The board of Coal India approved rationalisation of coal prices with effect from today, 28 May 2013. Due to the price rationalisation, the company will get an additional annual revenue benefit of Rs 2511.58 crore, Coal India Ltd said in a filing to the BSE. It added that for the current fiscal year ending March 2014, the additional revenue gain would be Rs 2119.36 crore.
Meanwhile, Coal India's consolidated net profit rose 34.9% to Rs 5413.91 crore on 2.5% increase in net sales to Rs 19904.57 crore in Q4 March 2013 over Q4 March 2011.
State Bank of India (SBI) turns ex-dividend today, 28 May 2013, for dividend of Rs 41.50 per share for the financial year ended 31 March 2013 (FY 2013).
Thomas Cook (India) turns ex-dividend today, 28 May 2013, for final dividend of 38 paise per share for the year ended 31 December 2012.
Sun Pharmaceutical Industries, GAIL (India), Hindalco Industries, HPCL, Neyveli Lignite Corporation, Power Grid Corporation of India, Rural Electrification Corporation and Colgate Palmolive (India) unveil their Q4 results today, 28 May 2013.
On a consolidated basis, Tata Chemicals reported a net loss of Rs 188.03 crore in Q4 March 2013 compared with a net profit of Rs 138.51 crore in Q4 March 2012. Net sales fell 1.1% to Rs 3361.77 crore in Q4 March 2013 over Q4 March 2012.
Commenting on the Company's Q4 March 2013 performance, Mr. R Mukundan, Managing Director said: "Overall for the year the domestic chemicals and consumer business registered a 36% of EBIT growth whereas fertilizer's had a 20% fall in EBIT. Overall the company registered a growth of 15% in EBIT across segments. With continued softness in fertilizer segment, we expect a muted performance even though there is a positive tail wind from expectations of a normal monsoon as announced by the weather bureau. On consolidated basis, results were impacted due to impairment charge of Rs. 484 crore, which led to a 52% fall in consolidated annual profit. We expect times to be challenging both domestically and internationally and this coupled with liquidity crunch due to delayed payment of subsidy continues to drag the company's performance. On strategic front, we continue to focus on specialty and consumer business and the implementation of the Nutraceuticals plant in Chennai is on schedule."
Net profit of Jindal Saw declined 27.46% to Rs 37.08 crore in the quarter ended March 2013 as against Rs 51.12 crore during the previous quarter ended March 2012. Sales declined 35.50% to Rs 979.04 crore in the quarter ended March 2013 as against Rs 1518.00 crore during the previous quarter ended March 2012.
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Fresenius Kabi Oncology reported net loss of Rs 7.76 crore in the quarter ended March 2013 as against net profit of Rs 1.68 crore during the previous quarter ended March 2012. Sales declined 32.64% to Rs 70.54 crore in the quarter ended March 2013 as against Rs 104.72 crore during the previous quarter ended March 2012.
Net profit of Raj Television Network declined 88.60% to Rs 0.53 crore in the quarter ended March 2013 as against Rs 4.65 crore during the previous quarter ended March 2012. Sales rose 9.74% to Rs 17.47 crore in the quarter ended March 2013 as against Rs 15.92 crore during the previous quarter ended March 2012.
Net profit of T.V. Today Network declined 13.23% to Rs 6.36 crore in the quarter ended March 2013 as against Rs 7.33 crore during the previous quarter ended March 2012. Sales declined 4.69% to Rs 84.22 crore in the quarter ended March 2013 as against Rs 88.36 crore during the previous quarter ended March 2012.
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