TOP CORPORATE NEWS-28 january

                                      

TOP CORPORATE NEWS

·        Idea Cellular dips post Q3 results

Idea Cellular has dipped 4% after reporting a lower-than-expected consolidated net profit at Rs 468 crore for the third quarter ended December 31, 2013. The company had profit of Rs 448 crore in previous quarter.

·        Mahindra to invest Rs 500cr on CV development

 Mahindra Trucks and Buses Ltd, part of the Mahindra group, plans to invest Rs 500 crore in 2-3 year on developing new products and strengthening of the line-up of commercial vehicles.

·        Adani Ports Q3 net up 25% at Rs 450.51 cr

Adani Ports Ltd reported 24.76 percent growth in consolidated net profit at Rs 450.51 crore for the quarter ended December 31, largely due to nearly 5 times rise in its other income amid flat sales and increased costs.

·        Just Dial Q3 net profit up 86%

Just Dial Ltd. announced its unaudited financial results for the third quarter ended December 31, 2013.Operating revenue increased by 26% to Rs119.86crore (Y-o-Y) from Rs95.19crore Operating EBIDTA increased by 40% to Rs33.35crore (Y-o-Y) from Rs23.75crore.

·        Ajanta Pharma Q3 net profit climbs 92%

Ajanta Pharma posted 91.64% rise in its net profit at Rs 62.42 crore for the third quarter ended December 31, 2013. Net sales of the company rose to Rs 292.59 crore for the third quarter.