Hero MotoCorp may drop after reporting flat bottom line in Q2 September 2015

Hero MotoCorp's net profit rose 1.13% to Rs 772.06 crore on 2.37% decline in total income to Rs 6939.68 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 20 October 2015.

The company's earnings before interest, taxation, depreciation and amortization (EBITDA) margin improved to 15.85% in Q2 September 2015, from 13.52% in Q2 September 2014.

Pawan Munjal, Chairman, Managing Director and Chief Executive Officer of Hero MotoCorp said that Q2 September 2015 saw the beginning of a sales revival and the Management is cautiously optimistic that this trend will continue in the second half of FY 2016. The festive season could lead to positive sentiment in the market, which may help maintain the momentum in the coming months, Munjal said.

ACC's consolidated net profit fell 40.18% to Rs 115.21 crore on 1.51% decline in total income to Rs 2808.29 crore in Q3 September 2015 over Q3 September 2014. The company announced results after market hours yesterday, 20 October 2015.

Biocon's consolidated net profit rose 15.3% to Rs 184.72 crore on 6.48% rise in total income to Rs 1606.66 crore in Q2 September 2015 over Q2 September 2014. The company announced results before market hours today, 21 October 2015.

Bajaj Auto, Wipro, Cairn India, Idea Cellular and HDFC Bank will announce Q2 results today, 21 October 2015.

TCS after market hours yesterday, 20 October 2015, announced a global alliance partnership with Tableau Software, a global leader in rapid-fire, easy-to-use business analytics software. This partnership will enable customers to quickly and cost-effectively implement and integrate rapid analytics and visualize multi-structured data in forms of patterns, trends and visual insights to drive better real-time decision making.

Yes Bank after market hours yesterday, 20 October 2015, announced changes in its savings deposit interest rate for resident & non-resident customers. The interest rate for resident and non-resident (NRE & NRO) savings account has been revised downwards to 6% per annum from 7% effective 1 November 2015.

Sun Pharmaceutical Industries turn ex-dividend today, 21 October 2015, for dividend of Rs 3 per share for the year ended 31 March 2015.

MindTree turns ex-dividend today, 21 October 2015, for interim dividend of Rs 4 per share for the year ending 31 March 2016.

Crisil turns ex-dividend today, 21 October 2015, for interim dividend of Rs 5 per share for the year ending 31 December 2015.

Container Corporation of India's (Concor) net profit rose 21.38% to Rs 232.91 crore on 9.73% growth in total income to Rs 1587.74 crore in Q2 September 2015 over Q2 September 2014. The result was announced after market hours yesterday, 20 October 2015.

Aksh Optifibre after market hours yesterday, 20 October 2015 said that the High Court of Rajasthan has admitted a winding up petition against the company, being corporate guarantor, for the alleged/disputed liability of its subsidiary. The company in consultation with its legal counsels would take appropriate legal recourse to challenge the order, Aksh Optifibre said.

Powered by Capital Market - Live News