Friday, 8 August 2014
·
SBI surprises street, Q1 profit
rises 3% to Rs 3349 cr
State Bank
of India surprised street with the first quarter (April-June) net profit rising
3.3 percent year-on-year to Rs 3,349 crore on higher net interest income though
it was impacted by higher provisions, tax cost and lower other income. Net
profit in the year-ago period was Rs 3,241.08 crore. The growth in profitability
was for the first time in last six quarters.
·
M&M Q1 standalone profit beats
estimate
Mahindra and
Mahindra has reported a 4.3 percent growth in first quarter (April-June) profit
at Rs 896.4 crore compared to Rs 859.8 crore in same quarter last year driven
by operational performance.
·
Siemens bags orders from Reliance
Industries for supply of steam turbines
Siemens announced that
it has received orders for approximately Rs 228 crores from Reliance Industries
Ltd for supply of four 600 Steam Turbogenerator units for its Jamnagar
Refinery.
·
Chambal Fertilisers Q1 PAT
declines 28% to Rs 80.8 cr
Chambal
Fertilisers and Chemicals Q1FY15 (April-June) net profit declined 28.5 percent
to Rs 80.8 crore from Rs 113 crore in a year ago period. Net sales of the
company were up 18 percent at Rs 1,994 crore versus Rs 1,687 crore, Y-o-Y.
