TOP CORPORATE NEWS 14 August 2014

• Hindalco Q1 profit drops 31% on high fuel, finance cost

Hindalco Industries missed street expectations with the first quarter net profit falling 30.9 percent year-on-year to Rs 327.5 crore dented by higher power and fuel, finance, and raw material costs. Profit in the corresponding quarter of last fiscal was Rs 474.1 crore.

• Voltas jumps after strong Q1 results

Voltas surged 7.58% after consolidated net profit jumped 165.85% to Rs 109 crore on 9.36% growth in sales to Rs 1752 crore in Q1 June 2014 over Q1 June 2013.

• PFC Q1 net profit up 21% YoY

PFC has announced the results for the quarter ended June 30, 2014 net profit of the company rose by 20.86% to Rs 1448.26 crore Vs Rs 1198.24 crore YoY. Total Income increased by 18.07% to Rs 5923.90 crore Vs Rs 5017.10 crore YoY.

• United Breweries Q1 net profit up 6.51% YoY

United Breweries has announced the results for the quarter ended June 30, 2014 net profit of the company rose by 6.51% to Rs 128.84 crore Vs Rs 120.96 crore YoY. Total Income increased by 7% to Rs 1456.94 crore Vs Rs 1361.56 crore YoY.

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