Oberoi Realty Q1 net profit at Rs64.33 crore

The Company has recorded Consolidated Revenue of Rs. 181.85 crore for Q1FY15 as against Rs. 228.49 crore for Q4FY14.

Oberoi Realty Limited, headquartered in Mumbai, today announced its results for the first quarter of FY15. The Company has recorded Consolidated Revenue of Rs. 181.85 crore for Q1FY15 as against Rs. 228.49 crore for Q4FY14. The Consolidated Profit Before Tax for Q1FY15 was Rs. 93.40 crore as against Rs.126.59 crore for Q4FY14. The Consolidated Profit After Tax for Q1FY15 was Rs. 64.33 crore as against Rs. 77.03 crore for Q4FY14. The aggregate area booked during the quarter was 67,730 sq ft as against 47,675 sq ft booked in Q4FY14, a growth of ~42%. The order book stands at Rs 1,535 crore as against Rs 1,509 crore at the end of Q4FY14. Commenting on the results, Vikas Oberoi, Chairman & Managing Director, Oberoi Realty Limited said “With the uncertainty of the elections being over, we are seeing a distinct change in sentiments.  The new government appears determined to tackle the macroeconomic issues and has begun in right earnest with a focus on infrastructure.  The recent policy changes on FDI in real estate and the budget provisions for REITs also indicate a forward thinking approach on the sector.  The increase in volumes indicates that the customer is again confident of the ‘India story’.  Our pipeline of projects coupled with the positive market conditions, creates an ideal environment for the company to deliver on its potential.”

HDFC Bank Q1 net profit at Rs2233cr

Total Income has increased from Rs. 115885.60 mn for the quarter ended June 30, 2013 to Rs. 130706.50 mn for the quarter ended June 30, 2014. HDFC Bank  Ltd has posted results for the first quarter ended 30th June, 2014. The net profit for the quarter stood at Rs2233 crore. Total Income has increased from Rs.115885.60 mn for the quarter ended June 30, 2013 to Rs. 130706.50 mn for the quarter ended June 30, 2014. Its Q1 net NPA was at 0.3%. The Capital adequacy ratio stood at 15%.1% as on 30th June , says HDFC Bank.

Reliance Infra Q1 profit up 10.2% but revenue falls 24%

Consolidated total income of the company dropped 23.9 percent to Rs 4,151 crore in June quarter compared to Rs 5,452 crore in same quarter last year, impacted by fall in EPC and contracts business revenue.

Anil Dhirubhai Ambani Group Company Reliance Infrastructure  's first quarter (April-June) consolidated net profit grew 10.2 percent on yearly basis to Rs 457.6 crore helped by other income despite decline in revenue and increase in finance cost. Consolidated total income of the company dropped 23.9 percent to Rs 4,151 crore in June quarter compared to Rs 5,452 crore in same quarter last year, impacted by fall in EPC and contracts business revenue. EPC revenue slipped significantly to Rs 589.7 crore in first quarter of current financial year, down 64.5 percent compared to Rs 1,659.7 crore in the year-ago period while revenue from electricity business declined to Rs 3,367.7 crore from Rs 3,603 crore during the same period. Other income during April-June quarter increased to Rs 397 crore from Rs 293 crore in corresponding quarter of last fiscal whereas finance cost jumped to Rs 481 crore from Rs 424 crore Y-o-Y. Meanwhile, its standalone profit slipped 14 percent on yearly basis to Rs 321.5 crore on total income of Rs 2,536 crore (down 22.7 percent compared to the year-ago period) during the quarter. Operating profit declined 2 percent year-on-year to Rs 431 crore but margin shot up 360 basis points to 17 percent in the quarter gone by. Reliance Infrastructure said it recovered Rs 247 crore arrears during the quarter and also Rs 76 crore cross subsidy charge. EPC business has order book of Rs 6,181 crore as of June 2014, it added.