The combination of higher fuel costs and forex losses pushed budget carrier SpiceJet Ltd into the red in the fiscal third quarter ended December 31, 2013.
Controlled by billionaire Kalanithi Maran-promoted Sun Group, SpiceJet, on Friday reported a net loss of Rs 1.73 billion (US$27.74M) for its October-December quarter. In the corresponding quarter of the previous year, the carrier had pocketed a net profit of Rs 1.02 billion.
Shares in Tata Motors Ltd gained more than 5 per cent in morning session trade on Tuesday after the auto giant reported better-than-expected third-quarter results.
Beating analysts' estimates, Tata Motors on Monday reported a rise of 195.14 per cent in its consolidated net profit to Rs 4,805 crore in the October-December quarter of 2013.
Revenue jumped 38.6 per cent year-on-year to Rs 63,877 crore in the three-month period under review. The profit was boosted by strong demand for the company's luxury Jaguar Land Rover (JLR) vehicles.
Aurobindo Pharma jumped nearly 6 per cent in morning trade on Friday after the drug-maker announced an over four-fold jump in its quarterly consolidated net profit.
The company announced that its consolidated net profit jumped more than 400 per cent to Rs 417 crore in the three months ended December 31, 2013. In the corresponding period of the previous year, the company had pocketed a consolidated net profit of Rs 92 crore.
Shares of Tech Mahindra gained nearly 3 per cent in early morning trade on Wednesday after the company reported a sharp rise in its quarterly net profit.
After market hours on Tuesday, February 4, Tech Mahindra announced that its consolidated profit after tax climbed 40.6 per cent to Rs 1010 crore in the October-December quarter of 2013 over the previous quarter; while revenue jumped 2.7 per cent to Rs 4899 crore.
Telecommunication services provider Bharti Airtel on Tuesday reported its first quarterly net profit in four years, thanks to lower competition and a rise in voice call rates.
The New Delhi-based company announced that its consolidated net profit jumped to Rs 610 crore in the three months ended December 31, 2013; from Rs 284 crore in the corresponding three-month period of the previous year.
The company's net income before exceptional items jumped to Rs 832 crore. Revenue jumped to Rs 21,939 crore, up 13.3 per cent from Rs 19,362 crore reported in the year-ago period.
Reliance Industries Ltd's recently announced quarterly results have indicated that the conglomerate may soon start enjoying a rise its operating profit, according to CLSA and Goldman Sachs analysts.
The Mukesh Ambani-led conglomerate has been reporting a fall in its operating profit for the past couple of fiscals; but an analysis of its October-December quarter has hinted that the tide is turning.
Sluggish economy accompanied by high fuel and interest costs continued deterring passenger cars sales growth in December 2013.
Maruti Suzuki, the country's biggest passenger car manufacturer, suffered a decline of 4.4 per cent in its total car sales to 90,924 units in December 2013. The manufacturer sold 95,145 units in the corresponding month of 2012. The company's exports dropped 67 per cent, from 13,072 units in December 2012 to just 4,311 units in December 2013.
Indian drug-maker Sun Pharmaceutical Industries Limited (Sun Pharma) has reported a bigger-than-expected year-on-year rise in September quarter profit, along with a hike in its revenue growth outlook for current fiscal.
Late on Wednesday, Sun Pharma announced that its net profit jumped nearly 3.5 times to Rs 1,559.79 crore in the July-September quarter of current fiscal, while net sales jumped at an impressive rate of 46 per cent Rs 4,192.05 crore. In the corresponding quarter of the last fiscal, the company had reported net sales of Rs 2,857.24 crore.
Shares of Tata Steel Ltd gained nearly 4 per cent after the steel giant reported a better-than-expected profit for the quarter ended September 30 this year.
Beating analysts' estimates, Tata Steel reported a consolidated net profit of Rs 917 crore for the July-September quarter, as against a net loss of Rs 364 crore in the corresponding period of last year. A group of analysts surveyed by Bloomberg had projected an average consolidated profit of Rs 383.6 crore.
United Spirits Ltd has said that it has recorded a rise of 140 per cent in profits to Rs. 94.27 crore on a standalone basis during the second quarter of the financial year compared to the same quarter of the previous year.
The company had recorded a profit of Rs. 39.27 crore during the second quarter of the year. the company' s income from operations fell 8 per cent to Rs. 2,057.56 crore compared to Rs. 2,236.77 crore recorded during the same quarter of the previous year. The EPS stood at Rs 6.49 during the period compared to Rs. 3 recorded during the previous year.