DENIP Consultants Pvt. Ltd.

Tata Chemicals Q3 net up by 36% at Rs 223.78cr

2012-02-10T20:05:00.001+05:30

Tata Chemicals , the fertilizer and chemicals arm of Tata Group, today reported a 36% rise in net profit at Rs 223.78 crore for the quarter ended December 31, following growth across all segments in the domestic as well as the international markets.

The company's net profit for the third quarter of FY11 stood at Rs 164.57 crore. It posted 32% rise in net sales at Rs 3,854.14 crore in the period under review, compared to Rs 2,910.22 crore in the corresponding period of last fiscal. "We are delighted to report continuing strong operating and financial performance. All our facilities, both domestic and international, have performed well. Our production and sales volumes have been stable," Tata Chemicals Managing Director R Mukundan told reporters.

Firm input costs are putting pressure on margins, however, strengthening rupee over the last month has been encouraging, he said. "While current demand appears stable, it continues to be influenced by several macro environment factors. I am, however, confident that our access to low cost resources combined with efficient operations and well entrenched and expansive distribution network will enable us to continue to create value and drive growth," he said.

In the chemicals business, the company's Europe operations witnessed improved utilization, its British Salt performance was robust and there was steady improvement in Magadi operations, he said. However, productions at the company's North America operations moderated due to slow resumption of operations post expansion, he added.

Consumers products, he said, continued to maintain leadership position in branded salt at 64% market share in the country. About its fertilizer segment, Mukundan said the expansion of soda ash capacity by 1 lakh TPA at Tata Chemicals North America (TCNA) was concluded. Tata Chemicals operations at Babrala in Uttar Pradesh is stable and its new ammonia converter will be hooked up in March or April this year, he said.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Apollo Hospitals Q3 net profit up 41% at Rs 64.6 cr

2012-02-10T20:04:00.000+05:30

Apollo Hospitals has announced its third quarter results. The company's Q3 net profit was up 41% at Rs 64.6 crore versus Rs 45.8 crore, year-on-year, YoY.

Its total income was up 19% at Rs 715 crore versus Rs 601 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BPCL Q3 net profit up at Rs 3140cr

2012-02-10T19:59:00.001+05:30

BPCL has announced its third quarter results. The company's Q3 net profit was up at Rs 3,140 crore versus Rs 187 crore, year-on-year, YoY.

Its net sales were up at Rs 58,824 crore versus Rs 36,666, YoY.

Its subsidy was up at Rs 3,573 crore versus Rs 1,171 crore, YoY.

Its nine month GRMs was down at USD 2.78 per barrel versus USD 3.63 per bbl.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDFC Q3 PAT up 27% at Rs 387 cr on higher interest income

2012-02-10T19:58:00.001+05:30

Infrastructure Development Finance Company or IDFC's third quarter (Oct-Dec) standalone net profit climbed more than 27% year-on-year to Rs 387 crore on the back of higher interest income.

The company's Q3 consolidated net profit was up at Rs 381 crore versus Rs 321 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 1,639 crore versus Rs 1,306 crore, YoY. The net interest income (NII) or the difference between interests earned and expended rose 30% to Rs 1,527 crore for the nine months ended December 31. The Q3 NII growth (y-o-y) was not mentioned in the press release sent by the company.

The gross non-performing asset (NPA) ratio shot up from 0.19% to 0.33% sequentially. Net NPA ratio too jumped from 0.09% to 0.22% during the same time. Consequently, provisions and contingencies doubled to Rs 98 crore as against Rs 48 crore a year back.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cummins India Q3 net profit up at Rs 141 cr

2012-02-10T19:57:00.004+05:30

Cummins India , the diesel and natural gas engines manufacturer for power generation, industrial and auto companies, has reported a net profit of Rs 141 crore in the third quarter of FY12, a moderate increase as compared to Rs 139 crore in a year ago quarter.

Net sales rose over 1% to Rs 971 crore from Rs 960 crore year-on-year, but it fell more than 9% as compared to Rs 1,070 crore in the previous quarter.

Net sales for nine months came in at Rs 3,062 crore, an increase of 4% from Rs 2,936 crore in a year ago period.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Steel posts Rs 687cr loss in Dec quarter

2012-02-10T19:57:00.003+05:30

Tata Steel , the world's No. 7 steelmaker, posted its first quarterly net loss in more than two years, hit by higher raw material costs and weak prices in Europe.

Tata Steel reported a net loss of Rs 687 crore for its fiscal third quarter ended December, compared with a net profit of Rs 949 crore a year earlier.

After minority interest and share of associates, it reported a net loss of Rs 603 crore.

Analysts, on average, had expected a net profit of Rs 34 crore, according to a Reuters poll of 12 brokerages.

Global crude steel production hit a record high of 1.53 billion tonnes in 2011, but the pace of growth was sharply lower than the previous year as the sovereign debt crisis in Europe and slowing economic growth in top consumer China dented demand.

Shares in Tata Steel, valued at USD 8.9 billion, closed up 0.3% ahead of the results. The stock has jumped about 36% so far in 2012, compared with a nearly 15% rise in India's benchmark index.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ACC Q4 cons net profit up 86% at Rs 463 cr

2012-02-10T19:57:00.001+05:30

ACC has announced its fourth quarter results. The company's Q4 consolidated net profit was up 85.94% at Rs 463 crore versus Rs 249 crore, year-on-year, YoY.

Its consolidated net sales were up 27% at Rs 2,657 crore versus Rs 2,093 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HPCL Q3 PAT at Rs 2725cr boosted by govt subsidy

2012-02-10T19:56:00.003+05:30

State run Hindustan Petroleum (HPCL) has posted a net profit of Rs 2725 crore for the December quarter as against Rs 211 crore, year-on-year. The oil retailer in an earnings statement said it got a boost in the form of subsidy support of Rs 8080 crore from upstream companies and Rs 503.34 crore from the government for selling petroleum products at government controlled rates.

The results are much ahead of CNBC-TV 18 poll, which had estimated HPCL to post a net loss of Rs 700 crore, assuming a lack of cash subsidy from the government during the quarter for selling diesel and cooking fuels at discounted prices.

HPCL's gross under-recoveries for the quarter stood at around Rs 7,000 crore.

Meanwhile, sales of the company also went up 41% to Rs 47917 crore, y-o-y. Shares of the company closed the day at 287.50, marginally up before the company announced its quarterly earnings.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Apollo Tyres Q3 net down 18% on high cost, one-time penalty

2012-02-10T19:56:00.001+05:30

Apollo Tyres ' net profit for the third quarter fell higher-than-expected 18% year-on-year to Rs 98 crore, hurt by high raw material costs and one-time penalty on its South African subsidiary.

The company's net sales during the three-month period, however, were well ahead of street estimates, up 36% year-on-year to Rs 3,228.2 crore.

Analysts on average had expected Apollo Tyres to report a net profit of Rs 114 crore on revenue of Rs 2,887 crore, according to a CNBC-TV18 poll.

During the third quarter, Apollo Tyres had exceptional loss of Rs 29.4 crore due to a penalty imposed on its South African subsidiary. Apollo Tyres South Africa (ATSA) had entered into settlement agreement with that country's competition commission following the agency's investigation against South African Tyre Manufacturers Conference and four local tyre manufacturers and suppliers, including ATSA, Apollo Tyres said.

The company's raw material costs in the October-December quarter were up 37% from a year ago to Rs 2,000 crore. Interest costs were up 38% to Rs 73 crore.

"The raw material prices have stabilised to some extent, but they continue to remain on the higher side and put our margins under pressure," said Onkar Kanwar, Chairman.

Apollo Tyres' operating profit margin was at 10%, compared with 11.5% in the year ago quarter.

The company said margins could improve in the fourth quarter if raw material costs fell.

Meanwhile, Apollo Tyre's India business rose 47% in the quarter, while South African business grew 27%.

Apollo Tyres shares closed up 4.3% at Rs 75.50 on NSE on Thursday

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

TV18 Broadcast Q3 consolidated net loss at Rs 53.5 cr

2012-02-10T19:55:00.003+05:30

TV18 Broadcast (erstwhile IBN18 Broadcast) has reported a consolidated net loss of Rs 53.5 crore in the October-December quarter of FY12 as against loss of Rs 8 crore in the previous quarter.

Consolidated revenue rose 13.6% to Rs 343 crore from Rs 302 crore quarter-on-quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Ambuja Cements Q4 net up 17% at Rs 302 cr

2012-02-10T19:55:00.001+05:30

Ambuja Cements , country's second largest company by market cap, has reported a net profit of Rs 302 crore in the fourth quarter of FY12, a growth of 17% as compared to Rs 257.5 crore in a year ago quarter. Exceptional loss during the quarter stood at Rs 24 crore.

Net sales too rose 30% to Rs 2329.1 crore from Rs 1788.5 crore year-on-year.

Numbers were largely in line with analysts' expectations; CNBC-TV18 poll saw net profit of Rs 314 crore and sales of Rs 2,283 crore.

Tax credit increased 81% to Rs 67.3 crore in the October-December quarter of FY12 versus Rs 37.1 crore in the corresponding quarter of last fiscal.

EBITDA margins too improved at 18.1% versus 17.6% during the same quarters.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Hindalco Q3 PAT down 2%, high input cost a concern

2012-02-10T19:50:00.000+05:30

Higher raw material cost marginally trimmed Hindalco Industries' December quarter profits to Rs 450 crore as against Rs 460.3 crore, the company posted in the year-ago period. However, sales rose 11% to Rs 6,590 year-on-year on higher volumes and better realisation from both its aluminium and copper verticals.

The Aditya Birla led company said it posted satisfactory results despite raw material cost surging 34% to Rs 738 crore y-o-y. At the same time, the company also expressed concern on the volatile London Metal Exchange (LME) prices, foreign exchange fluctuations along with spiraling cost of fuel to be a major challenge in the short term.

On segment wise performance, the company said:

Higher volumes and slightly improved realisation resulted in a 13% growth in aluminum revenues to Rs 2236 crore but spiraling input cost hurt its EBIT. Also, LME prices of aluminum dropped 13% to $2,105

During the quarter, the company deployed Rs 21,172 crore capital to expand capacities in its ongoing projects including Mahan and Hirakud rolled and Aditya Aluminium Projects.

Its copper vertical too witnessed around 10% increase in its revenues to Rs 4418 crore on the back of higher LME and by-product credits. Copper volumes rose on account of improved efficiency. The segment's PBT also rose 51% to Rs 216 crore.

Shares of the company pared some of its losses of early morning trade and was down marginally to Rs159.20 post the earnings announcement.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Declaration of dividend in BSL Dividend Yield Plus and BSL '95 Fund

2012-02-10T19:46:00.001+05:30

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

New Product : KIM of Reliance Fixed Horizon Fund - XXI - Series 30 (1101 days)

2012-02-10T19:40:00.002+05:30

Please find below the Reliance Fixed Horizon Fund - XXI - Series 30 (1101 days) NFO details for your reference.

RFHF - XXI - Series 30

NFO Opens on February 14, 2012

NFO Closes on February 22, 2012

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tech Mahindra Q3 net up 15% at Rs 276 cr

2012-02-09T20:14:00.003+05:30

Tech Mahindra , a part of Mahindra group, reported a consolidated net profit of Rs 276 crore in the October-December quarter of FY12, a growth of 15% as compared to Rs 240 crore in the previous quarter.

Consolidated net sales rose 8.4% to Rs 1,445 crore from Rs 1,333 crore quarter-on-quarter.

Numbers were less than analysts' expectations. CNBC-TV18 poll saw software services provider's profit after tax of Rs 281.45 crore and revenues of Rs 1,501 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Govt remuneration cushions ONGC's 5% PAT loss

2012-02-09T20:14:00.001+05:30

State-owned Oil and Natural Gas Corp (ONGC) has reported a 5% decline in its December quarter profits to Rs 6,741 crore. The company posted profits due to a royalty write-back of Rs 3,500 crore from the government.

This re-imbursement is actually the royalty which ONGC had paid on behalf of other private companies in seven pre-NELP production blocks as per the production sharing contracts issued by the government.

Meanwhile, its sales were also down nearly 3% to Rs 18,123 year-on-year due to the company giving a subsidy share of Rs 12,536 crore toward oil marketing companies for selling petroleum products at government regulated prices.

Shares of ONGC reacted to the earnings announcement and slipped around 1.5% to Rs 282.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Orchid Chemical posts consolidated loss at Rs 11 cr in Q3

2012-02-09T20:10:00.001+05:30

Orchid Chemicals and Pharmaceuticals reported a consolidated net loss of Rs 11 crore in the third quarter of FY12 as against profit of Rs 57 crore in a year ago quarter, led by forex loss.

The company reported a forex loss of Rs 49 crore during the quarter versus gain of Rs 3.7 crore year-on-year.

Consolidated net sales increased marginally to Rs 482 crore from Rs 462 crore year-on-year.

EBITDA declined at Rs 129 crore in the October-December quarter of FY12 against Rs 131.3 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Jubilant Foodworks Q3 net up 55% at Rs 29.5 cr

2012-02-09T20:09:00.003+05:30

Jubilant Foodworks , which operates Dominos Pizza chain in India, reported a net profit of Rs 29.5 crore in the October-December quarter of FY12, a growth of 55.3% as compared to Rs 19 crore in a year ago quarter.

Net sales rose 49% to Rs 277 crore from Rs 186 crore year-on-year.

Numbers were in line with analysts' expectations; CNBC-TV18 poll saw revenues of Rs 274.2 crore and profit after tax of Rs 27 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

GMR Infra posts consolidated loss at Rs 108 cr in Q3

2012-02-09T20:09:00.001+05:30

Construction company GMR Infrastructure reported a consolidated net loss of Rs 108 crore in October-December quarter of FY12 as against a loss of Rs 22 crore in the corresponding quarter of last fiscal.

Consolidated net sales rose 47% to Rs 1,999 crore from Rs 1,359 crore year-on-year.

Company showed better performance at EBITDA level, which went up 17.85% to Rs 449 crore in the third quarter of FY12 versus Rs 381 crore in a year ago quarter.

Interest cost increased 32% to Rs 424 crore from Rs 321 crore during the same period.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bharti Airtel's Q3 PAT down 1.5% on high interest cost

2012-02-09T20:08:00.000+05:30

Bharti Airtel , the country's largest telecom player's December quarter net profit declined 1.5% to Rs 1,027 crore quarter-on-quarter on the back of high interest charges and costs related to the roll-out of 3G network.

The drop has also been attributed to higher tax provisioning in the quarter. Tax rate was at 32.5% year-to-date.

This is the eighth straight quarter for which Bharti has reported a decline in net profit.

Shares of the telco reacted to the results and declined 4% to Rs 366.30.

The Sunil Mittal led company in an earnings statement said the roll-out of its 3G network resulted in a higher amortisation cost of Rs 164 crore for the quarter, while its net interest cost rose to Rs 116 crore during the quarter under preview.

Meanwhile, sales of the company grew 7% to Rs 18477 crore boosted by better realization rates.

The company's overall customer base stood at 243 million across 19 countries.

Monthly average revenue per user (ARPU), a key metric for telecom carriers, from Bharti's Indian operations rose to Rs 187 during the reporting quarter from Rs 183 in the September quarter.

Debt-equity ratio of the company increased to 1.38 during the December quarter compared to 1.33 in the previous quarter. During the quarter, the company also amortised Rs 164 crore towards the payment made for the 3G license fee.

"I am pleased that investments in branding and networks continue to be our focus in India, as we enhance customer experience for voice quality and cater to the ever increasing demand for data. These investments are resulting in healthy growth of Mobile revenues," said Bharti Airtel chairman and managing director Sunil Bharti Mittal

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BGR Energy Q3 PAT down 37% at Rs 55 cr

2012-02-09T19:46:00.000+05:30

BGR Energy has reported a profit after tax of Rs 55 crore in the October-December quarter of FY12, a fall of 37% as compared to Rs 87 crore in a year ago quarter.

Total income fell 36% to Rs 804 crore from Rs 1,257 crore year-on-year.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 58 crore and total income of Rs 983 crore.

Expenditure went up 2% to Rs 676 crore from Rs 665 crore year-on-year.

EBITDA was down 11% at Rs 131 crore in the December ended quarter of FY12 versus Rs 147 crore in the corresponding quarter of last fiscal.

Operating profit margin improved at 16.34% versus 11.71%.

Segment Performance

- Revenues from capital goods division rose 19% to Rs 75 crore and EBIT was up 83% at Rs 9 crore

- Construction & EPC contracts revenues went down 39% at Rs 727 crore and EBIT too fell 15% to Rs 118 crore

The company secured EPC contracts worth Rs 1,698 crore in Q3FY12 for 2x300MW coal based thermal power project in Chattisgarh. Now, company's current order book stands at Rs 8000 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NHAI TAX FREE BONDS LISTING on 8-02-2012

2012-02-07T20:22:00.002+05:30

Please find below mentioned the details of the listing of NHAI Tax Free Bonds listing at BSE. The same will get listed at BSE and NSE.

Notice no: 20120207-5
Notice date: Tuesday, February 07, 2012

Listing of Tax free Secured Redeemable Non convertible Bonds of National Highways Authority of India of face value Rs. 1000 each.

Trading Members of the Exchange are hereby informed that the under mentioned securities of National Highways Authority of India are admitted to dealings on the Exchange with effect from Wednesday, February 8, 2012 in the list of "F GROUP".

Securities:

National Highways Authority of IndiaTax free Secured Redeemable Non
convertible Bonds of face value Rs. 1000 each.

Name of the Company/Authority

National Highways Authority of India

National Highways Authority of India

Name of the Series

Series 1 – 10 year Bond @ 8.20% p.a.

Series 2 – 15 year Bond @ 8.3% p.a.

Face/Paid-up value of Bonds (Rs. /Bond)

1,000

1,000

Issue Price of Bonds (Rs. /Bond)
1,000
1000

Scrip Code:

961727
961728

Scrip ID
820NHAI22
830NHAI27

Security Description
Debentures
Debentures

No. of Securities
6,71,69,762
3,28,30,238

Distinctive number
1 - 67169762
200000001- 232830238

ISIN
INE906B07CA1
INE906B07CB9

Abbrv. Name
820NHAI22
830NHAI27

Coupon (%)
8.2% p.a.
8.3% p.a.

Deemed Date of Allotment
25th January 2012
25th January 2012

Date of Allotment
25th January 2012
25th January 2012

Lock-In Upto
No lock-in
No lock-in

Put/Call Option (Buy Back Date)
Not Applicable
Not Applicable

Buyback Amt.
Not Applicable
Not Applicable

Buyback Intimation Period
Not Applicable
Not Applicable

Redemption/Maturity date
25th January 2022
25th January 2027

Tenor:

10 years
15 years

Maturity/Redemption Amt. per Bond (Rs.)
1,000
1,000

First Interest payment date
1st October each year
1st October each year

Credit Rating
CRISIL : Crisil AAA/Stable
FITCH : Fitch AAA(ind) with Stable Outlook

CARE : Care AAA

Market lot
1 Bond
1 Bond

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Dividend Declaration: HDFC Long Term Advantage Fund & HDFC Premier Multi-Cap Fund

2012-02-07T20:17:00.002+05:30

HDFC Trustee Company Limited, the Trustee to HDFC Mutual Fund has announced
dividends as under:

Name of the Scheme: HDFC Long Term Advantage Fund - Dividend Option*
Dividend amount: Rs. 4.00
per unit) #
NAV (per unit): Rs. 33.403
NAV as on 2nd February, 2012

Name of the Scheme: HDFC Premier Multi- Cap Fund - Dividend Option
Dividend amount: Rs. 1.50
per unit) #
NAV (per unit): Rs. 13.480
NAV as on 2nd February, 2012

Thanks,
Gaurav Agarwal
Head Dealer
DENIP COnsultants Pvt Ltd

Net FII Purchases & Sales during the Week 30th Jan 2012 to 3rd Feb 2012

2012-02-07T19:37:00.002+05:30

Net FII Purchases & Sales during the Week 30th Jan 2012 to 3rd Feb 2012

FII purchases during the week:

31/01/2012: 645.1
2//2/2012: 2134.9
1/2/2012: 2092.7

FII sales during the week:

30/01/2012: -79.6

FII were net buyer of Rs 4793.10 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance during the Week 30th Jan 2012 to 3rd Feb 2012

2012-02-07T19:34:00.002+05:30

Sectoral Performance during the Week 30th Jan 2012 to 3rd Feb 2012

MAJOR SECTORAL GAINERS:

REALTY: 4.80%
AUTO: 3.50%
IT: 3.30%
BANKING: 3.20%
OIL & GAS: 1.70%
FMCG: 1.40%
PSU: 1%

MAJOR SECTORAL LOSERS:

CAPITAL GOODS: -1%
CONSUMER DURABLE: -2.80%

MAJOR GAINERS IN NIFTY:

IDFC: 5.25%
JP ASSOCIATES: 3.10%
NTPC: 2.90%

MAJOR LOSERS IN NIFTY:

HINDALCO: -3.50%
R-COMM: -3.10%
JSPL: -3.00%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 30th Jan 2012 to 3rd Feb 2012

2012-02-07T19:31:00.001+05:30

Trend in Global Market during the Week 30th Jan 2012 to 3rd Feb 2012

DOW JONES: 1.60%
FTSE: 2.90%
DAX: 3.90%
CAC: 4.60%
BOVESPA: 3.70%
NIKKEI: -0.10%
SINGAPORE: 0.10%
SHANGHAI: 1.20%
SENSEX: 2.20%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 6th Feb 2012 to 10th Feb 2012

2012-02-07T19:28:00.001+05:30

Important US Economic Data Releases for the Week 6th Feb 2012 to 10th Feb 2012

Tuesday
Consumer Credit
Ben Bernanke Speak

Wednesday
EIA Petroleum Status Report

Thursday
Jobless Claims
Bloomberg Consumer Comfort Index
Wholesale Trade
EIA Natural Gas Report

Friday
International Trade
Consumer Sentiment
Ben Bernanke Speaks

Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Cadila Healthcare Q3 lags forecasts, shares fall

2012-02-07T19:27:00.002+05:30

Drugmaker Cadila Healthcare Ltd's quarterly net profit fell 8 percent despite substantial sales growth as interest and finance costs tripled due to the rupee's sharp losses.

The drugmaker, which makes generic molecules and manufactures drugs in partnership with global companies, said consolidated net profit fell to 1.49 billion rupees in October-December from 1.62 billion rupees a year earlier.

Interest and finance charges tripled to 593.5 million rupees as the rupee fell 7.7 percent versus the U.S. dollar in the fiscal third quarter ended December 31., it said.

Analysts estimated a profit of 1.61 billion rupees on sales of 13.31 billion rupees, according to Thomson Reuters I/B/E/S.

Sales rose 19 percent from a year earlier to 13.52 billion rupees buoyed by strong growth in the North American market.

"The sales numbers are slightly ahead of estimates," Siddhant Khandekar, analyst at ICICI Direct, said.

"...with the kind of product launches lined up, especially in the U.S., we see better sales growth for the company in future," he said.

ICICI Direct maintains a 'buy' rating for the stock, Khandekar said.

The company's North America sales, a key parameter for growth, rose 45 percent in December quarter from a year earlier.

Cadila's peer Lupin Ltd's branded formulations sales in North America grew 32.4 percent in December quarter, while Glenmark Pharmaceuticals reported a 56.3 percent growth in the region.

Cadila's India sales grew 18 percent, which lagged Lupin's business growth of 29.8 percent but ahead of Glenmark's performance of 11.3 percent in the same quarter.

Valued at $2.84 billion, shares in Cadila Healthcare fell 2.84 percent to 655.20 rupees by 0853 GMT.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

M&M Q3 net down higher-than-expected 10% at Rs 662 cr

2012-02-07T19:26:00.000+05:30

Utility vehicle maker Mahindra & Mahindra reported a higher-than-expected 10% decline in third quarter net profit at Rs 662 crore, which disappointed the street, sending its stock down more than 2% in afternoon trade.

In the year-ago quarter M&M had exceptional gains of Rs 118 crore from the sale of its holdings in Owens Corning India. Excluding the one-time gains, M&M's profit was up 7.3% from a year ago.

The maker of Bolero and Scorpio SUV and Yuvraj tractor reported net sales of Rs 8,387 crore, up 36% year-on-year in the October-December quarter.

Analysts on average had expected M&M to report a net profit of Rs 691 crore, on revenue of Rs 8,000 crore, according to a CNBC-TV18 poll.

The company's operating margin at 12.2% was also lower than analysts expectation of 12.6% in the third quarter. It had margin of 15.1% in the year ago quarter. M&M expects its margins will remain under pressure in the near-future.

A key reason for the margin pressure in the last quarter was "relentless" increase in material costs. Its raw material costs during the quarter rose 21% year-on-year to Rs 4,579.22 crore.

Utility vehicles as well as tractors, meanwhile, saw "good" volume growth in the third quarter, M&M said. Sales of passenger utility vehicles, for instance, rose 23% from a year ago to 51,702 units and it has now a market share of 57.8%.

The company also sold 62,342 tractors under the Mahindra and Swaraj brands, up 12% from a year ago. M&M has a market share of 43% among tractors.

Meanwhile, M&M said inflation, although still high, has started coming down and that has raised hopes of a decline in interest rates going ahead.

At 14:30 hrs, M&M shares were down 2.6% at Rs 691.75 on NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Ports Q3 PAT up 34% at Rs 311 cr

2012-02-07T19:24:00.000+05:30

Adani Ports and SEZ has reported a profit after tax of Rs 311 crore in the third quarter of FY12, a growth of 34% as compared to Rs 228 crore in a year ago quarter.

Total income rose 53% to Rs 691 crore from Rs 451 crore. Expenditure increased 43% to Rs 279 crore from Rs 195 crore year-on-year.

EBITDA too was up by 56% to Rs 481 crore from Rs 308 crore during the same period.

Operating profit margin improved at 69.71% in the October-December quarter of FY12 versus 68.42% in the corresponding quarter of last fiscal.

Operating expenses rose 29% to Rs 141 crore and depreciation cost went up 32% to Rs 70 crore.

Administration and other expenses increased 4.90 times to Rs 78 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

India Cements Q3 PAT up 2.6 times at Rs 56.3 cr

2012-02-07T19:23:00.002+05:30

India Cements ' profit after tax rose 2.6 times to Rs 56.3 crore in October-December quarter of FY12 from Rs 21.5 crore in a year ago quarter, led by higher cement prices on a YoY basis which have gone up by 17% plus in South India.

Even the low capacity utilizations, which have been hovering around the 70% mark, have managed to keep the cement prices stable on a QoQ basis as well.

The company has debt on its books in excess of Rs 2500 crore.

Net sales rose 21% to Rs 941.5 crore from Rs 780.99 crore year-on-year.

EBITDA shot up 54% to Rs 194.6 crore from Rs 126.3 crore during the same period. EBITDA margins improved at 20.7% versus 16.2%.

Power and fuel cost went up 15% to Rs 266.8 crore from Rs 232.5 crore. Interest cost was up by 84% to Rs 74.95 crore from Rs 40.7 crore (Included loss of Rs 13.8 crore on account of foreign exchange fluctuations).

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Spicejet posts Q3 loss at Rs 39 cr on high fuel cost

2012-02-07T19:23:00.001+05:30

High fuel prices and a weak rupee pushed SpiceJet into losses for the December quarter. The airline has posted a net loss of Rs 39.26 crore versus a Rs 94.44 crore profit which it posted in the year--ago period. Sales, however, grew 41% to Rs 1,175 crore on the back of high passenger load factors.

While the aviation turbine fuel cost rose around 90% to Rs 592.30 crore year-on-year, aircraft lease rentals also grew 51% to Rs 160 crore. The airline said that even its staff cost went up nearly 50% to Rs 112 crore, hurting profitability.

Typically, December quarter is the strongest in terms of business for airlines. The airline registered a 29% growth in its passenger volumes during the quarter(y-o-y) but predatory pricing hurt its margins.

Neil Mills, the airline's CEO said, "Our losses at PBT level fell by around Rs 200 crore but due to high taxes on fuel and a weak rupee, we reported losses." Mills further said that despite having good volumes, the airline did not have pricing power due to stiff competition.

Shares of the company rose 5% to Rs 25.30 post the result announcement.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dena Bank Q3 net up 20.65% at Rs 187 cr

2012-02-07T19:22:00.002+05:30

State-owned Dena Bank has reported a net profit of Rs 187 crore in the October-December quarter of FY12, a growth of 20.65% as compared to Rs 155 crore in a year ago quarter.

Net interest income rose 16% to Rs 541 crore from Rs 466.4 crore during the same period.

Other income increased to Rs 134 crore from Rs 127 crore year-on-year.

The bank made provisions of Rs 124 crore in the third quarter of FY12, a rise of 45% as compared to Rs 85 crore in a year ago quarter.

Capital adequacy ratio improved at 11.58% versus 11.08% year-on-year.

On quarter-on-quarter basis, gross non-performing assets (NPAs) declined at 1.85% versus 1.93% and even net NPAs dropped at 1.10% versus 1.15%.

Gross NPAs stood at Rs 885 crore versus Rs 830 crore and net NPAs at Rs 523 crore versus Rs 491 crore quarter-on-quarter.

At 14:25 hours IST, the share climbed 6.26% to Rs 78.10. Trading volumes increased 206% to 2,166,027 shares as against 5-day average of 707,413 shares.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Volumes, price hike help HUL Q3 net up 18% YoY

2012-02-07T19:22:00.001+05:30

Hindustan Unilever 's third quarter net profit rose 18% year-on-year to Rs 753.81 crore, helped by price hikes taken during the quarter and about 9% growth in volumes.

India's largest FMCG company reported net sales of Rs 5,853 crore, up 16.4% year-on-year in the three-month period.

Analysts on average were expecting HUL to report a net profit of Rs 710 crore on revenue of Rs 5,875 crore in October-December.

In the third quarter, HUL had restructuring costs of Rs 12.38 crore. IN the year-ago quarter it had restructuring costs of 85 lakh, profit on sale of properties of Rs 49.22 crore and Rs 15.92 crore profit on sale of long term trade investments.

R Sridhar, HUL's CFO told reporters that all the segments had delivered double digit growth although inflationary pressures were witnessed in the October-December quarter.

Growth in the quarter was driven by "judicious pricing" and cost management, he said.

HUL's operating margin in the third quarter was up 230 basis points year-on-year.

Raw material costs for the maker of Lux soap, Surf detergent and Bru coffee, in the quarter rose 21% to Rs 2,341.18 crore.

"We have delivered another strong quarter of competitive growth with improvement in margins. The results, delivered against a backdrop of an uncertain economic environment, are reflective of the strength of our brands, consistency in our strategy and relentless focus on execution. We will continue to manage our business dynamically to deliver competitive, profitable and sustainable growth," Chairman Harish Manwani said.

Among key segments, soaps & detergents sales rose near 21% year-on-year to Rs 2,645.97 crore. Personal products sales rose 14% from a year ago to Rs 1,886.17 crore in the third quarter.

HUL said beverage sales in the quarter rose 11.3% from a year ago to Rs 670.38 crore and packaged foods saw sales grow 13.5% to Rs 306.41 crore in Oct-Dec. Exports were also up 16% to Rs 337.50 crore.

However, sales from other division, which includes its PureIt water purifier and chemicals business fell 11.6% to Rs 98.21 crore.

Sridhar expects FMCG markets will grow going ahead but there are a mix of headwinds and tailwinds.

HUL shares rose over 1.5% post the earnings announcement. But the stock reversed its gains to close down 3.6% at Rs 387.05 on NSE on Monday.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Adani Power posts loss at Rs 358 cr in Q3

2012-02-07T19:21:00.000+05:30

Adani Power has reported a net loss of Rs 358 crore in the October-December quarter of FY12 as against a profit of Rs 109 crore in a year ago quarter.

In a press conference, the management says, Q3 earnings were hit by increase in coal cost.

The company posted a forex loss of Rs 205 crore during third quarter results.

Net sales rose 110.54% to Rs 1,059 crore from Rs 503 crore year-on-year.

Expenditure increased 2.71 times to Rs 1,004 crore from Rs 271 crore.

EBITDA was down by 24% to Rs 212 crore from Rs 278 crore year-on-year. Operating profit margin declined at 20.01% versus 55.32% during the same period.

Fuel costs went up 3.21 times to Rs 736 crore and interest costs rose 1.61 times to Rs 139 crore year-on-year. Depreciation cost has gone up 2.45 times to Rs 157 crore

Average plant load factor stood at 66% versus 85% year-on-year. Average realisation during the quarter was at Rs 3.51/kwh.

At 13:39 hours IST, the stock fell 1.2% to Rs 79.45. Trading volume increased 350% to 1,275,707 shares as against 5-day average of 284,408 shares.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

TTML Q3 loss rises to Rs 145 cr QoQ

2012-02-07T19:19:00.001+05:30

Tata Teleservices (Maharashtra) (TTML) has reported a net loss of Rs 145 crore in the October-December quarter of FY12, which was higher as compared loss of Rs 130 crore in the previous quarter.

Net sales increased marginally to Rs 624 crore from Rs 613 crore quarter-on-quarter.

Numbers were in line with analysts' expectations. CNBC-TV18 poll saw net loss of Rs 148 crore and net sales of Rs 622 crore during the quarter ended December FY12.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

PFC Q3 net profit up 68% at Rs 1,108 cr

2012-02-07T19:15:00.001+05:30

Power Finance Corporation (PFC) has reported a net profit of Rs 1,108 crore in the October-December quarter of FY12, a massive growth of 68% as compared to Rs 659 crore in a year ago quarter. Growth in bottomline was led by strong forex gain.

The company earned a forex gain of Rs 415 crore as against loss of Rs 28 crore.

Net sales too rose 24.4% to Rs 3,282 crore from Rs 2,576 crore year-on-year.

Board members of PFC have declared an interim dividend of Rs 5 a share.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUDCO - Reporting MIS as on 03-02-201

2012-02-04T19:13:00.003+05:30

Date : 2/3/12 9:03 PM

HOUSING AND URBAN DEVELOPMENT CORPORTION LIMITED-TAX FREE BOND ISSUE

Issue Opens On 27th.January.2012 / Fri
Issue Closes On 06th.February.2012 /Mon

Table 1: Funds raised as % to Total Issue Size (including Green Shoe Option
i.e. Rs. 4684.72 cr)

Total Issue Size (including GS): 46,847,200,000

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dividend Record Date - HDFC Long Term Advantage Fund and HDFC Premier Multi-Cap Fund

2012-02-04T16:02:00.002+05:30

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUDCO - collection figures as on 02-02-2012

2012-02-04T15:58:00.001+05:30

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRFC Collection Figures as on February 02, 2012(Closing Today)

2012-02-04T15:45:00.004+05:30

Please find below mentioned the collection figures of IRFC Tax Free Bond as on February 02, 2012.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dr Reddy's Q3 beats street; cons net jumps 88% YoY

2012-02-03T21:13:00.003+05:30

Dr Reddy's Laboratories reported a better-than-expected 88% year-on-year rise in third quarter consolidated net profit at Rs 513 crore, helped by new high margin generic drug launches in the US and foreign exchange gains due to rupee depreciation.

The pharma company's net sales for the October-December quarter were up 46% from a year ago to Rs 2,769.19 crore.

Dr Reddy's said both net profit and sales were highest ever quarterly sales.

Analysts on average had expected the company to report a net profit of Rs 425 crore on revenue of Rs 2,562 crore, according to a CNBC-TV18 poll.

"Gross profit margin 60% to revenues in Q3 increased largely on account of a favourable mix of high margin Olanzapine revenues and benefit of rupee depreciation," Dr Reddy's said on Friday.

Operating profit margins during the quarter was at 27.3%, sharply up from 15.5% a year ago.

The company had launched two new products in the US -- Olanzapine 20mg and Olanzapine ODT. Olanzapine is the generic version of Eli Lilly's Zyprexa, used to treat psychotic conditions such as schizophrenia and bipolar disorder.

The new drug launches helped Dr Reddy's more than double its North America generics revenue to Rs 1,111.4 crore. Its global revenue from generic drug sales rose 57% from a year ago to Rs 2,128.7 crore.

Volume growth in North America was also strong in the third quarter, helped by other key products like Lansoprazole, Tacrolimus and Omeprazole among others, Dr Reddy's said.

Among other markets, Europe generics revenue rose 14%, Russia and other CIS countries saw 15% growth and revenue from generic drugs sold in India was up 11%. Generics revenue from rest of the world rose 34%, Dr Reddy's said.

In India it launched 6 new generic drugs in the quarter.

That apart during the three-month period, the company had foreign exchange gains of Rs 28.5 crore, compared with a forex loss of Rs 4.5 crore in the year ago quarter.

Dr Reddy's has filed three abbreviated new drug applications (ANDA) in the third quarter. The company said it has 79 ANDAs pending approval from the US Food and Drugs Administration (FDA), of which 10 are first-to-file applications.

Dr Reddy's shares were trading at Rs 1,673.95, up 2.6% in late afternoon trading on NSE on Friday.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Rolta Q2 cons net up 5% at Rs 65 cr

2012-02-03T21:13:00.001+05:30

Rolta India , a solutions and services provider for geospatial & GIS, defense and homeland security and engineering sectors, has reported a consolidated net profit of Rs 65 crore in the second quarter of FY12, a growth of 4.8% as compared to Rs 62 crore in the previous quarter.

It posted a forex loss of Rs 13.4 crore versus loss of Rs 26 crore quarter-on-quarter.

Consolidated net sales went down 2.9% to Rs 472 crore in October-December quarter of FY12 from Rs 486 crore in an earlier quarter.

EBITDA increased to Rs 190 crore from Rs 178.96 crore QoQ. EBITDA too improved at 40.25% versus 36.8%.

Segmental performance QoQ

Revenues from enterprise geospatial and defense solutions fell 6.5% to Rs 243.1 crore from Rs 260.2 crore

Revenues from enterprise design and operation solutions came in flat at Rs 104.7 crore.

Enterprise IT solutions division's revenues rose 2% to Rs 123.8 crore from Rs 121.35 crore

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Thermax's Q3 net down 5% on high input cost

2012-02-03T21:12:00.003+05:30

Capital goods maker has Thermax reported a 5% decline in the December quarter profits to Rs 95 crore year-on-year due to high input cost. Sales marginally grew 2% to Rs 1,269 crore on the back of weak order inflows.

However, the company said that its year-to-date profit after tax grew 8% to Rs 277 crore and its operating revenue was also 16% higher at Rs 3,617 crore, year-on-year.

The company said in the nine-month ended December 2011, its operating revenues rose 25% to Rs 4,200 crore y-o-y due to the full impact of revenues from the Denmark-based Danstoker Group it acquired on November 2010.

The order backlog of the group is at Rs 5,809 crore, compared with Rs 7,154 crore last year.

Shares of the company were trading at Rs 493.50, down 2.42% at 9:15 hours.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Price hikes, volumes boost Marico Q3 cons net up 21% YoY

2012-02-03T21:12:00.001+05:30

Marico 's third quarter consolidated net profit rose 21% year-on-year to Rs 84.12 crore, helped by good growth in volumes and price hikes taken during the quarter to offset high input costs.

The fast moving consumer goods company's net sales during the quarter were up 29% at Rs 1,058 crore.

Analysts on average were expecting Marico to report a net profit of Rs 85 crore on revenue of Rs 994 crore, according to a CNBC-TV18 poll.

"The year witnessed steep inflation in prices of input materials...The company chose to pass on a part of the input cost increase to consumers," Marico said on Wednesday.

Cost of copra, which is a key input for coconut oil and accounts for 40% of Marico's raw material costs, was 4% higher than a year ago. Safflower and Rice Bran prices were up 28% and 33% respectively in the third quarter.

Marico's gross margin in the third quarter was at 25.2%, compared with 24.4% in the year ago quarter. PBDIT (profit before depreciation, interest, taxes) margin declined to 12.7% from 13.4%.

The company said margins were likely to remain under pressure as it may not see any easing of raw material costs in the short term. It has chosen to prioritise expansion of consumer franchise over expansion of margins to ensure long term growth and success, Marico said.

The company's total expenses rose 9% year-on-year to Rs 954.92 crore.

Meanwhile, the Mumbai-based company saw a 20% volume growth in the quarter. Volumes in consumer products business were up 16%, Parachute coconut oil volumes rose 13% and Saffola refined edible oil volumes were up 15%. It saw 20% volume growth in value added hair oils.

International Business

Marico's International Business Group, which includes businesses in Bangladesh, Middle East and North Africa (MENA), South Africa and South East Asia, clocked a revenue of Rs 267 crore in the third quarter, up 39% from a year ago.

The IBG sales growth was boosted by International Consumer Products in Vietnam, a firm Marico had acquired in February 2011. The company expects its international business will continue to grow in "healthy" double digits.

Marico said it will focus on growing the categories, where it has significant market share, such as coconut oil in Bangladesh and male grooming products in Vietnam and the MENA region. It will also explore other countries as targets for expansion in the long term.

Kaya Skin Clinic

The company's Kaya Skin Clinics business reported a revenue of Rs 75 crore in the October-December quarter, with a same-store sales growth of 15%.

Kaya had a loss of Rs 14.5 crore at the PBIT level in the third quarter, but Marico feels it is showing early signs of recovery having posted growth at the same-store level for the fifth consecutive quarter.

"We feel reasonably confident that the business is on its way to record sustainable profit during fiscal 2014, if not earlier" it said.

Marico said it will remain cautious in Kaya's expansion plans, but will continue to add clinics at strategic locations to drive growth.

Marico shares closed up 2.1% at Rs 153.25 on NSE on Thursday.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Corporation Bank Q3 net profit up 5% at Rs 402 cr

2012-02-03T21:11:00.000+05:30

State-owned Corporation Bank has reported a net profit of Rs 402 crore in the October-December quarter of FY12, a growth of 5% - in line with estimates - as compared to Rs 382.4 crore in a year ago quarter.

Net interest income went up 2.26% to Rs 861 crore - better than expected - from Rs 842 crore year-on-year.

CNBC-TV18 had expected profit after tax of Rs 403 crore and net interest income of Rs 816 crore.

Gross non-performing assets (NPAs) increased at 1.35% in the quarter ended December FY12 versus 1.32% in the previous quarter.

The bank made provisions of Rs 301 crore in the third quarter of FY12, a rise of 54% as compared to Rs 195 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Hexaware Q4 net doubles YoY; sees 20% sales growth in 2012

2012-02-03T21:10:00.000+05:30

Hexaware Technologies ' fourth quarter net profit more than doubled year-on-year to Rs 88.2 crore, helped by strong demand for outsourcing services and healthy bill rates, coupled with the rupee depreciation.

The software services exported reported revenue of Rs 431.9 crore, up 44% year-on-year.

On a sequential basis the net profit was up 36.3% sequentially, while revenue rose 18% from the July-September quarter.

"This has been a remarkably strong quarter on all fronts including 7.8% revenue growth in constant currency; 460 basis points expansion in EBIT margin, improved in operational metrics such as increased headcount, healthy bill rates and continued optimization of selling general and administration (SG&A) spend," said CEO and Vice Chairman PR Chandrasekar.

Hexaware said its average bill rate per hour for the fourth quarter was up sequentially to USD 73 for onsite services and "remained firm" at USD 23.

In US dollar terms, Hexaware's revenue in the fourth quarter was up 6.7% quarter-on-quarter to USD 84.1 million, better than its earlier guidance of USD 82.5 million, the company said on Thursday.

It has forward contracts worth USD 181.3 million at an average rate of Rs 48.30 and hedges worth 9.4 million euro at an average rate of Rs 69.61, maturing over the next 8 quarters.

Guidance:

Hexaware now expects revenue will increase minimum 20% year-on-year to at least USD 370 million in 2012. Revenue in the first quarter (January-March) is likely to be at least USD 87.5 million, up 4% sequentially, it said. Hexaware's guidance is at an exchange rate of Rs 49.27 to a US dollar.

Employee and client addition:

The company said it has been "steadily ramping up its delivery capability to cater to the demand uptake visible in the market place." It aims to add more than 1,500 employees this year. Its global headcount at the end of December 2011 was at 8,317. Fourth quarter attrition rate was 13.9%.

Hexaware added 15 clients in the fourth quarter, of which ten are based in the Americas and 5 in the Asia Pacific region. Americas accounted for 64.4% of its revenues, 28.7% revenue came from Europe and 6.9% from Asia Pacific.

Hexaware shares jumped more than 10% in morning trade on the company's strong earnings performance. At 10:00 hrs, Hexaware shares were at Rs 97.40, up 10.6% on NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Welspun Corp posts consolidated loss at Rs 70 cr in Q3

2012-02-01T18:35:00.003+05:30

Welspun Corp , a pipe manufacturer, has reported a consolidated loss of Rs 70 crore in the third quarter of FY12 as against profit of Rs 150 crore in a year ago quarter.

Consolidated net sales spiked 54% to Rs 2,450 crore versus Rs 1,590 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Mahindra Satyam Q3 net spikes 29% to Rs 308 cr

2012-02-01T18:35:00.001+05:30

Technology firm Mahindra Satyam has reported a much better than expected growth of 29.4% quarter-on-quarter in its consolidated net profit of Rs 308 crore in the October-December quarter of FY12.

The company earned forex gain of Rs 66.3 crore in the quarter ended December FY12 as against Rs 33.7 crore in an earlier quarter.

Consolidated revenues rose 8.9% to Rs 1,718 crore from Rs 1,577 crore quarter-on-quarter.

Mahindra Satyam said the rupee revenue growth was largely due to rupee depreciation.

CNBC-TV18 had expected net profit of Rs 220 crore and revenues of Rs 1,735 crore.

Attrition rate declined at 16% in the third quarter of FY12 versus 25% in the corresponding quarter of last fiscal.

EBITDA margins came in at 16.2% as against CNBC-TV18 poll of 15.3%. EBITDA margin was improved by 10% in one year.

The company has appointed advisors for merger with Tech Mahindra. Merger may possibly happen by October, says company.

A share closed up 3.81% at Rs 76.25 on the BSE. Its traded volume increased 109% to 3,228,348 shares versus 5-day average of 1,545,545 shares.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

UCO Bank Q3 PAT up 10% at Rs 332 cr

2012-02-01T18:34:00.004+05:30

UCO Bank has reported a profit after tax of Rs 332 crore in the third quarter of FY12, a growth of 10% as compared to Rs 301 crore in a year ago quarter.

Net interest income fell 2.7% to Rs 1,033 crore versus Rs 1,062 crore year-on-year.

The bank made provisions of Rs 420 crore in the October-December quarter of FY12, falling 8% year-on-year due to improvement in asset quality.

Other income increased to Rs 235 crore from Rs 214 crore during the same period.

On quarter-on-quarter basis, gross non-performing assets (NPAs) declined at 3.49% versus 3.64% and net NPAs too dropped at 2.04% versus 2.11.

Gross NPAs stood at Rs 3,695 crore in the quarter ended December FY12 versus Rs 3,542 crore and net NPAs were at Rs 2,131 crore versus Rs 2,022 crore quarter-on-quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Firstsource Solutions Q3 PAT falls 68% at Rs 6.85 cr

2012-02-01T18:34:00.003+05:30

Firstsource Solutions , a business process outsourcing company, has reported a profit after tax of Rs 6.85 crore in the October-December quarter of FY12, falling 68% as compared to Rs 21.45 crore in the previous quarter.

Profit after tax was lower due to loss on FCCB buyback at Rs 7.14 crore as against profit of Rs 38 lakh and lower other income at Rs 63 lakh versus Rs 5.1 crore.

Total income rose 8.2% to Rs 577 crore from Rs 533 crore quarter-on-quarter.

Earnings before interest and tax declined to Rs 20.1 crore from Rs 23.7 crore during the same period. EBIT too dropped at 3.48% versus 4.4% QoQ.

Q3 highlights

* Revenue growth was driven by ramps in the telecom segment and favorable currency, partially offset by softness in the BFSI collections segment

* Margins slipped sequentially driven by investments and cost of growth towards recently won large deals

* Total contract value worth USD 160 million won in the quarter.

FCCB position

* The company repurchased FCCBs worth USD 21.6 million during the quarter.

* Outstanding FCCBs post the repurchase stand at USD 169.8 million.

Attrition also high for the company (post 180 days):

* Offshore (India and Philippines) went up to 56.4% Q3 compared to 48.8% in Q2 FY12

* Onshore (US and Europe) fell to 37.7% compared to 40.9% in Q2 FY12

* Domestic (India and Sri Lanka) rose to 88.8% compared to 74.7% in Q2 FY12

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Subex posts profit at Rs 16.37 cr in Q3

2012-02-01T18:34:00.001+05:30

Subex has reported a profit of Rs 16.37 crore in the third quarter of FY12 as against loss of Rs 12.9 crore in the previous quarter, seeing nice turnaround due to lower MTM loss on FCCBs.

Adjusted PAT rose 28.6% to Rs 31.5 crore versus Rs 24.5 crore quarter-on-quarter. The company reported an exceptional loss of Rs 12.17 crore versus loss of Rs 37.8 crore due to mark-to-market loss on FCCBs.

Subex got fund raising approval of USD 135 million during October-December quarter.

Net sales increased to Rs 131.4 crore from Rs 128.1 crore quarter-on-quarter. EBITDA too moved up to Rs 44.4 crore from Rs 37.2 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

PTC India Q3 PAT drops 75% to Rs 9 cr on high interest cost

2012-02-01T18:32:00.000+05:30

PTC India has reported a profit after tax of Rs 9 crore in the third quarter of FY12, a massive fall of 75% as compared to Rs 38 crore in a year ago quarter due to fall in other income and increase in interest cost.

Other income declined 73% to Rs 4 crore while interest expenses increased 12 times to Rs 10 crore year-on-year.

Total income was down by 24% to Rs 1,330 crore from Rs 1,758 crore. EBITDA too fell 49% to Rs 21 crore from Rs 41 crore YoY.

Expenditure slipped 24% to Rs 1,310 crore versus Rs 1,718 crore during the same period. Operating profit margin dropped at 1.58% versus 2.34% year-on-year.

Decline in trading volumes possibly impacting top line growth

* Traded volumes impacted due to delayed payments from SEBs as a result of which PTC has stopped supplying power to some states

* Rising competitive intensity in India's power trading market will impact average trading margins

* Further, higher receivables possibly were bringing down profitability

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

FD FI List - February 2012.

2012-02-01T18:14:00.002+05:30

Please find below the FD FI List for February, 2012.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Public issue of IRFC/HUDCO Subscription Figures (31st January 2012)

2012-02-01T18:07:00.002+05:30

The collection figures for IRFC as on Tuesday 31st January, 2012

Please find the attached file contains today reporting MIS for the captioned company’s IPO – 31.01.2012 at 8.50 PM

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Equity P/E Fund - Dividend Trigger Option B (10%) Strikes Again

2012-02-01T18:02:00.002+05:30

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

FMP Details(As on 31st Jan 2012)

2012-02-01T17:28:00.001+05:30

FMP Details(As on 31st Jan 2012)

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRFC Tentative Subscription Figures (January 30 2012)

2012-02-01T17:22:00.002+05:30

IRFC Tentative Subscription Figures (January 30 2012)

The tentative collection figures for IRFC as on Monday, January 30, 2012

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Public Issue of SREI Infrastrucutre Finance Ltd

2012-02-01T17:19:00.001+05:30

Please note that SREI Infra Issue which was scheduled to close today has been extended by the Company till March 6, 2012. Please find below the Issue extension advertisement with reference to the same.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUDCO/IRFC- Reporting MIS Tax Free Bonds as on 30th January, 2012

2012-02-01T17:14:00.002+05:30

IRFC TAX FREE BONDS

RETAIL CATEGORY Rs. 1161 crs.

TARGET - Rs.1890 crs.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRFC Tax Free Bonds Oversubscription as on January 28, 2012

2012-02-01T17:03:00.001+05:30

IRFC Tax Free Bonds Oversubscription as on January 28, 2012

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

FEB Month FMP Calendar (12 month,18 month & 36 month)

2012-01-31T21:22:00.000+05:30

FEB Month FMP Calendar

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HUDCO/IRFC TAX FREE BONDS - Tentative Collection as on 28.01.2012

2012-01-31T21:19:00.001+05:30

IRFC TAX FREE BONDS as on 27th Jan 2012

CATEGORY - I - RS. 10608 CRORES (COLLECTED) Target(2835)
CATEGORY - III - RS. 2647 CRORES (COLLECTED) Target(1575)
CATEGORY - III - RS 850 CRORES (COLLECTED) Target(1890)

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Current Tax Free Bonds Issues

2012-01-31T21:17:00.000+05:30

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Dividend in Franklin India Taxshield

2012-01-31T21:13:00.002+05:30

Franklin Templeton declares the annual dividend in Franklin India Taxshield (FIT).

Launched in April 1999, the fund with its predominantly large cap focus has delivered good performance and is amongst the top ELSS products in the country. It manages over Rs.740 crore for over 2.28 lakh investors.

FIT is ideal for investors seeking capital appreciation and tax savings (Upto Rs.1 lakh investment under Sec 80 C). The details are:

Quantum : Rs.3.00 per unit

Record Date : February 3, 2012 (Friday)

Ex-dividend NAV Date : February 6, 2012 (Monday)

NAV of Div Plan as on 27th Jan 2012 : INR 29.4406

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Cnsultants Pvt Ltd

PNB Q3 net moderates 5.5% on higher provisions

2012-01-31T19:43:00.004+05:30

State-owned Punjab National Bank's (PNB) third quarter (October-December) net profit moderated 5.5% year-on-year to Rs 1,150 crore on the back of higher provisions against non-performing loans. The numbers were lower than the market expectation.

CNBC-TV18 poll saw profit after tax of Rs 1,262 crore and net interest income of Rs 3,510 crore.

The net interest income or the difference between interests earned and paid out rose more than 10% y-o-y to Rs 3,537 crore. Total loan book expanded by nearly 19% to Rs 2.63 lakh crore. Retail loans grew 20% y-o-y to Rs 26,000 crore.

The gross non-performing asset (NPA) ratio increased from 2.05% to 2.42% sequentially while the net NPA ratio too rose from 0.84% to 1.11% quarter-on-quarter.During the quarter, the bank's provisions against bad loans climbed more than 32% to Rs 946 crore as compared with Rs 714 crore a year back.

Total deposits increased more than 23% y-o-y to Rs 3.57 lakh crore while the current account and savings account (CASA) deposits, traditionally cheap source of funds for banks, crawled up 12% to Rs 1.26 lakh crore.

The share of CASA to total deposits contracted from 37.1% to 36.2% sequentially. This suggests, the bank continued to focus on term deposits offering higher rate of interests.

PNB's net profit for nine months rose 7% y-o-y to Rs 3,460 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Crompton Greaves Q3 net slips 67% to Rs 77 cr

2012-01-31T19:43:00.003+05:30

Transformer manufacturer Crompton Greaves has reported a net profit of Rs 77 crore in the third quarter of FY12, a massive fall of 67% as compared to Rs 233 crore in a year ago quarter.

But, net sales jumped 26.4% to Rs 3,030 crore from Rs 2,397 crore year-on-year.

Bottomline was less than analyst's expectations while topline was well above estimates; CNBC-TV18 poll saw profit after tax of Rs 140 crore and net sales of Rs 2,693 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Central Bank of India Q3 net falls 72% at Rs 113 cr

2012-01-31T19:43:00.001+05:30

State-owned Central Bank of India has reported a net profit of Rs 113 crore in the third quarter of FY12, degrowth of 72% as compared to Rs 404 crore in the corresponding quarter of last fiscal.

Net interest income too declined 11.56% to Rs 1,178 crore from Rs 1,332 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Muthoot Finance Q3 net up 62% at Rs 251 cr

2012-01-31T19:42:00.001+05:30

Muthoot Finance , India's largest gold loan company, has reported a net profit of Rs 251 crore in the third quarter of FY12, a massive growth of 62% as compared to Rs 155 crore in a year ago quarter.

Income from operations shot up 91% to Rs 1,226 crore in the October-December quarter of FY12 versus Rs 641 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Siemens disappoints, Q1 net profit falls 71% at Rs 71 cr

2012-01-31T19:40:00.004+05:30

Siemens has reported less than expected numbers in the October-December quarter of FY12. Its net profit fell 71% to Rs 71 crore from Rs 244 crore year-on-year.

Total income too declined 6.2% to Rs 2,381 crore in the first quarter of FY12 as against Rs 2,538 crore in a year ago quarter.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw net profit of Rs 199 crore and total income of Rs 2,803 crore.

Siemens said it had witnessed delays in financial closure of projects in the first quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

TVS Motor Q3 net profit up at Rs 56 cr

2012-01-31T19:40:00.003+05:30

Third largest two-wheeler maker TVS Motor has reported a net profit of Rs 56 crore in the October-December quarter of FY12, which slightly increased as compared to Rs 55.7 crore in a year ago quarter.

Net sales went up 7.6% to Rs 1,732 crore from Rs 1,610 crore year-on-year.

Both numbers were less than analysts' expectations. CNBC-TV18 poll saw a profit after tax of Rs 60.2 crore and revenues of Rs 1,750 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dabur Q3 cons net up 12% YoY at Rs 172.82 cr

2012-01-31T19:40:00.001+05:30

Dabur India 's third quarter consolidated net profit rose 12% from a year ago to Rs 172.82 crore, as good uptick in sales offset surge in expenses.

The FMCG company reported higher-than-expected 34.5% year-on-year rise in consolidated net sales at Rs 1,452.68 crore in the October-December quarter.

Analysts on average had expected Dabur India to report third quarter net profit of Rs 175 crore on revenue of Rs 1,380 crore, according to a CNBC-TV18 poll.

Dabur shares rose post the earnings announcement and were up 1.7% at Rs 94.05 on NSE in afternoon trade.

Dabur India had acquired US-based Namaste Laboratories LLC after the year ago third quarter and thus the two quarter were not comporable, the company said.

During the three-month period, Dabur India's total expenses surged 40% from a year ago to Rs 1,252 crore, due to higher input costs and a rise in advertising and publicity spends.

Its raw material costs were up 25% year-on-year to Rs 560.05 crore, while purchase of traded goods more than doubled to Rs 195.56 crore. Dabur also stepped up it's A&P spends by 47% to Rs 198.24 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICICI Bank beats estimates, Q3 net up 20% to Rs 1,728 cr

2012-01-31T19:39:00.000+05:30

India's largest private sector lender ICICI Bank 's third quarter (Oct-Dec) net profit rose to forecast-beating 20% year-on-year to Rs 1,728 crore on the back of robust loan growth. Net interest income or the difference between interests earned and paid out increased more than 17% y-o-y to Rs 2,712 crore.

"We are on the growth path," Chanda Kochhar, Managing Director and Chief Executive Officer, ICICI Bank said in a conference call.

"We have seen diversified growth in this quarter. Corporate loan book has grown well both on domestic and international fronts. It was mostly in the form of working capital loans. However, the retail rate of growth will be higher in the coming quarters. Residential housing projects are moving well."

CNBC-TV18 poll saw net profit at Rs 1,621 crore (13% up y-o-y) and net interest income of Rs 2,650 crore (up 15% y-o-y).

The bank's loan book expanded 19% y-o-y to around Rs 2.46 lakh crore in the three months period. In between April 1 and December 31, the lender has disbursed around Rs 30,000 crore loans to companies and individuals.

Currently, retail loans have higher share of 33% out of the entire loan book as against 26% in corporates, 28% in overseas business and 13% in SME and agriculture loans. ICICI Bank aims to attain 18% y-o-y credit growth for FY12.

During the quarter, the bank improved its asset quality with the gross non-performing asset (NPA) ratio stood at 3.82% compared with 4.14% a quarter back. The net NPA ratio too fell from 0.93% to 0.83% sequentially. Consequently, provisions declined by 27% y-o-y to Rs 341 crore.

"Apart from the ongoing restructuring plans we are not expecting any surprise either with NPAs or restructuring," said Kochhar adding that her bank would retain a net interest margin (NIM) of 2.7%. It has improved its NIM from 2.6% to 2.7% quarter-on-quarter.

The net restructured assets stood at Rs 3,070 crore. During the quarter, the lender restructured assets worth Rs 500 crore. Its power sector exposure stood around 7% of the total loan book (around Rs 17,200 crore). However, the bank did not disclose its credit exposure to GTL Infrastructure, the company which is negotiating debt restructuring with 25 lenders.

Due to the higher cost of deposits, the bank tried to access cheap source of funds by raising its share of current account and savings account (CASA) to total deposits. CASA ratio increased from 42.1% in Q2 to 43.6% in Q3. Total deposits grew nearly 20% y-o-y to Rs 2.61 lakh crore.

In ICICI Bank CASA offers 0-4% interest rates. This is much lower than the rates offered by their term deposit schemes.

"We are reducing our focus on wholesale deposits, which currently forms 35% of total deposits. It was 55% of total deposits two years back," Kochhar said.

For the nine months ended December 31, the bank posted a consolidated net profit of 29% to Rs 5,833 crore.

ICICI Bank shares on Tuesday shot up nearly 6% to close the day at Rs Rs 902 on the NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Glenmark Q3 PAT down 47% at Rs 46 cr

2012-01-31T19:38:00.000+05:30

Glenmark Pharma has reported a profit after tax of Rs 46 crore in the third quarter of FY12, a fall of 47% as compared to Rs 86.5 crore in a year ago quarter.

The company reported a forex loss of Rs 102 crore and licensing income of Rs 23.8 crore from Sanofi in the October-December quarter.

Revenues jumped 37.7% to Rs 1,031 crore from Rs 749 crore year-on-year.

EBITDA fell 23% to Rs 103 crore from Rs 134 crore and operating profit margin declined at 10% versus 18% YoY and 21.4% QoQ.

Revenue growth was driven by 11% in India, 56% in US, 58% in Europe and 48% in Latin America.

Margins contracted due to growth from lower margin regions despite adjustment. However, the company is in line to exceed guidance for FY12 - achieved 31% revenue growth for 9MFY12 s guidance of 25% growth.

On quarter-on-quarter basis, revenues fell 2.3% and EBITDA declined 54%; even PAT was down by 18%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Punjab and Sind Bank Q3 net down 33% at Rs 91 cr

2012-01-30T19:44:00.003+05:30

Punjab and Sind Bank has reported a net profit of Rs 91 crore in the third quarter of FY12, falling 33% as compared to Rs 135 crore in the corresponding quarter of last fiscal.

Net interest income too declined 3% to Rs 375 crore from Rs 386 crore year-on-year.

Gross non-performing assets (NPAs) increased at 1.28% versus 1.06% quarter-on-quarter. Gross NPAs stood at Rs 544 crore as against Rs 450 crore QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Havells Q3 net up 29% at Rs 78.9 cr

2012-01-30T19:44:00.001+05:30

Havells India has reported a net profit of Rs 78.9 crore in the third quarter of FY12, rising 29.3% as compared to Rs 61 crore in a year ago quarter.

Net sales jumped 24% to Rs 896 crore from Rs 722 crore year-on-year.

Numbers were better than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 69 crore and sales at Rs 866 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Phosphorous Q3 net up 155% at Rs 120 cr

2012-01-30T19:43:00.003+05:30

United Phosphorous has reported a net profit of Rs 120 crore in the third quarter of FY12, rising 155% as compared to Rs 47 crore in a year ago quarter.

There was an exceptional gain of Rs 54 crore in the October-December quarter.

Net sales went up 17.5% to Rs 873 crore versus Rs 743 crore year-on-year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

LIC Housing Q3 net up 43% aided by provision write back

2012-01-30T19:43:00.001+05:30

Aided by an one-off item of provisioning write-back, India's second largest mortgage lender LIC Housing Finance 's (LICHF) third quarter (Oct-Dec) net profit rose more than 43% year-on-year to Rs 306 crore. However, the net interest income (NII) or the difference between interests earned and paid out, fell 5% y-o-y to Rs 326 crore on slower loan disbursements to developers.

The company was making provisions on standard assets and non-performing assets in excess over National Housing Bank (NHB) norms. With revised NHB prudential norms, the company has reversed the excess provisions of around Rs 80 crore during the quarter, according to a release issued by LICHF.

The outstanding loan portfolio rose 27% y-o-y to Rs 58,707 crore. In the three months period ending December, the company reduced its credit exposure to real estate developers. Disbursements in the developer loan segment were Rs 154 crore compared with Rs 411 crore a year back.

"So far, we have provided around Rs 700 crore loans on this account. We aim to disburse Rs 3,000 crore developers loan in FY12. That will help align our net interest margin. We will retain our NIM in the range of 2.7-3% in FY12," V K Sharma, chief executive of LICHF told Moneycontrol.com.

However, the company expanded its book for individual loans. It disbursed around Rs 4,570 crore loans to home buyers as against Rs 4,215 crore, a rise of more than 8%.

The net interest margin (NIM) contracted from 2.45% to 2.27% sequentially. The gross non-performing asset ratio almost remained flat at 0.63% quarter-on-quarter suggesting that the company has maintained its asset quality.

NHB is the regulator for all housing finance companies. A loan account is termed non-performing asset when a borrower stops equated monthly installments for 90 days.

Standard asset means the asset in respect of which, no default in repayment of principal or payment of interest is perceived and which does not disclose any problem nor carry more than normal risk attached to the business.

Meanwhile, LICHF is looking to raise fresh funds to expand its business. The Life Insurance Corporation of India or LIC, the parent body of LICHF, according to Sharma, has given in-principal approval in this regard.

"The amount of fund raising is yet to be finalised. We will also decide the routue to mop up funds," he added.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Balrampur Chini disappoints in Q3, posts loss of Rs 64 cr

2012-01-30T19:42:00.002+05:30

Balrampur Chini , one of largest sugar manufacturing companies in India, has reported a net loss of Rs 64 crore in the October-December quarter of FY12 as against profit of Rs 23.4 crore in the corresponding quarter of last fiscal and loss of Rs 39.4 crore in the previous quarter.

Net sales jumped nearly 25% to Rs 662 crore versus Rs 530.6 crore year-on-year.

The company disappointed the street with its bottomline numbers while topline was quite better than expectations; CNBC-TV18 poll saw profit after tax of Rs 18 crore and sales of Rs 590 crore.

Consumption of raw material increased 58.5% to Rs 807 crore from Rs 509 crore year-on-year. The company made provision of Rs 92 crore post SC decision as a raw material cost.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Allahabad Bank Q3 net up 35% at Rs 560 cr

2012-01-30T19:42:00.001+05:30

Allahabad Bank has reported a net profit of Rs 560 crore in the third quarter of FY12, a massive jump of 34.6% as compared to Rs 416 crore in a year ago quarter.

Net interest income jumped 31.3% to Rs 1,381 crore from Rs 1,051.6 crore year-on-year.

Gross non-performing assets (NPAs) increased at 1.86% versus 1.77% quarter-on-quarter. Gross NPAs stood at Rs 1,887 crore in the October-December quarter of FY12 as against Rs 1,715 crore in previous quarter.

Allahabad Bank has made provisions of Rs 421 crore, more than 78% higher as compared to Rs 236 crore in a year ago quarter and 2% higher as against Rs 412 crore in the previous quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

OBC Q3 net profit down 13% at Rs 354 cr

2012-01-30T19:41:00.004+05:30

Public sector lender Oriental Bank of Commerce has reported a net profit of Rs 354 crore in the quarter ended December FY12, a fall of 13% as compared to Rs 408 crore in the corresponding quarter of last fiscal.

Net interest income went up 10.6% to Rs 1,139 crore from Rs 1,030 crore year-on-year.

Numbers were slightly better than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 334 crore and net interest income of Rs 1,061 crore.

Gross non-performing assets (NPAs) declined at 2.92% versus 2.95% quarter-on-quarter. The bank reported gross NPAs at Rs 3,232 crore as against Rs 3,111 crore QoQ.

Provisions nearly doubled to Rs 381 crore from Rs 192 crore year-on-year while reduced by 21% quarter-on-quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Indian Bank Q3 net up 7% at Rs 526 cr

2012-01-30T19:41:00.003+05:30

Public sector lender Indian Bank has reported a net profit of Rs 526 crore in the third quarter of FY12, rising over 7% as compared to Rs 491 crore in a year ago quarter.

Net interest income went up nearly 13% to Rs 1,170 crore from Rs 1,037 crore year-on-year.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw profit after tax of Rs 542.1 crore and net interest income of Rs 1,189 crore.

Gross non-performing assets (NPAs) increased at 1.35% versus 1.21% quarter-on-quarter.

The bank reported gross NPAs at Rs 1,190 crore versus Rs 1,047 crore and net NPAs at Rs 695 crore versus Rs 595 crore quarter-on-quarter.

Indian Bank made provisions of Rs 236 crore in the October-December quarter of FY12, which was much higher as compared to Rs 54 crore in the corresponding quarter of last fiscal and Rs 220 crore in an earlier quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sadbhav Engg Q3 net profit up 61.5% at Rs 42 cr

2012-01-30T19:41:00.001+05:30

Sadbhav Engineering has reported stellar performance in the October-December quarter of FY12. Its net profit jumped 61.5% to Rs 42 crore as against Rs 26 crore in a year ago quarter.

Income from operations moved up 52% to Rs 724 crore from Rs 476 crore year-on-year.

At 12:26 hours IST, the share was trading at Rs 135.20, up 5.71%.

Trading volumes jumped 805% to 98,743 shares as compared to its 5-day average of 10,913 shares. Market capitalisation stands at Rs 2,031.84 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bhushan Steel Q3 net profit down at Rs 277 cr

2012-01-30T19:37:00.000+05:30

Bhushan Steel has reported a net profit of Rs 277 crore in the third quarter of FY12 as against Rs 280 crore in a year ago quarter.

Net sales jumped 24% to Rs 2,407 crore in the quarter ended December FY12 versus Rs 1,943 crore in the corresponding quarter of last fiscal.

The company's board members approved raising up to Rs 700 crore via rights issue.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Net FII Purchases & Sales during the Week 23rd Jan 2012 to 27th Jan 2012

2012-01-30T19:19:00.002+05:30

Net FII Purchases & Sales during the Week 23rd Jan 2012 to 27th Jan 2012

FII purchases during the week:

23/01/2012: 997.3
24/01/2012: -12.8
25/01/2012: 909.1
27/01/2012: 1172.2

FII sales during the week:

24/01/2012: -12.8

FII were net buyer of Rs 3065.80 crore during the week.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sectoral Performance during the Week 23rd Jan 2012 to 27th Jan 2012

2012-01-30T18:54:00.002+05:30

Sectoral Performance during the Week 23rd Jan 2012 to 27th Jan 2012

MAJOR SECTORAL GAINERS:

CAPITAL GOODS: 5.60%
AUTO: 4.30%
IT: 4%
CONSUMER DURABLE: 3.40%
PSU: 2.50%
POWER: 2.10%
PHARMA: 1.50%
FMCG: 0.70%

MAJOR SECTORAL LOSERS:
No major sectoral losers. Only Realty sector closed with minor loss of -0.25%.

MAJOR GAINERS IN ‘A’ CATEGORY:

SUZLON: 25.20%
ESSAR OIL: 21.30%
EVEREST KANTO: 21%

MAJOR LOSERS IN ‘A’ CATEGORY

VIDEOCON IND: -7.50%
ALSTOM PROJECTS: -6.80%
ADANI ENTERPRISES: -6%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Trend in Global Market during the Week 23rd Jan 2012 to 27th Jan 2012

2012-01-30T18:51:00.003+05:30

Trend in Global Market during the Week 23rd Jan 2012 to 27th Jan 2012

DOW JONES: -0.50%
FTSE: 0.10%
DAX: 1.70%
CAC: -0.10%
BOVESPA: 1%
NIKKEI: 0.90%
SINGAPORE: 2.30%
HANG SENG: 1.90%
SENSEX: 3%

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Important US Economic Data Releases for the Week 30th Jan 2012 to 3rd Feb 2012

2012-01-30T18:49:00.001+05:30

Important US Economic Data Releases for the Week 30th Jan 2012 to 3rd Feb 2012

Monday
Personal Income and Outlays

Tuesday
Employment Cost Index
Chicago PMI
Consumer Confidence
State Street Investor Confidence Index
Farm Prices

Wednesday
Motor Vehicle Sales
ADP Employment Report
ISM Manufacturing Index
Construction Spending
EIA Petroleum Status Report

Thursday
Chain Store Sales
Jobless Claims
Productivity and Costs
Bloomberg Consumer Comfort Index
EIA Natural Gas Report

Friday
Employment Situation
Factory Orders
ISM Non Manufacturing Index

Source: www.sharetipsinfo.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bank of India Q3 net up 10%, says no more lending to SEBs

2012-01-28T13:41:00.004+05:30

Public sector lender Bank of India 's (BoI) third quarter (October-December) net profit rose nearly 10% year-on-year to Rs 716 crore on the back of lower provisioning due to improved asset quality. The numbers were better than the market expectations.

The net interest income (NII) or the difference between interests earned and paid up crawled up 4% y-o-y to Rs 2,067 crore. CNBC-TV18 had expected net profit of Rs 619 crore and NII of Rs 2,033 crore.

The bank's global (domestic + foreign) loan book expanded 21% y-o-y to around Rs 2.33 lakh crore while the domestic credit off-take saw rather a muted growth of just 8% at around Rs 1.63 lakh crore. The global net interest margin increased to 2.55% versus 2.44% a quarter back.

"We have revised our domestic credit growth target from 17% to 15.5%," Alok K Misra, Chairman and Managing Director, Bank of India told Moneycontrol.com.

"It was a conscious decision to grow slow on corporate credit compared to retail side. So far, our incremental credit growth (domestic) has been flat. We have replaced Rs 14,000 crore low yielding short term loans by high yielding mid corporates and retail credit. This has resulted into lower growth (between April 01 and Dec 31)," he said.

The Reserve Bank of India has revised the industry's credit growth projection from 18% to 16% in its December quarter monetary policy. In the three months period, the BoI's corporate book grew by 10% as compared with 15% rise in retail loans.

The lender's provisions (other than tax) and contingency fell 40% sequentially to Rs 693 crore. The gross non-performing asset (NPA) ratio improved from 3.02% to 2.74% quarter-on-quarter. The net NPA ratio too declined from 1.98% to 1.78%.

During the quarter, BoI has restructured assets worth Rs 2,233 crore wherein a single large corporate account accounted for two third of it. The bank said it has recognised loans given to Kingfisher Airlines as a non performing loans and GTL in restructured assets.

BoI's credit exposures to aviation and power sectors are Rs 4,000 crore and 12,900 crore respectively. According to N Seshadri, an executive director of the bank, it has stopped extending fresh credit to the troubled state electricity boards (SEBs). Out of total power sector loans, SEBs account for Rs 6,500 crore.

"Many SEBs including Tamil Nadu, Rajasthan, Delhi, Andhra and Hariyana have already hiked their tariff. In case of an increase in tariffs, they would not require any bank loan any more," said Seshadri.

Domestic deposits climbed more than 14% y-o-y to around Rs 2.44 lakh crore while global deposits shot up nearly 22% to Rs 3.07 lakh crore.

In the October-December quarter, the bank's international business grew at a much higher pace than its domestic segment. The foreign business spurted 67% y-o-y to Rs 1.33 lakh crore as against 11.50% rise in the domestic arena at Rs 4.08 lakh crore.

BoI shares on Friday closed at Rs 353, up 3% on the NSE.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NHPC Q3 net profit down 29.6% at Rs 212 cr

2012-01-28T13:41:00.003+05:30

NHPC , India's largest hydro power generation company, has posted a net profit of Rs 212 crore in the third quarter of FY12, a fall of 29.6% as compared to Rs 301 crore in the corresponding quarter of last fiscal.

Total income jumped 17.4% to Rs 882 crore from Rs 751 crore during the same period.

Other income too increased 22.3% to Rs 203 crore in the October-December quarter of FY12 versus Rs 166 crore in a year ago period.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NTPC Q3 net profit falls 10% to Rs 2,130 cr

2012-01-28T13:41:00.001+05:30

NTPC , country's largest power generation company, has reported a net profit of Rs 2,130 crore in the third quarter of FY12, a more than expected fall of 10.16% as compared to Rs 2,371 crore in a year ago quarter.

Net sales jumped 14.23% to Rs 15,330 crore from Rs 13,420 crore year-on-year.

Numbers were less than analysts' expectations; CNBC-TV18 poll saw a net profit of Rs 2,250 crore and net sales at Rs 15,698 crore.

Company will pay interim dividend of Rs 3.5 a share.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BHEL Q3 net up 2% at Rs 1433 cr

2012-01-28T13:40:00.002+05:30

State-owned Bharat Heavy Electricals (BHEL) has reported a net profit of Rs 1,433 crore in the quarter ended December FY12, a growth of 2.14% as compared to Rs 1,403 crore in a year ago period.

Total income of the company increased 19% to Rs 10,743 crore from Rs 9,023 crore year-on-year.

Bottomline and topline were in line with analysts' expectations; CNBC-TV18 poll saw net profit at Rs 1,427 crore and total income of Rs 10,793 crore.

EBITDA was almost flat at Rs 2,080 crore versus Rs 2,072 crore during the same period.

Margin declined at 19.37% in the quarter ended December FY12 versus 22.96% in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Petronet LNG Q3 net up 73% at Rs 295 cr

2012-01-28T13:40:00.001+05:30

Petronet LNG , India's largest importer of liquefied natural gas, has reported a net profit of Rs 295 crore in the third quarter of FY12, a massive growth of 72.72% as compared to Rs 170.8 crore in a year ago quarter.

Net sales jumped 74.5% to Rs 6,330 crore from Rs 3,627.6 crore year-on-year.

Numbers were better than analysts' expectations. CNBC-TV18 poll saw a profit after tax of Rs 265 crore and sales at Rs 6,070 crore.

But, operating profit margin declined at 7.9% in the October-December quarter of FY12 versus 9.52% in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Canara Bank Q3 net down 20.7% at Rs 876 cr

2012-01-28T13:39:00.000+05:30

State-owned Canara Bank has reported a net profit of Rs 876 crore in the third quarter of FY12, degrowth of 20.7% as compared to Rs 1,105 crore in a year ago quarter.

Net interest income too fell 9.5% to Rs 1,918 crore from Rs 2,119 crore during the same period.

Numbers were less than expectations; CNBC-TV18 had expected net profit of Rs 913 crore and net interest income of Rs 2,085 crore.

Gross non-performing assets (NPAs) increased at 1.81% in the quarter ended December FY12 versus 1.73% in the previous quarter. Gross NPAs stood at Rs 3,999 crore versus Rs 3,793 crore quarter-on-quarter.

Canara Bank made provisions of Rs 501 crore in the October-December quarter, rising 219% as compared to Rs 157 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sesa Goa Q3 PAT down 35% at Rs 691.5 cr

2012-01-28T13:37:00.001+05:30

Sesa Goa , a part of London listed Vedanta, has reported a profit after tax of Rs 691.5 crore in the third quarter of FY12, a massive fall of 35% as compared to Rs 1,065.3 crore in a year ago quarter.

Net profit included Rs 122 crore as income from Cairn India, in which it holds about 20% stake post acquisition.

Net sales shot up 16.3% to Rs 2,617 crore from Rs 2,250.10 crore during the same period.

Topline was higher than expected primarily due to the liquidation of inventory from both Goa and Karnataka and bottomline boasted by stake in Cairn.

EBITDA was down 26.7% to Rs 894.4 crore from Rs 1,220.1 crore year-on-year. EBITDA declined at 34.2% in the quarter ended December FY12 versus 54.2% in the corresponding quarter of last fiscal.

The company reported a loss on FCCB at Rs 178 crore as against gain of Rs 2 crore during the same period.

In Q2FY12, EBITDA was hit by foreign exchange loss booked on FCCB amounting to Rs 234 crore. Of the total debt, forex debt constitutes USD 400 million (FCCB USD 215 million)

Export duty tripled to Rs 448.5 crore from Rs 116.7 crore year-on-year.

Factors:

Realizations came in at USD 93/ tonne versus USD 84/tonne in Q2FY12

Sales Volume (YoY) - Boasted by inventory Liquidation:

-Iron ore sales were at 5.04 mt vs 4.78 mt

-Sold 0.64 mt of iron ore in Q3 via e-auctions in Karnataka

-Goa sales were at 4.40 mt vs 3.74 mt

Production down 29% (YoY):

- Production stood at 3.33 MT down by over 29 %

- Impacted by the (i) Mining ban in Karnataka (ii) Lapse of mining lease in Orissa

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRFC Tax Free Bonds Product Note

2012-01-25T18:55:00.005+05:30

Key Highlights
• A wholly owned Public Financial Institution, incorporated in 1986 by Ministry of
Railways.
• Highest credit rating of “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE and “Fitch
AAA (ind)” by FITCH.
• Listing on BSE and NSE.
• Tax Free Secured Redeemable NCD with coupon rate of 8.15% for 10 years and 8.30%
for 15 year for Retail Investors and 8% for 10 years and 8.10% for 15 years for Other
Investors.
• Investors, including NRI’s have the option of applying in the physical option, however
trading with only will be in demat form.
• Allocation of 45% in Category I, 25% in Category II and 30% in Category III.

Issue Size (Rs in Crs)
Tax Free Secured Redeemable Non-convertible Bonds aggregating Rs 3,000 Crores with an
option to retain an oversubscription upto the Shelf Limit (i.e. Rs 6300 Crores).

Issue Program*

Issue Opening Date- 27th January , 2012
Issue Closing Date – 10th February, 2012*
Deemed Date of Allotment - Deemed Date of Allotment shall be the date on which the Directors of the Company or any committee thereof approves the allotment of the Bonds for each Tranche Issue.

*The Issue shall remain open for subscription for a minimum of 3 days or such extended period upto a maximum period of 30 days from the date of opening of the Issue. In case of early closure, IRFC shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement/s in a leading national daily newspaper.

Terms of Issue

Company Profile
Indian Railway Finance Corporation Limited, a wholly owned Public Financial Institution was incorporated on 12th December, 1986 by the Ministry of Railways, for the purpose of raising the necessary resources for meeting the developmental needs of Indian Railways. IRFC began its operations after obtaining the certificate of Commencement of Business on 23rd December, 1986. The development of IRFC's business is dependant on the Ministry of Railways' strategy concerning the growth of Indian Railways. Its principal business is borrowing from the commercial markets to finance the acquisitions of the infrastructure assets which are then in turn leased to Indian Railways. IRFC is registered as a Non- Banking Finance Company fully owned by the Government of India under section 45 IA – with RBI, but IRFC does not need to comply with the Reserve Bank of India's regulatory requirements on asset classification, income recognition, provisioning, and prudential exposure norms, which restrict a non banking finance Company's maximum exposure to a sector or an entity.

Credit Rationale

Strengths
The ratings factor in IRFC’s sovereign ownership, its strategic importance for Ministry of Railways (MoR) as a sole arranger of lease finance and its stable earnings supported by a favorable lease agreement with MoR and low credit risk profile. The highest-credit-quality rating also factors in the adequate capitalization and comfortable liquidity profile of the corporation. IRFC is expected to maintain a dominant share in the MoR’s increasing requirement for funding rolling stock on the strength of its ability to mobilize funds at competitive rates driven by its quasi-sovereign franchise. The corporation is expected to report stable earnings in future on the strength of a favorable lease agreement with MoR, which provides it with a positive interest spread and protects it against liquidity, interest rate and exchange rate related risks.

Weakness
IRFC has average earnings profile. The Company’s profitability is, however, maintained by way of a mark-up over its borrowing cost. The outlook may be revised to ‘Negative’ if there is any reduction in its strategic importance to, or if there is any significant decline in support from, Government of India.

Financial Performance

Profit Details (Consolidated)

Allotments in case of oversubscription
In case of an oversubscription, allotments to the maximum extent, as possible, will be made on a first-come first-serve basis and thereafter on proportionate basis, i.e. full allotment of Bonds to the applicants on a first come first basis up to the date falling 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the applicants on the date of oversubscription (based on the date of submission of each application to the Bankers to the Issue, in each Portion).

Who Can Apply

Category I:

Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds;
Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest in the Bonds, Insurance companies registered with the IRDA;
National Investment Fund, Mutual Funds, Foreign Institutional Investors (including sub-accounts)
Companies; bodies corporate and societies registered under the applicable laws in India and authorised to invest in the Bonds, Public/private charitable/religious trusts which are authorised to invest in the Bonds, Scientific and/or industrial research organisation, which are authorised to invest in the Bonds;
Partnership firms in the name of the partners, Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009)

Category II:
The following investors applying for an amount aggregating to above Rs.5 lakhs across all
Series in each tranche

Resident Indian individuals;
Hindu Undivided Families through the Karta and
Non Resident Indians on repatriation as well as non-repatriation basis.

Category III*:
The following investors applying for an amount aggregating to upto and including Rs.5 lakhs across all Series in each tranche

Resident Indian individuals;
Hindu Undivided Families through the Karta and
Non Resident Indians on repatriation as well as non-repatriation basis.

Applications cannot be made by:

Minors without a guardian name;
Foreign nationals;
Persons resident outside India other than NRIs ;
Overseas Corporate Bodies

Interest on Application Money which is refunded
The Company will pay interest on application money which is liable to be refunded to the applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque (s)/demand draft(s) or 3 (three) days from the date of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 4% per annum. Such interest shall be paid along with the monies liable to be refunded.

Interest on application Money, which are used towards allotment of Bonds
The company shall pay interest on the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque (s)/demand draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate of 8% per annum. Such interest will be paid through direct credit of interest to the account of the applicants. Alternatively, the interest warrant will be dispatched along with the Letter(s) of Allotment at the sole risk of the Applicant, to the sole/first Applicant.

Taxation
Under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a listed Bond is treated as a long term capital asset if the same is held for more than 12 months immediately preceding the date of its transfer.
Under section 112 of the I.T. Act, capital gains arising on the transfer of long term capital assets being listed securities are subject to tax at the rate of 20% of capital gains calculated after reducing indexed cost of acquisition or 10% of capital gains without indexation of the cost of acquisition. The capital gains will be computed by deducting expenditure incurred in connection with such transfer and cost of acquisition/indexed cost of acquisition of the bonds from the sale consideration.

Tax Benefits
These bonds carry a tax free status as per Notification No. 52/2011 F.No. 178/56/2011-(ITA.I) issued by Government of India, Ministry of Finance, Department of Revenue, (Central Board of Direct Taxes) on 23rd September, 2011. The same is published in the Gazette of India, Extraordinary, Part II, Section 3, Sub section (ii). The interest on application money will taxed as per the prevailing income tax rates. However the bond holders are advised to also consult their own tax advisor on the tax implications of the ownership and sale of bonds, and income arising thereof. Further, the benefit under Section 10(15)(iv)(h) of the Income Tax Act, 1961 (43 of 1961), shall be available only to Bondholder(s) who have registered their name(s) and holdings with IRFC.

Disclaimer

This document has been prepared for your information only. In rendering this information, we assumed and relied upon, without independent verification, the accuracy and completeness of all information that was publicly available to us. The information has been obtained from the sources we believe to be reliable as to the accuracy or completeness. This should not be construed as an offer to sell or buy the securities and the information contained herein is meant for the recipient only and is not for public distribution. This information is given in good faith and we make no representations or warranties, express or implied as to the accuracy or completeness of the information and shall have no liability to you or your representatives resulting from use of this information. We shall not be liable for any direct or indirect losses arising from the use thereof and accept no responsibility for statements made otherwise issued or any other source of information received by you and you would be doing so at your own risk. The investment as mentioned in the document may not be suitable for all investors. Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors,
as they believe necessary. For Risk Factor, please refer to the Draft Shelf Prospectus issued
by the company dated 10th January, 2012.

For further details please contact us on the below mentioned numbers:

022 - 40156688 / 40156690 / 40156692

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

FD FI List - January 2012 - New File

2012-01-25T18:40:00.002+05:30

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Global Q3 cons net falls 11%

2012-01-25T18:38:00.001+05:30

Tata Global Beverages ' consolidated net profit for the third quarter fell 11% year-on-year to Rs 64.06 crore, hurt by exceptional losses and volatile coffee prices, apart from increased ad spends.

The maker of Tetley Tea reported net sales of Rs 1,793.20 crore, up 12% from a year ago.

Sales rose on the back of improved performance in most major markets and price hikes taken in some countries, Tata Global Beverages said.

While tea prices have been quite stable, volatile coffee prices hurt operations, especially in the US, where the company owns the Eight O'Clock Coffee Co., said MD Percy Siganporia.

"In the US, higher trade spends to gain volumes and significantly higher green coffee prices eroded margins," he said in a interaction with reporters.

The company's total raw material costs in third quarter were Rs 698.29 crore versus Rs 615.86 crore in the year ago quarter. Advertising and sales costs were also sharply higher at Rs 340.62 crore, compared with Rs 278.59 crore a year ago.

That apart, Tata Global Beverages also had exceptional loss of Rs 16.03 crore, related to redundancy costs incurred on business restucturing and costs incurred on new initiatives and projects.

Meanwhile the company has hired consulting firm AT Kearney to execute a cost saving exercise across the group in the current uncertain economic conditions. As a part of this, Tata Global will focus only on relevant and fast selling products like black tea and green tea in UK, while niche brands will take a backseat for now.

In India the company has phased out the tea based beverage T!ON, which it had launched in Tamil Nadu.

Siganporia said all of its core tea brands in India had shown strong growth in the quarter. Tata Tea is No 1 in India with a volume market share of 19.5% and value market share of 21.3% in December, Siganporia said, citing AC Nielsen figures.

The company gets a majority of its revenue from its global operations and is hungry for more. Siganporia said the company was open to acquisitions and US and Russia would be key regions for buyouts going ahead.

"We see exciting opportunities in the beverage space in US and Russia," he said.

Shares of the beverage maker ended today's trade up 2.14% at Rs 95 a piece.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

REC Q3 net up 16% at Rs 770 cr

2012-01-25T18:36:00.006+05:30

Rural Electrification Corporation (REC) has reported a net profit of Rs 770 crore in the quarter ended December FY12, a growth of 16% as compared to Rs 664 crore in the corresponding quarter of last fiscal.

Net sales jumped 27% to Rs 2,650 crore versus Rs 2,086 crore year-on-year.

REC's board members approved interim dividend of Rs 5/share.

At 15:28 hours IST, the share was quoting at Rs 202, up 6.82% over previous closing price.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IRB Infra Q3 cons net profit down at Rs 131 cr

2012-01-25T18:36:00.005+05:30

IRB Infrastructure has reported a consolidated net profit of Rs 131 crore in the third quarter of FY12 as against Rs 133 crore in a year ago quarter.

Consolidated income from operations climbed 11% to Rs 745 crore from Rs 669 crore during the same period.

Other income jumped 183% to Rs 34 crore in the quarter ended December FY12 versus Rs 12 crore in the corresponding quarter of last fiscal.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd