Ortel sees further declines in Q3, hints at Q4 clean-up

Ortel sees further declines in Q3, hints at Q4 clean-up

2018-02-10T17:19:03+00:00 On

Ortel Communications (Ortel), the Orissa-based cable and broadband services provider, reported a loss of Rs 6.6 cr for the third quarter as its broadband business was hit by 4G providers and cable business was under competitive pressure from DTH services. The loss…

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

Future Retail reports 81% jump in net profit on sales growth, lower interest costs

2018-02-06T14:45:23+00:00 On

Future Retail, the flagship company of the Future Group led by Kishore Biyani, reported an 81% jump in its net profit due to higher operating leverage afforded by increasing revenue and a sharp dip in interest costs. Net profit for October-December rose…

Union Bank posts Q3 loss of Rs 1,250 cr on higher provisions, lower treasury income

Union Bank posts Q3 loss of Rs 1,250 cr on higher provisions, lower treasury income

2018-02-03T17:46:45+00:00 On

Union Bank of India, one of India’s largest state-controlled banks, reported a deterioration in its loan book quality and wider losses for the October-December quarter. The bank posted net loss for Rs 1,250 crore for the quarter, compared to net profit of…

Tata Tele Maharashtra pre-tax losses narrow as depreciation falls

Tata Tele Maharashtra pre-tax losses narrow as depreciation falls

2018-02-06T10:21:45+00:00 On

Tata Teleservices Maharashtra, the listed arm of Tata Teleservices that provides telecom services in Maharashtra and Goa, reported better pretax profit margins for the December quarter thanks to lower depreciation charges. Pretax losses narrowed to Rs 385 cr in Q3 from Rs…

Higher advertising costs limit Q3 margins at Info Edge India

Higher advertising costs limit Q3 margins at Info Edge India

2018-02-02T13:16:02+00:00 On

Info Edge India, which runs websites like jeevansathi.com and naukri.com, reported a 22% year-on-year increase in revenue and but the top line remained flattish on a sequential basis. Margins suffered due to higher advertising costs. Total billing during the third quarter increased…

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

Tech Mahindra reports 13% QoQ jump in PAT due to tight control over costs

2018-01-29T16:16:01+00:00 On

IT services company Tech Mahindra reported a 13% sequential jump in its net profit despite modest growth, after it was able to keep costs almost static. Revenue in rupee terms rose 2.2% on quarter. Translated to dollars, it was up 2.5%. Year…

Maruti Suzuki Q3 sales up, profit hit by taxes; Tweaks royalty agreement

Maruti Suzuki Q3 sales up, profit hit by taxes; Tweaks royalty agreement

2018-01-27T15:52:53+00:00 On

India’s largest carmaker Maruti Suzuki reported a 14% increase in net sales for the third quarter, but net profit increased by only 3% due to a rise in tax expenses and investment losses. Operating profit rose 22% on year. Higher “tax rates…

Idea Cellular ARPU falls 13.6%; data price falls to Rs 20/GB

Idea Cellular ARPU falls 13.6%; data price falls to Rs 20/GB

2018-01-24T13:33:11+00:00 On

Idea Cellular reported a 12.8% sequential decline in gross revenue in the third quarter, while average revenue per user or ARPU fell by 13.6% to 114 rupees. However, the decline was less than that reported by bigger peer Airtel. Against the 13.6%…

Havells reports 11% like-to-like sales growth in Q3; 27% growth in PAT

Havells reports 11% like-to-like sales growth in Q3; 27% growth in PAT

2018-01-22T15:00:13+00:00 On

Havells India, one of India’s best performing companies and an electrical goods maker, reported an 11% like-for-like revenue growth for the third quarter and a sharp increase in profit margins. In the second quarter, the company was able to report only a…