Hero Honda Q3 net profit down 20% at Rs 429 cr

Country's largest two-wheeler maker Hero Honda has reported net profit of Rs 429 crore for the quarter ended December 2010, degrowth of 20% as compared to Rs 535 crore in same period the previous year.

However, net sales showed solid performance - jumped by 34.2% to Rs 5,118 crore in third quarter results of FY11 as against Rs 3,814 in Q3FY10.

Numbers were below market estimates - CNBC-TV18 expected net profit at Rs 563 crore and net sales of Rs 5,036 crore.

October-December quarter numbers included exceptional expense of Rs 80 crore. Margin declined significantly at 11.2% versus 17.2% (YoY).

In a press conference, the management said margins would remain under pressure in short-term.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Gujarat Ambuja Exports Q3 PAT up 173% at Rs 28.7 cr

Gujarat Ambuja Exports Q3 revenue was up 47.6% at Rs 649.7 crore versus Rs 440.2 crore, YoY. Its PAT was up 173.3% at Rs 28.7 crore versus 10.5 crore, YoY.

The company's EBITDA margin was at 7.3% versus 5.9%, YoY.

The company's consumption of raw material was up 52.2% at Rs 503.5 crore versus Rs 330.9 crore, YoY.

Source: http://www.moneycontrol.com/

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bharti Airtel Q3 net profit down 22% at Rs 1303 cr

India's largest telecom operator Bharti Airtel has reported consolidated net profit of Rs 1,303 crore for the quarter ended December 2010, down 21.55% as compared to Rs 1,661 crore in previous quarter, on hike in interest cost. It was below the estimate - CNBC-TV18 expected net profit of Rs 1,635 crore.

Consolidated net sales went up by 3.6% to Rs 15,756 crore from Rs 15,215 on quarter-on-quarter basis.

Interest cost of the company stood at Rs 747 crore for the third quarter of FY11.

Consolidated revenue from Africa region reported at USD 911 million, up 8.7% as compared to USD 838 million in previous quarter.

Africa earning before interest, depreciation, tax and amortisation (EBIDTA) margin improved at 25.1% versus 24% (QoQ).

India and South Asia EBIDTA margin was unchanged at 37.3% (QoQ). EBIDTA margin improved slightly at 33.8% versus 33.7%.

The company's standalone net profit went down by 12.02% at Rs 1847.8 crore from Rs 2,100.3 crore while revenues increased by 2.84% at Rs 9,563.7 crore from Rs 9,299.9 crore on quarter-on-quarter basis.

Average revenue per user (ARPU) stood at Rs 198 and minutes of usage (MoU) came in at 449 minutes.

Rebranding cost incurred by company at Rs 340 crore and restatement losses at Rs 400 crore. Spectrum charges were up by Rs 80 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

NMDC Q3 net profit up 81% at Rs 1,518 cr

NMDC Q3 net profit was up 81% at Rs 1,518 crore versus Rs 837 crore, year-on-year, YoY.

Its net sales were up 65% at Rs 2,621 crore versus Rs 1,588 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Markets Today - 02/02/2011 - Disclaimer Post Applies

Consecutive sixth trading session for high volatility and positive close with gain of 14.8 points or 0.3% to 5,432. On options front, overall fresh addition of open interest in call options was 2x to put options indicating weakness in the market to be continue. Major fresh addition of open interest was seen at 5,700 and 5,500 of 8.3 and 6.6 lacs respectively. However, fresh put addition was seen at 5,400 and 5,300. We expect market to take strong support at 5,400 on back of put concentration of 82 lacs or PCR at 3x., However, we also do not except any major upside in the market because of call open interest at 5,500 to 5,700 strike price for consecutive fourth trading sessions. The strategy to be adopted by an trader would be to initiate fresh Buy at current levels and sell at every rise.   

India VIX (Inverse relationship between Nifty and Indian VIX)

·         Volatility for 2^nd February, 2011 close at 23.5 which is 0.9% lower as compared to previous close, after touching an intraday high of 23.7 and low of 21.7

Results to be announced on 3rd Feb 2011

Source: www.bseindia.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dividend in BSL Frontline Equity Fund, BSL Advantage Fund & BSL Basic Industries Fund

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Markets Today - 01/02/2011 - Disclaimer Post Applies

Consecutive fifth trading session for high volatility and negative close with loss of 88.7 points or 1.6% to 5,417. On options front, overall fresh addition of open interest in call options was 9x to put options indicating further weakness in the market. Major fresh addition of open interest was seen at 5,500 and 5,400 of 27 and 13 lacs respectively. However, fresh addition was seen at 5,400 and 5,300. We expect market to take strong support at 5,400 on back of put concentration of 80 lacs or PCR at 4x., However, we also do not except any major upside in the market because of call open interest at 5,500 to 5,700 strike price for consecutive third trading sessions. The strategy to be adopted by an trader would be to initiate fresh Buy at current levels and sell at every rise.   

India VIX (Inverse relationship between Nifty and Indian VIX)

·         Volatility for 1^st February, 2011 close at 23.7 which is 1.4% higher as compared to previous close, after touching an intraday high of 24.7 and low of 21.7

Results to be announced on 2nd Feb 2011

Source: www.bseindia.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

Radico Khaitan Q3 net profit at Rs 20.4cr

Radico Khaitan Q3 net profit was up at Rs 20.4 crore versus Rs 11.5 crore, year-on-year, YoY.

Its net sales were up at Rs 268 crore versus Rs 229 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd