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TOP CORPORATE NEWS – 19 MAY 2017

top corporate news

SBI Q4 Net Profit at Rs2,814 Cr

SBI Q4 Net Profit at Rs2, 814 Cr

SBI Has Invoked S4A/SDR in 10 Accounts worth Rs 5,169.5 Cr as On March 31;

Slippages at Rs 9,755 Cr Vs Rs 10,357 Cr (QoQ)

Gross NPA Up 3.7% at Rs 1.12 Lk Cr Vs Rs 1.08 Lk Cr (QoQ);

Net NPA (GD) 5.1% at Rs 58,277 Cr Vs Rs 61,430 Cr (QoQ)

Gross NPA At 6.90% Vs 7.23% & Net NPA At 3.71% Vs 4.24% (QoQ)

Provisions at Rs 11,740 Cr Vs Rs 8,942.8 Cr (QoQ).

Tata Coffee YoY Cons Net Profit at Rs59.8 Cr Vs Rs27.9 Cr

Tata Coffee YoY Cons Net Profit at Rs59.8 Cr Vs Rs27.9 Cr

Revenue Up 0.2% At Rs 394.9 Cr Vs Rs 394.3 Cr

Cons EBITDA Up 44.6% At Rs 107 Cr Vs Rs 74 Cr

EBITDA Margin At 27.1% Vs 18.8%.

Pidilite Q4 Net Profit at Rs157.2 Cr

Pidilite Q4 Net Profit at Rs157.2 Cr

Revenue at Rs 1,404.3 Cr

EBITDA at Rs 257.8 Cr

EBITDA Margin At 19.9%

Pidilite Says Content with Progress In Industrial Business

Not Worried About Increasing Competition

Aim Is To Attain Historic Growth Rates Of Over 15%,

Lupin gets USFDA approval for Quetiapine Fumarate Tablets

Lupin gets USFDA approval for its Quetiapine Fumarate Extended-Release Tablets (gSeroquel XR) used to treat schizophrenia; acute manic or mixed episodes in bipolar I disorder.

The drug had US sales of $1.27 billion (IMS MAT March 2017).

MRPL plans to expand refining capacity by 10mmt to 25mmt

Managalore Refinery and Petrochemicals Ltd (MRPL) as per media reports plans to expand refining capacity by 10mmt to 25mmt at capex of Rs15000-18000 crore.

Engineers India Limited is working on the feasibility report for refining capacity expansion and final decision on investment is likely to be taken by Dec-2017/Jan-201– long term positive for MRPL.

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