Profit

  • SBI Q1 net profit rises 3.3 per cent to Rs 3,349 crore August 8, 2014

    Mumbai: State Bank of India on Friday reported a marginal 3.3 per cent increase in net profit to Rs 3,349.08 crore for the quarter ended June 30 even as provision for bad debts increased significantly. The country's largest bank had a standalone net profit of Rs 3,241.08 crore in the same...
  • ICICI Bank Q1 net profit up 17 pct, beats estimates July 31, 2014

    New Delhi: ICICI Bank Ltd(ICBK.NS), India's second-biggest lender by assets, reported a 17 percent rise in quarterly profit, beating estimates, helped by loan growth and higher fee income. Net profit for its fiscal first quarter ended June rose to 26.55 billion rupees ($440 million) from 22.74 billion rupees a year earlier,...
  • Apple's profit climbs along with iPhone sales, but iPad sales slump July 23, 2014

    San Francisco: Apple on Tuesday reported that its quarterly profit climbed with strong iPhone demand, but a decline in iPad tablet sales put a damper on its results. The California-based company posted a profit of $7.7 billion on revenue of $37.4 billion in the three months period to June 28, an...
  • RIL becomes 1st private company to post $1 billion quarterly profit July 19, 2014

    New Delhi: Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost $1 billion, the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochemical earnings and surge in US shale gas business. ...
  • Samsung Electronics faces falling profits as succession looms July 7, 2014

    Seoul: Smartphone leader Samsung Electronics Co Ltd faces a third straight quarter of profit decline that could become a fourth as cheaper models grab a bigger share of a slowing market and Apple Inc readies the launch of its iPhone 6. Samsung Electronics' woes, exacerbated by a won that has risen...
  • Network18 delivers a strong Annual Operating Performance, FY14 PBT up at Rs. 16 crore May 27, 2014

    Listed below is the investor update for Q4 and FY14 for Network18 Media and Investments Limited. Network18 has delivered a strong Annual Operating Performance. Its FY14 PBT is up at Rs 16 crore vs a loss of Rs 136.9 crore last year. The Reported operating profits (EBITDA) stand at Rs 87.2...
  • SBI Q4 net profit falls 8 per cent to Rs 3,041 crore May 23, 2014

    Country's largest bank SBI on Friday reported 8 per cent decline in net profit at Rs 3,041 crore for the fourth quarter ended March 31, 2014 on account of higher provisioning against bad loans. State Bank of India had a net profit of Rs 3,299 crore on standalone basis in the...
  • Smartphones no longer Samsung's star performer April 29, 2014

    Samsung has reported its second straight annual fall in quarterly profit. The company is facing thinning margins in the competitive market space, and its market share has slipped for the first time in 4 years....
  • Infosys shares jump 5 per cent post Q4 results April 15, 2014

    Shares of Infosys on Tuesday rose nearly five per cent after the company reported 25 per cent increase in net profit for the quarter ended March 31, 2014. The scrip of the country's second largest software services firm opened the day on a positive note and further gained four per cent...
  • Infosys Q4 net profit up 24.9 per cent to Rs 2,992 crore April 15, 2014

    Mumbai: Infosys, India's second largest software services exporter, beat the street by reporting fourth quarter (January-March) net profit at Rs 2,992 crore, up 4 percent compared to previous quarter in FY14. However, revenues fell 1.15 percent to Rs 12,875 crore as against Rs 13,026 crore on sequential basis. Analysts had...
  • Samsung's profit falls as smartphones get cheaper April 8, 2014

    Seoul: Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter. The consumer technology heavyweight said Tuesday that it expects operating income of about 8.4 trillion won ($8 billion) for the January-March quarter, down 4 per cent from a year earlier. Sales were flat at 53 trillion...
  • Microsoft profit beats forecasts, no word on new CEO January 24, 2014

    Microsoft Corp posted a bigger-than-expected quarterly profit on Thursday, boosted by strong sales of its software and services for businesses, a solid holiday season for its new Xbox game console and Surface tablets, and a slightly lower tax bill. The world's largest software company did not say anything about its five-month...
  • Chinese power firms in India under pressure due to rupee January 21, 2014

    Chinese power generations companies which rapidly expanded operations in India in recent years are complaining of pressure due to depreciation of rupee and appreciation of China s currency RMB, saying it has eroded their profits. Indian rupee devalued about 20 per cent at one stage in 2013, while the RMB appreciated...
  • Infosys Q3 consolidated net profit Rs 2,875 crore, beats expectations January 10, 2014

    Mumbai: The country's second-largest software services firm, Infosys, on Friday reported a 21.4 per cent increase in net profit to Rs 2,875 crore in the third quarter ended December 31. Profit was Rs 2,369 crore in the same period a year earlier. Revenue rose 25 per cent to Rs 13,026 crore from...
  • HTC's fourth-quarter profit below expectations January 5, 2014

    Taipei: Taiwanese smartphone maker HTC reported a worse than expected net fourth-quarter profit on Sunday, despite aggressive cost cutting and a one-time gain. The company reported net profit of T$0.3 billion ($10 million), compared to a net loss of T$2.97 billion ($99.9 million) in the previous quarter and profit of T$1.01...
  • Railways profit up by 13 per cent during April-November December 10, 2013

    Railways have earned Rs 89,339.64 crore during April-November as compared to Rs 78,871.47 crore during the same period last year, registering a jump of 13.27 per cent. The total goods earnings have gone up from Rs 54,482.80 cr during April 1 and November 30, 2012 to Rs 60,150.41 crore during the...
  • SBI posts steepest fall in Q2 net profit November 13, 2013

    State Bank of India (SBI) posted its steepest fall in quarterly net profit in more than two years due to worsening asset quality and a slump in treasury operations. SBI, which accounts for a quarter of the country's loans and deposits, said on Wednesday its net profit fell 35 per cent...
  • Tata Motors beats analyst's estimates, records 71 per cent Q2 profit November 8, 2013

    India's biggest automaker by revenue Tata Motors Ltd has beaten analyst estimates by posting a 71 per cent jump in profit, its first quarterly gain in a year, as buoyant sales at luxury unit Jaguar Land Rover Ltd received a lift from new models. Tata Motors, part of the $100 billion...
  • SpiceJet shares fall by 6 per cent post weak Q2 numbers November 8, 2013

    Shares of low-cost carrier SpiceJet tanked by over 6 per cent on Friday after the company reported a record loss of Rs 559 crore in the quarter ended September, 2013. Reacting to the disappointing numbers that were announced post market hours on Thursday, shares of SpiceJet made a weak opening and...
  • Bharti Airtel Q2 net falls 29 per cent on forex losses October 30, 2013

    Bharti Airtel Ltd reported a 29 per cent fall in quarterly profit on foreign exchange losses, the 15th consecutive quarter of declining profits for the world's No.4 mobile phone carrier by customers. Consolidated net profit fell to 5.12 billion rupees for its fiscal second quarter ended September 30 from 7.21 billion...
  • Maruti Suzuki's quarterly profit triples October 28, 2013

    India's biggest carmaker Maruti Suzuki India Ltd beat analyst estimates by nearly tripling its quarterly net profit, helped by cost cuts and a positive foreign exchange impact. The profit jumped mainly because Maruti Suzuki India Ltd's Manesar factory suffered a breakdown in labour relations in July last year, which led to...
  • Bharti Infratel Q2 net profit rises 12 per cent October 28, 2013

    Telecommunications tower operator Bharti Infratel Ltd reported on Monday a 12 per cent rise in quarterly profit on higher sales from leasing mobile masts to carriers. Bharti Infratel, majority owned by India's top telecommunications carrier Bharti Airtel Ltd said consolidated net profit rose to 2.77 billion rupees for its fiscal second...
  • ICICI Bank Q2 net profit up 20 per cent, beats estimates October 25, 2013

    ICICI Bank Ltd, India's largest private-sector lender by assets, posted a 20.1 per cent rise in second-quarter profit, beating analyst estimates, led by higher credit growth and income from fees. Net profit for July-September was 23.5 billion rupees compared with 19.6 billion a year earlier, the bank said on Friday. Net...
  • TCS second-quarter profit rises 34 per cent October 15, 2013

    Bangalore: Tata Consultancy Services, India's largest provider of information technology services, said quarterly profit rose 34 per cent, beating analyst estimates, as the industry benefited from a record haul of new contracts. TCS and rivals such as Infosys Ltd and International Business Machines Corp won $6 billion of contracts, according to...
  • Infosys Q2 net profit rises to Rs 2407 cr vs Q1 net profit of Rs 2,374 cr October 11, 2013

    Mumbai: Bangalore: IT major Infosys on Friday reported a 1.6 per cent rise in consolidated net profit to Rs 2,407 crore for the second quarter ended September 30, 2013, on the back of large deals and increased sales from Big Data and Cloud. The Bangalore-based firm had reported a net profit...
  • Samsung reports record-high 3Q profit, operating income rose 25 pc October 4, 2013

    Seoul: Operating profit at Samsung Electronics hit another record high in the July-September quarter, likely driven by robust sales of its cheaper mid-range smartphones in developing countries. The maker of Galaxy smartphones said Friday that its third-quarter operating income rose 25 per cent over a year earlier to 10.1 trillion won...
  • China's ICBC posts profit worth USD 22.3 billion August 29, 2013

    The Industrial and Commercial Bank of China (ICBC), the country's largest lender, posted a profit of 138.5 billion yuan (USD 22.3 billion), registering a year-on-year increase of 12.4 per cent. ICBC's net interest income climbed 5.8 per cent from a year earlier to 215.9 billion yuan while the net fee and...
  • Tech Mahindra Q1 net profit up 27 pc at Rs 686.3 crore August 12, 2013

    Software major Tech Mahindra on Monday reported 27 per cent jump in consolidated net profit at Rs 686.3 crore for the quarter ended June 30, 2013, on the back of growth across verticals like manufacturing and media ~~amp; entertainment. The company's net profit stood at Rs 540.5 crore in the same...
  • Air India generates cash surplus of Rs 460 crore in April-June August 4, 2013

    New Delhi: A series of cost cutting measures and an aggressive marketing strategy have led Air India to generate cash surplus of Rs 460 crore in April-June on the back of a consistent growth trend since last July. The all-round improvement resulted from a strategy that encompassed a review of Air...
  • Bharti Airtel Q1 net profit down 9.6 pc to Rs 689 crore July 31, 2013

    New Delhi Telecom major Bharti Airtel on Wednesday reported a 9.6 per cent drop in consolidated net profit to Rs 688.9 crore in the first quarter ended June 30, mainly due to depreciation in the rupee and higher taxes. The company posted a profit of Rs 762.2 crore during the...