GMR Infra net loss widens to Rs 610 cr for Sept quarter
GMR Infrastructure limited on Saturday said its net loss for the quarter ended September 30 widened to Rs 610 crore (after minority interest) against Rs 393 crore during the same quarter a year ago.
The loss is attributable to higher fuel and finance cost, it said
in a statement.The income from operations was up at Rs 2,682 crore for the quarter against Rs 2,419 crore year ago.The company has incurred nearly Rs 845 crore and Rs 500 crore towards finance charges and fuel cost respectively, while the same were Rs 684 crore and 276 crore a year ago.
SpiceJet posts net loss of Rs 310 crore for Sept quarter
low cost carrier SpiceJet reported a net loss of Rs 310 crore for the second quarter ended September 30, 2014.The airline had posted a net loss of Rs 559 crore in the corresponding quarter of the last financial year, the company said .SpiceJet witnessed a 15 per cent growth in total revenue in comparison to same quarter last year, the company said.
Tata Motors Q2 Net down 7% on poor India sales, higher taxes
Tata Motors' net profit fell by 7 per cent to Rs 3,291 crore in the second quarter on higher tax provisions and a steep decline in India sales, even as margins improved at its flagship British arm JlR.
The auto major had posted a consolidated net profit of Rs 3,541.86 crore in the September quarter of the last fiscal.
Revenue from the company's British unit Jaguar land Rover (JlR) went up by 7.34 per cent to Rs 49,160.72 crore in the second quarter this fiscal, as against Rs 45,795 crore in the year-ago period.
United Breweries (Holdings) Q2 net profit at Rs 3.59 crore
United Brewaries (Holdings) limited reported a net profit of Rs 3.59 crore for the quarter ended September 30, 2014.The company had posted a net profit of Rs 1,024.34 crore in the corresponding period of the last fiscal, United Breweries (Holdings) limited said in a filing to the BSE.Total income from operations for the quarter ended September 30 stood at Rs 100.82 crore as against Rs 118 crore in the same quarter fiscal.
RCom Q2 net profit down 77% to Rs 153 cr
Telecom operator Reliance Communications reported 77 per cent decline in consolidated net profit to Rs 153 crore for second quarter ended September, mainly on account of a significantly high 'other income' in the year-ago period.
The company had reported net profit of Rs 675 crore in the same period of the last fiscal. That included one-time 'arrangement' of Rs 441 crore for provisional business restructuring. Net profit during July-September period of the 2014-15 fiscal was, however, up by about 16 per cent on quarterly basis. The company had posted net profit of Rs 132 crore in the April-June period."This was a seasonally weak quarter but we had a satisfactory performance. Our PAT (profit after tax) was up by about 16 per cent on sequential quarter basis on account of reduction in finance cost and net debt," said RCom CEO Gurdeep Singh