Wednesday, 13 August 2014
·
Tata Steel Q1 profit plunges 70%
on provision, higher tax
Tata Steel
has reported a 70.4 percent decline in consolidated net profit at Rs 337.3
crore for the April-June quarter, impacted by provision for impairment of
non-current assets, higher tax expenses and interest cost. Profit in the
year-ago period was Rs 1,139 crore.
·
Crompton Greaves sells Kanjurmarg
land to Runwal Group
Crompton Greaves has
sold its Kanjurmarg land parcel to Runwal Group for Rs1,015 crore. The 34-acre
land parcel has been on the block for a while now. The deal pegs per acre land
value at Rs 30 crore. Crompton Greaves has been looking for funds as its debt
stands at Rs2,200-2,500 crore.
·
Siemens posts Q3 profit at Rs 13
cr, revenue falls 10%
Siemens has
reported the third quarter (April-June) net profit at Rs 13 crore on lower
revenue and weak operational performance. It had posted a loss of Rs 48.8 crore
in the year-ago period.
·
Hindustan Copper Q1 net profit
down by 29% (YoY)
Hindustan
Copper has announced the results for the quarter ended June 30, 2014. Net
profit of the company slipped by 28.91% to Rs13.20 crore Vs Rs18.57 crore YoY.
Total Income increased by 28.15% to Rs314.94 crore Vs Rs245.75 crore YoY.
