 181.36 crore in Q4 March 2013. Total income fell 1.92% to Rs 8897.56 crore in Q4 March 2014 over Q4 March 2013.
On a consolidated basis, DLF reported a net profit of Rs 219.68 crore in Q4 March 2014 compared with net loss of Rs 4.19 crore in Q4 March 2013. Total income rose 8.75% to Rs 2,521.60 crore in Q4 March 2014 over Q4 March 2013.
On a consolidated basis, GMR Infrastructure's net profit surged 102.04% to Rs 1170.18 crore on 15% increase in total income to Rs 3066.81 crore in Q4 March 2014 over Q4 March 2013.
The board of Reliance Industries (RIL) on Thursday, 29 May 2014, approved funding of upto Rs 4000 crore to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media & Investments (NW18) including its subsidiary TV18 Broadcast (TV18) and the open offers to be made consequent to the acquisition.
NW18 is the owner of a suite of premier digital internet properties, e-commerce businesses and differentiated broadcast content. IMT would use the funds to acquire control over NW18 and TV18 resulting in ownership of about 78% in NW18 and 9% in TV18 and to acquire shares tendered in the open offers.
Further, IMT would be making open offers to public shareholders for acquisition of equity shares of NW18, TV18 and Infomedia Press. IMT would be simultaneously making the public announcement under takeover regulations. RIL would be a person acting in concert to the open offers, RIL said in a statement..
This acquisition will differentiate RIL's 4G business by providing a unique amalgamation at the intersect of telecom, web and digital commerce via a suite of premier digital properties. This suite includes In.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext.in, Homeshop18.com, Bookmyshow.com; the broadcast channels include Colors, CNN IBN, CNBC TV18, IBN7, CNBC Awaaz, the company said.
Aditya Birla Nuvo said that its Ammonia/Urea Plant at Jagdishpur (U.P.), which was under maintenance shutdown, has resumed production with effect from 24 May 2014.
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