On a consolidated basis, Oracle Financial Services Software's (Oracle) net income fell 2% to Rs 359 crore on a 7% increase in revenues to Rs 965 crore in Q2 September 2013 over Q1 June 2013. Operating income rose 9% to Rs 343 crore in Q2 September 2013 over Q1 June 2013. The result was announced after market hours on Tuesday, 12 November 2013.
Chet Kamat, managing director and chief executive officer for Oracle Financial Services Software, said. "Our product revenues grew 29% over the corresponding quarter year-over-year. We are continuing our investments in the core offerings in banking and analytics solutions to make these solutions compelling for the marketplace. The implementation of Oracle Fusion ERP was a massive transformational eifort that provides the company an agile and sophisticated platfom for the operations. Overall I am pleased with the strong top-line and bottom-line growth that demonstrate the strength of our offerings and our rigorous execution discipline."
Makarand Padalkar, chief financial officer for Oracle Financial Services Software, said, "We posted another solid operating performance with the operating margins for the quarter at 36% which was a 11% points improvement over the corresponding quarter year-over-year. For the half-year ended September 30, 2013, the operating margins improved to 36% from 33% for the same period year-over-year."
Sun Pharmaceutical Industries, BPCL, Cipla, Coal India, Mahindra & Mahindra, ONGC, State Bank of India, Tata Steel, PTC India and Rural Electrification Corporation, among others, will announce their June-September 2013 quarter results today, 13 November 2013.
On a consolidated basis, GMR Infrastructure posted a net loss of Rs 393.05 crore in Q2 September 2013, higher than the net loss of Rs 179.30 crore in Q2 September 2012. Total income increased 0.86% to Rs 2500.34 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Tuesday, 12 November 2013.
Tata Global Beverages' consolidated net profit surged 51% to Rs 180 crore on 4% growth in income from operations to Rs 1933 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Tuesday, 12 November 2013.
Tata Global Beverages attributed the topline growth in Q2 September 2013 to good performance in some key markets coupled with favourable foreign exchange impact. After considering exceptional items, group consolidated net profit is 51% higher than in the same period in the previous year, reflecting the favourable impact of exceptional items, the company said in a statement.
Mr. Harish Bhat, Managing Director and CEO, Tata Global Beverages said, "We continue to record steady growth in a challenging global operating environment. Notwithstanding differing economic conditions in various countries, our focus continues to be consistent investment in our brands of tea, coffee and water, to create millions of moments of beverage magic for our consumers. The significant brand re-launches and marketing campaigns of the quarter, ranging from Eight O'clock Coffee in the USA, to Tetley in the United Kingdom and Tata Tea in India are strong testimony to this commitment. In addition, the slew of restructuring moves and new business investments we have announced and implemented will help create a more efficient, growth-driven and future-focused organisation."
Reliance Communications (RCom)'s consolidated net profit spurted 562% to Rs 675 crore on 3.7% growth in operating revenue to Rs 5394 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Tuesday, 12 November 2013. RCom's consolidated profit after tax (PAT) excluding provision write-back surged 129.4% to Rs 234 crore in Q2 September 2013 over Q2 September 2012. There was a provision write-back of Rs 441 crore in Q2 September 2013. RCom's operating EBITDA (earnings before interest, taxation, depreciation and amortization) rose 15.2% to Rs 1887 crore in Q2 September 2013 over Q2 September 2012. Total EBITDA rose 42.1% to Rs 2328 crore. RCom's revenue from India operations grew 5.4% to Rs 4624 crore in Q2 September 2013 over Q2 September 2012. EBITDA rose 15.1% to Rs 1640 crore. The company's revenue from global operations declined 0.3% to Rs 1139 crore in Q2 September 2013 over Q2 September 2012. EBITDA grew 15.5% to Rs 246 crore.
RCom said it has generated operational cash flow (EBITDA) of Rs 2328 crore in Q2 September 2013, paid net finance charges of Rs 676 crore and invested Rs 364 crore on capex during the quarter. It remains free cash flow (FCF) positive and this is expected to continue, the company said in a statement.
Reliance Capital's consolidated net profit jumped 201% to Rs 181 crore on 20% growth in total income to Rs 1869 crore in Q2 September 2013 over Q2 September 2012. The result was announced after market hours on Tuesday, 12 November 2013. The consolidated profit after tax (PAT) in Q2 September 2013 is after excluding one-time capital gains on stake-sale in RCAM last year. As on 30 September 2013, the networth of the company stood at Rs 12373 crore. As on 30 September 2013, the total assets of Reliance Capital stood at Rs 41721 crore. The company has not raised any fixed deposits from the public.
United Spirits (USL) said that the company has declared a lock out on Tuesday, 12 November 2013 at one of the ccmpany's bottling unit at Palakkad in Kerala. USL said it does not expect the lock out to have any material impact on the operations of the company.
Pidilite Industries after market hours on Tuesday, 12 November 2013 said it has on 11 November 2013 incorporated a subsidiary company in the name of "Percept Waterproofing Services" for the purpose of carrying on business of services relating to waterproofing including consultancy and project based services, etc.
Bosch's net profit rose 15.48% to Rs 234.25 crore on 3.66% growth in total income to Rs 2236.38 crore in Q3 September 2013 over Q3 September 2012. The result was announced after market hours on Tuesday, 12 November 2013.
ICRA at the fag end of trading hours on Tuesday, 12 November 2013 reported 16% growth in consolidated profit after tax (PAT) to Rs 15.57 crore on 19% growth in total income to Rs 75.01 crore in Q2 September 2013 over Q2 September 2012. ICRA's consolidated operating revenue rose 12% to Rs 70.03 crore in Q2 September 2013 over Q2 September 2012.
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