TOP CORPORATE NEWS

Hexaware Q1 misses forecast, profit falls 32% to Rs 70.3 cr

Hexaware Technologies missed expectations on every parameter with the first quarter (January-March) net profit falling 32 percent sequentially to Rs 70.3 crore on lower revenues and operational performance.

Sesa Sterlite Q4 net rises 13% to Rs 1622 cr, margin dips

Sesa Sterlite has reported net profit at Rs 1,621.6 crore in the quarter ended March 2014, a growth of 13.2 percent compared to previous quarter on higher revenues & other income and partly impacted by exceptional loss & slow growth in operational performance.

Dabur Q4 meets estimates, net up 17% to Rs 235 cr

Dabur India  fourth quarter (January-March) net profit rising 17.3 percent year-on-year to Rs 235.3 crore on revenues of Rs 1,774.4 crore (up 15.5 percent Y-o-Y). Operating profit grew 15.2 percent on yearly basis to Rs 295 crore and margin was unchanged at 16.7 percent in the quarter ended March 2014 while total expenses jumped 15.7 percent to Rs 1,505.31 crore during the same period.

Jindal Steel and Power tanks on weak Q4 earnings

Jindal Steel and Power has tanked more than 9% after reporting a sharp 47% year-on-year drop in consolidated net profit at Rs 403 crore for the quarter ended March 31, 2014. The fall has been due to additional load of Rs 260 crore from combined impact of depreciation and interest.