Monday, November 12, 2012

CORPORATE NEWS 12-11-2012

Corporate News
State Bank of India reported a 30 per cent increase in net profit at Rs 3,658 crore in the July-September quarter as against Rs 2,810 crore in the year-ago period.
HDIL reported an over 5% decline in consolidated net profit at Rs 140.55 crore for the quarter ended September 30 due to lower sales.

Jindal Steel and Power has reported a marginal growth of 2.5% in consolidated net profit at Rs 897.28 crore for the quarter ended September 30, largely due to subdued steel demand during the quarter.
GlaxoSmithKline Pharmaceuticals reported 4.44% rise in net profit at Rs 152.34 crore for the quarter ended Sep-tember 30, 2012 on the back of robust sales.
CESC has reported a net profit of Rs 136 crore for the quarter ending September 2012, up by around 19% against the Rs 114 crore recorded in the corresponding quarter last fiscal.
Shipping Corporation of India has registered a second quarter net profit primarily on account of an extraordinary realisation.

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