Saturday, August 4, 2012

Hotel Leela Q1 net loss rises 285% to Rs 102 cr


Hotel Leela Venture  's first quarter net loss shot up by 285% to Rs 102 crore from loss of Rs 26.5 crore in a year ago period.

However, the company reported an operating profit at Rs 16 crore in the quarter as against a loss of Rs 49 crore in the previous quarter. Interest costs fell by 23% quarter-on-quarter to Rs 89 crore.

Net sales increased 23% year-on-year to Rs 138 crore in the quarter ended June 2012.

Hotel Leela has approved preferential allotment worth Rs 100 crore to a promoter group company and also approved resolution to raise up to Rs 1000 crore.

The stock gained 2% to close at Rs 31.45 amid large volumes.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cummins India Q1 beats forecast, net up 2% to Rs 181 cr


Diesel and natural gas engines manufacturer Cummins India  's net profit rose higher than expected 2.3% year-on-year to Rs 181 crore in the quarter ended June 2012. Analysts had a forecast of Rs 150 crore.

Profit after tax in quarter ended June 2011 had included an exceptional gain of Rs 51.44 crore, pertaining to profits realized on divestment of company’s entire shareholding in Cummins Exhaust India Ltd.

Total income went up by 20.4% to Rs 1,258 crore from Rs 1,045 crore during the same period, which was above expectations of Rs 1,138 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) shot up by 34% to Rs 232 crore, which too came in higher than expectations of Rs 202 crore.

EBITDA margin rose by 165 basis points to 18.5% as against 16.8% year-on-year.

At 12:29 hours IST, the share shot up more than 6% to Rs 465 amid large volumes.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Federal Bank Q1 net profit up 30% at Rs 190 cr


Private sector lender Federal Bank  's net profit rose by 30.4% year-on-year to Rs 190.4 crore in the quarter ended June 2012.

Net interest income went up by 7% to Rs 491.6 crore from Rs 460 crore during the same period.

However, gross non-performing assets (NPA) jumped by 25 basis points QoQ to 3.6% and net NPAs by 9 basis points to 0.62%.

Even the provisions were increased to Rs 62.8 crore in first quarter of FY13 from Rs 15.5 crore in previous quarter.

Capital adequacy ratio declined by 110 basis points to 15.5% versus 16.6% QoQ.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Voltas Q1 PAT down 40% at Rs 79 cr


Voltas, a premier engineering solutions provider and project specialist, reported very weak results operationally in the first quarter of FY13. But the bottomline met expectations due to higher other income and lower tax expenses while revenues were higher than expectations.

Consolidated net profit went down by 40% year-on-year to Rs 79 crore during the quarter. Analysts on an average had expected at Rs 72 crore.

Other income in the first quarter almost doubled to Rs 35 crore (from Rs 19 crore) while tax expenses declined 46% year-on-year.

Consolidated total income rose by 20% to Rs 1,617 crore from Rs 1348 crore during the same quarter, which was ahead of expectations of Rs 1,418 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 14% YoY to Rs 94 crore. Consolidated EBITDA margin was down by 230 bps to 5.8% in the June quarter versus 8.1% in a year ago period, which was quite lower than expectations of 7.2%.

Voltas is facing significant input cost pressures, which was worsened by the rupee depreciation and execution of low margin orders.

Order book for the electro-mechanical projects (EMP) segment was flat YoY at Rs 4,574 crore as against Rs 4,553 crore.

Management has not given outlook on order inflows. However, order book position indicated that new inflows have remained tepid this quarter.

Analysts believe the order inflow cycle for the industry will take atleast 1-2 quarters to recover.

Increase in consumer business (UCP) revenues by 34% in the quarter indicated some respite for Voltas in the domestic market.

Standalone performance was robust and healthy for the company, which indicated domestic market remains upbeat, but challenges continue with two subsidiaries of Voltas.

Profit after tax for last year needs to adjust for exceptional items of Rs 81.5 crore pertaining to transfer of company’s material handling business to a joint venture.

After adjusting for this, the last year’s PAT stood at around Rs 77 crore. Adjusted profit after tax for the quarter rose by 1.3% to Rs 78 crore from Rs 77 crore YoY.

Raw material cost went up by 38% YoY to Rs 991 crore. Inventories have also increased to Rs 38 crore as against liquidation of Rs 38 crore.

Segmental analysis

Electro-Mechanical Projects (EMP contributes 45-50% to total revenues)

Revenues of this segment increased 10% YoY to Rs 741 crore while EBIT margin was flat at 4.5%.

Margins were impacted by weak execution, cost overruns and low carry forward of orders.

Unitary Cooling Segment (UCP accounts for 40-45% of revenues)

Revenues of UCP rose by 34% YoY to Rs 754 crore while its EBIT margin declined 290 basis points to 8.4% due to inability of the company to pass on input cost pressures, rupee depreciation versus Chinese Yuan and high ad-spends due to peak sales season.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Manappuram Finance Q1 net up 46% at Rs 158 cr


Gold loan financing company Manappuram Finance  's net profit went up by 46% year-on-year to Rs 157.7 crore in the quarter ended June 2012.

Total income from operations rose by 46% to Rs 711.2 crore from Rs 488.4 crore during the same period.

Today, the share rose 1.5% to close at Rs 34.20. In the last three sessions, the stock gained more than 10%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Jaypee Infratech Q1 net profit down 40% QoQ to Rs 210 cr


Jaypee Infratech  , a special purpose vehicle for implementation of 165 km long 6-lane access-controlled Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra, has reported a degrowth of 40% quarter-on-quarter and 12% year-on-year in net profit of Rs 210 crore for the quarter ended June 2012.

Net sales increased 10% YoY to Rs 678 crore during the quarter, but the QoQ fell by 26%.

The stock rose 1% to close at Rs 53.85 after hitting an intraday high of Rs 55.45 and low of Rs 53.55.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Century Textiles returns to profits in Q1, stock up 6%


Century Textiles and Industries  has reported a net profit of Rs 2.4 crore in the quarter ended June 2012 as against loss of Rs 23.9 crore in the previous quarter and profit of Rs 23.9 crore in a year ago period.

Net sales increased 18% year-on-year to Rs 1,372.5 crore from Rs 1,164 crore.

The stock gained as much as 7% to touch an intraday high of Rs 311 on Wednesday, before closing at Rs 307.75 with a gain of 6%..

Even trading volumes spiked 1140% to 10,96,843 equity shares as compared to its 5-day average of 88,462 shares.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BASF Q1 net up 36% at Rs 72 cr; stock rises 16%


Leading chemical company BASF  's net profit shot up by 36% year-on-year to Rs 71.7 crore in the quarter ended June 2012.

Net sales went up by 27% to Rs 1,289 crore from Rs 1,013.7 crore during the same period.

The stock gained as much as 16% intraday on Wednesday, before closing at Rs 629.15, with gain of 12.61%.

Even its trading volumes increased 31,183% to 3,70,203 equity shares as compared to its 5-day average of 1,183 shares.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Orient Paper Q1 net down 18%; stock ends off day's high


Orient Paper and Industries  ' net profit fell by 17.7% year-on-year to Rs 48.9 crore in the quarter ended June 2012.

Net sales went up by 25.4% to Rs 657 crore from Rs 524 crore during the same period.

Before the announcement of these numbers, the stock had touched a 52-week high of Rs 113. But the disappointing numbers wiped out majority of the gains (more than 13% from day's high).

The share rose just 1.4% to close at Rs 97.85 on the BSE.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Power posts net loss of Rs 810 cr in Q1


Leading private utility Adani Power  has posted consolidated net loss of Rs 810 crore in the first quarter of financial year 2012-13 as against profit of Rs 181 crore in a year ago period.

In a press conference after Q1 results, Adani Power said the revenue loss was mainly due to rupee depreciation and also due to non-availability of linkage coal. The plant load factor toned down to 63% in the quarter.

Consolidated net sales shot up by 75.7% to Rs 1,502 crore from Rs 855 crore during the same period.

Other income doubled year-on-year to Rs 52.7 crore from Rs 29 crore. The company has reported a forex loss of Rs 244.2 crore. 

Adani Power said the Tiroda and Covai projects were in advanced stage of construction.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Engineers India Q1 net up 4% at Rs 154 cr


State-owned Engineers India  today said the net profit rose by 4% year-on-year to Rs 154 crore in the first quarter of financial year 2012-13.

Total income from operations fell by 7% to Rs 793 crore from Rs 853.6 crore during the same period.

The share rose 0.63% to close at Rs 240 amid large volumes.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BGR Energy Q1 net profit down 33% at Rs 33.6 cr


BGR Energy Systems  ' net profit fell higher than expected 33% year-on-year to Rs 33.6 crore in the quarter ended June 2012.

Income from operations too grew lower than expected 16.4% to Rs 611 crore from Rs 731.2 crore during the same period.

Analysts on an average had expected net profit at Rs 39 crore and income from operations at Rs 765 crore.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Bank Q1 net up 32% to Rs 174 cr YoY


Kolkata-based public sector lender United Bank of India  's net profit rose by 31.8% year-on-year to Rs 174 crore in the first quarter of FY13.

Net interest income went up by 20% to Rs 683.6 crore from Rs 568.7 crore during the same period.

Gross non-performing assets (NPAs) increased just 6 basis points quarter-on-quarter to 3.47% versus 3.41%.

The share rallied more than 4% to close at Rs 56.70 on Friday, after gaining as much as 7% intraday.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICRA Q1 net up 135% to Rs 8.5 cr, stock gains 8%


Rating agency ICRA's consolidated net profit shot up by 135.3% year-on-year to Rs 8.47 crore in the quarter ended June 2012.

Consolidated net sales rose by 31.8% to Rs 51 crore from Rs 38.7 crore during the same period.

The share rallied as much as 7.6% intraday on Friday, before closing with gains of 3% at Rs 1,223.95.

Even its trading volumes surged quite sharply to 12,565 equity shares as compared to its 5-day average of 463 shares.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

GSK Consumer Q2 net up 29% at Rs 106.6 cr


GlaxoSmithKline Consumer Healthcare  's net profit rose higher than expected 29.2% year-on-year to Rs 106.6 crore in the quarter ended June 2012. Analysts on an average had expected around Rs 98 crore.

Net sales increased 11.7% to Rs 729.7 crore from Rs 653.4 crore during the same period.

Other income shot up by 84% to Rs 28.5 crore from Rs 15.5 crore year-on-year.

The share went up 1.5% to close at Rs 2,677.55 on Wednesday.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

PVR reports Q1 net profit at Rs 7.6 cr


Multiplex chain PVR  has posted a consolidated net profit of Rs 7.6 crore in the April-June quarter of 2012 as against loss Rs 13.2 crore in the previous quarter.

Consolidated net sales spiked 49.5% to Rs 176 crore from Rs 117.7 crore during the same period.

In a press conference after results, company said L Capital Eco would invest Rs 50 crore in PVR Leisure and they would issue 28.85 lakh shares to the same at Rs 200/share.

The stock has touched a 52-week high of Rs 195.90 after these results. At 14:40 hours IST, the share was trading at Rs 188, up 14.18%.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Ceat posts Q1 profit at Rs 29 cr


Tyre manufacturing company Ceat  has reported a consolidated profit of Rs 29 crore in the quarter ended June 2012 as against a loss of Rs 49 crore in a year ago period.

Consolidated net sales rose by 10.3% year-on-year to Rs 1,225 crore from Rs 1,110.5 crore.

At 14:20 hours IST, the share was trading at Rs 102.90, up Rs 4.85, or 4.95% amid heavy volumes.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Ports Q1 net up 65% at Rs 418 cr


Adani Ports and Special Economic Zone  's net profit rose higher than expected 64.6% year-on-year to Rs 418 crore in the quarter ended June 2012. Analysts on an average had expected at Rs 309 crore.

Net sales went up by 18.9% to Rs 789.4 crore from Rs 664 crore during the same period.

The forex loss increased significantly to Rs 32.2 crore in the first quarter of FY13 as against Rs 1.7 crore in a year ago period.

In a press conference, Adani Port said they had handled 17.42 mt of cargo in the quarter. According to them, Adani Port is now the second largest port in India.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Delta Corp Q1 net profit rises 36% to Rs 16 cr


Gaming company Delta Corp  's consolidated net profit shot up by 36.44% year-on-year to Rs 16.1 crore in the quarter ended June 2012 led by other income and fall in expenses.

Other income rose nearly 122% to Rs 6.61 crore from Rs 2.98 crore during the same period. Total expenses declined by 26.6% YoY to Rs 44.45 crore during the quarter.

But, consolidated net sales declined 21% to Rs 72 crore in the first quarter of financial year 2012-13 from Rs 91.2 crore in a year ago period.

At 10:35 hours IST, the share gained 4.6% to Rs 60.25 on the BSE.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Marico beats street; Q1 net up 46% at Rs 124 cr


FMCG firm Marico  's first quarter net profit rose better-than-expected 46% year-on-year to Rs 124 crore, helped by strong volume as well as value growth.

Its revenue in April-June rose 22% to Rs 1,270 crore.

While its volumes rose 14%, value growth was 22% in the quarter.

Analysts on average had expected Marico to report net profit of Rs 112 crore on revenue of Rs 1,228 crore in the first quarter, according to a CNBC-TV18 poll.

Its consumer products business in India grew 22-23% in the quarter, boosted by sufficient pricing power, steady growth in coconut oils market and share gain by Parachute, share gain in value added hair oils, expansion in Saffola's franchise and investments to improve direct distribution, the Mumbai-based company said on Friday.

Marico's gross margin in the quarter was at 27.1%, compared with 21.5% in the year ago quarter.

"The quarter witnessed a sharp decline in copra prices that led to an overall reduction in the input costs. Market price of copra, the input for coconut oil, which accounts for about 40% of the group's raw material cost, was about 38% lower year-on-year," it said.

However, price of safflower oil and rice bran, both used in Saffola cooking oil, were up 46% and 20% respectively.

Marico also raised its advertising and sales promotions to 12.3% of sales in April-June, from 9.3% a year ago.

OUTLOOK

Marico said it plans to spend Rs 130-150 crore in capital assets this financial year.

While the growth so far has been strong, the company said there is some uncertainty in the business environment with a possibility of an economic slowdown and the likely impact of inadequate monsoon rain.

"Even though FMCG companies marketing items of daily consumption are not affected as much as some other industries might be, there could be an effect on consumer demand especially for items of discretionary consumption in our portfolio," Marico said.

It also feels there could be some impact of high inflation and weak currencies in some of its international markets and thus doesn't expect the first quarter margins will be sustainable for the rest of the year.

But since copra prices have fallen, Marico said it will pass back some of the input cost benefit in Parachute to consumers in select stock keeping units.

It expects volume growth of 7-8% in Parachute in the medium term, and sees volume growth of 15-17% in value added hair oils over next 2-3 years.

In its premium refined cooking oil Saffola range, volumes are seen growing 15% each year. It also aims to scale up the health foods business under the Saffola brand and has aimed for 25% revenues from Saffola will come from healthy foods in three years.

Over the next few quarters, Marico also aims to integrate the brands Set Wet, Zatak and Livon, it acquired from Reckitt Benckiser.

"The annual turnover of the acquired business was about Rs 150 crore during FY12. The Company believes that this business has the potential to grow by 25-30% over the next few years considering its presence in the fast growing male styling and grooming category," Marico said.

It started primary sales of the brands in the second half of June and reported a revenue of Rs 10 crore. The second quarter will be the first full quarter of these brands under Marico and it feels these brands will grow faster than its existing product range in future.

KAYA SKIN CLINIC

In the first quarter, Kaya Skin Clinic's revenue rose 29% year-on-year to Rs 81 crore, but loss at PBIT (profit before interest and tax) level widened to Rs 7.3 crore from Rs 5.58 crore.

This increase in loss was primarily due to a one-time exceptional loss of Rs 4.8 crore on account of proposed sale of Kaya training centre building, Marico said. Advertising spends were also increased.

As a part of controlling costs, Marico said Kaya's training process has now been regionalised, compared with the earlier practice of conducting all India training in Mumbai.

Marico shares closed down 2.9% at Rs 188.10 on NSE on Friday.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Madras Cements Q1 net profit up 25%


Madras Cements  , flagship company of the Ramco Group, today posted a 25.1% rise in net profit to Rs 123.01 crore for the first quarter ended June 30.

The Chennai-based firm had reported a net profit of Rs 98.30 crore in the year-ago period, it said in a filing to the BSE.

The total income from operations for the quarter grew by 29.5% to Rs 995.27 crore from Rs 764.18 crore in the same period of last year.

The company said Competition Commission of India (CCI) has imposed a penalty of Rs 258.63 crore on the company for alleged cartilisation with select manufacturers.

"The company proposes to appeal against the order before the Competition Appellate Tribunal and hence no provision has been made in the accounts for the same," it said.

Shares of the company closed at Rs 177.60 apiece, up by 4.53% from its the previous close on the BSE.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sun TV Q1 net profit up 3% QoQ at Rs 164 cr


South based media company Sun TV Network  's net profit rose by 3% quarter-on-quarter to Rs 164 crore in the first quarter of FY13.

Total income from operations was flat at Rs 426 crore as against Rs 427 crore during the same period.

Topline as well as bottomline were almost in-line with analysts' expectations of Rs 435 crore and Rs 167 crore, respectively.

Earnings before interest, tax, depreciation and amortisation (EBITDA) margin fell by 120 basis points to 75.8% versus 77% QoQ.

EBITDA declined marginally to Rs 323 crore in the quarter ended June 2012 from Rs 328 crore in the previous quarter.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Jet Airways Q1 net profit at Rs 24.7 cr


Jet Airways  has announced its first quarter results. The Company's Q1 net profit was at Rs 24.7 crore versus loss of Rs 123.2 crore, year-on-year, YoY.

Its total income was at Rs 4,587.3 crore versus Rs 3,541.6 crore, YoY.

Its other income was up at Rs 124.4 crore versus Rs 40.7 crore, YoY.

Its other operating income was down at Rs 116.7 crore versus Rs 136.7 crore,  YoY.

The company's other operating income including income from Aircraft Lease.

Its profit on sale/leaseback of Aircraft at Rs 52.4 crore.

The company's forex loss at Rs 69 crore versus loss of Rs 2.5 crore, YoY.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

City Union Bank Q1 PAT up at Rs 73.9 cr


City Union Bank  has announced its first quarter results. The company's Q1 net profit was up at Rs 73.9 crore versus Rs 58.5 crore, year-on-year, YoY.

Its net interest income (NII) was up at Rs 138 crore versus Rs 120 crore, YoY.

Its gross NPA was at 1.07% versus 1.01%, QoQ.

The company's net NPA was at 0.50% versus 0.44%, QoQ.

Its provisions was down at Rs 17.8 crore versus Rs 20 crore, YoY.

Its capital adequacy ratio at 12% versus 12.57%, QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Berger Paints Q1 net profit up 19% at Rs 44 cr


Berger Paints India  's consolidated net profit rose by 19.4% year-on-year to Rs 44.4 crore in the first quarter of financial year 2012-13.

Consolidated net sales went up by 16% to Rs 803 crore from Rs 693 crore during the same period.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Mahindra Satyam beats street, Q1 net up 56% at Rs 352 cr


Software services provider Mahindra Satyam  (Satyam Computer Services) first quarter consolidated net profit surged significantly better-than-expected 56% year-on-year (down 34% sequentially) to Rs 352 crore, helped by higher other income and continued demand for outsourcing.

Its consolidated income from operations in April-June rose 31% (13% quarter-on-quarter) to Rs 1,880 crore.

Analysts on average had expected the Mahindra group company to report a net profit of Rs 273 crore on revenue of Rs 1,848 crore, according to CNBC-TV18 estimates.

The company's quarterly margins jumped 480 basis points sequentially to 21.7% and EBITDA (earnings before interest, taxes, depreciation and amortization) rose 40% quarter-on-quarter to Rs 408 crore.

As of June 30, Mahindra Satyam had 372 clients. The attrition rate declined to 13.5%, compared with 17.3% a year ago.

In April-June, the company's other income rose to Rs 134 crore from Rs 98 crore in the year ago quarter.

In March this year, another Mahindra group company, Tech Mahindra had announced the long anticipated merger of Mahindra Satyam. Satyam shareholders will get one share of Tech Mahindra for every Satyam share held, in view of the merger.

Tech Mahindra had already acquired near 43% stake in the company in 2009, when the company was engulfed in an accounted scandal involving its founder Ramalinga Raju.

Mahindra Satyam shares closed almost flat at Rs 83.75 on NSE on Thursday. The results were announced after the market closed.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Glenmark Q1 net disappoints, net down 63% at Rs 78 cr


Glenmark Pharma  has disappointed the street by its first quarter numbers as consolidated net profit fell by 62.5% year-on-year to Rs 78.3 crore in the quarter, which was far lower than forecast of Rs 131 crore.

Consolidated net sales increased 19.8% to Rs 1,040 crore from Rs 868 crore year-on-year, which was almost in-line with analysts' expectations of Rs 1,028 crore.

The share rose just 0.36% to close at Rs 387.60 amid huge volumes.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bhushan Steel Q1 PAT down 2% at Rs 206cr


Bhushan Steel  has announced its first quarter results. The company's Q1 net profit was down 2% at Rs 206 crore versus Rs 210 crore, year-on-year, YoY.

Its net sales were up 27% at Rs 2,747.3 crore versus Rs 2,166 crore, YoY.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

JP Associates Q1 beats estimates, net down 25% at Rs 139 cr


Jaiprakash Associates  ' first quarter numbers were higher than expectations while its operational performance was in-line with estimates. Company has restated all its results for the quarter ended June 2011 to incorporate the de-merger of its two cement plants into a separate entity.

First quarter profit after tax declined lower than expected by 25% year-on-year to Rs 139 crore. Analysts on an average had expected around Rs 112 crore.

Lower bottomline performance was due to higher interest costs during the quarter. Interest cost went up by around 21% YoY to Rs 465 crore.

Net sales rose by 2% to Rs 2,964 crore from Rs 2,902 crore during the same period. Analysts had a forecast of Rs 3,335 crore.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 9% YoY to Rs 816 crore, which was in-line with expectations of Rs 819 crore.

EBITDA margin spiked 140 basis points at 27.1% in the first quarter of FY13 as against 25.7% in a year ago period. The forecast was at 24.6%.

Depreciation during the quarter jumped by 25% to Rs 176 crore from Rs 141 crore YoY.

On quarter-on-quarter basis, net sales fell by 26% and EBITDA went down by 17%. Profit after tax was down by 51%, but EBITDA margin surged by 270 basis points.

Segments

Revenues from the cement business (largest segment for JP Associates) improved at 22% YoY.

Revenues for construction, power and real estate declined 5%, 18% and 52% YoY, respectively.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Chennai Petroleum reports net loss of Rs 969 cr in Q1


State-owned Chennai Petroleum Corporation  , a producer of fuel products, lubricants and additives, has posted a net loss of Rs 969 crore in the quarter ended June 2012 as against loss of Rs 55 crore in a year ago period.

Net sales went up by 11.55% to Rs 11,038 crore from Rs 9,895.3 crore year-on-year.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

GTL posts net loss of Rs 204 cr in Q1


E-business solutions provider GTL  has posted a consolidated net loss of Rs 204 crore in the first quarter of financial year 2012-13 as against profit of Rs 13 crore in a year ago period.

Consolidated net sales fell by 24.4% to Rs 620 crore from Rs 820 crore during the same period.

Other income too declined sharply to Rs 4 crore in the June quarter from Rs 56.7 crore in the corresponding quarter of last fiscal.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Blue Star net jumps 110%


Air conditioner firm Blue Star  today said its net profit surged by 110% to Rs 20.54 crore in the June quarter.

The company had a net profit of Rs 9.79 crore in the corresponding period last fiscal, Blue Star said in a statement.

During the first quarter, the company posted an income of Rs 723.18 crore compared to Rs 698.52 crore in the year-ago period.

The carry forward order book as on June 30, 2012 reduced to Rs 1,848 crore as against Rs 2,019 crores as at June 30, 2011, due to slower new order bookings as well as a concerted effort to improve the quality of new orders won, the company said.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDBI Q1 net jumps 28% to Rs 427.3 cr


IDBI Bank  's net profit jumped by 27.55% year-on-year to Rs 427.3 crore in the first quarter of financial year 2012-13.

Net interest income rose by 4.92% to Rs 1,270.6 crore from Rs 1,211 crore during the same period.

Gross non-performing assets (NPAs) went up by 75 basis points quarter-on-quarter to 3.24% and net NPAs increased 46 basis points to 2.07% in the June quarter.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Petronet LNG Q1 beats forecast, net up 10.6% at Rs 271 cr


State-owned Petronet LNG  's net profit rose higher than expected 10.6% quarter-on-quarter to Rs 271 crore in the first quarter of FY12. Analysts on an average had expected around Rs 242 crore.

Net sales went up by 9.7% to Rs 6,993 crore from Rs 6,375.4 crore during the same period. Analysts had a forecast of Rs 6,690 crore.

The company has reported forex loss of Rs 69.7 crore in the first quarter of FY13 as against gain of Rs 57.5 crore in the previous quarter.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cipla Q1 net jumps 58% to Rs 401 cr


Pharma major Cipla  's first quarter net profit surged much better-than-expected 58% year-on-year to Rs 401 crore, helped by strong growth in sales and higher realisations.

The company's quarterly net sales were also above expectations, growing 24% to Rs 1,917 crore.

Analysts on average had expected Cipla to report a net profit of Rs 306 crore on revenue of Rs 1,864 crore, according to CNBC-TV18 estimates.

In April-June, the company's domestic sales rose 30% to Rs 970 crore, while exports were up 18% to Rs 979 crore. Exports accounted for 50.2% of total sales last quarter.

Cipla's raw material costs as a percentage to total sales declined to 37.6% in Q1 from 42.5% a year ago, which helped margins.

"Material cost has decreased by 5% mainly on account of changes in product mix, namely lower proportion of anti-retrovirals and higher contribution of anti-depressant segment, coupled with increased realisations. As a result, operating margins have also increased by about 5%," Cipla said.

Its staff costs rose 25% during the quarter to Rs 213 crore due to annual increments and increase in manpower.

Cipla shares closed up 1.6% at Rs 338.60 on NSE on Tuesday.


Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd