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Friday, February 7, 2014


TOP CORPORATE NEWS

·        Aurobindo Pharma hits new high on robust Q3 earnings

Aurobindo Pharma has rallied 6% after over four-fold jumped in consolidated net profit at Rs 417 crore for the third quarter ended December 31, 2013 on back of strong operational income.

·        Reliance Infrastructure Q3 net profit at Rs4.50bn

Reliance Infrastructure Limited Q3FY14 Total Income Rs4,218 crore against Rs 5,602 crore in the corresponding quarter of previous year. Net Profit increase 26% Rs 450 against Rs357 crore in the corresponding quarter of previous year.

·        Tata Power posts Q3 loss at Rs 75 cr on forex woes

Tata Power consolidated net loss of Rs 75 crore on account of forex loss in the quarter ended December 2013. The company had posted a loss of Rs 329 crore in corresponding quarter of last fiscal due to impairment loss of Rs 260 crore related to Mundra power project.

·        Andhra Bank drops after poor Q3 numbers

Andhra Bank lost 1.71% after net profit declined 82.27% to Rs 45.57 crore on 12.48% growth in total income to Rs 3900.54 crore in Q3 December 2013 over Q3 December 2012.

·        Reliance Power Q3 net up 6.7%, margin rises 380 bps QoQ

Reliance Power third quarter consolidated net profit growing 6.7 percent sequentially to Rs 267.2 crore on good operational performance. Year-on-year the profit was flat. Consolidated net sales rose 4 percent quarter-on-quarters (down 6 percent year-on-year) to Rs 1,372.6 crore in the quarter gone by.


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