Tata Global Q1 cons PAT at Rs 78 cr

Tata Global Beverage  has announced its first quarter results. The company Q1 consolidated net profit at Rs 77.7 crore versus Rs 161 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 1,715 crore versus Rs 1,456 crore, YoY.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd 

HUL Q1 net doubles to Rs 1331 crore helped by property sale

Fast moving consumer goods major Hindustan Unilever  reported strong operating numbers for the April-June quarter, with net sales rising 14% year-on-year to Rs 6,250 crore.

Its net profit for the quarter more than doubled to Rs 1,331 crore. Its profit was boosted by an exceptional gain of Rs 607 crore from sale of properties in the quarter.

Profit after tax, but before exceptional items rose 48% to Rs 855 crore in April-June. 

HUL shares have gained around 10% since the start of the calendar, compared with a 9% rise in the Sensex and a 23% increase in the BSE FMCG index.

Other income rose over 300% YoY to Rs 218.6 crore.

In the first quarter, company has re-launched its flagship brand - Fair and lovely and also launched Axe soap 

bar. "We made entry into mouthwash segment with Pepsodent," company said.

Margin expanded 180 basis points during the quarter. Advertising spend went up by 160 basis points year-on-year.

Segment Performance

Revenues from soaps & detergents segment increased 24% to Rs 3,163 crore and earnings before interest & tax (EBIT) jumped by 63% to Rs 385.2 crore.

Personal products revenue was up 17% to Rs 1,847 crore and EBIT rose by 16% to Rs 475.7 crore.

Beverages revenues grew by 7% to Rs 654 crore and EBIT rose 26% to Rs 95 crore.

Packaged Foods revenue was up by 17% to Rs 437 crore and EBIT increased 43% to Rs 25 crore during the same period.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Cairn India Q1 net up 40% at Rs 3,826 cr on forex gains

Vedanta group-promoted oil and gas producer Cairn India  said its consolidated net profit grew by 40.32% year-on-year to Rs 3,826 crore in the first quarter of FY13 led by huge forex gain during the quarter.

Consolidated net forex gain stood at Rs 866 crore in the quarter ended June 2012 as against just Rs 3 crore in a year ago period. Other income too went up at Rs 96.4 crore from Rs 52.8 crore.

Consolidated income from operations increased 19.6% to Rs 4,440 crore from Rs 3,712.7 crore during the same period.

EBITDA rose by 9% YoY to Rs 3,457 crore in the first quarter, but consolidated EBITDA margin declined at 77.9% in the April-June quarter of 2012 as against 85% in the corresponding quarter of last fiscal.

Cess increased to Rs 694.6 crore from Rs 294 crore year-on-year.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Dabur India Q1 net up 17% at Rs 149 cr

Dabur India’s first quarter consolidated net profit rose 17% year-on-year to Rs 149 crore, helped by strong demand for consumer care and food products.

Its consolidated net sales for April-June were up 21% to Rs 1,462 crore.

Among its key business segments, consumer care revenue was up 16% to Rs 1,175 crore and foods business sales rose 36% to Rs 212 crore.

Dabur India also runs retail stores under the brand New U, which saw its revenue grow to Rs 13 crore from Rs 8 crore. Revenue from other segments more than doubled to Rs 62 crore from Rs 24 crore.

In April-June, Dabur's raw material costs were up 21% to Rs 628 crore and advertising and publicity spends rose 52% to Rs 229 crore.

Dabur also reported an extra-ordinary loss of Rs 5 crore in the quarter due to sale of its entire stake in its subsidiary Weikfield International UAE, which was also in the consumer care business.

Dabur shares hit a 52-week high of Rs 120 on NSE on Monday. The stock, however, closed down 0.4% at Rs 117.85.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Jubilant Life Q1 PAT down at Rs 5 cr

Jubilant Life  has announced its first quarter results. The company's Q1 consolidated net profit was down at Rs 5 crore versus Rs 77.4 crore, year-on-year, YoY.


Its consolidated net sales were up at Rs 1,236 crore versus Rs 942 crore, YoY.


Its exceptional items was at Rs 104.2 crore versus Rs 4.2 crore, YoY.


Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Idea Cellular Q1 disappoints, PAT down 2% at Rs 234 cr

Telecom operator Idea Cellular  's net profit fell 2% quarter-on-quarter to Rs 234 crore in the first quarter of FY13, which was lower than expectations. Analysts on an average had expected a net profit at Rs 300 crore.



Net sales too rose lower than expected by 2% to Rs 5,501 crore during the same period. Analysts had forecast at Rs 5,606 crore.

"The above is primarily due to slide in 'average realisation per minute' (ARPM) by 2.3% to 41.2 paise in comparison to 42.2 paise in Q4FY12, suggesting the industry growth is likely to be muted in the first half of this financial year," company said in a release.

The company reported a forex loss of Rs 24.5 crore in the quarter ended June 2012.

EBITDA increased 5.78% QoQ to Rs 1,435.5 crore from Rs 1,357.1 crore. EBITDA margin too improved by 80 basis points at 26.1% versus 25.3% during the same period, but that was lower than expectations as analysts had forecast of 27.1%.

Average revenue per user declined to Rs 156 from Rs 160. Minutes of usage stood flat at 379.

The stock fell 1.65% to close at Rs 80.40 on the BSE today.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Geometric Q1 net profit up 62% at Rs 20.7 cr

Software services exporter Geometric  's consolidated net profit grew by 62.4% quarter-on-quarter to Rs 20.7 crore for the quarter ended June 2012.

Consolidated net sales went up by 16% QoQ to Rs 260 crore from Rs 224 crore during the same period.

At 14:36 hours IST, the share was trading at Rs 81.60, up 13.33%. Even its trading volumes increased 4,585% to 20,20,893 equity shares as compared to its 5-day average of 43,131 shares.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Indian Bank Q1 net profit up 14% to Rs 462 cr

Chennai-based public sector lender Indian Bank  's first quarter (April-June) net profit rose nearly 14% year-on-year to Rs 462 crore, driven by higher interest income and lower provisioning against bad loans. Net interest income (NII) or the difference between interest earned and paid out, increased by 12% to Rs 1,153 crore.



The bank has improved its asset quality quarter on quarter basis. Its gross non-performing asset (NPA) ratio dropped to 1.66% as compared with 2.03% in the Jan-March quarter. Net NPA ratio too fell from 1.33% to 1.04% during the same period.

Provisions and contingencies (other than tax) stood at Rs 146 crore as against Rs 177 crore, recorded in the corresponding quarter of the previous year.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd

Colgate Palmolive Q1 net up 17% at Rs 117cr

Colgate Palmolive India's first quarter net profit rose 17% year-on-year to Rs 117 crore, helped by strong growth across its toothpastes and toothbrush categories. The company said it gained market share in both the segments.

Its net sales in April-June were up 20% to Rs 736 crore, helped by a 11% volume growth.

"In an inflationary environment, the company continuing efforts and focussed programmes to enhance efficiencies and reduce costs continue to yield strong, positive results helping to maintain margin and fund investments in building and strengthening brand equity and the business. Prudent price increases and cost management has enabled the comany to maintain its strong gross margin for this quarter," it said on Monday.

Colgate strengthened its leadership position in toothpastes with a volume market share of 54.5% in Jan-June period, up from 52.4% in the same period a year ago. Its market share in toothbrushes also grew to 38.2% from 36.3%.


The company has recently acquired land on long-term lease to set up a toothbrush manufacturing facility in Andhra Pradesh.



"Colgate's high gross margins (61% in FY12) give it sufficient firepower in case there is a disruptive competitor in the oral care category," said Nitin Mathur of Espirito Santo Securities.

Colgate's total shareholder returns have outperformed the broader FMCG market in the last five years, despite the overhang of Procter & Gamble's entry in the toothpaste market, he said, maintaining a "buy" on the stock.

Colgate Palmolive shares were up 0.2% at Rs 1,167 on NSE in afternoon trade.

Source: www.moneycontrol.com


Thanks,
Gaurav Agarwal
Head Dealer 
DENIP Consultants Pvt Ltd

L&T Q1 beats estimates; net up 16% but EBITDA down

Engineering and construction major Larsen & Toubro 's (L&T) net profit grew higher than expected by 16%, at Rs 864 crore on the back of a healthy orderbook and good progress in execution of various projects. The company's sales also grew 26% to Rs 11,955 crore.


Revenues too rose better than expected by 26.07% YoY to Rs 11,955 crore in the first quarter of FY13. Analysts on an average had expected net profit at Rs 827 crore and revenues at Rs 10,951 crore during the same period.


However, company disappointed the street by its EBITDA margin that came in at 9.1%, a drop of 280 basis points YoY. Analysts had forecast it at 11.5% for the quarter.


Other income of the company jumped 124.7% to Rs 606 crore from Rs 269.7 crore year-on-year.


The company said its order inflow stood at Rs 19,594 crore, which is a growth of 21% (YoY). The order inflow and sales estimates are marginally above the revenue and order inflow guidance given by the company at the close of the preceding financial year. Analysts were expecting L&T to report order inflows of around Rs 18,500 crore - Rs 19,000 crore.


On its business outlook, the company said delayed policy measures, slowdown in industrial production, elevated interest rates and liquidity concerns have moderated the growth prospects in the domestic economy. This together with the uncertainties in the global market has impacted the investment sentiment, thereby restricting the business opportunities for the capital goods industry.


On the international front, select markets in the middle-east, south-east Asia and CIS countries hold promising prospects and the company is strengthening its position there. 


The stock trimmed losses from 1.6% to 1.18% after good net profit and revenues, but lower than expected EBITDA margin immediately pulled the stock down by 2.60%. It was trading at Rs 1,354.65 at 13:41 hours IST.

Source: www.moneycontrol.com


Thanks,
Gaurav Agarwal
Head Dealer 
DENIP Consultants Pvt Ltd