Mumbai -- TVS Motors has lost by 1.1% to Rs. 79. The company is to import components to cut annual expenses by 15%. The scrip has touched a high of Rs. 81 and a low of Rs. 79 and has recorded volumes of over thousand 1 lakh shares on NSE.
UTV Software Communications has announced its first quarter results. The company's net profit was down at Rs. 3.40 crore (Rs. 34mn) from Rs. 3.45 crore (Rs. 34.5mn). The Entertainment and Electronic Media Software company's operating revenue was up 7.8% at Rs. 52.3 crore (Rs. 523mn) against Rs. 48.5 crore (Rs. 485mn).
GTC Industries has also declared its first quarter results. The company's gross profit is up at Rs. 3.80 crore (Rs. 38mn) from Rs. 3.40 crore (Rs. 34mn). The Cigarettes industry's total sales are up at Rs. 48.5 crore (Rs. 485mn) from Rs. 43.6 crore (Rs. 436mn).
Indiabulls Financial Services has announced its first quarter results. The company's consolidated gross profit was down at Rs. 76 crore (Rs. 760mn) from Rs. 80.37 crore (Rs. 803.7 mn) quarter-on-quarter, QoQ. The Finance & Investments industry's income was up at Rs. 220 crore (Rs. 2.20bn) from Rs. 194.3 crore (Rs. 1.94bn) QoQ.
The company's consolidated net profit was up at Rs. 76 crore (Rs. 760mn) from Rs. 40.9 crore (Rs. 409 mn) YoY. Its income was at Rs. 220 crore (Rs. 2.20bn) against Rs. 97.8 crore (Rs. 978mn) YoY. The financing income was up at Rs. 105 crore (Rs. 1.05bn) versus Rs. 90 crore (Rs. 900 mn). Its broking income was up at Rs. 98 crore (Rs. 980mn) against Rs. 76.8 crore (Rs. 768mn).
