Page 459 - Company Results

Axis Bank eyes major turnaround as retail, SME drive growth, slippages fall

The private bank's net profit surged 83% to Rs 78.9 mn thanks to growing interest income and better provisioning

Hindalco Q2 profit dips 21% to Rs 3 bn as rising input costs hit expenses

Hindalco's bottomline including earnings from Utkal Alumina stood at Rs 7.25 bn, up 54% from last year

IOC Q2 net down 12.5% to Rs 33.26 bn due to forex expenses, input costs

IOC said the impact of absorbing the cut of Rs 1 a litre in diesel and petrol prices would be seen from Q3

Maruti Suzuki stocks surge over 6% on October sales

The stock has added Rs 159.455 billion in market valuation in two days to reach Rs 2.15 trillion

Bharat Forge Q2 profit jumps 11.6% to Rs 2.28 bn; total income up 32%

Revenue growth was driven by doubling of passenger vehicle (PV) export revenues, accompanied with healthy double-digit growth in other key verticals

HDFC reports 25% jump in Q2 standalone net profit to Rs 24.67 billion

Total income during the September quarter stood at Rs 112 bn, up from Rs 90 bn in the same period of the previous financial year

HPCL Q2 net profit down 37% at Rs 11 bn; merger with MRPL to happen in FY20

The company has decided to shut down all its refineries for a short duration to upgrade to BS-VI fuel norms

Despite last year's low base, sales of heavy-duty trucks moderate in Oct

The sales have moderated from 25% last month to 15% this month

Arvind's Q2 profit rises 18% to Rs 730 mn, revenue up 12% to Rs 30.53 bn

Arvind Ltd stated that while it expected a growth of 10% for the current financial year for its existing businesses, the demerging branded apparel business is expected to grow at 20%

GSK Consumer Q2 net profit up 43% at Rs 2.75 bn, sales up 14.41%

The company's total expenses was up 7.18 per cent at Rs 9.3358 billion compared to Rs 8.7102 billion

Ashok Leyland sales up 17% at 15,149 units in October vs 12,944 units

Light commercial vehicle sales rose 41 per cent to 5,352 units compared with 3,804 units in October last year

Driven by stake sale, HDFC Q2 net profit jumps 25% to Rs 24.67 billion

Profit on sale of investments grew substantially to Rs 10 billion in Q2 FY2019, whereas during Q2 FY2018 it stood at Rs 630 million

Tata Motors skids on JLR woes, logs Rs 10-bn loss in Q2; revenue rises 3.3%

The UK unit, which contributes almost 90 per cent to Tata Motors' revenue, has been suffering due to uncertainty around Brexit and China demand

Amazon Pay loses Rs 3.3 billion in FY18 to capture user-base with discounts

The loss swelled from Rs 1.78 billion in the preceding year

L&T reports Q2 net profit at Rs 22 bn over write-back of doubtful debt

As on September 2018, L&T's total order book was at Rs 2.81 trillion, of which 22 per cent was from international orders

Wire and cable maker Polycab India files IPO papers with Sebi

Proceeds of the issue will be used for scheduled repayment of certain borrowings

Reliance MF Q2 net profit up 12% to Rs 1.14 bn, revenues flat at Rs 3.91 bn

For the quarter, the company's total assets under management stood at Rs 4.04 trillion, an increase of 6% year on year

Vedanta Q2 net profit at Rs 11.35 bn, down 43% from same period last year

Increased fuel costs drag operating profit even as net sales witness 5% rise

Tata Motors reports loss of Rs 10.49 billion on weak JLR sales in Q2

Tata Group Chairman N Chandrasekaran said the Tata Motors' domestic business continued to deliver strong improvement in operational and financial performance

Larsen & Toubro Q2 profit jumps 23% at Rs 22.30 billion, beats estimate

Revenue from operations jumped 21.3 per cent to Rs 320.81 billion