Areva T&D has announced its second quarter results. The company’s Q2 net profit was down 18.32% at Rs 26.3 crore versus Rs 32.2 crore, year-on-year, YoY.
Its net sales were up 12% at Rs 991 crore versus Rs 885.5 crore, YoY.
Source: www.moneycontrol.com
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Tuesday, August 9, 2011
Tata Chemicals Q1 PAT down 7% at Rs 200 cr
Tata Chemicals has announced its first quarter results. The company's Q1 net profit was down 7.40% at Rs 200 crore versus Rs 216 crore.
Its total income was up 17% at Rs 2,954 crore versus Rs 2,523 crore.
Source: www.moneycontrol.com
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Its total income was up 17% at Rs 2,954 crore versus Rs 2,523 crore.
Source: www.moneycontrol.com
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Gaurav Agarwal
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DENIP Consultants Pvt Ltd
ARSS Infra Q1 net profit up at Rs 38.6 cr
ARSS Infrastructure Projects has announced its first quarter results. The company's Q1 net profit was up at Rs 38.6 crore versus Rs 34 crore.
Its net sales were up at Rs 438.4 crore versus Rs 356.5 crore.
Source: www.moneycontrol.com
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Its net sales were up at Rs 438.4 crore versus Rs 356.5 crore.
Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
M&M Q1 beats street; net up 8% on strong sales growth
Mahindra & Mahindra reported better-than-expected earnings for the first quarter, as net profit rose 8% year-on-year to Rs 604.9 crore helped by strong volume growth across its utility vehicles and farm equipment segments.
Net sales for the April-June quarter rose 30% year-on-year to Rs 6,673.20 crore.
Analysts on average had expected M&M’s first quarter net profit at Rs 582 crore on revenue of Rs 6,588 crore, according to a CNBC-TV18 poll.
Mahindra & Mahindra shares surged post the announcement and were traded up 3.4% at Rs 675.40 on NSE in afternoon trade.
"The growth in profit of the company despite the relentless increase in material costs is due to good volume performance by both vehicles and tractors, and tight control on expenses," the company said.
M&M said its auto sales volumes in April-June rose 21% in the domestic market. It sold 44,407 vehicles in the passenger utility vehicle segment, up 14.3% year-on-year, compared with an industry growth of 5.1%. The company’s exports accelerated nearly 83% to 5,717 units.
Its tractor sales in the first quarter were up 20% year-on-year to 57,500 tractors, outperforming the industry, which saw a sales growth of 13.7%. Mahindra’s tractor exports were up 22.4% to 2,908 units.
The continued rise in cost of raw materials, however, dented M&M’s margins in the quarter. Its EBITDA margin was at 13.3%, compared with 15% earlier.
The company’s raw material costs in the quarter were up 34% year-on-year to Rs 4,373.02 crore. Expenses towards purchase of traded goods more than doubled to Rs 718.89 crore.
OUTLOOK
M&M said the tight monetary policy of the Reserve Bank of India in recent months has led to sharp rise in loan rates with "inevitable adverse impact on domestic demand and industrial growth."
However, as prospects for agricultural and services sector remain "reasonably robust," its business outlook for the year remains "positive but watchful," M&M said.
Source: www.moneycontrol.com
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Net sales for the April-June quarter rose 30% year-on-year to Rs 6,673.20 crore.
Analysts on average had expected M&M’s first quarter net profit at Rs 582 crore on revenue of Rs 6,588 crore, according to a CNBC-TV18 poll.
Mahindra & Mahindra shares surged post the announcement and were traded up 3.4% at Rs 675.40 on NSE in afternoon trade.
"The growth in profit of the company despite the relentless increase in material costs is due to good volume performance by both vehicles and tractors, and tight control on expenses," the company said.
M&M said its auto sales volumes in April-June rose 21% in the domestic market. It sold 44,407 vehicles in the passenger utility vehicle segment, up 14.3% year-on-year, compared with an industry growth of 5.1%. The company’s exports accelerated nearly 83% to 5,717 units.
Its tractor sales in the first quarter were up 20% year-on-year to 57,500 tractors, outperforming the industry, which saw a sales growth of 13.7%. Mahindra’s tractor exports were up 22.4% to 2,908 units.
The continued rise in cost of raw materials, however, dented M&M’s margins in the quarter. Its EBITDA margin was at 13.3%, compared with 15% earlier.
The company’s raw material costs in the quarter were up 34% year-on-year to Rs 4,373.02 crore. Expenses towards purchase of traded goods more than doubled to Rs 718.89 crore.
OUTLOOK
M&M said the tight monetary policy of the Reserve Bank of India in recent months has led to sharp rise in loan rates with "inevitable adverse impact on domestic demand and industrial growth."
However, as prospects for agricultural and services sector remain "reasonably robust," its business outlook for the year remains "positive but watchful," M&M said.
Source: www.moneycontrol.com
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L&T Q1 net up 12% driven by healthy order inflow
Larsen & Toubro has reported a 12% Y-o-Y) growth, in its profits at Rs 746 crore for the April-June quarter of FY12. Sales of the engineering and construction giant grew 21% at Rs 9,778.7 crore on the back of healthy order book and superior execution of jobs.
Analysts on average had expected L&T’s s net profit at Rs 765 crore and on revenue of Rs 9,717 crore, according to CNBC-TV18 poll.
The company received new orders to the tune of Rs 161.90 billion during the quarter with most orders coming from infrastructure, power generation, mineral and metals and hydrocarbon sectors, L&T said in a statement.
However, the EBITDA margin stood at 11.88% against 12.77%, mainly due to high input cost.
Going forward, global economic concerns, spiraling inflation and hardening interest rates remain a worry, stated the company, “Speedy implementation of various initiatives by the government for industrial and infrastructure development holds the key to an accelerated growth momentum,” quoted the release from the company
Meanwhile, shares of engineering conglomerate reversed early losses and rose 2% at Rs 1,674, after the company posted a 12% rise in quarterly profit.
Source: www.moneycontrol.com
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Analysts on average had expected L&T’s s net profit at Rs 765 crore and on revenue of Rs 9,717 crore, according to CNBC-TV18 poll.
The company received new orders to the tune of Rs 161.90 billion during the quarter with most orders coming from infrastructure, power generation, mineral and metals and hydrocarbon sectors, L&T said in a statement.
However, the EBITDA margin stood at 11.88% against 12.77%, mainly due to high input cost.
Going forward, global economic concerns, spiraling inflation and hardening interest rates remain a worry, stated the company, “Speedy implementation of various initiatives by the government for industrial and infrastructure development holds the key to an accelerated growth momentum,” quoted the release from the company
Meanwhile, shares of engineering conglomerate reversed early losses and rose 2% at Rs 1,674, after the company posted a 12% rise in quarterly profit.
Source: www.moneycontrol.com
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Aurobindo Pharma cons net loss at Rs 123 crore
Aurobindo Pharma has announced its first quarter results for the financial year 2012. The company posted consolidated net loss of Rs 123 crore. The consolidated net sales stood at Rs 1,077 crore versus Rs 922 crore.
Source: www.moneycontrol.com
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Source: www.moneycontrol.com
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DENIP Consultants Pvt Ltd
Welspun Q1 net up 69.83% YoY at Rs 26.41 crore
Diversified business group Welspun India posted a 69.83% increase in its net profit to Rs 26.41 crore for the quarter ended June 30, 2011 as against the same period last fiscal.
The company had a net profit of Rs 15.55 crore for the quarter ended June 30, 2010, Welspun India said in a filing to the Bombay Stock Exchange.
During the reported quarter, the firm's net sales increased by 17.86% to Rs 530.21 crore from Rs 449.85 crore posted in the corresponding quarter last fiscal.
Welspun India has interest in various businesses including line pipes, home textiles, infrastructure, energy and oil and gas.
Shares of Welspun India closed at Rs 37.30 on the BSE, down 4.48% from the previous close.
Source: www.moneycontrol.com
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The company had a net profit of Rs 15.55 crore for the quarter ended June 30, 2010, Welspun India said in a filing to the Bombay Stock Exchange.
During the reported quarter, the firm's net sales increased by 17.86% to Rs 530.21 crore from Rs 449.85 crore posted in the corresponding quarter last fiscal.
Welspun India has interest in various businesses including line pipes, home textiles, infrastructure, energy and oil and gas.
Shares of Welspun India closed at Rs 37.30 on the BSE, down 4.48% from the previous close.
Source: www.moneycontrol.com
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L&T Finance Holidngs Limited - Listing Details
L&T Finance Holidngs Limited - Listing Details
Issue price is Rs.52/- per Equity Share.
L & T Finance Holdings Ltd is listing its Equity Shares on August 12, 2011 at NSE/BSE.
Issue price is Rs.52/- per Equity Share.
L & T Finance Holdings Ltd is listing its Equity Shares on August 12, 2011 at NSE/BSE.
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DENIP Consultants Pvt Ltd
Net FII Purchases & Sales During the Week 1st Aug to 5th Aug, 2011
Net FII Purchases & Sales During the Week 1st Aug to 5th Aug, 2011
FII sales during the week:
1/8/2011: -618.9
3/8/2011: -82.7
4/8/2011: -801.1
5/8/2011: -146.7
FII purchases during the week:
2/8/2011: 157.2
FII sales during the week:
1/8/2011: -618.9
3/8/2011: -82.7
4/8/2011: -801.1
5/8/2011: -146.7
FII purchases during the week:
2/8/2011: 157.2
FII were net seller of Rs 1492.20 crore during the week.
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Sectoral Performance During Week 1st Aug to 5th Aug, 2011
Sectoral Performance During Week 1st Aug to 5th Aug, 2011
MAJOR SECTORAL LOSERS:
PSU: -1.80%
OIL & GAS: -1.90%
PHARMA: -3.10%
FMCG: -4.40%
POWER: -4.60%
CAPITAL GOODS: 5.50%
IT: -6.50%
METAL: -6.80%
REALTY: -7.50%
MAJOR SECTORAL LOSERS:
PSU: -1.80%
OIL & GAS: -1.90%
PHARMA: -3.10%
FMCG: -4.40%
POWER: -4.60%
CAPITAL GOODS: 5.50%
IT: -6.50%
METAL: -6.80%
REALTY: -7.50%
MAJOR GAINERS ON NIFTY:
BPCL: 2%
ONGC: 1.40%
HINDALCO: 1.00%
BPCL: 2%
ONGC: 1.40%
HINDALCO: 1.00%
MAJOR LOSERS ON NIFTY:
R-Infra: -7.50%
R-Com: -7.50%
Sterlite Ind: -6.50%
R-Infra: -7.50%
R-Com: -7.50%
Sterlite Ind: -6.50%
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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