Indian Stock Market

Gujarat State Petronet profit at Rs.100 crores.

News article from Economictimes

Gujarat State Petronet Ltd today said net profit jumped two-fold to Rs 107.8 crore for the quarter ended March 31, 2010, over the same period last year.

The company had posted a net profit of Rs 34.7 crore in the same quarter of the previous fiscal.

Total income rose to Rs 269.9 crore for the January-March quarter from Rs 136.4 crore in the same quarter of the previous fiscal, Gujarat State Petronet Ltd (GSPL) said in a filing to the Bombay Stock Exchange.

The board has proposed a dividend of Rs 1 per share of Rs 10 each for the 2009-10 financial year.

During the full fiscal, the company had transported 11,572.71 mmscm of gas against 5,428.48 mmscm in the same period of the corresponding fiscal.

For the year ended March 31, 2010, the company has posted a net profit of Rs 413 crore, a jump of over two-fold from the same year-ago period.

Larsen & Toubro has declared a net profit of Rs.1438 crores for this quarter in year 2010.

Netprofit is up by 44% . Analysts had predicted less than this. Stock is up 5% today. Market cap has reached Rs.1,00,000 crores.

With this upmove Bharti Airtel has been displaced from top 10 market cap companies in Indian bourses.

This increase in net profit is due to increased executing of orders from L & T. Orders have reached 1,00,000 crores for the company so far.

Sure, the company has a better future.

Bharti Airtel Q4 net surges 16%

Videocon Industries Q1 net down 76 pc at Rs 60 cr

Anil Ambani group firm Reliance Power today posted a consolidated net profit of Rs 61.22 crore for the first quarter ended on June 30, 2008.

The consolidated total income stood at Rs 80.55 crore in the latest quarter, Reliance Power said in a filing to the Bombay Stock Exchange.

On a standalone basis, the company reported a profit after tax of Rs 59.70 crore and a total income of Rs 77.67 crore for the June quarter of this fiscal.

Previous year figures were not available as the company got listed on the bourses on May 11, 2007.

The company is currently developing an installed capacity of 28,200 Mw, the filing added.
The company’s net worth was at Rs 13,598 crore, while the earnings per shares was at Rs 0.26.

Reliance Power is currently developing two power projects — Rosa Phase I (600 Mw) and Sasan UMPP (3,960 Mw).

“First unit of Sasan UMPP is expected to be commissioned in December 2011 and the project is expected to be commissioned by March 2013,” it said.

The Reserve Bank of India had approved the company to raise $2 billion (about Rs 8,500 crore) each of External Commercial Borrowings for both Sasan and Krishnapatnam UMPPs, it added.

Shares of the company were trading at Rs 172.30, down 2.10 per cent in the late afternoon trade on the BSE.

The June quarter ’08 results for the real estate sector are expected to be lackluster. According to the estimates of brokerages, performance is likely to be much lower than the corresponding quarter in the previous year. Rising interest rates, tightening monetary policy and fall in property prices are cited as some of the concerns for the sector.

The sector is also expected to witness pressure on margins. Both small as well as large realty players are expected to post dismal performance. “In Q1FY09E, we expect companies to struggle given the difficult operating environment. We expect realty companies to face difficulty in booking incremental sales; focus will shift towards executing ongoing projects” said an ICICI securities report. Reduced unit sales are likely to result in a drop in net sales. Growth in the overall industry sales is likely to be 39% on a year-on-year (YoY) basis. This is much lower compared to the triple digit growth reported by many of the players in the earlier quarters.

However, analysts expect that out of all the listed companies, only Indiabulls real estate may see a triple digit growth given the lower base effect. On YoY basis, revenues for DLF, HDIL and Sobha are estimated to grow at 27%, 23% and 27% respectively. On a standalone basis this growth seems to be decent. However, it is lower as compared to what these players were showing during the time of their initial public offers.

Though sales growth might be good, margins are expected to be under pressure, particularly EBIDTA margins. Companies may witness about 5-10% average drop in EBIDTA margins on account of high input costs and lower realisations. For Delhi based developer Unitech, EBIDTA margin is anticipated at 20%. The number is much lower at 10% for its peer, Parsvnath.

The situation at the bottomline doesn’t seem to be any different. With alternate sources of funds getting dried up, builders are facing huge cash crunch. Higher working capital loans are eating into the net profits. Developers with highly leveraged balance sheets would be the worst hit. However, the companies, which have tweaked their business model to increase volumes, appear to be better placed than the other players.
DLF, Puravankara and Peninsula Land are expected to report PAT margins
upward of 30%.

The overall PAT margins for the June quarter are expected to be at 30%.
The expectation of a somber performance has been looming large on the performance of the real estate companies on bourses in last couple of months. The BSE realty index has fallen by 43% since April’08 as against the drop of 20% in the Sensex.

Sales rise 38.24% to Rs 108.53 crore .Net profit of Bilpower declined 26.84% to Rs 5.67 crore in the quarter ended March 2008 as against Rs 7.75 crore during the previous quarter ended March 2007. Sales rose 38.24% to Rs 108.53 crore in the quarter ended March 2008 as against Rs 78.51 crore during the previous quarter ended March 2007.

For the full year, net profit rose 31.42% to Rs 22.71 crore in the year ended March 2008 as against Rs 17.28 crore during the previous year ended March 2007. Sales rose 35.26% to Rs 332.56 crore in the year ended March 2008 as against Rs 245.87 crore during the previous year ended March 2007.

Real Estate major DLF on Wednesday announced a consolidated net profit of Rs 7,812.03 crore for the financial year ended March 31, a four-fold growth over the year-ago period.

The company had a net profit of Rs 1,933.65 crore in 2006-07 fiscal, DLF said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 14,683.91 crore from Rs 4,053.3 crore in 2006-07.

The board has declared a dividend of 200 per cent, at the rate of Rs 4 on shares of face value Rs 2 for 2007-08 fiscal.

For the year ended March 31, DLF reported a net profit of Rs 2,574.59 crore, a over six-fold rise over the year-ago period. The company had a net profit of Rs 406.91 crore in FY’07.

The standalone total income rose to Rs 6,058.46 crore in FY’08, from Rs 1,429.49 crore in the previous fiscal.

Shares of DLF were trading at Rs 574.15 at the BSE, down 1.43 per cent in the early morning.

Pharmaceutical and bio-tech major Wockhardt Ltd on Monday posted its consolidated sales for the first quarter ended March 31, 2008 at Rs 785.7 crore, a jump of 50.3 per cent over the previous year’s period.

Its net profit for the reviewed period stood at Rs 78.8 crore, which is a rise of 18.9 per cent over the last year.

After adjusting for extraordinary item, the net profit is Rs 50.9 crore, a press release issued here stated.

“The acquisition of Negma Laboratories in France and Morton Grove Pharmaceuticals in the US has shown a remarkable performance,” Wockhardt Chairman Habil Khorakiwala said.

“This has enabled us to increase our operating profit by 50 per cent and thus maintain a margin of 22 per cent,” Khorakiwala added.

The company’s marketshare grew 24 per cent and it improved its ranking by five levels to 15th position as compared to Q1 2007, the release said.

Overall, nine brands feature in the list of ‘Top 300′ brands of the industry with Dexolac and Spasmo-Proxyvon still maintaining their position in the ‘Top 100′.

Europe continues to be Wockhardt’s single-largest market accounting for 54 per cent of consolidated sales.

The business grew at 69 per cent, driven largely by a surge in the European formulation business growing at 70 per cent and the opportunities of contract-manufacturing fructifying and gaining momentum for the future, the release said.

Maruti posts Rs 297.7cr net profit

Indian Bank Q4 net flat at Rs 241.67 cr

This is not the page for Indian Bank clerical exam results. This is just a post about bank’s quarterly results. I see most of you people are thinking this is the page for Indian Bank  Clerical  Examination Result.

Tata Consultancy Services Ltd (TCS) has announced the following Audited results for the year ended March 31, 2008:

The results for the Year ended March 31, 2008

The Company has posted a net profit after taxes of Rs 45087.60 million for the year ended March 31, 2008 as compared to Rs 37572.90 million for the year ended March 31, 2007. Total Income has increased from Rs 151565.20 million for the year ended March 31, 2007 to Rs 189796.70 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 50260.20 million for the year ended March 31, 2008 as compared to Rs 42126.30 million for the year ended March 31, 2007. Total Income has increased from Rs 189142.60 million for the year ended March 31, 2007 to Rs 233494.50 million for the year ended March 31, 2008.

Riding on a higher gross refining margin (GRM) of $15.5 per barrel and some help from non-operational income, Reliance Industries (RIL) on Monday reported a 24% increase in its fourth-quarter (January-March 2008) net profit to Rs 3,912 crore ($975 million), excluding exceptional items. This was on a turnover of Rs 38,697 crore, an increase of 32% over the corresponding quarter last fiscal.

The operating margin (excluding other and exceptional income) during the fourth quarter declined by nearly 270 basis points to 16.1% of net sales against 18.8% compared with the corresponding period last year. For the full year, the company reported an operating margin of 17.5% in FY08 against 18% in the previous year. On BSE, RIL shares closed at Rs 2,642, with a marginal gain of Rs 5, or 0.20%, over the previous day’s close. The scrip has gained 3.6% in the last one week and 22% in the last one month.

For the entire year, RIL’s net profit grew by 28% to Rs 15,261 crore on revenues of Rs 139,269 crore, an increase of 18% over the previous year. The company’s profit during the year was helped by a Rs 986-crore profit from foreign exchange transaction and sales-tax savings due to higher exports and conversion of its Jamnagar refinery to an export-oriented unit (EOU). RIL’s Jamnagar unit was converted into an EOU with effect April 16, 2007.

The company’s other income nearly doubled in FY08 to Rs 895 crore, primarily because of an increase in interest income. Including exceptional items, the net profit for the full year was Rs 19,458 crore, just under $5 billion. The exceptional item was proceeds from the sale of shares in Reliance Petroleum, a subsidiary in which RIL owns a 70% stake.

KS Oils Q4 net profit up at Rs 40.19 cr

KS Oils has announced its fourth quarter results. The company’s Q4 net profit up at Rs 40.19 crore versus Rs 21 crore.

Its sales were up at Rs 674 crore as against Rs 325.93 crore

Satyam Q4 cons net up 7.7% at Rs 466.85 cr

Satyam Computer has announced its fourth quarter and FY08 numbers. It has posted 7.7% growth in its Q4 consolidated net profit of Rs 466.85 crore as against Rs 433.6 crore in previous quarter and 10% growth in net sales of Rs 2,416 crore versus Rs 2,195.6 crore.

For FY08, consolidated net sales went up by 30.66% at Rs 8,473.5 crore from Rs 6,485.1 crore and net profit up by 20.16% at Rs 1,687.9 crore from Rs 1,404.7 crore. EPS stood at Rs 25.24.

Guidance

* Q1 revenues seen at Rs 2500-2512.5 crore
* FY09 revenues seen at Rs 10,500-10,670 crore (23.9-25.9%)
* FY09 EPS seen at Rs 29.54-30.04 (17-19% Growth)

According to CNBC-TV18 estimates, it was expected to post 12.6% growth in its Q4 net profit of Rs 488.1 crore as against Rs 433.6 crore in previous quarter. Revenues were seen going up 7.2% to Rs 2353.2 crore versus Rs 2195.6 crore. (Indian GAAP)