TOP CORPORATE NEWS-13 FEB

TOP CORPORATE NEWS

·        Sun Pharma Q3 net jumps 74%, ups FY14

Sun Pharmaceutical Industries net profit shooting up 73.7 percent and revenue growing 50.5 percent during October-December quarter, driven by strong growth in US business and Taro's performance Year-on-year net profit increased to Rs 1,531 crore from Rs 881.3 crore and revenues rose to Rs 4,312 crore from Rs 2,865.5 crore.

·        Hindalco Q3 net falls 23% to Rs 334 cr on higher tax cost

Hindalco Industries reported a 23 percent decline in third quarter (October-December) consolidated net profit. The company attributed fall in profitability to higher effective tax rate for the quarter.

·        Apollo Tyres consolidated Dec '13 sales at Rs 3,559.32 crore

Apollo Tyres has consolidated sales turnover of Rs 3,559.32 crore and a net profit of Rs 338.01 crore for the quarter ended Dec '13. Other income for the quarter was Rs 49.62 crore. For the quarter ended Dec 2012 the consolidated sales turnover was Rs 3,217.35 crore and net profit was Rs 180.60 crore, and other income Rs 26.78 crore.

·        Eicher Motors consolidated Dec '13 sales at Rs 1,679.51 crore

Eicher Motors has reported a consolidated sales turnover of Rs 1,679.51 crore and a net profit of Rs 96.25 crore for the quarter ended Dec '13. Other income for the quarter was Rs 14.53 crore. For the quarter ended Dec 2012 the consolidated sales turnover was Rs 1,653.56 crore and net profit was Rs 72.72 crore, and other income Rs 27.13 crore.

·        Coal India consolidated Dec '13 sales at Rs 16,928.13 crore

Coal India has reported a consolidated sales turnover of Rs 16,928.13 crore and a net profit of Rs 3,894.09 crore for the quarter ended Dec '13. Other income for the quarter was Rs 2,182.61 crore.