The company posted net profit of Rs 335.9 crore for the financial year ended March 31, 2015, as compared to Rs 252.9 crore for 2013-14.
The Chennai-based company had registered net profit of Rs 71.90 crore during the January-March quarter of the previous fiscal, 2013-14.
During the full 2014-15 fiscal, net profit was up by 45 percent to Rs 451.45 crore from Rs 311.03 crore in the previous year. Total income rose by 10.89 percent to Rs 5,205.41 crore from Rs 4,694.41 crore.
The company's total income from operations declined to Rs 426.51 crore for the quarter under review as against Rs 479.83 crore in the corresponding period of the previous fiscal. The total expenses of the company reduced to Rs 424.98 crore over Rs 584.42 crore in the year-ago period.
Total income from operations rose 20.14 percent to Rs 5,030.86 crore from Rs 4,187.45 crore during the period under review. For entire fiscal ended March 2015, standalone net profit of MMTC surged 2.5 times to Rs 47.91 crore from Rs 18.64 crore in the previous fiscal.
Total income from operations for the January-March 2015 period dipped to Rs 210.54 crore from Rs 248.12 crore registered during same period of previous year.
Total income of the company went up by 3.82 percent to Rs 463 crore during the quarter as compared to Rs 445.27 crore in the corresponding quarter of the previous financial year.
The company‘s EBITDA margins rose to 12.5 percent at Rs 72 crore compared to Rs 64 crore a year ago.
Going forward, George Alexander Muthoot, MDof Muthoot Finance expects the net interest income (NII) number to be consistent and profits to be driven by assets under management (AUM).
Ranbaxy Laboratories, which has been struggling for drug production due to USFDA issues, reported a net loss of Rs 159 crore for the fourth quarter (October-December) as against loss of Rs 486.55 crore in same quarter last year.
Total income has increased by 7 percent to Rs 4,598.13 crore in the quarter ended December 2013, from Rs 4,311.31 crore in the year-ago period. The Tata group firm's net profit took a beating as its finance costs rose to Rs 165.63 crore from Rs 118.41 crore, while tax expenses increased to Rs 92.61 crore from Rs 73.25 crore in the review period.
SKS had guided a profit of around Rs 55-60 crore for FY14 post Q1 numbers. The company has already generated about Rs 42 crore profit in the first nine months. For the company, the fourth quarter is the best quarter. Dilli Raj, the CFO expects a slight positive surprise on PAT level for FY14.
The company announced EBITDA at Rs 1,014 crore against Rs 3,244 crore y-o-y. Operating margin stood at 2 percent versus 6.6 percent.
The total income of the bank has increased from Rs 5,680.63 crore in the second quarter of last fiscal to Rs 6,236.51 crore in Q2 of 2013-14.
Heidelberg Cement India recently sold its grinding unit in Raigard to JSW Steel. The company currently has a little over five million tonnes per annum cement-making capacity.
DCB reported total income of Rs 601.92 crore for the first six months of the current fiscal, compared to Rs 488.51 crore in the year-ago period.
The total income from operations of the company, however, went up to Rs 471.60 crore, over Rs 418.08 crore in the corresponding period of last financial year, it said.
The company, which has a portfolio of over 30,000 telecom towers across the country, had reported a loss of Rs 85.16 crore for the same period last year.
The company had posted a net profit of Rs 42.98 crore for the corresponding period of last fiscal. Total income from operations of the company also rose to Rs 805.56 crore for the quarter under consideration from Rs 637.61 crore for same period year ago
The total income of the bank rose to Rs 4,852.6 crore in the April-June quarter from Rs 3,978.2 crore in the same period of last year.
Steel casting maker Steelcast posted a 36 percent surge in net profit at Rs 4 crore against Rs 2.95 crore in the corresponding period last year.
Power Grid Corporation on Tuesday posted consolidated net profit of nearly 31 per cent to Rs 4,312.61 crore for the 2012-13 fiscal. The company reported net profit of Rs 4,234.50 crore in the last financial year, up 30 percent from 2011-12.
In an interview to CNBC-TV18, Rajesh Mandawewala, MD, Welspun India said almost 95 percent of their revenues come from international markets and 16 of the top 20 retailers are their customers.
Eicher Motors will invest over Rs 900 crore over the next 2-3 years towards various expansion plans, including a new medium duty engine plant in joint venture with Sweden’s Volvo Group and a new manufacturing plant near Chennai for its Royal Enfield motorcycles.
Department store operator Shoppers Stop swung to a consolidated net loss of Rs 1.52 crore in the first quarter, compared with a net profit of Rs 9.29 crore in the year ago quarter due to a sharp rise in total expenses.