Wednesday, August 31, 2011

Gold surges as decline spurs demand by investors

Gold today gained after its drop from a record spurred some investors to buy the metal as a protection of wealth amid concern economic growth is slowing.

Gold gained USD 39.20, or 2.20% to USD 1,831 an ounce on the Comex. It touched an all-time high of USD 1,917.90 on August 23. Silver also climbed 1.7% to USD 41.285 an ounce.

Demand in India, the biggest user, may surge 25% during the festival season this year as buyers expect prices to extend a record rally on demand for a protection of wealth, market experts said.

Bullion fell for the first time in three days yesterday as equities rallied after a report showed US personal spending rose more than forecast in July.

Gold futures plunged as much as 11 per cent from their record last week, prompting CME Group to raise margins on futures contracts. European confidence in the economic outlook in August plunged the most since December 2008, the European Commission in Brussels said today.


Source: www.moneycontrol.com


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Gaurav Agarwal

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DENIP Consultants Pvt Ltd

DLF again found guilty of abusing power, no fine this time

A fortnight ago, the Competition Commission of India (CCI) had charged a fine of Rs 630 crore on infrastructure major DLF for abusing its dominant position in the market. This was to do with a high end residential project Belaire in Gurgaon. CNBC-TV18’s Malvika Jain reports that the CCI today has found DLF guilty of the same charges for two other projects, New Town Heights and Park Place located in Gurgaon.

However, the CCI has imposed no additional penalty on the company for these projects as they feel that a Rs 630 crore of penalty is already a substantial amount. In the case of Belaire, the penalty was decided at 7% of the average revenues over last three years.

What DLF has been directed to do is to modify its terms of condition as regards to these projects within the timeframe of two months, which is described under the act.

The fact that terms and conditions need to be modified is a victory for the consumers. But, it’s still very early to celebrate because DLF is likely to move the appellate tribunal against this order.


Source: www.moneycontrol.com


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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

RIL completes $7.2 bn deal with BP

Reliance Industries (RIL) today announced completion of its 30% stake sale in 21 oil and gas blocks, including the showcase KG-D6 block , to British energy giant BP Plc for over USD 7 billion.

Industrialist Mukesh Ambani-led Reliance Industries said in a statement that the completion of the deal has paved the way for commencement of its strategic alliance in India with BP.

"This significant step will commence the planned alliance which will operate across the gas value chain in India, from exploration and production to distribution and marketing.

Reliance Industries overtakes ONGC as most-valued company
"The completion of the deal delivers one of the largest ever foreign direct investments into India," RIL said.

RIL will get USD 7.2 billion for the stake sale in 21 blocks and could get further USD 1.2 billion as performance payments based on exploration success resulting into development of commercial deliveries.

Commenting on the completion of the deal, RIL Chairman and MD Mukesh Ambani said: "The alliance with BP will boost our efforts to realise the true potential of India's hydrocarbon reserves."

"The globally renowned expertise of BP and the in-depth domestic experience of Reliance make for a formidable alliance which will deliver unparalleled value for the country in its pursuit of energy security," he added.

RIL said that the two companies would also form a 50-50 joint venture for sourcing and marketing of gas in India which will also accelerate the creation of infrastructure for receiving, transporting and marketing natural gas.

BP Group CEO Bob Dudley said: "This major investment is directly aligned with our strategy of creating long-term value by forming alliances with strong national partners, gaining material positions in significant hydrocarbon basins and increasing our exposure to growing energy markets."

RIL is India's largest private sector company with a turnover of Rs 2,58,651 crore (USD 58 billion) and net profit of Rs 20,286 crore (USD 4.5 billion) in the last fiscal ended March 31, 2011.
It had on February 21 agreed to sell 30% stake in 23 out of its 29 oil and gas blocks to BP.
Earlier this month, the company said that it has received the government approval for sale of stake in 21 blocks.

However, the approval has been held back for two blocks -- one a deep sea area off the Orissa coast and the other an onland block in Assam -- over technical issues.

Regarding the two remaining blocks, valued at about USD 2.2 million, RIL said the discussions were continuing with the government and a decision was expected "at a later date".

RIL said the 21 blocks include the KG D6 block that produces about 1.7 billion cubic feet of gas per day, which was over 40% of India's total gas output.

RIL would remain operator of the Production Sharing Contracts (PSCs) and BP will bring its global deepwater, sub-surface and gas expertise to enhance exploration and development of the blocks.

The total value of the deal could rise to as much as USD 20 billion on the basis of future performance payments and investment and would give Reliance access to BP's expertise in deepwater drilling and accelerate development and production from its fields, particularly the KG-D6 block.

RIL might also use BP's deepwater expertise to tackle the technical issues in the KG-D6 block.
RIL is the operator in all 23 blocks, while Canadian firm Niko Resources and UK's Hardy Oil have minority 10% interest in a few. After the deal, RIL's holding in the blocks will come down to 60-70%. 19 out of the 23 blocks lie off the East Coast, while two blocks are in Assam and Gujarat.
Niko has 10% interest in the KG-D6 block and after the BP deal, RIL's stake would fall to 60%.
Besides KG-D6, RIL's second biggest discovery block is NEC-25, off the Orissa coast. It has so far made 15 exploratory successes in the block, where Niko holds a 10% stake. Following the BP deal, RIL's stake in this block will fall to 60%.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Govt approves 5% stake sale in BHEL

The government today approved disinvestment of 5% of its stake in power equipment maker BHEL , that could fetch it about Rs 4,320 crore.

"The government will disinvest 5% equity in the company, out of its share holding of 67.72% through book building process in the domestic market," an official release said.

Disinvestment of stake in power equipment major BHEL was approved by the Cabinet Committee on Economic Affairs (CCEA), which met here today.

Based on today's market capitalisation of Rs 86,532 crore at close on the Bombay Stock Exchange, five per cent stake in the company is worth over Rs 4,326 crore (nearly USD 1 billion).

A price discount of 5% would be given for retail investors, as part of efforts to encourage greater public ownership in Central Public Sector Enterprises, the statement said.

Ten per cent of the shares to be offered for sale through further public offer shall be reserved for the employees, which would also given a price discount of 5%.

The company has a paid up equity capital of Rs 489.52 crore.


Source: www.moneycontrol.com


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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Fiscal deficit surges in Apr-Jul to Rs2.2 lac cr

The central government's fiscal deficit surged more than two-fold to Rs 2.2 lakh crore during the first four months of the current fiscal, on account of low revenue realisation and higher expenditure.

The deficit was Rs 90,915 crore in April-July period of 2010.

Fiscal deficit, the gap between overall expenditure and receipts, in the first four months of the financial year is almost 55% of the Budget estimate of Rs 4.12 lakh crore for 2011-12, as per the latest data of the Controller General of Accounts (CGA).

The rise in Centre's fiscal deficit is on account lower tax mobilisation compared to the same period last fiscal.

The revenue receipt stood at Rs 1,37,155 crore during the period against the Budget Estimate (BE) of Rs 7,89,892 crore for the entire fiscal. This is just 17.4 per cent of the BE.

At the same time, the non-tax revenue collection has declined sharply to 18.4% compared to 84.9% in the same period a year ago.

The non-tax revenue stood at Rs 23,077 crore as against the Budget Estimate of 1,25,435 crore. Besides, the government has mobilised just Rs 1,145 crore from disinvestment, although the target of the entire fiscal is Rs 40,000 crore. Disinvestment plan of the government has been hit due to uncertainty in the stock market fuelled by global economic slowdown.

Meanwhile, the revenue deficit, the difference between revenue earned and expenses, during April-July this year stood at Rs 1.94 lakh crore, which is almost four times more than the figure of Rs 50,075 crore in the first four months of 2010-11.

The latest number is 63.4% of the Budget Estimate of Rs 3.07 lakh crore.


Source: www.moneycontrol.com


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Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Shriram City Union Finance Limited - Listing


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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Monday, August 29, 2011

Net FII Purchases & Sales During the Week 22nd Aug to 26th Aug, 2011

Net FII Purchases & Sales During the Week 22nd Aug to 26th Aug, 2011

FII sales during the week:

22/08/2011: -1281.1
23/08/2011: -766.1
24/08/2011: -71.7
25/08/2011: -757.8
26/08/2011: -1494

FII were net seller of Rs 4370.70 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance During Week 22nd Aug to 26th Aug, 2011

Sectoral Performance During Week 22nd Aug to 26th Aug, 2011


MAJOR SECTORAL LOSERS:

FMCG: -0.20%
PHARMA: -0.30%
IT: -0.40%
CONSUMER DURABLE: -1.10%
PSU: -3.40%
REALTY: -4%
BANKING: -4.85%
METAL: -5.30%

MAJOR GAINERS IN NIFTY:

HERO MOTOCORP: 2.59%
M&M: 1%
INFOSYS: 0.88%

MAJOR LOSERS IN NIFTY:

R-CAP: -12.03%
R-COM: -10.86%
JP ASSOCIATES: -7.67%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 22nd Aug 2011 to 26th Aug 2011

Trend in Global Market during the Week 22nd Aug 2011 to 26th Aug 2011


DOW JONES: 4.30%
FTSE: 1.80%
CAC: 2.30%
DAX: 1%
BOVESPA: 1.70%
SINGAPORE: 0.50%
NIKKEI: 0.90%
HANG SENG: 0.90%
SHANGHAI: 2.20%
SENSEX: -1.80%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 29th Aug 2011 to 2nd Sept 2011

Important US Economic Data Releases for the Week 29th Aug 2011 to 2nd Sept 2011

Monday
Personal Income and Outlays
Pending Home Sales Index

Tuesday
Consumer Confidence
State Street Investor Confidence Index
FOMC Minutes

Wednesday
ADP Employment Report
Chicago PMI
Factory Orders
EIA Petroleum Status
Farm Prices

Thursday
Chain Store Sales
Motor Vehicle Sales
Jobless Claims
Productivity and Costs
Bloomberg Consumer Comfort Index
ISM Mfg Index
Construction Spending
EIA Natural Gas
Fed Balance Sheet
Money Supply

Friday
Employment Situation

Source: www.sharetipsinfo.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dividend Notice: ICICI Pru Balanced Fund, ICICI Pru Equity & Derivatives Fund - Volatility Advantage Plan and ICICI Pru FMP Series 45 - 3 years Plan

ICICI Prudential Balanced Fund, ICICI Prudential Equity & Derivatives Fund - Volatility Advantage Plan and ICICI Prudential Fixed Maturity Plan Series 45 -3 Years Plan declares dividend.

Record date for declaration of dividend is September 02, 2011.


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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

US stock market indices to debut on Indian bourses

The US stock market is virtually coming to the doors of Indian investors, as they will be able to trade in the two top indices of the American bourses right here in Dalal Street from tomorrow.

The Dow Jones Industrial Average (DJIA) and the S&P 500 -- the two of the most followed indices of the US stock -- would start trading from tomorrow on the National Stock Exchange (NSE), India's biggest bourse.

The move would allow investors to take positions on trends thousands of miles away in the US market on Dalal Street, the commonly used term for the Indian stock market by virtue of being its traditional address.

The S&P 500 is an index of the 500 leading companies of the US economy, while the DJIA comprises of the 30-most liquid blue-chip companies based in the United States.

This is the first time that derivative contracts on global indices are being launched in India. This is also the first time in the world that futures contracts on the S&P 500 index are being introduced and listed on an exchange outside of their home country, the US.

In order to encourage active participation in trading of these indices, the NSE has decided that it will not levy any transaction charges on trades done till February 29, 2012.

Trading would begin tomorrow in futures contracts on both the indices and options contracts on the S&P 500 index.

The contracts would be rupee-denominated and would be traded during Indian market hours.

The NSE has said that all the member brokers of its equity derivatives segment would be able to trade in this product for themselves and their clients.

"Derivative contracts on these global indices will provide Indian investors easy access to US markets in Indian market hours, without taking any currency risk," NSE Managing Director and Chief Executive Ravi Narain said.

The new products would help the Indian investors in portfolio diversification and hedging of risks.

The movements in these indices might not be affected by the economic and market trends in India and therefore, these indices can help the investors reap some benefits even in times of losses in Indian markets, provided there are favourable trends in the US markets, market experts said.

Besides, Indian investors can now take positions based on expected newsflow in the US market.

In late June, NSE had got market regulator Sebi's approval to launch derivative contracts on these two US indices. Sebi had released the regulatory framework for such products in January.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Friday, August 26, 2011

Gold rises more than 1.5%; physical buying up

India gold extended gains, picking up from a 2-week low, helped by firm overseas markets and a weak rupee at home that made the dollar-quoted yellow metal expensive, dealers said on Friday.

* The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 1.30 percent higher at 26,718 rupees per 10 grams at 1:52 p.m., recovering from its 2-week low of 25,512 rupees hit on Wednesday, a level last seen on Aug. 12.

* Overseas gold prices rose 1 percent, recovering some of this week's hefty losses ahead of a key speech from Federal Reserve chair Ben Bernanke later in Jackson Hole, which will be closely watched for signs as to future U.S. monetary policy.

* The rupee plays an important role in determining the landed cost of the yellow metal, which is quoted in dollars.

* Demand edged up as traders re-stocked to meet festival and wedding demand.

* "There is demand as traders are expecting that prices will still go up," said a dealer with a state-run bullion importing bank.

* Festival season in India, the world's largest consumer of yellow metal, has started and will peak with October before tapering off in December.

Source: www.economictimes.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ONGC overtakes Reliance Industries as most-valued firm

State-run ONGC today toppled billionaire Mukesh Ambani-led Reliance Industries as the country's most valued company today, as a regular game of musical chairs for the top slot continued in the stock market.

With a market valuation of Rs 2,37,842 crore, slightly higher than RIL's Rs 2,35,571 crore, the PSU energy major reclaimed the top position from the private sector corporate giant after a gap of nearly four and half years.

However, ONGC's lead over RIL is barely about 1 per cent (about Rs 2,200 crore) and their performances would be keenly watched when stock market resumes trading next week.

RIL had first toppled ONGC to become the country's most-valued firm way back in late 2006, but the state-run energy giant later reclaimed the top position, albeit only for a few brief period. RIL has managed to stay on the top since February 2007, except for past few days.

A situation similar to game of musical chairs is evident in the stock market for past few days when there have been many twists and turns in the top positions of the country's most valued firms.

Earlier on August 17, state-run Coal India Ltd (CIL) dethroned RIL as the top-valued firm, ending the private sector energy's giant over four-year reign at the top.

Two days later on August 19, RIL briefly slipped to the third position after CIL and ONGC but returned to the second slot at the time of the market closing.

However, CIL's top position proved to be short-lived as RIL reclaimed this position within six days on August 23.

A day later on August 24, CIL lost further ground and slipped to the third position after RIL and ONGC.

Source: www.economictimes.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Wednesday, August 24, 2011

Basis of Allotment of Tree House Education & Accessories Ltd

Basis of Allotment of Tree House Education & Accessories Ltd





Note: To get a larger view please click on the image.

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Monday, August 22, 2011

Weekly Market Update from 12th Aug 2011 to 19th Aug 2011

Weekly Market Update from 12th Aug 2011 to 19th Aug 2011






Source: www.iseindia.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Net FII Purchases & Sales During the Week 15th Aug to 19th Aug, 2011

Net FII Purchases & Sales During the Week 15th Aug to 19th Aug, 2011

FII sales during the week:

16/08/2011: -404.5
17/08/2011: -210.2
18/08/2011: -407.6

FII were net seller of Rs 1022.30 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance During Week 15th Aug to 19th Aug, 2011

Sectoral Performance During Week 15th Aug to 19th Aug, 2011


MAJOR SECTORAL LOSERS:

FMCG: -0.20%
OIL & GAS: -3.10%
PHARMA: -3.50%
PSU: -4%
AUTO: -4.10%
IT: -5.30%
REALTY: -7.40%
BANKING: -7.50%


MAJOR GAINERS IN NIFTY:

DLF: 2.47%
JP ASSOCIATES: 2.05%
HERO MOTOCORP: 2.05%


MAJOR LOSERS IN NIFTY:

INFOSYS: -5.50%
TATA MOTORS: -5.28%
L&T: -5.05%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 15th Aug 2011 to 19th Aug 2011

Trend in Global Market during the Week 15th Aug 2011 to 19th Aug 2011

DOW JONES: -4%
FTSE: -5.20%
CAC: -6.10%
DAX: -8.60%
BOVESPA: -1.90%
SINGAPORE: -4.10%
HANG SENG: -1.10%
SHANGHAI: -1.30%
SENSEX: -4.10%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 22nd Aug 2011 to 26th Aug 2011

Important US Economic Data Releases for the Week 22nd Aug 2011 to 26th Aug 2011


Monday
Chicago Fed National Activity Index

Tuesday
New Home Sales

Wednesday
Durable Goods Orders
FHFA House Price Index
EIA Petroleum Status Report

Thursday
Jobless Claims
Bloomberg Consumer Comfort Index
EIA Natural Gas Report

Friday
GDP
Corporate Profit
Consumer Sentiment
Ben Bernanke Speaks


Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Wednesday, August 17, 2011

Aanjaneya Lifecare Q1 PAT up 58% to Rs 11.28 cr

Aanjaneya Lifecare has announced its first quarter results. The company’s Profit After Tax (PAT) rose by 58% to Rs 11.28 crore from Rs 7.15 crore for the same period of previous year.

Total Sales surged by 33% to Rs 100.24 crore from Rs 75.3 crore during the same period last year.

EBIDTA increased by 79 % to Rs 22.22 crore from Rs 12.43 crore for the previous year.


Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Vishal Retail Q1 net loss at Rs 4.8 cr

Vishal Retail has declared its first quarter results. The company's Q1 net loss at Rs 4.8 crore versus loss of Rs 19.5 crore.

Its net sales were down at Rs 1.7 crore versus Rs 335 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Amara Raja Q1 net up 9.24% at Rs 3.90cr

Amara Raja Batteries today posted 9.24% increase in net profit to Rs 3.90 crore for the quarter ended June 30, as against the same period last fiscal.

The industrial and automotive battery maker had posted a net profit of Rs 3.57 crore in the first quarter last fiscal, Amara Raja Batteries said in a statement.

For Q1, 2011-12, the firm posted a 18.11% rise in revenues to Rs 52.49 crore, from Rs 44.44 crore recorded in the year-ago period.

The company said the robust growth performance during the quarter was on the back of continued growth in battery sales to UPS segment.

"The export volumes grew significantly during the quarter, aided through our partnership with Bharti Airtel for their foray into African markets," it added.

The company said its automotive battery business has registered a decent growth due to significant growth in aftermarket operations in the Orginal Equipment Manufacturer (OEM) segment.

While we are satisfied with the Q1 performance, we foresee an environment of uncertainty due to global and domestic macroeconomic conditions," Amara Raja Batteries Managing Director Jayadev Galla said.

He said the firm will closely monitor the volatility in commodity and currency to address the margin pressure in the near-term.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tuesday, August 16, 2011

Weekly Market Update from 8th Aug 2011 to 12th Aug 2011

Weekly Market Update from 8th Aug 2011 to 12th Aug 2011





Source: www.iseindia.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Net FII Purchases & Sales During the Week 8th Aug to 12th Aug, 2011

Net FII Purchases & Sales During the Week 8th Aug to 12th Aug, 2011

FII sales during the week:

8/8/2011: -1609.6
9/8/2011: -1109.7
10/8/2011: -1960.9

FII purchases during the week:

11/8/2011: 248.9
12/8/2011: 93.9

FII were net seller of Rs 4337.40 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance During Week 8th Aug to 12th Aug, 2011

Sectoral Performance During Week 8th Aug to 12th Aug, 2011

MAJOR SECTORAL GAINERS:

AUTO: 2.70%

MAJOR SECTORAL LOSERS:

CONSUMER DURABLE: -0.10%
FMCG: -0.10%
CAPITAL GOODS: -0.90%
PHARMA: -2.80%
REALTY: -4.30%
METAL: -5.80%
IT: -8.30%

MAJOR GAINERS IN NIFTY:

JSPL: 2.60%
GAIL: 1.95%
HERO MOTOCORP: 1.70%

MAJOR LOSERS IN NIFTY:

TATA MOTORS: -5.80%
R-CAP: -4.65%
HINDALCO: -4.50%


Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 8th Aug 2011 to 12th Aug 2011

Trend in Global Market during the Week 8th Aug 2011 to 12th Aug 2011

DOW JONES: -2.60%
FTSE: -1.60%
CAC: -5.80%
DAX: -7%
BOVESPA: 0.70%
SINGAPORE: -6.60%
NIKKEI: -3.40%
HANG SENG: -6.40%
SHANGHAI: -3.85%
SENSEX: -2.70%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 15th Aug 2011 to 19th Aug 2011

Important US Economic Data Releases for the Week 15th Aug 2011 to 19th Aug 2011


Monday
Housing Market Index

Tuesday
Housing Starts
Import and Export Prices
IIP

Wednesday
Producer Price Index
EIA Petroleum Status Report

Thursday
Consumer Price Index
Jobless Claims
Existing Home Sales
Leading Indicators
EIA Natural Gas Reports

Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Mr Yogen Shah cleared NCFM

We are pleased to announce that Mr Yogen Shah has cleared NCFM in capital markets with 60 percent. We wish him all the best in his future endeavors.

Thanks and Regards,
Denip Team

Key highlights for WPI Inflation data of July 2011

Key highlights for WPI Inflation data of July 2011:

  • The WPI inflation for July 2011 was placed at 9.22%, more or less in line with the consensus analyst estimate. The y-o-y inflation rate on Primary Articles, Fuel and Manufactured Products for July was placed at 11.3%, 12.0% and 7.5% respectively.
  • Under Primary Articles the biggest m-o-m increase was noted by the Fruits and Vegetables segment; while under Manufactured Products the biggest m-o-m rise was made by Wood & Wood Products segment.
  • The y-o-y core inflation for July inched up to 7.5% from 7.3% seen in June, on account of a slight uptick seen on the non-food manufactured index and also a negative base effect.
  • In terms of m-o-m growth of 0.65% in WPI for July, the biggest contribution was made by Fuel group at 0.4%; factoring the complete impact of the rise in administered prices announced in the last week of June 2011.
  • The y-o-y inflation for May 2011 was revised higher to 9.56% from earlier provisional estimate of 9.06%. The y-o-y Primary Articles inflation was revised sharply upwards (by more than 3%) for the second consecutive month in May 2011.
  • With the inflation reading for July having come below June levels and the pace of upward (final) revisions having eased (as seen for May), the concerns over imminent rate tightening at the upcoming review in September can be put to rest for the time being. But in case the reading on inflation for next month comes in higher than expected levels, the bias may again shift towards a possible increase in policy rates.
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cox & Kings Q1 cons net profit up 51% at Rs 38 cr

Cox & Kings has announced its first quarter results. The company’s Q1FY12 consolidated total income was up 28% at Rs 157 crore versus Rs 123 crore, year-on-year, YoY.

Its EBITDA was up 22% at Rs 72 crore versus Rs 59 crore.

Source: www.moneycontrol.com

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Head Dealer
DENIP Consultants Pvt Ltd

IVRCL Q1 net profit down 86% at Rs 4cr YoY

IVRCL has reported a fall of 86% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company declined to Rs 4 crore as against Rs 28.1 crore in the corresponding quarter last fiscal.

Net income went up just 1.45% to Rs 1,122 crore from Rs 1,106 crore year-on-year.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Reliance Comm Q1 net drops 37%, lags forecast

Reliance Communications reported a sharper-than-forecast 37% fall in quarterly profit, its eighth straight quarter of profit drop, as the country's No 2 mobile carrier by subscribers struggles with its bruising debt load.

Reliance Comm, controlled by billionaire Anil Ambani, said consolidated net profit fell to Rs 157 crore (USD 35 million) for its fiscal first quarter ended June, from Rs 250 crore reported a year earlier.

A Reuters poll of brokerages had on average expected net profit of Rs 200 crore for the Mumbai-based firm that had more than 143 million mobile subscribers at end-June.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Aditya Birla Nuvo Q1 net profit up 70% at Rs 253cr

Aditya Birla Nuvo Limited (ABNL), a USD 4 billion conglomerate, said it has reported robust earnings growth as net its profit surged by 70% to Rs 253 crore in Q1 FY 12 as against Rs 149 crore in the same period last year.

The company's revenue also grew by 24% from Rs 3,857 crore to Rs 4,767 crore.

"Aditya Birla Nuvo continued its profitable growth journey having strengthened market positioning and delivered robust growth across its businesses. We remain focused to capture opportunities across the businesses to achieve the next higher level of growth," Aditya Birla Nuvo's Managing Director, Rakesh Jain, said in a statement.

Aditya Birla Financial Services (ABFS) has strengthened its position as a significant non-bank financial services player, it said. During the quarter, ABFS posted consolidated revenue at Rs 1,330 crore, a growth of 4% over the previous year. Earnings before tax grew 2.5 times from Rs 78 crore to Rs 177 crore. Its combined Assets under Management (AUM) stood at Rs 92,259 crore (about USD 20.5 billion).

The closing book size of Aditya Birla Finance (ABFL), the NBFC arm, rose year-on-year by 77% to around Rs 1,975 crore. Revenue more than doubled to Rs 60 crore in line with growth in book size. Earnings before tax at Rs 10 crore remained flat due to increase in the cost of funds, it said.

Source: www.moneycontrol.com

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GTL Infra Q1 net loss at Rs 83.9 cr

GTL Infra has reported a net loss of Rs 83.9 crore in the first quarter of FY12 as against loss of Rs 19.3 crore in the correspnding quarter last fiscal.

Income from operations increased to Rs 140 crore from Rs 110 crore year-on-year.

Source: www.moneycontrol.com

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Reliance Capital Q1 consol net profit down at Rs 34.8 cr

Reliance Capital has reported a consolidated net profit of Rs 34.8 crore in the first quarter of FY12 as against Rs 77 crore in the corresponding quarter last fiscal.

Consolidated income from operations increased to Rs 1,468 crore from Rs 1,178 crore year-on-year.

Source: www.moneycontrol.com

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SCI Q1 net loss at Rs 5.9 cr

SCI has reported a net loss of Rs 5.9 crore in the first quarter of FY12 as against profit of Rs 191 crore in the corresponding quarter last fiscal.

Net sales increased to Rs 929 crore versus Rs 906 crore year-on-year.

Source: www.moneycontrol.com

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SBI Q1 net down 46% at Rs 1,583 cr on rise in provisions

State Bank of India’s (SBI) first quarter net profit fell 45.7% year-on-year to Rs 1,584 crore, driven by increase in provisions. This profit was below market expectations. A CNBC-TV18 poll showed net profit at Rs 1,956 crore.However, net interest income or NII rose nearly 33% to Rs 9,699 crore, which was better than estimates. The poll showed NII at Rs 8,529 crore.

Total provisions shot up nearly three-fold or 168% Y-o-Y to Rs 4,157 crore of which provisions for non-performing assets accounted for Rs 2,782 crore compared with Rs 1,733 crore a year back.

In April this year, the Reserve Bank of India increased provisioning norms from 10% to 15% on sub-standard assets while restructured assets too have to be provided at 2% as against 0.25-1% earlier. When a loan account stops repayment for 60 days, it is called sub-standard asset.

India’s largest lender apparently maintained its asset quality at net level. Its net non-performing assets or NPAs improved slightly from 1.63% in the March quarter to 1.61% in the June quarter. However, gross NPAs increased by 24 basis points to 3.52% quarter-on-quarter.

During the quarter, the bank’s capital adequacy ratio stood at 11.6%. Other income fell marginally by 4% Y-o-Y to Rs 3,534 crore.

Provisioning coverage ratio stood at 67.25%. The bank has made an additional provisioning of Rs 550 crore against the shortfall in the countercyclical provisioning buffer, to be covered by September 30, 2011.

As mandated by RBI, profit-making banks are supposed to set aside provisions under the head of countercyclical buffer to achieve a provisioning coverage ratio of 70%. The measure is aimed at protecting a bank's financials at the time of higher loan defaults due to global economic turmoil.

Source: www.moneycontrol.com

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Emami Q1 cons net up 18% to Rs 41.50 crore

FMCG company Emami’s first quarter consolidated net profit rose 18% year-on-year to Rs 41.50 crore as a higher other income and lower tax expense offset a surge in cost of raw materials.Emami’s consolidated income from operations in April-June was up 24% year-on-year to Rs 299.91 crore helped by strong sales growth in some of its brands like Navratna oil, Zandu Balm and Fair & Handsome cream.

During the three-month period, the company’s other income rose to Rs 3.11 crore from Rs 89 lakh and tax expense was lower at Rs 1.33 crore, compared with Rs 3.75 crore a year ago.

However, Emami’s profit from operations before other income, interest and exceptional items fell 1.2% in the first quarter to Rs 36.40 crore as input costs soared 60% from a year ago to Rs 91.68 crore.

Emami shares Friday closed down 3.9% at Rs 480 on NSE.

Source: www.moneycontrol.com

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Coal India Q1 PAT soars 64% to Rs 4143 cr

Coal India's FY12 first quarter profit soared 64% to Rs 4,143 crore. As it rode on higher coal prices, the company had raised prices in February by up to 30% for some industries to offset higher costs. During the period, sales grew 27% to Rs 14,500 crore.

Talking about the results, NC Jha Chairman of the company said, "If you look at our Q1 performance there has been 64% increase in PAT. So I don’t perceive any situation in which there is a need for increasing price right now. As and when we finalise our wages we will consider whether there is a need to increase the prices or absorb the same thorugh existing revenues."

On the demand growth, Jha stressed that till now there is no sign of downtrend. "The power sector which is the largest taker of coal still has about 17 power stations under critical stock position. Even though there is about 13mt coal stock at the power house end, there is no dearth of demand. The only issue is how much coal we are able to push to the consumers."

Source: www.moneycontrol.com

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JP Associates Q1 net profit down 79% at Rs 107 cr

Jaiprakash Associates has reported a fall of 79.3% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company declined to Rs 107 crore as against Rs 516 crore in the corresponding quarter last fiscal.

Net sales too slipped to Rs 3,142 crore from Rs 3,174 crore year-on-year.

Source: www.moneycontrol.com

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NALCO says Q1 net profit up 32% on year

National Aluminium Company Limited (NALCO) said first quarter net profit rose 32% to Rs 3.77 billion (USD 83 million) from Rs 2.84 billion in the year ago quarter.

NALCO which is India's third largest producer of aluminum, attributed the profit to enhanced volumes and better sales realization of alumina.

Quarterly sales rose to Rs 18.51 billion from Rs 13.88 billion in the corresponding quarter of the previous year, the company said in an email statement late on Friday.

Source: www.moneycontrol.com

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Friday, August 12, 2011

HMT Q1 net loss at Rs 22.5 cr

HMT has announced its first quarter results. The company's Q1 net loss at Rs 22.5 crore versus loss of Rs 20 crore, quarter-on-quarter, QoQ.

Its net sales were down at Rs 42.4 crore versus Rs 63.2 crore, QoQ

Source: www.moneycontrol.com

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Hindalco Q1 net profit up 21% at Rs 644 cr

Hindalco has announced its first quarter results. The company's Q1 net profit was up 21% at Rs 644 crore versus Rs 534 crore, year-on-year, YoY.

Its net sales were up 16% at Rs 6,031 crore, YoY.

Source: www.moneycontrol.com

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Unitech Q1 cons PAT down 45% at Rs 98.4 cr

Unitech has anounced its first quarter results. The company's Q1 consolidated net profit was down 45% at Rs 98.4 crore versus Rs 180 crore, year-on-year, YoY.

Its consolidated net sales were down 28% at Rs 595.9 crore versus Rs 828.6 crore, YoY.

Source: www.moneycontrol.com

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Bharati Shipyard Q1 net profit down at Rs 17.3 cr

Bharati Shipyard has announced its Q1 results. The company's Q1 net profit was down at Rs 17.3 crore versus Rs 22.1 crore, year-on-year, YoY.

Its net sales were up at Rs 363 crore versus Rs 333 crore, YoY.

Source: www.moneycontrol.com

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HPCL Q1 net loss at Rs 3,080.3 cr

HPCL has announced its first quarter results. The company's Q1 net loss was at Rs 3,080.3 crore versus loss of Rs 1,884.3 crore, year-on-year, YoY.

Its net sales were up at Rs 40,798 crore versus Rs 29,219.9 crore, YoY.

Source: www.moneycontrol.com

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HPCL Q1 net loss at Rs 3,080.3 cr

HPCL has announced its first quarter results. The company's Q1 net loss was at Rs 3,080.3 crore versus loss of Rs 1,884.3 crore, year-on-year, YoY.

Its net sales were up at Rs 40,798 crore versus Rs 29,219.9 crore, YoY.

Source: www.moneycontrol.com

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Ambuja Cements Q1 PAT up 2% at Rs 15 cr

Ambuja Cements has announced its first quarter results. The company's Q1FY12 total income was up 31% at Rs 370 crore versus Rs 283 crore.

Its PAT was up 2% at Rs 15 crore versus Rs 14.7 crore.

Its total expenditure was down 6% at Rs 247 crore versus Rs 263 crore.

Its EBITDA was up 3.6 times at Rs 131 crore versus Rs 28 crore.

Its EBITDA margin was up at 35% versus 10%.

Source: www.moneycontrol.com

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Tech Mahindra Q1 cons PAT up 201% at Rs 277 cr

Tech Mahindra has announced its first quarter results. The company's Q1 consolidated net profit was up 200.76% at Rs 277 crore versus Rs 92.1 crore, quarter-on-quarter, QoQ.

Its net profit includes Rs 96.04 crore (profit share from Satyam)

Its consolidated income from operations was up 2.25% at Rs 1,290 crore versus Rs 1,261.5 crore, QoQ.


Source: www.moneycontrol.com

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Jindal Saw Q1 PAT down at Rs 82.8 cr

Jindal Saw has announced its first quarter results. The company's Q1 net profit was down at Rs 82.8 crore versus Rs 149 crore, year-on-year, YoY, a 44% dip.

Its net sales were down at Rs 1,133 crore versus Rs 1,135 crore, YoY. Out of the total sales of Jindal Saw, 48% originated from India and the remaining 52% came from outside India.

The company had posted a net profit of Rs 148.8 crore in the April-June quarter in FY11, Jindal Saw said in a statement.

The total income of the pipe maker in the first quarter in the current fiscal also decreased from Rs 1,144.9 crore, over Rs 1,137 crore for the same period in 2010-11, it said.

The pipe maker as on April, 2011 has a order book of approximately USD 800 million, slated to be executed by March-end next year.

"The company has participated in various bids and likely to get orders in phases. The current order book includes export orders of approximately 65%. The major export orders are from Middle East, Gulf region and South East Asia, China and Far East," Jindal Saw said.

Talking about its new projects, the company said the operations from its greenfield facility in UAE in which it has a majority stake is expected to begin in the current fiscal.

Its ductile iron plant is also likely to commence its operations in 2011-12, it said.

JSL said it expects some pressure on its revenue and profitability in the short to medium term as volatility in prices and higher petroleum prices are likely to remain major issues. Therefore the company is working on cost control, improvement in operational efficiency among others.

Source: www.moneycontrol.com

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Elder Pharma Q1 cons PAT up at Rs 20.1 cr

Elder Pharma has announced its first quarter results. The company's Q1 consolidated net profit was up at Rs 20.1 crore versus Rs 16.7 crore, YoY.

Its consolidated net sales were up at Rs 299 crore versus Rs 194 crore, YoY.

Source: www.moneycontrol.com

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AIA Engg Q1 cons net profit down at Rs 39 cr

AIA Engineering has announced its first quarter results. The company's Q1 consolidated net profit was down at Rs 39 crore versus Rs 40 crore, YoY.

Its consolidated net sales were up at Rs 264 crore versus Rs 243 crore, YoY.

Source: www.moneycontrol.com

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Max India Q1 net loss at Rs 1.7 cr

Max India has announced its first quarter results. The company's Q1 net loss at Rs 1.7 crore versus loss of Rs 3 crore, year-on-year, YoY.

Its net sales were up at Rs 177 crore versus Rs 90 crore, YoY

Source: www.moneycontrol.com

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Century Textiles Q1 net profit down at Rs 24 cr

Century Textiles has announced its first quarter results. The company's Q1 net profit was down at Rs 24 crore versus Rs 100 crore.

Its net sales were up at Rs 1,282 crore versus Rs 1,226 crore.

Source: www.moneycontrol.com

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Mercator Lines Q1 net profit down at Rs 14.7 cr

Mercator Lines has announced its first quarter results. The company's Q1 net profit was down at Rs 14.7 crore versus Rs 62 crore.

Its net sales were at Rs 330 crore.

Source: www.moneycontrol.com

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Tata Steel Q1 net triples on Riversdale stake sale

Tata Steel beat street estimates by posting a multi-fold increase in its April-June quarter at Rs 5,346 crore, as against 1,825 crore Y-o-Y, boosted by gains from selling its stake in Riversdale Mining and a settlement won over a breach of contract at unit Teesside cast products.

Excluding a one-time gain of Rs 2,880 crore from the company's sale of its stake in Australian coal miner Riversdale to Rio Tinto , Tata Steel reported a profit of Rs 2,470 crore.

Consolidated revenues of the world’s seventh largest steel maker rose 21.4% at Rs 33,000 crore as against Rs 27,194 crore due to higher average realisations and volumes. Group deliveries of 6.1 million tonnes in Q1 FY’12 were 3.1% higher Y-o-Y.

However, EBITDA margin showed a dismal growth at 13.5% as against 16.3% Y-o-Y.

Tata Steel sold its entire stake in Australia’s Riversdale Mining to Rio Tinto Group for $1.1 billion, after doubling its value in less than four years. It also received $130 million as compensation from buyers that walked out of a 10-year contract at Teesside.

Shares in Tata Steel, valued at about $10 billion, have fallen nearly 29% so far in 2011, compared with a nearly 17%t fall in India's benchmark index.

Meanwhile, shares of the company declines 0.58% at Rs 482 on the Bombay Stock Exchange at 14.39 hours.

Input costs at the Mumbai-based company rose after it paid more for iron ore and coking coal for its European business. Tata Steel Europe, acquired in 2007, is completely dependent on outside sources for the steelmaking raw materials.

The company’s debt stood at Rs 40,824 crore as against Rs 46,627 crore Q-o-Q.

Source: www.moneycontrol.com

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STC India Q1 PAT down 67% at Rs 3 cr

State Trading Corporation India (STC India) has announced its first quarter results. The company's Q1FY12 total income was up 1.9 times at Rs 9359 crore versus Rs 3180 crore.

Its PAT was down 67% at Rs 3 crore versus Rs 9 crore.

The company's total expenditure was up 1.9 times at Rs 9323 crore versus Rs 3146 crore.

Its EBITDA was up 6% at Rs 37 crore versus Rs 35 crore.

Source: www.moneycontrol.com

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Gammon Infra has announced its first quarter results. The company's Q1FY12 consolidated net sales were up 31% at Rs 93 crore versus Rs 71 crore.

Its PAT was up 50% at Rs 3 crore versus Rs 2 crore.

Its total expendiute was up 16% at Rs 57 crore versus Rs 49 crore.

The company's EBITDA was up 41% at Rs 58 crore versus Rs 41 crore.

Its EBITDA margin was up at 62% versus 58%.

Source: www.moneycontrol.com

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Valecha Engineering Q1 PAT down 17% at Rs 5 cr

Valecha Engineering has announced its Q1FY12 results. The company's Q1 net sales were up 8% at Rs 190 crore versus Rs 176 crore.

Its PAT was down 17% at Rs 5 crore versus Rs 6 crore.

Its total expenditure was up 8% at Rs 178 crore versus Rs 165 crore.

The company's EBITDA was up 15% at Rs 15 crore versus Rs 13 crore.

Its EBITDA margin was up at 8% versus 7%.

Source: www.moneycontrol.com

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Bajaj Hind Q3 net profit at Rs 1.1 cr

Bajaj Hindusthan has declared its third quarter results. The company's Q3 net profit was at Rs 1.1 crore versus loss of Rs 15 crore.

Its net sales were up at Rs 1,051 crore versus Rs 715 crore.

Source: www.moneycontrol.com

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HDIL Q1 consol net profit down 12.5% at Rs 189 cr

Housing Development and Infrastructure (HDIL) has reported a fall of 12.5% (YoY) in profits for the first quarter of FY12. During the period, consolidated profit of the company declined to Rs 189 crore as against Rs 216 crore in the corresponding quarter last fiscal.

However, consolidated net sales went up 12.5% to Rs 512 crore from Rs 455 crore year-on-year.

Source: www.moneycontrol.com

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India Cements Q1 net profit up 308% at Rs 102 cr

India Cements has announced its first quarter results. The company's Q1 net profit was up 308% at Rs 102 crore versus 25 crore, year-on-year, YoY.

Its net sales were up 19.95% at Rs 1,056.8 crore versus Rs 881 crore. YoY.

Source: www.moneycontrol.com

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Inox Leisure Q1 PAT down 14% at Rs 3 cr

Inox Leisure has announced its first quarter results. The company's Q1FY12 net sales up 25% at Rs 100 crore versus Rs 80 crore.

Its PAT was down 14% at Rs 3 crore versus Rs 3.5 crore.

Its total expenditure was up 26% at Rs 92 crore versus Rs 73 crore.

The company's EBITDA was down 8% at Rs 12 crore versus Rs 13 crore.

Its EBITDA margin was down at 12% versus 16%.

Source: www.moneycontrol.com

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Dredging Corporation Q1 PAT down 81% at Rs 3 cr

Dredging Corporation India has announced its Q1FY12 results. The company's Q1 net sales were down 3% at Rs 108 crore versus Rs 111 crore.

Its PAT was down 81% at Rs 3 crore versus Rs 16 crore.

The company's total expenditure was up 8% at Rs 116 crore versus Rs 107 crore.

Its EBITDA was down 38% at Rs 13 crore versus Rs 21 crore.

The company's EBITDA margin was down at 12% versus 19%.

Source: www.moneycontrol.com

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UTV Software Q1 cons net loss of Rs 3 cr

UTV Software has announced its first quarter results. The company's Q1 consolidated net loss of Rs 3 crore versus profit of Rs 41 crore.

Its consolidated net sales were up at Rs 205.5 crore versus Rs 199.3 crore.

Source: www.moneycontrol.com

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Parsvnath Developers Q1 cons net profit at Rs 25.8 cr

Parsvnath Developers has reported a consolidated net profit of Rs 25.8 crore in the quarter ended June 2011.

Consolidated net sales of the company stood at Rs 217 crore for the first quarter of FY12.

Source: www.moneycontrol.com

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Ansal Properties Q1 net profit at Rs 53.1 cr

Ansal Properties has reported a net profit of Rs 53.1 crore in the first quarter of FY12.

Net sales of the company in the April-June quarter of 2011 stood at Rs 228 crore.

Source: www.moneycontrol.com

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Castrol Q2 net profit at Rs 143 cr

Castrol has reported a net profit of Rs 143 crore in the second quarter of CY11.

Net sales of the company stood at Rs 790 crore in the April-June quarter of 2011.

Source: www.moneycontrol.com

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Zylog Systems Q1 net up 27.5% at Rs 45 cr

IT services provider Zylog Systems today said that it has reported a 27.5% growth in its net profits for the first quarter ending June 30, at Rs 44.97 crore.

The city-headquartered company had reported a net profit of Rs 35.27 crore during the same period last year, a company release said.

For the year ended March 31, 2011, the net profits of the company stood at Rs 145.14 crore.

The gross revenue of the company for the first quarter ending June 30, 2011 went up by 10.8% to Rs 513.59 crore from Rs 463.38 crore registered during the same period a year ago.

For the fiscal ending March 31, 2011 the gross revenue of the company was at Rs 1,915.67 crore, it added.

Source: www.moneycontrol.com

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Jubilant Foodworks Q1 net profit up 51.6% at Rs 23.2 cr

Jubilant Foodworks has reported a rise of 51.6% (YoY) in profits for the first quarter of FY12. During the period, net profit of the company increased to Rs 23.2 crore as against Rs 15.3 crore in the corresponding quarter last fiscal.

Net sales shot up nearly 60% to Rs 217 crore from Rs 136 crore year-on-year.

Source: www.moneycontrol.com

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Amtek Auto Q1 cons net profit up 122.5% at Rs 178 cr

Amtek Auto has reported a rise of 122.5% (YoY) in profits for the first quarter of FY12. During the period, consolidated net profit of the company increased to Rs 178 crore as against Rs 80 crore in the corresponding quarter last fiscal.

Consolidated net sales shot up 70% to Rs 1,693 crore in April-June quarter of 2011 versus Rs 994 crore in the year ago period.

Source: www.moneycontrol.com

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Shree Renuka Q3 cons net profit up 108% at Rs 187 cr

Shree Renuka Sugars has reported a rise of 108% (YoY) in profits for the third quarter of FY11. During the period, consolidated net profit of the company increased to Rs 187 crore as against Rs 90 crore in the corresponding quarter last fiscal.

Cons net sales went up 12% to Rs 2,240 crore from Rs 1,999 crore year-on-year.

Other income shot up 200% to Rs 126 crore in the April-June quarter as against Rs 42
crore in the year ago period.

Source: www.moneycontrol.com

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Shree Renuka Q3 cons net profit up 108% at Rs 187 cr

Shree Renuka Sugars has reported a rise of 108% (YoY) in profits for the third quarter of FY11. During the period, consolidated net profit of the company increased to Rs 187 crore as against Rs 90 crore in the corresponding quarter last fiscal.

Cons net sales went up 12% to Rs 2,240 crore from Rs 1,999 crore year-on-year.

Other income shot up 200% to Rs 126 crore in the April-June quarter as against Rs 42
crore in the year ago period.

Source: www.moneycontrol.com

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Sakthi Sugars Q1 net loss at Rs 10.4 cr

Sakthi Sugars has reported a net loss of Rs 10.4 crore in the first quarter of FY12 as against loss of Rs 16.7 crore in the corresponding quarter last fiscal.

Net sales declined to Rs 355 crore from Rs 458 crore year-on-year.

Source: www.moneycontrol.com

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Nitin Fire Protection Q1 cons net profit up at Rs 23.7 cr

Nitin Fire Protection has reported a consolidated net profit of Rs 23.7 crore in the quarter ended June 2011 as against Rs 9.6 crore in the corresponding quarter last fiscal.

Consolidated net sales surged to Rs 161 crore from Rs 89.7 crore year-on-year.

Source: www.moneycontrol.com

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Apollo Tyres Q1 cons net profit up at Rs 77 cr

Apollo Tyres has reported a consolidated net profit of Rs 77 crore in the quarter ended June 2011 as against Rs 74 crore in the corresponding quarter last fiscal.

Consolidated net sales shot up to Rs 2,822 crore from Rs 1,820 crore year-on-year.

Source: www.moneycontrol.com

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Thursday, August 11, 2011

Tata Motors Q1 consol net profit up at Rs 1,999 cr

India's largest commercial vehicle manufacturer Tata Motors has reported a net profit of Rs 1,999 crore in the first quarter of FY12 as against Rs 1,988 crore in the corresponding quarter last fiscal.

Consolidated net sales increased 23.4% to Rs 33,392 crore from Rs 27,055 crore year-on-year.

Bottomline was way below expectations while topline was better than estimates. CNBC-TV18 poll saw net profit of Rs 2,242 crore and net sales of Rs 32,000 crore.

In a press conference, the management of the company said consolidated operating margin declined to 13.3% in Q1FY12 versus 14.6% in same quarter the previous year.

"We raised truck and bus prices by 2.5% in Q1. We also raised car and utility vehicles prices by 2%."

Source: www.moneycontrol.com

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Gayatri Projects Q1 net profit up at Rs 16.7 cr

Gayatri Projects has reported a net profit of Rs 16.7 crore in the first quarter of FY12 as against Rs 15.1 crore in the corresponding quarter last fiscal.

Net sales moved up to Rs 401 crore from Rs 342 crore year-on-year.

Source: www.moneycontrol.com

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Vesuvius Q1 net profit up at Rs 14 cr

Vesuvius has reported a net profit of Rs 14 crore in the quarter ended June 2011 as against Rs 12 crore in the corresponding quarter last fiscal.

Net sales jumped to Rs 136 crore from Rs 109 crore year-on-year.

Source: www.moneycontrol.com

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Lovable Lingerie Q1 net profit at Rs 7 cr

Lovable Lingerie has reported a net profit of Rs 7 crore in the quarter ended June 2011.

Net sales of the company stood at Rs 50 crore in the April-June quarter of 2011.

Source: www.moneycontrol.com

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Varun Industries Q1 standalone net profit up at Rs 18.5 cr

Varun Industries has reported a standalone net profit of Rs 18.5 crore in the quarter ended June 2011 as against Rs 11.6 crore in the corresponding quarter last fiscal.

Standalone net sales shot up to Rs 923.7 crore from Rs 406.4 crore, year-on-year.

Source: www.moneycontrol.com

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TV18 Broadcast Q1 net profit at Rs 21 crore

TV18 Broadcast has announced its first quarter results of FY12. Its consolidated Q1 net profit was at Rs 21 crore versus loss of Rs 11.2 crore.

Its consolidated net sales were up at Rs 266 crore versus Rs 173 crore.

Other income was up at Rs 34 crore versus Rs 0.50 crore.

Source: www.moneycontrol.com

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Rolta Q4 net profit up 5.5% at Rs 88.6 cr

Rolta has posted a rise of 5.5% (QoQ) in profits for the fourth quarter of FY11. During the period, net profit of the company increased to Rs 88.6 crore as against Rs 84 crore in the previous quarter.

Net sales moved up to Rs 477 crore from Rs 460 crore quarter-on-quarter.

Source: www.moneycontrol.com

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Reliance Infra Q1 cons net profit up 8% at Rs 405 cr

Reliance Infrastructure has reported a rise of 8% (YoY) in profits for the first quarter of FY12. During the period, consolidated net profit of the company increased to Rs 405 crore as against Rs 375 crore in the corresponding quarter last fiscal.

Consolidated total operating income shot up over 38% to Rs 5,191 crore from Rs 3,752 crore year-on-year.

Source: www.moneycontrol.com

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Reliance Power Q1 cons net profit up at Rs 196 cr

Net profit of Reliance Power, an arm of Anil Dhirubhai Ambani Group, increased to Rs 196 crore in first quarter of FY12 as against Rs 195 crore in the corresponding quarter last fiscal.

Consolidated net sales shot up 290% to Rs 541.8 crore from Rs 139 crore year-on-year.

However, other income declined to Rs 147 crore from Rs 262 crore during the period.

Reliance Power has received approval for 12.3 million carbon credits. Company said carbon credits would generate over Rs 3,000 crore in 10 years.

Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd

MTNL Q1 net loss at Rs 850 cr

MTNL has announced its first quarter results. The company's Q1 net loss at Rs 850 crore versus loss of Rs 451 crore, year-on-year, YoY.

Its revenues were down at Rs 813 crore versus Rs 953 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Wednesday, August 10, 2011

Advanta India Q1 cons PAT up at Rs 17.3 cr

Advanta India has announced its first quarter results. The company's Q1 consolidated net profit was up at Rs 17.3 crore versus Rs 4.3 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 225 crore versus Rs 174 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IOC Q1 net loss at Rs 3,719 cr

Indian Oil Corporation (IOC) has declared its first quarter results. The company's Q1 net loss at Rs 3,719 crore versus net loss of Rs 3,388 crore, year-on-year, YoY.

Its net sales were up 28.50% at Rs 92,100.17 crore versus Rs 71,672 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

REC Q1 net profit up 13% at Rs 662 cr

Rural Electrification Corporation (REC) has declared its first quarter results. The company's Q1 net profit was up 13% at Rs 662 crore versus Rs 587 crore, year-on-year, YoY.

Its net sales were up 23% at Rs 2,313 crore versus Rs 1,877 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Ent Q1 cons net profit up 1% at Rs 570 cr

Adani Enterprises has declared its first quarter results. The company's Q1 consolidated net profit was up 1% at Rs 570 crore versus Rs 565 crore, year-on-year, YoY.

Its consolidated net sales were up 63% at Rs 9,596 crore versus Rs 5,899 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NHPC Q1 net profit up 47% at Rs 791 cr

NHPC has announced its first quarter results. The company's Q1 net profit was up 47.30% at Rs 791 crore versus Rs 537 crore.

Its net sales were up 40.29% at Rs 1,431 crore versus Rs 1,020 crore.

Its other income was up 35.23% at Rs 238 crore versus Rs 176 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Apollo Hospitals Q1 net profit up at Rs 51 cr

Apollo Hospitals has announced its first quarter results. The company's Q1 net profit was up at Rs 51 crore versus Rs 39 crore.

Its net sales were up at Rs 641 crore versus Rs 523 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Jay Shree Q1 net profit up at Rs 18 cr

Jayshree Tea has declared its first quarter results. The company's Q1 net profit was up at Rs 18 crore versus Rs 12 crore.

Its net sales were up at Rs 91 crore versus Rs 82 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bombay Rayon Q1 net profit up 9% at Rs 56.8 cr

Bombay Rayon Fashion has reported a rise of nearly 9% (YoY) in profits for first quarter of FY12. During the period, net profit of the company increased to Rs 56.8 crore as against Rs 52.2 crore in the corresponding quarter last fiscal.

Net sales shot up 20% to Rs 603.8 crore from Rs 502.7 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Comm Q1 cons net loss at Rs 218 cr

Tata Communications has declared its Q1FY12 consolidated results. The company's Q1 revenue was up 13% at Rs 3257 crore versus Rs 2885 crore.

Its net loss was at Rs 218 crore versus loss of Rs 281 crore

Its total expenditure was up 11% at Rs 3351 crore versus Rs 3008 crore.

Its EBITDA was up 25% at Rs 326 crore versus Rs 260 crore.

Its EBITDA margin was at 10% versus 9%

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bharat Forge Q1 net up 64% YoY to Rs 97.42 crore

Bharat Forge first quarter net profit surged 64% year-on-year to Rs 97.42 crore. The company’s total net sales for the April-June quarter were up over 36% from a year ago to Rs 829.34 crore.


A 67% surge in Bharat Forge’s exports offset a slower 18.6% revenue growth in the domestic market. The company said there was a 10% sequential drop in automotive volumes during the quarter in the domestic market.

Bharat Forge said revenue from overseas operations was up 38% year-on-year to Rs 710.8 crore helped by strong auto demand. Profit before tax overseas was up 54% to Rs 11.1 crore.

"This quarter results show all round performance across geographies and industries and it clearly accentuates the benefits derived from the derisked business model we have put in place," said Chairman and Managing Director, BN Kalyani.

Bharat Forge said its non-automotive business grew 50% year-on-year and it "continues to witness tremendous traction with good order flow."

Bharat Forge shares surged over 5% at Rs 283.60 on NSE post the earnings announcement in morning trade.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tuesday, August 9, 2011

Mahindra Satyam Q1 cons PAT at Rs 225 cr

Mahindra Satyam's first quarter FY12 consolidated net profit was at Rs 225 crore versus loss of Rs 327 crore, quarter-on-quarter.

During the period, its consolidated revenues were up at Rs 1,434 crore versus Rs 1,375 crore (QoQ). In the fourth quarter of last fiscal, it incurred an extraordinary loss of Rs 570 crore.

Financial Highlights in USD (per Convenience Translation):

First Quarter consolidated Revenue was USD 320 million, up 5.2% QoQ, 19.3% YoY

EBITDA was at USD 46.9 million, up 18.8% QoQ

Margin at 14.6% up 168 bps, from 13.0% in Q4 FY11

Profit After Tax was at USD 50.2 million

Other Highlights

Total headcount at 31,438 as of June 30, 2011, a net addition of 2,172 for the quarter

Attrition improved to 17% compared to 22% in Q4 FY11

Active Customer count at 220

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sobha Developers Q1 PAT down at Rs 31 cr

Sobha Developers has announced its first quarter results. The company's Q1 net profit was down at Rs 31 crore versus Rs 34 crore, year-on-year, YoY.

Its Q1 net sales were up at Rs 317 crore versus Rs 315 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ABB Q2 PAT up at Rs 39 cr

ABB has announced its second quarter results. The company’s Q2 net profit was up at Rs 39 crore versus Rs 38 crore, year-on-year, YoY.

Its net sales were up at Rs 1,693 crore versus Rs 1,447 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Wockhardt Q1 cons net profit at Rs 194 cr

Wockhardt has announced its first quarter results. The company's Q1 consolidated net profit was at Rs 194 crore versus loss of Rs 116 crore.

Its consolidated net sales were up at Rs 1,053 crore versus Rs 922 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Coffee Q1 cons PAT up at Rs 13.1 cr

Tata Coffee has announced its first quarter results. The company's Q1 consolidated net profit was up at Rs 13.1 crore versus Rs 12.1 crore, year-on-year, YoY.

Its consolidated revenue was up at Rs 332 crore versus Rs 315 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Omaxe Q1 cons PAT down at Rs 20 cr

Omaxe has announced its first quarter results. The company's Q1 consolidated net profit was down at Rs 20 crore versus Rs 22 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 329 crore versus Rs 253 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd