L&T Q3 net profit at Rs 1,122 cr Vs Rs 992 cr (YoY)
Vijaya Bank Q3 net profit at Rs 127 cr Vs Rs 124 cr (YoY)
Exide Industries touches a new 52-week low of Rs 121 as it has agreed increase its stake in ING Vysya to 100%
The management of Jaguar Land Rover (JLR) said that the company is likely to report lower EBITDA margin in October-December quarter compared with the previous two quarters due to exchange rate fluctuations and a higher mix of Evoque sales.
Reliance Communication Q3 cons net profit at Rs 105 cr Vs Rs 102 cr (QoQ)
Peninsula Land Q3 net profit at Rs 36.5 cr Vs Rs 10.5 cr (YoY)
Karnataka Bank Q3 net profit at Rs 80 cr Vs Rs 72 cr (YoY); Net NPA at 2.19% Vs 2.08% (QoQ)
JSW Energy Q3 cons Net profit at Rs 311 cr Vs loss of Rs 82.7 cr (YoY)
Deepak Fertilisers Q3 net profit at Rs 31.6 cr Vs Rs 49.6 cr (YoY)
Kirloskar Bros Q3 net loss at Rs 4.3 cr Vs profit Of Rs 12.7 cr (YoY)
Karnataka Bank Q3 net profit at Rs 80 cr Vs Rs 72 cr (YoY); Net NPA at 2.19% Vs 2.08% (QoQ)
JSW Energy Q3 cons Net profit at Rs 311 cr Vs loss of Rs 82.7 cr (YoY)
Deepak Fertilisers Q3 net profit at Rs 31.6 cr Vs Rs 49.6 cr (YoY)
Kirloskar Bros Q3 net loss at Rs 4.3 cr Vs profit Of Rs 12.7 cr (YoY)
Zee Entertainment Q3 cons net profit at Rs 193.3 cr Vs Rs 188 cr (QoQ)
Syndicate Bank Q3 net profit at Rs 508 cr Vs Rs 338 cr (YoY); Provisions at Rs 530 cr Vs Rs 479.6 cr (QoQ)
Havells India Q3 net profit at Rs 94.6 cr Vs Rs 79 cr (YoY)
Sun TV Q3 net profit at Rs 190 cr Vs Rs 152 cr (QoQ)
Ajanta Pharma Q3 net profit at Rs 32.6 cr Vs Rs 18.5 cr (YoY)
HDIL MD sells 5 m shares in open market for Rs 57 cr: NW18
Fortis Healthcare gets SEBI nod for QIP
The board members of Bajaj Finance said that the company will consider rights issue on January 15, 2013, reports CNBC-TV18.
Sintex Industries Q3 cons net profit at Rs 63.4 cr vs Rs 82 cr
Tata Steel Q3 sales up 16.7% at 1.89 mt Vs 1.62 mt (YoY)
ICICI Bank slips more than 1% on legal action by Australian firm
ONGC surges 3.6% as the research firm Goldman Sachs has recommended a buy rating on the stock with a target price of Rs 350
LIC Housing Finance block deal: 4.47% equity changes hands on BSE at Rs 280/share
Oil company stocks gains 2% after oil ministry moved a proposal to raise diesel prices to Union cabinet
Engineers India gains 2.6% on likely 10% divestment in the company
Gujarat NRE Coke gains 10% intraday on strong earnings in third quarter
Arshiya down 20% for 2nd day, Kotak suspends coverage
Gujarat Intrux Limited was established as a Public Limited Company in the year of 1992. The Company registered with Gujarat Registrar of Companies and get “Certificate of Incorporation” on 8th January, 1992.
Company has started Commercial Production of “Extrusion of non-ferrous copper and copper alloys” in Sept-1993. The company is listed with Bombay, Ahmedabad and Saurashtra Kutch Stock Exchange Ltd.
In Dec-1997 Company has set up “Sand Casting Foundry” Project. At present, Company is engaged in Manufacturing and supply of Stainless Steel, Non – Alloy Steel and alloy steel Castings.
The company manufactures Steel and Alloy steel Sand casting single piece weight of from few Kgs. to 2200kgs.
The company pouring around 120 various Alloys and it has range of melting crucibles which allows the company to run small batch – small weight production.
Gujarat Intrux revenue for quarter increase 93.47% to Rs.140.73 million from Rs.72.74 million, when compared with the prior year period.
The company has ISO 9001:2008, PED Certificate, AD-2000 Merkblatt WO
certificate & DNV approval certificate.
Gujarat Intrux has achieved remarkable growth in the export sale compare to last year.
The company’s Profit before interest, depreciation & tax is Rs.24.12 millions as against Rs.13.08 millions in corresponding period of the previous year.
Net Sales and PAT of the company are expected to grow at a CAGR of 27% and 54% over 2011 to 2014E respectively.
The company’s net profit jumps to Rs.14.72 million against Rs.7.73 million in the corresponding quarter ending of previous year, an increase of 90.43%. Revenue for the quarter increase 93.47% to Rs.140.73 million from Rs.72.74 million, when compared with the prior year period. Reported earnings per share of the company stood
at Rs.4.27 a share during the quarter, registering 90.43% increase over previous year period. Profit before interest, depreciation and tax is Rs.24.12 millions as against Rs.13.08 millions in the corresponding period of the previous year.
GAIL Q2 net profit at Rs 985 cr Vs Rs 1,094.4 cr (YoY); net sales at Rs 11,361.2 cr Vs Rs 9,699 cr (YoY)
Other Income at Rs 236.8 cr Vs Rs 116 cr (YoY)
Subsidy Payout at Rs 786 cr Vs Rs 566.6 cr (YoY)
Rs 123 cr Derecognised Due To LPG Pipeline Tariff Revision
EBITDA at Rs 1,412 cr Vs Rs 1,675.5 cr (YoY)
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Hindustan Unilever Q2 net profit at Rs 807 cr Vs Rs 689 cr (YoY)
Total Income at Rs 6,311 cr Vs Rs 5,516 cr (YoY)
EBITDA at Rs 976.8 cr Vs Rs 827 cr (YoY)
OPM at 15.5% Vs 14.7% (YoY)
Soap & Detergent EBIT Margins at 14.3% Vs 12.2% (QoQ)
Underlying Volume Growth at 7%
CNBC-TV18 ALERT: HUL Q2 Volumes Lower Than Expected; Soaps & Detergents Margins Better
Personal Products Margins at 24.2% Vs 25.8% (QoQ)
Other Income at Rs 148.7 cr Vs Rs 81 cr (YoY)
Ad Spends Up 18% (YoY)
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NTPC Q2 net profit at Rs 3,142 cr Vs Rs 2,424 cr (YoY)
Net Sales at Rs 16119.7 cr Vs Rs 15,377.5 cr (YoY)
Net Sales includes Rs 1,023.7 cr from orders issued by CERC In 2011
Usha Martin Limited
BSE: 517146
NSE Symbol: USHAMART
CMP: 29.80 INR
Usha Martin is India’s largest and the world’s second largest steel wire rope manufacturer. The company manufactures steel and value added steel products with manufacturing facilities located in India, Dubai, Thailand, UK and USA.
Usha Martin Ltd, is focusing on production improvement to get high operating leverage.Usha Siam, a 98% company owned subsidiary (contributes 10% in bottomline), which had become in operational due to unprecedented floods in Thailand in 2011, has come to 70% normal working in Q1FY13 and is expected to achieve 100% normal production by Q3FY13. The company has received first & second tranche of insurance and payment is expected to flow in Q2FY13. With this, it expected to start by Q3FY13.
The company has undertaken implementation of various cost optimization and capacity expansion projects to further strengthen advantage of cost competiveness and boost volumes. It has lined up an estimated capex of INR400 crore for FY13.
Usha Martin Ltd was among the 2 companies, who received the approval of selling iron ore fines in open market, after the Jharkhand government banned export of iron ore from captive mines. The company is sitting on iron ore fines of ~2.5MT. However, the company is waiting for more clarity on identifying customers and may utilize it for captive consumption or external sales.
The Sensex today closed at a 21-month high, at 19065.38 having risen by 1.04% or 195.69. The Nifty closed the day at 5787.60, higher by 56.35 points or 0.98%. This upward move was seen as a result of positivity created on the back of expectations of reforms to be announced post the Cabinet meet scheduled at 16:30 today.
Global cues too were supportive of a bull run in the trading session. The global markets have been seeing a upwards move ahead of policy decisions to be taken by three central banks – the European Central Bank, Bank of England and Bank of Japan. Rate cuts are expected to take place in these three regions after the markets saw an unexpected cut in interest rates by the Reserve Bank of Australia on Oct 2, 2012. Moreover, employment data from the US is due tomorrow, and the preliminary data is indicative of an addition in payrolls. According to Bloomberg estimates, employers added 115000 workers to the payrolls in Sept as compared to 96000 in Aug. High [click to continue…]
Chambal Fertilizers & Chemicals Ltd has a vast marketing network comprising 11 regional offices, 1,300 dealers and 20,000 village level outlets, reported its financial results for the quarter ended 30th June, 2012. The first quarter witness a healthy increase in overall sales as well as profitability on account of manufacture of phosphoric acid (P2O5) which it exports to India primarily to Tata Chemicals Ltd and Zuari Industries Ltd for manufacture of granulated DAP and NPK fertilizers
The Company has providing all agriproducts through a ‘single window’ to
enable the farmer to buy all products from one source. The Company dealers provide Urea and other agri-inputs like DAP, MOP, SSP, pesticides and seeds
Net Sales and Operating Profit of the company are expected to grow at a CAGR of 21% and 13% over 2011 to 2014E respectively.
Chambal Fertilisers and Chemicals Limited was promoted by Zuari Industries Limited in the year 1985. Today, Chambal Fertilisers and Chemicals Limited is one of the largest private sector fertilizer producers in India. Chambal Fertilisers caters to the need of the farmers in ten states in Northern, Central and Western regions of India and is the lead fertiliser supplier in the State of Rajasthan.
On the basis of EV/EBITDA, the stock trades at 5.96 x for FY13E and 5.56 x for FY14E.
Price to Book Value of the stock is expected to be at 1.50 x and 1.30 x respectively for FY13E and FY14E.
Reliance Comm
Shares of RCom have risen by 29% in one month on account of three major events.
1) Slew of reforms introduced by the government to attract foreign investment
2) RCom hiked its pan-India tariff by 25%
3) Stake sale in Reliance Infratel to reduce debt
Q2 & FY13 Estimation Quarter ending Sept 30, 2012
Revenues are expected to be in the range of Rs 4,313 crores and Rs 4,374 crores; YoY degrowth of 8 %. Earnings per share (EPS) is expected to be Rs 0.14; YoY degrowth of 36% Fiscal year ending March 31, 2013 Revenues are expected to be in the range of Rs 18,467 crores and Rs 18,694 crores; YoY degrowth of 1.3% Earnings per share (EPS) is expected to be Rs 0.57; YoY degrowth of 35%
L&T Construction wins orders worth Rs 1439 cr for residential projects
Jain Irrigation issues FCCBs up to USD 55 million to shareholders
Bharti Airtel moves to High Court against DoT’s notice on 3G roaming pacts
Apollo Tyres board okays raising up to Rs 800 cr via QIP
September Auto Sales of M&M Tractor Sales: Total tractor sales at 20,085 Vs 24,673 units (YoY)
Sept Auto Sales of Eicher Motors: Bus, Truck Sales down 31.9% at 3,150 units (YoY)
Steel Strips sells 9.25 lakh wheel rims in September; up 24% (YoY)
Essar Ports shareholders okay raising up to USD 500 million
Mahindra and Mahindra Sept Auto sales at 48,342 units Vs 45,836 units (MoM); highest-ever in a month
September Auto Sales TVS Motor: Total sales at 1.7 lakh units Vs 1.54 lakh units (MoM)
Sept Auto Sales of Maruti Suzuki exceeds forecasts; Total sales at 93,988 units Vs 54,154 units (MoM)
IL&FS Transport gets Rs 2100 cr order from Haryana Government
