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Thursday, November 13, 2014

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Tata Steel Q2 net up 37% on land sale, Europe EBITDA up 68%
The company earned an exceptional gain of Rs 1,145 crore on account of completion of sale of a land at Borivali, Mumbai. If this exceptional income is removed from profit, then earnings missed street expectations on every front. Tata steel has reported a 36.8 percent jump in consolidated net profit at Rs 1,254 crore for the July-September quarter led by income from land sale in Mumbai. Profit in the year-ago period was Rs 916.8 crore.

Hindalco Q2: Big beat; boost from aluminium biz
Hindalco Industries Ltd has announced the following Unaudited Standalone results for the quarter ended September 30, 2014:Net profit down 77.94% at Rs78.77 crore vs Rs357.11 crore (YoY)Total Income up 33.3% at Rs8777.66 crore vs Rs6584.67 crore (YoY)

Oil India Q2 profit falls 33% to Rs 608 cr on lower revenue .
Net sales slipped 23.8 percent to Rs 2,081 crore in the quarter ended September 2014 compared to Rs 2,729.6 crore in same quarter last year, impacted by lower crude oil prices.

Adani Enterprises turns corner, Q2 profit at Rs 210 cr
Consolidated total income from operations grew by 3.4 percent to Rs 14,067 crore in the quarter ended September 2014 compared to Rs 13,602 crore in same quarter last year. Adani Enterprises turned profitable with second quarter consolidated net at Rs 210 crore aided by strong operational performance. The loss in the year-ago quarter was Rs 417 crore.

Bajaj Hindustan Q2 loss narrows significantly to Rs 131 cr
Net sales declined 11 percent to Rs 1,180.8 crore in the second quarter of current financial year 2014-15 from Rs 1,327.5 crore in the year-ago period, said the company in its filing.

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