Info Edge has reported first quarter FY12 net profit to Rs 25.6 crore against Rs 26.9 crore in the previous quarter.
Net sales went up over 6% to Rs 86.7 crore from Rs 81.5 crore quarter-on-quarter.
Source: www.moneycontrol.com
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Friday, July 22, 2011
Noida Toll Bridge Q1 net up 13% at Rs 11.4 cr (YoY)
Noida Toll Bridge has reported nearly 13% rise in first quarter FY12 net profit to Rs 11.4 crore against Rs 10.1 crore in the year ago period.
Net sales were flat at Rs 21.2 crore against Rs 21.1 crore year-on-year
Source: www.moneycontrol.com
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Net sales were flat at Rs 21.2 crore against Rs 21.1 crore year-on-year
Source: www.moneycontrol.com
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Gaurav Agarwal
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DENIP Consultants Pvt Ltd
Strong sales power Hero Honda Q1 net up over 13% yoy
Hero Honda Motors' first quarter net profit rose 13.5% from a year ago to Rs 557.89 crore, boosted by strong growth in sales volumes. Revenue of India’s largest two-wheeler maker accelerated 32% year-on-year to Rs 5,683.33 crore.
Hero Honda’s sales volumes were up 24% in April-June. It sold 15.3 lakh two-wheelers in three-month period, highest sales for any quarter.
The results were almost in-line with analysts estimates. A CNBC-TV18 poll had expected net profit at Rs 543 crore on revenue of Rs 5,660 crore.
Hero Honda shares rose over 1.7% at Rs 1,786.90 on NSE in afternoon trade after the company saw profits rise after four quarters of decline.
Hero Honda said it sold over five lakh two-wheelers in each month of the first quarter, thus demonstrating its sustained top-line performance and further strengthening its market leadership.
"Our Q1 performance has set the outlook for coming quarters, and we are confident of achieving our initial guidance for FY12 to sell over six million units," said managing director and chief executive officer Pawan Munjal.
This strong growth in sales helped offset pressure from rising commodity costs and a surge in depreciation costs. Hero Honda’s raw material costs surged 37.5% year-on-year to over Rs 4,241 crore in the quarter. Depreciation costs in the first quarter were up almost five fold to Rs 239.8 crore.
Munjal said the company’s strategic initiatives of developing new brand identity post breakup with Japan’s Honda Motor, exploring international opportunities, enhancing research and development capabilities and finalizing its fourth plant were pacing ahead.
However, the thrust presently was to maintain operational excellence amid volatile cost of commodities like steel, aluminium and rubber, he added.
Last December, the Hero Group and Honda had agreed to end their 26-year-old joint venture, with the Indian partner agreeing to buy out Honda’s 26% stake in Hero Honda.
Munjal said Hero Honda will now explore markets to grow around the world, especially in Latin America, Africa and South East Asia.
It also plans to "aggressively" expand distribution network in India and will cross 5,000 customer touch points by end of this year.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Hero Honda’s sales volumes were up 24% in April-June. It sold 15.3 lakh two-wheelers in three-month period, highest sales for any quarter.
The results were almost in-line with analysts estimates. A CNBC-TV18 poll had expected net profit at Rs 543 crore on revenue of Rs 5,660 crore.
Hero Honda shares rose over 1.7% at Rs 1,786.90 on NSE in afternoon trade after the company saw profits rise after four quarters of decline.
Hero Honda said it sold over five lakh two-wheelers in each month of the first quarter, thus demonstrating its sustained top-line performance and further strengthening its market leadership.
"Our Q1 performance has set the outlook for coming quarters, and we are confident of achieving our initial guidance for FY12 to sell over six million units," said managing director and chief executive officer Pawan Munjal.
This strong growth in sales helped offset pressure from rising commodity costs and a surge in depreciation costs. Hero Honda’s raw material costs surged 37.5% year-on-year to over Rs 4,241 crore in the quarter. Depreciation costs in the first quarter were up almost five fold to Rs 239.8 crore.
Munjal said the company’s strategic initiatives of developing new brand identity post breakup with Japan’s Honda Motor, exploring international opportunities, enhancing research and development capabilities and finalizing its fourth plant were pacing ahead.
However, the thrust presently was to maintain operational excellence amid volatile cost of commodities like steel, aluminium and rubber, he added.
Last December, the Hero Group and Honda had agreed to end their 26-year-old joint venture, with the Indian partner agreeing to buy out Honda’s 26% stake in Hero Honda.
Munjal said Hero Honda will now explore markets to grow around the world, especially in Latin America, Africa and South East Asia.
It also plans to "aggressively" expand distribution network in India and will cross 5,000 customer touch points by end of this year.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
JSW Energy Q1 cons net profit down 54.5% at Rs 136 cr
JSW Energy has reported more than 54.5% fall in the first quarter FY12 consolidated net profit to Rs 136 crore against Rs 299 crore in the year ago period.
However, total income shot up 36.5% to Rs 1,272.4 crore from Rs 932 crore year-on-year.
Source: www.moneycontrol.com
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However, total income shot up 36.5% to Rs 1,272.4 crore from Rs 932 crore year-on-year.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Hindustan Zinc Q1 net profit up 68% to Rs 1,495 cr
Hindustan Zinc, a subsidiary of Vedanta Group, has reported nearly 68% jump in its first quarter FY12 net profit to Rs 1,495 crore against Rs 891 crore in the year ago period.
Net sales increased about 45% to Rs 2,821 crore from Rs 1,951 crore year-on-year.
Other income shot up 125% to Rs 355 crore in the quarter ended June 2011 against Rs 158 crore in same quarter the previous year.
EBITDA margin too improved to 56.5% versus 52.4% year-on-year.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Net sales increased about 45% to Rs 2,821 crore from Rs 1,951 crore year-on-year.
Other income shot up 125% to Rs 355 crore in the quarter ended June 2011 against Rs 158 crore in same quarter the previous year.
EBITDA margin too improved to 56.5% versus 52.4% year-on-year.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Zensar Tech Q1 cons net profit down 29% at Rs 27 cr
Zensar Technologies has reported about 29% jump in its first quarter FY12 consolidated net profit to Rs 27 crore against Rs 37.8 crore in the previous quarter.
Consolidated net sales went up nearly 7% to Rs 399 crore from Rs 374 crore quarter-on-quarter.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Consolidated net sales went up nearly 7% to Rs 399 crore from Rs 374 crore quarter-on-quarter.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Yes Bank Q1 net profit up 38% at Rs 216 cr (YoY)
Yes Bank has reported more than 38% rise in its first quarter FY12 net profit to Rs 216 crore against Rs 156.4 crore in the year ago period.
Net interest income jumped over 35% to Rs 354 crore from Rs 262 crore year-on-year.
Net interest margins in the quarter ended June 2011 stood at 2.8%.
Gross non-performing assets (NPAs) too improved to 0.17% against 0.23% in the year ago period. Even net NPAs declined at 0.01% from 0.04% year-on-year.
Capital adequacy ratio in June quarter came in at 16.2%.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Net interest income jumped over 35% to Rs 354 crore from Rs 262 crore year-on-year.
Net interest margins in the quarter ended June 2011 stood at 2.8%.
Gross non-performing assets (NPAs) too improved to 0.17% against 0.23% in the year ago period. Even net NPAs declined at 0.01% from 0.04% year-on-year.
Capital adequacy ratio in June quarter came in at 16.2%.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Zee Entertainment Q1 consol net falls on high expenses
Zee Entertainment Enterprises’ missed analysts expectations as slow advertising sales and higher expenses dragged first quarter consolidated net profit down 13.3% from a year ago to Rs 130.16 crore.
The television broadcaster’s total revenue was up 3.1% year-on-year to Rs 698.3 crore as growth in subscription revenue offset some of the pressures from slow ad sales and a sharp drop in other sales and services.
Analysts on average had expected Zee Entertainment’s April-June net profit at Rs 143 crore on revenue of 752 crore.
While EBITDA fell 16.6% year-on-year to Rs 156 crore, operating profit margin in the quarter was at 22.3%.
Total expenditure in the first quarter was up 10.7% to Rs 542.3 crore.
"While Indian economy continues to grow at a healthy pace, high inflation and the resultant tight money policy of RBI has led to some degree of slowdown. Television industry continues to grow its subscriber base, though advertising spends have been impacted," said Chairman Subhash Chandra.
Zee Entertainment’s first quarter advertising revenue rose 0.5% year-on-year to Rs 378.74 crore. On a sequential basis, the advertising revenue was down 20%.
Punit Goenka, Zee Entertainment’s managing director said the environment for ad spends "has been weak" and the change of pace was "quite fast."
The company’s subscription revenue rose 16.7% year-on-year to Rs 305.1 crore, which included a 55.9% jump in revenue from domestic DTH (direct-to-home) operators. Subscription revenue from domestic cable operators rose 8.4%, while that from international operations were down 3.5%.
Revenue from other sales and services, which includes syndication sales, transmission services and commission on advertisement and subscription sales, slipped 62.5% from a year ago to Rs 14.5 crore.
Zee Entertainment shares were up 0.6% at Rs 125.30 in noon trade on NSE.
Source: www.moneycontrol.com
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Gaurav Agarwal
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DENIP Consultants Pvt Ltd
The television broadcaster’s total revenue was up 3.1% year-on-year to Rs 698.3 crore as growth in subscription revenue offset some of the pressures from slow ad sales and a sharp drop in other sales and services.
Analysts on average had expected Zee Entertainment’s April-June net profit at Rs 143 crore on revenue of 752 crore.
While EBITDA fell 16.6% year-on-year to Rs 156 crore, operating profit margin in the quarter was at 22.3%.
Total expenditure in the first quarter was up 10.7% to Rs 542.3 crore.
"While Indian economy continues to grow at a healthy pace, high inflation and the resultant tight money policy of RBI has led to some degree of slowdown. Television industry continues to grow its subscriber base, though advertising spends have been impacted," said Chairman Subhash Chandra.
Zee Entertainment’s first quarter advertising revenue rose 0.5% year-on-year to Rs 378.74 crore. On a sequential basis, the advertising revenue was down 20%.
Punit Goenka, Zee Entertainment’s managing director said the environment for ad spends "has been weak" and the change of pace was "quite fast."
The company’s subscription revenue rose 16.7% year-on-year to Rs 305.1 crore, which included a 55.9% jump in revenue from domestic DTH (direct-to-home) operators. Subscription revenue from domestic cable operators rose 8.4%, while that from international operations were down 3.5%.
Revenue from other sales and services, which includes syndication sales, transmission services and commission on advertisement and subscription sales, slipped 62.5% from a year ago to Rs 14.5 crore.
Zee Entertainment shares were up 0.6% at Rs 125.30 in noon trade on NSE.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Indiabulls Financial Q1 cons net up 68% at Rs 219.5 cr
Indiabulls Financial Services has reported nearly 68% rise in its first quarter FY12 consolidated net profit to Rs 219.5 crore from Rs 131 crore in the year ago period.
Consolidated income from operations jumped about 75% to Rs 758 crore from Rs 434 crore year-on-year.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Consolidated income from operations jumped about 75% to Rs 758 crore from Rs 434 crore year-on-year.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Biocon Q1 net down 9% to Rs 70 crore, shares fall
Biotechnology company Biocon’s consolidated net profit for the first quarter fell almost 9% from a year ago to Rs 70.05 crore, while net sales were up over 10% to Rs 441.68 crore.
The earnings dissapointed the street leading to over 4% drop in the company’s shares in morning trade. At 10:30 hrs, Biocon shares were traded down 2.8% at Rs 360.15 on NSE.
Biocon said results for the year-ago quarter included Rs 11.52 crore in profit from operations of AxiCorp gmbh, which has since been sold. Biocon SA had in April agreed to sell its 70% stake in the German drug distribution subsidiary.
Excluding the discontinued operations Biocon’s net profit rose 7.4% in the three-month period. Consolidated operating profit margin was flat at 27.5% year-on-year.
The company said there was a "robust" increase in profit from its core manufacturing and services businesses, but there was lower licensing income recognition in the quarter.
"Licensing income from our partnered programmes will see a high degree of variability given the inherent nature of licensing recognition that is linked to development and regulatory timelines," said Murali Krishnan, president, group finance.
Biocon said the licensing income is expected to ramp up in the coming quarters.
"We are making steady progress on the biosimilar insulin front with a number of registration processes initiated in emerging markets. We expect to commence supplies of insulin and glargine to Pfizer for their India market launch in this quarter. We also plan to launch our insulin pen Insupen shortly," said chairman and managing director Kiran Mazumdar-Shaw.
In April-June, while revenue from Biocon’s biopharma business was up 8% year-on-year, domestic branded formulations business grew 28%. In Research Services, Biocon’s arm Syngene saw sales grow 21% year-on-year in the first quarter.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
The earnings dissapointed the street leading to over 4% drop in the company’s shares in morning trade. At 10:30 hrs, Biocon shares were traded down 2.8% at Rs 360.15 on NSE.
Biocon said results for the year-ago quarter included Rs 11.52 crore in profit from operations of AxiCorp gmbh, which has since been sold. Biocon SA had in April agreed to sell its 70% stake in the German drug distribution subsidiary.
Excluding the discontinued operations Biocon’s net profit rose 7.4% in the three-month period. Consolidated operating profit margin was flat at 27.5% year-on-year.
The company said there was a "robust" increase in profit from its core manufacturing and services businesses, but there was lower licensing income recognition in the quarter.
"Licensing income from our partnered programmes will see a high degree of variability given the inherent nature of licensing recognition that is linked to development and regulatory timelines," said Murali Krishnan, president, group finance.
Biocon said the licensing income is expected to ramp up in the coming quarters.
"We are making steady progress on the biosimilar insulin front with a number of registration processes initiated in emerging markets. We expect to commence supplies of insulin and glargine to Pfizer for their India market launch in this quarter. We also plan to launch our insulin pen Insupen shortly," said chairman and managing director Kiran Mazumdar-Shaw.
In April-June, while revenue from Biocon’s biopharma business was up 8% year-on-year, domestic branded formulations business grew 28%. In Research Services, Biocon’s arm Syngene saw sales grow 21% year-on-year in the first quarter.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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