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TOP CORPORATE NEWS-29 May 2014

IOC slips after weak Q4 outcome
Indian Oil Corporation fell 3.44% after net profit fell 35.30% to Rs 9389.85 crore on 5.32% increase in total income to Rs 135465.86 crore in Q4 March 2014 over Q4 March 2013.

Hindalco Q4 net profit at Rs. 2.48bn

Hindalco Group has posted a consolidated net profit of Rs. 21750.10 million for the year ended March 31, 2014 as compared to Rs. 30268.90 million for the year ended March 31, 2013. Total Income has increased from Rs. 812050.30 million for the year ended March 31, 2013 to Rs. 887126.90 million for the year ended March 31, 2014.

Hero MotoCorp Q4 net down 3.4% at Rs 554.43cr

Hero MotoCorp reported 3.44 per cent decline in its standalone net profit for the fourth quarter ended March 31, 2014 at Rs 554.43 crore. Net sales during the period under review stood at Rs 6,455.7 crore as against Rs 6,072.47 crore in the same quarter previous fiscal, up 6.31 per cent.

Coal India slips after weak Q4 results

Coal India fell 0.59% after consolidated net profit fell 18.10% to Rs 4434.18 crore on 1.23% increase in total income to Rs 22382.35 crore in Q4 March 2014 over Q4 March 2013.


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