For the first time since initial public offering (IPO), Talwalkars has become net cash flow positive. During the quarter gone by, it also managed to pare down its deby by 7-8 percent and .
Kamal Baheti, CFO, Mcleod Russel expects profitability to be substantially better in FY14 because of recovery in crops compared to last year and also due to stability in costs.
Rural Electrification Corporation has seen a bottomline growth of about 25% in the quarter with income jumping 23% to Rs 2306 crore. HD Khunteta, director-finance, tells CNBC-TV18 that the company had sanctioned Rs 65000 crore in the previous year. He expects this figure to go up 25% in the current fiscal.