1. BajajAuto declares profit to rise by 5.27%: On Wednesday, Bajaj Auto declared its Q2 reports with profit up by 5.27% with a net consolidated profit of Rs12.56 billion for the Quarter. The company had posted a net profit of Rs. 11.93 billion in the previous year. The total revenues from operations that stood at Rs. 79.86 billion for the reported quarter. It was Rs. 65.66 billion in the September quarter of 2017-18. On BSE, shares of BajajAuto were trading at Rs. 2483.75 per scrip, down 3.97% from the previous close.
2. Bharti Infratel Q2 PAT fell 6%: On Wednesday, Telecom based firm Bharti Airtel reported a 6% decline in profit after tax for Q2 on account of reduction in tenancy. The firm had registered a profit after tax of Rs. 6.38 billion in the same duration a year ago. Chairman of Bharti Airtel said,” The Quarter reported much anticipated major exits of nearly 55000 colocations at Infratel and Indus due to consolidation and merger of operators, particularly merger of Vodafone&Idea. Uncertainty in this respect is broadly addressed.
3. Sterlite Tech Q2 jumps 84 %: On Wednesday, Broadband Technology based firm Sterlite Tech posted 84% jump in consolidated net profit to Rs. 1.31 billion for Q2.The company has clocked Rs. 712.3 million net profit in the same duration of past year. Company’s CEO Anand Agarwal said,” This was another quarter of healthy growth due to high demand for the data network. This quarter we had all the time high order book of Rs. 94.55 billion to be realized over the next 2.5 years.
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