· Hindustan Construction Company (HCC) reported a standalone net profit of Rs 5.39 crore in the December quarter as against a net loss of Rs 38.51 crore in the corresponding quarter of the previous financial year. Net sales, however, declined 14.7% to Rs 870.37 crore from Rs 1,020.75 crore. The company had an order backlog of Rs 13,388 crore in December, including Rs 2,040 crore of contracts bagged in the last quarter.
· Siemens Ltd posted a modest 2.3% growth in net profit for quarter ending December at Rs 65.1 crore. Order growth was flat and sales was down 4% in the period.
· Hero MotoCorp has reported a net profit of Rs 524 crore for the third quarter , up 7% compared with Rs 487 crore YoY. Net income from operations also rose three per cent to Rs 6,376 crore during the quarter against Rs 6,187 crore during the October-December quarter in 2012. The company sold 16.61 lakh units of two-wheelers during the last quarter compared with 15.73 lakh units in the same quarter of the previous year
· Ashok Leyland launched two new Light Commercial Vehicles (LCVs) - PARTNER truck and MiTR, a LCV bus. The two products are expected to take on Tata and Eicher products in their respective segments. To strengthen the LCV portfolio further, it is planning to launch 3-4 variants of the current LCV products in the coming months. Localisation of these products are 97% and will be manufactured at Nissan and Ashok Leyland factories at Oragadam and Hosur respectively.
· Bank of India's (BoI) net profit declined 27.08% to Rs 585.82 crore on 21.27% growth in total income to Rs 10866.29 crore in Q3 December 2013 over Q3 December 2012. BoI's ratio of gross NPAs to gross advances stood at 2.81% as on 31 December 2013. The ratio of net NPAs to net advances stood at 1.75% as on 31 December 2013. BoI's provisions and contingencies jumped 53.28% to Rs 1403.74 crore .
