TOP CORPORATE NEWS 7th MAY 2014

Lupin Q4 net jumps 36%, revenue up 20%
Lupin posted a 36 percent rise in net profit to Rs 553 crore in the fourth quarter ended March 2014 against Rs 408 crore a year earlier. Total revenue in the quarter grew 20 percent to Rs 3051 crore against Rs 2,537 crore due to growth in its formulation business.

Allahabad Bank dips post Q4 results
Allahabad Bank has plunged 8%, after the bank said its gross non-performing assets, as a percentage of total assets, increased to 5.73% in the March quarter from 5.47% at the end of December quarter.

Syndicate Bank Q4 net profit at Rs4093mn
Syndicate Bank posted a net profit of Rs. 4093mn for the quarter ended March 31, 2014 as compared to Rs. 5923.40 million for the quarter ended March 31, 2013.Total Income has increased from Rs. 47807.50 mn for the quarter ended March 31, 2013 to Rs. 53574.00 mn for the quarter ended March 31, 2014.

RIL cuts FY15 capex for KG-D6
RIL has reduced FY15 KG-D6 capex by 50% to 12.3 units as against FY14. The company plans to spend $400mn on KG-D6 in FY15. RIL has cut estimates due to regulatory uncertainty. The estimated KG-D6 production for FY15 was 17.4 units.


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