Net profit of India's largest truck maker by sales rose 57.5% to Rs 5 I 3.76 crore, while sales dipped 7.8% to Rs 6350.20 crore in QI June 2009 over QI June 2008. The unexpected rise in standalone profit came as lower commodity prices and a smaller foreign-exchange loss helped offset declining vehicle sales. Tata Motors had an unrealized foreign-exchange loss ofRs 5.54 crore in Q I June 2009 compared with Rs 162 crore in QI June 2008. Spending on steel and other raw materials, the single-biggest expense, fell 24% to Rs 3802 crore in QI June 2009 over QI June 2008. Meanwhile, the company repaid US$ 150 million of the US$ I-billion Jaguar and Land Rover (JLR) bridge loan. The company had raised the money last month by selling 1.5% stake in Tata Steel. It roped in two international consultancy fmns KPMG and Roland Berger to advise on cutting costs and reducing complexities at its loss-making JLR units.
The Mumbai-based real-estate developer is planning to issue shares of up to US$ 450 million, or its rupee equivalent. The funds to be raised in the next few months will be used early next year for financing projects. The developer plans to launch 2.3 million square feet (mst) of development in Mumbai suburbs after the monsoon. It will also start a slum rehabilitation project in Goregaon and another two-three projects at Bhandup, both in Mumbia. Meanwhile, net profit fell 66.2% to Rs 107.47 crore and sales 48.2% to Rs 295.35 crore in Ql June 2009 over Ql June 2008.
Net profit of India's largest two-wheeler maker by sales rose 25.3% to Rs 583.54 crore and sales 33.9% to Rs 6364.71 crore in Ql June 2009 over QI June 2008. Increased sales of high-end models, new product launches and a drop in raw-material prices aided the strong growth in the first quarter net profit. Maruti Suzuki India expects to show similar performance in the second quarter this fiscal on huge demand for its cars in Europe. The scrappage policy in Europe that gives cash incentives to those buying fuel-efficient cars boosted exports 135% to 29,314 units in Ql June 2009, with the A-Star model contributing 90% to overseas sales. The company hopes to export 1,30,000 units of vehicles by March 2010. Total vehicle sales rose 17.72% to 2,26,729 units in QI June 2009 over Ql June 2008. Declining interest rates bolstered car sales in the domestic markets,too. Maruti Suzuki India's operating profit margin improved in the June 2009 quarter due to a combination offactors like commodity prices, better margin yield from the more expensive diesel models, localisation for procuring automobile components, a favourable foreign exchange rate, and reduced expenses on sales promotion, advertising, freight and shipping. It has earmarked Rs 21 OO-crore capital expenditure this year. Cash reserves are Rs 4700 crore.
Net profit of India's largest real-estate developer by market capitalisation plunged 85.7% to Rs 100.40 crore and sales 67.3% to Rs 417.97 crore in QI .Tune 2009 over Ql June 2008. Consolidated net profit declined 78.75% to Rs 396 crore and consolidated sales 56.7% to Rs 1649.86 crore in Ql June 2009 over Q I June 2008. There was, however, a sharp improvement in its sequential result. Standalone net profit rose 236.23% to Rs 100.40 crore and sales 652.69% to Rs 417.97 crore in Ql June 2009 over Q4 March 2009. The economy has been showing signs of recovery, and activity in the real estate sector has picked up suitably, DLF's vice chairman Rajiv Singh said in a statement. Construction activity has gained momentum and response to new launches has been encouraging. Going forward, the company expects the scenario to improve further.
The Mumbai-based real-estate developer is planning to issue shares of up to US$ 450 million, or its rupee equivalent. The funds to be raised in the next few months will be used early next year for financing projects. The developer plans to launch 2.3 million square feet (mst) of development in Mumbai suburbs after the monsoon. It will also start a slum rehabilitation project in Goregaon and another two-three projects at Bhandup, both in Mumbia. Meanwhile, net profit fell 66.2% to Rs 107.47 crore and sales 48.2% to Rs 295.35 crore in Ql June 2009 over Ql June 2008.
Net profit of India's largest two-wheeler maker by sales rose 25.3% to Rs 583.54 crore and sales 33.9% to Rs 6364.71 crore in Ql June 2009 over QI June 2008. Increased sales of high-end models, new product launches and a drop in raw-material prices aided the strong growth in the first quarter net profit. Maruti Suzuki India expects to show similar performance in the second quarter this fiscal on huge demand for its cars in Europe. The scrappage policy in Europe that gives cash incentives to those buying fuel-efficient cars boosted exports 135% to 29,314 units in Ql June 2009, with the A-Star model contributing 90% to overseas sales. The company hopes to export 1,30,000 units of vehicles by March 2010. Total vehicle sales rose 17.72% to 2,26,729 units in QI June 2009 over Ql June 2008. Declining interest rates bolstered car sales in the domestic markets,too. Maruti Suzuki India's operating profit margin improved in the June 2009 quarter due to a combination offactors like commodity prices, better margin yield from the more expensive diesel models, localisation for procuring automobile components, a favourable foreign exchange rate, and reduced expenses on sales promotion, advertising, freight and shipping. It has earmarked Rs 21 OO-crore capital expenditure this year. Cash reserves are Rs 4700 crore.
Net profit of India's largest real-estate developer by market capitalisation plunged 85.7% to Rs 100.40 crore and sales 67.3% to Rs 417.97 crore in QI .Tune 2009 over Ql June 2008. Consolidated net profit declined 78.75% to Rs 396 crore and consolidated sales 56.7% to Rs 1649.86 crore in Ql June 2009 over Q I June 2008. There was, however, a sharp improvement in its sequential result. Standalone net profit rose 236.23% to Rs 100.40 crore and sales 652.69% to Rs 417.97 crore in Ql June 2009 over Q4 March 2009. The economy has been showing signs of recovery, and activity in the real estate sector has picked up suitably, DLF's vice chairman Rajiv Singh said in a statement. Construction activity has gained momentum and response to new launches has been encouraging. Going forward, the company expects the scenario to improve further.
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