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Britannia Industries Q1 net profit falls to Rs32.8 crore

Biscuit maker Britannia Industries Ltd said its first quarter net profit fell to Rs32.8 crore from Rs47.6 crore a year ago, despite robust revenues.

During the quarter to end-June, the biscuit maker's net sales increased to Rs912.8 crore from Rs731.2 crore in the same quarter last year.

On Monday, Britannia Industries shares fell 6.6% to Rs2,120 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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Areva T&D India wins contract worth Rs110 crore from Power Grid Corp

Areva T&D India Ltd said it won a contract worth Rs110 crore from Power Grid Corp of India Ltd (PGCIL) for 765 kV extra high voltage substation.

The order is for one of the critical substations in the eastern grid of the country and will be delivered at Sasaram in Bihar, it said in a regulatory filing.

On Monday, Areva shares ended 2% up at Rs295 on the Bombay Stock Exchange, while the Sensex closed 0.7% up at 18,278 points.

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