Bajaj Auto Net Falls 3% Despite Higher Revenue
Jan 30, 9:54 AM EST |
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| Quarterly net profit fell to Rs 326.81 crore vs. Rs 336.42 crore last year, while revenue rose 6% from a year ago to Rs 2,501.70 crore. |
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| India''s second- biggest motorcycle maker attributed the 5.2% drop in net income to the higher interest rates that slowed demand. Bajaj Auto added that quarterly vehicle sales declined to 713,135 units from 738,219 a year earlier, while sales of motorcycles fell 2.8% to 634,316 units and of three-wheeled vehicles declined 13% to 74,419 units. |
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Tata Motors January Vehicle Sales Decline
Jan 30, 11:04 AM EST |
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| Vehicle sales for the month of January 2007 declined to 54,796 units from 55,440 reported a year earlier. |
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| India''s top bus and truck maker said that sales of commercial vehicles increased 5.6% from a year ago to 30,530 units. Exports climbed 10.8% to 4,147 units. Indica sales dropped 14.6% to 12,360 units, while the Indigo family posted sales of 2,901 units, down 9.5% from a year ago. Cumulative sales of passenger vehicles in the domestic market slid 4.8%, while total sales including exports declined 1.16% from a year ago. |
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Reliance Communications Profit Jumps 49%
Jan 25, 9:57 AM EST |
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| Net income climbed 49% to 13.7 billion rupees ($348 million) in the latest quarter from 9.24 billion rupees a year ago. |
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| India''s second-largest wireless provider said that sales rose 27% to 47.8 billion rupees. The company added 4.64 million customers in the quarter to a total of 41 million. Reliance''s market share has shrunk to 17.6% from 21% a year earlier after the company had to disconnect unverified users, according to government regulations. |
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Reliance Industries Profit Meets Expectations
Jan 15, 9:15 AM EST |
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| Third-quarter net profit was 38.82 billion rupees thanks to growth in the company’s refining margins. |
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| India''s largest private sector company posted net sales of 345.90 billion rupees for the latest three months. The results are not comparable with those of a year ago as they include the effect of a merger with Indian Petrochemicals. For the third quarter, the company''s gross refining margins increased to 15.4 usd a barrel from 11.7 usd a barrel reported last year. |
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Infosys Profit Climbs 26%
Jan 14, 2:38 PM EST |
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| The India technology firm, reported third quarter revenue jump of 32% to $1.1 billion compared with $821 million reported in the year-ago quarter. |
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| India’s second-largest services provider posted 11.9% sequential increase in profits thanks to the stronger margins and more offshoring contracts. The company reported 25% growth in net profits from a year ago and added 47 clients in the most recent quarter. Earnings per ADS rose to 54 cents from 39 cents last year. Infosys forecasts income growth of 18.7% to 19.3% for the next quarter. For the year, the company expects income to grow by 19.7% to 19.9%, or $4.2 billion to $4.3 billion. |
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Hindalco Profit Drops on Lower Metal Prices
Feb 01, 9:53 AM EST |
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| Net income declined to 5.43 billion rupees ($138 million) in the third quarter, from 6.44 billion rupees a year ago. |
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| India\''s biggest aluminum producer, added that its sales fell 3% from a year ago to 45.3 billion rupees. All Indian smelters suffered from the 12% jump of the rupee compared to the dollar and the lower smelting fees. Hindalco lifted aluminum output by 9% and copper by 12% in the latest quarter. |
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