Bajaj Auto's quarterly net profit increased 22% after corporate tax cuts benefited Rs 182 crore.

(Commerce Rep) Mumbai Ta 23 October 2019, Wednesday

Automobile giant Bajaj Auto Limited has announced encouraging results for the second quarter ended September 1, 2016. Net profits increased by 5% over the same period last year to Rs 5 crore as a result of reversal of tax expense for the company due to a reduction in corporate tax.

Revenue from the operations of the company has dropped by four percent to Rs 1 crore. The operating margin has also been reduced from 8.5 percent to 5.7 percent. Total sales fell 5 percent to 5,900 vehicles, from 5,8,8 vehicles in the same quarter last year. The second quarter has been difficult for the local motorcycle industry. Retail is up 5%, which is down to 5% in terms of billing. Bajaj Auto has a retail market share of 5%. On August 3, the company introduced the new Pulsar 3, which has sold 5,7 units.

The international business accounted for 5% of the company's net sales, while Bajaj Auto, as an international business, reported sales of more than 5,900 vehicles in the second quarter. Bajaj Auto said the surplus cash and cash equivalents remained at Rs 5 crore at the end of September 2, after paying dividends and taxes of Rs 1 crore. Compin has consistently dominated the 3cc Plus segment, with 3,500 vehicles sold in the quarter, including the Pulsar and Avenger.

The order book of L&T is Rs. Over Rs 3 lakh crore: Quarterly net profit increased by 5% to Rs 1 crore

Engineering and Construction giant Larson & Toubro Limited (L&T) has announced the expected results for the second quarter, ending September 9th. The net profit of the company on a consolidated basis increased by 8% to Rs. 1 crore from the same period last year. Total revenue increased by 5% to Rs. The order book of the company has crossed Rs 3 lakh crore and reached Rs.

The company received large orders in hydrocarbons, buildings and factories as well as power businesses in the second quarter. The hydrocarbon segment has received notable orders of Rs. 5 crore, of which mega orders have been received in the onshore vertical in the domestic market.

In the development projects segment, the company has received customer revenue of Rs. 1 crore. In which, the growth rate was 8% compared to the same period last year.

In the power segment, the company received orders of Rs 1 crore in the quarter. L&T received a new order totaling Rs 8.5 crore, a 3% increase in the quarter.

L&T's order book has crossed Rs 3 lakh crore and reached Rs 5,6 crore at the end of September 1, of which international orders accounted for 5%.

Hero MotoCorp's quarterly net profit fell 5 percent to Rs 1 crore

India's largest two-wheeler manufacturer Hero MotoCorp Limited has announced poor results for the second quarter ended September 1, 2015. The company's net profit fell by 5 percent to Rs 5 crore compared to Rs 5 crore in the corresponding period last year. However, on a consolidated basis, the total revenue has decreased by 5% to Rs 1 crore. Ebitda margin is up 5%.

On a standalone basis, the company's net profit has dropped from Rs 5 crore to Rs 5 crore. Niranjan Gupta, Chief Financial Officer, Hero MotoCorp said that the ongoing festive season has been overall stable as a result of the recent introduction of new motorcycles and scooters. The company is expected to catch up with demand during the Dhanteras and Diwali festivals. The company's half-yearly net profit increased by 5 percent to Rs 1 crore and gross revenue fell 5 percent to Rs 5 crore.

HCL Tech's 5: 3 share bonus: Net profit up 5% to Rs 1 crore

IT giant HCL Technologies Limited today announced a bonus to shareholders before Diwali. The company announced today its quarterly results giving shareholders one share bonus per share. In the second quarter ended September 1, the company posted a net profit of Rs 5 crore on a consolidated basis, registering a growth of 8 percent compared to Rs 1 crore.

Along with this, the company has also raised the revenue growth estimate for the year 3-5 to 5%. With this, the company has declared a dividend of Rs.

Revenue from operations of the company increased by 5% to Rs. 8 crore compared to Rs. The company has increased its revenue growth estimates for the full year 6-8 from its previous 3-5 percent growth and has now put it at 5-7 percent. HCL Technologies president and chief executive officer C Vijay Kumar said, "HCL has achieved an extraordinarily good quarterly performance, achieved annual growth of 8.5%, giving the company strong focus on pricing and cost over the past six months." It has been helpful to get a percentage Ebita.

The company's net profit in the dollar increased by 8.5 percent to $ 8 million. Revenues increased by 5.5 percent to $ 8 billion. The company added a total of 6,4 employees in the second quarter. On the net basis, 5 employees have been added. Even before the results of the company and the bonus share issue were announced, the stock price rose to Rs.