TOP CORPORATE NEWS
· 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.
· 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.