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Britannia Industries may gain after reporting good Q4 results
May 23,2016

Britannia Industries consolidated net profit rose 13.73% to Rs 190.23 crore on 6.87% rise in total income to Rs 2235.68 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016. The revenue growth was impacted due to phasing out of excise duty incentives available to the company.

Reliance Communications (Rcom) announced on Saturday, 21 May 2016 that, based on the substantial further progress made, RCcom, Maxis Communications Berhad (MCB) and Sindya Securities and Investments (Sindya) have mutually extended the exclusivity period between RCom and MCB and Sindya, with the shareholders of Aircel (Aircel), by 30 days to 22 June 2016, to consider the potential combination of the Indian wireless business of RCcom and Aircel and mutually derive the expected substantial benefits of in-country consolidation, including opex and capex synergies and revenue enhancement.

The discussions, though at advanced stage, are non-binding in nature. Any transaction is subject to completion of due diligence, definitive documentation and regulatory, shareholders and other third party approvals. Hence, there is no certainty that any transaction will result.

Tata Power Company will announce Q4 results today, 23 May 2016.

Balrampur Chini Mills net profit rose 30.28% to Rs 98.78 crore on 17.08% rise in total income to Rs 777.19 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

Kothari Products net profit fell 9.92% to Rs 8.17 crore on 0.92% decline in net total income from operations to Rs 1402.09 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours on Friday, 20 May 2016.

CESC announced that the company has won the bids floated by Jaipur Vidyut Vitaran Nigam (JVVNL) and have been appointed by JVVNL as distribution franchisees for the cities of Kota and Bharatpur in the state of Rajasthan for distribution and supply of electricity for a term of twenty years each. The announcement was made after market hours on Friday, 20 May 2016.

Shares of Multi Commodity Exchange of India (MCX) may edge higher after the Reserve Bank of India (RBI) removed the restrictions placed on purchase of the companys shares by foreign institutional investors (FIIs) with immediate effect. The RBI after trading hours on Friday, 20 May 2016, said that the aggregate shareholding of FIIs in MCX has gone below the prescribed threshold caution limit stipulated as per the current FDI policy.

Ruchi Soya Industries said on Sunday, 22 May 2016 that the company has disposed off its entire stake in the joint venture company namely, Ruchi Kagome Foods India at a consideration of Rs 63 crore and has entered into termination agreement and share purchase agreement with Kagome Co. and others, on 20 May 2016, resulting into termination of joint venture arrangement with the parties thereto.

Country Club Hospitality & Holidays announced on Saturday, 21 May 2016 that the company has started a new venture as Country Club Wellness World at Delhi. Country Clubs massive network includes over 25 fitness centres in India, Middle East, Malaysia and over 50 clubs, resorts and hotels in India, Middle East, Malaysia, Singapore, Bangkok and Sri Lanka.

Just Dials net profit fell 25.08% to Rs 35.33 crore on 6.34% rise in total income to Rs 195.15 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 21 May 2016.

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ITC in focus ahead of Q4 results
May 20,2016

Cigarette major ITC is scheduled to announce its Q4 March 2016 results today, 20 May 2016.

Wipro announced that Designit, a global strategic design firm and part of the company announced the opening of its US headquarters in the heart of New Yorks Union Square. The new office will serve as a global center for Designits product-service innovation and experience-driven design services. Wipro also announced that it has joined the partnership for New York City to mark Designits entry into the city and commitment to growing New York as a center of innovation, particularly in design and technology. The announcement was made after market hours yesterday, 19 May 2016.

Maruti Suzuki India (MSIL) announced that it will undertake a service campaign to inspect fault and replace a brake part in 20,427 units of S-Cross. These vehicles were manufactured between 20 April 2015 and 12 February 2016. This service campaign applies to both the variants of S-Cross, MSIL said. The inspection and replacement will be done free of cost for the customers, it added. The announcement was made after market hours yesterday, 19 May 2016.

Esab India reported a net profit of Rs 9.37 crore in the quarter ended 31 March 2016 compared with net loss of Rs 1.38 crore in the quarter ended 31 March 2015. Net total income from operations rose 7.56% to Rs 114.65 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 19 May 2016.

Gujarat State Petronets net profit rose 48.6% to Rs 99.70 crore on 2.1% decline in total income to Rs 244.98 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 19 May 2016.

GHCLs net profit rose 54.49% to Rs 78.96 crore on 1.45% rise in net total income from operations to Rs 650.40 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Vaibhav Globals consolidated net profit fell 50% to Rs 8.78 crore on 1.77% decline in net total income from operations to Rs 350.50 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Ajmera Realty & Infra Indias consolidated net profit rose 35.03% to Rs 21.97 crore on 15.23% rise in net total income from operations to Rs 169.23 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

Mahindra Lifespace Developers announced that it has launched on 19 May 2016 Phase 3 of its residential project Anthenia in Pimpri, Pune. The announcement was made after market hours yesterday, 19 May 2016.

WABCO Indias net profit rose 88.44% to Rs 57.28 crore on 47.84% rise in net total income from operations to Rs 566.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 19 May 2016.

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Lupin in focus ahead of Q4 results
May 19,2016

Pharma major Lupin is set to announce its Q4 March 2016 earnings today, 19 May 2016.

TCS announced five-year partnership with Lidingoloppet, the legendary Swedish sports event, widely regarded as the worlds largest cross-country race. Under the terms of the agreement, TCS will become the title sponsor and official technology partner for the event. The announcement was made after market hours yesterday, 18 May 2016.

Wipro announced that Vestas Wind Systems selected the company as its strategic IT partner to provide workplace services. The announcement was made after market hours yesterday, 18 May 2016. Headquartered in Aarhus, Denmark, Vestas is a global energy company that delivers best in class wind energy solutions in over 75 countries.

Axis Bank announced that its board of directors at a meeting held yesterday, 18 May 2016, passed a resolution approving the allotment of two senior notes aggregating to $10 million each, under the MTN programme through its Dubai International Financial Centre (DIFC) branch. The announcement was made after market hours yesterday, 18 May 2016.

Coal India (CIL) said that on 17 May 2016, the Competition Appellate Tribunal (Compat) allowed CILs appeal setting aside the orders of the Competition Commission of India (CCI) imposing penalty of Rs 1773 crore in relation to complaints filed by various power and non-power companies on 9 December 2013 against Coal India and three of its subsidiaries alleging misuse of their monopoly to supply poor quality coal and fixing prices. The case has been remitted back to CCl for it to hear the matter again on merits and pass fresh orders. The CCI has been directed to pass this order within two months. The announcement was made after market hours yesterday, 18 May 2016.

The CCI in December 2013 had found Coal India and its three subsidiaries viz. Mahanadi Coalfields, Western Coalfields and South Eastern Coalfields guilty of abusing their dominant position for supplying non-coking coal and having unfair fuel supply contracts.

Shares of Parag Milk Foods debuts on the stock exchanges today, 19 May 2016. The initial public offer (IPO) price for the issue was fixed at Rs 215 per share. The IPO of Parag Milk Foods was subscribed 1.83 times. Parag Milk Foods manufactures a diverse range of products including cheese, ghee (clarified butter), fresh milk, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages targeting a wide range of consumer groups through several brands.

Unitech may edge lower after the National Stock Exchange (NSE) after trading hours yesterday, 18 May 2016, announced the removal of the stock from its futures & options (F&O) segment. F&O contracts for new expiry months in Unitech will not be issued, NSE said in a circular. The existing unexpired contracts of expiry months May 2016, June 2016 and July 2016 would continue to be available for trading till their respective expiry.

Kirloskar Electric Company announced that the board of directors of the company approved to raise funds by issuing equity shares through qualified institutions placement route for an amount upto Rs 75 crore. The board also approved to increase the limit of holding by foreign entities in the company from 24% to 49%; The announcement was made after market hours yesterday, 18 May 2016.

Dalmia Bharats consolidated net profit jumped 142.93% to Rs 114.86 crore on 47.83% growth in net total income from operations to Rs 1913.26 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.

PTC Indias net profit declined 29.67% to Rs 39.69 crore on 29.47% growth in total income to Rs 3057.66 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 18 May 2016.

IFB Industries net profit jumped 325.42% to Rs 5.02 crore on 12.72% rise in net total income from operations to Rs 368.51 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.

JK Lakshmi Cements net profit spurted 699.66% to Rs 48.38 crore on 29.09% rise in total income to Rs 769.35 crore in Q4 March 2016 over Q4 March 2015. The announcement was made after market hours yesterday, 18 May 2016.

JK Lakshmi Cement said that companys steep growth in production and sales along with its relentless efforts to improve efficiency and cutting its operating cost has enabled the company to post profitability of Rs 30.51 crore at profit before tax (PBT) level in Q4 March 2016 after witnessing losses in the previous three quarters. The net profit spurted with the recognition of deferred tax asset in Q4 March 2016. However, the company said that its profitability was affected due to the additional burden of interest and depreciation with the commissioning of the first phase of the greenfield plant at Durg, besides lower prices.

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SBI in spotlight on plans to acquire subsidiary banks
May 18,2016

State Bank of India (SBI) after trading hours yesterday, 17 May 2016, announced that it is seeking in principle sanction of the Government of India (GoI) to enter into negotiation with its 5 subsidiary banks viz. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore to acquire their businesses including assets and liabilities. The decision is purely exploratory at this stage and there is no certainty in relation to SBI completing the acquisitions, SBI said. SBIs board of directors will take a final call after evaluating all the relevant considerations. SBI also said that it is considering acquisition of Bharatiya Mahila Bank.

Axis Bank has kept its lending rates based on marginal cost of funds unchanged effective from 18 May 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for overnight loans will be 8.95%, the rate for one month will be 9.05% and for three months it will be 9.25%. The MCLR on 6-month loans will be 9.3% and for one-year loans the rate will be 9.35%, the bank said. MCLR on two-year loans will be 9.45% and for three-year loans the rate will be 9.5%. The announcement was made after market hours yesterday, 17 May 2016.

All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 are priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR) which is the internal benchmark of the concerned bank. Actual lending rates are determined by adding the components of spread to the MCLR.

Punjab National Bank is scheduled to announce its Q4 March 2016 results today, 18 May 2016.

United Bank of lndia reported net loss of Rs 413.04 crore in Q4 March 2016 compared with net profit of Rs 104.52 crore in Q4 March 2015. Total income fell 12.71% to Rs 2752.35 crore in Q4 March 2016 over Q4 March 2015. The banks gross non-performing assets (NPAs) stood at Rs 9471.01 crore as on 31 March 2016 as against Rs 6721.53 crore as on 31 December 2015 and Rs 6552.91 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 13.26% as on 31 March 2016 as against 9.57% as on 31 December 2015 and 9.49% as on 31 March 2015. The ratio of net NPAs to net advances stood at 9.04% as on 31 March 2016 as against 5.91% as on 31 December 2015 and 6.22% as on 31 March 2015. The banks provisions and contingencies (excluding tax provisions) rose 73.55% to Rs 1173.43 crore in Q4 March 2016 over Q4 March 2015. The provision coverage ratio stood at 53.36% as on 31 March 2016. The result was announced after market hours yesterday, 17 May 2016.

TCS announced after market hours yesterday, 17 May 2016, that IDBI Banks financial services arm IDBI Capital Market Services has gone operational with the securities trading and processing solution from TCS BaNCS for its online brokerage business.

GlaxoSmithkline Consumer Healthcares (GSK Consumer Healthcare) net profit fell 8.18% to Rs 180.68 crore on 8.51% decline in total income to Rs 1166.40 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 17 May 2016.

Vascon Engineers reported consolidated net profit of Rs 6.67 crore in Q4 March 2016 as against net loss of Rs 75.62 crore in Q4 March 2015. Net total income from operations rose 4.64% to Rs 180.56 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 17 May 2016.

Nestle India turns ex-dividend today, 18 May 2016 for final dividend of Rs 18.50 per share for the year ended 31 December 2015 (FY 2015). The stock also turns ex-dividend today, 18 May 2016 for interim dividend of Rs 12 per share for the year ending 31 December 2016 (FY 2016).

MIC Electronics said that the board of directors of the company at its meeting held yesterday, 17 May 2016, concluded issue and allotment of 1.08 crore equity shares by conversion of preferential convertible equity share warrants to the promoters and investors in 1:1 ratio. A total of 93.22 lakh shares were alloted to three promoters and a total of 15 lakh shares were alloted to five investors. The announcement was made after market hours yesterday, 17 May 2016.

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Wipro in focus after securing contract from Xactly Corporation
May 17,2016

Wipro announced a partnership with Xactly Corporation, a leading provider of enterprise-class, SaaS and cloud-based incentive solutions for employee and sales performance management. The partnership will offer sales performance management (SPM) solutions for customer organizations across industry sectors in a software as a service model. The announcement was made after market hours yesterday, 16 May 2016.

TCS said that Siemens, a leading global technology powerhouse and the company will leverage their longstanding partnership to expand and enhance the delivery of product performance intelligence through big data analytics to the global manufacturing industry. The announcement was made after market hours yesterday, 16 May 2016.

Shares of public sector oil marketing companies (PSU OMCs) will be in focus after Indian Oil Corporation (IOCL) yesterday, 16 May 2016, announced an increase in the price of petrol and diesel with effect from the midnight of 16/17 May 2016. Petrol price was hiked by Rs 0.83 per litre and diesel price was raised by Rs 1.26 a litre at Delhi (including state levies) with corresponding price revision in other states. After the latest revision, petrol in Delhi costs Rs 63.02 per litre and diesel costs Rs 51.67 a litre.

NTPC announced that it has entered into an agreement with Coal India for formation of a 50:50 joint venture company to take up the revival of fertilizer plants of Fertilizer Corporation of India (FCIL) at Sindri, Bihar and Gorakhpur, Uttar Pradesh by setting up an ammonia urea plant at each location. The announcement was made after market hours yesterday, 16 May 2016.

ITC announced that the scheme of amalgamation of BFIL Finance with Russell Credit became effective from 16 May 2016. BFIL Finance is a wholly owned subsidiary of Russell Credit, which in turn is a wholly owned subsidiary of ITC. Consequently, BFIL Finance has ceased to be a subsidiary of Russell Credit and that of ITC with effect from 16 May 2016. The announcement was made after market hours yesterday, 16 May 2016.

Petronet LNGs net profit fell 20.43% to Rs 239.27 crore on 15.39% decline in total income to Rs 6107.95 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Solar Industries Indias consolidated net profit rose 20.24% to Rs 48.21 crore on 10.83% rise in net sales to Rs 428.84 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Solar Industries India said that the board of directors of the company considered and approved 5 for 1 stock split.

Triveni Engineering & Industries reported consolidated net profit of Rs 44.14 crore in Q4 March 2016 compared with consolidated net loss of Rs 85.60 crore in Q4 March 2015. Consolidated net total income from operations rose 4.55% to Rs 468.05 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

Advani Hotels & Resorts (India)s net profit rose 79% to Rs 4.23 crore on 18% rise in operational income to Rs 17.14 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 16 May 2016.

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Bank of Baroda in focus after Q4 results
May 16,2016

Shares of Bank of Baroda (BoB) may edge lower after the bank reported net loss of Rs 3230.14 crore in Q4 March 2016 comapared with net profit of Rs 598.35 crore in Q4 March 2015. Total income rose 6.06% to Rs 12789.06 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016. The banks gross non-performing assets (NPA) stood at Rs 40521.04 crore as on 31 March 2016 compared with Rs 38934.11 crore as on 31 December 2015 and Rs 16261.45 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.99% as on 31 March 2016 compared with 9.68% as on 31 December 2015 and 3.72% as on 31 March 2015. The ratio of net NPA to net advances stood at 5.06% as on 31 March 2016 compared with 5.67% as on 31 December 2015 and 1.89% as on 31 March 2015. BOBs provisions and contingencies jumped 277.31% to Rs 6857.66 crore in Q4 March 2016 over Q4 March 2015.

BOBs board of directors has not announced dividend for the financial year ended 31 March 2016 (FY 2016) as the bank reported net loss in FY 2016.

BoB said that its asset quality has stabilized and that the management expects the bank to return to black during the current financial year. The state-run bank posted a massive net loss of Rs 5395.55 crore in the year ended 31 March 2016 (FY 2016) as against a net profit of Rs 3398.43 crore in the year ended 31 March 2015 (FY 2015). The reason for the massive net loss was due to additional provisions that the state-run bank made with respect to certain loans in Q3 December 2015 and Q4 March 2016 as a part of an asset quality review (AQR) being carried out by the Reserve Bank of India for the banking sector as a whole. The provision coverage ratio (PCR) of the bank improved to 60.09% as on 31 March 2016 from 52.7% as on 31 December 2015. The total restructured standard assets of the bank dropped to Rs 13735 crore on 31 March 2016 from Rs 17135 crore as on 31 December 2015.

Union Bank of Indias (UBI) net profit fell 78.34% to Rs 96.12 crore on 5.32% decline in total income to Rs 8884.41 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016. The banks gross non-performing assets (NPA) stood at Rs 24170.89 crore as on 31 March 2016 compared with Rs 18495.16 crore as on 31 December 2015 and Rs 13030.87 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 8.7% as on 31 March 2016 compared with 7.05% as on 31 December 2015 and 4.96% as on 31 March 2015. The ratio of net NPA to net advances stood at 5.25% as on 31 March 2016 compared with 4.07% as on 31 December 2015 and 2.71% as on 31 March 2015. UBIs provisions and contingencies rose 54.92% to Rs 1564.67 crore in Q4 March 2016 over Q4 March 2015. The banks provision coverage ratio stood at 50.98% as on 31 March 2016.

Among prominent results, Petronet LNG, Tata Coffee, Brigade Enterprises and JK Tyre & Industries are scheduled to announce their Q4 March 2016 results today, 16 May 2016.

Ahluwalia Contracts (India) announced that it has secured new orders aggregating to about Rs 492.65 crore. The companys unexecuted order book as on date stands at Rs 4507 crore, Ahluwalia Contracts (India) said. The announcement was made after market hours on Friday, 13 May 2016.

Bayer CropSciences net profit fell 61.98% to Rs 16.50 crore on 8.56% decline in total income to Rs 540.90 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 13 May 2016.

Piramal Enterprises announced after market hours on Friday, 13 May 2016, that its consumer products division has entered into an agreement to acquire four brands from Pfizer for a consideration of Rs 110 crore. The acquisition includes brands namely Ferradol, Neko, Sloans and Waterburys Compound. Additionally the agreement also includes the trademark rights for Ferradol and Waterburys Compound in Bangladesh and Sri Lanka. These brands hold a rich legacy and have a high consumer pull and are available in India for the past 30 plus years, Piramal said in a statement. These products currently operate in a market which is currently estimated at Rs 7000 crore, it added. Completion of the deal is subject to certain conditions including regulatory approvals, Piramal said.

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Nestle India in focus after Q1 results
May 13,2016

Nestle Indias net profit fell 19.13% to Rs 259 crore on 8.5% decline in total income from operations (net) to Rs 2302.46 crore in Q1 March 2016 over Q1 March 2015. The result hit the market after trading hours yesterday, 12 May 2016. The company said that the Maggi Noodles issue adversely impacted the financial performance in the first quarter. Nestle relaunched Maggi noodles in the market at the beginning of November 2015 after it withdrew the product from the market in June 2015 amid allegations that it contained high levels of lead.

Nestle Indias Chairman and Managing Director Suresh Narayanan said that Maggi noodles has already regained leadership with over 50% market share within 5 months of relaunch. He said that Nestle India is gearing up for volume growth with renewed focus and commitment on consumer relevant innovation and renovation. Narayanan said that the management is working on increasing penetration for all product categories of the company including milk & nutrition, chocolate & confectionary and coffee & beverages. Narayanan said that the companys Q1 March 2016 results show further improvement in sequential performance, both in sales and profit margins.

Shares of Crompton Greaves Consumer Electricals (CGCEL) gets listed on the stock exchanges today, 13 May 2016. Crompton Greaves demerged its consumer products business on a going concern basis into a wholly owned subsidiary CGCEL. As per the demerger scheme, CGCEL had issued and allotted one fully paid-up equity share of Rs 2 each for every one equity share of Rs 2 each held in Crompton Greaves.

Bank of Baroda is scheduled to announce its Q4 March 2016 results today, 13 May 2016.

Bank of Maharashtra reported net loss of Rs 119.84 crore in Q4 March 2016 compared with net profit of Rs 112.72 crore in Q4 March 2015. The result hit the market at the fag end of trading session yesterday, 12 May 2016. The banks gross non-performing assets (NPA) stood at Rs 10385.85 crore as on 31 March 2016, as against Rs 8301.62 crore as on 31 December 2015 and Rs 6402.06 crore as on 31 March 2015. The ratio of gross NPA to gross advances stood at 9.34% as on 31 March 2016, as against 7.97% as on 31 December 2015 and 6.33% as on 31 March 2015. The ratio of net NPA to net advances stood at 6.35% as on 31 March 2016 as against 5.52% as on 31 December 2015 and 4.19% as on 31 March 2015. The banks provisions and contingencies rose 57.32% to Rs 679.51 crore in Q4 March 2016 over Q4 March 2015.

Manappuram Finances consolidated net profit rose 86.63% to Rs 130.70 crore on 27.72% growth in total income to Rs 655.54 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

Kokuyo Camlins net profit declined 45.49% to Rs 2.36 crore on 8.63% growth in net total income from operations to Rs 177.14 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

Magma Fincorps consolidated net profit rose 25% to Rs 65.30 crore on 2.08% growth in net total income from operations to Rs 633 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 12 May 2016.

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Apollo Tyres in spotlight after Q4 earnings
May 12,2016

Apollo Tyres consolidated net profit fell 20.26% to Rs 245.16 crore on 4.61% decline in total income to Rs 3009.36 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016. Apollo Tyres board of directors at its meeting held yesterday, 11 May 2016, approved the issue of non convertible debentures aggregating to Rs 1000 crore on private placement basis, in one or more tranches.

On a consolidated basis, Oracle Financial Services Softwares net profit fell 3% to Rs 224.40 crore on 7% increase in total revenues to Rs 1013 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, net profit fell 2% to Rs 1165.80 crore on 5% increase in total revenues to Rs 4092.80 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 11 May 2016.

Adani Power announced that it has raised Rs 330 crore by allotment of 3,300 rated, listed, redeemable, zero coupon, non- convertible debentures (NCDs) of the face value of Rs 10 lakh each on private placement basis. The NCDs will be listed on the wholesale debt market segment of BSE. The announcement was made after market hours yesterday, 11 May 2016.

Jubilant Life Sciences announced that one of its wholly-owned subsidiaries, Jubilant DraxImage Inc (JDI) and Cyclopharm have mutually terminated their previously announced term sheet for exclusive commercial rights of Technegas in the US market. Both parties have agreed to discuss potential commercial opportunities once Cyclopharm obtains United States Food and Drug Administration (USFDA) approval for Technegas, Jubilant Life Sciences said in a statement. The announcement was made after market hours yesterday, 11 May 2016.

TVS Srichakras net profit rose 51.16% to Rs 51.44 crore on 12.95% growth in net total income from operations to Rs 525.24 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

Gulf Oil Lubricants Indias net profit rose 38.17% to Rs 30.04 crore on 3.06% growth in net total income from operations to Rs 271.89 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 11 May 2016.

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Zee Entertainment in focus after Q4 results
May 11,2016

Zee Entertainment Enterprises (Zee) consolidated net profit rose 12.93% to Rs 260.61 crore on 12.39% growth in total income to Rs 1577.37 crore in Q4 March 2016 over Q4 March 2015. Advertising revenue rose 29.1% to Rs 864.50 crore in Q4 March 2016 over Q4 March 2015. Subscription revenue rose 16.4% to Rs 594.40 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) rose 52.8% to Rs 413.60 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Zees board of directors at its meeting held yesterday, 10 May 2016, has taken on record the conclusion of acquisition of 49% equity stake in Fly By Wire International (FBW). It may be recalled that Zee had in March this year announced the acquisition of 100% equity stake in FBW which is engaged in aircraft charter services under a NSOP license from Director General of Civil Aviation (DGCA). At that time, Zee said that it initially proposes to acquire 49% equity stake in FBW and the balance 51% equity stake shall be acquired within 5 days of receipt of approval from Ministry of Civil Aviation. The process is expected to be completed by mid-July 2016, Zee said at that time.

Kotak Mahindra Bank and Asian Paints will announce their January-March 2016 quarter results today, 11 May 2016.

NTPC after market hours yesterday, 10 May 2016, announced the commissioning of a 200 megawatts (MW) solar power project at Anantapuram.

Kirloskar Brothers net profit fell 41.46% to Rs 21.09 crore on 7.71% decline in net total income from operations to Rs 502.37 crore in Q4 March 2016 over Q4 March 2015. The decline in bottom line during the quarter would have been worse if not for a sharp surge in other income or non-operational income. Other income jumped 224.69% to Rs 10.65 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Automotive Axles net profit surged 119.39% to Rs 10.86 crore on 21.89% growth in net total income from operations to Rs 311.79 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

SKF Indias net profit declined 0.11% to Rs 51.18 crore on 0.26% growth in net total income from operations to Rs 587.81 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015. The result was announced after market hours yesterday, 10 May 2016.

Radico Khaitans net profit declined 0.87% to Rs 14.77 crore on 9.97% growth in net total income from operations to Rs 377.64 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 10 May 2016.

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Ujjivan Financial Services lists today
May 10,2016

Microfinance firm Ujjivan Financial Services debuts on the secondary equity market today, 10 May 2016. The company had priced the initial public offer (IPO) at the top end of the Rs 207 to Rs 210 per share price band for the IPO. The IPO closed on 2 May 2016. It was subscribed 40.68 times and it received bids for a total of 120.68 crore shares.

Tata Steel will be in focus. The board of Tata Steel Europe announced that seven expressions of interest submitted for Tata Steels UK business have been immediately taken forward to the next stage of the sale process. In addition, Tata Steel Europe is clarifying outstanding points with a number of other parties who have submitted an expression of interest. The remaining parties who submitted expressions of interest have been thanked for their participation in the process but informed that their expressions would not be taken forward currently. As previously announced it is Tata Steel Europes primary intention to assess expressions of interest for the whole of Tata Steels UK business. The seven expressions of interest being immediately taken forward are on this basis. Expressions of interest for parts of the UK business are not being taken forward at this point. In the next phase of the sales process the progressing interested parties will be given access to further business information and management team presentations in order for them to rapidly progress their interest to a binding stage. The announcement was made after trading hours yesterday, 9 May 2016.

Tata Steel Europe said on 20 April 2016 that it welcomes credible expressions of interest for Tata Steel UKs operations. The company issued the clarification after recent media reports suggesting a possible management buyout of Tata Steels Port Talbot manufacturing facilities in UK. Port Talbot is Tata Steels biggest UK plant with about 4,000 workers, according to reports. On 11 April 2016, Tata Steel Europe announced that the company has commenced the formal process for the divestment of its entire holding in its British subsidiary Tata Steel UK. Tata Steel Europe has decided to sell its entire holding in Tata Steel UK due to the deteriorating financial performance of the UK subsidiary.

City Union Bank announced that the Reserve Bank of India (RBI) vide its letter dated 6 May 2016, gave its approval for the appointment of S. Mahalingam as the part-time Chairman of the bank for a period of three years with effect from 4 May 2016. The announcement was made after market hours yesterday, 9 May 2016.

Shakti Pumps (India)s board of directors at a meeting held yesterday, 9 May 2016, approved the conversion of 15 lakh compulsory convertible preference shares of Rs 100 each held by AFHoldings into 16.36 lakh ordinary equity shares of Rs 10 each, constituting 8.9% of the paid-up share capital of the company on fully diluted basis and ranking pari passu with the existing equity shares of the company. The announcement was made after market hours yesterday, 9 May 2016.

VA Tech Wabag announced that it has liquidated its step-down subsidiary Beijing VA Tech Wabag Water Treatment Technology Co. Ltd. The announcement was made after market hours yesterday, 9 May 2016.

Datamatics Global Services (DGSL) announced that a consortium of the company and Mikroelektronika have won a contract to provide automatic fare collection (AFC) system for the North-South corridor (Phase IA) of the Lucknow Metro Rail project. The contract has been awarded to the consortium at about Rs 64 crore, DGSL said. The announcement was made after market hours yesterday, 9 May 2016.

Zee Entertainment Enterprises is scheduled to announce its Q4 March 2016 results today, 10 May 2016.

Shares of GM Breweries turn ex-dividend today, 10 May 2016, for final dividend of Rs 2.50 per share for the year ended 31 March 2016.

Shares of Godrej Consumer Products turn ex-dividend today, 10 May 2016, for interim dividend of Rs 2.75 per share for the year ended 31 March 2016.

Net profit of ALSTOM India declined 61.91% to Rs 27.40 crore on 54.17% decline in net sales to Rs 369.53 crore in Q4 March 2016 over Q4 March 2015. The company reported net loss of Rs 78.77 crore in the year ended March 2016 as against net profit of Rs 177.07 crore in the year ended March 2015. Net sales declined 18.78% to Rs 1717.75 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 9 May 2016.

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Thyrocare Technologies to list today
May 09,2016

Diagnostic chain operator Thyrocare Technologies debuts on the secondary equity market today, 9 May 2016. The company had priced the initial public offer (IPO) at the top end of the Rs 420 to Rs 446 per share price band. The IPO ended on 29 April 2016. It received bids for a total of 55.31 crore shares and it was subscribed 73.55 times. The qualified institutional buyers (QIBs) category was subscribed 73.17 times. The non-institutional investors category was subscribed 225.03 times. The retail individual investors category was subscribed 8.72 times.

Net profit of Reliance Capital rose 1.97% to Rs 415 crore on 11.2% rise in total income to Rs 2828 crore in Q4 March 2016 over Q4 March 2015. Net profit rose 9.99% to Rs 1101 crore on 12% rise in total income to Rs 9998 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Hindustan Unilever (HUL) will announce its Q4 results on today, 9 May 2016.

ITC announced on Sunday, 8 May 2016, that the cigarette factories are commencing production progressively. ITC had announced on 5 May 2016 that the company had to shut its cigarette factories from 4 May 2016 until it is in a position to comply with the interim requirements pending hearing in the Karnataka High Court after Supreme Court on 4 May 2016 passed an order transferring to the Karnataka High Court all writ petitions pending in various courts challenging the rules prescribing 85% pictorial warnings on packages of tobacco products. The Supreme Court observed that all parties should endeavour to follow the rules.

Metal stocks may decline as Chinas exports unexpectedly fell in April as weak demand continued to weigh on the worlds second-largest economy. Exports declined 1.8% in April in dollar terms, reversing an increase of 11.5% the previous month, the General Administration of Customs said Sunday, 8 May 2016. Imports in April fell by a sharper-than-expected 10.9% from a year earlier, compared with a 7.6% drop in March. Chinas trade surplus widened more than expected last month to $45.56 billion from $29.86 billion in March. China is the worlds largest consumer of steel, copper and aluminum.

Siemens net profit rose 9.61% to Rs 177.42 crore on 4.76% increase in total income to Rs 2810.59 crore in Q2 March 2016 over Q2 March 2015. The result was announced after market hours on Friday, 6 May 2016.

Sun Pharma Advanced Research Company (SPARC) reported a net loss of Rs 9.58 crore in Q4 March 2016 compared with the net loss of Rs 9.40 crore in Q4 March 2015. Total income rose 0.83% to Rs 43.49 crore in Q4 March 2016 over Q4 March 2015.

SPARC reported a net loss of Rs 69.99 crore in the year ended March 2016 compared with the net loss of Rs 39.52 crore in the year ended March 2015. Total income rose 3.43% to Rs 164.22 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Net profit of Titan Company declined 14.40% to Rs 184.11 crore on 1.51% decline in net sales to Rs 2437.15 crore in Q4 March 2016 over Q4 March 2015. Net profit declined 14.24% to Rs 705.85 crore on 5.21% decline in net sales to Rs 11176.90 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours on Friday, 6 May 2016.

Titan said in a statement that Q4 March 2016 and the year ended March 2016 was an extremely challenging one for the company. The challenges faced were both on account of weak market conditions for all businesses and new regulatory restrictions for the jewellery business. The performance came in the backdrop of an environment where the consumer sentiment did not pick up as expected. The strength of the companys brands was tested in an environment of subdued sales across all retail formats of the company as well as related categories. Weak consumer sentiment had an impact on retail sales across all businesses, the company said.

The watches business of the company recorded an income of Rs 1953.55 crore, a growth of 1.7%. This was achieved through planning and execution of various initiatives including new products and campaigns. The key highlight of the year was Titans entry into the world of smart watches through launch of Titan Juxt. The income from Jewellery segment saw a decline of 7.6% at Rs 8717.40 crore. The absence of revenues from the Golden Harvest scheme for the first eight months of the current fiscal and the disruption caused by the industry-wide strike in the last quarter contributed significantly to the decline in revenue. The year saw launch of many successful collections in jewellery as well as an effective wedding campaign. The income from Eyewear business was Rs 371.58 crore, recording a healthy growth of 11.8% on the bock of an aggressive network expansion strategy. Other businesses of the company comprising precision engineering business, accessories and fragrances recorded a sale of Rs 235.17 crore, a growth of 1.3%.

The year witnessed aggressive expansion of its retail network with a net addition of 82 stores by watches, jewellery and eyewear businesses. As on 31 March 2016, the company had 1283 stores, with over 1.7 million square feet of retail space delivering a retail turnover in excess of Rs 11,010 crore, the company added.

Meanwhile, Titan Company said that its board approved acquisition of majority stake in Chennai-based Carat Lane Trading, a leading online jewellery brand. It sells its products through its website Caratlane.com. The company has also developed omni-channel capabilities and has currently 13 stores across the country with plans to ramp up the retail stores significantly in the future. The financial details of the acquisition will be furnished after the conclusion of the accounting due diligence of the target. Acquisition is expected to be completed on or before mid June 2016. The proposed acquisition does not fall within related party transaction and the promoters of Titan Company have no interest in the entity proposed to be acquired. Mr. Bhaskar Bhat, Managing Director of the Company stated that for Titan, the acquisition brings significant capabilities in the e-commerce space along with a brand, a customer segment and an exciting business model.

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Hero MotoCorp may gain after strong Q4 outcome
May 06,2016

Hero MotoCorps net profit rose 70.85% to Rs 814.16 crore on 10.57% increase in total income to Rs 7614.61 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest, taxation, depreciation and amortization (EBITDA) margin edged higher to 15.65% in Q4 March 2016, from 12.34% in Q4 March 2015. The result was announced after trading hours yesterday, 5 May 2016.

The improved profit margins were the combined result of the highest-ever quarterly sales of 17.21 lakh units and several margin improvement initiatives taken during the period, the company said in a statement.

Hero MotoCorps board recommended a final dividend of Rs 32 per share for the financial year ended 31 March 2016.

Banking stocks will be in focus after the Reserve Bank of India (RBI) issued draft guidelines on granting licences on a continuous basis for setting up of universal banks in the private sector. The bank can be promoted by a non-banking finance company (NBFC) controlled by residents with a successful track record for at least 10 years and individuals/professionals who are residents and have 10 years of experience in banking and finance. The RBI has also allowed entities/groups in the private sector owned and controlled by residents to promote a universal bank subject to the condition that the non-financial business of the group does not account for 40% or more in terms of total assets/gross income. The initial minimum paid-up voting equity capital for a universal bank has been set at Rs 500 crore. Thereafter, the bank will be required to have a minimum net worth of Rs 500 crore at all times. The bank will have to open at least 25% of its branches in unbanked rural centres (population up to 9,999 as per the latest census). The bank will have to comply with the priority sector lending targets and sub-targets as applicable to the existing domestic scheduled commercial banks. The board of the bank should have a majority of independent directors, as per the draft guidelines.

The promoter group of the bank will be required to hold a minimum of 40% of the paid-up voting equity capital of the bank with a lock-in period of five years from the date of commencement of the business of the bank. The promoter group has to reduce its holding in the bank to 15% within a period of 12 years from the date of commencement of business of the bank. The bank will be required to get its shares listed on the stock exchanges within six years of the commencement of business. The RBI has invited feedback from the public on the draft guidelines by 30 June 2016.

ITC announced that the Supreme Court on 4 May 2016 passed an order transferring to the Karnataka High Court all writ petitions pending in various courts challenging the rules prescribing 85% pictorial warnings on packages of tobacco products. The Supreme Court observed that all parties should endeavour to follow the rules. In the meantime, ITC has had to shut its cigarette factories from 4 May 2016 until the company is in a position to comply with the interim requirements pending hearing in the Karnataka High Court, the company said. The announcement was made after market hours yesterday, 5 May 2016.

Bharti Airtel said that its subsidiary, Bharti Airtel International (Netherlands) BV, and Helios Towers Africa (HTA), a leading independent telecoms towers company in Africa, announced an agreement for the divestment of approximately 950 telecoms towers in the Democratic Republic of Congo (DRC) from Bharti Airtel to HTA. The divestment also includes towers currently under construction in the DRC. The agreement will allow the company to focus on its core business and customers, while enabling it to deleverage through debt reduction, Bharti Airtel said. The deal will significantly reduce the companys ongoing capital expenditure on passive infrastructure and also mitigate the proliferation of towers through enhanced sharing, Bharti Airtel said. The deal will help expand HTAs tower coverage in Africa to over 6,500 owned towers.

The agreement follows Bharti Airtels and HTAs strategies to drive cost efficiencies throughout the industry, the promotion of passive infrastructure and to mitigate against the proliferation of towers. Post deal, Bharti Airtel will have full access to the towers from HTA under a long term lease contract. The agreement is subject to statutory and regulatory approvals in the respective countries. The announcement was made after trading hours yesterday, 5 May 2016.

Wipro after trading hours yesterday, 5 May 2016, announced that it has successfully implemented its Software as a Service (SaaS) platform- Managed File Transfer as a Service (MFTaaS) on Amazon Web Services (AWS) for organizations, thereby helping them integrate digitally with their clients, partners and employees. Wipro anticipates that the MFTaaS platform can potentially reduce up to 30% in TCO (Total Cost of Ownership) for its clients vis-a-vis traditional deployments, the company said in a statement.

In a separate announcement, Wipro said that it has won a multi-year contract from Thames Water in the United Kingdom. Wipro will develop new IT systems and processes to help Thames Water improve customer experience and drive operational efficiencies. The announcement was made after trading hours yesterday, 5 May 2016.

NTPC after trading hours yesterday, 5 May 2016, announced that it has raised Rs 1000 crore through private placement of secured non-convertible debentures at a coupon of 8.05% per annum with a 10 year door-to-door maturity. The proceeds of the issue will be utilized to finance capital expenditure/refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.

Emamis consolidated net profit fell 45.2% to Rs 75.85 crore on 17.3% increase in total income to Rs 676.79 crore in Q4 March 2016 over Q4 March 2015. The result was announced after trading hours yesterday, 5 May 2016. Meanwhile, Emami said that Emami International FZE, (a wholly owned subsidiary of the company based in Dubai) has further acquired 18.33% of the share capital of its subsidiary Fravin Pty., Australia. Consequent to the acquisition of shares, aggregate shareholding of Emami International FZE in its subsidiary company Fravin Pty has increased to 85% of share capital of Fravin Pty. from 66.67 %.

Multi Commodity Exchange of India (MCX)s net profit fell 45% to Rs 27.10 crore on 14.8% fall in total income to Rs 83.35 crore in Q4 March 2016 over Q4 March 2015. The result was announced after trading hours yesterday, 5 May 2016.

SML Isuzu has scheduled a board meeting on 10 May 2016, to consider a proposal for raising long term borrowings by way of external commercial borrowings (ECB) for partial funding of capital expenditure plan of Rs 220 crore towards product improvement / variants and up-gradation of technology and plant infrastructure. The announcement was made after trading hours yesterday, 5 May 2016.

Syndicate Bank said it allotted 9.51 crore equity shares of face value of Rs 10 each for cash at an issue price of Rs 77.79 each, aggregating to Rs 740 crore on preferential basis to Government of India. The announcement was made after trading hours yesterday, 5 May 2016.

On a consolidated basis, Great Eastern Shipping Company (GE Shipping)s net profit fell 57.51% to Rs 58.20 crore on 7.26% increase in total income to Rs 968.42 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, GE Shippings net profit rose 38.91% to Rs 1039.40 crore on 9.83% increase in total income to Rs 4078.51 crore in the year ended March 2016 over the year ended March 2015. The result was announced after trading hours today, 5 May 2016.

In a separate announcement, GE Shipping said that its board approved raising upto Rs 1500 crore through private placement of non-convertible debentures during the year.

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Eicher Motors, Hero MotoCorp in focus ahead of earnings
May 05,2016

Eicher Motors and Hero MotoCorp are scheduled to announce their Q4 March 2016 results today, 5 May 2016.

Wipro and Qlik, a leader in visual analytics, have collaborated to offer advanced enterprise analytics solutions to joint customers across industry sectors. Wipros competency in delivering end-to-end Business Intelligence (BI) solutions combined with QlikView, Qliks market-leading data discovery solution, will widen the scope and scale of visualization solutions offered to customers, Wipro said in a statement.

As part of this expanded alliance, QlikView is now fully integrated into Wipros SmartView-ServiceNXT analytics solution which converts complex data to easy visuals, leading to simplified decision making. This integrated environment will result in customized offerings that will help organizations model, optimize, forecast, budget, execute, manage, and measure product and customer performance across the globe at the click of a button. In addition, QlikView has been integrated into Wipros SNIPE-BI Transformation Solution, which empowers enterprises to simplify the BI landscape by standardizing and setting up the right set of governance, processes and policies with robust migration frameworks, tools, and accelerators to assist in seamless transformation journeys.

Wipro and Qlik will jointly bring these solutions to market. The companies will collaborate and drive the resultant synergies to customers to deliver a self-service analytics culture. The companies have been jointly hosting several initiatives to upskill and cross-skill resources from Wipro, including Innovation Days and Qlik Academy courses. The announcement was made after market hours yesterday, 4 May 2016.

HDFC after trading hours yesterday, 4 May 2016, announced that it intends to raise Rs 1135 crore through private placement of senior secured redeemable non-convertible debentures. HDFC said that the coupon rate of debentures is 8.34% per annum with a tenor of 2 years and 10 months. The issue opens and closes on the same day on 6 May 2016. The object of the issue is to augment the long-term resources of the company.

Sun Pharmaceutical Industries after trading hours yesterday, 4 May 2016, announced that the two pivotal phase-3 clinical trials evaluating the efficacy and safety of the investigational IL-23p19 inhibitor antibody tildrakizumab (MK-3222) in patients with moderate-to-severe plaque psoriasis met their primary endpoints for both evaluated doses. The overall safety profile of tildrakizumab in both phase-3 clinical trials was consistent with the safety data observed in previously reported studies, the company said. The preparations for submission of a Biologics License Application to the US Food and Drug Administration (USFDA) are proceeding. The detailed findings from the phase-3 clinical trials will be presented at upcoming scientific meetings.

On a consolidated basis, Jindal Steel & Power (JSPL) reported net loss of Rs 363 crore in Q4 March 2016, lower than net loss of Rs 581 crore in Q4 March 2015. Turnover rose 7% to Rs 4874 crore in Q4 March 2016 over Q4 March 2015. Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) rose 9% to Rs 896 crore in Q4 March 2016 over Q4 March 2015. EBITDA margin was reported at 18% in Q4 March 2016, same as in in Q4 March 2015. The result was announced after market hours yesterday, 4 May 2016.

On a consolidated basis, JSPL reported net loss of Rs 1999 crore in the year ended March 2016, higher than net loss of Rs 1455 crore in the year ended March 2015. Turnover fell 6% to Rs 18412 crore in the year ended March 2016 over the year ended March 2015. EBITDA fell 39% to Rs 3483 crore in the year ended March 2016 over the year ended March 2015. EBITDA margin was reported at 19% in the year ended March 2016, lower than 29% in in the year ended March 2015.

In its outlook, JSPL said that its endeavor for the year ending March 2017 (FY 2017) would be to fully utilize its consolidated capacities of 6.75 MTPA in steel. With Steel prices looking up in recent times on the back of rise in global steel prices and government support through minimum import price (MIP), the company is looking to improve its net sales realization (NSR) substantially during the year and generate higher EBITDA. Ramp up of Oman rebar mill and commissioning of Angul rebar mill should further help increase these realizations.

In power business, the company expects the demand to pick up, both in short term & long term markets. With the summer setting in, the demand and the exchange prices should move higher; helping the company generate higher revenues. Also, the company believes the UDAY scheme by the Government of India is a commendable scheme, which could catalyze the PPA markets in the coming year. JPL is well placed to make competitive bids whence the PPAs began to come up and would look to tie up as much capacity, the company said in a statement.

Supported by governments novel initiatives like Make-in-India campaign, 24X7 power, housing for all, dedicated freight corridors, smart city initiative, JSPL envisages the demand for steel and power to increase in near future and help JSPL sweat its assets to generate additional revenues and higher operating profits in FY 2017 and beyond, the company added.

V-Guard Industries net profit surged 109.1% to Rs 41.97 crore on 16% rise in net sales to Rs 510.07 crore in Q4 March 2016 over Q4 March 2015. The Q4 result was announced after market hours yesterday, 4 May 2016.

Engineers India (EIL) will be watched. Sonangol is planning to set up 200,000 barrels per stream day (BPSD) (9.5 million metric tonnes per annum) refinery in Lobito, Angola. EIL has been awarded FEED revalidation, licensor selection and BDEP review of Lobito refinery assignment by Sonangol, Angola. The refinery will produce LPG, gasoline, diesel, jet al, coke and sulphur, EIL said in a statement. Financial details of the deal were not disclosed. The announcement was made after market hours yesterday, 4 May 2016.

MOIL said that the Government of Maharashtra has granted mining lease over 53.75 hectare in village Parsoda, Nagpur district in favour of the company. The lease has been executed and registered by the company, MOIL said. The announcement was made after market hours yesterday, 4 May 2016.

Dewan Housing Finance Corporation (DHFL)s net profit rose 16.87% to Rs 189.66 crore on 24.27% increase in total income to Rs 1966.57 crore in Q4 March 2016 over Q4 March 2015.

DHFLs net profit rose 17.37% to Rs 729.20 crore on 22.32% increase in total income to Rs 7316.72 crore in the year ended March 2016 over the year ended March 2015.

On a consolidated basis, the companys net profit rose 16.63% to Rs 749.30 crore on 22.33% increase in total income to Rs 7856.65 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 4 May 2016.

In a separate announcement after trading hours today, 4 May 2016, the company announced that its board approved further issuance of non-convertible secured debentures (NCDs) upto Rs 5000 crore, non-convertible subordinated unsecured debentures upto Rs 1000 crore and non convertible perpetual unsecured debentures upto Rs 300 crore for the ensuing quarter and till the date of the next board meeting.

The board also approved the company to seek shareholders approval in the upcoming Annual General Meeting (AGM) for issuing non-convertible secured/unsecured debentures upto Rs 20000 crore, non-convertible subordinated unsecured debentures upto Rs 2000 crore, non-convertible perpetual unsecured debentures upto Rs 500 crore and any other hybrid instrument(s) which can be classified as being Tier II, on private placement basis.

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APSEZ may gain after declaring good Q4 result
May 04,2016

Adani Ports and Special Economic Zones (APSEZ) consolidated net profit rose 38.34% to Rs 914.06 crore on 18% increase in total income to Rs 2161.65 crore in Q4 March 2016 over Q4 March 2015. EBITDA (earnings before interest, taxes, depreciation and amortization) excluding other income rose 12% to Rs 1225 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 3 May 2016.

Cargo across all ports handled by the company rose 5% to 152 million metric tonnes (MMT) in the year ended 31 March 2016 over the year ended 31 March 2015. The company has given guidance of 10% to 15% growth in cargo volumes for the year ending 31 March 2017 (FY 2017). It has given guidance of 10% to 15% growth in net profit for FY 2017.

In a separate announcement, APSEZ said that its board of directors has decided to seek shareholders approval to raise funds by issue of equity shares/convertible bonds for an aggregate amount of up to Rs 10000 crore. The board has also decided to seek shareholders approval to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company.

Bharti Airtel announced after market hours yesterday, 3 May 2016, that its subsidiary Airtel M-Commerce Services has been renamed as Airtel Payments Bank after receiving necessary approvals from all concerned authorities. The company also unveiled a new logo to reflect its new identity. On 11 April 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking network in the second quarter of the current financial year. Airtel Payments Bank (which began operations in 2011 as Airtel M-Commerce Services) currently provides money transfer services and semi-closed wallet services (Airtel Money). The company has presence in 800 plus towns across India.

Yes Bank announced reduction in lending rates by 10 basis points (bps) across all tenures with effect from 1 May 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for one-year loans now stands at 9.50%, the bank said. The announcement was made after trading hours yesterday, 3 May 2016.

NTPC announced that the 200 megawatts (MW) out of 250 MW of Stage-I Ananthapuramu Ultra Mega Solar Power Project has been synchronized on 30 April 2016. With this, the total capacity of non-conventional energy projects of NTPC has become 310 MW. Further, in continuation to the companys disclosure dated 16 October 2015, Government of Jharkhand has notified PTPS Transfer Scheme, 2015 on 1 April 2016 transferring specified assets of Patratu Thermal Power Station to PUVNL, a subsidiary company of NTPC, resulting in addition of 325 MW to NTPCs Group capacity. Consequently, the total commissioned capacity of NTPC and NTPC group has become 40,212 MW and 47,178 MW respectively, NTPC said. The announcement was made after market hours yesterday, 3 May 2016.

Tata Motors announced that its total sales of commercial and passenger vehicles rose 8.9% to 39,418 units in April 2016 over April 2015. Domestic sales of Tata commercial and passenger vehicles rose 10% to 35,633 units in April 2016 over April 2015. Sales from exports were flat at 3,785 units in April 2016 compared with corresponding previous year. The company announced the revised monthly sales volume data after market hours yesterday, 3 May 2016.

JSW Energy said that the company has agreed to acquire the 1,000 MW thermal power plant located at Village Tamnar, District Raigarh in the State of Chhattisgarh from Jindal Steel & Power, subject to receipt of necessary statutory and shareholder consents. The announcement was made before market hours today, 4 May 2016.

Tube Investments of India will in focus after Q4 results. On a consolidated basis, the companys net profit rose 391.83% to Rs 725.55 crore on 28.58% decline in total income to Rs 1716.47 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, the companys net profit rose 144.82% to Rs 1038.91 crore on 17.79% decline in total income to Rs 8011.93 crore in the year ended March 2016 over the year ended March 2015. The current and previous period figures are not comparable due to Cholamandalam Investment and Finance Company being considered as an associate instead of a subsidiary with effect from 2 September 2015. The result was announced after market hours yesterday, 3 May 2016.

In a separate announcement after market hours yesterday, 3 May 2016, Tube Investments of India said that its board approved fresh long-term borrowing to meet the companys fund needs during the year ending March 2017 for a sum not exceeding in the aggregate Rs 400 crore, including by way of issue of privately placed secured non-convertible debentures, in one or more tranches.

Adani Power will in focus after Q4 results. On a consolidated basis, the companys net profit rose 64.10% to Rs 1173.39 crore on 35.22% decrease in total income to Rs 4829.96 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, the company reported net profit of Rs 488.48 crore in the year ended March 2016 compared with net loss of Rs 815.63 crore in the year ended March 2015. Total income declined 22.18% to Rs 19791.44 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 3 May 2016.

Pursuant to the stake sale in Adani Transmission (India) by the company in the previous year, the merger of Solar Power Undertaking of Adani Enterprises with the company with effect from 1 April 2015 and the acquisition of 100% stake of UPCL by the company with effect from 20 April 2015, the figures for the current quarter and year are not fully comparable with the figures of corresponding quarter and previous year.

In a separate announcement after market hours yesterday, 3 May 2016, Adani Power said that its board has approved seeking approval of the shareholders for raising funds by issue of Equity Shares / convertible Bonds through Qualified Institutional Placement (QIP)/GDR/ADR/FCCBs/FCEBs/Convertible Securities for an aggregate amount upto Rs 10000 crore. Shareholders approval will be also sought in issuing secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company. All the above will be issued in the period of next twelve months through private placement mode.

Alstom T&D India will in focus after Q4 results. On a consolidated basis, the companys net profit fell 44.72% to Rs 29.87 crore on 28.53% decrease in total income to Rs 977.93 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, the companys net profit fell 35.71% to Rs 77.51 crore on 7.30% increase in total income to Rs 3450.31 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 3 May 2016.

MEP Infrastructure Developers said it won toll collection rights at Paduna toll plaza at National Highway (NH) number 8 in Rajasthan. The company said it received a Letter of Acceptance (LOA) dated 3 May 2016 from National Highways Authority of India (NHAI) informing that the company has been engaged as the contractor for the project of collection of user fee through fee collection agency on the basis of competitive bidding for Paduna toll plaza in Rajasthan. The announcement was made after market hours yesterday, 3 May 2016.

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APSEZ in focus after declaring Q4 result
May 04,2016

Adani Ports and Special Economic Zones (APSEZ) consolidated net profit rose 38.34% to Rs 914.06 crore on 18% increase in total income to Rs 2161.65 crore in Q4 March 2016 over Q4 March 2015. EBITDA (earnings before interest, taxes, depreciation and amortization) excluding other income rose 12% to Rs 1225 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours yesterday, 3 May 2016.

Cargo across all ports handled by the company rose 5% to 152 million metric tonnes (MMT) in the year ended 31 March 2016 over the year ended 31 March 2015. The company has given guidance of 10% to 15% growth in cargo volumes for the year ending 31 March 2017 (FY 2017). It has given guidance of 10% to 15% growth in net profit for FY 2017.

In a separate announcement, APSEZ said that its board of directors has decided to seek shareholders approval to raise funds by issue of equity shares/convertible bonds for an aggregate amount of up to Rs 10000 crore. The board has also decided to seek shareholders approval to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company.

Bharti Airtel announced after market hours yesterday, 3 May 2016, that its subsidiary Airtel M-Commerce Services has been renamed as Airtel Payments Bank after receiving necessary approvals from all concerned authorities. The company also unveiled a new logo to reflect its new identity. On 11 April 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). The company plans to start rolling out its banking network in the second quarter of the current financial year. Airtel Payments Bank (which began operations in 2011 as Airtel M-Commerce Services) currently provides money transfer services and semi-closed wallet services (Airtel Money). The company has presence in 800 plus towns across India.

Yes Bank announced reduction in lending rates by 10 basis points (bps) across all tenures with effect from 1 May 2016. The banks Marginal Cost of Funds based Lending Rate (MCLR) for one-year loans now stands at 9.50%, the bank said. The announcement was made after trading hours yesterday, 3 May 2016.

NTPC announced that the 200 megawatts (MW) out of 250 MW of Stage-I Ananthapuramu Ultra Mega Solar Power Project has been synchronized on 30 April 2016. With this, the total capacity of non-conventional energy projects of NTPC has become 310 MW. Further, in continuation to the companys disclosure dated 16 October 2015, Government of Jharkhand has notified PTPS Transfer Scheme, 2015 on 1 April 2016 transferring specified assets of Patratu Thermal Power Station to PUVNL, a subsidiary company of NTPC, resulting in addition of 325 MW to NTPCs Group capacity. Consequently, the total commissioned capacity of NTPC and NTPC group has become 40,212 MW and 47,178 MW respectively, NTPC said. The announcement was made after market hours yesterday, 3 May 2016.

Tata Motors announced that its total sales of commercial and passenger vehicles rose 8.9% to 39,418 units in April 2016 over April 2015. Domestic sales of Tata commercial and passenger vehicles rose 10% to 35,633 units in April 2016 over April 2015. Sales from exports were flat at 3,785 units in April 2016 compared with corresponding previous year. The company announced the revised monthly sales volume data after market hours yesterday, 3 May 2016.

JSW Energy said that the company has agreed to acquire the 1,000 MW thermal power plant located at Village Tamnar, District Raigarh in the State of Chhattisgarh from Jindal Steel & Power, subject to receipt of necessary statutory and shareholder consents. The announcement was made before market hours today, 4 May 2016.

Tube Investments of India will in focus after Q4 results. On a consolidated basis, the companys net profit rose 391.83% to Rs 725.55 crore on 28.58% decline in total income to Rs 1716.47 crore in Q4 March 2016 over Q4 March 2015. On a consolidated basis, the companys net profit rose 144.82% to Rs 1038.91 crore on 17.79% decline in total income to Rs 8011.93 crore in the year ended March 2016 over the year ended March 2015. The current and previous period figures are not comparable due to Cholamandalam Investment and Finance Company being considered as an associate instead of a subsidiary with effect from 2 September 2015. The result was announced after market hours yesterday, 3 May 2016.

In a separate announcement after market hours yesterday, 3 May 2016, Tube Investments of India said that its board approved fresh long-term borrowing to meet the companys fund needs during the year ending March 2017 for a sum not exceeding in the aggregate Rs 400 crore, including by way of issue of privately placed secured non-convertible debentures, in one or more tranches.

Adani Power will be in focus after Q4 results. On a consolidated basis, the companys net profit rose 64.10% to Rs 1173.39 crore on 57.36% rise in net sales to Rs 7335.37 crore in Q4 March 2015. On a consolidated basis, the company reported net profit of Rs 488.48 crore in the year ended March 2016 compared with net loss of Rs 815.63 crore in the year ended March 2015. Total income declined 22.18% to Rs 19791.44 crore in the year ended March 2016 over the year ended March 2015. The result was announced after market hours yesterday, 3 May 2016.

Pursuant to the stake sale in Adani Transmission (India) by the company in the previous year, the merger of Solar Power Undertaking of Adani Enterprises with the company with effect from 1 April 2015 and the acquisition of 100% stake of UPCL by the company with effect from 20 April 2015, the figures for the current quarter and year are not fully comparable with the figures of corresponding quarter and previous year.

In a separate announcement after market hours yesterday, 3 May 2016, Adani Power said that its board has approved seeking approval of the shareholders for raising funds by issue of Equity Shares / convertible Bonds through Qualified Institutional Placement (QIP)/GDR/ADR/FCCBs/FCEBs/Convertible Securities for an aggregate amount upto Rs 10000 crore. Shareholders approval will be also sought in issuing secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company. All the above will be issued in the period of next twelve months through private placement mode.

Alstom T&D India will in focus after Q4 results. The companys net profit fell 44.72% to Rs 29.87 crore on 28.53% decrease in total income to Rs 977.93 crore in Q4 March 2016 over Q4 March 2015. Alstom T&D Indias net profit fell 35.71% to Rs 77.51 crore on 7.3% decrease in total income to Rs 3450.31 crore in the year ended March 2016 over the year ended March 2015.

MEP Infrastructure Developers said it won toll collection rights at Paduna toll plaza at National Highway (NH) number 8 in Rajasthan. The company said it received a Letter of Acceptance (LOA) dated 3 May 2016 from National Highways Authority of India (NHAI) informing that the company has been engaged as the contractor for the project of collection of user fee through fee collection agency on the basis of competitive bidding for Paduna toll plaza in Rajasthan. The announcement was made after market hours yesterday, 3 May 2016.

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