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Strides Shasun for the first quarter reported net profit at Rs 41.79 crore and total income stood at Rs 870 crore versus Rs 955 crore quarter on quarter.
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"If the raw material prices remain at the level that they are and the sales realisation goes up a little bit then we would see a better profit than last year," Shrinivas V Dempo, Chairman of Goa Carbon said.
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Net profit fell 31 percent sequentially to Rs 88.5 crore in the quarter ended December 2013 as it reported forex loss of Rs 27.2 crore as against forex gain of Rs 20 crore.
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Higher employee cost, weak rupee and increase in lease rentals landed Jet Airways into loss during Q1
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Lanco Infra has initiated the process of corporate debt restructuring (CDR) for standalone debt of Rs 7,300 crore. Its consolidated debt on the books stands at over Rs 33,000 crore
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Ranbaxy Labs' consolidated revenues felll 18 percent on yearly basis to Rs 2,683 crore during April-June quarter, which was higher-than-expectations of Rs 2,590 crore.
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AK Jain, ED, Ipca Labs told CNBC-TV18 that the start of the earnings for the company is very good and down the line maybe after Q2 it may revise the guidance.
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JSW managed to post Rs 214 crore profit in Q! despite having a forex loss of Rs 187 crore.
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Pharma major Ranbaxy Laboratories reported a consolidated net loss of Rs 2,983 crore in the fourth quarter, compared with Rs 97.5 crore loss a year ago as it made provisions for settling a probe by the US Justice Department and also incurred foreign exchange losses due to the rupee depreciation.
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Abhaya Kumar, managing director of Shasun Pharmaceuticals, tells CNBC-TV18 that the jump in margins is sustainable going ahead.
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KK Singh, chairman and managing director, Rolta India said, the company is hopeful of seeing a reversal of mark-to-market (M-T-M) losses of FCCBs in the third quarter
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India's second largest two-wheeler maker Bajaj Auto reported a little lower-than-expected net profit for the third quarter due to one-time losses on foreign exchange hedging. Net profit for October-December was up 19% year-on-year at Rs 795.19 crore.
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Tata Consultancy Services reported 23% year-on-year rise in second quarter consolidated net profit at Rs 2,887 crore, helped by strong demand for outsourcing services and said the deal pipeline remains strong.
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HCL Technologies reported better-than-expected profit growth for the second quarter, showing no signs of any impact from the global economic downturn. The software services provider's net profit for the Oct-Dec quarter jumped 43.3% from a year ago to Rs 572.7 crore.
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In an interview to CNBC-TV18, Rakesh Mehrotra CFO of KRBL says the company’s net loss can be attributed to a Forex loss of Rs 40 crore, however, he says the losses will revert in the next two quarters.
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Even though the company reported a 40% drop in Q2 profits due to forex losses, Satnam Singh, chairman and managing director of PFC tells CNBC-TV18 that they will not change their hedging position because they redemptions are not due soon.
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Bajaj Auto's net profit came in below street's expectations, but it was still a record breaking quarter for the auto major.
