Results today: Sesa Goa, Kotak Mahindra Bank, Dr Reddy's Labs, NTPC, Alstom Projects, Oracle Financial, Kalyani Steel, BASF India, Rain Commodities, KEC International, Gruh Finance, Maral overseas, TIL, Agro Tech foods, Jayshree Tea, Engineers India, Munjal Showa, Cholamandalam Investment, Patel Integrated Logistics, Mirza International
Credit Policy today
Macro Economic review: RBI says -Survey Lowers FY12 GDP Growth To 7.6% Vs 7.9% -Survey Lowers FY12 Industry Growth To 6.4% Vs 7.4% -Survey Lowers FY12 Farm Growth To 3.2% Vs 3.5% -Survey Pegs FY13 GDP Growth At 7.7% Vs 8.3%
Brokerages on Union Bank post Q2 numbers -RBS - Asset quality disappoints, downgrade to hold - Target Rs 230 -ENAM - Asset quality risk persists, maintain buy - Target Rs 251
NSE to suspend trading in three companies' shares on listing pact violation from November 3 -To suspend trading in Andhra Cements shares -To suspend trading in Evinix Accessories shares -To suspend trading in Parekh Platinum shares
Pliani Investments to list on NSE today -Its BK Birla groups investment company -BK Birla holds 57%, RS Lodha family holds 25%
Sasken Comm Consolidated Q2 (cr - crore, vs - versus) -Revenues up 0.7% at Rs 133.8 cr vs Rs 130 cr -EBITDA at Rs 24.1 cr vs Rs 16.1 cr -EBITDA % at 12.8% vs 12.4% -PAT up 58.4% at Rs 15.72 cr vs Rs 10.7 cr -PAT higher due to other income at Rs 10.8 cr vs Rs 3.1 cr -Services revenues up 2.8% at Rs 120 cr, products revenues down 15.5% at Rs 13.4 cr
GAIL Q2FY12 YoY -Net sales up 20% at Rs 9699 cr vs Rs 8104 cr -PAT up 19% at Rs 1094 cr vs Rs 923 cr -Total Expenditure up 21% at Rs 8252 cr vs Rs 6834 cr -EBITDA up 15% at Rs 1648 cr vs Rs 1433 cr -EBITDA margin at 17% vs 17.7%
Delta Corp Q2 consolidated results -Results impacted as no real estate income this quarter - last quarter they sold Delta Centre to World Bank for Rs 110 cr but realized only 10% i.e Rs 11 cr + Rs 50 cr from pune land sale -The company said that they had realized only 10% last quarter from Kenya land sale and left will be realized in Q2 - but no signs in this quarter -Gaming business going strong *Sales up over 30% *All clearances from Goa govt *Looking to sign deals in Damam, Sri Lanka (Q1 - gaming business came only from Casino Royale as nothing major frm Caravella and Daman - Q2 will have all three)
Delta Corp Q2FY12 (QoQ) -Net sales at Rs 49.45 cr vs Rs 91.1 cr -PAT at Rs 4.93 cr vs Rs 11.8 cr -EBITDA at Rs 12.9 cr vs Rs 32 cr -EBITDA margins at 26.2% vs 35.1% -PAT Margin at 10% Vs 13% Segmental Revenue(QoQ): -Real estate at Rs 11.6 cr vs Rs 63 cr -Hospitality and Gaming at Rs 37.54 cr vs Rs 27.8 cr -Lease rental at Rs 70 lakh vs Rs 69 lakh Segmental EBIT (QoQ): -Real Estate at Rs 4.97 cr vs Rs 26.6 cr -Hospitality and Gaming at Rs 7.18cr vs Rs 4.6 cr -Lease rental at Rs 33 lakh vs Rs 1.34 cr
Titan Industries Q2FY12 YoY -Net Sales up 37% at Rs 2096 cr vs Rs 1536 cr -PAT up 16% at Rs 148 cr vs Rs 128 cr -Total Expenditure up 39% at Rs 1907 cr vs Rs 1370 cr -EBITDA up 14% at Rs 200 cr vs Rs 175 cr -EBITDA Margin at 9.5% vs 11.4%
Tata Coffee Q2FY12 YoY consolidated -Total Income up 39% at Rs 416 cr vs Rs 299 cr -Expenditure up 51% at Rs 384 cr vs Rs 255 cr -EBITDA down 24% at Rs 41 cr vs Rs 53 cr -OPM at 9.78% vs 17.86% -PAT up 75% at Rs 18 cr vs Rs 10 cr -Raw Material costs up 1.27 times at Rs 189 cr -Sales, promotion and selling expenses up 91% at Rs 74 cr -Interest costs down 26% at Rs 9 cr Segment Performance -Coffee and other produce revenues up 42% at Rs 396 cr; EBIT down 20% at Rs 34 cr -Tea revenues up 0.4% at Rs 13.34 cr; EBIT: loss of Rs 1.44 cr vs loss of Rs 5 lakh -Estate supplies division revenues up 11% at Rs 10 cr; EBIT down 52% at Rs 8 lakh -Margins impacted primarily on account of 'Eight 'O' Clock' (EOC) Coffee which has seen a sharp escalation in raw material costs -Performance of Instant Coffee division has improved significantly with higher production and sales YoY
VIP Industries Q2FY12 YoY (Consolidated) -Total revenue up 16.3% to Rs 174 cr vs Rs 149.6 cr -EBITDA up 1.5% to Rs 19.7 cr vs Rs 19.4 cr -EBITDA margins 11.3% vs 13% -PAT down 13.5% to Rs 10.9 cr vs Rs 12.6 cr -Total Expenditure up 18.4% at Rs 158.5 cr vs Rs 133.9 cr -Interest halved to Rs 30 lakh vs Rs 80 lakh -Tax up 79% at Rs 4.3 cr vs Rs 2.4 cr -Tax rate at 28.3% vs 16%
Other stocks and sectors that are in news today: -JSW Steel may bid for Australian coal producer New Hope valued at USD 5.2 billion - reports -Govt may impose 70% import duty on rice (BS) -Airports authority asks Kingfisher Airlines to clear Rs 210 crore dues (FE) -LGS Global to raise Rs 1500 crore; may use funds for exit option of some Ybrant investors post merger (DNA) ((CMP: Rs 78.20)) -Softsol India board approves buy back at maximum Rs 65/sh (CMP Rs 47) -Asian Paints: Interim dividend Rs 9.5/sh -F&O ban: ABG Shipyard, Gitanjali Gems -BSNL, MTNL, others to build Rs 20,000 crore broadband network (ET)
