6:00 PM Mumbai 3M India net declined and sales rose. Dabur profit jumped 25% as sales climbed 13%. Hero Motocorp reported net declined for fourth quarter in a row as sales dropped. TCS agreed to acquire France based Alti S.A. for 75 million. YES Bank tumbled after net surged 38%.
The Sensex Index declined 211.45 or 1% to close at 20,090.68 The CNX Nifty dropped 87.30 or 1.4% to close at 5,990.50.
Gainers & Losers
3M India Limited
rose 0.7% to Rs 3,441 after net profit in the first quarter declined 24.7% to Rs 12.59 crore and sales rose 2.9% to Rs 413.46 crore.
The Andhra Pradesh Paper Mills Limited
slipped 1.8% to Rs 275.85 after the company reported net swung to a Rs 8.13 crore profit compared to net loss of Rs 15.81 crore and net sales soared 37.4% to Rs 256.32 crore.
Dabur India Limited
climbed 2.4% to Rs 174.95 after consolidated net profit in the first quarter jumped 25% to Rs 187.04 crore and revenues climbed 13% to Rs 1,651.10 crore from Rs 1,461.97 crore a year ago.
Consumer care business increased 14.3% of revenue to Rs 1,343.15 crore and food business revenue climbed 18.2% to Rs 249.96 crore. Retail business surged 27.1% of revenue to Rs 16.86 crore. Domestic Consumer goods business grew 13.2%.
Greenply Industries Limited
fell 1.2% to Rs 492 after net profit in the first quarter jumped 25.6% to Rs 22.57 crore and sales increased 11.6% to Rs 480.50 crore.
Hero Motocorp Ltd
slid 1.5% to Rs 1,757.75 after net profit in the first quarter declined 7% to Rs 549 crore and net sales fell to Rs 6,127 crore from Rs 6,247 crore.
Kirloskar Pneumatic Company Limited
declined 3% to Rs 423.90 after net profit dropped 18.3% to Rs 11.79 crore and sales slumped 19% to Rs 120.08 crore.
KPIT Cummins Infosystems Limited
slid 1.3% to Rs 132 after consolidated net profit in the first quarter climbed 17.5% to Rs 60.13 crore and revenue increased 7.6% to Rs 613.21 crore.
Somany Ceramics Limited
plunged 7.6% to Rs 76 after net profit in the first quarter climbed 10.4% to Rs 5.82 crore and net sales surged 36 to Rs 257.97 crore.
Tata Consultancy Services Limited
gained 1.1.9% to Rs 1,782.60 after the company agreed to acquire France based Alti S.A. for 75 million or approx Rs590 crore all in cash transaction.
Altis 2012 revenues was 126 million and one of the top five SAP system vendor in France.
United Phosphorus Limited
slipped 1.2% to Rs 142.50 after consolidated net profit in the first quarter increased 4.8% to Rs 212.65 crore and total revenue climbed 10.3% to Rs 2,482.26 crore.
YES Bank, Ltd
plummeted 12.6% to Rs 383.35 after net profit in the first quarter surged 38.2% to Rs 400.84 crore and total income soared 30.6% to Rs 2839.97 crore.