On a consolidated basis, Bharti Airtel's net profit rose 40.2% to Rs 1554 crore on 3.1% increase in revenue to Rs 23671 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 4 August 2015. The results are as per International Financial Reporting Standards (IFRS).
Bharti's bottom line in Q1 June 2015 was boosted by exceptional income of a net Rs 458.10 crore. The company's profit before tax and exceptional items dropped 13.3% to Rs 2500.70 crore in Q1 June 2015 over Q1 June 2014.
The company's EBITDA (earnings before interest, taxes, depreciation and amortization) rose 6.4% to Rs 8262 crore in Q1 June 2015 over Q1 June 2014. EBITDA margin improved to 34.9% in Q1 June 2015, from 33.8% in Q1 June 2014.
Bharti Airtel said consolidated Mobile data revenues grew by 56.9% to Rs 3459 crore in Q1 June 2015 over Q1 June 2014, uplifted by data traffic growth of 86.5%.
Separately, Bharti Airtel announced after market hours yesterday, 4 August 2015, that its board has appointed Nilanjan Roy as the Global Chief Financial Officer with effect from 5 August 2015. He will take over from Srikanth Balachandran, who is being appointed as the Global Chief Human Resources Officer. Nilanjan Roy is currently the CFO for the India & South Asia business, and has previously held the roles of Financial Controller and Controller - India Mobile Business. Srikanth Balachandran has been the Global CFO of Bharti Airtel since April 2011.
Among other key corporate earnings, Emami, Marico and Shree Cement are scheduled to announce their quarter ended June 2015 results today, 5 August 2015.
Maruti Suzuki India announced after market hours yesterday, 4 August 2015, that its total production rose 19.46% to 1.33 lakh units in July 2015 over July 2014.
Motherson Sumi Systems will be in focus as shares allotted by the company to the existing shareholders by way of a bonus issue will be admitted for trading on the bourses today, 5 August 2015. A total of 44.09 crore shares issued as bonus shares in the ratio of 1:2 on record date will be admitted for trading on the bourses.
Adani Enterprises will be watched. With reference to the news captioned, "Company to form JV with Foxconn for around $5 billion to establish electronic manufacturing facilities," Adani Enterprises clarified after market hours yesterday, 4 August 2015, that the company was at the discussion stage only and had not signed any agreement which requires disclosure under Clause 36 of the Listing Agreement. In the event there is any development which requires disclosure under Clause 36 of the Listing Agreement, the firm will make the same in accordance with regulatory requirements.
On a consolidated basis, Hexaware Technologies' net profit rose 18.7% to Rs 98.90 crore on 8.2% increase in revenue to Rs 772.20 crore in Q2 June 2015 over Q1 March 2015. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 9.4% to Rs 140.30 crore in Q2 June 2015 over Q1 March 2015. The result was announced after market hours yesterday, 4 August 2015.
On a consolidated basis, EID Parry India reported net loss of Rs 192.79 crore in Q1 June 2015, higher than net loss of Rs 43.80 crore in Q1 June 2014. Total income rose 8.77% to Rs 2826.69 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 4 August 2015.
On consolidated basis, Torrent Power's net profit rose 101.15% to Rs 173.48 crore on 16.51% growth in total income to Rs 3063.11 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 4 August 2015.
EIH's net profit rose 209.82% to Rs 19.86 crore on 6.57% growth in net sales/income from operations to Rs 299.38 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours yesterday, 4 August 2015.
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