TOP CORPORATE NEWS-14 NOV 2014

SBI Q2 net up at Rs 3100 cr, asset quality stable
SBI's asset quality, a factor which most analysts were looking out for, was stable with Q2 gross non-performing assets at 4.89 percent versus 4.9 percent quarter-on-quarter (Q-o-Q). Net NPA was at 2.73 percent versus 2.66 percent sequentially. the country's largest lender was expected to post Q2 net profit growth of 30 percent at Rs 3096 crore from Rs 2375 crore in the year-ago period. Analysts expected NIMs to grow 11 percent to Rs 13588 crore versus Rs 12251 crore year-on-year.

BHEL Q2 net slips 72% at Rs 125 cr; margins disappoint
The company's net sales stood at Rs 6,027 crore. (BHEL) July-September quarter net profit slipped 72 percent to Rs 125 crore against Rs 456 crore, in a year ago period.

DLF Q2 net profit up by 9 percent at Rs 109 cr
India's largest realty firm DLF today reported a 9 percent increase in its consolidated net profit at Rs 109.06 crore for the second quarter of the current fiscal on account of higher sales. Its net profit stood at Rs 100.05 crore in the year-ago period.

Voltas surges on reporting 18% rise in Q2 consolidated net profit
Voltas is currently trading at Rs 266.40, up by 11.80 points or 4.63% from its previous closing of Rs 254.60 on the BSE. The scrip opened at Rs 257.00 and has touched a high and low of Rs. 268.05 and Rs. 255.35 respectively. So far 438523 shares were traded on the counter

United Spirits Q2 net loss Rs 27.8 cr, income up 8% YoY
the company said that overall volume sales for the quarter rose 5.8 percent to 29.7 million, and that the September quarter was traditionally a lean quarter operationally. Diageo-controlled United Spirits Friday reported a net loss of Rs 27.8 crore for the September quarter, against a net profit of Rs 94.3 crore in the year ago period.

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