TOP CORPORATE NEWS
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Dr Reddy's Labs Q3 beats
estimates, net up 70% to Rs 618 cr
Dr Reddy's Laboratories third net profit growing over 70 percent
compared to same quarter last year. Consolidated net profit increased to Rs
618.53 crore from Rs 363.3 crore. Net sales grew 23.3 percent year-on-year to
Rs 3,533.76 crore in the quarter ended December 2013 driven by global generics.
·
NMDC Dec quarter net profit up 21%
at Rs 1,567 cr
NMDC posted a 21 percent rise in net profit at Rs 1,567 crore for
the third quarter ended December, aided by higher sales. Turnover of the
company rose 38 percent to Rs 2,823 crore on higher sales of iron ore, which
stood at 7.34 million tonnes during the quarter.
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Tata Motors riding high as Q3 profit
beats street forecast
Tata Motors has rallied nearly 5% after reporting a better than
expected almost three-fold jump in consolidated net profit at Rs 4,805 crore
for the quarter ended December 2013 on back of strong demand, growth in volumes
and favourable product mix .
·
Apollo Hospitals Q3 net profit Rs.
834mn
Apollo Hospitals has posted a net profit of Rs. 834.40 million for
the quarter ended December 31, 2013 as compared to Rs. 806.40 million for the
quarter ended December 31, 2012. Total Income has increased from Rs. 8638.30
million for the quarter ended December 31, 2012 to Rs. 9971.50 million for the
quarter ended December 31, 2013.
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