India's third largest software exporter, Wipro Ltd. has declared its first quarter Q1 results today, with a decline of 2.9% in its net profit to Rs.1,335 crore versus Rs.1,375 crore in the previous quarter (QoQ basis). It was also found that EBIT margins for the company were at 21.96% for the first quarter. Consolidated revenues jumped by 3% to Rs.8,564 crore from Rs.8,302.4 crore for the ... [Continue Reading]
HDFC Bank Q1 for FY12 Reports Net Profit of Rs.1085 crore
India’s second largest private sector bank HDFC Bank, reported its first quarter result for 2011 (April-June), its net profit rose by more than 33% to Rs.1,085 crore as compared to the same period last year. This result was better than expected, so the market participants has become positive on the growth of this private sector bank. However, the CASA (Current Account Savings Account) ratio ... [Continue Reading]
Bajaj Auto Declares Q1 Results net profit jumps 20.5% at Rs 711 crore
India’s second largest two wheeler producer Bajaj Auto Ltd. has declared its first quarter FY12 net profit of Rs/711 cr, a growth of 20.5% as compared to Rs.590 crore for the same period a year ago. Also, revenues increased 22% to Rs.4,777 cr in the quarter ended March 2011 versus Rs.3,890 crore in same period the previous year. However, operating profit margin too was quite a bit disappointing, ... [Continue Reading]
Infosys declared its Quarter 1 results, net profit down 5.4%
India’s second largest software exporter Infosys Technologies Ltd. has declared its Q1 result for FY12, the net profit stood at Rs.1,720 crore i.e down 5.4% as compared to Rs.1,818 crore in the previous quarter. The total revenues for the quarter ended June 2011 was Rs.7,485 crore. Also other income increased to Rs.443 crore from Rs.415 crore, however it was a marginal increase. EBIT margin for ... [Continue Reading]
Tata Steel FY11 Results Declared, Profit of About Rs.8983 crore
Tata Steel one of largest steel producer in India, has announced its FY11 results yesterday. The company's FY11 consolidated net profit was seen at Rs.8983 crore versus net loss of Rs.2,009 crore in its previous year. Also, its consolidated net sales were up at Rs.1.17 lakh crore versus Rs.1.02 Lakh crore. cash, bank balances were seen at Rs.10893 crore as on 31 March 2011. Companys net debt was ... [Continue Reading]