Tag: Results

Adani Ports Q4 net surges 38.3 pct at Rs 914.06 cr

Adani Ports Q4 net surges 38.3 pct at Rs 914.06 cr

04/05/2016 12:24

Adani Ports and Special Economic Zone Ltd reported a growth of 38.3 per cent in it’s consolidated net profit after taxes (PAT) at Rs 914.06 crore for the fourth quarter ended March 31, 2016, supported by rise in revenue from operations.

“The consolidated net profit of the Adani Group arm stood at Rs 660.73 crore during the same period a year ago,” Adani Ports and Special Economic Zone Ltd said in a filing to the BSE.

Further, the consolidated total income of the company increased 18 per cent at Rs 2,161.65 crore during Q4 FY 16, as compared to Rs 1,831.85 crore in the same quarter last year.

During the quarter under review, total expenditure of the India’s largest port developer, however, rose to Rs 977.88 crore, as against Rs 832.91 crore in Q4 FY 15.

Consolidated cargo for Q4 FY16 stood at 37 MMT thereby continuing its leadership as the single largest commercial port in India, it said in a statement.

Commenting on the performance, Adani Group, Chairman, Gautam Adani said, “Our strategy continues to bear fruit, with total operating income for the first time exceeding the US$ 1 billion mark. With an expanded footprint at 10 locations along the Indian coastline, we aim to continue to drive growth within our ports business, as well as look to the further development of industrial clusters and full-service logistics, with the ultimate goal of building a fully integrated logistics player of significant scale.”

Speaking on the results, APSEZ, CEO, Karan Adani said, “Our guidance for the next year, cargo volumes likely to see 10 per cent to 15 per cent growth and corresponding 10 per cent to 15 per cent growth in profit after tax.”

For the full year, it has posted a net profit of Rs 2,867.36 crore for the year ended March 31, 2016 as compared to Rs 2,314.33 crore for the year ended March 31, 2015. It’s total income has increased from Rs 6,837.62 crore for the year ended March 31, 2015 to Rs 7,940.55 crore for the year ended March 31, 2016.

Despite earnings, shares of the company were trading at Rs 213 apiece, down 9.71 per cent, from previous close on BSE at 12:25 hours.

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Idea Cellular Q4 net drops 38.9 pct at Rs 575.63 cr

Idea Cellular Q4 net drops 38.9 pct at Rs 575.63 cr

29/04/2016 12:31

Country’s third-biggest mobile phone operator Idea Cellular Ltd reported a steep fall of 38.9 per cent in it’s consolidated net profit after taxes (PAT) at Rs 575.63 crore for the March quarter of FY 2016, on the back of higher finance costs.

“The consolidated net profit of Idea stood at Rs 941.77 crore during the same period a year ago,” Idea Cellular Ltd said in a filing to the Bombay Stock Exchange.

However, the consolidated total income of Idea Cellular grew by 10.6 per cent at Rs 9,524.09 crore during the January-March quarter of FY 16, as compared to Rs 8,608.91 crore during the same period last fiscal.

The consolidated finance costs of Idea, part of the Aditya Birla conglomerate, jumped over two-fold to Rs 808.05 crore during its fourth quarter ended March 31, 2016, against Rs 291.65 crore last year.

It’s net debt as on March 31, 2016, stood at Rs 38,750 crore, including all deferred payment liability to be paid to government for spectrum purchased in auctions.

For the complete fiscal, it has posted a drop in its net profit after tax at Rs 3,079.93 crore for the year ended March 31, 2016 as compared to Rs 3,192.91 crore for the year ended March 31, 2015. While, its total income has increased from Rs 32,040.56 crore for the year ended March 31, 2015 to Rs 36,208.07 crore for the year ended March 31, 2016.

The company’s revenue realisation from voice calls and data per minute also declined sharply.

Idea reported voice realised rate of 33.3 paise per minute compared to 33.9 paise a minute it registered in same quarter a year ago. The realisation of revenue from data service declined to 22.9 paise per megabyte from 44.8 paise per MB during quarter under review.

The Board of Directors of the company has recommended a dividend of Re 0.60 per equity share of face value of Rs 10 each for the financial year ended March 31, 2016, subject to approval of the shareholders at the ensuing Annual General Meeting.

Meanwhile, shares of the company were trading at Rs 119.45 apiece, down 5.61 per cent, from previous close on BSE at 12:29 hours.

Dabur posts 16 pct jump in Q4 net profit

Dabur posts 16 pct jump in Q4 net profit

29/04/2016 10:11

FMCG firm Dabur reported 16.56 per cent increase in consolidated net profit at Rs 331.93 crore for January-March period and also announced setting up of a Rs 250-crore facility at Tezpur in Assam.

“In order to meet the growing demand for products of the company, the Board of Directors of the company in its meeting held on April 28, 2016, has approved a capex of Rs 250 crore for setting up a manufacturing plant at Tezpur, Assam which shall be financed through Internal Accruals,” the company said in a BSE filing.

The plant is likely to commence operations in 2017, the company added.

Dabur’s net sales moved up by 10.92 per cent to Rs 2,157.31 crore in the last quarter of 2015-16, compared to Rs 1,944.81 crore in the year-ago period.

Dabur’s International business reported an around 16 per cent growth, led by Egypt, Nepal, Dubai, Bangladesh and the US.

The company said it will leverage its strong herbal heritage and product portfolio to take advantage of the growing consumer preference for natural and Ayurvedic products.

For the entire 2015-16, Dabur’s net profit stood at Rs 1,252.71 crore, as against Rs 1,065.83 crore in the previous financial year.

Its net sales in the year ended March 31, 2016, stood at Rs 8,435.95 crore compared with Rs 7,806.37 crore in the previous year.

The board has proposed a final dividend of Re 1 per share, the company said.

Meanwhile, shares of the company were trading at Rs 278.10 apiece, up 3.23 per cent from the previous close at 10:11 hours on BSE.

Rallis India Q4 net jumps 51 pct at Rs 32.25 cr

Rallis India Q4 net jumps 51 pct at Rs 32.25 cr

27/04/2016 11:38

Tata Group firm Rallis India has reported a 51.3 per cent increase in its consolidated net profit at Rs 32.25 crore for the March quarter.

It had posted a net profit of Rs 21.32 crore in the same period last fiscal, the company said in a filing to the Bombay Stock Exchange.

Total income from operations rose to Rs 348.28 crore in the January-March period of 2015-16 compared with Rs 320.41 crore in the same period last year.

Commenting on the performance, Rallis India, Managing Director and CEO V Shankar said, “Our continued focus on quality of operations have not only held on to the margins but significantly improved our working capital situation. With emphasis on cash, we are now at zero debt status.” The board of the company has recommended dividend of Rs 2.50 per share (250 per cent) for the shareholders of the company.

Meanwhile, shares of the company were trading at Rs 198.40 apiece, up 2.43 per cent from the previous close at 11:38 hours on BSE.

Indiabulls Housing Finance Q4 profit surges 22.6 pct

Indiabulls Housing Finance Q4 profit surges 22.6 pct

26/04/2016 14:07

Indiabulls Housing Finance Limited’s reported a 22.6 per cent rise in the net profit for the fourth quarter of FY 2015-16 compared to the fourth quarter of FY 2014-15. The current quarter’s Profit After Tax stood at Rs. 675.5 crores. The rise comes majorly on the back of higher Net Interest Income and an increased fees income this quarter.

The Net Interest Income was Rs. 1116.2 crores which is 14.9 per cent higher than the previous quarters; whereas the fee incomes stood at Rs. 189.5 crores, 30.9 per cent higher than the Q4 FY 2014-15 figure of Rs. 144.8 crores.

The Indian conglomerate Indiabulls group’s company registered a better performance for the FY 2015-16 compared to FY 2014-15. The total revenue and net income both rose by 27.2 per cent and 23.3 per cent respectively compared to last year.

The total revenue for the company this year was Rs. 9225.6 crores against Rs. 7,253.4 crores last year. Net income increased from Rs. 1901.2 crores last year to Rs. 2344.7 crores this year.

Meanwhile, Indiabulls Housing Finance Limited share price was up by 1.80 per cent at Rs 683.10, from the prior close on the Bombay Stock Exchange at 14:07 hours.

Sensex trades higher; up over 450 points

Sensex trades higher; up over 450 points

15/02/2016 10:36

The Indian benchmark was trading in green in the morning session of day’s trade as a result of rise in metal stocks led by NMDC followed by Vedanta, Tata Steel, Jindal Steel & Power and Hindalco Industries. Shares of Ceat were up on the Bombay Stock Exchange after the company reported 27 per cent growth in consolidated net profit at Rs 113 crore for the quarter ended December 31, 2015 compared with Rs 89 crore in the same quarter last fiscal on the back of lower finance costs. Finance costs for the quarter under review decreased 39 per cent to Rs 19 crore compared with Rs 31 crore in the quarter ended December 31, 2014.

At 10:28AM BSE SENSEX was at 23446.77, up by 460.65 points or by 2 per cent while the NSE Nifty was at 7126.75, up by 145.8 points or by 2.09 per cent.

The BSE MIDCAP was at 9884.82, up by 269.58 points or by 2.8 per cent while the BSE SMLCAP was at 9994.33, up by 311.78 points or by 3.22 per cent.

The top gainers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 237.85,+9.18 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 191.00,+6.88 per cent), State Bank of India (Rs. 163.00,+5.20 per cent), Larsen & Toubro Ltd. (Rs. 1098.45,+4.25 per cent), Lupin Ltd. (Rs. 1817.15,+3.78 per cent), among others.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 321.55,-1.14 per cent), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of total 2142 shares traded, 1713 shares advanced, 372 shares declined while 57 were unchanged.

Among the sectoral indices on BSE, BSE Metal index was at 6686.13, up by 353.7 points or by 5.59 per cent led by NMDC Ltd. (Rs. 87.65,+11.37 per cent), Vedanta Ltd. (Rs. 69.20,+9.32 per cent), Tata Steel Ltd. (Rs. 237.85,+9.18 per cent), Jindal Steel & Power Ltd. (Rs. 60.00,+8.21 per cent), Hindalco Industries Ltd. (Rs. 64.60,+5.90 per cent).

Sun Pharma Q3 net zooms nearly 4-fold to Rs 1,417 cr

Sun Pharma Q3 net zooms nearly 4-fold to Rs 1,417 cr

12/02/2016 16:56

Drug maker Sun Pharmaceutical Industries on Friday reported nearly four-fold growth in its consolidated net profit at Rs 1,416.60 crore for the quarter ended December 31, 2015, helped by sharp increase in other income, lower tax cost and operational performance.

“The company had posted consolidated net profit of Rs 395.33 crore for the quarter ended December 31, 2014,” Sun Pharmaceutical said in a filing to Bombay Stock Exchange.

The consolidated net sales from operation rose 2 per cent to Rs 7,046.57 crore in Q3FY16 from Rs 6,885.46 crore in Q3FY15.

The other income of the company increased to Rs 209.20 crore from loss of Rs 76.51 crore in the year ago period. Tax expenses declined 80.4 per cent on yearly basis to Rs 202.03 crore versus Rs 1,028.96 crore in the year ago period.

India sales for Q3FY16 was Rs 1,890 crores, up 8 per cent, from the corresponding quarter last year and accounting for 27 per cent of total sales. Sales in the US were US$ 486 million for the quarter, a reduction of 11 per cent over same period last year and accounted for 45 per cent of total sales.

Commenting on Q3 earnings, Dilip Shanghvi, Managing Director of the Company said, “Our result for Q3 indicates sequentially improving quality of business and performance. This is despite adverse currency movements and increase in R&D investments. The synergy benefits of the Ranbaxy acquisition have begun to reflect in our financials. We remain committed in allocating required resources for enhancing our specialty and complex generics pipeline.”

Ahead of the earnings report, shares of company ended Friday’s trade at Rs 848.35 apiece, up 2.09 per cent, on BSE.

Bajaj Electricals posts Q3 net profit at Rs 29.31 cr

Bajaj Electricals posts Q3 net profit at Rs 29.31 cr

11/02/2016 15:15

Bajaj Electricals announced that it has posted a standalone net profit of Rs 29.31 crore for the third quarter ended December 31, 2015 as against a net loss of Rs 52.26 crore for the third quarter ended December 31, 2014.

The net sales of the company rose by 11.13 per cent to Rs 1,142.49 crore during the quarter under review as against Rs 1,028.01 crore in the same quarter of last fiscal.

Bajaj Electricals’ revenue from lighting segment increased by 26.29 per cent to Rs 292.75 crore during the third quarter of 2015-16 as against Rs 231.79 crore of the last fiscal.

The revenue from consumer durables segment was up 5.51 per cent to Rs 535.16 crore during the third quarter of 2015-16 as against Rs 507.19 crore in third quarter of 2014-15.

Similarly, the engineering and projects division reported a revenue of Rs 318.57 crore during the quarter, up 9.67 per cent as against Rs 290.48 crore in the year-ago period.

GlaxoSmithKline Pharma net profit rises 76.37 pct in Q3

GlaxoSmithKline Pharma net profit rises 76.37 pct in Q3

11/02/2016 15:46

GlaxoSmithKline Pharmaceuticals announced that it has posted a 76.37 per cent increase in its net profit at Rs 79.9 crore for the third quarter ended December 31, 2015 as against a net profit of Rs 45.30 crore for the third quarter ended December 31, 2014.

The net sales of the company rose by 12.78 per cent to Rs 728.70 crore in the October-December quarter this fiscal as compared to Rs 646.15 crore in the same period of previous year.

Commenting on this, GSK Pharma Managing Director Vaidheesh Annaswamy said, “The quarter includes the vaccine sales arising from the asset sales agreement with Novartis India that concluded at the end of the prior quarter and contributed to 4 per cent sales growth.”

He added, “Investments at the company’s existing site at Nashik as well as proposed manufacturing site at Vemgal, Karnataka are on track to deliver high quality products to meet the future demands of the Indian patient.”

Bank of India posts Rs 1,505.58 cr loss in Q3

Bank of India posts Rs 1,505.58 cr loss in Q3

11/02/2016 16:02

Country’s one of the oldest and largest commercial lender Bank of India (BoI) saw business taking a dip in October-December quarter mainly on account of surge in bad loans. It had posted a standalone net loss at Rs 1,505.58 crore in the quarter ended December 31, 2015.

The bank had posted standalone net profit of Rs 173.38 crore in corresponding quarter of previous fiscal, said Bank of India in a filing to the Bombay Stock Exchange on February 11, 2016.

Total income of the bank too fell by 7.2 per cent at Rs 11,086.95 crore in Q3 FY16 from Rs 11,947.45 crore in Q3 FY15.

During the quarter, provisions (other than tax) and contingencies jumped significantly to Rs 3,603.92 crore from Rs 3,237.39 crore in previous quarter and from Rs 1,580.72 crore in corresponding quarter of last fiscal.

During the quarter under review, the bank’s gross non-performing assets jumped to 9.18 per cent of total loans, compared with 4.07 per cent in the year-ago quarter. Net NPA of the bank too grew to 5.25 per cent against 2.50 per cent in corresponding period last year.

Reacting to the numbers, shares of Bank closed at Rs 85.20 apiece, down 5.96 per cent, from previous close on BSE.